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  • DETROIT _ American Axle& Manufacturing Holdings Inc. on Friday reported fourth-quarter net income of $62.9 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. American Axle shares have fallen 38 percent since the beginning of the year.

  • NEW YORK— Visa is now a major shareholder in Square, the mobile payment services company co-founded and led by Jack Dorsey. Square Inc. went public in November. Dorsey, a co-founder of Square, is also co-founder and CEO of Twitter Inc..

  • OXFORD, Mass. _ IPG Photonics Corp. on Friday reported fourth-quarter net income of $60.7 million. Five analysts surveyed by Zacks expected $223.4 million. Analysts surveyed by Zacks had expected revenue of $220.3 million.

  • MOSCOW, Feb 12- Russia's biggest carmaker Avtovaz issued a plea for help to shareholders including Renault on Friday, after plunging demand at home drove it to a record loss and an audit revealed its frail finances. French carmaker Renault separately slashed the value of its stake in Avtovaz by 225 million euros to 96 million. Russia's car industry has been...

  • CoBiz posts 4Q profit 12 Mins Ago

    DENVER _ CoBiz Financial Inc. on Friday reported fourth-quarter net income of $4.4 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • The company's net income rose to $62.9 million, or 81 cents per share, in the fourth quarter ended Dec. 31, from $13.2 million, or 17 cents per share, a year earlier. American Axle, which gets about three-quarters of its revenue from General Motors Co, said non-GM sales rose to $323.5 million from $317.2 million. Total net sales rose to $958.4 million from $939.5 million.

  • LONDON, Feb 12- The prospect that U.S. oil refiners might respond to rising stockpiles of refined fuels and weakening margins by cutting the amount of crude they process has roiled oil markets in recent days. There are already more than 500 million barrels of crude in storage at refineries, tank farms, pipelines and oilfields across the United States, an increase...

  • BOULDER, Colo. _ Zayo Group Holdings Inc. on Friday reported a fiscal second-quarter loss of $10.8 million, after reporting a profit in the same period a year earlier. Zayo Group shares have declined 13 percent since the beginning of the year. Access a Zacks stock report on ZAYO at http://www.zacks.com/ap/ZAYO.

  • Zenefits People

    Software company Zenefits is being investigated by the California Department of Insurance over questions about its business practices.

  • FRANKFURT, Feb 12- Nokia's best days of growth may be behind it for the foreseeable future, but what keeps investors on board one of Europe's biggest technology stocks is the progress it is making to deliver more consistent profits and shareholder returns. "Under good management, which I believe Nokia has, the operating margin of Alcatel's side of the business...

  • LONDON— Britain's Independent newspaper will publish its last print edition next month as it makes a "historic transition" to digital-only format, its owner said Friday. Another of the company's papers, the commuter-focused daily newspaper i, has been sold to regional newspaper publisher Johnston Press for 24 million pounds. The Independent was founded in...

  • *ChemChina deal will remove suspicion about GM crops in China- COO. SINGAPORE, Feb 12- ChemChina's purchase of Syngenta could remove some of the suspicion around genetically modified crops and ultimately lead to more rapid user acceptance of biotechnology in food production in China, Syngenta's Chief Operating Officer Davor Pisk told Reuters.

  • *Final dividend 7.1 pence a share, first cut since 1992. LONDON, Feb 12- Britain's Rolls-Royce halved its final dividend to shore up its finances on Friday, the first cut for 24 years, but after three profit warnings last year a more confident tone boosted its shares. Chief Executive Warren East had said in November that further profit warnings could not be ruled out...

  • LONDON, Feb 12- Oil prices jumped on Friday on prospects of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against the previous day's settle and was up 4.42 percent at $31.39 per barrel at 1216 GMT. "The comments by the UAE oil minister are pushing prices up... but we're...

  • EU Commission proposals go beyond international guidelines. BRUSSELS, Feb 12- New rules to tackle multinationals' tax avoidance should not go beyond the scope of international guidelines, European Union finance ministers said on Friday, raising concerns about some of the proposals made by the European Commission in January. To reduce corporations' tax...

  • NAPLES, Fla. _ Beasley Broadcast Group Inc. on Friday reported fourth-quarter profit of $3.3 million. On a per-share basis, the Naples, Florida- based company said it had profit of 14 cents. For the year, the company reported profit of $6.4 million, or 28 cents per share.

  • NEW DELHI, Feb 12- Sales of passenger cars and utility vehicles in India are expected to grow by as much as 12 percent in the fiscal year starting April 1, the country's automotive body said on Friday, higher than the 8 percent growth estimated for the current year. Prime Minister Narendra Modi is under pressure to increase welfare spending in India's upcoming...

  • BOSTON— A refueling van has struck a plane at Boston's Logan International Airport, damaging the jet but causing no injuries to the passengers. A spokeswoman for the Massachusetts Port Authority, which runs the airport, says the van struck the wing of the JetBlue plane. Passenger Chaz Hallock tells WCVB-TV that he felt the plane shake, and then looked out the...

  • Bryan- based Ohio Art Co. sold the Etch A Sketch and the spinoff Doodle Sketch to Spin Master Corp. for an undisclosed price. The Blade in Toledo reports Ohio Art announced the surprise move Thursday. The brand was produced or owned by Ohio Art since 1960, when it bought the rights for $25,000.

  • LISBON, Portugal— Portuguese prime minister says he has taken note of European Union concerns about his debt-heavy country's spending plans but is determined to make his anti-austerity program work. Prime Minister Antonio Costa says his center-left government's budget for this year lays the foundations for new growth, job creation, better welfare...