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Wires

  • MOSCOW, Jan 22- Russian bank VTB has set aside an additional 50 billion roubles to cover potential loan losses and agreed with the central bank to monitor a number of higher risk loans, VTB's chief executive told Reuters. Andrey Kostin's comments show how big Russian banks as well as smaller ones are being scrutinised more closely by the country's central bank,...

  • Jan 22- Wall Street was set to start the week slightly lower as a U.S. government shutdown entered its third day, while investors mulled over a flurry of multi-billion corporate mergers. Juno Therapeutics rose about 27 percent in premarket trading on Monday after Celgene agreed to buy the biotech for about $9 billion in cash. The Senate is set to vote at midday...

  • "Commodity prices are supportive of increasing activity in North America and I am encouraged by the increase in tender activity and the positive discussions we are having with our international customers." Halliburton, which makes about 55 percent of its revenue from North American operations, said revenue rose to $5.9 billion for the quarter ended Dec. 31,...

  • HOUSTON _ Halliburton Co. on Monday reported a loss of $824 million in its fourth quarter. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. Ten analysts surveyed by Zacks expected $5.57 billion.

  • PARIS— French President Emmanuel Macron is hosting 140 world business leaders in a bid to convince them to invest and hire in France. He will visit Monday a Toyota plant in northern France before heading to the evening business event at the chateau of Versailles. Business leaders are stopping in France en route to the World Economic Forum in Davos, Switzerland,...

  • IRVINE, Calif. _ Opus Bank on Monday reported fourth-quarter net income of $1.2 million, after reporting a loss in the same period a year earlier. The bank, based in Irvine, California, said it had earnings of 3 cents per share. Opus Bank shares have increased 5 percent since the beginning of the year.

  • ESZTERGOM, Hungary/ STUROVO, Slovakia, Jan 22- On the euro zone's eastern flank, some Slovaks in the border town of Sturovo wish their country had never opted for the common currency and now head over the Danube to Hungary for the cheaper shopping. Unlike Slovakia, Hungary has stayed out of the currency club, but on its side of the river people in the historic town of...

  • *Shift to longer-acting factor replacement therapies. LONDON, Jan 22- Sanofi is placing a big bet on the $10 billion- a-year haemophilia market at a testing time, as scientific advances overhaul traditional approaches to treating the rare uncontrolled bleeding disorder. The French drugmaker's decision to buy U.S. haemophilia specialist Bioverativ for $11.6...

  • *Shift to longer-acting factor replacement therapies. LONDON, Jan 22- Sanofi is placing a big bet on the $10 billion- a-year hemophilia market at a testing time, as scientific advances overhaul traditional approaches to treating the rare uncontrolled bleeding disorder. The French drugmaker's decision to buy U.S. hemophilia specialist Bioverativ for $11.6...

  • WASHINGTON, Jan 22- Hundreds of thousands of federal workers woke up on Monday with the U.S. government still shut down and the Senate expected to try again to restore federal funding, if only temporarily, and work on resolving a dispute over immigration. Senate Majority Leader Mitch McConnell said late Sunday that an overnight vote on a measure to fund...

  • HONOLULU _ Bank of Hawaii Corp. on Monday reported fourth-quarter earnings of $43 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $1.09 per share. Bank of Hawaii shares have increased 1 percent since the beginning of the year.

  • NEW YORK— Insurer AIG is buying Validus, a provider of reinsurance, primary insurance, and asset management services, in a deal worth approximately $5.56 billion. American International Group Inc. said Monday that it will pay $68 for each share of Validus Holdings Ltd. That's a 45.5 percent premium to the Bermuda company's Friday closing price of $46.72.

  • Jan 22- American International Group on Monday said it would buy property and casualty reinsurer Validus Holdings for $5.56 billion in cash to strengthen its general insurance business. The deal, part of Chief Executive Brian Duperreault's turnaround plan, is expected to immediately add to AIG's earnings per share and return on equity.

  • DAVOS, Switzerland— The founder of the World Economic Forum says he hopes President Donald Trump's planned visit to Davos this week will "provide him even better with a global perspective," and says critics of the U.S. leader should hear him out. The White House has previously said that Trump would detail his "America First" stance— which doesn't always square with...

  • DEWITT, N.Y. _ Community Bank System Inc. on Monday reported fourth-quarter net income of $72 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. Three analysts surveyed by Zacks expected $138.7 million.

  • Jan 22- Halliburton Co reported a wider loss in the fourth quarter, as it set aside $1.05 billion for income tax payments related to recently-passed changes in U.S. corporate taxation. Halliburton, which makes about 55 percent of its revenue from North American operations, said revenue rose to $5.9 billion for the quarter ended Dec. 31, compared with $4.02 billion...

  • LONDON, Jan 22- The recent OPEC- led rally in crude prices is hitting refinery profits hard, flashing warning signs over oil's bull run. Benchmark profit margins in key refining hubs dropped sharply in recent weeks- by over 50 percent in the U.S. Gulf Coast and northwest Europe, Reuters data shows- increasing expectations that some refiners will reduce operating...

  • *Companies globally race to comply with GDPR by May deadline. *Has created flood of work for privacy lawyers, software experts. SAN FRANCISCO, Jan 22- Business is booming for software and privacy experts as companies across the globe spend millions of dollars to comply with a landmark European data protection law, even as many uncertainties remain about how the...

  • LAUNCESTON, Australia, Jan 22- It's getting to the time of year when a seasonal decline in thermal coal prices in Asia is to be expected as winter's demand peak passes- but so far the power station fuel is defying gravity. The price of spot cargoes of thermal coal from Australia's Newcastle port, a regional benchmark, ended at $108.75 a tonne on Jan. 19, within touching...

  • WASHINGTON, Jan 22- Hundreds of thousands of federal workers will wake up on Monday with the U.S. government still shut down and the Senate expected to try again to restore federal funding, if only temporarily, and work on resolving a dispute over immigration. Senate Majority Leader Mitch McConnell said late on Sunday that an overnight vote on a measure to fund...