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 her semiannual testimony to Congress on U.S. monetary policy.

STOCKS BOUNCE BACK AFTER MARKET SELLOFF; ASIA STUMBLES 

U.S. stocks rebounded Wednesday after three sessions of declines, led by gains in some of this year's worst performers.

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.

AB INBEV GETS $2.9 BILLION OFFER FOR EUROPE BRANDS 

Anheuser-Busch InBev said it has received a binding offer valued at about $2.9 billion in cash from Japan's Asahi Group Holdings for the Peroni and Grolsch brands.

VW RECALLS VEHICLES IN U.S. OVER AIR-BAG PROBLEMS 

Volkswagen said it is recalling 680,000 vehicles and Audi 170,000 vehicles due to problems with Takata air bags.

TIME WARNER OUTLOOK SOLID; REVENUE MISSES 

Time Warner 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, revenue missed Wall Street's views.

U.S. JUDGE QUESTIONS REGULATORS ON METLIFE DESIGNATION 

A U.S. District Judge questioned government lawyers in a hearing on MetLife Inc.'s push to overturn its designation as a "systemically important financial institution"-a tag created by the 2010 Dodd-Frank law that comes with strict oversight.

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.

JUDGE DENIES REQUEST TO OUST LAWYERS SUING GM IN IGNITION CASE 

A federal judge denied efforts by a plaintiffs' lawyer to upend ignition-switch litigation against General Motors.

HEDGE-FUND ESTIMATES CHINA'S FOREIGN RESERVES BELOW CRITICAL LEVEL 

Kyle Bass stepped up his attack on China's currency, arguing in an investor letter that the country's foreign reserves are 'already below a critical level.'

BP BOSS CALLS FOR CLIMATE-CHANGE ACTION 

Bob Dudley called on governments to do more to encourage a shift to lower-carbon fuels, warning that the world is on course to see global temperatures rise to dangerous levels.

BURGER KING TO START SELLING HOT DOGS 

Burger King plans to start selling hot dogs, making its biggest menu change in decades as the unit of Restaurant Brands International seeks to extend recent sales gains.

CME TO CUT LIVESTOCK HOURS TO REDUCE VOLATILITY 

Exchange operator CME Group Inc. said it plans to slash trading hours for livestock futures in response to concerns about volatility in the benchmark agricultural contracts.

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.

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.

QIHOO 360-LED CONSORTIUM MAKES $1.2 BILLION OFFER FOR OPERA SOFTWARE 

A consortium of Chinese companies has bid $1.2 billion in cash to buy Opera Software ASA, a Norwegian maker of Internet browsers, the latest sign of how a weakening currency has left China's acquisition appetite unperturbed.

ROSNEFT CEO DISMISSES JOINING POTENTIAL OPEC CUT 

Hopes that oil producers would join forces to boost prices were dimmed as a top Russian energy official dismissed talk of lowering production and Saudi Arabia's opposition to a cut remained unchanged.

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.

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.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Capital Account 
AS ECONOMY SUFFERS, ECONOMIC THEORY FLOURISHES 
 

Recent tomes by economists Thomas Piketty and Robert Gordon are heightening the public discourse on inequality by raising important issues and not shying away from technical language that defines academic writing, Greg Ip writes.

 
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.

 
 
 

(END) Dow Jones Newswires

February 10, 2016 13:24 ET (18:24 GMT)

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