Wires

More

  • *Dollar rises after Yellen comments indicate rate hike still possible. NEW YORK, Feb 10- The dollar rose on Wednesday, climbing from nearly four-month lows against a basket of major currencies, after prepared remarks from Federal Reserve Chair Janet Yellen suggested that the U.S. central bank had not taken a March interest rate increase off the table.

  • GENEVA— Organizers of the World Economic Forum, which holds an annual meeting in Davos, Switzerland, have postponed a similar conference planned to take place in Egypt this spring over security concerns. The WEF Middle East and North Africa conference generally alternates between Jordan and Egypt from year to year and welcomes dignitaries and high-ranking...

  • SACRAMENTO, Calif. _ McClatchy Co. on Wednesday reported fourth-quarter earnings of $8.8 million. The Sacramento, California- based company said it had net income of 10 cents per share. The media company and owner of The Kansas City Star posted revenue of $285.8 million in the period.

  • TOKYO/ BRUSSELS, Feb 10- Asahi Group Holdings Ltd has offered to buy SABMiller's Peroni, Grolsch and Meantime beer brands for 2.55 billion euros, it said on Wednesday, as the Japanese company seeks to offset slow growth at home. Asahi is Japan's biggest brewer with a 38 percent market share, but the company has sought growth outside of Japan where a shrinking...

  • LONDON, Feb 10- World-leading technology company ARM Holdings said a vote to leave the European Union by the British electorate, the so-called Brexit, would hinder its ability to employ the scientists and engineers it needs. Britain's Prime Minister David Cameron has promised voters an opportunity to decide whether the country should remain a member of the...

  • LONDON/ ROME, Feb 10- Europe's top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global economy as it struggles to sustain momentum. Wednesday's industrial output data for Britain, France and Italy followed news a day earlier of a shock plunge in Germany, setting back expectations...

  • Feb 10- Wall Street was set to open higher on Wednesday, but U.S. stock futures eased some of their gains after Federal Reserve Chair Janet Yellen said conditions in the United States would allow the Fed to pursue "gradual" adjustments to monetary policy. However, tightening financial conditions driven by falling stock prices, uncertainty over China and a global...

  • Feb 10- Health insurer Humana Inc, which is being bought by rival Aetna Inc, on Wednesday said that it had set aside 74 cents per share in the fourth quarter to cover anticipated shortfalls in its 2016 individual health plan business. Wall Street analysts had estimated last month that the set aside would be about 70 cents per share. Humana said that many of its high...

  • Feb 10- Twitter Inc made a dramatic product change on Wednesday, saying it will recast the way it displays tweets on its homepage by customizing them to individual users, instead of uniformly displaying tweets in reverse chronological order. The change to the timeline- as the homepage is known- is also designed to appeal to advertisers by giving more prominence...

  • REIGATE, England, Feb 10- Unsure how a misfiring global economy is affecting matters at home, Bank of England chief Mark Carney has turned to an age-old gauge of Britain's economy: the word on the street from a trusted band of regional agents. "You get all that sort of background that certainly doesn't come from reading statistics," Martin Weale, an external member of...

  • MONTREAL _ CAE Inc. on Wednesday reported fiscal third-quarter profit of $43.2 million. On a per-share basis, the Montreal- based company said it had net income of 16 cents. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

  • VIENNA, Feb 10- Austria's Voestalpine expects duties on cheap imports to take the pressure off Europe's steel industry this year following its worst downturn in about a decade. European steel companies are struggling to cope with sharp price falls and growing overcapacity as China and Russia are accused of exporting massive quantities at artificially low...

  • KIEV, Feb 10- Ukraine could lose a $17.5 billion bailout from the International Monetary Fund unless it speeds up political reforms and curbs corruption, the IMF's head said on Wednesday. It is vital that Ukraine's leadership acts now to put the country back on a promising path of reform. " Ukraine's other Western backers have warned it not to repeat the mistakes of...

  • LONDON, Feb 10- Global government borrowing costs slumped to record lows this week as a combination of financial volatility, banking stress and slowing growth and inflation saw a flight to top-rated, liquid assets amid talk of ever lower interest rates. Yields have tumbled since the turn of the year as fears over China's economy, plunging oil prices and...

  • In July 2014 Pilot Flying J agreed to pay a $92 million to resolve its criminal liability over a scheme that the U.S. Justice Department said caused customers to lose $56 million. The case followed an investigation in which Federal Bureau of Investigation and Internal Revenue Service agents searched Pilot Flying J's headquarters in Knoxville in April 2013.

  • CHAPEL HILL, N.C. _ Investors Title Co. on Wednesday reported fourth-quarter earnings of $2.2 million. Investors Title shares have fallen 13 percent since the beginning of the year. Keywords: Investors Title, Earnings Report.

  • EVANSVILLE, Ind. _ Berry Plastics Group Inc. on Wednesday reported fiscal first-quarter net income of $4 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Berry Plastics shares have decreased 17 percent since the beginning of the year.

  • US TREASURY YIELDS STEADY AFTER YELLEN STATEMENT, 10- YEAR NOTES YIELD 1.76 PERCENT.

  • NEW YORK _ BGC Partners Inc. on Wednesday reported fourth-quarter net income of $65 million, after reporting a loss in the same period a year earlier. The company, based in New York, said it had earnings of 24 cents per share. BGC Partners shares have declined 14 percent since the beginning of the year.

  • WASHINGTON, Feb 10- Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the U.S. economy off track from an otherwise solid course, Federal Reserve Chair Janet Yellen said on Wednesday in prepared testimony to Congress. In testimony that combined a steady-as-she-goes...