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Wires

  • CALGARY, Alberta, March 30- Cenovus Energy's offer to buy ConocoPhillips oil sands and natural gas assets for C $17.7 billion was unsolicited, a ConocoPhillips Canada spokeswoman said on Thursday. ConocoPhillips had already decided to sell several of its Canadian conventional natural gas assets but had not planned to offload oil sands assets, sources told...

  • SAN FRANCISCO, March 30- The U.S. Justice Department on Thursday appealed a ruling by a federal judge in Hawaii extending a suspension of President Donald Trump's revised restrictions on travel from some Muslim-majority countries. District Judge Derrick Watson on Wednesday turned an earlier temporary restraining order into a preliminary injunction in a...

  • CAPE CANAVERAL, Fla., March 30- A recycled SpaceX rocket booster recovered at sea from its first flight nearly a year ago blasted off again on Thursday from Florida on a satellite-delivery mission, then returned to land successfully on a floating platform at sea. The twin achievements of launching a reusable rocket and recovering the vehicle for a possible third...

  • HAVANA, March 30- Cuba will stop selling premium grade gasoline except to tourists starting Saturday due to a fuel crunch affecting Venezuela, its oil-rich ally and key trading partner. Cuba has become increasingly reliant on Venezuela for refined oil products, even as the latter wrestles with shortages of those products at home. Cuba cannot easily replace...

  • "UK M&A activity has started strongly in 2017... foreign exchange made UK companies cheaper, and there is an overarching desire for growth, which is not easy for companies to deliver organically," said Jan Skarbek, head of UK investment banking at Citi. "In this environment, we are likely to continue to see combinations that make strategic sense and enable companies to...

  • LONDON, March 31- Global equity listings rose in the first quarter compared with a year earlier, driven by issuance in Asia and the United States, Thomson Reuters data showed, pointing to a more buoyant year for share sales than 2016.. These combine to produce strong appetite for new issues, "Bank of America's global head of equity capital markets, Craig Coben, said.

  • March 30- Cross-border M&A had its strongest start since 2007, driving first-quarter global volumes up 7 percent, as optimism over U.S. The biggest deal since the start of the year was U.S. healthcare and consumer conglomerate Johnson& Johnson's $30 billion agreement in January to acquire Swiss biotechnology firm Actelion Ltd.. Anglo-Dutch consumer goods...

  • Lululemon Athletica Inc., down $15.54 to $50.76. ConocoPhillips, up $4.05 to $50. PrivateBancorp Inc., up $2.80 to $59.

  • JOHANNESBURG— South Africa's president has replaced his finance minister in an expected move that had spooked investors this week and sent the currency tumbling. The president's recall of Gordhan caused South Africa's rand to lose nearly 5 percent, another blow to Africa's most industrialized economy that has stalled amid high unemployment.

  • TORONTO _ Westaim Corp. on Thursday reported a loss of $900,000 in its fourth quarter. The Toronto- based company said it had a loss of 1 cent per share. For the year, the company reported a loss of $8.3 million, or 6 cents per share, swinging to a loss in the period.

  • JOHANNESBURG— South Africa's president replaces embattled finance minister in cabinet shuffle.

  • It was not immediately clear what impact the use of fresh beef would have on margins at McDonald's USA, which does not disclose what percentage of sales come from the Quarter Pounder. The multiyear turnaround plan launched by Chief Executive Steve Easterbrook has included menu changes that address consumers' demands for fresher, simpler food.

  • SYDNEY, March 31- Australia's competition regulator on Friday said it would bar a group of the country's largest banks from bargaining collectively for access to Apple Inc's contactless payment function, potentially setting a global precedent. The decision, the first of its kind, will stop the banks from introducing their own mobile applications on devices...

  • WASHINGTON, March 30- In revamping the North American Free Trade Agreement, the Trump administration will seek tax equality and the ability to reimpose tariffs if a flood of imports from Canada and Mexico causes "a threat of serious injury" to U.S. industry, a draft of negotiating objectives shows. "The persistent U.S. deficit in goods trade with Canada and Mexico...

  • March 30- The No. 1 U.S. wireless carrier Verizon Communications Inc has been buying streaming rights from television network owners ahead of a nationwide launch of an online TV service, according to people familiar with the matter. Verizon plans to sell a package with dozens of channels this year, the sources told Reuters. The news was first reported by Bloomberg.

  • WASHINGTON, March 30- In revamping the North American Free Trade Agreement, the Trump administration will seek tax equality and the ability to reimpose tariffs if a flood of imports from Canada and Mexico causes "a threat of serious injury" to U.S. industry, a draft of negotiating objectives shows. "The persistent U.S. deficit in goods trade with Canada and Mexico...

  • Union-affiliated investors Amalgamated Bank and CtW Investment Group filed a proposal in November to strip the chairman's role from Steve Ells, who is also Chipotle's founder and chief executive officer, by instituting an independent chair. Under the agreement, Chipotle agreed to strengthen the lead director position held by Neil Flanzraich, who has been...

  • CAPE CANAVERAL, Fla., March 30- A recycled SpaceX rocket recovered at sea from its first flight nearly a year ago blasted off again on Thursday from Florida on a satellite-delivery mission, another key step in founder Elon Musk's plan to slash launch costs by reusing his rockets. The Falcon 9 booster, which previously flew in April 2016, lifted off from the Kennedy...

  • JOHANNESBURG, March 31- South African President Jacob Zuma has appointed Malusi Gigaba as the country's new finance minister, replacing Pravin Gordhan who was sacked in a cabinet reshuffle, a statement from the president's office just after midnight on Thursday said. Zuma also said that Sfiso Buthelezi was appointed Deputy Finance Minister replacing...

  • The four reactors are part of two projects known as V.C. Summer in South Carolina, which is majority-owned by SCANA Corp and Vogtle in Georgia, which is owned by a group of utilities led by Southern Co.. Tax-exempt bonds issued by the Municipal Electric Authority of Georgia, which owns 22.7 percent of the Vogtle units, and South Carolina Public Service Authority,...