Analyst news

• Wall Street cuts losses late to end tad lower

  09-02-2016 23:22 via news.yahoo.com
  
  (Reuters) - U.S. stocks ended a volatile session slightly lower on Tuesday as a late-day rally led by materials and healthcare shares offset another big drop in oil prices.
  
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• More pain possible for Fitbit shareholders as lockup expires

  09-02-2016 23:12 via news.yahoo.com
  
  Fitbit Inc's stock, already at a record low, could take another hit on Wednesday, when insiders and employees will be allowed to sell some 127.3 million shares that had been locked up. "The stock is in a steep downtrend and negativity begets more negativity on Wall Street," said John Gardner, managing member at Aptus Capital Advisors LLC in Fairhope, Alabama. "Fitbit would be on our radar once price tells us that this negative downtrend is over.
  
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• Wall Street inches lower, Europe shares sink on growth fears

  09-02-2016 22:55 via news.yahoo.com
  
  The S&P energy index closed down 2.47 percent and stood out as the day's weakest sector after Brent crude settled 7.8 percent lower on the day. "There may be some hope there that (Federal Reserve Chair Janet Yellen) is going to say something to buoy the markets," said Peter Jankovskis, co-­chief investment officer at OakBrook Investments LLC in Lisle, Illinois. Yellen will address Congress on Wednesday.
  
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• NZD/USD Shorts Favored Sub-6759 - Range Break to Clear the Way

  09-02-2016 22:03
  Kiwi is trading within well-defined range & we’ll be looking for the break to validate our scalp bias. Here are the updated targets & invalidation levels that matter.
  
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• Monsanto to pay $80 million in SEC settlement over Roundup earnings

  09-02-2016 21:47 via news.yahoo.com
  
  Monsanto Co will pay $80 million to settle civil accounting violations after it allegedly misstated its earnings in connection with its top-selling Roundup product, U.S. securities regulators said on Tuesday. The Securities and Exchange Commission also said that three accounting and sales executives have also agreed to settle charges in connection with the case. The SEC's case against Monsanto revolves around a corporate rebate program designed to boost sales of Roundup, a popular weed killer.
  
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• Electronic Card Retail Sales. New Zealand, 11:45 pm

  09-02-2016 21:45 via liteforex.com
  Forex analytics: Data on Electronic Card Retail Sales for January is due in New Zealand at 11:45 pm (GMT+2). The data measures the number of purchases made using debit and credit cards and reflects situation in the retail sector. A high result might strengthen the NZ Dollar.
  
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• January’s $10,000 Challenge Winner

  09-02-2016 21:00
  FXCM and DailyFX are happy to announce our $10,000 Monthly Challenge winners for the first month of 2016 trading. Learn more about January's contest here!
  
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• Oil slumps 7 percent ahead on expected U.S. crude build, slowdown fear

  09-02-2016 19:45
  By Barani KrishnanNEW YORK (Reuters) – Oil prices fell nearly 6 percent on Tuesday as equity markets remained weak and forecasts of swelling record high U.S. crude stockpiles faced expectations that global demand will not grow quickly enough to erase the overhang of crude any time soon.
  U.S. gasoline futures fell to a 2008 low ahead of the American Petroleum Institute’s (API) weekly report expected to show crude and gasoline stocks growing to new record highs.
  Weak equity markets als
  
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• Energy, financials drag Wall Street as tech rebound fades

  09-02-2016 19:08 via news.yahoo.com
  
  The continued slide in oil prices has roiled energy stocks and also weighed on the broader market for most of this year. U.S. stock indexes have struggled for most of 2016, falling sharply in the previous two sessions, on increasing worries of a sustained global slowdown and falling oil prices.
  
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• Energy, financials drag Wall St as tech rebound fades

  09-02-2016 19:03 via news.yahoo.com
  
  Wall Street was lower on Tuesday, after bouncing between gains and losses in a choppy session, as the beaten-down energy and financials stocks fell further and a rebound in technology faded. Benchmark Brent crude prices were down 5 percent. The continued slide in oil prices has roiled energy stocks and also weighed on the broader market for most of this year.
  
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• Gold Prices Shine to 8 Month High

  09-02-2016 18:56
  Gold prices increases to the highest level in 8 months on a weakening US Dollar. $1225/oz is the next level of resistance.
  
