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Wires

  • *Canadian dollar at C $1.3333, or 75 U.S. cents. TORONTO/ OTTAWA, March 29- The Canadian dollar strengthened against its U.S. counterpart on Wednesday as the price of oil, one of Canada's major exports, rose for the second day in a row. "We're seeing oil prices really rally after the better-than-expected inventories report this morning so that's been the main driver of...

  • InvestaBank halted the deal, announced at the end of October, after Carlos Djemal, a 25 percent stakeholder, was arrested in the United States and accused of laundering more than $100 million. Edgar Bonilla, vice president of legal affairs for the National Banking and Securities Commission, said in an interview that during the inspection of the bank, the...

  • NEW YORK, March 29- Wall Street has tempered its expectations for sweeping U.S. tax cuts in the wake of President Donald Trump's stinging healthcare defeat, a move that could push investors to embrace cheaper global stocks after the heady U.S. rally of recent months. The White House turned its attention to an overhaul of the tax code after Republicans were forced...

  • NEW YORK, March 29- A U.S. judge dismissed a lawsuit claiming that the hit CBS comedy "The Big Bang Theory" borrowed lyrics without permission for "Soft Kitty," a song used on several episodes of the show. The lawsuit had been brought in December 2015 by the daughters of Edith Newlin, a New Hampshire nursery school teacher who had written the nearly identical poem "Warm...

  • TORONTO/ OTTAWA, March 29- Canada's main stock index rose modestly on Wednesday as a more than 2 percent increase in oil prices boosted shares of energy and resource companies. Investors on Bay Street also shrugged off the official start of Britain's divorce from the European Union. Republican leaders pulling legislation to overhaul the U.S. healthcare system...

  • March 29- Canada's Cenovus Energy Inc said it would buy ConocoPhillips' 50 percent stake in an oilsands venture owned by the two companies, and some oil and gas assets held by the U.S. company in Alberta and British Columbia for $17.7 billion.

  • TORONTO, March 29- Canada's Lululemon Athletica Inc on Wednesday reported a higher quarterly profit, but earnings per share fell short of analysts' expectations due in part to slower sales. Net income rose to $136.1 million, or 99 cents per share in the fourth quarter ended Jan. 29, from $117.4 million, or 85 cents per share, in the prior year. Revenue was $789.9 million,...

  • *Financials falter, day after leading market rally. March 29- The benchmark S&P 500 eked out a gain on Wednesday as strength in the energy and consumer sectors offset declines in financial shares and investors began looking ahead to first-quarter earnings season. Investors have been assessing what the Republicans' failure to pass a healthcare bill means for...

  • NEW YORK, March 29- U.S. After the legislative debacle last Friday when President Donald Trump's fellow Republicans withdrew their own healthcare bill, investors worried about other reforms on his economic agenda that could get waylaid as well, such as taxes. "The ongoing political uncertainty and the whole Trump agenda have led people to doubt about what would...

  • NEW YORK, March 29- The benchmark S&P 500 eked out a gain on Wednesday in low trading volume as strength in the energy and consumer sectors offset declines in financial shares and investors began looking ahead to first-quarter earnings season.

  • It began with Fox News host Bill O'Reilly ridiculing veteran congresswoman Maxine Waters, referring to her hair as "a James Brown wig," after watching a video of the California Democrat criticizing President Donald Trump's policies. Later Tuesday, during a White House press briefing, American Urban Radio Network host April Ryan was admonished by press...

  • OTTAWA, March 29- Canada's main stock index rose modestly on Wednesday as a more than 2 percent increase in oil prices boosted shares of energy and resource companies.

  • The leaders of the U.S. Senate Intelligence Committee jointly pledged that their investigation of Russian hacking of the 2016 U.S. election campaign will be bipartisan, a sharp contrast to bitter partisan disagreements surrounding a similar investigation in the House of Representatives. A Senate investigation into Russia's meddling during the U.S....

  • Westinghouse Electric Co., the U.S. nuclear unit of Japan's Toshiba Corp., filed for bankruptcy protection Wednesday, calling into question the future of a number of billion-dollar nuclear projects under construction, including two in the U.S. But some older nuclear plants are being shuttered and the four nuclear reactors Westinghouse is helping to build in...

  • BILLINGS, Mont.— The Latest on legal challenges to President Donald Trump's efforts to roll back steps taken by his predecessor to curb global warming.:. Attorneys for the Northern Cheyenne Tribe, Sierra Club and other groups sued Wednesday in U.S. District Court in Montana challenging Trump's order to resume coal lease sales on federal lands.

  • March 29- You probably already knew that hedge fund names are intended to impress, or even better to confuse just enough to make you stop asking questions, but most of all to inspire confidence. You are, after all, as a hedge fund client, about to hand over a substantial sum to people whose probity and ability you cannot measure. Hedge fund investors chase hedge fund...

  • In a letter to the SEC's internal watchdog, Inspector General Carl Hoecker, the Democrats said acting SEC Chairman Mike Piwowar should not have ordered staff to review the SEC's rules on "conflict minerals" and CEO pay ratios because they are mandated by Congress. "We ask that you conduct an investigation into each of these decisions to determine whether they are...

  • BRASILIA, March 29- Brazilian President Michel Temer said on Wednesday that Iran had lifted a ban on the import of Brazilian meat imposed following police allegations of corruption in the sector.

  • for cost overruns without resorting to toshiba guarantees@. *Ceo says to continue westinghouse project work during a 30- day period of evaluation. *Ceo says needs 30- day period to determine most prudent path forward.

  • BERLIN, March 29- European worker representatives of German industrial gases group Linde are opposed to a merger with U.S. rival Praxair and want labor members of the supervisory board to vote against the deal, a letter seen by Reuters shows. The German and U.S. industrial-gases groups are working to finalize terms of a merger that would create a $30 billion...