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Egypt's SODIC posts 2013 net loss of $64 million

Egyptian property developer SODIC swung to a net loss of 447.1 million Egyptian pounds ($64 million) last year, due to one-off items including a write-down on its investments in Syria, managing director Ahmed Badrawi told Reuters on Tuesday. The company had made a net profit of 257...

Wall St. gains on earnings; Internet stocks lead

U.S. stocks rose on Tuesday, with both the S&P 500 and Nasdaq on track for a sixth straight day of gains as a number of bellwether companies reported strong results. Netflix Inc ( NFLX.O ) surged 7.1 percent to $373.13 a day after results showed strong subscriber...