Wires

More

  • NEW YORK, Feb 11- After a brutal selloff that sent shares of small companies reeling, some investors have been starting to come back selectively to some of those stocks, but for the group as a whole, recovery could take a while. The index is down 27 percent from its June 2015 high and three quarters of the companies in that index have lost at least 20 percent, which puts...

  • *Treasury sells $15 billion of 30- year bonds at auction. NEW YORK, Feb 11- U.S. "In our view there is a mini-financial crisis impacting Treasury prices," said Bo Christensen, chief analyst at Danske Invest in Copenhagen, Denmark.

  • TORONTO, Feb 11- Fiat Chrysler Automobiles said on Thursday at a Toronto auto show that it has invested C $3.7 billion since September 2014 and created 1,200 jobs in Canada to develop and produce its Pacifica minivan. The Pacifica, which is also being developed as Fiat Chrysler's first hybrid minivan, is in the early production stages at the company's plant in...

  • The end of a nearly six-week-long standoff at an Oregon wildlife refuge played out live on the Internet, with tens of thousands of people listening as supporters encouraged the last armed occupiers to surrender. Fry's friend, a Nevada lawmaker, a Christian lawyer and a reverend tried to calm him and the others between Wednesday night and Thursday.

  • Cisco shares rose 10 percent on Thursday, bucking the overall market after it set a profit target in line with Wall Street expectations despite the weaker spending it noted around the world by businesses. The company also cut targets three months ago, moderating Wall Street expectations. "This was really a litmus test for all of IT spending," said Sun Trust analyst...

  • WASHINGTON, Feb 11- Christine Lagarde was virtually assured a second term leading the International Monetary Fund on Thursday when nominations for the job closed with no challengers. The U.S. Treasury Department supported her re-appointment, adding to earlier endorsements and other signals of support from China, Germany, Britain, France, Italy and Mexico.

  • WORLD BANK SAYS BOARD APPROVES $2.5 BLN IN NEW CREDIT LINES TO PERU TO HELP CUSHION ECONOMIC, ENVIRONMENTAL SHOCKS.

  • NEW YORK, Feb 11- Goldman Sachs Group Inc has reached a $27.5 million settlement of a class-action lawsuit accusing it of defrauding investors in subprime mortgage offerings that some U.S. senators faulted after investigating causes of the 2008 financial crisis. The preliminary settlement was filed on Thursday in Manhattan federal court, and requires a...

  • MEXICO CITY, Feb 11- The Mexican peso slumped to a record low on Thursday while Colombia's peso also hit its weakest level ever as investors dumped riskier assets around the world. Both Mexico and Colombia are major crude producers, but Mexico depends much less on oil exports as it ships mostly factory-made goods. Colombia's peso shed more than 1.4 percent to...

  • DETROIT, Feb 11- Group 1 Automotive Inc Chief Executive Officer Earl Hesterberg said on Thursday the auto dealer group will cut orders for new vehicles as it looks to trim excess inventory. The excess inventory was most acute for luxury cars from BMW and Daimler AG's Mercedes-Benz in the oil patch of Texas and Oklahoma, Hesterberg told Reuters in an interview...

  • A trip to a resort in the Dominican Republic was intended "to get everybody in the same location" for team-building, R&R and casual facetime, said Parse.ly CEO Sachin Kamdar. In the past, Parse.ly had held retreats in Montreal, upstate New York, Savannah, Georgia and Florida, For this year, they offered a sales incentive to upgrade to the trip to a Caribbean destination...

  • District Judge Jed Rakoff in Manhattan declined to dismiss the case against Anthony Allen and Anthony Conti, the former traders, who argued that their rights against self-incrimination were violated.

  • Feb 11- Google is developing a virtual reality headset that works without a smartphone or computer, The Wall Street Journal reported, citing people familiar with the matter. The headset will include a screen, high-powered processors and outward-facing cameras, the Journal reported, citing one person. Alphabet Inc's Google currently sells a virtual reality...

  • LOS ANGELES, Feb 11- Breaking a long silence, a politically connected Chinese businessman living in the United States has denied through his attorney that he handed over Chinese state secrets, including launch codes for nuclear weapons, to U.S. authorities. His case has generated intense interest in China and the U.S. because of the access Ling Wancheng's...

  • DUBLIN— Ireland's largest newspaper group says its reporters covering the Dublin gang war are receiving death threats from criminals because of their work. Thursday's reported threats against two unidentified journalists from Independent News and Media come nearly 20 years after a crime reporter for the group's Sunday Independent newspaper, Veronica...

  • FIAT CHRYSLER CONFIRMS INVESTMENT OF C $3.7 BILLION, 1,200 JOBS IN CANADA FOR PACIFICA MINIVAN.

  • ALBANY, N.Y.— New York regulators say Saint-Gobain Performance Plastics and Honeywell International are required to pay for the investigation and cleanup of a toxic chemical in an upstate village's drinking water. It was formerly owned by Honeywell predecessor AlliedSignal Laminated Systems. New Jersey- based Honeywell noted the companies' voluntary...

  • NEW YORK, Feb 11- Jeffrey Gundlach, the co-founder and chief executive officer of DoubleLine Capital, said on Thursday that gold prices are likely to reach $1400 an ounce as investors lose faith in central banks. Federal Reserve Chair Janet Yellen suggested the U.S. central bank could turn to negative interest rates in an economic downturn despite legal and...

  • DISTRICT JUDGE JED RAKOFF IN MANHATTAN RULES AGAINST EX-TRADERS ANTHONY ALLEN AND ANTHONY CONTI.

  • JUDGE REJECTS BID BY FORMER RABOBANK TRADERS TO DISMISS LIBOR MANIPULATION CASE--RULING.