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Wires

  • WEST PALM BEACH, Fla. _ Ocwen Financial Corporation on Wednesday reported a loss of $10.4 million in its fourth quarter. The West Palm Beach, Florida- based company said it had a loss of 8 cents per share. Keywords: Ocwen Financial, Earnings Report.

  • BRASILIA, Feb 22- Brazil's government said on Wednesday it would relax local content rules for the oil industry as of September in an effort to attract foreign investment and lower costs that have hindered development of vast off-shore reserves. Mines and Energy Minister Fernando Coelho said the requirement that oil companies operating in Brazil buy...

  • BERWYN, Pa. _ Trinseo SA on Wednesday reported fourth-quarter profit of $78.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share. For the current quarter ending in April, Trinseo expects its per-share earnings to range from $2.19 to $2.37.

  • BOWIE, Md. _ Inovalon Holdings Inc. on Wednesday reported fourth-quarter net income of $674,000. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. Inovalon Holdings expects full-year earnings in the range of 28 cents to 31 cents per share, with revenue in the range of $440.5 million to $455...

  • CHICAGO, Feb 22- The Chicago Board of Education on Wednesday approved a revised budget that incorporates unpaid furlough days and other cost-cutting measures to save $104 million to help address a $215 million pension funding shortfall. The Chicago Public Schools will continue to pursue money from the state of Illinois to fill the gap, including through its...

  • TORONTO, Feb 22- Canada's main stock index fell the most in three weeks on Wednesday, pulling back from a record high set the day before as lower commodity prices pressured shares of energy and materials companies. Investor expectations for Federal Reserve interest rate hikes have pressured commodities priced in U.S. dollars, said Youssef Zohny, portfolio...

  • Dec. 2014— Dallas- based Energy Transfer Partners applies to the federal government to build the 1,200- mile Dakota Access pipeline to carry North Dakota oil through the Dakotas and Iowa to an existing pipeline in Illinois. The proposed route skirts the Standing Rock Sioux tribe's reservation and crosses under Lake Oahe, a Missouri River reservoir in North...

  • HOUSTON _ Oasis Petroleum Inc. on Wednesday reported a fourth-quarter loss of $54.7 million, after reporting a profit in the same period a year earlier. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share. Nine analysts surveyed by Zacks expected $202.3 million.

  • SUWANEE, Ga. _ Arris Group Inc. on Wednesday reported fourth-quarter earnings of $86.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share. For the current quarter ending in April, Arris Group expects its per-share earnings to range from 36 cents to 40 cents.

  • FREMONT, Calif. _ AXT Inc. on Wednesday reported fourth-quarter net income of $2.2 million, after reporting a loss in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. Four analysts surveyed by Zacks expected $19.1 million.

  • ENBRIDGE INC SAYS OUTAGE ON SHUT LINE 2 A WILL LAST ABOUT THREE WEEKS- SHIPPER NOTICE.

  • BOSTON _ Safety Insurance Group Inc. on Wednesday reported fourth-quarter net income of $12 million. Safety Insurance shares have dropped slightly since the beginning of the year. Keywords: Safety Insurance, Earnings Report.

  • GRAND CAYMAN, Cayman Islands _ Greenlight Capital Re Ltd. on Wednesday reported fourth-quarter net income of $49.2 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Grand Cayman, Cayman Islands- based company said it had net income of $1.31. Greenlight Capital Re shares have climbed 2 percent since the beginning of the...

  • FT WORTH, Texas _ Range Resources Corp. on Wednesday reported a loss of $160.7 million in its fourth quarter. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share. Range Resources shares have declined 13 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 5.5 percent.

  • Ongoing weakness in core lingerie could be more difficult to repair as management continues to employ various incentives to rejuvenate traffic, Mizuho Securities analyst Betty Chen said in a pre-earnings note. The company's net income fell to $631.7 million, or $2.18 per share, in the fourth quarter ended Jan. 28 from $636 million, or $2.15 per share, a year...

  • Lopez Obrador, frontrunner in polls for the 2018 race, fought the overhaul of Mexico's state-run energy sector by the current government, saying the move to open the industry to private producers was anti-constitutional. A Lopez Obrador victory in 2018 could complicate Mexico's relations with top trade partner the United States and U.S. oil companies that...

  • GRAND RAPIDS, Mich. _ Spartan Stores Inc. on Wednesday reported fourth-quarter earnings of $12.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. Spartan Stores expects full-year earnings in the range of $2.26 to $2.35 per share.

  • CARROLLTON, Texas _ CyrusOne Inc. on Wednesday reported a key measure of profitability in its fourth quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of 63 cents per share. CyrusOne expects full-year funds from operations in the range of $2.85 to $2.95 per share.

  • ASUNCION, Feb 22- Paraguay's Supreme Court ruled in favor of the Treasury Ministry on Wednesday in a dispute over the constitutionality of a proposed bond sale, allowing it to issue $550 million in debt next month. The unprecedented budget veto meant that the 2016 budget remained in place, but the opposition claims that does not give the Treasury Ministry the...

  • MILAN— Milan fashion designers launched six days of fall-winter fashion previews on Wednesday, as the long-accepted runway format undergoes challenges like never before. Brands like Gucci and Bottega Veneta sat out last month's menswear previews to combine their efforts this round, while some labels, like Roberto Cavalli, were taking breaks during...