Wires

More

  • *India, Philippines, Indonesia consider tax on sugary drinks. *British lawmakers debate issue, follows sugar tax in Mexico. Scandinavian countries have had such taxes, with varying degrees of success, for many years, and in 2012, France and Hungary joined the list, followed by Mexico in 2014..

  • TORONTO, Feb 8- Canada's main stock index fell on Monday as weaker crude oil prices and a broader sell-off in risky assets weighed on energy and financial stocks, overshadowing gains for gold stocks. The Toronto Stock Exchange's S&P/TSX composite index was down 127.35 points, or 1.00 percent, at 12,636.64, shortly after the open. Nine of the index's 10 main groups...

  • Feb 8- U.S. stocks opened lower on Monday as technology stocks continued to drag and oil prices fell, amid fears of a global economic slowdown deepening.

  • CAIRO, Feb 8- Egypt is drafting its next budget on the basis of an exchange rate of 8.25 Egyptian pounds to the dollar, weaker than the central bank's official rate, two government sources said on Monday, indicating the monetary authority may be preparing to devalue. Egypt's fiscal year begins in July. "The government has begun preparing the state budget in...

  • "So far, there has been no impact on reservations at TAM... due to the cases of Zika virus in Brazil and in other locations where the airline operates," Chile- headquartered LATAM said. The rapidly spreading Zika virus, suspected to be linked to thousands of birth defects in Brazil, appears to be discouraging some tourists from traveling to Latin America and the...

  • Feb 8- Breast implant maker Sientra Inc said it will resume selling all of its medical devices in the U.S. market from March 1, four months after it suspended sales of its breast implant devices to ensure technical compliance. The company had put a hold on sales of its implants in October, citing some technical compliance issues at Brazilian contract manufacturer...

  • BRIEF-JAGUAR LAND ROVER REPORTS RECORD JANUARY RETAIL CAR. *Jaguar Land Rover reports sales in europe up 65 percent, up 36 in the UK and up 5 percent in China. *Jaguar land rover reports record January retail sales of 46,016 vehicles, up 24 percent on January 2015.

  • JERSEY CITY, N.J. _ Aoxing Pharmaceutical Co. on Monday reported fiscal second-quarter profit of $2.1 million. The Jersey City, New Jersey- based company said it had net income of 3 cents per share. Keywords: Aoxing Pharmaceutical, Earnings Report.

  • DETROIT— U.S. auto safety investigators have determined that electronic gear shifters in some newer Fiat Chrysler SUVs and cars are so confusing that drivers have exited the vehicles while they are in gear, causing 121 crashes and 30 injuries. The National Highway Traffic Safety Administration has doubled the number of vehicles in the investigation to more...

  • Feb 8- Wall Street was set to open lower on Monday, continuing a technology-led selloff from Friday, as fears of a global economic slowdown worsening and dropping oil prices continue to rattle investors. "Equities are in a' go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in...

  • LONDON, Feb 8- Gold hit its highest level since mid-October on Monday, extending its biggest weekly rise since July 2013 as sliding stock markets and global growth uncertainty prompted investors to seek safety in hard assets. Spot gold reached a peak of $1,182.60, its strongest since Oct. 16, and was at $1,178.76 an ounce at 1326 GMT, up 0.5 percent.

  • LOS ANGELES _ Mercury General Corp. on Monday reported fourth-quarter net income of $23.4 million, after reporting a loss in the same period a year earlier. The Los Angeles- based company said it had net income of 42 cents per share. Mercury General shares have dropped 2 percent since the beginning of the year.

  • Feb 8- Activist hedge fund Engaged Capital LLC reported a 14.1 percent stake in Outerwall Inc, the operator of Redbox video rental kiosks. Engaged Capital, which reported the stake as of Feb. 1, said it had bought Outerwall shares based on the belief that they "were undervalued and represented an attractive investment opportunity." Engaged Capital is urging...

  • Feb 8- Sarepta Therapeutics Inc said the U.S. Food and Drug Administration had delayed a decision on its lead drug for a rare muscle-wasting disorder. The FDA has delayed the decision to May 26 from late February, the company said. The agency in late January postponed a meeting of its advisory panel to review Sarepta's drug due to inclement weather forecast for...

  • PASADENA, Calif. _ General Finance Corp. on Monday reported fiscal second-quarter profit of $1 million. General Finance expects full-year revenue in the range of $270 million to $290 million. Keywords: General Finance, Earnings Report.

  • HOUSTON _ Integrated Electrical Services Inc. on Monday reported fiscal first-quarter earnings of $5.8 million. Integrated Electrical Services shares have dropped nearly 5 percent since the beginning of the year. Keywords: Integrated Electrical Services, Earnings Report.

  • *Banks help drive Europe shares to 16- month low. Some U.S. bank shares traded sharply lower in Frankfurt. "The fundamental picture is clearly softening," said Owen Callan, senior analyst at Cantor Fitzgerald.

  • ABIDJAN, Feb 8- More dry and hot weather last week in most of Ivory Coast's main cocoa regions damaged cocoa trees, young flowers and small pods, threatening to delay and reduce the next mid-crop, farmers said on Monday. The dry season in Ivory Coast, the world's top cocoa grower, runs from mid-November to March. The plants need water, "said Salame Kone, who farms in the...

  • "The board is disappointed to have learned of the conduct and lack of appropriate management supervision uncovered as a result of the Audit Committee review," Chairman John Schreiber said in a statement. Brixmor said it had reported the matter to the U.S. Securities and Exchange Commission. The New York- based company named Raider Hill Advisors LLC founder...

  • Feb 8- Miner Tahoe Resources Inc said it would buy Canada's Lake Shore Gold Corp for about C $751 million to add low-cost gold mines in Ontario to its portfolio. Tahoe had also bought smaller rival Rio Alto Mining Ltd in a cash-and-share deal valued at C $1.4 billion last February to expand its presence in Latin America. Lake Shore Gold operates Timmins West and...