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• Viacom CEO rails against 'naysayers' as sales miss estimates, shares tumble

  09-02-2016 18:14 via news.yahoo.com
  
  Viacom Inc CEO Philippe Dauman railed at critics of his leadership after a fifth straight quarter missing Wall Street's sales estimates on Tuesday, unnerving investors and sending the media company's shares down more than 15 percent to a four-year low. “I could not be more focussed on getting Viacom’s stock price back to the much higher level enjoyed under my leadership just a short time ago," he said. The future of Viacom and to a lesser extent CBS, both majority-owned by Redstone,
  
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• Wall St flat as tech rebound offsets energy, financials

  09-02-2016 17:34
  By Abhiram Nandakumar(Reuters) – Wall Street bounced between gains and losses in choppy trading on Tuesday, as a decline in energy and financial sectors offset gains in materials and technology stocks. Four of the 10 major S&P sectors were lower, with energy down 1.7 percent and financials off 0.43 percent. The financial sector has taken the biggest beating this year, falling 15 percent, as recession fears compounded concern about their exposure to the energy sector and expectations th
  
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• Deutsche Bank shares hit as markets fret over European banks

  09-02-2016 17:24
  FRANKFURT, Germany (AP) — The CEO of Deutsche Bank reassured employees and markets that the company’s finances were “rock-solid” as Europe’s banks took another a beating in the stock market Tuesday.
  Shares in Germany’s biggest lender were down another 5 percent in afternoon trading in Europe. They’re now down 23 percent since Jan. 28, the day bank reported a 6.8 billion euro ($7.5 billion) loss for 2015.
  CEO John Cryan told employees in a message posted
  
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• GBP/USD – Lots of Questions

  09-02-2016 17:10
  GBP/USD fails near key retracement, Important timing pivot ahead.
  
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• Obama seeks over one-third rise in U.S. cyber security funding

  09-02-2016 17:00 via news.yahoo.com
  
  President Barack Obama's budget proposal for the 2017 fiscal year seeks $19 billion for cyber security across the U.S. government, a surge of $5 billion over this year, according to senior administration officials. The request comes as the Obama administration has struggled to address the growing risk posed by criminals and nation states in the digital world. Cyber threats are "among the most urgent dangers to America’s economic and national security," Obama said in a Wall Street Journal o
  
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• FTSE At 2012 Low Amid World Market Rout

  09-02-2016 16:45 via news.yahoo.com
  
  The global stock market rout has intensified, with Japan's Nikkei losing 5.4% of its value in a horror show of a trading day that saw a rush for safe havens such as gold and the yen. Its share price has plunged almost 40% since the beginning of 2016.
  
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• Wall St turn positive after weak start as tech rebounds

  09-02-2016 16:18 via news.yahoo.com
  
  Wall Street eked out small gains in early trading on Tuesday, easing off a lower opening, as a drop in energy and financial stocks was offset by a rebound in the technology sector. Six of the 10 major S&P sectors were lower, led by a 0.9 percent rise in the technology sector. "The general thematic continues to be the European banking situation that has unhinged the risk market and slowly crept into the credit markets," said Chad Morganlander, portfolio manager at Stifel, Nicolaus & Co in
  
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• Goodyear reports 4Q loss on hefty charge

  09-02-2016 15:36 via news.yahoo.com
  
  NEW YORK (AP) — The Goodyear Tire & Rubber Co. on Tuesday swung to a fourth-quarter loss on charges and tire sales fell, but the results still topped Wall Street expectations.
  
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• Goldman CEO eyes more cost cuts amid global growth concerns

  09-02-2016 15:29 via news.yahoo.com
  
  Goldman Sachs Group Inc's chief executive officer signaled the U.S. bank could cut costs yet again as market turmoil, declining oil prices and concerns about Germany’s Deutsche Bank AG have cratered the sector's shares this year. "We can absolutely do a lot more on the cost side if we have to, especially now, when you have to deliver a return," CEO Lloyd Blankfein said on Tuesday while speaking at the Credit Suisse financial services forum in Miami. "We take a particular and energetic look
  
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• The EUR/USD Breaks to New Weekly High

  09-02-2016 15:25
  The EUR/USD is attempting to breakout higher this morning above resistance found at 1.1264
  
