13 AM / Updated 9 minutes ago BRIEF-Starboard Delivers Letter To Mellanox CEO And Board Of Directors Reuters Staff Jan 8 (Reuters) - Mellanox Technologies Ltd: * STARBOARD DELIVERS LETTER TO MELLANOX CEO AND BOARD OF DIRECTORS * STARBOARD VALUE LP SAYS HAS OWNERSHIP INTEREST OF APPROXIMATELY 10.7% OF MELL

ANOX‘S OUTSTANDING SHARES * STARBOARD VALUE SAYS RECENTLY ANNOUNCED 2018 TARGETS OF MELLANOX ARE “INSUFFICIENT AND TOO HEAVILY RELIANT ON REVENUE GROWTH” * STARBOARD VALUE SAYS APPRECIATIVE OF CONSTRUCTIVE DIALOGUE WITH MELLANOX TO DATE BUT “EXPECTS SUBSTANTIAL CHANGE IS NEEDED TO DRIVE IMPROVED RESULTS”


Jan 25 (Reuters) - United Rentals Inc: * UNITED RENTALS INC FILES FOR POTENTIAL MIXED SHELF OFF

ERING; SIZE NOT DISCLOSED - SEC FILING Source text: ( bit.ly/2Dyr16e ) Further company coverage:


Jan 24 (Reuters) - Anika Therapeutics Inc: * ANIKA THERAPEUTICS EXPANDS STRATEGIC COLLABORATION WITH THE INSTITUTE FOR APPLIED LIFE SCIENCES (IALS)

AT THE UNIVERSITY OF MASSACHUSETTS AMHERST TO DEVELOP INNOVATIVE THERAPY FOR RHEUMATOID ARTHRITIS Source text for Eikon: Further company coverage:


Toshiba is considering an IPO of its prized memory chip business if an agreed $18 billion sale of the unit to Bain Capital fails to gain antitrust approval by the end of March, the Financial Times reported on Monday.The IPO is one of various contingency plans being looked at by Toshiba's top executives, and some analysts and Toshiba shareholders favour it over the existing deal, the FT said.Toshiba agreed last September to sell Toshiba Memory, the world's second-biggest producer of NAND chips, to a consortium led by Bain Capital to cover billions of dollars in liabilities arising from now bankrupt U.S.nuclear power unit Westinghouse.

But the Japanese conglomerate no longer faces the pressure it once did to complete a sale, after raising 600 billion yen ($5.4 billion) with a new share issue to overseas funds late last year, which with tax write-offs gives it sufficient funds to cover its liabilities.Hong Kong -based activist investor, Argyle Street Management, a hedge fund with $1.2 billion under management, has voiced opposition to the sale, saying it was no longer necessary.A Toshiba spokeswoman said there had been no change to fact that the company was working towards completing the sale of the chip unit.


MINNEAPOLIS, Jan.26, 2018 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc.(“Tactile Medical”) (Nasdaq:TCMD), a medical technology company focused on developing medical devices for the treatment of chronic diseases at home, today announced that fourth quarter and fiscal year 2017 financial results will be released after the market closes on Monday, February 26.Management will host a conference call at 5:00 p.m.Eastern Time on February 26 to discuss the results of the quarter and the year with a question and answer session.Those who would like to participate may dial 833-286-5804 (647-689-4449 for international callers) and provide access code 1687067.A live webcast of the call will also be provided on the investor relations section of the Company's website at investors.tactilemedical.com .For those unable to participate, a replay of the call will be available for two weeks at 800-585-8367 (416-621-4642 for international callers); access code 1687067.The webcast will be archived at investors.tactilemedical.com .About Tactile Medical Tactile Medical is a leader in developing and marketing at-home therapy devices that treat chronic swelling conditions such as lymphedema and chronic venous insufficiency.

Our mission is to help people suffering from chronic diseases live better and care for themselves at home.Our unique offering includes advanced, clinically proven pneumatic compression devices, as well as continuity of care services provided by a national network of product specialists and trainers, reimbursement experts, patient advocates and clinicians.This combination of products and services ensures that tens of thousands of patients annually receive the at-home treatment necessary to better manage their chronic conditions.Tactile Medical takes pride in the fact that our solutions help increase clinical efficacy, reduce overall healthcare costs and improve the quality of life for patients with chronic conditions.Investor Inquiries: Mike Piccinino, CFA Managing Director Westwicke Partners 443-213-0500 [REDACTED] Source:Tactile Systems Technology, Inc.


BEIJING, Jan 26 (Reuters) - Profits earned by China’s industrial companies rose 10.8 percent y/y to 824.16 billion yuan in December, the statistics bureau said on Friday.Industrial profits increased 21.0 percent year-on-year in 2017 to 7.519 trillion yuan, versus the 21.9 percent gain in January-November period, the National Bureau of Statistics (NBS) said on its website.

Chinese industrial firms’ liabilities increased 5.7 percent from a year earlier at the end of 2017, compared with a 6.3 percent rise as of end-November.The data covers large companies with annual revenue of more than 20 million yuan from their main operations.(Reporting by Zhang Min and Beijing Monitoring Desk; Editing by Sam Holmes)


YANGON, Jan 23 (Reuters) - Two Reuters journalists detained in Myanmar are due to appear in court on Tuesday, when a judge could review a bail request for the pair accused of violating the country’s colonial-era Official Secrets Act.Wa Lone, 31, and Kyaw Soe Oo, 27, had worked on Reuters coverage of a crisis in Rakhine state, where an army crackdown on insurgents since the end of August has triggered the flight of 688,000 Rohingya Muslims, according to the United Nations.The reporters were detained on Dec.12 after they had been invited to meet police officers over dinner in the country’s largest city, Yangon.“There will be an argument for bail from both the defence lawyers and prosecutors,” said Khin Maung Zaw, a lawyer representing the two journalists.The prosecution has previously objected to the bail application.The court would then hear evidence from the first police witness, who would be cross-examined by defence lawyers, Khin Maung Zaw said.The Ministry of Information has cited police as saying the two journalists were “arrested for possessing important and secret government documents related to Rakhine State and security forces”.

It has said they “illegally acquired information with the intention to share it with foreign media”.Reuters President and Editor-In-Chief Stephen J.Adler has said the court’s decision to pursue charges was “a wholly unwarranted, blatant attack on press freedom”.The pair last appeared in court on Jan.10, when prosecutors sought charges against them under the Official Secrets Act, which carries a maximum prison sentence of 14 years.The reporters have told relatives they were arrested almost immediately after being handed some documents at a restaurant by two policemen they had not met before.Government officials from some of the world’s major nations, including the United States, Britain and Canada, as well as top U.N.officials, have called for the reporters to be freed.Former U.S.President Bill Clinton has called for the immediate release of the journalists.The two journalists were accused under Section 3.1 (c) of the Official Secrets Act, which dates back to 1923 when Myanmar, then known as Burma, was a province of British India.(Reporting By Yimou Lee; Editing by Alex Richardson)


ALAMEDA, Calif., Jan.30, 2018 /PRNewswire/ -- Penumbra, Inc.(NYSE: PEN) today announced that it will host a conference call to discuss financial results for the fourth quarter and year ended December 31, 2017 after market close on Tuesday, February 27, 2018 at 5:00 PM Eastern Time.A press release with fourth quarter and full year 2017 financial results will be issued after market close that day.Webcast & Conference Call Information The conference call can be accessed live over the phone by dialing (866) 393-4306 for domestic callers or (734) 385-2616 for international callers (conference id: 6884769), or the webcast can be accessed on the "Events" section under the "Investors" tab of the Company's website at: www.penumbrainc.com .The webcast will be available on the Company's website for two weeks following the completion of the call.

About Penumbra Penumbra, Inc., headquartered in Alameda, California, is a global healthcare company focused on innovative therapies.Penumbra designs, develops, manufactures and markets medical devices and has a broad portfolio of products that addresses challenging medical conditions and significant clinical needs.Penumbra sells its products to hospitals primarily through its direct sales organization in the United States, most of Europe, Canada and Australia, and through distributors in select international markets.The Penumbra logo is a trademark of Penumbra, Inc.For more information, visit www.penumbrainc.com .Investor Relations Penumbra, Inc.510-995-2461 [REDACTED] View original content with multimedia: SOURCE Penumbra, Inc.


Jan 17 (Reuters) - Yealink Network Technology Corp Ltd : * SAYS IT SEES 2017 NET PROFIT UP 32-38 PERCENT Y/Y AT 570-595 MILLION YUAN ($88.60-$92.

48 million) Source text in Chinese: bit.ly/2rebRBB Further company coverage: ($1 = 6.4335 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)


41 COMMENTS U.S. shale companies are poised to earn real money this year for the first time since the start of the fracking boom. Crude prices have surged almost 40% in the past six months. Yet shale producers are so far touting cautious spending plans for 2018—in contrast with past price spikes, when companies mounted aggressive drilling campaigns that quickly increased supplies and pushed prices back down. Shale drillers are heeding growing calls from investors, who have chastened the companies for pumping ever more oil and gas , even as they incur losses doing so. But some investors and analysts remain skeptical that U.S. wildcatters will fulfill promises to live within their means, saying that higher prices have almost always led them to boost drilling. “These companies can say that, but will they follow through?” said Norm MacDonald, vice president and portfolio manager at Invesco Ltd. “Given what oil prices have done in the past few months, the proof will be in the pudding.” Companies such as Anadarko Petroleum Corp. already have detailed plans to reduce 2018 spending on drilling and operating wells. Even oil giant Chevron Corp. plan s to cut such investments by almost 10%. Among smaller operators, spending is expected to rise about 8% in 2018, compared with a 55% increase in 2017, according to an analysis of more than 20 companies by Jefferies. About one-third of the biggest producers have released preliminary spending guidance, and the rest are expected to do so in coming weeks. Even as U.S. producers promise to curtail excesses of previous years, federal forecasters expect them soon to push U.S. oil output past the monthly record, set in 1970, of more than 10 million barrels a day. They are on pace to establish the record in the next few weeks, according to U.S. Energy Information Administration estimates. The Paris-based International Energy Agency went a step further Friday, projecting that U.S. production in 2018 will surpass the output of Saudi Arabia and rival that of Russia, the top producer. Production continues to increase because of past and continuing investment, but companies are pulling back on future spending. That puts U.S. oil companies on track in 2018 to generate more cash than they take in, a first in the age of shale. A wide range of companies are drawing up their 2018 budgets using an oil price of $50 to $55 a barrel, according to Goldman Sachs Group Inc., which hosted company executives and investors at a Miami conference last week. Billionaire Harold Hamm, chief executive of Continental Resources Inc., has said he would use excess cash to reduce debt, echoed by a dozen others. Producers also said they would consider buying back shares or fattening dividends. One operator, Concho Resources Inc., said it would “pile up cash” at an oil price of $60. U.S. oil prices fell 1.5% last week to $63.37, having recently topped $65, the highest level since 2014. Many companies might not increase spending levels until the second half of the year. Shale-company executives have been preaching the gospel of moderation since 2014, when oil prices plummeted because of a global glut of crude that fracking helped create. Yet the companies behind the U.S. oil boom together have spent $265 billion more than they generated from operations since 2010, according to a Wall Street Journal analysis of FactSet data. Oil producers’ stock prices have lagged behind oil’s rally, a signal that investors remain skeptical, according to shareholders, analysts and executives. An index of more than 40 companies has risen 17% in the past three months, outstripping the S&P 500 but falling well short of gains in the price of crude. “There is always a risk that they will shoot themselves in the foot again,” said John Castellano, managing director in the energy practice of consulting firm AlixPartners. But this time, he says, “the companies have much lower costs, better balance sheets, better management teams and more room to move.” Shale producers, even as they hold back, will be able to increase output more than spending this year because of several factors. Investments in drilling made in 2017 will yield production increases in the first months of 2018, because of the six- to nine-month lag time from when a well is drilled to when it starts to produce. And oil companies have a backlog of almost 7,000 wells that have been drilled but not fracked—30% more than in January 2017.


