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Wires

  • The bank will increase wages for 22,000 employees by an average of 10 percent, ranging from between $15 and $18 per hour, hire 4,000 employees and open up to 400 Chase branches in new cities, it said. http://reut.rs/2n4C0xj.

  • NEW YORK, Jan 23- Verizon Communications Inc reported an increase in quarterly profit, helped by tax reform and phone subscriber additions. Net income attributable to Verizon was $18.7 billion, or $4.56 per share, in the fourth quarter ended Dec. 31, up from $4.5 billion, or $1.10 a share, in the year earlier period. Verizon said it added 431,000 phone subscribers who...

  • CINCINNATI _ Procter& Gamble Co. on Tuesday reported fiscal second-quarter net income of $2.5 billion. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share. Seven analysts surveyed by Zacks expected $17.34 billion.

  • MILFORD, Mass. _ Waters Corp. on Tuesday reported a fourth-quarter loss of $353.2 million, after reporting a profit in the same period a year earlier. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.44 per share. Eight analysts surveyed by Zacks expected $671 million.

  • DAVOS, Switzerland, Jan 23- Protectionism is gaining ground and globalisation is losing its appeal, but India is open for business, Indian Prime Minister Narendra Modi told the World Economic Forum on Tuesday. Modi is leading a big government and business delegation to the summit in Davos, the first Indian prime minister do so in 21 years, aiming to showcase India...

  • DAVOS, Switzerland, Jan 23- Protectionism is gaining ground and globalization is losing its appeal, but India is open for business, Indian Prime Minister Narendra Modi told the World Economic Forum on Tuesday. Modi is leading a big government and business delegation to the summit in Davos, the first Indian prime minister do so in 21 years, aiming to showcase India...

  • COLUMBUS, Ga. _ Synovus Financial Corp. on Tuesday reported fourth-quarter earnings of $29.6 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share. Seven analysts surveyed by Zacks expected $338.7 million.

  • DUBLIN, Jan 23- The head of the aviation leasing arm of China Development Bank said on Tuesday that HNA Group has solid airline operations and it would serve nobody's interest to see the group collapse. "CDB has the highest exposure of anyone in this case, so we are involved in discussing with them," CEO Peter Chang told the Airline Economics conference in Dublin.

  • Jan 23- Property and casualty insurer Travelers Cos Inc reported a 42 percent fall in fourth-quarter profit on Tuesday, hurt by catastrophe losses stemming from the California wildfires and a one-time charge due to the new federal tax law. The Dow-30 company's pretax catastrophe losses, net of reinsurance, more than tripled to $499 million from $137 million a...

  • Jan 22- Investors are getting a high-octane way to bet on or against the stock market's technology leaders. A new product aims to let investors triple the return of 10 stocks, including the so-called FANG stocks- Facebook Inc, Amazon.com Inc, Netflix Inc and Google parent Alphabet Inc.. The BMO REX MicroSectors FANG+ Index 3 X Leveraged Exchange Traded Note starts...

  • *GRAPHIC: China seaborne iron ore imports vs SGX price: http://reut.rs/2DWLToF. On the bearish side, port inventories in top importer China are at a record high of 154.3 million tonnes, steel prices are starting to weaken as China's vast property sector shows signs of easing growth, and supply from major exporters Australia and Brazil is expected to increase.

  • Jan 22- Bacardi has agreed to buy out Patron Spirits International in a deal valuing the top high-end tequila maker at $5.1 billion, highlighting the appetite big drinks groups have for the Mexican spirit. The deal comes days after Pernod Ricard bought out Avion Tequila and months after Diageo bought George Clooney's Casamigos tequila for up to $1 billion.

  • NEW BRUNSWICK, N.J. _ Johnson& Johnson on Tuesday reported a fourth-quarter loss of $10.71 billion, after reporting a profit in the same period a year earlier. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share. Johnson& Johnson expects full-year earnings in the range of $8 to $8.20 per share, with revenue...

  • PALO ALTO, Calif.— Elon Musk will remain at Tesla under a 10- year, all-or-nothing pay package that demands massive growth. The agreement, revealed Tuesday in a regulatory filing, requires that Tesla grow in $50 billion leaps, to a staggering $650 billion market capitalization. To put those demands in perspective, the electric car maker, based in Palo Alto,...

  • HAMBURG, Jan 23- Chicago soybeans were firm on Tuesday, hovering near the highest in about five weeks hit the previous session because of possible soy crop losses in Argentina, while wheat and corn fell. "Soybeans are being supported again by the fear that dryness could threaten the soybean crop in Argentina," said Matt Ammermann, commodity risk manager at INTL...

  • Jan 23- Johnson& Johnson reported a huge quarterly loss on Tuesday, as the healthcare company booked $13.6 billion in charge related to the new U.S. tax law passed in December. The company's net loss was $10.71 billion, or $3.99 per share, in the fourth quarter, compared with a profit of $3.81 billion, or $1.38 per share, a year earlier. Sales rose to $20.20 billion from...

  • TROY, Mich. _ Flagstar Bancorp Inc. on Tuesday reported a fourth-quarter loss of $45 million, after reporting a profit in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. Four analysts surveyed by Zacks expected $220.1 million.

  • *Spain bond yields hit 7- month low. *Over 45 bln euros in demand for Spain's new 10- year bond. LONDON, Jan 23- The premium investors demand for holding Spanish bonds over benchmark German peers fell to its lowest level since 2010 on Tuesday as recent ratings upgrades for Spain and Greece, and solid demand at Spanish bond sale, bolstered sentiment.

  • LONDON, Jan 23- Gold prices rose on Tuesday as the dollar weakened to near three-year lows, but an end to the uncertainty created by a three-day U.S. government shutdown capped gains. percent to a near one-week high of $1,336.68 per ounce at 1126. climbed 0.3 percent to $1,335.70 per ounce.

  • NEW YORK— For Elon Musk, a 10- year, all-or-nothing pay package that demands massive growth at Tesla.