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  • NEW YORK, Feb 8- U.S. commodity trader Gerald Group said on Monday it will sell a stake in a subsidiary to a Chinese copper explorer and producer to boost its balance sheet, the latest sign that plunging metals prices are shaking up the global metals landscape. The size of the stake was not disclosed, but Pengxin International Mining Co Ltd will inject equity into...

  • Gonzalez Anaya, who holds degrees in economics and mechanical engineering from MIT and a doctorate in economics from Harvard, was previously head of Mexico's Social Security Institute. He has also worked as an economist for the World Bank and at senior positions in Mexico's Treasury Department. He was replaced as social security chief by Mikel Arriola...

  • VANCOUVER, British Columbia _ NovaCopper Inc. on Monday reported a loss of $2.1 million in its fiscal fourth quarter. The Vancouver, British Columbia- based company said it had a loss of 2 cents per share. For the year, the company reported that its loss narrowed to $9.5 million, or 12 cents per share.

  • The Silicon Valley electric luxury car maker reports results on Wednesday after the close of Wall Street markets. One person not selling is Chief Executive Elon Musk, who exercised options worth about $100 million on Jan. 27 and held the shares. Uncertainty about Tesla's prospects revolves around some short-term concerns and a broader long-term threat from...

  • DALLAS _ Capital Southwest Corp. on Monday reported a fiscal third-quarter loss of $1.1 million, after reporting a profit in the same period a year earlier. Capital Southwest shares have increased slightly since the beginning of the year. Keywords: Capital Southwest, Earnings Report.

  • Twitter Inc., down 82 cents to $14.90. Energy Transfer Equity L.P., down $2.93 to $4.05. The energy company is replacing Jamie Welch as CFO with Thomas Long, currently CFO of affiliate Energy Transfer Partners.

  • MEXICO CITY, Feb 8- Mexico's peso sank on Monday and stocks fell, dragged down by fears of a global economic slowdown and a drop in the price of oil, a key export for Latin America's second-largest economy. Mexico's peso tumbled more than 1 percent to 18.6750 per dollar, slumping for a third straight day toward a recently set record low of 18.80 per greenback.

  • NEW YORK, Feb 8- Facing a hostile Congress in an election year, President Barack Obama will be hard-pressed to push through many of the proposals in his final budget as U.S. leader. Obama's plan to fund an overhaul of the nation's infrastructure through a $10- a-barrel tax on crude oil could also boost engineering and construction firms such as Granite...

  • *Sydney, Hong Kong store owners report sagging business. SYDNEY/ HONG KONG, Feb 9- Watching a lone browser in his Sydney Chinatown shop, Bing Chen is worried business is being squeezed this Lunar New Year by what's ailing the world economy at large- the weakest Chinese economy in 25 years. "Our customers have halved," said Chen, standing by neatly stacked shelves at his...

  • PLYMOUTH, Mich. _ Perceptron Inc. on Monday reported a fiscal second-quarter loss of $1.5 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Plymouth, Michigan- based company said it had a loss of 17 cents. Perceptron shares have decreased 25 percent since the beginning of the year.

  • MECHANICSVILLE, Va. _ Owens& Minor Inc. on Monday reported fourth-quarter net income of $32.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. Owens& Minor expects full-year earnings in the range of $2 to $2.05 per share.

  • ROCHESTER, N.H. _ Albany International Corp. on Monday reported fourth-quarter profit of $37.6 million. On a per-share basis, the Rochester, New Hampshire- based company said it had net income of $1.17. Albany International shares have fallen 13 percent since the beginning of the year.

  • Drug prices jumped about 13 percent in the United States last year, spurring a public outcry and moving the issue onto the campaign platform of Hillary Clinton and other U.S. presidential candidates for the November 2016 election. The agreement applies to Cigna's commercial business and does not apply to its Medicaid or Medicare plans. Entresto, which costs...

  • BELOIT, Wis. _ Regal Beloit Corp. on Monday reported a loss of $19.3 million in its fourth quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share. Regal Beloit expects full-year earnings in the range of $4.80 to $5.20 per share.

  • NEW YORK, Feb 8- Investors pulled $14 million from the Janus Global Unconstrained Bond Fund, run by closely followed investor Bill Gross, in January, according to Morningstar data on Monday. "The fund continues to struggle to bring in new money even as investors sought out fixed-income products in January amid market uncertainty," said Todd Rosenbluth, director of...

  • MCLEAN, Va. _ Gladstone Capital Corp. on Monday reported a fiscal first-quarter loss of $8.7 million, after reporting a profit in the same period a year earlier. Gladstone Capital shares have declined 15 percent since the beginning of the year. Keywords: Gladstone Capital, Earnings Report.

  • PEMBROKE, Bermuda _ PartnerRe Ltd. on Monday reported fourth-quarter net income of $176.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.44 per share. PartnerRe shares have risen slightly since the beginning of the year.

  • *U.S. banks follow European peers lower. Feb 8- U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, although a late rally in energy shares left the market well above its lows of the day. It is down more than 20 percent from its July 2015 high, confirming the sector is in the grip of a bear market.

  • FT. MYERS, Fla. _ AliCo. on Monday reported a fiscal first-quarter loss of $3 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Ft. Myers, Florida- based company said it had a loss of 36 cents. Alico shares have dropped 30 percent since the beginning of the year.

  • BRENTWOOD, Tenn. _ Brookdale Senior Living Inc. on Monday reported a loss of $174.3 million in its fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 58 cents per share. Three analysts surveyed by Zacks expected $1.25 billion.