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Tesla's 4Q net loss doubles

DETROIT— Electric car maker Tesla Motors says its net loss more than doubled to $320 million in the fourth quarter, hurt by lower-than-planned production of its new Model X SUV. The loss, equal to $2.44 per share, compared to a loss of 86 cents per share in the same quarter a year ago. For the full year, Tesla lost $889 million, wider than a $294 million loss in 2014. Palo...
Source: The Associated Press
US STOCKS-S&P 500 flat; Yellen sees no reason to reverse hike plan

Feb 10- The S&P 500 ended flat on Wednesday, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate hikes but also saw risks to the U.S. economy. The market had traded higher for much of the session after Yellen told Congress she does not expect the central bank to reverse the rate hike...
Source: Reuters | By: Caroline Valetkevitch
UPDATE 1-Tesla says expects to become profitable in 2016

The electric car maker has long enjoyed the status of Silicon Valley darling for its brash innovation in electric cars. Elon Musk- led Tesla said its long-promised moderately priced car, the Model 3, would be unveiled on March 31. Tesla's net loss, however, nearly tripled to $320.4 million, or $2.44 per share, in the fourth quarter ended Dec. 31 from $107.6 million, or...
Source: Reuters
UPDATE 1-Twitter user growth stalls in fourth quarter

The weak results will stoke investor concerns over the company's stalling growth and the effectiveness of Chief Executive Jack Dorsey's turnaround strategy. The microblogging service forecast first-quarter revenue of between $595 million and $610 million, well below the average analyst estimate of $627.1 million according to Thomson Reuters I/B/E/S.
Source: Reuters | By: Lehar Maan
UPDATE 1-Mylan to buy Swedish drugmaker Meda in 9.9 bln deal

Feb 10- Generic drugmaker Mylan NV said it would buy Sweden's Meda AB in a deal valued at $9.9 billion, including debt. Net income attributable to shareholders rose to $194.6 million, or 38 cents per share, from $192.8 million, or 47 cents per share. On a per-share basis, profit fell to 38 cents per share from 47 cents per share a year earlier due to an increase in the...
Source: Reuters
Akamai and Sealed Air Rise, Time Warner and Disney fall

NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq stock market:. Time Warner Inc., down $3.14 to $60.07. Walt Disney Co., down $3.47 to $88.85.
Source: The Associated Press
Whole Foods earnings beat, stock briefly rises 6%

Whole Foods reported quarterly earnings and revenue that beat analysts' expectations on Wednesday.
Source: | By: Sarah Whitten
EMERGING MARKETS-Mexico peso falls while Latam stocks rise after Fed

MEXICO CITY, Feb 10- The Mexican peso hit a record low on a slump in oil prices on Wednesday while Latin American stock markets rose after the Federal Reserve chief said the United States would stick to its plan of "gradual" interest rate hikes. The comments from Fed Chair Janet Yellen eased concerns about the U.S. economy, the world's largest, rallying stock markets...
Source: Reuters
Twitter user growth stalls in fourth quarter

Feb 10- Twitter Inc's average monthly active users stalled in the fourth quarter- the first flat quarter sequentially since the company listed in 2013.. Twitter said in a filing it had 320 million average monthly active users in the quarter, in line with the third quarter and lagging a forecast for 323 million users from RBC Capital Markets.
Source: Reuters
UPDATE 1-Cisco beats profit estimates, adds $15 bln to buyback

Feb 10- Network equipment maker Cisco Systems Inc reported a bigger-than-expected quarterly profit, helped by higher demand for its routers and security products, and added $15 billion to its share buyback program. Cisco boosted its current share buyback plan of $97 billion, of which $16.9 billion was remaining, by $15 billion. Net income rose to $3.1 billion, or...
Source: Reuters