Jan 25 (Reuters) - Noble Midstream Partners LP: * NOBLE MIDSTREAM PARTNERS INCREASES QUARTERLY DISTRIBUTION * NOBLE MIDSTREAM PARTNERS - BOARD OF GENERAL PARTNER, NOBLE MIDSTREAM GP LLC, DECL

ARED CASH DISTRIBUTION OF $0.4883 PER UNIT FOR Q4 2017 * NOBLE MIDSTREAM PARTNERS LP - NEW DISTRIBUTION REPRESENTS 4.7% INCREASE SEQUENTIALLY Source text for Eikon: Further company coverage:


F-35 fuels Lockheed's sales 11:23am EST - 01:01 The F-35 fighter jet and C-130 military aircraft pumped up Lockheed Martin's quarterly revenue, pushing net sales past estimates.Fred Katayama reports.▲ Hide Transcript ▶ View Transcript The F-35 fighter jet and C-130 military aircraft pumped up Lockheed Martin's quarterly revenue, pushing net sales past estimates.

Fred Katayama reports.Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code


January 13, 2018 / 4:51 AM / Updated 11 hours ago Golf-McIlroy downplays heart scare, says 'nothing to worry about' Reuters Staff 2 Min Read Jan 13 (Reuters) - Four times major champion Rory McIlroy has taken to social media to downplay a report that he suffered a “heart scare” in 2016.In an interview with British newspaper The Telegraph on Friday, the 28-year-old McIlroy revealed he had contracted a virus in China that, according to tests, has affected his heart.“I have this thickening of my left ventricle and there’s a bit of scar tissue.For now, I just need to stay on top of it and have to stay fit,” the Northern Irishman told the newspaper.The response to the story prompted McIlroy to use his Instagram account to clarify that he was not unduly concerned.

“It’s really not that big a deal and nothing to worry about, apart from getting an annual check up, like you should do anyway,” he wrote.“I feel there’s been a big reaction to it in the media which there really shouldn’t be.I‘m fit and healthy and can’t wait to get my 2018 season started in Abu Dhabi next week.” He was referring to the European Tour’s Abu Dhabi Championship, where he will begin a busy schedule in the build up to April’s U.S.Masters, the only major he needs to win to complete the career grand slam.(Reporting by Andrew Both in Cary, North Carolina; Editing by John O‘Brien)


SINGAPORE (Reuters) - Singapore authorities say they have uncovered a complex, cross-border scheme to steal large quantities of oil from Shell’s biggest refinery. Suspects, part of a group of 17 detained over their part in an alleged oil theft at Shell's Pulau Bukom refinery, arrive in a van at the State Courts, Singapore January 13, 2018. REUTERS/Calvin Wong Their investigations have so far entangled several international companies in incidents going back months. Fourteen men face charges, the latest of which were announced on Tuesday. Police have also seized an oil tanker and millions of dollars in cash, and frozen suspects’ bank accounts. And there could be more arrests. Shell first contacted the authorities in August 2017 about suspected theft at its Pulau Bukom site, just south of the country’s main island. Here’s what we know so far: WHO‘S INVOLVED?Among the 14 charged, there are 11 Singaporeans and three Vietnamese. Eight of the Singaporeans were employees of Shell Eastern Petroleum (Pte) Ltd, the Singapore subsidiary of Royal Dutch Shell Plc, while two others worked for Sentek Marine & Trading Pte, one of Singapore’s biggest marine fuel suppliers. Sentek Marine said the suspects were its marketing and operations manager and a cargo officer. The cargo officer is accused in court documents of receiving stolen goods on a Singapore-owned and -flagged ship, Sentek 26. The other Singaporean worked for Intertek, a British-listed company specializing in quality and quantity assurance, including for fuel products. The Vietnamese nationals were charged with receiving stolen property aboard two other ships - Prime South and MT Gaea - both of which are Panama flagged. Authorities have arrested at least 17 people in connection with the case. WHAT WAS STOLEN AND WHEN?

The court documents list thefts on several dates over three hand a half months, many of which happened during the refinery’s normal working hours and involved millions of dollars’ worth of gasoil. Below is a list of the dates of the incidents and the amount and value of gasoil reportedly stolen. Suspects, part of a group of 17 detained over their part in an alleged oil theft at Shell's Pulau Bukom refinery, arrive in a van at the State Courts, Singapore January 13, 2018. REUTERS/Calvin Wong * Oct. 2, 1,131 metric tonnes of gasoil valued at S$579,445 * Oct. 23, 1,276 metric tonnes (S$653,733) * Nov. 11, 300 metric tonnes (S$165,000) * Nov. 14, 846 metric tonnes (S$465,520) * Nov. 21, 2,322 metric tonnes (S$1,277,430) FILE PHOTO: Storm clouds gather over Shell's Pulau Bukom oil refinery in Singapore January 30, 2016. REUTERS/Edgar Su/File Photo * Dec. 31, 1,076 metric tonnes (S$592,295) * Dec. 31, 1,348.8 metric tonnes (S$736,444.80) * Jan. 5, 801.86 metric tonnes (S$437,815.56) * Jan. 7, 1,260 metric tonnes (S$687,960) WHERE WAS THE OIL HEADED?There have been three ships named in court documents as having received the stolen oil - Prime South, Sentek 26 and MT Gaea. Over the last three months, those vessels have travelled between ports in Singapore, Vietnam, Thailand and Indonesia, shipping data from Thomson Reuters Eikon show. WHAT‘S NEXT?Singapore police say investigations are still ongoing. Six of 17 men initially arrested have yet to face charges. Some of those charged so far are due back in court on Jan. 18 and Jan. 22, and may face additional charges. Compiled by John Geddie and Fathin Ungku


Global debt levels soared to a record high of $233 trillion in the third quarter of 2017, the Institute of International Finance (IIF) said on Thursday, though it noted that robust economic growth meant debt-to-GDP ratios were declining.The Washington DC-based financial industry body said while total debt had risen by $16 trillion in the third quarter compared to end-2016, debt ratio to global gross domestic product (GDP) had fallen for the fourth quarter in a row as the world economy expanded.It was referring to total debt incurred by the household, government, financial and non-financial corporate sectors.

However, China which has accounted for the lion's share of new debt in emerging markets, saw the pace of debt accumulation slow; debt rose by two percentage points last year to 294 percent of GDP, compared to an average annual increase of 17 percentage points in the 2012-2016 period.The IIF warned however, of "heavy emerging market redemptions" noting that over $1.5 trillion of bonds and syndicated loans would be maturing through end-2018.China, Russia, Korea and Brazil had heavy dollar-debt repayment schedule this year, it added.


As the competition for shoppers intensifies, a California mall is now offering customers the perk of having gas delivered to their cars in the parking lot while they shop.The Great Mall in Milpitas, Calif., recently joined with Booster Fuels, an app-based company that comes directly to cars at offices and retail parking spaces and refuels them.

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“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to: expected cost savings, synergies and other financial benefits from our recent purchase of certain assets and assumption of certain liabilities of MBank and Merchants Bancorp pursuant to the Purchase and Assumption Agreement (the "Agreement") with Merchants Bancorp and its wholly owned subsidiary MBank (the "transaction") might not be realized within the expected time frames or at all, and costs or difficulties relating to integration matters might be greater than expected; the Company’s ability to raise common capital; the credit risks of lending activities, including changes in the level and trend of loan delinquencies and write-offs and changes in the Company’s allowance for loan losses and provision for loan losses that may be impacted by deterioration in the housing and commercial real estate markets; changes in general economic conditions, either nationally or in the Company’s market areas; changes in the levels of general interest rates, and the relative differences between short and long term interest rates, deposit interest rates, the Company’s net interest margin and funding sources; fluctuations in the demand for loans, the number of unsold homes, land and other properties and fluctuations in real estate values in the Company’s market areas; secondary market conditions for loans and the Company’s ability to sell loans in the secondary market; results of examinations of us by the Office of Comptroller of the Currency or other regulatory authorities, including the possibility that any such regulatory authority may, among other things, require us to increase the Company’s reserve for loan losses, write-down assets, change Riverview Community Bank’s regulatory capital position or affect the Company’s ability to borrow funds or maintain or increase deposits, which could adversely affect its liquidity and earnings; legislative or regulatory changes that adversely affect the Company’s business including changes in regulatory policies and principles, or the interpretation of regulatory capital or other rules; the Company’s ability to attract and retain deposits; further increases in premiums for deposit insurance; the Company’s ability to control operating costs and expenses; the use of estimates in determining fair value of certain of the Company’s assets, which estimates may prove to be incorrect and result in significant declines in valuation; difficulties in reducing risks associated with the loans on the Company’s balance sheet; staffing fluctuations in response to product demand or the implementation of corporate strategies that affect the Company’s workforce and potential associated charges; computer systems on which the Company depends could fail or experience a security breach; the Company’s ability to retain key members of its senior management team; costs and effects of litigation, including settlements and judgments; the Company’s ability to successfully integrate any assets, liabilities, customers, systems, and management personnel it may in the future acquire into its operations and the Company’s ability to realize related revenue synergies and cost savings within expected time frames and any goodwill charges related thereto; increased competitive pressures among financial services companies; changes in consumer spending, borrowing and savings habits; the availability of resources to address changes in laws, rules, or regulations or to respond to regulatory actions; the Company’s ability to pay dividends on its common stock; and interest or principal payments on its junior subordinated debentures; adverse changes in the securities markets; inability of key third-party providers to perform their obligations to us; changes in accounting policies and practices, as may be adopted by the financial institution regulatory agencies or the Financial Accounting Standards Board, including additional guidance and interpretation on accounting issues and details of the implementation of new accounting methods; other economic, competitive, governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products and services and the other risks described from time to time in our filings with the SEC.

