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  • Jan 28- Walgreens Boots Alliance Inc, the largest U.S. drugstore chain, said it would immediately suspending Theranos's laboratory services at a store in California. The news comes a day after the U.S. government's Centers for Medicare& Medicaid Services said that Theranos' deficient practices at the Newark lab posed "immediate jeopardy to patient health and...

  • Jan 28- Walgreens Boots Alliance Inc, the largest U.S. drugstore chain, said it would immediately suspending Theranos's laboratory services at a store in California. Walgreens said it has told Theranos, a blood-testing startup, to immediately stop sending any lab tests provided through Theranos Wellness Centers at Walgreens to its lab in Newark, California...

  • JAKARTA, Jan 28- Indonesia's government and Freeport McMoRan Inc on Thursday failed to reach a deal on extending the U.S. mining giant's six-month export permit, potentially halting shipments from Indonesia's massive Grasberg copper and gold mine. Freeport's six-month export permit for its Indonesian unit expired on Thursday but it was still unclear how...

  • Avnet misses Street 2Q forecasts Thursday, 28 Jan 2016 | 9:05 AM ET

    PHOENIX _ Avnet Inc. on Thursday reported fiscal second-quarter profit of $156 million. For the current quarter ending in April, Avnet expects its per-share earnings to range from 93 cents to $1.03. Avnet expects full-year earnings to be $2.34 per share.

  • Meritage beats 4Q profit forecasts Thursday, 28 Jan 2016 | 9:03 AM ET

    SCOTTSDALE, Ariz. _ Meritage Homes Corp. on Thursday reported fourth-quarter net income of $52.9 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share. Three analysts surveyed by Zacks expected $801.8 million.

  • JAKARTA, Jan 28- Indonesia's government and Freeport McMoRan Inc are meeting on Thursday in last-ditch talks to prevent a halt in exports of copper concentrate from the U.S. mining giant's massive Grasberg mine in the province of Papua. "There has been no information whatsoever from Freeport that states whether they are able to pay or not," Mohammad Hidayat, the...

  • BOSTON— A lawyer for a Chinese national who supplied Iran with U.S.-made devices that can be used to convert uranium for nuclear weapons is criticizing the U.S. government for dropping charges against his Iranian co-defendant as part of a breakthrough U.S.- Iran deal. The criticism was leveled Wednesday during a sentencing hearing for Sihai Cheng, who...

  • Jan 27- Deficient practices at a lab operated by blood-testing startup Theranos pose "immediate jeopardy to patient health and safety," the U.S. government's Centers for Medicare& Medicaid Services said in a letter to the company released on Wednesday. Theranos, founded and led by Elizabeth Holmes, has been in the spotlight after reports in the Wall Street...

  • Knight Transportation tops 4Q profit forecasts Wednesday, 27 Jan 2016 | 4:13 PM ET

    PHOENIX _ Knight Transportation Inc. on Wednesday reported fourth-quarter profit of $29.2 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. Knight Transportation shares have decreased almost 2 percent since the beginning of the year.

  • WASHINGTON— Few neighborhoods can match the perks of Adams Morgan in Washington, D.C.— a reality that reflects a broader problem for the U.S. housing market. And many of those neighborhoods exist in only two cities: Washington and Seattle, according to a new analysis released Wednesday by the real estate brokerage Redfin. Some cities, such as Baltimore, Boston and...

  • But Air Force Secretary Deborah James and Pentagon acquisition chief Frank Kendall failed to stem sharp criticism from several members of the Senate Armed Services Committee who view Russia as the chief geopolitical threat to the United States. John McCain, R- Ariz., they said using the Russian engines enriches President Vladimir Putin's inner circle and...

  • BOSTON— A lawyer for a Chinese national who supplied Iran with U.S.-made devices that can be used to convert uranium for nuclear weapons is criticizing the U.S. government for dropping charges against his Iranian co-defendant as part of a breakthrough U.S.- Iran deal. The criticism was leveled Wednesday during a sentencing hearing for Sihai Cheng, who...

  • Navajo lawmakers approve water rights settlement with Utah Wednesday, 27 Jan 2016 | 12:51 AM ET

    FLAGSTAFF, Ariz.— Lawmakers on the Navajo Nation approved legislation Tuesday to settle the tribe's claims to water in the upper Colorado River basin in Utah. The Navajo communities in Utah currently use only a fraction of the water allocated in the settlement. It would not take effect until Congress appropriates about $200 million for water infrastructure...

  • *Govt demands Freeport pay $530 million smelter deposit. *Freeport says requirement is "inconsistent" with 2014 deal. Indonesia's government has said the U.S. mining giant must provide a $530 million deposit by Thursday to prevent a possible halt in copper concentrate exports from its massive Grasberg mine in the province of Papua.

  • The Phoenix, Arizona- based company said it was looking to advance the sale of interests in certain mining assets to help reduce its debt, which stood at $20.43 billion at the end of December, nearly four times its market value of about $5 billion. The company's average realized price for copper in the quarter fell to $2.18 a pound, from $2.95 in the same period last...

  • Jan 26- Diversified U.S. miner and oil producer Freeport-McMoRan Inc reported a bigger fourth-quarter loss, squeezed by plunging commodity prices and flagging Chinese demand. The Phoenix, Arizona- based company, which is under pressure from activist investor Carl Icahn, said its quarterly net loss attributable to common stock was $4.08 billion, or $3.47 per...

  • *Govt wants Freeport to pay $530 mln smelter deposit. Freeport, which has seen its stock plummet over 70 percent in the last three months as commodity markets plunge, could be forced to halt exports from its massive Grasberg copper and gold mine in Papua if it fails to meet government obligations. Freeport executives are expected to discuss the issue with the...

  • JAKARTA, Jan 20- Indonesia will reach a decision on whether to accept Freeport McMoRan Inc's $1.7 billion divestment price for its unit in the country by the end of the first quarter, a mines ministry official said on Wednesday. Under agreements reached in 2014, the U.S. mining giant must sell the government a greater share of the Grasberg copper and gold mine in...

  • Freeport, which operates one of the world's largest copper and gold mines in Indonesia's far-eastern Papua region, is a key source of resource revenue for the country, and the issue of its operations and contract to operate are politically sensitive. Freeport has started a process to replace Sjamsuddin, Eric Kinneberg, a spokesman at Freeport's head office in...

  • UPDATE 1-CEO of Freeport's Indonesian unit steps down Monday, 18 Jan 2016 | 10:09 AM ET

    JAKARTA, Jan 18- The chief executive of Freeport McMoRan Inc's Indonesian unit, Maroef Sjamsuddin, has resigned, a spokesman said on Monday, less than a month after the chairman of the U.S. mining giant stepped down. Freeport, which operates one of the world's largest copper and gold mines in Indonesia's far-eastern Papua region, is a key source of resource revenue...