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Wires

  • Stock indexes wobbled between modest gains and losses Wednesday, as the White House unveiled broad outlines of its plan to slash tax rates but left many of the details to be determined. The Standard& Poor's 500 index slipped by 1.16 points, or less than 0.1 percent, to 2,387.45. The Russell 2000 index of smaller-company stocks rose 8.35, or 0.6 percent, to 1,419.43.

  • NEW YORK, April 26- According to the White House, U.S. This San Francisco judge's erroneous ruling is a gift to the criminal gang and cartel element in our country, empowering the worst kind of human trafficking and sex trafficking, and putting thousands of innocent lives at risk, the White House said in a statement decrying Judge Orricks decision, which came in a...

  • WASHINGTON, April 26- Lawmakers in the U.S. House of Representatives on Wednesday debated resurrecting the stalled Yucca Mountain spent nuclear fuel dump in Nevada, a project critics say is hindered by the lack of an easy transport route. Representative John Shimkus, an Illinois Republican, has proposed draft legislation to restart the licensing of Yucca...

  • SANTA CLARA, Calif. _ ServiceNow Inc. on Wednesday reported a loss of $40.7 million in its first quarter. Nine analysts surveyed by Zacks expected $409.1 million. For the current quarter ending in July, ServiceNow said it expects revenue in the range of $458 million to $463 million.

  • ARLINGTON, Va. _ AvalonBay Communities Inc. on Wednesday reported a key measure of profitability in its first quarter. The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $2.11 per share. Four analysts surveyed by Zacks expected $521.3 million.

  • CHATTANOOGA, Tenn. _ Unum Group on Wednesday reported first-quarter profit of $229.9 million. On a per-share basis, the Chattanooga, Tennessee- based company said it had profit of $1. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1 per share.

  • HOUSTON _ Kraton Performance Polymers Inc. on Wednesday reported first-quarter earnings of $6.4 million. On a per-share basis, the Houston- based company said it had net income of 20 cents. Kraton shares have increased 16 percent since the beginning of the year.

  • WASHINGTON, April 26- A U.S. Representative Jeb Hensarling, who chairs the House Financial Services Committee, is considering amendments that would repeal large parts of the 2010 Dodd-Frank financial reform law. Given that at least eight Democrats would be needed to back Hensarlings bill for it to pass the U.S. Senate, Wednesdays hearing was an indication that...

  • HAMILTON, Bermuda _ XL Group PLC on Wednesday reported first-quarter earnings of $152.8 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SAN JOSE, Calif. _ Xilinx Inc. on Wednesday reported fiscal fourth-quarter profit of $153.4 million. Nine analysts surveyed by Zacks expected $606 million. For the current quarter ending in July, Xilinx said it expects revenue in the range of $600 million to $630 million.

  • April 26- Weight Watchers International Inc said Mindy Grossman, current chief executive of HSN Inc, will join the diet company as CEO in July, sending the company's shares up nearly 13 percent in aftermarket trading on Wednesday. Grossman was named Fortune's Business Person of the Year in 2014 and has been named one of the world's 100 most powerful women three...

  • But a leading GOP moderate criticized the reshaped legislation as a conservative exercise in "blame-shifting and face-saving" that wasn't winning new support from party centrists, leaving its fate unclear. The embrace by the hard-line Freedom Caucus supplied fresh votes and momentum for GOP leaders, who also lined up behind the plan and are eager to grab a...

  • April 26- Marketers spent $72.5 billion on digital advertising last year, an increase of 22 percent from 2015, as Google and Facebook once again booked the lion's share of new revenue, a report released by the Interactive Advertising Bureau said on Wednesday. Analysts for the Pivotal Research Group wrote that despite digital advertising outpacing the $69...

  • YOKNEAM, Israel _ Mellanox Technologies Ltd. on Wednesday reported a loss of $12.2 million in its first quarter. Five analysts surveyed by Zacks expected $205.1 million. For the current quarter ending in July, Mellanox said it expects revenue in the range of $205 million to $215 million.

  • ATLANTA _ Equifax Inc. on Wednesday reported first-quarter earnings of $153.3 million. For the current quarter ending in July, Equifax expects its per-share earnings to range from $1.55 to $1.58. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.58.

  • SAN JOSE, Calif. _ Cavium Inc. on Wednesday reported a loss of $50.5 million in its first quarter. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. Cavium shares have risen 14 percent since the beginning of the year.

  • *Advancers outpace decliners on NYSE, Nasdaq. New York, April 26- U.S. stocks ticked lower on Wednesday following two sessions of strong gains as strong corporate earnings were offset by uncertainty over the feasibility of a proposed business tax cut. "A lot to digest on the tax side and to be honest we dont have a lot of details at this point aside from just a few bullet...

  • NEW HYDE PARK, N.Y. _ Kimco Realty Corp. on Wednesday reported a key measure of profitability in its first quarter. The New Hyde Park, New York- based real estate investment trust said it had funds from operations of $155.8 million, or 37 cents per share, in the period. The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from...

  • Sales of Enbrel, faced with increased competition and slowing growth in the rheumatology and dermatology sectors, dropped 15 percent to $1.18 billion, below Wall Street estimates of about $1.38 billion. Total sales for the quarter fell 1 percent to $5.5 billion, shy of analysts' consensus estimates of $5.6 billion. It raised the low end of its adjusted 2017...

  • The company, which also raised its full-year profit forecast to $1.28- $1.33 per share from $1.26- $1.31, said its board authorized a $5 billion share buyback program. PayPal, which spun off from e-commerce firm eBay Inc in 2015, also agreed to buy Canadian bill payment processor TIO Networks Corp for about $233 million in February. The company's net income rose to...