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Wires

  • Feb 24- Appliances and electronics retailer hhgregg Inc is preparing to file for bankruptcy as soon as next month, Bloomberg reported. Indianapolis- based hhgregg's shares slumped as much as 40.8 percent to 23 cents on Friday. The retailer is still seeking an out-of-court solution that would help it prevent filing a Chapter 11, Bloomberg reported, citing...

  • LONDON, Feb 24- Sterling slid from a 2- week high to the dollar on Friday but was still on track for its strongest weekly showing in a month as concerns about politics in the United States and Europe took investors' focus off immediate Brexit worries. Besides the Brexit bill making its way through Britain's upper house of parliament, a week largely lacking in major...

  • BERLIN, Feb 24- All A400M military transport plane engines affected by an order from European safety regulators have been inspected and no further cracks were found in their combustion chambers, a spokesman for manufacturer Airbus said on Friday. Airbus spokesman Florian Taitsch said the European Aviation Safety Agency had ordered the inspections and...

  • LONDON, Feb 24- Economic turnaround in Russia and Brazil may be tempting investors back to BRIC equity funds, with EPFR Global on Friday reporting such funds took in new cash for two weeks in a row for the first time in five months. The Boston- based fund tracker said funds dedicated to the BRIC cohort- Brazil, Russia, India and China- had received $45 million so far in...

  • LIBREVILLE, Feb 24- Some oil production from fields in Gabon resumed on Friday despite a continuing strike by workers, although output remained severely constrained. Gabon's government sent soldiers to retake control centres at Maurel et Prom Gabon SA's Onal and Coucal oilfields, it said in a statement. Gabon is Africa's fourth largest oil producer with an...

  • BERLIN— The German weekly Der Spiegel reports that the country's spy agency had at least 50 numbers and email addresses of journalists among its surveillance targets. Spiegel reported Friday that a list seen by the magazine contained over a dozen numbers belonging to the BBC in Afghanistan and London. It says a New York Times phone number in Afghanistan and...

  • *Dollar hits more than 2- wk low vs yen of 112.06 yen. NEW YORK, Feb 24- The U.S. dollar slipped to a more than two-week low against the yen and a one-week trough on a closely followed index on Friday as investors doubted the likelihood of swift tax reform and a quick boost in spending from U.S. "There is only so much that markets can do on hope and speculation, and I think were...

  • U.S. markets are trading at record levels since the U.S. election, spurred by President Donald Trump's promises of tax reforms, reduced regulations and increased infrastructure spending. But, with Trump giving scant detail on his plans including one on Thursday to bring millions of jobs back to the United States markets have recently traded in a tight range.

  • TORONTO, Feb 24- Canada's main stock index hit a two-week low in Friday, extending its pullback from a record high in a broad-based sell-off that included losses for its heavyweight energy and financial services groups as oil prices fell. At 10:50 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 167.07 points, or 1.06 percent, at 15,614.13.

  • Feb 23 (Reuters)- Hedge fund Elliott Management Corp said on Thursday it had raised its stake in specialty metals maker Arconic Inc to about 13 percent and stepped up pressure for the ouster of Chief Executive Klaus Kleinfeld. Kleinfeld had engineered aluminum producer Alcoa Corp's spin off from parent company Alcoa Inc, which has been renamed as Arconic, last...

  • NEW YORK, Feb 24- U.S. long-dated Treasury debt yields dropped to two-week lows on Friday, weighed down by declines in Europe amid persistent political uncertainty as well as a soft batch of U.S. data that suggested a more mixed outlook for the world's largest economy. "I think we're rallying mostly from what's going in Europe," said Tom di Galoma, managing director at...

  • President Donald Trump plans to sign an executive order on Friday to place "regulatory reform" task forces within federal agencies as part of his push to slash regulations, a White House official said. The White House order requires agencies to "measure and report progress in achieving the presidents directives. Trump's chief strategist Steve Bannon told a...

  • *Stores being closed account for less than 5 pct of annual sales. *Q4 comp sales drop 0.7 pct vs est -0.5 pct. Feb 24- Department store operator J.C.

  • *Adj profit of $1.31 misses est of $1.36. Feb 24- Auto parts maker Magna International Inc's profit missed estimates for the first time in five quarters, and the Canadian company warned that a proposed border tax by the United States could hurt the automobile industry. The company's shares were down 5.7 percent at C $55.47 on the Toronto Stock Exchange on Friday,...

  • *Trump speaks to Congress Tuesday, details on tax/spending? President Donald Trump's address to Congress may make the most headlines, but inflation readings of 2 percent could prove more significant economic events next week- a call to action perhaps in America and a important milestone in Europe. Rob Carnell, chief international economist at ING, sees the...

  • *Trump speaks to Congress Tuesday, details on tax/spending? President Donald Trump's address to Congress may make the most headlines, but inflation readings of 2 percent could prove more significant economic events next week- a call to action perhaps in America and a important milestone in Europe. Rob Carnell, chief international economist at ING, sees the...

  • *Trump speaks to Congress Tuesday, details on tax/spending? President Donald Trump's address to Congress may make the most headlines, but inflation readings of 2 percent could prove more significant economic events next week- a call to action perhaps in America and a important milestone in Europe. Rob Carnell, chief international economist at ING, sees the...

  • *Trump speaks to Congress Tuesday, details on tax/spending? President Donald Trump's address to Congress may make the most headlines, but inflation readings of 2 percent could prove more significant economic events next week- a call to action perhaps in America and a important milestone in Europe. Rob Carnell, chief international economist at ING, sees the...

  • Feb 24- Canada's MacDonald Dettwiler and Associates Ltd, a provider of satellite data used for surveillance and communications, said it would buy U.S.-based DigitalGlobe Inc for about C $3.10 billion to strengthen its position in the satellite imagery market. DigitalGlobe's satellites help provide high-resolution images to its customers such as the U.S....