Wires

  • BOSTON, Dec 8- Fidelity Investments' $105 billion Contrafund is having a bad three-year run, but you would never know it by looking at its fees. The mutual fund's management fees have increased 25 percent to $614 million over the past three years despite investors pulling several billion dollars as its performance lagged the benchmark S&P 500 Index.

  • LONDON, Dec 8- Royal Bank of Scotland on Thursday lost a court battle to withhold transcripts, notes and interview records from thousands of retail investors suing the bank over an ill-fated, 12 billion pound share sale in 2008.. Judge Robert Hildyard rejected an attempt by RBS to class the documents as legally privileged and confidential in a judgment welcomed...

  • BERLIN— German conglomerate ThyssenKrupp says it suffered a "massive" and sustained cyberattack aimed at stealing industrial secrets. ThyssenKrupp says the attackers targeted its Industrial Solutions unit and some data appeared to have been stolen. Last month Deutsche Telekom suffered a large-scale outage after its network was attacked by a so-called...

  • CHICAGO, Dec 8- U.S. soybean futures declined by more than 2 percent on Thursday, on pace for their largest losses in three months, on profit-taking tied to lower vegoil prices and extended weather outlooks for rainfall in Argentina, traders and analysts said. President-elect Donald Trump's nomination of Oklahoma Attorney General Scott Pruitt to run the...

  • LONDON, Dec 8- Copper edged lower on Thursday as the dollar rebounded after the European Central Bank's decision to cut its monthly asset purchases but extend the programme until the end of 2017.. The ECB said it would trim asset purchases to 60 billion euros per month from next April, from the current 80 billion euros, but ECB chief Mario Draghi said that should not...

  • DUBAI, Dec 8- Saudi Oger's attempt to restructure around 13 billion riyals in debts have been dealt another blow after a second major creditor obtained a court order demanding the money it is owed by the construction group, sources said. Saudi Oger, owned by the family of Lebanese Prime Minister-designate Saad al-Hariri, has for years played a central role in...

  • Delta Air Lines is rolling out new free snacks for customers in the main cabin, including brand-name yogurt bars and pretzels. The menu move comes about a year after United Airlines brought back free snacks by offering noshes like stroopwafels— a gooey Dutch confection— and better coffee. Delta also is testing free sandwiches and other meals in economy on some...

  • WASHINGTON, Dec 8- The U.S. surgeon general in a report released on Thursday called for action to reduce the use of e-cigarettes among young people, noting they have overtaken cigarettes to become the most commonly used tobacco products among this group. Vivek Murthy, the country's top doctor, in the first Surgeon General's report on e-cigarettes use among...

  • WASHINGTON— A healthy increase in home values and higher stock prices drove up U.S. household wealth in the July-September quarter, though the gains are largely concentrated among wealthier Americans. The Federal Reserve says real estate values increased $554 billion in the third quarter, while Americans' stock and mutual fund portfolios rose $494 billion.

  • FRANKFURT, Dec 8- U.S. private equity firm Kohlberg Kravis Roberts launched a tender offer on Thursday for a stake in Germany's GfK, teaming up with the faltering market research firm to develop new computer-based strategies and fend off competition. The announcement that KKR-controlled Acceleratio Capital NV would offer 43.50 euros per share in cash for all...

  • LONDON, Dec 8- Central banks investigating whether computer programs or an individual triggered October's sterling "flash crash," the latest to hit a major financial market, may consider computerized stabilization programs as a possible response. The Financial Times reported on Wednesday that officials were looking at flows through a Tokyo- based trader at...

  • WASHINGTON, Dec 8- Drugmaker Bristol-Meyers Squibb Co will pay $19.5 million to resolve multi-state allegations that it improperly promoted a schizophrenia treatment for uses not approved by the U.S. government, New York Attorney General Eric Schneiderman said on Thursday. The company's agreement with 42 other states and the District of Columbia centers...

  • WASHINGTON, Dec 8- The net worth of U.S. households increased in the third quarter as U.S. stock prices and real estate values continued to flourish, a report by the Federal Reserve showed on Thursday. Household net worth rose to $90.2 trillion over the quarter, up from a slightly downwardly revised $88.6 trillion in the previous period. Wealth has been aided by...

  • BRUSSELS, Dec 8- The European Union began legal action on Thursday against Germany, Britain and five other member states for failing to police emissions test cheating by carmakers after the Volkswagen diesel scandal. Germany, Britain, Spain and Luxembourg stand accused of failing to impose the kind of penalties Volkswagen has faced in the United States over...

  • Dec 8- McDonald's Corp said on Thursday it would move its international tax base to the United Kingdom from Luxembourg after coming under increased scrutiny from European Union regulators over its tax arrangements in the small country. McDonald's said it would create a new international holding company domiciled in the UK that would receive the majority of...

  • *Jury out on proposed OPEC oil production cuts. *OPEC, non- OPEC producers plan weekend meeting. NEW YORK, Dec 8- Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday as market watchers focused on an upcoming weekend meeting between OPEC and non- OPEC producers that may result in an agreement to cut crude output further.

  • UPDATE 1-McDonald's to move international tax base to UK amid EU scrutiny.

  • Dec 8- McDonald's Corp said on Thursday it would move its international tax base to the United Kingdom from Luxembourg after coming under increased scrutiny from European Union regulators over its tax arrangements in the small country. McDonald's said it would create a new international holding company domiciled in the UK that would receive the majority of...

  • Dec 8- A month-long rally on Wall Street, sparked by Donald Trump's election as U.S. president, roared ahead on Thursday, driving major Wall Street indexes to record highs. "The market is projecting a lot more confidence in future growth, and I don't expect any big pullback to derail the rally until the end of the year," said Chris Story, senior trader at Manulife Asset...

  • LONDON, Dec 8- Sterling jumped 1 percent against a broadly weaker euro on Thursday after the European Central Bank extended its quantitative easing program for a longer period than expected, albeit at a slower pace. And although it would from April reduce the size of its monthly purchases to 60 billion euros, from 80 billion now, that still means that overall, more...