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Wires

  • Net income rose to $673.9 million, or $13.47 per share, in the fourth quarter ended Dec. 31, from $504.3 million, or $10 per share, a year earlier. "recorded accelerating growth in room nights booked for the full year 2016 over 2015, which reflects the benefits of our scaled accommodations platform and strong execution by our global teams," Chief Executive Glenn Fogel...

  • *India's GDP growth tipped to slip to 3- yr low in Dec qtr. GHAZIABAD, India, Feb 27- Struggling with customers unable to pay on time and plummeting sales, Indian small-business owner Ravi Jain fears the government's crackdown on cash will have a much larger impact than predicted by top policymakers. Asia's third-largest economy is tipped to slow down to a near...

  • OKLAHOMA CITY _ LSB Industries Inc. on Monday reported a loss of $21.5 million in its fourth quarter. On a per-share basis, the Oklahoma City- based company said it had a loss of $1.06. For the year, the company reported net income of $112.2 million, or $2.54 per share, swinging to a profit in the period.

  • NEW YORK/ WASHINGTON, Feb 27- President Donald Trump sought on Monday to bring the nation's largest insurance companies on board with his plans to overhaul Obamacare, saying their help was needed to deliver a smooth transition to the Republicans' new plan. "We must work together to save Americans from Obamacare you people know that and everyone knows that- to...

  • Feb 27- Samuel Merksamer has left Icahn's hedge fund firm, according to an internal memo. He represents billionaire investor Carl Icahn on several corporate boards. According to his biography on corporate websites, he sat on the boards of American International Group Inc, Transocean Ltd, Navistar International Corp, Ferrous Resources Ltd, Hertz Global...

  • NEW YORK/ WASHINGTON, Feb 27- President Donald Trump sought on Monday to bring the nation's largest insurance companies on board with his plans to overhaul Obamacare, saying their help was needed to deliver a smooth transition to the Republicans' new plan. "We must work together to save Americans from Obamacare you people know that and everyone knows that- to...

  • NEW YORK, Feb 27- U.S. stocks ended slightly higher on Monday and the Dow closed at a record high for a 12th straight session, as President Donald Trump said he would talk about his plans for infrastructure spending in an address to Congress Tuesday. Trump, who met with state governors at the White House, said he sees "big" infrastructure spending, and that he is seeking...

  • Feb 28- India's Tata Sons Ltd has agreed to pay Japan's NTT DoCoMo about $1.17 billion in connection with the termination of a joint venture in the South Asian nation, the Nikkei daily reported, without citing its sources. India's central bank blocked Tata's offer, saying a rule change the previous year prevented foreign investors from selling stakes in Indian...

  • CORRECTED-MERKSAMER WILL CONTINUE TO SERVE ON AMERICAN INTERNATIONAL GROUP BOARD- SOURCE.

  • Feb 27- Drugmaker Perrigo Co Plc said on Monday it agreed to sell the royalty stream from its multiple sclerosis drug Tysabri to privately held Royalty Pharma for up to $2.85 billion. The deal with Royalty Pharma comprises $2.2 billion in cash at closing and up to $650 million in potential milestone payments, according to a statement by Perrigo, which confirmed...

  • FRISCO, Texas _ Integer Holdings Corp. on Monday reported fourth-quarter net income of $7.9 million, after reporting a loss in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share. Three analysts surveyed by Zacks expected $351.7 million.

  • PLYMOUTH, Minn. _ Silver Bay Realty Trust Corp. on Monday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in Plymouth, Minnesota, said it had funds from operations of $9 million, or 24 cents per share, in the period. The company said it had net income of $2.7 million, or 7 cents per share.

  • HAVANA, Feb 27- Sales of Cuba's legendary cigars rose 5 percent last year to $445 million, defying stagnation in the global luxury goods market, manufacturer Habanos S.A. said on Monday at the opening of the Caribbean island's annual cigar festival. Habanos dominates the global market for hand-rolled, premium cigars except in the United States due to...

  • ALAMEDA, Calif. _ OncoCyte Corp. on Monday reported a loss of $3.1 million in its fourth quarter. On a per-share basis, the Alameda, California- based company said it had a loss of 11 cents. OncoCyte shares have decreased 20 percent since the beginning of the year.

  • ATLANTA _ Preferred Apartment Communities Inc. on Monday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in Atlanta, said it had funds from operations of $8.3 million, or 32 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from...

  • SCOTTSDALE, Ariz. _ Kona Grill Inc. on Monday reported a loss of $16.6 million in its fourth quarter. Kona Grill expects full-year revenue of $200 million. Kona Grill shares have fallen 39 percent since the beginning of the year.

  • CHARLOTTE, N.C. _ Albemarle Corp. on Monday reported fourth-quarter profit of $602.1 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share. Five analysts surveyed by Zacks expected $599.8 million.

  • SAN ANTONIO _ CST Brands Inc. on Monday reported fourth-quarter net income of $18 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. Three analysts surveyed by Zacks expected $2.46 billion.

  • SHANGHAI _ Noah Holdings Ltd. on Monday reported fourth-quarter net income of $15.5 million. On a per-share basis, the Shanghai- based company said it had net income of 27 cents. For the year, the company reported profit of $92.7 million, or $1.59 per share.

  • *Sees FY EPS from cont ops $1.05- $1.30 vs est $1.97. The third largest for-profit U.S. hospital operator, which had long-term debt of about $15 billion as of Dec. 31, has been cutting costs and selling hospitals, focusing on raising its hospital unit margins to turn its business around. Hospital stocks were sold off after the Nov. 8 presidential election of Donald...