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• Bad loan clean-up takes toll on state banks' earnings

  09-02-2016 15:07 via news.yahoo.com
  
  Punjab National Bank (PNB), India's fourth-biggest state-run lender by assets, posted a 93 percent fall in December-quarter profit, and said it expected bad loans to rise further in the current quarter. More than two dozen lenders majority owned by the government dominate India's banking sector with two thirds of the assets. Indian banks, burdened by their highest stressed-assets ratio in 13 years, have been asked by the Reserve Bank of India (RBI) to treat some troubled accounts as non-performi
  
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• U.S. small business confidence at two-year low

  09-02-2016 15:04 via news.yahoo.com
  
  U.S. small business confidence fell in January to its lowest level in nearly two years amid worries about the near-term outlook for business conditions and sales growth, consistent with a recent slowdown in economic growth. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index fell 1.3 points to 93.9 last month, the weakest reading since February 2014. The NFIB said there was little sign that a stock market selloff and December's interest rate hike by
  
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• Nikkei Takes 5% Hit, Negative Rates Fast Becoming a Cautionary Tale

  09-02-2016 15:01
  When the BoJ made the surprise move to negative rates, it was difficult to determine what all that would entail. But now we're seeing that it's not pretty.
  
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• Analytical review of Alcoa Inc.

  09-02-2016 14:59 via liteforex.com
  Forex analytics: AlcoaInc., #AA [NYSE]Industrial products, Aluminum, USA
  Financial performance of the company:Index – S&P 500Beta – 1.14Capitalization – 10.35 BReturn on asset: -0.50%;Income: -121.00 М;Average volume – 34.20 М;P/E: -;ATR – 0.50.Analytical review:The company ranks 64th in capitalization in the sector of “Industrial goods” among the issuers trading in the US stock market.
  Over ...
  
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• CVS meets 4Q profit forecasts, reaffirms 2016 outlook

  09-02-2016 14:54
  CVS Health’s fourth-quarter profit rose 13 percent, as acquisition gains helped the drugstore operator and pharmacy benefits manager meet Wall Street’s earnings expectations.The Woonsocket, Rhode Island, company said its $10-billion acquisition of pharmaceutical distributor Omnicare helped increase revenue in both its main businesses. That deal, which closed last summer, gave CVS Health national reach in dispensing prescription drugs to assisted living and skilled nursing homes, long
  
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• Silver Prices To Trade At $15.98 If The Correlation To Gold Holds

  09-02-2016 14:43
  With the DAX 30 reaching a new monthly low this morning, silver prices may rally once again.
  
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• EUR/USD, USD/JPY Hint at Ugly Potential for USDOLLAR Index

  09-02-2016 14:17
  The USDOLLAR Index is treading water, but be wary of the inconsistent performance of its sub-components.
  
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• Star Wars powers Cineplex to record earnings

  09-02-2016 14:15 via news.yahoo.com
  
  The Toronto-based theatre chain said Tuesday its fourth quarter net income was a best-ever $76.8 million, more than double what it was a year earlier. The entertainment company credited Star Wars: The Force Awakens for much of that boost. The seventh instalment of the Star Wars franchise has gone on to become one of the highest-grossing films ever, with a worldwide box office tally of $2 billion US as of this past weekend.
  
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• Italian bank UniCredit earnings drop amid market turmoil

  09-02-2016 14:04 via news.yahoo.com
  
  MILAN (AP) — Italian lender UniCredit says its earnings dropped in the fourth quarter, on a day its shares were being battered amid broad concerns over the country's banking system.
  
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• Futures lower as investors shy away from risk

  09-02-2016 13:30
  By Aastha Agnihotri(Reuters) – U.S. stock index futures were lower on Tuesday, as cautious investors doubled down on safer assets amid increasing concerns of a sustained slowdown in global economic growth.
  * Gold prices <XAU=> steadied near seven-month highs, while yields on Japan’s 10-year government bond slipped into negative territory for the first time ever on Tuesday.
  * Global markets were lower, led by a fall in European bank stocks. Chinese markets are closed through the
  
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• EUR/USD: support from demand for EUR

  09-02-2016 13:06 via liteforex.com
  Forex analytics: Current trendAt the beginning of the month, the EUR/USD pair grew sharply and consolidated in the area of 1.1250 amid negative macroeconomic statistics, released in the US. However, later on, the European currency came under pressure from weak data for Germany and the eurozone as a whole, and the pair was trading within the sideways channel 1.1245-1.1085.Today, amid the lack of macroeconomic ...
  