Such forward-looking statements may include projections.Any such projections were not prepared in accordance with published guidelines of the American Institute of Certified Public Accountants or the Securities Exchange Commission regarding projections and forecasts nor have such projections been audited, examined or otherwise reviewed by independent auditors of the Company.In addition, such projections are based upon many estimates and inherently subject to significant economic and competitive uncertainties and contingencies, many of which are beyond the control of management of the Company.Accordingly, actual results may be materially higher or lower than those projected.The inclusion of such projections herein should not be regarded as a representation by the Company that the projections will prove to be correct.The Company cautions readers not to place undue reliance on any forward-looking statements.Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to the Company.The Company does not undertake and specifically disclaims any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.These risks could cause our actual results for fiscal 2018 and beyond to differ materially from those expressed in any forward-looking statements by, or on behalf of, us, and could negatively affect the Company’s operating and stock price performance.


So some of that correlation — which is relatively weak to start with — is not caused by economic conditions; it's that the people at risk happen to live in areas that tended to have lower economic growth." Drug supply seems to play a big role in fueling overdose crises Ruhm claimed that, more than the economy, the bigger driver of overdose deaths was "the broader drug environment" — meaning the expanded supply of opioid painkillers, heroin, and illicit fentanyl over the past decade and a half, which has made these drugs much more available and, therefore, easier to misuse and overdose on.To analyze this, Ruhm's study makes an assumption: If economic (or social) factors were behind the rise in drug overdose deaths, then the availability of certain drugs would only change which drugs are linked to overdoses rather than who is overdosing.show chapters Alkermes CEO: 'Best days are still ahead' for opioid addiction treatment Vivitrol 7:24 PM ET Mon, 8 Jan 2018 | 01:12 Imagine two simplified hypothetical worlds.

In the first, economic hardship is the only cause of drug use.So people in the worst economic conditions are the only people who use drugs.(This is not remotely true in the real world, but, again, this is a very simplified hypothetical.) In this world, you would imagine that a recent spike in the supply of heroin would not make it so wealthy people start using drugs, because they're not going to be using drugs anyway.The only thing an increase in the heroin supply would do is make the drug more accessible — and therefore more used — among the worst-off population that has all the drug users.In the second hypothetical, the supply of drugs is the only cause of drug use.In this case, everyone in all demographics uses drugs at similar rates, but younger people only use heroin while older people only use opioid painkillers.Which group uses more drugs entirely depends on which drug is more available.(Again, not remotely true in the real world.) So an increase in the supply of hero


27 PM / in 9 minutes BRIEF-American National Bankshares Inc Files For Mixed Shelf Of Upto $75 Mln Reuters Staff 1 Min Read Jan 29 (Reuters) - American National B

ankshares Inc : * AMERICAN NATIONAL BANKSHARES INC FILES FOR MIXED SHELF OF UPTO $75 MILLION - SEC FILING Source text ( bit.ly/2DKCYGd ) Further company coverage:


January 18, 2018 / 12:04 PM / Updated 6 hours ago OPEC sees more oil supply from rivals, countering its cuts and Venezuelan woes Alex Lawler 4 Min Read LONDON (Reuters) - OPEC has raised its forecast for oil supply from non-member countries in 2018 as higher prices encourage U.S.shale drillers to pump more, offsetting an OPEC-led deal to clear a supply glut and a deepening plunge in Venezuelan production.In a monthly report on Thursday, the Organization of the Petroleum Exporting Countries said outside producers would boost supply by 1.15 million barrels per day (bpd) this year, up from 990,000 bpd expected previously.“Higher oil prices are bringing more supply to the market, particularly in North America and specifically tight oil,” OPEC said in the report, using another term for shale.OPEC, Russia and several other non-OPEC producers began to cut supply a year ago to get rid of a global glut of crude that had built up since 2014.They have extended the pact until the end of 2018.The OPEC forecast of higher rival supply could add to a debate about the effectiveness of keeping the curbs in place.A ministerial monitoring panel meets this weekend in Oman and is expected to discuss the eventual exit strategy from the deal.But the forecast was balanced by figures in the report showing OPEC’s compliance with the supply cuts remained high in December and a further sharp slide in Venezuelan oil output.Oil prices edged higher after the report was released to trade above $69 a barrel and later steadied.Prices are close to the highest since December 2014.In a further sign excess supply is easing, OPEC said inventories in developed economies declined by 16.6 million barrels in November to 2.933 billion barrels, 133 million above the five-year average.

OPEC’s stated goal is to reduce stocks to the five-year average.VENEZUELA, UAE OPEC’s production in December based on figures it collects from secondary sources showed overall production rising.Total output rose by 42,000 bpd to 32.42 million bpd, led by a gain in Nigeria which along with Libya was exempted from the supply cut because unrest had curbed their production.But adherence by the 11 OPEC members with output targets rose to 129 percent, according to a Reuters calculation based on the OPEC figures, higher than 121 percent in November based on last month’s report.The figures that OPEC members reported themselves showed deeper declines in production.Venezuela, whose output is dropping amid an economic crisis, told OPEC its production sank by about 216,000 bpd to 1.621 million bpd in December, believed to be the lowest in decades.The UAE, which lagged many of its peers on compliance last year, said it cut output by 38,000 bpd to below its OPEC target for the first time.The compliance improvement comes as the country prepared to assume the rotating OPEC presidency in 2018.With outside producers expected to pump more, OPEC in the report cut its estimate of global demand for its crude in 2018 by 60,000 bpd to 33.09 million bpd.Should OPEC keep pumping at December’s level and other things remain equal, the market could move into a deficit of about 670,000 bpd next year, suggesting inventories will be drawn down further.Last month’s report pointed to a similar deficit of about 700,000 bpd.Editing by Jason Neely and Mark Potter


New England Patriots owner Robert Kraft, coach Bill Belichick and quarterback Tom Brady have had significant disagreements this season — behind closed doors — that have led to dysfunction and threaten to end an owner-coach-quarterback relationship that helped the franchise win five Super Bowls over the last 17 years, according to an ESPN report citing a dozen New England staffers, executives, players and other league sources .Much of the friction stemmed from Brady's trainer, body coach and business partner Alex Guerrero, who helped Brady promote a training method both in his new book, "The TB12 Method," and within the team.The TB12 Method had a controversial philosophy on injury-recovery mindset and was loaded with so many rules that one unnamed Patriots staffer said in the ESPN report it "felt like a cult." Read more from USA Today: 2018 NFL mock draft 1.0: Sam Darnold, Josh Rosen vie for No.1 USA TODAY Sports' wild-card playoff picks Social media erupts over hip-hop skating routine Guerrero, invited on the Patriots' staff as a consultant, would blame Patriots trainers for injuries.Belichick confronted Brady in early September about pressure that players were feeling by Guerrero to train at TB12 instead of with the team.There was no resolution to the meeting, ESPN reported.

Belichick, in an effort to clarify Guerrero's role, later emailed Guerrero to let him know he wasn't permitted access to the team headquarters because he wasn't an employee.Among the key disagreements among the three franchise leaders was who would be around last, as well as management of past controversies.Brady, according to the ESPN report, wanted backup QB Jimmy Garoppolo gone.The Patriots eventually dealt Garoppolo to the San Francisco 49ers.The trade left Belichick feeling "furious and demoralized," while Brady's body language showed a "liberated" resolve.That outcome, a Patriots staffer told ESPN, showed Brady "won." The story adds that in the midst of the internal dysfunction, Belichick has "become good friends" with NFL commissioner Roger Goodell, meeting with him for a long and private meeting earlier this season.Another claim: Kraft, according to the report, privately told associates that he went too far in his attacks against the NFL during the Deflategate scandal and penalty, but he was forced to support Brady "for the fans." Messages left by USA TODAY Sports to the Patriots on Friday morning were not immediately returned.The team denied dysfunction in the ESPN story and cited "several inaccuracies."


BEIRUT (Reuters) - U.S., British and German volunteers who have fought Islamic State with Kurdish-led forces in Syria are in the Afrin region to battle a Turkish assault there, an official with the Kurdish-led Syrian Democratic Forces (SDF) said on Wednesday.The Kurdish Afrin region is being targeted in an assault by the Turkish army and Turkey-backed Free Syrian Army groups.“There was a desire on the part of the foreign fighters who fought in Raqqa and who are fighting in Deir al-Zor to go to Afrin,” senior SDF official Redur Xelil told Reuters.

He declined to say when the foreigners had gone to Afrin, but said they numbered in the “tens”.“They will wage battles against the Turkish invasion,” Xelil said.“There are Americans, Britons, Germans, different nationalities from Europe, Asia and America,” Xelil said.Reporting by Tom Perry; Editing by Catherine Evans


CHENNAI, India (Thomson Reuters Foundation) - High school teacher Rajkumar Kotal had run out of ideas.News about his students being pushed into early marriage and lured by traffickers reached him, but often too late to stop it.But when police officials put a letter box in a discreet corner of the Ramgarhat High School in east Indian state of West Bengal, the problem was suddenly solved.“The anonymity of that box gave students the confidence to ask questions, alert authorities and slowly we built a campaign around it to stop child marriages and prevent trafficking,” Kotal, who teaches English, told the Thomson Reuters Foundation.West Bengal accounted for 44 percent of human trafficking cases reported in India in 2016 and also had the most missing children reports, according to government data.Young girls from poor families are lured with promises of marriage or jobs and trafficked to cities where they are sold to brothels or into domestic slavery, campaigners said.The state government and charities working to prevent human trafficking have initiated a host of measures, including efforts to create a database of known traffickers.The letter box scheme is part of a larger initiative by the West Bengal police which has proved so successful that now more than 20,000 students across 200 schools in the most vulnerable districts of the state have “shared secrets” and sought help.Recognising the impact of the initiative, the U.N.children’s agency UNICEF has now partnered with the police to expand the scope of the program across the state.“Girls from the state were being trafficked and then dumped on the streets of Delhi to die,” said police officer Ajey Ranade, who is heading the initiative that is largely targeting school girls in vulnerable districts.

