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Wires

  • Computer-driven hedge fund firm AQR Capital Management, which follows market patterns using algorithms, was set to make the biggest gain, with a paper profit of 5.86 million pounds, based on a share price of 89 pence as of 0930 GMT. Ten hedge funds had outstanding shorts in AA above 0.5 percent, the level above which European regulators require disclosure, the most...

  • *Increases dividend to 0.70 euro/ share for 2018. PARIS, Feb 21- Orange's high investments started to bear fruit in France last year, capping a challenging period for the telecom operator in the face of a price war waged by younger rival Iliad in its home market. Chief Executive Richard told analysts that the group had no plans to merge with a rival in Germany or expand...

  • FRANKFURT, Feb 21- Volkswagen has agreed to raise the wages of around 120,000 workers in Germany by 4.3 percent from May, resolving a dispute that had prompted its first strikes since 2004.. The deal announced by Europe's largest carmaker and labour union IG Metall on Wednesday includes a 100- euro one-off payment, improvements to VW's corporate pension scheme...

  • LONDON, Feb 21- The recent surge in market volatility, by some measures one of the most dramatic on record, will have zero impact on investor returns beyond a few months. In fact, the turbulence that wiped $4 trillion off the value of world stocks earlier this month is already fading. The long-term average rate for the VIX, also dubbed Wall Street's "fear index," is 20...

  • *2017 EBIT 492 mln euros vs forecast 481 mln euros. *Brazil still difficult, but trends improved in Q4. PARIS, Feb 21- AccorHotels' long-delayed sale of a stake in its property business is in its final stages, Europe's largest hotel company said on Wednesday, after reporting record 2017 earnings.

  • NASHVILLE, Tenn. _ MedEquities Realty Trust Inc. on Wednesday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in Nashville, Tennessee, said it had funds from operations of $9.8 million, or 31 cents per share, in the period. The average estimate of five analysts surveyed by Zacks Investment Research was for...

  • DALLAS _ HollyFrontier Corp. on Wednesday reported fourth-quarter net income of $521.1 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share. Four analysts surveyed by Zacks expected $4.31 billion.

  • *Underperforming UK Logistics business non-core. *Bidcorp wants to scale down in UK Logistics. JOHANNESBURG, Feb 21- Bid Corporation Ltd, an international food distributor, is considering an offer for its UK transport business as it looks to focus on its core operations.

  • *Copper down 0.6 percent at $7,046. LONDON, Feb 21- Copper hit a one-week low on Wednesday as risk appetite ebbed, with global equities and oil down as investors moved into the safety of the dollar ahead of the release of the minutes from the U.S. "There are still good indications that inflation might edge up and force the Fed to hike more than three times," said Peter...

  • Feb 21- U.S. oil refiner HollyFrontier Corp reported a rise in fourth-quarter profit on Wednesday, as the recent changes in the U.S. tax laws reduced income taxes by about $307 million. The company's net profit attributable to shareholders rose to $521.1 million, or $2.92 per share, in the quarter ended Dec. 31, from $53.2 million, or 30 cents per share, a year earlier.

  • ROANOKE, Va. _ Advance Auto Parts Inc. on Wednesday reported fourth-quarter net income of $184.5 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share. Advance Auto Parts expects full-year revenue in the range of $9.1 billion to $9.4 billion.

  • Net income attributable to Dish rose to $1.39 billion, or $2.64 per share, in the quarter ended Dec. 31 from $355 million, or 73 cents per share, a year earlier. Revenue fell to $3.48 billion from $3.75 billion. Dish said pay-TV subscribers rose by about 39,000 on a net basis, including 75,000 reactivations in Puerto Rico and the U.S. Virgin Islands.

  • SILVER SPRING, Md. _ United Therapeutics Corp. on Wednesday reported fourth-quarter earnings of $19 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.77 per share. Six analysts surveyed by Zacks expected $415.8 million.

  • SPOKANE, Wash. _ Avista Corp. on Wednesday reported fourth-quarter earnings of $27.6 million. On a per-share basis, the Spokane, Washington- based company said it had net income of 42 cents. For the year, the company reported profit of $115.9 million, or $1.79 per share.

  • ZURICH, Feb 21- Swiss financial watchdog FINMA said on Wednesday it is investigating several Swiss banks over whether they followed anti-money laundering rules amid a widening $1 billion graft probe involving Venezuela's state oil company. A U.S. federal indictment this month accused five former Venezuelan officials of soliciting bribes to help vendors...

  • FREDERICK, Md. _ U.S. Silica Holdings Inc. on Wednesday reported fourth-quarter net income of $72 million, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. Seven analysts surveyed by Zacks expected $359.2 million.

  • MUNICH, Feb 21- MTU Aero Engines' forecast for a moderate rise in core profit this year hinges on a quick fix to problems with engines for Airbus's A320neo jet, the German company said on Wednesday, after reporting record 2017 results. MTU's shares were down 3.4 percent at 136.60 euros, among the top fallers on the MDAX index for German mid-caps.

  • Feb 21- Dish Network Corp reported a jump in fourth-quarter profit on Wednesday due to a benefit of about $1.2 billion related to changes in U.S. tax laws. Net income attributable to Dish rose to $1.39 billion, or $2.64 cents per share, in the quarter ended Dec. 31 from $355 million, or 73 cents per share, a year earlier. The U.S. satellite and internet TV provider said...

  • About 40 percent of people shopping for a new car in 2018 will have a vehicle to trade in, according to Edmunds transaction data. And it's safe to say that 100 percent of those people will want to get as much money as possible for that trade-in. But while most shoppers have some sort of strategy for getting a good deal when they're buying a car, they may not have a plan to...

  • In eight U.S. cities, the ride-hailing company is rolling out a service called " Express Pool," which links riders in the same area who want to travel to similar destinations. Depending on time of day and metro area, Express Pool could cost up to 75 percent less than a regular Uber ride and up to half the cost of Uber's current shared-ride service called Pool, said Ethan...