Wires

  • WASHINGTON, Sept 26- The Federal Reserve will seek significantly more capital from the largest U.S. banks and give some relief to smaller lenders as it updates its annual stress test, Fed Governor Daniel Tarullo said on Monday. "In pulling this package of modifications together, we have consciously shaped them in accordance with the principle that financial...

  • *Iran downplays chance of output freeze, some in OPEC hopeful. Key OPEC member Iran, the fourth largest crude exporter which is still trying to recapture output before Western sanctions in 2012, downplayed the chances of a deal while some OPEC members remained hopeful. "Unless there's an impressive production cut by OPEC on top of a freeze, I think we'll give back...

  • Salesforce is working with Bank of America on a potential bid, a Bloomberg report on Monday said. Walt Disney is also working with a financial adviser to evaluate a possible bid for Twitter, Bloomberg reported, citing people familiar with the matter. Microsoft is also among the list of potential suitors, although Facebook Inc is not likely to have an interest in...

  • *Oil prices rise on hopes of OPEC production freeze. NEW YORK, Sept 26- Stock prices around the world fell on Monday ahead of the first U.S. presidential debate between Hillary Clinton and Donald Trump, while oil prices rose in advance of an informal OPEC meeting in Algeria on hopes for an output cut. Deutsche Bank shares hit a record low on worries about Germany's...

  • ERIE, Pa.— Federal authorities are suing a Pennsylvania hospital, alleging religious discrimination in the firing of six employees who refused to get flu shots. The lawsuit was filed Thursday in federal court in Erie by the Equal Employment Opportunity Commission against Saint Vincent Hospital, which was founded by the Sisters of St. Joseph of Northwestern...

  • NEW YORK, Sept 26- Wall Street fell on Monday as investors hunkered down for the first U.S. presidential debate between candidates Hillary Clinton and Donald Trump.

  • WASHINGTON, Sept 26- The United States said on Monday it had sanctioned a Chinese industrial machinery and equipment wholesaler, a new step in tightening the financial noose around North Korea's nuclear program after its fifth nuclear test this month. It accused the firm of acting on behalf of North Korea's Korea Kwangson Banking Corp, which has been under U.S....

  • SAN ANTONIO, Sept 26- Dallas Federal Reserve President Robert Kaplan said on Monday he would have been comfortable with an interest rate increase at the Fed's policy meeting last week when the central bank chose to keep rates steady. I would have been comfortable seeing that accommodation removed in September, "Kaplan told a banking conference in San Antonio.

  • HARTFORD, Conn.— Democratic leaders of the Connecticut House of Representatives predicted Monday there's support among state lawmakers for a $220 million agreement that would commit Sikorsky Aircraft to keeping its headquarters in the state. The House leaders represent the majority party in the General Assembly. "I think there's genuine support for the...

  • Jeffrey Klein and Diane Savino, looked at advertisements for 110 rentals offering space for 13 or more people. "We must take legislative action to prevent potential tragedy that could occur from illegally packing people into spaces and hold sites like Airbnb accountable," said Klein, who leads a group of senators known as the Independent Democratic Conference.

  • BUENOS AIRES, Sept 26- The United States will immediately begin work on ways to expedite the exchange of tax information with Argentina, U.S. Treasury Secretary Jack Lew said on Monday, signaling a move that could aid Argentina's tax amnesty program to repatriate overseas assets. "To accelerate the process of sharing tax data on Argentine residents in the United...

  • WASHINGTON, Sept 26- The U.S. Senate will vote on Wednesday on whether to override President Barack Obama's veto of a bill allowing relatives of victims in the Sept. 11, 2001 attacks to sue Saudi Arabia. A successful override requires support from two-thirds of lawmakers in both the Senate and House of Representatives, which are controlled by Republicans.

  • WASHINGTON, Sept 26- German automaker Volkswagen AG and auto supplier Robert Bosch GmbH have asked a U.S. federal judge to reject requests from European investors and vehicle owners to access more than 20 million pages of records turned over in VW's "Dieselgate" scandal. Volkswagen said in a court filing on Friday it has turned over more than 20 million pages to...

  • GENEVA, Sept 26- Countries negotiating an international agreement on trade in services plan to meet in early December to try to finalize the deal, U.S. The Trade in Services Agreement, which would provide stronger international rules for sectors such as communications and banking, is being negotiated among 23 WTO members, including the 28- country European...

  • BERLIN, Sept 26- Germany wants to become the first country to set up a comprehensive 5 G mobile network, the Frankfurter Allgemeine Zeitung quoted digital infrastructure minister Alexander Dobrindt as saying in Tuesday's editions. He told the newspaper that a 5 G service would be needed to keep up with the high bandwidth required in the future for self-driving...

  • Sept 26- Mylan NV faced questions on Monday about the profit on its EpiPen emergency allergy treatment, following a report that the company makes 60 percent more on the injector than it had told Congress. Mylan, which acquired the product in 2007, has raised the list price for a pair of EpiPens to $600 from about $100 in 2008.. Mylan Chief Executive Heather Bresch...

  • BUENOS AIRES, Sept 26- Argentina's central bank will target inflation of 8 percent to 12 percent in 2018, down from a 12 percent to 17 percent target in 2017, central bank chief Federico Sturzenegger said on Monday. Inflation should fall to around 5 percent in 2019, he said in a presentation to explain the bank's inflation targeting strategy for next year.

  • NEW YORK— American Express did not violate antitrust laws by barring merchants from asking customers to use one credit card over another and steering consumers to another form of payment, a federal appeals court said Monday. To do so, it said, likely would increase the market shares of Visa and MasterCard at the expense of American Express, whose card members tend...

  • RALEIGH, N.C.— The Latest on investors calling on North Carolina to repeal the law that limits LGBT protections against discrimination:. Pat McCrory says it's the "height of hypocrisy" for investors whom he describes as " New York hedge fund billionaires" to tell North Carolina what to do about a law that limits LGBT protections against discrimination.

  • NEW YORK, Sept 26- A federal appeals court on Monday cleared the way for American Express Co to enforce rules prohibiting merchants that accept its cards from steering customers toward lower-cost cards offered by competing issuers. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge erred in concluding that American Express' agreements...