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Wires

  • SANTA MONICA, Calif. _ Jakks Pacific Inc. on Thursday reported a loss of $30.4 million in its fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share. Three analysts surveyed by Zacks expected $155.9 million.

  • HELSINKI, Feb 22- Angry Birds game maker Rovio Entertainment warned that profitability would fall short of forecasts, halving its share price and leaving investors in the Finnish company nursing big losses after a flotation last September. Its shares crashed 49.7 percent to 4.9 euros by 1540 GMT, way below the IPO price of 11.50 euros. However, these figures were...

  • Feb 22- Canada's main stock index was little changed on Thursday as investors took in a raft of corporate earnings and as resource-related shares benefited from a rise in commodity prices. *At 10:15 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 20.68 points, or 0.13 percent, at 15,544.69. *Magna International Inc provided one of the biggest...

  • JERSEY CITY, N.J. _ Bel Fuse Inc. on Thursday reported a fourth-quarter loss of $20.8 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Jersey City, New Jersey- based company said it had a loss of $1.66. Bel Fuse shares have dropped 24 percent since the beginning of the year.

  • MOSCOW, Feb 22- Novatek is interested in Saudi Aramco joining the Arctic LNG-2 plant as a partner, the Russian gas producer's head Leonid Mikhelson said on Thursday, highlighting growing ties between Russia and Saudi Arabia. Russian President Vladimir Putin said at the time of Yamal LNG launch in December, that Russia would like to sell its gas to Saudi Arabia.

  • GRAND DUCHY OF LUXEMBOURG, Luxembourg _ Altisource Portfolio Solutions SA on Thursday reported fourth-quarter net income of $286.4 million, after reporting a loss in the same period a year earlier. The Grand Duchy Of Luxembourg, Luxembourg- based company said it had profit of $15.72 per share. For the year, the company reported profit of $308.9 million, or $16.53...

  • PHOENIX _ Sprouts Farmers Market Inc. on Thursday reported fourth-quarter net income of $39.7 million. The Phoenix- based company said it had net income of 29 cents per share. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

  • ZURICH, Feb 22- UBS Chief Executive Sergio Ermotti expects to hand over to a colleague when he calls it quits atop Switzerland's biggest bank, he said in a magazine interview. Chairman Axel Weber let it be known last year that he planned to stay on until 2022, with Ermotti as his CEO. UBS co-heads of wealth management Martin Blessing and Tom Naratil, investment...

  • DETROIT, Feb 22- United Parcel Service Inc on Thursday said it would partner with truck maker Workhorse Group Inc to build an all-new electric van for the package delivery company's fleet. Chanje Chief Executive Officer Bryan Hansel said FDG has spent five years and $1 billion developing the vehicle and has annual production capacity of 100,000 units from its...

  • DETROIT, Feb 22- United Parcel Service Inc on Thursday said it would partner with truck maker Workhorse Group Inc to build an all-new electric van for the package delivery company's fleet. Chanje Chief Executive Officer Bryan Hansel said FDG has spent five years and $1 billion developing the vehicle and has annual production capacity of 100,000 units from its...

  • 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...

  • WILMINGTON, Del. _ InterDigital Inc. on Thursday reported fourth-quarter earnings of $52.5 million. On a per-share basis, the Wilmington, Delaware- based company said it had profit of $1.48. For the year, the company reported profit of $174.3 million, or $4.87 per share.

  • ATHENS, Greece _ StealthGas Inc. on Thursday reported fourth-quarter net income of $748,000, after reporting a loss in the same period a year earlier. The Athens, Greece- based company said it had profit of 2 cents per share. For the year, the company reported that its loss narrowed to $1.2 million, or 3 cents per share.

  • TOKYO/ GENEVA, Feb 22- A World Trade Organization ruling on Thursday largely upheld a Japanese complaint against South Korea's import bans and additional testing requirements imposed on Japanese seafood because of the 2011 Fukushima nuclear disaster.

  • Feb 22- U.S. drugmaker Gilead Sciences Inc will use Sangamo Therapeutics Inc's gene-editing technology to develop cancer treatments in a deal potentially worth about $3 billion to Sangamo, the companies said on Thursday. Shares of California biotech firm Sangamo jumped more than 20 percent to a 17- year high of $27.30 on Thursday morning.

  • Santee Cooper's board will meet Friday and authorize maintaining and preserving the site, according to acting chairman William A. Finn's letter to McMaster. Santee Cooper and SCANA subsidiary South Carolina Electric& Gas Co. abandoned the project last summer following the bankruptcy of lead contractor Westinghouse. McMaster is also trying negotiate a...

  • *U.S. weekly jobless claims fall more than expected. Feb 22- Wall Street's main indexes rose on Thursday, led by gains in technology and industrial shares as investors looked past fears of more interest rate hikes this year. However, comments from St Louis Fed President James Bullard earlier in the day appeared to have eased some of those concerns and the benchmark...

  • RICHMOND, Calif. _ Sangamo Therapeutics Inc. on Thursday reported a loss of $13.1 million in its fourth quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share. Three analysts surveyed by Zacks expected $11.3 million.

  • WASHINGTON _ FTI Consulting Inc. on Thursday reported fourth-quarter net income of $66.9 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. FTI Consulting expects full-year earnings to be $2.35 to $2.65 per share, with revenue in the range of $1.83 billion to $1.88 billion.

  • Televisa said it will eventually bring the content to free and cable networks in Mexico as well as the United States through Univision, the largest U.S.-based Spanish-language network. The partnership is expected to help Amazon as it seeks to improve its position in Mexico and Latin America more broadly. The tech giant has invested heavily in Mexico, opening a...