Financial News from AP

  • Staples gets EU approval for acquisition of Office Depot Associated Press - 6 minutes ago
    Staples gets EU approval for acquisition of Office Depot

    NEW YORK (AP) — Staples has received European approval for its buyout of Office Depot and in exchange, said Wednesday that it would split off some of its businesses in Europe to allay monopoly fears.

  • Developer detained, dog rescued in Taiwan apartment collapse Associated Press - 8 minutes ago
    Developer detained, dog rescued in Taiwan apartment collapse

    Three Taiwanese construction company executives were detained on charges of professional negligence resulting in death following the collapse of an apartment building that killed dozens, prosecutors said ...

  • Nissan quarterly profit up on healthy sales; keeps forecasts Associated Press - 9 minutes ago
    Nissan quarterly profit up on healthy sales; keeps forecasts

    Japanese automaker Nissan reported Wednesday a 25 percent increase in fiscal third-quarter profit to 127.2 billion yen ($1.1 billion) on strong sales. Nissan Motor Co. reported a 101.8 billion yen profit ...

  • AP Top Extended Financial Headlines at 7:42 a.m. EST Associated Press - 12 minutes ago

    European stocks are higher and Wall Street is expected to rise on the open ahead of testimony from the Federal Reserve chief that could either ease market turmoil or add to it

  • IMF chief warns Ukraine over slow pace of reform Associated Press - 12 minutes ago
    IMF chief warns Ukraine over slow pace of reform

    MOSCOW (AP) — The head of the International Monetary Fund warned Ukraine on Wednesday that the organization would be unable to keep supporting the country financially if it doesn't step up its reform efforts.

  • Elephant rampages in east Indian town, smashing homes Associated Press - 12 minutes ago
    Elephant rampages in east Indian town, smashing homes

    KOLKATA, India (AP) — A wild elephant rampaged through an east Indian town on Wednesday, smashing homes and sending panicked residents running.

  • Aramark meets 1Q profit forecasts Associated Press - 14 minutes ago

    On a per-share basis, the Philadelphia-based company said it had net income of 38 cents. Earnings, adjusted for one-time gains and costs, were 50 cents per share. The results matched Wall Street expectations. ...

  • Owens Corning beats Street 4Q forecasts Associated Press - 14 minutes ago

    The Toledo, Ohio-based company said it had profit of 92 cents per share. Earnings, adjusted for pretax gains, were 66 cents per share. The results topped Wall Street expectations. The average estimate ...

  • AP Exclusive: Iranian drone first over US carrier since 2014 Associated Press - 19 minutes ago
    AP Exclusive: Iranian drone first over US carrier since 2014

    DUBAI, United Arab Emirates (AP) — An Iranian drone that flew over a U.S. aircraft carrier last month was the first to conduct an overflight of an American carrier since 2014, according to a U.S. Navy report obtained by The Associated Press on Wednesday.

  • Charles River beats Street 4Q forecasts Associated Press - 24 minutes ago

    The Wilmington, Massachusetts-based company said it had net income of 67 cents per share. Earnings, adjusted for one-time gains and costs, came to $1 per share. The results exceeded Wall Street expectations. ...

  • Parole hearing set for Robert Kennedy killer Sirhan Sirhan Associated Press - 28 minutes ago
    Parole hearing set for Robert Kennedy killer Sirhan Sirhan

    SAN DIEGO (AP) — For nearly 50 years, Sirhan Sirhan has been consistent: He says he doesn't remember fatally shooting Sen. Robert F. Kennedy in a crowded kitchen pantry of the Ambassador Hotel in Los Angeles.

  • Global stocks turn higher ahead of Yellen testimony Associated Press - 32 minutes ago
    Global stocks turn higher ahead of Yellen testimony

    European stocks rose Wednesday and Wall Street was expected to open higher ahead of testimony from the Federal Reserve chief that could either ease market turmoil or add to it. Asian markets mostly fell ...

  • AP PHOTOS: Jumping donkey leaps to fame in Egyptian village Associated Press - 34 minutes ago
    AP PHOTOS: Jumping donkey leaps to fame in Egyptian village

    A donkey has leapt to fame in a small Egyptian village by defying her species' well-known stubbornness and jumping hurdles on command. Ahmed Ayman, a 14-year-old farmer living in the Nile Delta north of ...

  • Acco beats Street 4Q forecasts Associated Press - 35 minutes ago

    The Lake Zurich, Illinois-based company said it had profit of 29 cents per share. Earnings, adjusted for non-recurring costs, were 30 cents per share. The results surpassed Wall Street expectations. The ...

  • Henry Schein tops Street 4Q forecasts Associated Press - 35 minutes ago

    On a per-share basis, the Melville, New York-based company said it had net income of $1.56. Earnings, adjusted for restructuring costs, were $1.67 per share. The results exceeded Wall Street expectations. ...

  • Despite protests, Greek PM says reforms 'not optional' Associated Press - 36 minutes ago
    Despite protests, Greek PM says reforms 'not optional'

    ATHENS, Greece (AP) — Protesting farmers says they're planning to camp outside parliament and hold a 48-hour protest against planned pension reforms.