Police officers in plain clothes first started visiting schools in South 24 and North 24 Parganas districts - identified as trafficking hotspots - in 2016 to talk to students.Many policemen had been on rescue missions and had been “emotionally moved” by the plight of trafficking survivors as they saw the impact it was having on young girls, Ranade said.In schools, adolescents were at first reluctant to engage.“We started playing a game called share your secret and suddenly information was flowing,” said Suravi Sarkar of non-profit banglanatak.com which helped the police reach students.Under the program, the police set up committees in schools to educate students about trafficking traps.“Girls appear to be more alert now and information has started flowing in,” Ranade said.“Students are telling us if a classmate has missed school for a few days, strangers hanging around the school route are being reported and some of this information has even led to arrests.” Kotal, who has been a teacher for 10 years, said he found courage to confront his students’ problems with police backing.“Earlier some students would ask for help but we couldn’t do much.This initiative has brought students, law enforcement, parents and teachers on the same platform,” he said.Reporting by Anuradha Nagaraj, Editing by Belinda Goldsmith; Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers humanitarian news, women's rights, trafficking and climate change.Visit www.trust.org


Lower profit forecast for Carrefour but shares rise 8:40pm IST - 01:20 Carrefour shares rose on Thursday, with traders saying that stronger-than-expected fourth quarter sales from the French supermarket retailer had helped to offset the negative impact of a new profit forecast cut from Carrefour.

Francis Maguire reports.Carrefour shares rose on Thursday, with traders saying that stronger-than-expected fourth quarter sales from the French supermarket retailer had helped to offset the negative impact of a new profit forecast cut from Carrefour.Francis Maguire reports.//reut.rs/2mMjj16


January 25, 2018 / 6:23 PM / in an hour Catalan parliament set to vote for regional leader on Jan.30 Reuters Staff 1 Min Read MADRID (Reuters) - The Catalan parliament will vote to choose a new regional leader on Jan.30, the Catalan parliament said in a statement on Thursday.

The only candidate for president of the northeastern Spanish region is sacked former leader Carles Puigdemont who is in self-imposed exile in Brussels after spearheading a drive for secession from Spain.Reporting By Sonya Dowsett; Editing by Jesus Aguado


(Reuters) - American world 100m silver medalist Christian Coleman broke the 60 meters indoor world record on Friday, clocking 6.37 seconds at a meeting in Clemson, South Carolina.Coleman’s mark eclipsed the previous record of 6.39 seconds set twice by fellow American Maurice Greene, the first time in 1998.The performance is subject to ratification by athletics’ world governing body the IAAF.The 21-year-old Coleman, running at Clemson University in his first meeting of the season, had earlier clocked 6.47 seconds in the preliminaries an hour and 40 minutes before the final.

His previous best was 6.45 seconds, which he recorded when he won the U.S.indoor championship last year.He then ran 9.82 seconds, the fastest 100 meters of 2017, at the U.S.outdoor collegiate title meeting.Expected to be America’s next great sprinter, he finished behind Justin Gatlin and ahead of world record holder Usain Bolt in the 100 meters at last year’s world championships in London.Reporting by Gene Cherry in Salvo, North Carolina; Editing by Greg Stutchbury


(Reuters) - The U.S.Federal Aviation Administration has cleared Boeing Co’s ( BA.N ) 787-10 Dreamliner for commercial use, the planemaker said on Monday.The Boeing 787-10, which competes with Airbus SE’s ( AIR.PA ) A350, is a stretched version of the earlier 787-9 Dreamliner and can carry 330 people, seven more than originally designed for.

Boeing said it has more than 170 orders for the fuel-efficient jetliner so far, from nine customers worldwide, and deliveries will start in first half of 2018.Reporting by Sanjana Shivdas in Bengaluru; Editing by Savio D'Souza


January 29, 2018 / 11:55 PM / Updated 41 minutes ago Canada debates new harassment legislation amid #MeToo storm Reuters Staff 3 Min Read OTTAWA (Reuters) - Canada’s parliament began debate on Monday on new legislation to tighten workplace harassment rules, including those governing politicians, as allegations of sexual misconduct mounted against lawmakers on both sides of the political spectrum.The bill, introduced by Prime Minister Justin Trudeau’s Liberal government in November, gained a new prominence after a federal cabinet minister and two provincial party leaders stepped down last week after being accused of inappropriate behaviour.While the proposed law will govern all federal workplaces, including private businesses, the environment among political staffers in Ottawa was in focus as the #MeToo social media movement gained momentum in Canada.“It clearly is a crisis in this workplace,” Employment Minister Patty Hajdu told reporters outside the House of Commons.“We talk a lot about getting women into politics, and if we can’t actually protect the women staffers in our own workplaces, we have a long ways to go.” Last week, Trudeau announced that federal Cabinet Minister Kent Hehr, 48, had resigned pending an investigation into allegations that he made inappropriate comments to women.That announcement followed the resignation of Patrick Brown and Jamie Baillie, the leaders of the Progressive Conservatives in the provinces of Ontario and Nova Scotia, respectively.

The president of Ontario’s Progressive Conservative party, Rick Dykstra, also quit Sunday after Maclean’s magazine published a story containing allegations that Dykstra had sexually assaulted a young political staff member during his time as a federal member of parliament.“[O]ver the next couple of months we will see the party coalesce around a new Leader.As this process unfolds, I have made the decision to step aside as President and take a step back for someone else to lead us through the hard work,” Dykstra said on Twitter.He did not respond to a Reuters request for comment Monday.The government’s legislation would outline procedures from employers to deal with allegations of harassment and bullying, add the option of an outside investigator, and enforce privacy rules to protect victims.Previously, if an employee had a complaint about a member of Parliament, they had to work through the party or the speaker of the House of Commons to resolve the issue.In the United States, sexual harassment allegations have also engulfed men in politics, business and the workplace, inspired by the #MeToo social media movement supported by victims of sexual harassment or abuse.Reporting by Andrea Hopkins in Ottawa and Anna Mehler Paperny in Toronto; editing by Clive McKeef


Jan 17 (Reuters) - Senvest Management LLC: * SENVEST MANAGEMENT LLC EXPRESSES CONCERNS REGARDING THE TERMS OF AURORA CANNABIS, INC’S TAKEOVER BID FOR CANNIMED THERAPEUTICS INC IN LETTER TO THE BOARD; ANNOUNCES VOTING AND TENDER INTENTIONS * SENVEST MANAGEMENT - PROPOSED

PRICE UNDER AURORA CANNABIS‘S BID “SIGNIFICANTLY UNDERVALUES” CANNIMED THERAPEUTICS * SENVEST MANAGEMENT - HAS OWNERSHIP POSITION OF ABOUT 8 PERCENT OF OUTSTANDING SHARES OF CANNIMED THERAPEUTICS Source text for Eikon: Our Standards: The Thomson Reuters Trust Principles.


Jan 8 (Reuters) - Sutlej Textiles And Industries Ltd : * SAYS TO SET UP GREEN FIBRE PROJECT TO MAKE POLYESTER STAPLE FIBRE AT SAMBA, JAMMU

& KASHMIR * SAYS APPROVED DEFERMENT OF BROWNFIELD CAPACITY EXPANSION PLAN AT BADDI Source text - bit.ly/2FeJXIF Further company coverage:


3% Appendix 4: Definitions of Alternative Performance Indicators Organic growth in consolidated revenue: Growth in consolidated revenue expressed as a percentage and adjusted for the impact of (i) changes in exchange rates, using the calculation method described in Chapter 4, Section [REDACTED] of the FY 2015-2016 Registration Document, and (ii) other-than-marginal changes in scope of consolidation.Reported EBITDA: This indicator corresponds to the following, as recorded in the consolidated income statement: recurring operating profit including share of profit of equity-accounted investees whose activities are the same or similar to those of the Group, before (i) net depreciation and amortization expense included in recurring operating profit and (ii) net additions to provisions included in recurring operating profit.Adjusted EBITDA: Reported EBITDA as defined above adjusted for the impact of share-based compensation expense (stock options and free shares granted by Group companies).Adjusted EBITDA margin: Adjusted EBITDA as a percentage of consolidated revenue.Adjusted EBITA: Recurring operating profit reported under IFRS adjusted for the impact of share-based compensation expense (stock options and free shares granted by Group companies) and amortization of intangible assets recognized on consolidation.Adjusted earnings per share: This indicator is calculated based on consolidated profit for the period attributable to owners of the parent adjusted for non-recurring income and expenses, net of the income tax effect calculated at the Group’s standard tax rate of 34%, and amortization of intangible assets recognized on consolidation (mainly customer relationships).Free cash flow: The sum of the following items as otherwise defined and recorded either as individual line items or as the sum of several individual line items in the consolidated cash flow statement: reported EBITDA; net capital expenditure (i.e.

amounts paid as consideration for property, plant and equipment and intangible assets used in operations less the proceeds received from sales of these types of assets); change in operating working capital; tax paid, which notably includes corporate income tax, the CVAE tax in France and the IRAP tax in Italy; other cash movements, which primarily comprise cash outflows related to (i) non-recurring items in the income statement and (ii) provisions recognized for liabilities resulting from fair value adjustments recognized on the acquisition of consolidated companies.Conversion rate: free cash flow as a percentage of adjusted EBITDA.Leverage ratio (as defined in the covenants in the Senior Facilities Agreement and presented for the Group’s debt at a given period-end): The ratio between (i) the Group’s net debt (at a given period-end determined based on the definition and covenants in the Senior Facilities Agreement as described in Chapter 4, Section 4.7.2 of the FY 2015-2016 Registration Document: “Senior Facilities Agreement”, i.e.excluding unamortized issuance costs and the fair value of derivative instruments) and (ii) adjusted EBITDA calculated on a rolling basis for the twelve months preceding the period-end concerned, further adjusted to exclude the impacts of acquisitions and divestments of consolidated companies during the twelve months preceding said period-end.View source version on businesswire.com : Investor relations Marie de Scorbiac [REDACTED] +33 (0) 1 71 06 70 13 or Media Anne-Laure Sanguinetti [REDACTED] +33 (0)1 71 06 70 57 Source: Elior Group


Penguin Random House has acquired Rodale Books from Hearst, adding a stable of wellness and cooking titles to the world’s largest consumer book publisher, the companies announced Tuesday.Rodale Books also focuses on such categories as health and gardening, and includes the children’s imprint Rodale Kids.

