Ecolab to suspend using Venezuela operations in results

Ecolab Inc. said it will stop consolidating results from its Venezuelan operations into financial results beginning in the first quarter because of currency issues and deteriorating economic conditions in the country. The pest control and sanitizing products company said charges from the deconsolidation and headwinds from devaluation of the Venezuelan bolivar will hurt 2016 earnings by about 17 cents a share. Analysts surveyed by FactSet expect 2016 earnings of $4.98 a share. Ecolab shares were flat at $112.90 after hours.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Volkswagen sales in Canada up 3% in December to 4,508 units

Volkswagen late Tuesday reported its sales in Canada rose 3% to 4,508 units last month, its best December ever. Total sales in Canada climbed 7% to 70,344 in 2015 from 65,677 vehicles in 2014, marking the first time the German automaker sold more than 70,000 units in the country. The automaker made no reference to how its emission-cheating scandal has affected sales.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

China oil demand sees slowest growth since February: Platts

China’s oil demand rose 1.5% to average 10.95 million barrels per day in November compared to a year earlier, according to a late Tuesday report from Platts China Oil Analytics, which is based on the latest Chinese government data. That was the slowest growth since February 2015. Platts expects China’s 2015 oil demand to show an increase of 581,000 barrels a day, or 5.5% year over year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News