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)
Copyright (c) 2016 Dow Jones & Company, Inc.