The deal price wasn’t disclosed.A...To Read the Full Story Subscribe Sign In


TORONTO, Jan.4, 2018 /PRNewswire/ - Liberty Health Sciences Inc.(CSE: LHS) (OTCQX: LHSIF) ("Liberty" or the "Company") announced today that it has entered into a binding term sheet to acquire all of the issued and outstanding shares of 242 Cannabis Canada Ltd.(the "242 Shares"), whose wholly-owned subsidiary 242 Cannabis, LLC, has agreed to purchase a 387 acre parcel of land in Gainesville, Florida (the "Property").The Property includes over 200,000 square feet of state-of-art greenhouses, head houses, tissue culture lab and processing facilities.The Company plans to retrofit the facilities over the coming months which will enable Liberty to expand their production capacity a year sooner than projected in order to meet the growing patient demand in Florida.Patient count continues to increase and at the end of 2017, approximately 64,000 patients had registered with the state, an almost 300% increase in total patients since June 30, 2017.Upon completion of the retrofit, Liberty will be one of the leading medical cannabis providers in the Florida market with an expected annual capacity of 12,000 Kgs of high quality, affordable, medical cannabis.Use of the facilities as an approved cultivation facility for Liberty under its MMTC license is subject to inspections and/or approvals from the Florida Department of Health, Office of Medical Marijuana Use."This acquisition of nearly 400 acres of property shows Liberty's commitment to provide patients with a consistent supply of high-quality cannabis to meet their medical needs," said George Scorsis, Director and CEO of Liberty."Our state of the art facilities will be equipped with the latest in industry leading lighting technology and process automation." The proposed acquisition will be completed through a series of transactions.The Company expects 242 Cannabis, LLC's purchase of the Property and the subsequent purchase by the Company of the 242 Shares to close on or prior to February 9,2018, and closing is subject to standard due diligence including title, environmental assessments and surveys as well as the satisfaction of conditions precedent in accordance with the purchase and sale contract.As consideration for the 242 Shares, the Company will issue 18,815,322 units of the Company, with each unit being comprised of one common share of the Company and one-half common share purchase warrant, with each whole warrant exercisable at $2.07 for a period of three years from the closing date.

Until such time that the retrofit is completed at the new facility, Liberty will continue to operate their existing 36 acre facility, also in Gainesville.Since acquiring the existing facility, Liberty has made a number of process and automation improvements and expects to complete an increase in growing capacity to 24,000 square feet in early 2018.For more information on Liberty please visit www.libertyhealthsciences.com .About Liberty Health Sciences Inc.Liberty Health Sciences Inc.("Liberty") is an investor and operator in the medical cannabis market, capitalizing on new and existing opportunities in U.S.states where medical cannabis is legal.Liberty's stringent investment criteria for expansion maximizes returns to shareholders, while focusing on significant near- and mid-term opportunities.Liberty has an extensive background in highly regulated industries, with expertise in becoming a low-cost producer.Liberty leverages commercial greenhouse knowledge to deliver high-quality, clean and safe pharmaceutical grade cannabis to patients.CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information in this news release constitutes forward-looking statements under applicable securities laws.Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements.Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "believe", "plan", "intend" or the negative of these terms and similar expressions.Forward-looking statements in this news release include, but are not limited to, expectations related to the Company's future expansion and growth strategies, the completion of 242 Cannabis, LLC's purchase of the Property and the subsequent purchase of the 242 Shares by the Company, the Company's expectations in respect of the future growth of medical cannabis as a treatment option in Florida, the planned retrofitting and equipping of the facilities at the Property and the Company's expectations regarding market position.


Jan 16 (Reuters) - Banco Bpm: * EURO 750 MILLION 7-YEAR COVERED BOND ISSUE SUCCESSFULLY COMPLETED * TRANSACTION

WAS OVER-SUBSCRIBED WITH ORDERS FOR MORE THAN 1 BILLION EUROS Source text for Eikon: Further company coverage:


tax legislation Non-GAAP Operating expenses: Cost of revenue $ 643,197 $ - $ (4,698 ) $ (7,890 ) $ - $ 630,609 Research and development 68,177 - (824 ) - - 67,353 Selling, general and administrative 118,668 - (7,983 ) - - 110,685 Amortization of purchased intangible assets and other 25,526 (25,526 ) - - - - Total operating expenses 855,568 (25,526 ) (13,505 ) (7,890 ) - 808,647 Operating income 122,143 25,526 13,505 7,890 - 169,064 Income taxes 5,391 - - - 6,078 3,250 14,719 Net income $ 116,873 $ 25,526 $ 13,505 $ 7,890 (6,078) $ (3,250 ) $ 154,466 Three months ended December 31, 2016 Reconciliation items GAAP Amortization of purchased intangible assets and other Equity based compensation expense Tax effect Non-GAAP Operating expenses: Cost of revenue $ 620,834 $ - $ (4,998 ) $ - $ 615,836 Research and development 59,990 - (899 ) - 59,091 Selling, general and administrative 124,079 - (8,364 ) - 115,715 Amortization of purchased intangible assets and other 28,231 (28,231 ) - - - Total operating expenses 833,134 (28,231 ) (14,261 ) - 790,642 Operating income 121,593 28,231 14,261 - 164,085 Income taxes 21,037 - - 6,718 27,755 Net income $ 97,793 $ 28,231 $ 14,261 $ (6,718 ) $ 133,567 AMDOCS LIMITED Condensed Consolidated Balance Sheets (In thousands) As of December 31, 2017 September 30, 2017 ASSETS Current assets Cash, cash equivalents and short-term interest-bearing investments $ 965,938 $ 979,608 Accounts receivable, net, including unbilled of $238,304 and $229,695, respectively 919,937 865,068 Prepaid expenses and other current assets 207,288 203,810 Total current assets 2,093,163 2,048,486 Property and equipment, net 364,937 355,685 Goodwill and other intangible assets, net 2,486,885 2,398,535 Other noncurrent assets 456,884 476,674 Total assets $ 5,401,869 $ 5,279,380 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities Accounts payable, accruals and other $ 1,114,260 $ 1,059,855 Deferred revenue 107,436 113,091 Total current liabilities 1,221,696 1,172,946 Other noncurrent liabilities 552,281 532,364 Total Amdocs Limited Shareholders’ equity 3,589,769 3,574,070 N

oncontrolling interests 38,123 - Total Shareholders’ equity 3,627,892 3,574,070 Total liabilities and shareholders’ equity $ 5,401,869 $ 5,279,380 AMDOCS LIMITED Consolidated Statements of Cash Flows (In thousands) Three months ended December 31, 2017 2016 Cash Flow from Operating Activities: Net income $ 116,873 $ 97,793 Reconciliation of net income to net cash provided by operating activities: Depreciation and amortization 49,237 57,552 Equity-based compensation expense 13,505 14,261 Deferred income taxes (9,245 ) 7,355 Excess tax benefit from equity-based compensation (*) - (912 ) Gain from short-term interest-bearing investments (142 ) (194 ) Net changes in operating assets and liabilities, net of amounts acquired: Accounts receivable (68,797 ) (42,555 ) Prepaid expenses and other current assets 2,067 (1,969 ) Other noncurrent assets (4,804 ) (22,774 ) Accounts payable, accrued expenses and accrued personnel 70,632 68,226 Deferred revenue (2,944 ) (6,913 ) Income taxes payable 598 (1,386 ) Other noncurrent liabilities (2,379 ) (456 ) Net cash provided by operating activities 164,601 168,028 Cash Flow from Investing Activities: Purchases of property and equipment (51,779 ) (41,736 ) Proceeds from sale of short-term interest-bearing investments 56,698 67,140 Purchase of short-term interest-bearing investments (52,648 ) (67,714 ) Net cash paid for acquisitions (53,948 ) - Other 707 3,733 Net cash used in investing activities (100,970 ) (38,577 ) Cash Flow from Financing Activities: Payments under financing arrangements - (200,000 ) Repurchase of shares (119,898 ) (80,219 ) Proceeds from employee stock options exercised 31,053 23,705 Payments of dividends (31,736 ) (28,693 ) Excess tax benefit from equity-based compensation (*) - 912 Proceeds from issuance of shares and loan received related to non-controlling interests 48,123 - Net cash used in financing activities (72,458 ) (284,295 ) Net decrease in cash and cash equivalents (8,827 ) (154,844 ) Cash and cash equivalents at beginning of period 649,611 768,660 Cash and cash equivalents at end of period $ 640,784 $ 613,816


LONDON (Reuters) - Sterling jumped above the $1.42 line on Wednesday and is set for its biggest daily rise in more than nine months as strong British employment data and broad-based dollar weakness prompted investors to ramp up long positions in the currency.In recent days, sterling has notched up a series of fresh highs since the vote to exit the EU in June 2016 sent the pound tumbling.The latest boost was provided by upbeat jobs data which allayed fears the economy was struggling and fuelled some bets the central bank may raise interest rates more than once this year.The pound is up as much as 1.6 percent on Wednesday, on track for its best month against the U.S.currency since the middle of 2010, rising more than five percent so far this month.“The fuel behind the rocketing sterling can be traced to the breakdown of the dollar against its rivals and the strong unemployment data, though it remains within broad ranges against the euro,” said Jeremy Stretch, head of G10 FX strategy at CIBC Capital Markets in London.(Graphic for Sterling on track for best monthly gain since mid-2010, click reut.rs/2DwAbQR ) The British currency also climbed against the euro, hitting its best level in six weeks.Market analysts said the labour data had helped sterling, although dollar weakness and broader positive sentiment for the pound were also behind Wednesday’s gains.Official data showed that UK employment surged to a record high and regular wages rose at their fastest rate in almost a year.“The pound was already doing quite well.There’s momentum in that and the data adds to this,” said Bilal Hafeez, macro strategist at Nomura in London.The British currency rose as high as $1.4232.Against the euro, the pound was trading at 87.11 pence per euro.

