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Wires

  • HOUSTON _ Apache Corp. on Thursday reported fourth-quarter net income of $456 million, after reporting a loss in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share. Six analysts surveyed by Zacks expected $1.54 billion.

  • MOSCOW, Feb 22- Otkritie Bank needs more capital from the central bank despite an $8 billion rescue package last year, the Russian lender's new chief executive Mikhail Zadornov told Reuters. Trust Bank, owned by Otkritie, and B&N Bank, which is merging with Otkritie, are expected to receive more bail-out money from the central bank's Banking Sector Consolidation...

  • *Qatar Islamic Bank tumbles as it goes ex-dividend. *Qatar's Commercial Bank jumps after agreeing to sell UAB stake. DUBAI, Feb 22- Dubai blue chip Emaar Properties continued to rebound in heavy trade on Thursday but regional stock markets were mostly lackluster, partly because of weak global bourses and oil prices.

  • ATHENS, Greece _ Diana Shipping inc. on Thursday reported a loss of $436.9 million in its fourth quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share. Seven analysts surveyed by Zacks expected $44 million.

  • FRANKFURT, Germany— The minutes to the last policy meeting of the European Central Bank suggest that policymakers could indicate as soon as March that they are mulling an earlier end to their stimulus program. According to the minutes to the Jan 25 meeting published Thursday, policymakers said the "language pertaining to the monetary policy could be revisited...

  • COMMERCE SECRETARY ROSS SAYS 7/ 8 THERE NEEDS TO BE RULES FOR POLICING DEBRIS IN SPACE- CNBC INTERVIEW. *ROSS SAYS 7/ 8 HAS "NO IDEA" WHEN TRUMP WILL MAKE DECISION OVER STEEL, ALUMINUM TRADE- CNBC INTERVIEW. *ROSS SAYS 7/ 8 RAISING FEDERAL GASOLINE TAX REMAINS ON THE TABLE AS POSSIBLE WAY TO FUND INFRASTRUCTURE- CNBC.

  • ARLINGTON, Va., Feb 22- U.S. Secretary of Agriculture Sonny Perdue said on Thursday the government wants a separate immigration program for agricultural workers. Speaking on the first day of the annual USDA Agricultural Outlook Forum, he said agriculture is caught in the crossfire of the immigration debate.

  • ROSS SAYS RAISING FEDERAL GASOLINE TAX REMAINS ON THE TABLE AS POSSIBLE WAY TO FUND INFRASTRUCTURE- CNBC.

  • Newmont, which has mines in the Americas, Africa and Australia, said fourth-quarter gold output nudged 1.4 percent higher to 1.34 million ounces, matching Barrick's performance, as prices rose 6.5 percent to $1,270 per ounce. Newmont, which ended the quarter with $3.3 billion cash on hand, reported adjusted profit of 40 cents per share, above analysts' average...

  • WALTHAM, Mass. _ Repligen Corp. on Thursday reported fourth-quarter profit of $12.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share. Repligen expects full-year earnings in the range of 68 cents to 72 cents per share, with revenue in the range of $180 million to $186 million.

  • ROSS SAYS HAS "NO IDEA" WHEN TRUMP WILL MAKE DECISION OVER STEEL, ALUMINUM TRADE- CNBC INTERVIEW.

  • BUFFALO, N.Y. _ Gibraltar Industries Inc. on Thursday reported fourth-quarter net income of $25.2 million, after reporting a loss in the same period a year earlier. Gibraltar Industries expects full-year earnings in the range of $1.96 to $2.08 per share. Gibraltar Industries shares have dropped 4 percent since the beginning of the year.

  • CAPE TOWN/ LONDON, Feb 22- South African bonds stayed in demand on Thursday as markets priced in expectations that government efforts to reduce the country's large debt pile will enable it hang on to its last investment grade rating in a Moody's review due soon. In a budget announced on Wednesday, Africa's most industrialised economy took the politically risky...

  • COMMERCE SECRETARY ROSS SAYS THERE NEEDS TO BE RULES FOR POLICING DEBRIS IN SPACE- CNBC INTERVIEW.

  • LONDON, Feb 22- Highly intelligent people may be more rather than less likely to succumb to motivated reasoning, cherry-picking evidence to reinforce their existing beliefs and ignoring contradictory data. Many of the most important issues in the energy world, including the impact of OPEC on oil prices, climate change, the transition to clean energy, the future...

  • LEIPZIG, Germany, Feb 22- A German court will rule on Thursday whether major cities can ban heavily polluting diesel cars, potentially hitting the resale value of 15 million vehicles in Europe's largest car market and forcing automakers to pay for costly modifications. Germany has long promoted diesel to help cut carbon dioxide emissions and meet climate...

  • LONDON, Feb 22- The dollar inched up to a 10- day high on Thursday after minutes from the U.S. European Central Bank policymakers meeting last month felt it was too early to change their communication stance to signal a normalisation of policy, even if confidence was growing that inflation would finally rise back to target, minutes showed on Thursday.

  • The telecoms business, France's third-biggest mobile operator which Bouygues failed to merge with market leader Orange in 2016, enjoyed profitable growth with a free cash flow target of 300 million euros in 2019.. Bouygues, which also builds roads and owns France's biggest private TV company, TF1, said 2017 current operating profits rose to 1.420 billion...

  • NORWALK, Conn. _ Emcor Group Inc. on Thursday reported fourth-quarter profit of $53.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share. Emcor Group expects full-year earnings to be $4.10 to $4.70 per share, with revenue in the range of $7.6 billion to $7.7 billion.

  • The Irish firm, which counts U.S.-based Delta Air Lines Inc and Abu Dhabi's Etihad Airways among its customers, posted profit after tax of $550 million, compared with $345 million in 2016.. This comes about a month after Chief Executive Domhnal Slattery said the company was adequately protected, seeking to dispel concerns about the risk of being stripped for...