Wires

  • LONDON, Jan 24- Britain's BT cut its revenue, earnings and free cash flow forecasts for 2017 and 2018 on Tuesday after finding that inappropriate accounting behaviour in its Italian business went far deeper than previously thought. BT, which had announced an initial investigation into historical accounting practices in Italy in October, said a review had...

  • BUCHAREST, Romania— Dan Adamescu, one of Romania's richest and controversial businessmen serving a prison sentence for bribery, has died. Daughter-in-law Adriana Constantinescu told Romania TV that Adamescu died Tuesday in a private hospital where he had been transferred from prison for treatment for an infection. In May, Adamescu was sentenced to four...

  • ABU DHABI, Jan 24- The longtime chief executive of Abu Dhabi's Etihad Aviation Group, which owns one of the Middle East's top airlines, will leave this year as the group reviews its strategy in a challenging market, Etihad said on Tuesday. James Hogan will step down as president and CEO of the group in the second half of 2017. Chief financial officer James Rigney will...

  • *Growth in Germany offsets currency-hit U.S. business. WALLDORF, Germany, Jan 24- SAP, Europe's most valuable technology firm, on Tuesday posted 2016 results on the lower side of analysts' expectations, while edging up its 2017 sales and profit guidance and signaling slightly higher revenue ambitions four years out. These results were on the light side of...

  • DUBAI, United Arab Emirates— Etihad Airways' parent company says its chief executive is leaving following a multi-year buying spree that saw the Mideast carrier snap up stakes in airlines from Europe to Australia. The Abu Dhabi- based airline gave no reason on Tuesday for James Hogan's departure. The development follows speculation about Hogan's possible...

  • TOKYO, Jan 24- Japanese stocks declined on Tuesday as U.S. President Donald Trump's protectionist policy stance rattled investors while banks led the losses on sliding U.S. and global bond yields. Bank shares shed 2.3 percent, posting the biggest fall among the Tokyo Stock Exchange's 33 industry subindexes, while exporters also were knocked by the yen's rise to...

  • TOKYO— Asian shares were mixed Tuesday as uncertainty mounted over U.S. Benchmarks rose in Taiwan, Singapore and Indonesia, but fell in the Philippines. SAMSUNG NEWS: Samsung Electronics gained nearly 0.3 percent after reporting fourth-quarter profit more than doubled from a year earlier on strong memory-chip and smartphone sales, despite its costly Galaxy...

  • WALLDORF, Germany, Jan 24- SAP, Europe's most valuable technology firm, on Tuesday posted 2016 results on the lower side of analysts' expectations, while nudging up its 2017 sales and profit guidance and signaling slightly higher revenue ambitions four years out. These results were on the light side of estimates ranging from 2.28- 2.60 billion euros, according to a...

  • NEW YORK, Jan 24- Some prominent U.S. fund managers are betting that former President Barack Obama's signature healthcare law will not undergo the widespread changes that President Donald Trump promised on the campaign trail. "They may do enough to try to rebrand it as Trumpcare, but I just don't think it will be that dramatically different from what we have today,"...

  • JAKARTA, Jan 24- Goldman Sachs filed a $1 billion counter lawsuit on Tuesday against an Indonesian businessman who is seeking damages from the U.S. bank for conducting what he called "unlawful" trades in the shares of a property firm. Benny Tjokrosaputro, president director of Indonesian property developer PT Hanson International Tbk, filed a lawsuit in a...

  • *Scope for Indonesia, China to join reformulated deal- Australia. WELLINGTON/ TOKYO, Jan 24- Australia and New Zealand said on Tuesday they hope to salvage the Trans-Pacific Partnership by encouraging China and other Asian nations to join the trade pact after U.S. Fulfilling a campaign pledge, Trump signed an executive order in the Oval Office on Monday pulling...

  • NEW YORK— Shia LaBeouf wants you to know: "He will not divide us." For the first few days of Donald Trump's presidency, the actor has been repeating that sentence into a live camera mounted on a wall outside a New York City museum, usually with a backdrop of everyday New Yorkers chanting and singing along. The livestream from outside the Museum of the Moving Image in...

  • PHILADELPHIA— Despite a threat from cable giant Comcast to take legal action, Philadelphia has banned employers from asking potential hires to provide their salary history, a move supporters say is a step toward closing the wage gap between men and women. "I know that Comcast and the business community are committed to ending wage discrimination, and I'm...

  • PHILADELPHIA— The restaurateurs behind a popular doughnuts and fried chicken chain in Philadelphia have found a valuable use for their discarded chicken backs: making soup for charity. All proceeds after expenses will benefit Broad Street Ministry, a local nonprofit serving the hungry and homeless. Since 2005, Broad Street Ministry has provided services...

  • PEMBERTON, N.J.— A hotly contested plan to run a natural gas pipeline through New Jersey's federally protected Pinelands preserve is getting a do-over. A public hearing on the proposal by South Jersey Gas to build the pipeline will be held Tuesday in Pemberton. The New Jersey Pinelands Commission rejected the plan in 2014.

  • *Dollar takes early dip in Asia on Mnuchin comments, lower yields. *Sterling firm ahead of UK court ruling on Brexit vote. SYDNEY, Jan 24- The dollar struggled in Asia on Tuesday as U.S.

  • SACRAMENTO, Calif.— Businesses looking to invalidate California's fee for carbon pollution take their arguments to a state appeals court Tuesday in a case that could determine the future of one of California's signature efforts to combat climate change. The courtroom battle comes as California's climate initiatives, some of the most aggressive in the world,...

  • DUBAI, United Arab Emirates— Dubai remains home to the world's busiest international airport after seeing 83.6 million passengers in 2016.. However, the figures released on Tuesday by Dubai International Airport fall short of an estimate of 85 million passengers authorities had hoped to have. Griffiths says that figure would show Dubai is "closing the gap on...

  • It would create mayhem with their profitability, "said Marina Whitman, a business professor at the University of Michigan and a former vice president at General Motors Co.. Trump will be hosting a breakfast meeting Tuesday with the heads of General Motors, Ford Motor Co. and Fiat Chrysler Automobiles. For more than two decades, Mexico has been an oasis for the auto...

  • Frederiek Toney, president of Ford's customer service division, said the global business for automotive parts, which is now estimated at more than $500 billion, and service will expand by 70 percent in the next six years or so. At first, Omnicraft parts will be sold at Ford and Lincoln dealerships, of which there are 3,200 in the United States and 10,500 globally.