TOP STORIES
YELLEN FLAGS RISKS TO OUTLOOK THAT COULD DELAY RATE RISES
Federal Reserve Chairwoman Janet Yellen flagged risks to the
economic outlook that could delay the central bank's plans for
raising short-term interest rates, in prepared remarks for her
semiannual testimony to Congress on U.S. monetary policy.
STOCKS BOUNCE BACK AFTER MARKET SELLOFF; ASIA STUMBLES
U.S. stocks opened higher Wednesday after the head of the
Federal Reserve highlighted risks to the economic outlook that
could affect plans to raise rates.
TIME WARNER OUTLOOK SOLID; REVENUE MISSES
Time Warner Inc. offered an upbeat forecast for the year after
topping earnings expectations in its fourth quarter, thanks to
lower costs and continued gains in its HBO segment. Still, shares
declined premarket as revenue missed Wall Street's views.
FED'S FISCHER CONCERNED ABOUT NEW CRISIS MANAGEMENT FRAMEWORK
Federal Reserve Vice Chairman Stanley Fischer expressed concern
about potential weaknesses in the Fed's new framework for financial
crisis management.
CARLYLE SWINGS TO LOSS, TO REPURCHASE STOCK
Carlyle Group swung to a fourth-quarter loss, partly because of
a litigation reserve, and joined other private-equity firms in
planning to buy back its stock.
AB INBEV RECEIVES OFFER FOR EUROPE BRANDS
Anheuser-Busch InBev said it has received a binding offer valued
at about $2.8 billion in cash from Japan's Asahi Group Holdings for
the Peroni and Grolsch brands.
HUMANA PROFIT FALLS, BUT GUIDANCE COMES IN ABOVE VIEWS
Humana, which in July agreed to be acquired by rival Aetna, said
profit fell 30% in the fourth quarter as it set aside a reserve to
account for losses expected on its 2016 Affordable Care Act
business, but the firm gave guidance for the year sharply above
Wall Street expectations.
OWENS CORNING PROFIT BEATS EXPECTATIONS
Owens Corning said profit soared in its latest quarter, easily
beating Wall Street forecasts, as the company saw sales improve in
its insulation and roofing business.
DEUTSCHE BANK SHARES SOAR
Shares in Deutsche Bank rose 14% following news that the German
lender is considering buying back some of its debt.
STAPLES AND OFFICE DEPOT MERGER GETS EU APPROVAL
Staples said that it got EU approval to buy Office Depot, as the
merger of office supply giants continues to face pushback from U.S.
antitrust regulators.
SOFTBANK OPERATING PROFIT RISES 7%
Japanese telecom and Internet company SoftBank said it saw signs
of a turnaround at troubled U.S. mobile carrier Sprint.
VW RECALLS VEHICLES IN U.S. OVER AIR-BAG PROBLEMS
Volkswagen said it is recalling 680,000 vehicles in the U.S. due
to problems with Takata air bags.
INTESA SANPAOLO SEES BENEFIT FROM LOW INTEREST RATES
The chief executive of Italian lender Intesa Sanpaolo said there
is "a lot of concern" about low and negative interest rates among
European banks, but that the environment has helped Intesa lower
its own cost of funding.
MARKIT POSTS PROFIT AND REVENUE GAINS
Financial-data provider Markit Ltd. posted profit and revenue
gains for its latest quarter, but still fell just short of Wall
Street expectations as price reductions hurt its trade-processing
unit.
DROP IN PALM-OIL PRODUCTION SHOWS EL NIÑ O'S EFFECTS
The consequences of the weather phenomenon are becoming clearer,
as palm-oil production in Malaysia fell nearly 20% last month, and
prices of the commodity are up in global markets.
UBER GEARS UP FOR FRENCH COURT BATTLE
Two top executives at Uber will face criminal charges in France
on Thursday, in an emblematic battle for the car hailing company in
a market that is one of its biggest but also one of its most
fraught.
SEALED AIR'S PROFIT JUMPS, BUT REVENUE OUTLOOK IS SOFT
Sealed Air gave a soft revenue outlook for 2016 as currency
swings continue to hurt results, though the maker of Bubble Wrap
reported stronger-than-expected earnings for its fourth
quarter.
ROSNEFT CEO DISMISSES JOINING POTENTIAL OPEC CUT
The chief executive of Russian oil company Rosneft dismissed
talk that Russia could join OPEC in a coordinated output cut to
prop up sagging oil prices, which the oil-producer group said are
starting to hurt the global economy.
ARAMARK PROFIT RISES AMID ORGANIC SALES GROWTH
Aramark said Wednesday it posted better-than-expected profit in
its latest quarter as organic sales grew and costs fell.
SUZUKI PAYS DAMAGES TO VOLKSWAGEN, SETTLING DISPUTE
Suzuki will pay an undisclosed amount in damages to Volkswagen,
ending a long-running dispute between the two car makers that
involved an alleged breach of contract by the Japanese company to
purchase diesel engines from its German peer.
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Capital Journal
SANDERS AND TRUMP WIN BIG BUT LEAVE THEIR RACES UNSETTLED
What is striking about the results now in from Iowa and New
Hampshire is how little those two states-the ones that often launch
new front-runners and bring leaders crashing down to earth-have
actually settled, Gerald F. Seib writes.
Central Banks
CENTRAL-BANK DIVERGENCE COULD SLOW RATE HIKES, FED REPORT SAYS
Divergence in monetary policy across the developed world has
contributed to the dollar's appreciation and hurt U.S. exports, and
it could delay the pace of Fed rate increases, the central bank
said in a monetary policy report.
(END) Dow Jones Newswires
February 10, 2016 09:58 ET (14:58 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.