(Graphic for Pound powers past $1.41 on surge in UK employment, click reut.rs/2DxSipD ) Brexit minister David Davis said on Wednesday that he expects Britain and the European Union will agree to a transition deal on exiting the bloc by the end of March.With traders believing that the risks of a disorderly exit from the EU are receding, investors are looking for signs the Bank of England could hike interest rates more than the single raise this year that the market has currently priced.Interest rate expectations moved up slightly after Wednesday’s employment data, analysts said, given the BoE is watching for signs of pay growth before raising rates again.“The labour data was positive.But it’s not good enough to suggest wage developments are putting upside pressure on inflation,” said Manuel Oliveri, an FX strategist at Credit Agricole.British government bond prices extended their fall across the board and the internationally-focused FTSE 100 was down 0.8 percent.The yield on five-year British government bonds rose back above its peak on the day of June 2016’s Brexit vote on Wednesday for the first time since the referendum, bolstered by strong British employment data and a broad-based rise in global yields.[GB/] “Certainly dollar weakness is a part of this move higher.But this is also a story of sterling resilience,” said Jane Foley, London-based FX strategist at Rabobank.Against the currencies of its biggest trading partners, sterling is at its highest level since mid-2017, but remains far below levels seen before the Brexit vote.Additional reporting by William Schomberg, Julien Ponthus and Saikat Chatterjee; graphics by Ritvik Carvalho, Editing by William Maclean


Jan 29 (Reuters) - Bdo Unibank Inc: * SENIOR VICE PRESIDENT ELEANOR MANUUD

HILADO RESIGNS Source text for Eikon: Further company coverage: ([REDACTED])


A report alleging Intel chips have a security flaw is moving semiconductor stocks.The British tech website Register reported Tuesday that some Intel processors have a "fundamental design flaw" that will spur a significant security update of Linux and Microsoft Windows operating systems to work around it.Shares of AMD were up 5.2 percent Wednesday, while Intel's stock declined 3.4 percent."Programmers are scrambling to overhaul the open-source Linux kernel's virtual memory system," the report said."Crucially, these updates to both Linux and Windows will incur a performance hit on Intel products." show chapters AMD shares surge on report of an Intel chip security flaw 6 Hours Ago | 00:49 The Register cited a post from an AMD employee that implied the company's chips are "not affected" by this particular security issue.The "story backs up what many in the Linux community have been working on for a while now, an undisclosed bug on CPU architectures at the hardware level," Shrout Research's Ryan Shrout wrote in an email.

"This vulnerability will affect a tremendous number of machines and is a very valid concern." "As for it affecting AMD processors or not, high-level developers have been quoted on development forums that the issue only exists on Intel platforms, and that the fix doesn't need to be enabled on AMD hardware," he added.AMD declined to comment on the report.Intel released the following statement Wednesday: "Intel and other technology companies have been made aware of new security research describing software analysis methods that, when used for malicious purposes, have the potential to improperly gather sensitive data from computing devices that are operating as designed.Intel believes these exploits do not have the potential to corrupt, modify or delete data.Recent reports that these exploits are caused by a 'bug' or a 'flaw' and are unique to Intel products are incorrect." Intel shares rose 27 percent in 2017 versus AMD's stock 9 percent decline.Disclaimer


legislative efforts to change the nuclear deal’s so-called sunset provisions as they expire from 2025, so that if Iran were eventually to launch a nuclear arms program, U.S.sanctions would kick in again.In the U.S.Congress, the leaders of the Senate Foreign Relations Committee are working with the White House to write legislation they hope can meet Trump’s demand to eliminate “the disastrous flaws” in the pact.“Presented the right way, it could be just enough to allow Trump to claim a diplomatic victory and sign legislation from Congress,” said a senior EU diplomat.Mogherini will brief EU foreign ministers on Monday, while U.S.Secretary of State Rex Tillerson will meet his British and French counterparts in London and Paris this week on a trip where Iran “will dominate” many conversations, an aide said.“RAGING DISAGREEMENTS” While Britain, Germany and France appear united, Mogherini has so far been unwilling to consider EU sanctions on Iran over its ballistic missiles to avoid jeopardizing the nuclear deal.

Iran already rejected a call in November by French President Emmanuel Macron for talks on its missiles, saying they were solely defensive in nature.“Their concept of dialogue is to explain that they are right,” a Western diplomat said of Iran.Britain, France and Germany also face a divided U.S.government - current and former U.S.officials said it is unclear whether Trump wants to save the pact or has set the Europeans and Congress an impossible task, giving him an excuse to end the deal and for someone to take the fall.”There are these raging disagreements within the (Trump) administration,“ ” said a former U.S.official.“While one group wants to keep the agreement, the other wants this outreach to the Europeans and the Congress to fail and to be able to blame it on them.” Additional reporting by Andrea Shalal in Berlin, Michelle Nichols in New York, Francois Murphy in Vienna, John Walcott and Patricia Zengerle in Washington; editing by Mark Heinrich, William Maclean


* Foreign investment in Air India to not exceed 49 pct * Allows 100 pct FDI in single-brand retail via automatic route * Eases rules on 30 percent local sourcing of products (Adds details on Air India ownership norms, background) NEW DELHI, Jan 10 (Reuters) - India cleared a proposal on Wednesday to allow foreign investors to own up to a 49 percent stake in state-run carrier Air India, paving the way for global airlines to bid for the loss-making flagship carrier.It brings Air India, which previously had to be fully locally owned, in line with the country’s other local airlines in which foreign investment is allowed.India allows 100 percent foreign investment in its other local airlines, but caps foreign airlines’ stake at 49 percent.In Air India, it will now allow a maximum of 49 percent foreign ownership including that by airlines.But substantial ownership and effective control of Air India must remain with an Indian national, the government said in a statement.Prime Minister Narendra Modi’s cabinet gave the go-ahead last year to sell Air India, after successive governments spent billions of dollars in recent years to keep it going.

However, it has yet to decide what to do with the carrier’s debt burden of $8.5 billion.Leslie Thng, chief executive of Vistara, a carrier owned by salt-to-steel conglomerate Tata Group and Singapore Airlines Ltd , last week said the companies were “open to evaluating” a potential bid for Air India.And companies, including low-cost Indian carrier IndiGo, owned by InterGlobe Aviation, Tata Group and Turkey’s Celebi Aviation Holdings, have expressed an interest in buying some of Air India’s various businesses.The government also allowed 100 percent foreign direct investment (FDI) in single-brand retail via automatic route and eased a rule on 30 percent mandatory local sourcing of products for five fiscal years after the opening of the first Indian store.(Reporting by Nigam Prusty; Editing by Muralikumar Anantharaman) Our Standards: The Thomson Reuters Trust Principles.


1 Hour Ago | 01:38 In Janet Yellen 's final meeting as Fed chair, the central bank decided Wednesday against increasing its benchmark interest rate but indicated it expects inflation pressures to heat up as the year moves on.The policymaking Federal Open Market Committee said current conditions indicate that the overnight funds rate should remain anchored at 1.25 to 1.5 percent.The decision, which came at the end of a two-day meeting, was widely expected.Rather than looking for a move on rates, market participants were watching the January Fed meeting for clues on how the central bank might proceed for the rest of the year.According to projections released in December, officials expect three rate hikes this year so long as there is no significant disruption to market conditions.However, the market recently has been entertaining thoughts that the Fed could add another increase, likely at the final meeting of 2018.Government bond yields have been moving up considerably in anticipation of inflation pressures and a more active Fed."We had a hawkish hold here," said Joe Brusuelas, chief economist at RSM."What that growth forecast implies is there are upward revisions coming to growth and likely a change in the balance of risks due to inflation moving toward the central bank's target." Bruseulas thinks the Fed should alter its forecast for three rate hikes this year to four.A tweak in the post-meeting statement could influence the market's view on the rate path."Inflation on a 12-month basis is expected to move up this year and to stabilize around the Committee's 2 percent objective over the medium term," the statement said.

"Near-term risks to the economic outlook appear roughly balanced, but the Committee is monitoring inflation developments closely." The observation on inflation differed from the December statement, which noted that core and headline measurements "have declined" and were "running below 2 percent." In addition, this week's statement noted that "market based measures of inflation compensation have increased in recent months but remain low," a tweak from December which simply noted that the measures "remain low." Inflation has been running consistently below the Fed's mandated target, most recently hovering around the 1.5 percent range.But there have been signs lately that wage pressure is heating up.The Employment Cost Index, a gauge believed to be watched closely within the Fed's halls, showed a 2.6 percent increase for the full year in 2017, the biggest gain since before the financial crisis.Prior to the meeting, the market was pricing in just a 28 percent or so chance of a December rate hike.The market widely expects a quarter-point increase in March.Other parts of the Fed statement were little changed from the December meeting.Committee members removed language that discussed the effects that the violent hurricane season had on economic activity.Officials had not expected the storms to have long-range impacts on growth but did note that there would be effects over the near term.The decision not to hike rates passed unanimously.The January meeting marked Yellen's last as chair; Jerome Powell will take over as chairman within the next few days.


Jan 31 (Reuters) - Strides Shasun Ltd: * SAYS GETS U.S.FDA APPROVAL FOR NYSTATIN AND TRIAMCINOLONE ACETONIDE OINTMENT Source text - bit.ly/2nnKyAr Further company coverage:


(Repeats Jan.23 column.John Kemp is a Reuters market analyst.The views expressed are his own) * Chartbook: tmsnrt.rs/2E1ZV8Q By John Kemp LONDON, Jan 23 (Reuters) - U.S.natural gas prices have bounced sharply from their lows in December after a sustained spell of exceptionally cold temperatures pushed stocks near to the bottom of their five-year range.Futures prices for gas delivered to Henry Hub in February have risen more than 25 percent since Dec.21.Prices for deliveries in July are up 10 percent.The tightening calendar spread, with prompt prices rising much faster than those for deferred contracts, is consistent with a market that is undersupplied and trying to conserve remaining stocks.Rising near-term prices should discourage gas consumption by electric generators in favour of coal while sending a signal to gas producers to increase drilling and output ( tmsnrt.rs/2E1ZV8Q ).Gas stocks have been tightening progressively for 10 months, turning a surplus of 400 billion cubic feet (bcf) to the five-year average in March 2017 into a deficit of 200 bcf by the end of the year.Tightening stocks were not enough to support prices, which fell steadily between May and the week before Christmas.Hedge funds and other money managers became steadily more bearish about the outlook even as prices continued to decline.Hedge fund managers cut a net long position in futures and options equivalent to more than 3,900 bcf in May to just 394 bcf by Dec.19.The ratio of hedge fund long to short positions dwindled from 5:1 in May to just over 1:1 by the middle of last month.SHORT AND CAUGHT The mild start to the winter heating season seemed to encourage increasingly aggressive hedge fund shorting of futures contracts.Hedge fund short positions climbed from a low of 943 bcf in May to peak at 3,204 bcf in the middle of December.The blast of cold weather at the start of January seems to have shaken the market out of this rather complacent view.Gas stocks have fallen by 860 bcf since mid-December, including a record draw of 359 bcf in the first week of January, reflecting temperatures far below normal across the eastern and central United States.In reality, the winter so far has been colder than the previous abnormally warm winters in 2015/16 and 2016/17 but heating demand has been in line with the long-term average.

