BRIEF-Banc of California announces sale of commercial equipment finance division and seasoned residential loan pool
* Banc of California announces sale of commercial equipment finance division and seasoned residential loan pool
March 31 Logistics company UTi Worldwide Inc reported a bigger-than-expected quarterly loss, hurt by weak demand for air freight.
Net loss attributable to UTi Worldwide narrowed to $50.7 million, or 48 cents per share, for the quarter ended Jan. 31 from $142.8 million, or $1.38 per share, a year earlier.
UTi posted a loss of 15 cents per share, excluding items.
Revenue fell 2.1 percent to $1.08 billion.
Analysts on average had expected an adjusted loss of 11 cents per share on revenue of $1.09 billion, according to Thomson Reuters I/B/E/S. (Reporting by Ankit Ajmera in Bangalore; Editing by Kirti Pandey)
* Q3 earnings per share view $0.69 -- Thomson Reuters I/B/E/S
BERLIN, Oct 28 German inflation accelerated further in October, regional data suggested on Friday, a welcome sign for the European Central Bank that its ultra-loose monetary policy is gradually pushing up price pressures in Europe's biggest economy.