  • Markit misses 4Q profit forecasts Associated Press - 38 minutes ago

    The London-based company said it had net income of 25 cents per share. Earnings, adjusted for one-time gains and costs, were 37 cents per share. The results did not meet Wall Street expectations. The average ...

  • Time Warner beats 4Q profit forecasts Associated Press - 43 minutes ago

    The New York-based company said it had profit of $1.06 per share. The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of ...

  • DTE Energy beats 4Q profit forecasts Associated Press - 47 minutes ago

    The Detroit-based company said it had net income of 45 cents per share. Earnings, adjusted for non-recurring costs, were $1.01 per share. The results surpassed Wall Street expectations. The average estimate ...

  • Destruction of Moscow kiosks sparks anger among activists Associated Press - 50 minutes ago
    Destruction of Moscow kiosks sparks anger among activists

    Russian activists and political commentators have criticized Moscow authorities over the late-night destruction of kiosks around the city. About half of Moscow's 104 kiosks, which sell items from ranging ...

  • The Latest: Wall Street futures rise before Yellen comments Associated Press - 53 minutes ago
    The Latest: Wall Street futures rise before Yellen comments

    LONDON (AP) — The latest on the turmoil afflicting global financial markets (all times local):

  • Carlyle reports 4Q loss Associated Press - 56 minutes ago

    The Washington-based company said it had a loss of 4 cents per share. Earnings, adjusted for non-recurring costs, were 24 cents per share. The results fell short of Wall Street expectations. The average ...

  • Medidata beats 4Q profit forecasts Associated Press - 1 hour 3 minutes ago

    The New York-based company said it had profit of 12 cents per share. Earnings, adjusted for one-time gains and costs, came to 27 cents per share. The results surpassed Wall Street expectations. The average ...

  • CaesarStone meets 4Q profit forecasts Associated Press - 1 hour 4 minutes ago

    On a per-share basis, the Mp Menashe, Israel-based company said it had profit of 53 cents. Earnings, adjusted for one-time gains and costs, came to 55 cents per share. The results met Wall Street expectations. ...

  • Ferguson asks for changes to reform deal, drawing criticism Associated Press - 1 hour 8 minutes ago
    Ferguson asks for changes to reform deal, drawing criticism

    FERGUSON, Mo. (AP) — The Ferguson City Council has asked the U.S. Department of Justice for seven changes to a deal to reform the city's courts and policing systems, a move that drew swift criticism from both the department and many residents.

  • Axalta Coating Systems misses Street 4Q forecasts Associated Press - 1 hour 8 minutes ago

    The Philadelphia-based company said it had profit of 16 cents per share. Earnings, adjusted for one-time gains and costs, were 24 cents per share. The results missed Wall Street expectations. The average ...

  • England's junior doctors go on strike as contract talks fail Associated Press - 1 hour 10 minutes ago
    England's junior doctors go on strike as contract talks fail

    LONDON (AP) — Thousands of junior doctors throughout England have gone on strike after the failure of contract negotiations.

  • Germany: No one missing in deadly train crash; cause sought Associated Press - 1 hour 25 minutes ago
    Germany: No one missing in deadly train crash; cause sought

    BAD AIBLING, Germany (AP) — As emergency workers started removing the wreckage, German police said Wednesday they are no longer looking for a missing person in the head-on train crash that killed 10 people and injured dozens in southern Germany.

  • Voya reports 4Q loss Associated Press - 1 hour 30 minutes ago

    On a per-share basis, the New York-based company said it had a loss of 49 cents. Earnings, adjusted for non-recurring costs, came to 91 cents per share. The results beat Wall Street expectations. The average ...

  • USA Compression reports 4Q loss Associated Press - 1 hour 34 minutes ago

    On a per-share basis, the Austin, Texas-based company said it had a loss of $3.02. Earnings, adjusted for asset impairment costs, were $1.50 per share. The results topped Wall Street expectations. The ...

  • Orbotech beats 4Q profit forecasts Associated Press - 1 hour 35 minutes ago

    On a per-share basis, the Yavne, Israel-based company said it had profit of 37 cents. Earnings, adjusted for one-time gains and costs, came to 54 cents per share. The results surpassed Wall Street expectations. ...

  • S. Korea to shut down joint industrial park with N. Korea Associated Press - 1 hour 37 minutes ago
    S. Korea to shut down joint industrial park with N. Korea

    South Korea said Wednesday that it will shut down a joint industrial park with North Korea in response to the North's recent rocket launch, accusing the North of using hard currency from the park to develop ...

  • Walker & Dunlop misses 4Q profit forecasts Associated Press - 1 hour 38 minutes ago

    The Bethesda, Maryland-based company said it had profit of 67 cents per share. The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research ...

  • Deutsche Bank shares soar after days of losses Associated Press - 1 hour 53 minutes ago

    FRANKFURT, Germany (AP) — Deutsche Bank shares have rebounded strongly after a news report that the bank may buy back some of its own bonds to strengthen its finances.

  • Japan Internet company SoftBank's profit suffers over Sprint Associated Press - 1 hour 55 minutes ago
    Japan Internet company SoftBank's profit suffers over Sprint

    TOKYO (AP) — Japanese telecommunications and Internet company SoftBank is reporting an 88 percent drop in fiscal third quarter profit as it struggles to turn around its U.S. carrier Sprint.