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  • BERLIN, Feb 21- European fashion giants H&M and C&A, as well as technology company 3 M, are looking into a report in the Financial Times alleging that inmates of a Chinese prison made packaging used by the companies. C&A's chief sustainability officer Jeffrey Hogue said the privately-held company owned by Swiss-based Cofra Holding AG took the allegations very...

  • BERLIN, Feb 21- European fashion giants H&M and C&A, as well as technology company 3 M, are looking into a report in the Financial Times alleging that inmates of a Chinese prison made packaging used by the companies. C&A's chief sustainability officer Jeffrey Hogue said the privately-held company owned by Swiss-based Cofra Holding AG took the allegations very...

  • The group now has 40 million euros in sales, and 16 boutiques in China, Singapore and Macao, as well as some airport outlets. The entrepreneur, who owns Italian brands that make leisure wear, aims to open "a couple" of European shops in the next years, ideally Milan, Paris and London. Production of clothes and accessories has been moved to Italy while that of homeware...

  • HOLMDEL, N.J. _ Vonage Holdings Corp. on Wednesday reported a fourth-quarter loss of $55.3 million, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share. Vonage expects full-year revenue in the range of $1.03 billion to $1.05 billion.

  • CAMBRIDGE, Mass. _ Momenta Pharmaceuticals Inc. on Wednesday reported fourth-quarter earnings of $13.8 million. On a per-share basis, the Cambridge, Massachusetts- based company said it had profit of 18 cents. For the year, the company reported that its loss widened to $88.1 million, or $1.20 per share.

  • Feb 21- Broadcom Corp has lowered its takeover offer for chipmaker Qualcomm Inc to $79 per share from $82 to account for the latter's increased offer for NXP Semiconductors NV, Broadcom said on Wednesday. The new offer consists of $57 per share in cash and $22 per share in Broadcom shares, premised on Qualcomm's revised agreement on Tuesday to buy NXP at $127.50...

  • LONDON, Feb 21- Britain's jobless rate rose for the first time in almost two years at the end of 2017 and pay growth remained modest, keeping the Bank of England waiting for an acceleration in wages that would justify a new interest rate hike. Nonetheless, the data painted a mostly robust picture of the labour market, with productivity- a major weakness of Britain's...

  • HOUSTON _ Cheniere Energy Partners LP Holdings LLC on Wednesday reported fourth-quarter earnings of $105 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • BAKU, Feb 21- Oil-rich Azerbaijan is making progress in its drive to diversify sources of economic growth and improve its business environment but needs to do more, officials from the World Bank and the Asian Development Bank said on Wednesday. "There is still a lot of work to be done, but... the government is taking measures to encourage the non-oil part of the economy...

  • CRANBURY, N.J. _ Innophos Holdings Inc. on Wednesday reported a fourth-quarter loss of $11.3 million, after reporting a profit in the same period a year earlier. The Cranbury, New Jersey- based company said it had a loss of 58 cents per share. Innophos shares have decreased roughly 9 percent since the beginning of the year.

  • GLEN ALLEN, Va. _ Dynex Capital Inc. on Wednesday reported fourth-quarter earnings of $22 million. On a per-share basis, the Glen Allen, Virginia- based company said it had net income of 36 cents. Dynex Capital shares have fallen 10 percent since the beginning of the year.

  • LONDON, Feb 21- Britain wants to discuss with the European Union the length of any post-Brexit transition period, saying its government agrees it should be around two years but must be long enough to prepare "new processes" and "new systems". Britain is due to leave the EU in March 2019. Officials in Brussels have said they doubt whether Britain will be ready to make a...

  • CAPE TOWN, Feb 21- South Africa will in April implement its first value-added tax hike since the dawn of democracy over two decades ago, the Treasury said on Wednesday, part of efforts to cut the budget deficit and stabilize debt under new President Cyril Ramaphosa. The government of Africa's most industrialized country wants to plug a revenue hole in its budget...

  • MONTE CARLO, Monaco _ Navios Maritime Holdings Inc. on Wednesday reported a loss of $51.6 million in its fourth quarter. For the year, the company reported that its loss narrowed to $165.9 million, or $1.50 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • BOSTON, Feb 21- Activist investor Barington Capital is pushing restaurant group Bloomin' Brands Inc. to spin off three smaller brands into a new company, cut costs and improve diners' experiences to boost a flagging share price which it believes could double. In a letter to Bloomin' Brands Chairman and Chief Executive Officer Elizabeth Smith, the hedge fund urged...

  • RIGA, Feb 21- The United States said it has full confidence in Latvia's ability to deal with a string of corruption claims and counter-claims that have rocked the financial sector of the Baltic euro zone state. "The United States has full confidence that the Government of Latvia will take the necessary steps to uphold the integrity of its banking and financial...

  • SECAUCUS, N.J. _ Eros International PLC on Wednesday reported fiscal third-quarter net income of $301,000. On a per-share basis, the Secaucus, New Jersey- based company said it had profit of 9 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • FRANKFURT, Feb 21- Deutsche Boerse is aiming to win a quarter of the lucrative euro clearing market from London as Britain leaves the European Union, the German stock exchange operator's new chief executive said on Wednesday. Weimer is seeking to open a new chapter after Deutsche Boerse was hit by an insider trading scandal, a failed merger with its London...

  • HOUSTON _ McDermott International Inc. on Wednesday reported fourth-quarter net income of $25.5 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Houston- based company said it had profit of 9 cents. McDermott expects full-year earnings to be 42 cents to 52 cents per share, with revenue in the range of $3.1 billion to $3.3...

  • CAIRO— Egypt's president says his country "scored a goal" by signing a $15 billion deal with an Israeli company to supply natural gas that will help turn Egypt into a regional energy hub. Delek Drilling and its U.S. partner, Noble Energy, signed the agreement on Monday to sell a total of 64 billion cubic meters of gas over a 10- year period to Egyptian company Dolphinus...