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Wires

  • CHICAGO— Grain futures were mixed Wednesday in early trading on the Chicago Board of Trade. Wheat for July delivery was 1.40 cents lower at $4.5160 a bushel; July corn was down 1.60 cents at $3.5740 a bushel; July oats was up 2.40 cents at $2.49 a bushel while July soybeans gained 1.40 cents to $9.1260 a bushel. June live cattle was. 28 cent lower at $1.1933 a pound;...

  • *Orders below 25.50 euros a share risk missing deal- sources. FRANKFURT, June 28- Online takeaway food delivery group Delivery Hero is expected to price its initial public offering at the top end of the range, people close to the deal said, meaning the listing would raise 996 million euros. Meanwhile, New York- based Blue Apron Holdings, the online meal-kit company...

  • TERMS OF SETTLEMENT IN' PINK SLIME' DEFAMATION AND LIBEL CASE NOT DISCLOSED- COMPANY STATEMENT.

  • BEEF PRODUCTS INC REACHES SETTLEMENT WITH AMERICAN BROADCASTING COMPANY AND REPORTER JIM AVILA IN LIBEL AND DEFAMATION CASE- COMPANY STATEMENT.

  • LONDON, June 28- The 1980 s film WarGames contains an important lesson for OPEC and shale producers about the futility of trying to manage the oil market. In the film, the U.S. Air Force's new war-planning computer, which displays an early form of artificial intelligence called Joshua, runs simulations for global thermonuclear war, trying to find a way to win.

  • June 28- Seeds and agrochemicals company Monsanto Co, which is being bought by Germany's Bayer AG, reported a stronger-than-expected quarterly profit on Wednesday as record U.S. and Brazilian soybean plantings lifted seed sales. Record soybean seedings in the United States and Brazil, the world's top two producers of the oilseed, were a boon for the world's...

  • TORONTO, June 28- Canada's main stock index rose in early trade on Wednesday, as financial stocks gained as investors priced in a greater chance of a interest rate hike and Empire Co Ltd jumped after reporting quarterly results and increasing its dividend. The Toronto Stock Exchange's S&P/TSX composite index was up 9.29 points, or 0.06 percent, to 15,290.51...

  • Stocks are bouncing back in morning trading as banks continued to rise along with interest rates. Higher interest rates will let banks make bigger profits on mortgages and other types of loans. Medical device company Spectranetics surged 26 percent after Dutch electronics and health care technology company Philips said it agreed to buy the company for...

  • US 10- YEAR TREASURY YIELDS RISE TO 2.23 PERCENT AFTER BOE'S CARNEY COMMENTS.

  • SINTRA, Portugal, June 28- The Bank of England is likely to need to raise interest rates as the British economy comes closer to operating at full capacity, and will debate this "in the coming months", BoE Governor Mark Carney said on Wednesday. Speaking at a European Central Bank conference in Portugal, Carney said that policymakers would need to look at the extent to...

  • June 28- Wall Street opened higher on Wednesday as financial stocks rose and after a report that investors overreacted to ECB chief Mario Draghi's view on fiscal stimulus. The Dow Jones Industrial Average rose 111.82 points, or 0.52 percent, to 21,422.48. The S&P 500 gained 12.46 points, or 0.51 percent, to 2,431.84.

  • June 28- Fred's Inc said its board adopted a short-term shareholder rights plan in light of "increased trading activity" related to its involvement in Walgreens Boots Alliance's deal to buy Rite Aid Corp. Fred's said the rights plan, also known as a "poison pill", has a trigger of 10 percent and will expire on Sept. 25. Rite Aid said in December it would sell 865 stores to...

  • *Vitol expects crude at $40- $55 a barrel next few quarters. LONDON, June 28- Oil edged lower towards $47 a barrel on Wednesday after an industry report said U.S. inventories increased, reviving concerns that a three-year supply glut is far from over. Brent crude was down 5 cents at $46.60 a barrel at 1312 GMT.

  • JOHANNESBURG, June 28- AngloGold Ashanti is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks to restructure its South African mines. "It is critical that we act to protect the long-term sustainability of this business and the majority of our workforce," Chief Executive Officer...

  • MOSCOW, June 28- Pavel Durov, founder of the Telegram messaging app, agreed on Wednesday for his firm to be registered in Russia after coming under pressure from the authorities to do so, but said Telegram would not share confidential user data with anyone. Durov spoke out after Russia's FSB security service said terrorists had used his app to carry out a deadly...

  • JOHANNESBURG, June 28- Africa's biggest gold miner AngloGold Ashanti is considering retrenching 8,500 mine workers as part of its restructuring of its South African business "to ensure their viability", sending its shares lower. The company which employs 28,000 people, said the retrenchment is part of restructuring of the companys production and cost base in...

  • NEW YORK, June 28- U.S. Treasury prices weakened on Wednesday, but came off their lows on reports that markets had misinterpreted comments by European Central Bank President Mario Draghi on Tuesday as being more hawkish than he had intended. The big trigger of action this morning has been the walk back of Draghis more hawkish comments yesterday, said Guy Le Bas,...

  • SINTRA, Portugal June 28- European Central Bank President Mario Draghi intended to signal tolerance for a period of weaker inflation, not an imminent policy tightening, when his comments sent the euro higher this week, sources familiar with Draghi's thinking said on Wednesday. The sources said Draghi wanted to acknowledge the recent, strong economic data and...

  • *Value of OPEC output up 10 pct in 2017- Reuters figures. OPEC plus Russia and other non- OPEC producers agreed on May 25 to extend supply cuts to March, after an initial deal to keep them in place for the first half of 2017.. "I expect the gains for OPEC to be higher during the second semester 2017 due to a tight market in the third and fourth quarter, despite an oversupply...

  • June 28- U.S. mortgage applications recorded their steepest weekly decline in six months last week, even as most borrowing costs on home loans held steady, according to Mortgage Bankers Association data released on Wednesday. The Washington- based group said its seasonally adjusted measure on loan requests for home purchases and refinancing fell to 417.4 in...