Stocks, however, are now 360 bcf below the five-year seasonal average and close to the bottom of the five-year range, making the market its tightest in over three years.Even this understates the tightness, because structural demand is increasing due to exports of liquefied natural gas and the growing number of gas-fired power plants entering service to replace old coal units.BEARS REASSESS Power producers are scheduled to bring an extra 20 gigawatts of gas-fired generating capacity online in 2018, the largest annual increase since 2004 (“EIA forecasts natural gas to remain primary energy source for electricity generation”, U.S.Energy Information Administration, Jan.22).The prospect of a tighter market has forced an abrupt turnaround among formerly bearish hedge fund managers and a blistering short-covering rally in prices.Hedge funds have cut short positions by almost 1,300 bcf or more than 40 percent since Christmas, according to position data published by the U.S.Commodity Futures Trading Commission.Mostly as a result, the hedge funds’ net long position has surged from a low of 394 bcf on Dec.19 to 2,074 bcf by Jan.16.Fund managers raised their net long position by 686 bcf in the week to Jan.16 alone, the largest weekly increase since September 2016 and before that December 2013.Short-covering has accelerated the upward move in prices and seems likely to have continued in the most recent week.The market became far too bearish before Christmas on the assumption that mild weather would continue indefinitely.But the concentration of short positions and lack of long ones left prices ripe for a short-covering rally.When the intense cold of early January caught the hedge fund bears sleeping, it forced a reappraisal of the supply, demand and stocks situation going into 2018 and an upward correction in prices.Related columns: “U.S.natural gas prices rise as traders reassess gloomy outlook”, Reuters, Nov.10 “U.S.natural gas prices under pressure even as stocks tighten”, Reuters, Oct.


Jan 11(Reuters) - Beijing Join-Cheer Software Co Ltd : * Says it plans to apply for a comprehensive credit line of up to 100 million yuan S

ource text in Chinese: goo.gl/7pscZv Further company coverage: (Beijing Headline News) Our Standards: The Thomson Reuters Trust Principles.


Jan 30 (Reuters) - Andeavor: * SEES Q4 EARNINGS PER SHARE ABOUT $5.55 TO $5.65 * PLANS FOR 2018-2020 TO GROW EBITDA BY $1.4 BILLION * Q4 RESULTS INCLUDE ABOUT $920 MILLION BENEFIT DUE TO RE-MEASUREMENT OF CO‘S NET DEFERRED TAX LIABILITIES DUE TO TAX LAW * FEDERAL TAX-REFORM LEGISLATION TO RESULT IN ADDITIONAL CUMULATIVE CASH FLOW FROM OPERATIONS OF ABOUT $1 BILLION TO $1.5 BILLION THROUGH 2020 * DURING Q4, REFINING MARGINS WERE REDUCED BY APPROXIMATELY $135 MILLION

* Q4 REFINING SEGMENT OPERATING LOSS EXPECTED TO BE $50 MILLION TO $55 MILLION * AS PART OF ITS FIRST HALF 2018 TURNAROUND PLANS, COMPANY BUILT PRODUCT INVENTORIES THAT WILL BE SOLD IN FIRST HALF OF 2018 * BUILD UP OF PRODUCT INVENTORIES AS PART OF H1 2018 TURNAROUND NEGATIVELY IMPACTED Q4 RESULTS BY ABOUT $50 MILLION * THE PRELIMINARY RESULTS INCLUDE WESTERN REFINING INTEGRATION CHARGES OF ABOUT $25 MILLION FOR Q4 Source text for Eikon: Further company coverage:


(Corrects to read 14.7 trillion, paragraph 4) * Sees production falling 7 percent in 2018 * Looking for partner for Miran and Bina Bawe gas fields * Shares fall 2.2 percent By Ron Bousso and Arathy S Nair Jan 25 (Reuters) - Iraqi Kurdistan-focused Genel Energy expects oil and gas production to fall for a third year in 2018, it said on Thursday, as it shifts its focus to two new gas fields.The decline in production is due to a continuing slide in output from the Taq Taq field, once considered Genel’s flagship field, after the well hit water in 2016.Genel’s operations in the northern Iraqi region were, however, largely unaffected following the Kurdistan Regional Government’s (KRG) independence referendum late last year that led to a military confrontation with Baghdad as well as sanctions from neighbouring countries, its Chief Financial Officer Esa Ikaheimonen told Reuters.Although the unrest slowed Genel’s efforts to find a partner to develop the Miran and Bina Bawe gas fields, Genel is increasingly betting on their development after a recent survey showed a 40 percent increase in gas resources to 14.7 trillion cubic feet.“Things are not on hold when it comes to Miran and Bina Bawe ...

The referendum did not accelerate anything but it is not bad news for Genel,” Ikaheimonen said.Field development plans, carried out by Baker Hughes , will be completed shortly and the company will carry out further test wells this year, it said.Genel plans to spend between $25 and $40 million on the project in 2018 out of a total capital spending programme of $95 to $140 million.The search for a partner for the fields is ongoing, Ikaheimonen added.London-listed Genel said its 2018 production would fall 7 percent to 32,760 barrels of oil and gas equivalent per day (boed) after 2017 output declined by 34 percent.At 0940 GMT, its shares were down 2.2 percent at 132 pence.The company continued receiving regular payments from the KRG throughout 2017.Genel’s cash proceeds, however, grew by around 30 percent in 2017 to $263 million due to higher oil prices.Free cash flow totalled $140 million last year, while net debt dipped to $135 million following the refinancing of existing bonds in December.(Reporting by Arathy S Nair in Bengaluru; Editing by Bernard Orr and Mark Potter)


Nomura: McDonald's top US Restaurant pick for 2018 1 Hour Ago The "Halftime Report" t

raders debate the call of the day -- Nomura raising its target on Mcdonald's to $190.


OSLO (Reuters) - Scientists puzzled on Monday over U.S.President Donald Trump’s assertion that ice caps are “setting records” when much of the world’s ice from the Alps to the Andes is melting amid global warming.Trump cast doubt on mainstream scientific findings about climate change in an interview aired on Britain’s ITV channel on Sunday night, saying “there’s a cooling and there’s a heating”.“The ice caps were going to melt, they were going to be gone by now.But now they’re setting records.They’re at a record level,” he said.Many people use the term “ice cap” to refer to polar sea ice or vast ice sheets on Greenland and Antarctica.It is also a technical term for smaller masses of ice on land, ending in glaciers.“Glaciers and ice caps are globally continuing to melt at extreme rate,” said Michael Zemp, director of the World Glacier Monitoring Service which tracks hundreds of glaciers.Trump’s implication that glaciers and ice caps are growing “is simply wrong.Or maybe he is referring to a different planet,” Zemp said.Melting ice is contributing to push up world sea levels.Andrew Shepherd, a professor of Earth Observation at the University of Leeds, said: “I think despite first appearances he (Trump) has chosen his words carefully.” “He was careful to say ‘setting records’ and not specify whether those are record highs or lows.

And of course he does not mention time either, so it’s not clear what years he is referring to,” he said.Some scientists, in a widely contested projection at the time, wrongly said a few years ago that Arctic sea ice could vanish in summers by around 2015.And sea ice around Antarctica hit a record high extent in the winter of 2014 in apparent defiance of global warming, satellite data from the U.S.National Snow and Ice Data Center (NSIDC) show.“There are, whoever, various reasons for that growth, consistent with climate warming,” said Jack Kohler, of the Norwegian Polar Institute.Some research said shifts in winds may be blowing ice further offshore.Around Antarctica, a long-term expansion of sea ice may have abruptly ended.The ice is now at a record small extent for late January, according to NSIDC data dating back to 1979.At the other end of the planet, Arctic sea ice has set repeated lows in recent decades and is also at a record low for the time of year, NSIDC data show.In another broad sense of ice cap, the U.N.panel of climate scientists wrote in their last review in 2014 that “the Greenland and Antarctic ice sheets have been losing mass”.Reporting By Alister Doyle; Editing by Angus MacSwan


WASHINGTON (Reuters) - The United States is confident that the Afghan Taliban-allied Haqqani network was behind Saturday’s ambulance bomb in the capital, Kabul, that killed more than 100 people, a spokesman for the U.S.-led coalition told Reuters on Monday.“We are very confident the Taliban Haqqani network was behind the killing of more than 103 people this past Saturday,” said Captain Tom Gresback, a U.S.

military spokesman for the NATO-led Resolute Support mission in Afghanistan.Another U.S.official, speaking on condition of anonymity, also said the United States believed the attack was the work of the Haqqani network, which Washington has long said has safe haven in neighbouring Pakistan.Reporting by Phil Stewart and Idrees Ali; Editing by Peter Cooney


January 12, 2018 / 4:30 PM / Updated 9 minutes ago Zimbabwe faces bloodshed if 'illegal regime' stays, Mugabe ally says Joe Brock 4 Min Read JOHANNESBURG (Reuters) - Zimbabwe’s Robert Mugabe was sacked as president illegally and the international community must help remove the “military government” that has taken power or risk the country descending into chaos, an exiled Mugabe loyalist said on Friday.Mugabe, 93, stood down last November, a week after the army and his former political allies turned against him, ending nearly four decades of rule marred by allegations of corruption, human rights abuses and economic negligence.His former vice president, Emmerson Mnangagwa, 75, whose sacking prompted the military takeover that forced Mugabe out, was sworn in as president and the general who led the de facto coup, Constantino Chiwenga, was installed as his deputy.Mugabe’s resignation came in the form of a written statement and he has not spoken since.“The president was alleged to have resigned.There is no evidence,” Jonathan Moyo, a cabinet minister under Mugabe, told Reuters by phone from an undisclosed location, in one of the first detailed accounts from a Mugabe supporter since the coup.“It is completely unsustainable for anyone to say Mugabe resigned voluntarily when we know the army took over all institutions of the state and confined him to his residence.You have to be applying a Banana Republic model to say he resigned.” Moyo was the fiercely combative mouthpiece for a faction in the ruling ZANU-PF party that opposed Mnangagwa and backed Mugabe’s 52-year old wife, Grace, to succeed him.Mugabe’s departure brought tens of thousands of jubilant Zimbabweans onto the streets and was widely cheered by leaders in Africa and the West.But Moyo said the international community, including the African Union and the United Nations, was making a huge mistake if it legitimised a government that came to power via a coup.“This is a military government.You cannot send the arsonists to be the fire brigade,” he said.He said the public was currently living in unprecedented fear of the former soldiers who have taken political office but eventually the masses would not stand for an “illegal regime”.

