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Wires

  • RICHMOND, Va. _ WestRock Co. on Wednesday reported fiscal second-quarter profit of $103.1 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. WestRock shares have risen 7 percent since the beginning of the year.

  • SAO PAULO, April 26- Banco Santander Brasil SA posted record first-quarter profit that beat analysts' estimates, reflecting a jump in interest income and the biggest drop in loan-loss provisions in almost five years. The number beat a consensus estimate of 1.63 billion reais compiled by Thomson Reuters. Since taking the helm of Brazil's No. 4 listed bank in...

  • United Tech's net income attributable to common shareholders rose to $1.39 billion in the first quarter ended March 31, from $1.18 billion a year earlier. Earnings per share attributable to common shareholders rose to $1.73 from $1.42. The company's net sales rose 3.4 percent to $13.82 billion.

  • FARMINGTON, Conn. _ United Technologies Corp. on Wednesday reported first-quarter profit of $1.39 billion. United Technologies expects full-year earnings in the range of $6.30 to $6.60 per share, with revenue in the range of $57.5 billion to $59 billion. United Technologies shares have climbed roughly 7 percent since the beginning of the year, while the...

  • SHANGHAI, April 26- China Southern Airlines has signed a deal worth nearly $6 billion to buy 20 aircraft from European planemaker Airbus SE, the Chinese carrier said on Wednesday. China's largest airline by passenger numbers has agreed to buy 20 A350-900 jets, each with a price tag of $298.9 million, it said in a stock exchange filing. China is gearing up for a major...

  • SEATTLE _ Alaska Air Group Inc. on Wednesday reported first-quarter profit of $99 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share. Alaska Air shares have increased 3 percent since the beginning of the year.

  • NEW YORK _ Nasdaq Inc. on Wednesday reported first-quarter earnings of $169 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share. Four analysts surveyed by Zacks expected $593.9 million.

  • PARSIPPANY, N.J. _ Wyndham Worldwide Corp. on Wednesday reported first-quarter net income of $141 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share. Five analysts surveyed by Zacks expected $1.33 billion.

  • SCOTTSDALE, Ariz. _ Magellan Health Services Inc. on Wednesday reported first-quarter profit of $17.7 million. Magellan Health expects full-year earnings to be $3.72 to $4.71 per share, with revenue in the range of $5.8 billion to $6.1 billion. Magellan Health shares have decreased nearly 5 percent since the beginning of the year.

  • DUBLIN _ Ingersoll-Rand PLC on Wednesday reported first-quarter earnings of $117.1 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. Seven analysts surveyed by Zacks expected $2.92 billion.

  • BRUSSELS— The European Union is launching talks with unions and employers to ensure that people's work and living conditions are protected as they turn to alternative jobs like self-driving taxis or fast food deliveries. The EU Commission said Wednesday that debate is needed across the 28 nations as job market changes increase the risk that people might be...

  • The company's net earnings rose to $640 million, or $3.63 per share, in the first quarter ended March 31, from $556 million, or $3.03 per share, a year earlier. Adjusted for pension costs, Northrop's earnings were $3.13 per share, compared with $2.77 a year earlier. Total sales rose 5.2 percent to $6.27 billion.

  • BEIJING, April 26- Profits of Chinese industrial firms grew more than 20 percent in the first quarter from the same period a year ago, a senior official from the country's top economic planner was quoted as saying on Wednesday. Ning told the People's Daily in an interview that market watchers should not be too sensitive to minor fluctuations in China's economic...

  • FALLS CHURCH, Va. _ Northrop Grumman Corp. on Wednesday reported first-quarter net income of $640 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.90 per share. Five analysts surveyed by Zacks expected $6.12 billion.

  • SHANGHAI/ BEIJING, April 26- China says its Silk Road initiative is helping create "a new era of globalisation" open to all, according to a draft communique for a summit next month on the project, as Beijing burnishes its free trade credentials amid protectionist forces elsewhere. Leaders from 28 countries will attend the Belt and Road Forum in Beijing on May 14-15,...

  • SHANGHAI/ BEIJING, April 26- China says its Silk Road initiative is helping create "a new era of globalization" open to all, according to a draft communique for a summit next month on the project, as Beijing burnishes its free trade credentials amid protectionist forces elsewhere. Leaders from 28 countries will attend the Belt and Road Forum in Beijing on May 14-15,...

  • DETROIT, April 26- Tesla Inc has lost its top safety rating from Consumer Reports, which said the electric carmaker failed to install an emergency braking feature that it promised to owners as standard equipment. The magazine, which provides an annual rating of vehicles sold in the United States, said early Tuesday that the Tesla Model S sedan was losing its top...

  • *Spain in the works, France could follow, bankers say. Spain began marketing 10- year inflation-linked bonds on Wednesday, with interest in the deal topping 11 billion euros by 0900 GMT. "Investors typically benchmark EFSF bonds against France, and with rallying after the first round, this was the perfect time to do this deal."

  • April 26- Nasdaq Inc posted a 28 percent rise in quarterly profit as the transatlantic exchange operator benefited from its acquisitions. Nasdaq's net income increased to $169 million, or 99 cents per share, in the first quarter ended March 31, from $132 million, or 78 cents per share, a year earlier. Revenue rose 9.2 percent to $583 million.

  • Gina Miller has raised 300,000 pounds in a week through crowd-funding for a campaign to support tactical voting in Britain's June 8 election. Her group, Best for Britain, said Wednesday it will fund candidates from any party who promise to keep "all options open" for Britain's exit from the European Union and are willing to vote against a bad deal.