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• GBP/USD: the pair is in the downtrend

  09-02-2016 13:02 via liteforex.com
  Forex analytics: Negative data on German industrial production and trade balance, released at the opening of the European session, caused the fall of Euro (including the cross pair EUR/GBP). This news, however, provided support to the Pound, which has been under pressure since the beginning of this week. However, on the daily and four-hour chart the indicators OsMA and Stochastic are in favour of the sellers. On ...
  
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• NZD/USD: determining factor

  09-02-2016 12:55 via liteforex.com
  Forex analytics: At the moment the pair NZD/USD is at the important support level of 0.6585, which is crossed by the moving average line ЕМА50 on the daily chart and ЕМА200 on the hourly and 4-hour charts. Consolidation above or below this level will determine further movement direction in the pair in the short-term. In case of breakdown of this level the pair NZD/USD will go back to downtrend; the rise ...
  
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• NZD/USD: what will Janet Yellen’s speech contain?

  09-02-2016 12:50 via liteforex.com
  Forex analytics: Due to New Year holiday in China, Chinese financial markets will be closed this week. It means that a strong factor, as Chinese stock market, affecting movement direction of the global stock market, will be absent this week. Therefore, the movement in the commodity currencies, such as CAD, AUD and NZD will depend on oil price and the price of commodities and also on such fundamental factors as ...
  
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• GBP/USD: prospective of the British Pound by the end of 2017

  09-02-2016 12:25 via liteforex.com
  Forex analytics: Last week, the Bank of England left interest rate at the level of 0.5%. The rate has been at this level since March 2009. Although some of the British economists supposed that the interest rate could be raised, current situation in the world finance markets are against this prospective. At the end of last month the head of the Bank of England Mark Carney said that there was no ground for raising ...
  
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• European stocks struggle to bounce back from rout

  09-02-2016 12:01 via news.yahoo.com
  
  European stock markets struggled Tuesday to find a solid footing after a massive sell-off worldwide as fresh fears for the banking sector sent traders hunting for safe investments. European indices were mostly lower heading into midday but losses were less sharp than evident during the previous session. Following heavy falls also on Wall Street, Asia picked up the baton Tuesday, resulting in Tokyo's main index plunging more than 5.0 percent as investors sought the safety of the yen.
  
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• DAX 30 Remains Bearish, EU GDP Is Likely To Slow

  09-02-2016 12:00
  The DAX 30 is short-term oversold this morning and looks ready for a bounce. However, with the overall trend being bearish below Friday's high of 9490, most traders will see a correction to yesterday's breakdown level of 9260 as an opportunity to add to their bearish exposure.
  
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• British Pound Unchanged on Better Trade Balance, Risk Trends Dominate

  09-02-2016 11:25
  The British Pound was little changed versus other majors after today’s better than expected trade balance figures, as risk trends dominate
  
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• Analytical review of the currency pair EUR/USD

  09-02-2016 10:58 via liteforex.com
  Forex analytics: EUR/USD
  Technical data of the currency pair:Previous closing: 1.1193;Daily range: 1.1086-1.1238;Opening: 1.1193;52- week range: 1.0456-1.1713;Annual revenue: -1.00%;Change in % for the previous day: +0.40;Analytical review:
  On 1 February executives of the European Central bank has announced that in the near future the bank is not going to introduce incentives, which can weaken Euro.
  Important ...
  
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• Sanofi pledges stable 2016 earnings

  09-02-2016 10:45 via news.yahoo.com
  
  By Matthias Blamont and Noëlle Mennella PARIS (Reuters) - Sanofi said it expected stable earnings per share this year after reporting lower fourth-quarter income on Tuesday, hurt by declining sales of diabetes and cancer treatments and other prescription drugs. The French drugmaker, which is in the midst of a reorganisation to address falling sales of its best-selling insulin drug Lantus, said sales of its next-generation insulin treatment Toujeo launched last year doubled in the fourth qua
  
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• FTSE 100: Correction to a Bearish Trend

  09-02-2016 10:32
  The FTSE 100 is expected to reach the January 20 low of 5600 as long as price trades below last week’s high of 5949.
  
