×

Wires

  • Video game companies are slipping as Wall Street was disappointed by forecasts from GameStop. GAME OVER: GameStop's first-quarter results were stronger than analysts expected, but sales of wireless devices were weaker than investors expected. Electronic Arts lost $1.08 to $112.75 and Activision Blizzard slumped 46 cents to $58.76.

  • In the Pentagon budget plan sent to Congress this week, the Air Force proposes to keep all 283 A-10s flying for the foreseeable future. Three years ago, the Pentagon proposed scrapping the fleet for what it estimated as $3.5 billion in savings over five years. The following year, the military tried again but said the retirement would not be final until 2019....

  • LONDON, May 26- Sterling racked up its worst falls since early February on Friday after an opinion poll showed Prime Minister Theresa May's lead down to just 5 percentage points over the Labour opposition less than two weeks before a parliamentary election. In a succession of falls in Europe, the pound sank against the euro and by a full percentage point against...

  • As the meeting of leaders from seven wealthy democracies gathered for difficult talks on trade and climate change, Germany's Der Spiegel reported that Trump had told EU leaders the day before that the Germans were "bad, very bad." White House economic adviser Gary Cohn sought to clarify the situation Friday, noting that the president "said they're very bad on...

  • FRANKFURT/ LONDON, May 26- International buyout groups and Chinese investment funds are expected to submit bids for Israeli irrigation firm Netafim, which could fetch around $1.5 billion, within the next few weeks, two banking sources said on Friday. Private equity funds CVC and Bain Capital and Chinese investment funds Fosun International and Primavera...

  • *Currently runs $142 bln on behalf of Europe clients. Sean Hagerty, head of Vanguard Europe, told Reuters that the money it manages in Europe, which is currently $142 billion, would grow strongly. "The growth rate in Europe has been somewhere close to 30 percent.

  • ROME, May 26- ArcelorMittal, the world's biggest steelmaker, and Italian industrial group Marcegaglia have won a bid to buy the troubled Ilva steel plant in southern Italy, a source with knowledge of the matter said on Friday. A representative for ArcelorMittal in Italy declined to comment until after Italy's industry ministry ratifies the decision.

  • CHICAGO— Grain futures were higher Friday in early trading on the Chicago Board of Trade. Wheat for July delivery was 1.20 cents higher at $4.32 a bushel; July corn was up 2 cents at $3.7120 a bushel; July oats was up. 60 cent at $2.4260 a bushel while July soybeans lost. 20 cent to $9.3920 a bushel. June live cattle was. 28 cent lower at $1.2420 a pound; May feeder cattle was...

  • NEW YORK, May 26- Three fossil fuel industry groups dropped their attempt to intervene in a court case over climate change this week after failing to reach an agreement on a unified legal position on climate science, court filings show. The American Petroleum Institute and the National Association of Manufacturers, prominent trade groups in the oil and gas...

  • *OPEC wants to see Texan fields, U.S. bankers visit Vienna. *OPEC needs higher prices, but wary of new U.S. oil boom. OPEC and non- OPEC countries led by Russia agreed on Thursday to extend oil output curbs by nine months to March 2018, keeping roughly 2 percent of global production off the market in an attempt to boost prices.

  • LONDON, May 26- Through the global economy's recovery over most of the past decade from a debilitating financial crisis, one thing that has not turned higher in any meaningful way is workers' pay. While job markets in major developed economies like the U.S., Britain and Germany have made impressive recoveries in terms of posts created and filled, there remains...

  • LONDON, May 26- Through the global economy's recovery over most of the past decade from a debilitating financial crisis, one thing that has not turned higher in any meaningful way is workers' pay. While job markets in major developed economies like the U.S., Britain and Germany have made impressive recoveries in terms of posts created and filled, there remains...

  • LONDON, May 26- Through the global economy's recovery over most of the past decade from a debilitating financial crisis, one thing that has not turned higher in any meaningful way is workers' pay. While job markets in major developed economies like the U.S., Britain and Germany have made impressive recoveries in terms of posts created and filled, there remains...

  • LONDON, May 26- Through the global economy's recovery over most of the past decade from a debilitating financial crisis, one thing that has not turned higher in any meaningful way is workers' pay. While job markets in major developed economies like the U.S., Britain and Germany have made impressive recoveries in terms of posts created and filled, there remains...

  • DEARBORN, Mich.— A Muslim man who says Little Caesars served him a pizza with pepperoni made with pork has filed a lawsuit seeking $100 million from the restaurant chain. The Detroit Free Press reports that the lawsuit filed Thursday in Wayne County Circuit Court says the pizza sold in the Detroit suburb of Dearborn was labeled "halal," meaning it shouldn't contain...

  • *Canadian dollar at C $1.3456, or 74.32 U.S. cents. TORONTO, May 26- The Canadian dollar edged higher against its U.S. counterpart on Friday as prices of oil, one of Canada's major exports, stabilized after a sharp drop the day before. Oil prices had plunged on Thursday following an Organization of the Petroleum Exporting Countries-led decision to extend current...

  • May 26- General Motors Co said on Friday proxy adviser Glass Lewis& Co LLC recommended shareholders to vote for GM's board nominees and against Greenlight Capital's proposal at the company's annual shareholder meeting in June. Hedge fund manager David Einhorn's Greenlight has been pressuring GM to split its common stock into two classes to help boost its...

  • MOSCOW, May 26- Russian lender Sberbank would not like court cases with the Croatians over indebted food and retail giant Agrokor, Sberbank Chief Executive German Gref told reporters on Friday.

  • May 26- Wall Street was flat on Friday morning, coming off six straight days of gains and ahead of a three-day holiday weekend, as another strong day for consumer stocks was offset by weakness in financial and technology companies. Shares of Costco Wholesale rose 2.2 percent to $178.61, giving the biggest boost to the S&P, after the warehouse club operator...