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  • LONDON, June 17- Copper prices steadied on Friday after worries diminished about Britain leaving the European Union and the dollar eased, but a surge in inventories weighed on zinc. Three-month copper on the London Metal Exchange was barely changed in official trading, inching down 0.04 percent to $4,535 a tonne by 1020 GMT, following the previous session's...

  • LONDON, June 17- Zinc continues to shine amid the general gloom pervading the base metals complex. On the London Metal Exchange benchmark three-month zinc (CMZN3> has eased back from the near one-year high of $2,105.50 per tonne hit earlier this month. Friday morning's LME stocks report, showing the warranting of 19,750 tonnes of zinc at New Orleans, is a timely...

  • LONDON, June 17- Copper prices recovered on Friday after worries diminished about Britain leaving the European Union and the dollar eased, but a surge in inventories weighed on zinc. Three-month copper on the London Metal Exchange had gained 0.6 percent to $4,564 a tonne by 1020 GMT, recovering some of the previous session's losses of more than 2 percent.

  • June 16- Banks in Texas and parts of Louisiana and New Mexico are setting aside more money to guard against loan losses as the energy companies they serve struggle amid still-low oil prices, the Dallas Federal Reserve Bank said in a report Thursday. Banks in the district supervised by the Dallas Fed are also getting additional scrutiny for their commercial real...

  • *Lotte Group facing slush fund probe- sources. SEOUL/ LAKE CHARLES, La, June 14- South Korean prosecutors expanded their investigation into Lotte Group on Tuesday with raids on at least ten firms including its biggest listed unit Lotte Chemical, heaping further pressure on the country's fifth-largest conglomerate. But Lotte Group will revive Hotel Lotte's IPO...

  • June 14- Eli Lilly and Co's Jardiance diabetes drug slashed the risk of progressive kidney disease in adults with type 2 diabetes in a large trial that had already proved the medication's ability to greatly reduce cardiovascular deaths and hospitalizations for heart failure. Jardiance, developed in partnership with privately held German drugmaker...

  • LONDON, June 10- Executives at a metals warehouse firm owned by commodities group Glencore allegedly ordered workers to falsify documents in New Orleans to manipulate the zinc market, according to a complaint filed by zinc purchasers in a U.S. On Monday, a U.S. judge in Manhattan allowed a private antitrust lawsuit to go forward against two units of Anglo-Swiss...

  • WASHINGTON, June 10- The Republican-controlled U.S. House of Representatives voted largely along party lines on Friday to reject any new taxes on carbon emissions and oil production. One resolution opposing a carbon tax as detrimental to the U.S. economy, which was led by House Majority Whip Steve Scalise of Louisiana and backed by the privately owned Koch...

  • CHICAGO, June 9- A long-running political battle in Illinois is pushing the state's credit ratings closer to the "junk" level due to strained finances and unaddressed pension problems. "But Fitch warned on Thursday of a downgrade within the next six months if Illinois fails to address its" chronic and growing financial imbalance. An impasse between its...

  • WASHINGTON, June 9- Twenty-one U.S. states led by Texas and Arkansas on Thursday announced a lawsuit against Delaware, accusing it of violating federal law by snatching up to $400 million in unclaimed checks that should have gone to other states. "Delaware has our money," Texas Attorney General Ken Paxton said at a news conference outside the U.S. Supreme Court.

  • FREEPORT, Texas, June 9- The United States boasts the world's largest stash of emergency oil supplies, yet the country's ability to influence global crude markets with releases from that reserve has waned. The Energy Department is expected to send Congress a report detailing a proposal to modernize the SPR, a string of crude-filled underground salt caverns...

  • *Companies trim more than $1 billion in debt. NEW YORK, June 9- Cash-strapped U.S. oil and gas companies, including No. 2 natural gas producer Chesapeake Energy Corp, are expected to cut their debt piles this year as a long-awaited rise in the price of oil persuades investors to swap bonds for stock. The companies are still bleeding cash even as oil has partly rebounded...

  • *4th- qtr sales $1.81 bln vs est. *Profit $1.44/ share vs est. Smucker Co's quarterly net sales jumped 25 percent, beating analysts' estimates, as demand rose for its Folgers and Dunkin' Donuts branded coffee and its pet foods.

  • FREEPORT, Texas, June 9- The United States boasts the world's largest stash of emergency oil supplies, yet the country's ability to influence global crude markets with releases from that reserve has waned. The Energy Department is expected to send Congress a report detailing a proposal to modernize the SPR, a string of crude-filled underground salt caverns...

  • SAO JOAO DA BARRA, Brazil, June 8- The launch this week of Prumo Logistica's $3.7 billion Port of Açu, the largest in Latin America, marked the revival of a Brazilian logistics hub many thought doomed when the empire of its former billionaire owner collapsed. The Manhattan- sized industrial complex northeast of Rio de Janeiro, which officially opened on Tuesday,...

  • June 2- U.S. vehicle owners will find some answers to their questions about the ongoing- and still growing- recalls of millions of cars with defective Takata air bag inflators:. Q: If the U.S. National Highway Traffic Safety Administration has determined that the air bags in my vehicle are at risk of rupturing, why hasn't my vehicle been recalled?

  • Obamacare

    Nearly half of all poor Texans still lack health insurance despite coverage gains in other segments of the population since the fall of 2013.

  • The International Lead and Zinc Study Group, for instance, estimates that mine output outside of China contracted by 9.5 percent in the first quarter. Now there are signs of tightness creeping into the London refined zinc market, with cash metal commanding a small $2.00 per tonne premium over three-month prices over the last couple of days.

  • WASHINGTON, May 31- The U.S. Supreme Court on Tuesday agreed to hear an appeal by State Farm contesting a jury finding that the insurance company defrauded the federal government when assessing damage caused by Hurricane Katrina in 2005 along the Gulf of Mexico coast. The court will consider a lawsuit brought by sisters Cori and Kerri Rigsby, former claims...

  • WASHINGTON, May 31- The U.S. Supreme Court on Tuesday agreed to hear an appeal by State Farm contesting a jury finding that the insurance company defrauded the federal government when assessing damage caused by Hurricane Katrina in 2005 along the Gulf of Mexico coast.