TOP STORIES 
 
U.S. STOCKS RISE AS COMMODITIES, BANKS RALLY 

U.S. stocks extended gains as recently battered commodities and banking shares rallied.

OIL SOARS ON PRODUCTION CUT HOPES 

Oil prices rallied, rebounding from a 13-year low reached the previous day, on speculation of production cuts among some of the world's biggest suppliers.

U.S. CONSUMER SENTIMENT SLIPS AMID SIGNS OF SLOWER GROWTH 

U.S. consumer confidence drifted lower in February as the economic outlook deteriorated, according to a new survey.

U.S. SHOPPERS BOOSTED SPENDING IN JANUARY 

American consumers increased their spending into 2016, a robust start to the year amid low unemployment and months of cheap gasoline.

GLOBAL WEAKNESS, LOW OIL PRICES WEIGH ON U.S. IMPORT PRICES 

Prices for imported goods fell sharply in January, the latest sign that a slumping global economy and plunging oil prices are weighing on inflation in the U.S.

DEUTSCHE BANK TO BUY BACK $5.4 BILLION IN DEBT 

The move is designed to bolster investor confidence in the German lender's finances and in the value of its securities.

VISA DETAILS STAKE IN SQUARE 

Square shares jumped Friday after Visa detailed its previously announced investment in the startup, raising questions about the future relationship between the payment processors.

FED'S DUDLEY MINDFUL OF MARKET TROUBLE 

Federal Reserve Bank of New York President William Dudley said Friday that he is very much mindful of the risks created by unsettled financial markets, but declined to say whether these adverse events had changed the outlook significantly for the U.S. economy.

VOLKSWAGEN GLOBAL VEHICLE SALES RETURN TO GROWTH 

Global sales of Volkswagen vehicles returned to growth in January on the back of resurgent sales in China, even as the company's namesake brand declined in all other markets.

FRENCH PROSECUTORS DON'T SEEK PRISON TIME FOR UBER EXECUTIVES IN TRIAL 

French prosecutors asked a court to slap two top executives with fines and a ban on running companies but declined to ask for prison time during the second day of a symbolic trial against the car-hailing company.

ARGENTINA LOOKS TO TAKE MORE AGGRESSIVE STANCE WITH BONDHOLDERS 

Argentina is asking a U.S. judge to lift an injunction that is preventing the government from borrowing in the international bond markets, an attempt to go around holders of its defaulted debt who rejected the country's recent settlement offer.

CSX TO LAY OFF 116 EMPLOYEES 

Railroad operator CSX Corp. said it is laying off 116 mechanical employees as it streamlines operations at 16 mechanical facilities. The company said it is responding to low rail-cargo volumes.

BANK OF RUSSIA LOWERS OIL-PRICE FORECAST 

The Russian central bank has lowered its oil-price forecasts, preparing for an average price of $25 a barrel this year, the central bank's first deputy chairman said.

EUROZONE ECONOMY GROWS STEADILY BUT OUTLOOK DARKENS 

The eurozone economy continued its slow growth in the final quarter of 2015, but a darkening global outlook and financial-market turmoil mean the best of Europe's recovery is likely behind it.

MAPLE BANK DEPOSITORS TO RECEIVE COMPENSATION 

Depositors at Maple Bank are set to receive compensation from Germany's deposit-insurance scheme, Germany's financial regulator said, after insolvency proceedings were started by a court in Frankfurt.

NASDAQ TO BUY MARKETWIRED 

Nasdaq said it would buy Canadian news release distributor Marketwired and expects the deal to add to adjusted earnings within a year of closing.

LILLY: U.K. COURT RULES IN OPPONENT'S FAVOR ON ALIMTA PATENT 

Eli Lilly and Co. said it lost a case in the U.K. that would have prohibited competitors from making a generic form of its key Alimta cancer drug before the patent expires in 2021.

FED TO CONTINUE TESTING ITS TERM DEPOSIT FACILITY TOOL 

The Federal Reserve plans to continue testing one of the secondary tools in its arsenal of ways to adjust short-term interest rates.

GOOGLE WINS U.K. COURT CASE FILED BY STREETMAP 

Alphabet's Google has won a U.K. court case filed by online mapping company Streetmap.EU, who alleged the U.S. technology company was skewing search results in favor of its own mapping product.

EU OPENS THREE INVESTIGATIONS ON CHINA STEEL IMPORTS 

The European Commission opened three investigations into allegations of unfair trade practices by Chinese steel manufacturers to determine whether imported steel products were being sold in the EU at below-market prices, hurting European producers.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Central Banks 
BOE EYES WAYS TO OPEN ITS CASH FACILITIES TO ISLAMIC BANKS 
 

The Bank of England said it is looking at ways to open its cash facilities to Islamic banks, a move that would make it the first of the world's major central banks to offer such a service.

 
Heard on the Street 
VOLKSWAGEN'S PROBLEMS AREN'T RENAULT'S 
 

Investors comfortable with the volume car industry's troubling economics could do worse than buy into Renault's ongoing recovery.

 
 
 

(END) Dow Jones Newswires

February 12, 2016 13:10 ET (18:10 GMT)

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