Wires

More

  • Feb 12- Top U.S. officials will travel to Havana on Feb. 16 to sign an aviation pact that restores scheduled airline service between the United States and Cuba for the first time in more than 50 years, the U.S. Transportation Department said on Friday. They will have 15 days starting Tuesday to submit route applications to the U.S. Transportation Department, its...

  • RALEIGH, N.C.— The Latest on a judge reviewing a $7 million settlement over groundwater pollution at one coal-burning power plant that was expanded to end disputes at all 14 Duke Energy sites in North Carolina:. A North Carolina judge wants to review a surprise deal over groundwater pollution at Duke Energy's coal ash pits because he questions the motives behind...

  • NEW YORK, Feb 12- As Wall Street struggles to find its footing after a shaky start to the year, investors are not getting any solace from corporate earnings. The S&P 500 has lost about 9 percent since Dec. 31. "We're not going in the right direction in terms of earnings," said Daniel Morgan, senior portfolio manager at Synovus Trust Company in Atlanta, Georgia.

  • U.S. stocks snapped a five-day losing streak Friday as investors welcomed a surge in oil prices and an encouraging report on retail sales. Financial stocks, which have been the worst performing part of the market this year, led the rally. The Dow Jones industrial average rose 313.66 points, or 2 percent, to 15,973.84.

  • January retail sales number suggests U.S. economic strength. NEW YORK, Feb 12- The dollar rose on Friday after data showed U.S. consumer spending appeared to have regained its mojo in January, supporting the possibility the Federal Reserve will continue to raise interest rates as other central banks ease policy. On Friday, the dollar rose 0.75 percent to 113.26...

  • Feb 12- Top U.S. officials will travel to Havana on Feb. 16 to sign an aviation pact that restores scheduled airline service between the United States and Cuba for the first time in more than 50 years, the U.S. Transportation Department said on Friday. U.S. airlines still must apply for permission from U.S. regulators to fly specific routes before they sell tickets to...

  • *U.S. oil settles up 12 pct on renewed talk of OPEC cut. U.S.-listed shares of Deutsche Bank were up 12 percent at $17.38, while the S&P financial index rallied 4 percent, its largest daily percentage gain since November 2011. "Europe was strong and especially the banks in Europe, and that appeared to have some positive carryover effect on sentiment towards banking...

  • NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq stock market:. Deutsche Bank AG, up $1.87 to $17.38. Pandora Media Inc., down $1.09 to $8.

  • Lisa McKnight, a marketing veteran at Mattel, will replace Evelyn Mazzocco, who has run the business since 2014, the company said. McKnight is the senior vice president of marketing for North America, according to her LinkedIn profile. McKnight's appointment was first reported by the Wall Street Journal.

  • VANCOUVER, British Columbia _ Burcon Nutrascience Corp. on Friday reported a loss of $1.2 million in its fiscal third quarter. The Vancouver, British Columbia- based company said it had a loss of 4 cents per share. Keywords: Burcon Nutrascience, Earnings Report.

  • SANTA MONICA, Calif. _ Anworth Mortgage Asset Corp. on Friday reported fourth-quarter net income of $32.9 million, after reporting a loss in the same period a year earlier. The Santa Monica, California- based company said it had net income of 30 cents per share. For the year, the company reported profit of $14.7 million, or 8 cents per share.

  • HAVANA— The United States and Cuba will sign an agreement next week to resume commercial air traffic for the first time in five decades, starting the clock on dozens of new flights operating daily by next fall, U.S. officials said Friday. Barring other major announcements, it would be the most significant development in U.S.- Cuba trade since Presidents Barack...

  • NEW YORK _ Ark Restaurants Corp. on Friday reported fiscal first-quarter earnings of $321,000. Ark Restaurants shares have fallen 11 percent since the beginning of the year. Keywords: Ark Restaurants, Earnings Report.

  • TORONTO, Feb 12- Canada's main stock index rallied on Friday, led by banks and energy stocks after oil prices surged as much as 12 percent. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 293.87 points, or 2.43 percent, at 12,381.24. All 10 of the index's main groups ended higher.

  • That's what many ranchers and sympathizers opposing federal control of public lands in the West concluded after the armed occupation of a national wildlife refuge in Oregon. But not all condone the tactics of the armed group that drew the nation's gaze to the snowy landscapes of eastern Oregon. State lawmakers, notably in Utah, are considering a legal way to...

  • NEW YORK, Feb 12- U.S. stocks rallied on Friday, snapping a five-day drop in the S&P 500 as financial, commodity-related and other beaten-down shares rebounded.

  • Speculators in four major NYMEX and ICE markets decreased their bearish bets by 21,285 contracts to 24,277 in the week to Feb. 9, the U.S. Commodity Futures Trading Commission said on Friday. Gas futures averaged $2.06 during the five trading days ended Feb. 9, compared with $2.17 during the prior week ended Feb. 2. Looking forward, gas futures are higher, fetching...

  • NAUGATUCK, Conn. _ Eastern Co. on Friday reported fourth-quarter profit of $1.7 million. The Naugatuck, Connecticut- based company said it had net income of 28 cents per share. For the year, the company reported profit of $5.7 million, or 92 cents per share.

  • NEW YORK, Feb 12- U.S. The Commerce Department said retail sales excluding automobiles, gasoline, building materials and food services increased 0.6 percent last month after an unrevised 0.3 percent decline in December. "The upbeat retail numbers provided a rebound and the fear-trade we saw all week seems to have moved on for now," said Kathy Jones, chief fixed...

  • NEW YORK, Feb 12- The global chief investment strategist for BlackRock Inc, the world's largest asset manager, on Friday described Japanese stocks as cheap and "arguably the most oversold" in financial markets.