Top News & Analysis North America

  • SEOUL/ SINGAPORE, Dec 8- Oil prices edged up in thin trading on Thursday after steep falls in the previous session, supported by a weaker dollar, positive economic data and a drawdown in U.S. crude stocks. International Brent crude futures were trading up 4 cents at $53.04 a barrel at 0345 GMT after closing the previous session down 93 cents. U.S. benchmark West Texas...

  • The document, which comes on the heels of concessions with cities including New York City, offers suggestions for collecting lodging taxes from Airbnb hosts, strategies to allow residents to rent their home without offending neighbors, suggestions on limiting the number of nights a home can be rented and setting up a permitting system. The report is the latest...

  • NEW YORK— A popular New York restaurant has become the latest victim of a fake-news conspiracy about Hillary Clinton running a child sex ring out of a Washington, D.C., pizza joint. The threatening calls to Roberta's came after social-media users connected the restaurant to the Pizzagate hoax centered on the Washington restaurant Comet Ping Pong.

  • SYDNEY, Dec 8- U.S. wheat futures edged higher on Thursday, rebounding from a five-day low touched in the previous session, although ample global supplies put a ceiling on gains. *The most active wheat futures on the Chicago Board Of Trade rose 0.5 percent to $4.03 a bushel, having closed down 1.4 percent on Wednesday when prices fell to a low of $3.99-1/ 2 a bushel- the...

  • NEW YORK, Dec 7- Donald Trump clashed on Wednesday with a union official who accused the president-elect of lying about the number of jobs saved in a deal to keep air conditioner maker Carrier from moving some jobs from Indiana to Mexico. Chuck Jones, president of United Steelworkers Local 1999, which represents workers at United Technologies Corp's Carrier...

  • International Brent crude futures were trading up 18 cents, or 0.34 percent, at $53.18 a barrel at 0116 GMT. But stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures, increased by a hefty 3.8 million barrels last week, the most since 2009, according to data from the U.S. Energy Information Administration on Wednesday. Oil prices have been supported...

  • Dec 7- Oil and gas major Chevron Corp on Wednesday announced a $19.8 billion capital and exploratory investment program for 2017, down 42 percent from its outlays in 2015.. "This is the fourth consecutive year of spending reductions," Chief Executive John Watson said in a statement. San Ramon, California- based Chevron reported a drop in third-quarter profit in...

  • NEW YORK, Dec 7- President-elect Donald Trump took aim at drugmakers on Wednesday by promising in a magazine interview that "I'm going to bring down drug prices," sending shares of pharmaceutical and biotechnology companies lower. In a cover story for Time magazine, which named him its Person of the Year, Trump said: "I don't like what has happened with drug prices."

  • The federal government will allow one of the nation's largest for-profit college companies to be sold only if the new owners put up $385 million as insurance and agree not to increase enrollment, among other terms. Apollo Education Group, the parent company of the University of Phoenix, agreed in February to be bought by a consortium of investors for $1.1...

  • WELLINGTON- Reserve Bank of New Zealand Governor Graeme Wheeler delivers speech on "Some thoughts on New Zealand's Economic Expansion" at the South Island town of Greymouth. QUEBEC, Canada- Bank of Canada Governor Stephen Poloz, Canada Minister of Finance Bill Morneau and Minister of Status of Women Patty Hajdu to attend an event in Gatineau- 1400 GMT.

  • WELLINGTON- Reserve Bank of New Zealand Governor Graeme Wheeler delivers speech on "Some thoughts on New Zealand's Economic Expansion" at the South Island town of Greymouth. QUEBEC, Canada- Bank of Canada Governor Stephen Poloz, Canada Minister of Finance Bill Morneau and Minister of Status of Women Patty Hajdu to attend an event in Gatineau- 1400 GMT.

  • WASHINGTON, Dec 7- U.S. lawmakers joined more than 100 Cuban entrepreneurs on Wednesday to urge President-elect Donald Trump to continue President Barack Obama's engagement with Havana, despite Trump's threat to end detente with the island. "I hope that the next president of the United States, as a businessman, understands our needs," said Yamina Vicente, who owns...

  • MEXICO CITY/ CHICAGO, Dec 7- Retailer Wal-Mart de Mexico said on Wednesday it will invest $1.3 billion in logistics in Latin America's No. 2 economy, in what is perceived as a show of commitment to Mexico at a time of uncertainty after the election of Donald Trump. The investment in Mexico will not result in any jobs being moved from the United States, Wal-Mart...

  • SAN FRANCISCO— Alaska Airlines has removed its last major hurdle to buying Virgin America. Alaska said Wednesday it agreed to settle a private antitrust lawsuit that threatened to hold up its $2.6 billion purchase of Virgin America. The deal will make Alaska the nation's fifth-biggest airline, leapfrogging over JetBlue Airways Corp., which also tried to buy...

  • WASHINGTON— Congress sent legislation to President Barack Obama that could make it easier to get tickets to popular shows, sports events and concerts. The Senate passed the bill last month. "Hamilton" producer Jeffrey Seller testified at a Senate hearing in September.

  • TORONTO, Dec 7- Canadian yoga and leisure apparel retailer Lululemon Athletica Inc on Wednesday reported quarterly profit that beat analysts' forecasts, helped by higher-than-expected gross margins and sales. "We continue to be on track with our five-year plan of doubling our revenue and more than doubling our earnings," said chief executive Laurent Potdevin.

  • WASHINGTON, Dec 7- U.S. lawmakers joined more than 100 Cuban entrepreneurs on Wednesday to urge President-elect Donald Trump to continue President Barack Obama's engagement with Havana, despite Trump's threat to end detente with the island. "I hope that the next president of the United States, as a businessman, understands our needs," said Yamina Vicente, who owns...

  • NEW YORK, Dec 7- BlackRock Inc is making leadership changes to its biggest mutual fund. The world's largest asset manager is replacing one of the top leaders on its $42 billion BlackRock Global Allocation Fund and adding three new portfolio managers, a move that comes as the fund's performance has lagged its rivals. Three other investors will get top billing,...

  • CHICAGO, Dec 7- The Chicago Board of Education on Wednesday approved a revised fiscal 2017 budget that accommodates a new teachers' contract, but contains a $215 million funding gap for pensions. The spending plan for the fiscal year that began on July 1 was increased by $55 million to $5.5 billion to reflect an additional contribution of surplus tax increment...

  • WASHINGTON, Dec 7- Donald Trump will name Oklahoma Attorney General Scott Pruitt, an ardent opponent of President Barack Obama's measures to curb climate change, as head of the Environmental Protection Agency, a Trump transition team official said on Wednesday, a choice that enraged green activists and cheered the oil industry. Trump's choice of Pruitt fits...