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• Sanofi reports flat 2015 earnings

  09-02-2016 10:31
  PARIS (AP) — French drug maker Sanofi says its bottom line was roughly stable last year as it advanced efforts to reshape its drug portfolio and pursue research and development tie-ups in oncology and diabetes.
  Sanofi made 4.29 billion euros ($4.8 billion) last year, compared to 4.39 billion in 2014. In a statement, Sanofi said it “made meaningful progress with key launches, multiple business development activities and our efforts to simplify the organization.”
  In December San
  
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• Markets: Flight To Safety As Nikkei Falls 5.4%

  09-02-2016 10:05 via news.yahoo.com
  
  The global stock market rout has intensified, with Japan's Nikkei losing 5.4% of its value amid a rush for safe havens such as gold and the yen. While trading across Asia was largely muted because of continuing Chinese New Year holiday celebrations, the Nikkei followed European and US stock markets down after they endured further losses on Monday. It was a brutal session in Japan, though the Nikkei's close failed to spill into Europe in early trading, with the FTSE 100 (NasdaqGS: Z - news) openi
  
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• Swiss drugmaker Actelion forecasts earnings growth in 2016

  09-02-2016 09:38 via news.yahoo.com
  
  By John Miller ZURICH (Reuters) - Actelion , Europe's largest biotechnology company, forecast that its core earnings would grow in 2016, defying concerns about rising generic competition in its main pulmonary arterial hypertension drug business. This year, Actelion expects a small percentage increase in core earnings at constant exchange rates. While that is under the 14 percent increase in 2015, it exceeds analyst forecasts for a potential drop in profit.
  
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• Trade Balance; non-EU. UK, 11:30 am

  09-02-2016 09:30 via liteforex.com
  Forex analytics: Data on Goods Trade Balance with non-EU countries for December is due in the UK at 11:30 am (GMT+2). The country’s trade deficit is expected to increase to 2.55 billion from 2.45 billion pounds. The indicator measures difference between the value of goods and services exported out of and imported into the country. A negative value shows a trade deficit and might affect the Pound.
  
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• Goods Trade Balance. UK, 11:30 am

  09-02-2016 09:30 via liteforex.com
  Forex analytics: Data on Goods Trade Balance for December is due in the UK at 11:30 am (GMT+2). The country’s trade deficit is expected to decrease to 10.35 billion from 10.64 billion pounds. The indicator measures difference between the value of goods and services exported out of and imported into the country. A negative value shows a trade deficit and might affect the Pound.
  
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• Oil prices rise, U.S. crude shrugs off equity slump

  09-02-2016 08:56 via news.yahoo.com
  
  By Aaron Sheldrick TOKYO (Reuters) - Crude oil prices rose on Tuesday, with U.S. crude shrugging off big drops in Japan's stock market and eroding some of the previous session's losses that were driven by festering concerns about global oversupply. U.S. crude was up 33 cents at $30.02 a barrel at 0720 GMT, after rising as far as $30.30. It settled the previous session down $1.18 at $33.88 in the day session of losses.
  
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• AUD/USD: pair starts week in flat

  09-02-2016 08:31 via liteforex.com
  Forex analytics: Current trendYesterday the pair showed choppy trade and slightly strengthened for the day.The Australian Dollar was supported by data on the AZN Job Advertisements that in January grew by 1.0% against a 0.1% decline in the previous month.In addition, the USD remains under pressure amid lowered probability of interest rate hikes this year. Investors’ attention is focused on tomorrow’s ...
  
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• Sanofi pledges stable 2016 earnings despite fourth-quarter decline

  09-02-2016 08:27 via news.yahoo.com
  
  Sanofi reported lower fourth-quarter earnings on Tuesday, hurt by declining sales in divisions such as diabetes, oncology and prescription drugs, but said it expected 2016 earnings per share to be stable. The French drugmaker, in the midst of a reorganization designed to address falling sales of its insulin drug Lantus, said sales of a next-generation basal insulin called Toujeo, which was launched last year in the United States, had more than doubled between the third and the fourth quarter. Sa
  
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