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Top News & Analysis North America

  • Major Wall Street indexes have rallied to record levels since the election of Donald Trump as U.S. president, buoyed by promises of tax reforms, reduced regulations and increased infrastructure spending. But with scant details so far on Trump's plans, including one announced on Thursday to bring millions of jobs back to the United States, markets have been...

  • WASHINGTON, Feb 24- The U.S. Federal Communications Commission will block some Obama administration rules that subject broadband providers to stricter scrutiny than websites, a spokesman said on Friday, in a victory for internet providers such as AT&T Inc, Comcast Corp and Verizon Communications Inc.. The rules approved by the FCC in October in a 3-2 vote were...

  • NEW YORK, Feb 24- U.S. President Donald Trump's planned economic agenda has fanned the flames for Wall Street's record-setting run, but some investors worry that his first major address to Congress next week risks dousing it if his plans look slow to execute or are overly vague. In Tuesday's speech, "the market wants to hear about concrete tax reform plans that have...

  • *U.S., Canada looking for' greenfield' investors. TORONTO, Feb 24 S- Canadian pension fund manager OMERS would like to invest more in building new infrastructure, its chief financial officer said, making it a candidate to support government programs in Canada and the United States. However, with competition for' brownfield' assets inflating prices around the world,...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 602 rigs sought oil and 151 explored for natural gas this week. Alaska and Louisiana each lost two rigs and North Dakota declined by one. Arkansas, California, Colorado, Kansas, New Mexico, Ohio, Oklahoma, Pennsylvania, Utah and West Virginia were all unchanged.

  • DES MOINES, Iowa— Republican governors are sending a clear message to Congress: Don't scrap the health care law without a viable alternative. And it would call for major changes to Medicaid, the joint federal and state health care program that covers more than 70 million poor and low-income Americans. According to a draft of the proposal obtained by The...

  • TORONTO, Feb 24- Passenger and freight train service across southern Ontario started to resume on Friday after being halted due to a power outage at Canadian National Railway's rail traffic control center, officials said. The domino effect could slow national freight routes as outages at a traffic control centre could mean signals turn red throughout the...

  • Husky could invest the sale proceeds in South America, Africa or Asia, the people added. Husky's offshore assets include White Rose, seen as its crown jewel in the region, as well Flemish Pass and Terra Nova. Husky could potentially sell down stakes in Terra Nova, where it has a 13 percent working interest, and Flemish Pass.

  • NEW YORK, Feb 24- A U.S. judge on Friday rejected Cumulus Media Inc's bid to proceed with a refinancing plan that the second-largest U.S. radio network hoped would help reduce its $2.4 billion debt load, but was opposed by some lenders. District Judge Katherine Polk Failla in Manhattan came in a lawsuit the Atlanta- based company filed in December, accusing JPMorgan...

  • TORONTO, Feb 24- A strike at Noranda Income Fund's zinc processing plant in Quebec stretched into a 13th day on Friday, with no talks scheduled between management and the United Steelworkers of America union. Noranda's zinc processing facility in Salaberry-de-Valleyfield is the second-largest in North America and largest in eastern North America, where the...

  • *OPEC compliance 88 percent based on industry average. *LBBW cuts year-end Brent price forecast by $5 to $55/ bbl. NEW YORK, Feb 24- Oil prices slid nearly 1 percent on Friday as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.

  • HOUSTON, Feb 24- Refiners and pipeline shippers in the Salt Lake City area are facing new delays obtaining crude oil after a pipeline outage last week was followed by snow on Friday that made it difficult to deliver much-needed oil by truck. The 16- inch Wahsatch pipeline can carry roughly 100,000 barrels per day of crude from locations near Evanston, Wyoming, to...

  • NEW YORK, Feb 24- A New York state judge has dismissed a lawsuit accusing the Sequoia Fund, known for its ties to Warren Buffett, of recklessly making a huge, disastrous investment in Valeant Pharmaceuticals International Inc, causing billions of dollars of losses. Justice O. Peter Sherwood of the State Supreme Court in White Plains, New York, said Sequoia...

  • Feb 24- Puerto Rico Governor Ricardo Rossello said on Friday he was "committed to establishing a working relationship" and fostering "open dialogue" with U.S. Rossello has signed more than 20 bills and executive orders aimed at cutting spending and fostering economic growth, but Puerto Rico faces a long haul out of an economic crisis characterized by a 45 percent...

  • Feb 24- Puerto Rico Governor Ricardo Rossello said on Friday he was "committed to establishing a working relationship" and fostering "open dialog" with U.S. Rossello has signed more than 20 bills and executive orders aimed at cutting spending and fostering economic growth, but Puerto Rico faces a long haul out of an economic crisis characterized by a 45 percent...

  • As of 11:58 a.m. CST, Chicago Board of Trade March wheat was down 7 cents at $4.31 per bushel after dipping to $4.30, its lowest since Feb. 9. March soybeans were up 3/ 4 cent at $10.12-1/ 4 a bushel, rebounding after falling to $10.09-1/ 4, its lowest since Jan. 12. As you violate some technical signals, you've got the potential for some further liquidation, "said Terry Linn,...

  • District Judge Katherine Polk Failla in Manhattan came in a lawsuit the Atlanta- based company filed in December, accusing JPMorgan Chase& Co of withholding consent to parts of its refinancing plan.

  • Feb 24- Fannie Mae said on Friday it secured commitments for a second transaction under which the U.S. mortgage finance agency will transfer some credit risk to reinsurers on $15 billion worth of single-family home loans it plans to buy from lenders. The Washington- based company said it will retain risk for the first 50 basis points of loss on the pool of loans...

  • CALGARY, Alberta _ Enerplus Corp. on Friday reported fourth-quarter net income of $629.5 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Calgary, Alberta- based company said it had profit of $2.57. Enerplus shares have declined slightly more than 7 percent since the beginning of the year.

  • BOSTON, Feb 23- Mutual funds run by Fidelity Investments and T. Rowe Price Group Inc could be poised for a quick win on the upcoming public debut of Snap Inc. That demand could indicate Snap shares would trade above the current estimated IPO range of $14 to $16 a share. T. Rowe's Institutional Large-Cap Growth Fund this week disclosed that it valued its 1.29 million...