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  • April 18- Costco Wholesale Corp is considering building a poultry-processing plant in Nebraska, according to a local development council, a move that would give the retailer tighter control over its chicken supplies. The facility, if built in Nebraska's Dodge County, would create 1,100 jobs, work with local chicken farmers and invest $180 million in the region,...

  • WASHINGTON, April 15- An aggressive advertising and lobbying campaign by conservative activists and financial interests this week stalled a plan in the U.S. Congress to rescue Puerto Rico from crippling debt, while lawmakers adjourned on Friday with no clear path forward. Puerto Rico is staring down a May 1 deadline for paying about $422 million to Government...

  • Energy Information Administration estimates coal production to fall 16 percent in 2016, which would be the largest annual percentage decline since 1958.. April 13, 2016: World's biggest private-sector coal producer, Peabody Energy Corp, filed for U.S. bankruptcy protection after it was unable to service its $10.1 billion debt it incurred mostly for an...

  • NEW YORK, April 12- Lawyers for plaintiffs suing General Motors Co over injuries and deaths blamed on faulty ignitions switches said they are prepared to forge ahead with further trials this year despite promising recent developments for the automaker. The next day, the parties agreed to dismiss the next case slated for trial, brought by an Alabama man suing...

  • *A 7.4 pct decline in S&P 500 earnings forecast for 1st qtr. NEW YORK, April 7- When Wall Street's quarterly earnings season kicks in to high gear next week, hundreds of companies will vie for the bragging rights that come from "beating the Street"- showing revenues and profits that are higher than analysts expected. "For right now there's more of a chance of a positive...

  • By Georgina Prodhan and Tatiana Bautzer. FRANKFURT/ SAO PAULO, April 5- Vale SA has agreed to hand its stake in Brazil's CSA steel plant to majority owner Thyssenkrupp for a token sum, allowing the German company to contemplate relaunching a sale process and Vale to focus on its core mining business. Chief Executive Officer Murilo Ferreira said in February the...

  • *Sale will allow Vale to focus on core mining businesses. SAO PAULO/ FRANKFURT, April 5- Brazilian miner Vale SA has agreed to sell its 27 percent stake in the struggling CSA steel plant to Germany's Thyssenkrupp for a token sum, the two parties said, confirming a Reuters report from Friday. Thyssenkrupp will become the 100 percent owner and have a free hand to do what...

  • SAO PAULO, April 4- Brazilian miner Vale SA said on Monday it will sell its entire 26.87 percent stake in the struggling CSA steel plant to Germany's ThyssenKrupp for a token value, in a bid to focus on core mining businesses with commodity prices at historic lows. The CSA plant cost $10 billion to build and was Brazil's most expensive ever foreign investment...

  • NEW YORK/ SAO PAULO, April 1- Brazilian iron ore miner Vale SA is finalizing a proposal to sell its 26.87 percent stake in a steel slab plant that cost nearly $10 billion to build to Germany's Thyssenkrupp for $1 plus the assumption of some debt, a source close to the deal said. The plant, Brazil's most costly foreign investment project ever, reported 2.6 billion euros...

  • WASHINGTON, March 31- Republican presidential front-runner Donald Trump took a detour off the campaign trail on Thursday, visiting Washington for talks with his foreign policy team after a series of national security statements that have drawn criticism. "The meeting is taking place today in Washington," said Trump campaign manager Corey Lewandowski,...

  • WASHINGTON, March 31- Republican presidential front-runner Donald Trump is expected to be in Washington on Thursday for a private meeting hosted by his top backer in the capital, U.S. He was in Washington on March 21 for talks with Republican lawmakers in a meeting that also was hosted by Sessions. In recent interviews, Trump has declared NATO obsolete, said Saudi...

  • WASHINGTON, March 31- Republican presidential front-runner Donald Trump is expected to be in Washington on Thursday for a private meeting hosted by his top backer in the capital, U.S. If it goes off as planned, it will be Trump's second visit to Washington in two weeks. He was in Washington on March 21 for talks with influential Republican lawmakers in a meeting...

  • NEW YORK, March 30- An index of global stocks on Wednesday climbed to near its highest point of the year while the dollar weakened as easing concerns about potential interest rate increases led investors into riskier assets. Federal Reserve Chair Janet Yellen said on Tuesday the U.S. central bank should proceed cautiously as it looks to raise interest rates,...

  • *Yum Brands up on talks to sell stake in China business. March 23- Falling oil and materials prices dragged the benchmark S&P 500 index lower for the year on Wednesday, while investors remained cautious a day after deadly bombing attacks in Belgium. "That has caused somewhat of a headwind for stocks," said Bucky Hellwig, senior vice president at BB&T Wealth...

  • NEW YORK, March 23- Global equity markets fell and the dollar advanced on Wednesday as hawkish comments by Federal Reserve officials raised the possibility of more U.S. interest rates hikes this year than investors are anticipating. Fed Chair Janet Yellen later told reporters that "caution is appropriate" when it comes to raising rates. They seem to be...

  • March 18- United States Steel Corp said it would idle plants and lay off workers in Alabama, Ohio and Texas as it tries to keep a lid on costs to tackle a steep fall in steel prices. The company said the layoffs could impact 650 union and 120 non-union workers at Fairfield Tubular in Alabama, Lone Star Tubular in Texas and Lorain in Ohio, along with its Oilwell Services...

  • NEW YORK, March 18- Airbus said on Friday it had scheduled the maiden flight of its first U.S.-built jetliner, an A321 that is due to take off on Monday from a factory in Mobile, Alabama. The initial flight schedule is subject to weather or aircraft issues that could cause a delay, Airbus said. Airbus broke ground on the assembly plant in Mobile in 2012.

  • March 18- Battered by war which has inflicted incalculable damage on industry, infrastructure and economy, Syria's currency hit new lows this week after Russia said it was reducing its military support to President Bashar al-Assad. Backed by financial and trade support from Iran, Syria's government succeeded in stabilising the pound early in the conflict.

  • CAPE CANAVERAL, Fla., March 16- United Launch Alliance last year refused to bid on a launch service contract for the U.S. military's next-generation GPS satellite because it was hoping to avoid a "cost shootout" with Elon Musk's SpaceX, according to a ULA vice president. The statements by ULA vice president of engineering Brett Tobey were made on Tuesday at the...

  • "The SEC is certainly not responsible for patching that hole in our campaign finance system, but you can help prevent that hole from being ripped any wider," Schumer said. Budget legislation passed by the Republican-majority Congress at the end of 2015 blocked the SEC from creating a rule on political spending. Peirce, a Republican who is a senior fellow at the...