“FLOODGATES TO CONFLICT” “If you don’t intervene when there has been such an outrageous, brazen attack on a constitutional order, you are simply opening the floodgates to conflict,” he said.“If they don’t act, just as the sun will rise tomorrow, Zimbabwe will be another Somalia.There will be bloodshed.” Government officials could not immediately be reached for comment.But in response to earlier criticisms levelled by Moyo, government spokesman George Charamba said on Thursday the issue of legitimacy or illegitimacy did not arise.He pointed to large demonstrations in November calling for Mugabe’s departure and “across the political spectrum support” for his replacement by a new administration.“So really this is a bitter, bitter defeated politician,” Charamba said.Many of Mugabe’s political allies were either arrested by the military in a series of spectacular raids in the early hours of Nov.15 or they fled into neighbouring countries.Moyo said he narrowly escaped with his life.“This was not Mickey Mouse stuff.There was heavy gunfire for 15 minutes.They shot stun grenades in the house.I was there with my wife and children,” Moyo said, adding that he has since fled to another country over fears for his safety.“They still have aspirations to harm me.” Grace Mugabe’s accelerating presidential ambitions contributed to Mnangagwa and the military taking action to prevent her taking over from her ailing husband.Moyo, a figure reviled in much of Zimbabwe for his often brutal verbal assaults on detractors, says he has no regrets.“I will never, ever accept the proposition that those who use violence have outsmarted me,” he said.“I would rather be hated for standing for my principles and believing in the rule of law than be feared that if people don’t agree with me I will unleash the tanks.” Reporting by Joe Brock, Editing by William Maclean


21 Cash and due from banks 7,142 7,135 Bank premises and equipment 16,583 17,123 Other assets 66,145 64,333 Total non-interest earning assets 89,870 88,591 Total assets 1,302,639 1,209,212 LIABILITIES AND STOCKHOLDERS' EQUITY Interest-bearing liabilities: NOW accounts 326,133 310 0.38 301,073 231 0.31 Savings accounts 181,784 49 0.11 169,424 45 0.11 Money market accounts 130,895 181 0.55 119,185 130 0.43 Certificates of deposit 260,090 687 1.05 265,489 646 0.97 Total interest-bearing deposits 898,902 1,227 0.54 855,171 1,052 0.49 Other borrowed funds 97,867 432 1.75 68,456 241 1.40 Total interest-bearing liabilities 996,769 1,659 0.66 923,627 1,293 0.56 Demand deposits 157,482 146,876 Other liabilities 15,159 13,315 Total non-interest-bearing liabilities 172,641 160,191 Stockholders' equity 133,229 125,394 Total liabilities & stockholders' equity 1,302,639 1,209,212 Net interest income 11,872 10,571 Net interest spread (5) 3.77% 3.65% Net interest income as a percentage of average interest-earning assets 3.88% 3.75% Ratio of interest-earning assets to interest-bearing liabilities 122% 121% (1) Averages are based on daily averages.(2) Includes loan origination and commitment fees.(3) Tax exempt interest revenue is shown on a tax equivalent basis for proper comparison using a statutory federal income tax rate of 34%.

(4) Income on non-accrual loans is accounted for on a cash basis, and the loan balances are included in interest-earning assets.(5) Interest rate spread represents the difference between the average rate earned on interest-earning assets and the average rate paid on interest-bearing liabilities.Three Months Ended December 31, Reconciliation of net interest income on fully taxable equivalent basis 2017 2016 Total interest income $ 12,895 $ 11,169 Total interest expense 1,659 1,293 Net interest income 11,236 9,876 Tax equivalent adjustment 636 695 Net interest income (fully taxable equivalent) $ 11,872 $ 10,571 CITIZENS FINANCIAL SERVICES, INC.CONSOLIDATED AVERAGE BALANCES, INTEREST, YIELDS AND RATES, AND NET INTEREST MARGIN ON A FULLY TAX-EQUIVALENT BASIS (UNAUDITED) Year Ended December 31, 2017 2016 Average Average Average Average Balance (1) Interest Rate Balance (1) Interest Rate (dollars in thousands) $ $ % $ $ % ASSETS Interest-bearing deposits at banks 8,790 15 0.17 22,726 82 0.36 Interest bearing time deposits at banks 8,346 171 2.05 7,232 139 1.92 Total investment securities 278,951 7,023 2.52 354,362 8,470 2.39 Loans, net of discount (2)(3)(4) 883,355 43,445 4.


Jan 8(Reuters) - Ningbo Veken Elite Group Co Ltd * Says co signs agreement to sell 100 percent stake in co’s Ningbo-based textiles unit to

co’s controlling shareholder, for 7.9 million yuan Source text in Chinese: goo.gl/tm2sg8 Further company coverage: (Beijing Headline News)


LONDON, Jan 19 (Reuters) - Global oil markets are tightening quickly on falling supplies from Venezuela, which posted 2017’s biggest unplanned output fall and could see a further decline in 2018, the International Energy Agency (IEA) said on Friday.Debt and infrastructure problems cut Venezuela’s output in December to 1.61 million barrels per day (bpd), somewhere near a 30-year low.That helped oil prices climb above $70 per barrel in early January, their highest level in 3 years.“The general perception that the market has been tightening is clearly the overriding factor and, within this overall picture, there is mounting concern about Venezuela’s production,” the IEA, which coordinates energy policy in industrialised nations, said in its monthly report.

“Given Venezuela’s astonishing debt and deteriorating oil network, it is possible that declines this year will be even steeper...U.S.financial sanctions are also making it tougher for Venezuela’s oil sector to operate,” the IEA said.As a result of lower Venezuelan production, the IEA said OPEC’s crude output in December fell to 32.23 million bpd, boosting the group’s compliance with a deal to curb output to 129 percent.(Reporting by Dmitry Zhdannikov; editing by Jason Neely)


Iran crisis: France criticizes U.S.over U.N.meeting 10:48am EST - 01:52 A United Nations Security Council discussion on Iran's civil unrest turned into criticism of the United States for requesting to meet over what some member states said was an internal issue for Tehran.Matthew Larotonda reports ▲ Hide Transcript ▶ View Transcript A United Nations Security Council discussion on Iran's civil unrest turned into criticism of the United States for requesting to meet over what some member states said was an internal issue for Tehran.

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DUBAI, Jan 24 (Reuters) - Qatar Airways said on Wednesday it is in talks with the U.S.Transportation Security Administration (TSA) to comply with their request for their cargo to undergo enhanced screening.The TSA announced on Monday it would require six Middle East airlines, including Qatar Airways, to toughen cargo security at their hub airports in the region.“Qatar Airways is aware of the new Air Cargo Advance Screening requirements and is liaising with TSA and ...regulators to ensure regulatory compliance,” an airline spokeswoman said in an email.The carriers and airports are Qatar Airways operating out of Doha’s Hamad International Airport, Emirates operating out of Dubai International Airport, Etihad Airways out of Abu Dhabi International Airport, Saudia operating out of Jeddah’s King Abdul-Aziz International Airport and Riyadh’s King Khalid International Airport, EgyptAir operating out of Cairo International Airport, and Royal Jordanian operating out of Amman’s Queen Alia International Airport.

All cargo originating from those airports will have to be screened and secured under Air Cargo Advance Screening protocols.The TSA said most of the requirements were already being voluntarily applied by airlines around the world.(Reporting by Alexander Cornwell, editing by Louise Heavens)


41 PM / Updated 2 minutes ago BRIEF-Evermount Ventures Signs LOI With SW Tech Corp For Proposed Qualifying Transaction Reuters Staff Jan 12 (Reuters) - Evermount Ventures Inc: * EVERMOUNT VENTURES INC.SIGNS LETTER OF INTENT FOR PROPOSED QUALIFYING TRANSACTION * EVERMOUNT VENTURES - CO ISSUING 300 MILLION COMMON SHARES TO SHAREHOLDERS OF SW TECH, AT A PRICE OF $0.125/SHARE FOR AGGREGATE PURCHASE PRICE OF $37.5 MILLION * EVERMOUNT VENTURES INC - ENTERED INTO A LETTER OF INTENT DATED JAN 9, 2018 WITH SW TECH CORPORATION * EVERMOUNT VENTURES - PROCEEDS OF CONCURRENT OFFERING TO BE USED TO ADVANCE EXPLORATION AND DEVELOPMENT OF ORD MOUNTAIN PROJECT OF RESULTING ISSUER * EVERMOUNT VENTURES INC - INTENDS TO CONCURRENTLY COMPLETE PRIVATE PLACEMENT TO ISSUE AGGREGATE OF ABOUT 75 MILLION COMMON SHARES AT $0.125/SHARE Source text for Eikon: Further company coverage:


CHICAGO--(BUSINESS WIRE)-- Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) announced today that it will release fourth quarter 2017 financial results on Wednesday, February 14, 2018, after market close, followed by an extended conference call on Thursday, February 15, 2018 at 10:30 a.m.CT.Hyatt will also provide a supplemental presentation, including 2018 guidance, and an update on the Company’s growth and capital strategy.The presentation will be available on the Company’s website in advance of the call.The Company expects the call to last approximately 90 minutes, including an extended question and answer session.Participants may listen to a simultaneous webcast of the conference call, which may be accessed through the Company’s website at investors.hyatt.com , or by dialing 647.689.4468 or 833.238.7946, passcode #6582455, approximately 10 minutes before the scheduled start time.For those unable to listen to the live broadcast, a replay will be available from 1:30 p.m.CT on February 15, 2018 through February 16, 2018 at midnight by dialing 416.621.4642, passcode #6582455.Additionally, an archive of the webcast will be available on the Company’s website for 90 days.About Hyatt Hotels Corporation Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 13 premier brands.

As of September 30, 2017 the Company's portfolio included 739 properties in 57 countries.The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to create value for shareholders, build relationships with guests and attract the best colleagues in the industry.The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences and vacation ownership properties, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva TM , Hyatt Zilara TM and Hyatt Residence Club® brand names and have locations on six continents.For more information about Hyatt Hotels Corporation, please visit www.hyatt.com .View source version on businesswire.com : Media: Stephanie Lerdall Hyatt Hotels Corporation + 1 312 780 5399 [REDACTED] or Investors: Amanda Bryant Hyatt Hotels Corporation + 1 312 780 5539 [REDACTED] Source: Hyatt Hotels Corporation