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First Republic Bank misses Street 4Q forecasts

Associated Press | |

SAN FRANCISCO (AP) _ First Republic Bank (FRC) on Tuesday reported fourth-quarter net income of $194.3 million. The bank, based in San Francisco, said it had earnings of $1.10 per share. The results missed Wall Street expectations. The average estimate of

H.K. stock market closes at record high, sparking risk warning

Japan Economic Newswire | |

Hong Kong's stock market rose to a record high closing on Tuesday, drawing a warning from the city's central banker of risks that could lead to a sharp correction if they materialize. The Hang Seng Index gained 565.88 points to close at 31,904.75, with a t

Carillion's collapse shows that we need an urgent review of outsourcing

Guardian Web | |

Carillion’s cave-in isn’t the first nor will it be the last spectacular failure of a contractor. There are more to come – and soon – in social care, where private equity owned Four Seasons is in deep trouble and Scotland’s Bield is pulling out of its four

Sitcoms seem stuck in the 70s. Is there still a place for them in today’s world?

Guardian Web | |

It’s always the stupidest questions that stick in your head. Does Vin Diesel mean “Wine made out of petrol” in French? Do Shetland ponies feel inadequate compared to regular horses? Do Henry Bolton and his racist girlfriend actually exist, or are they just

Energizer spends $2 billion to add the Rayovac brand

Associated Press | |

NEW YORK (AP) — Energizer will spend $2 billion in cash to acquire the battery and lighting assets of Spectrum, adding the Rayovac brand to its battery and lighting division. Spectrum Brands said earlier this month that it would seek a buyer for the assets

Bank of the Ozarks meets 4Q profit forecasts

Associated Press | |

LITTLE ROCK, Ark. (AP) _ Bank of the Ozarks (OZRK) on Tuesday reported fourth-quarter earnings of $146.2 million. The bank, based in Little Rock, Arkansas, said it had earnings of $1.14 per share. Earnings, adjusted for pretax gains, came to 75 cents per s

Lebanon bans 'The Post' over Spielberg's support for Israel

Associated Press | |

BEIRUT (AP) — Lebanon's censorship authorities are recommending a ban on Steven Spielberg's newspaper drama "The Post" ahead of its planned opening this week in movie theaters in Beirut. The recommendation still needs to be signed by Interior Minister Nouh

GE to take $6.2 billion after-tax charge in 4Q

Associated Press | |

BOSTON (AP) — General Electric is taking a $6.2 billion after-tax charge in the fourth quarter tied to its review and reserve testing of GE Capital's run-off insurance portfolio. GE Capital will also suspend its dividend to GE for the foreseeable future. G

Bristol investigates underground system to ease congestion

Guardian Web | |

Bristol is investigating the possibility of building an underground system to ease the city’s growing congestion problems. Its council has said it could cost about £4bn to build three lines, including one linking the airport with the city centre. Initial f

Mercantile Bank misses 4Q profit forecasts

Associated Press | |

GRAND RAPIDS, Mich. (AP) _ Mercantile Bank Corp. (MBWM) on Tuesday reported fourth-quarter profit of $8 million. The Grand Rapids, Michigan-based bank said it had earnings of 48 cents per share. The results did not meet Wall Street expectations. The averag

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