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Wires

  • *Venezuela risk also supports prices. *Nigeria agrees to join push to rein in output. NEW YORK, July 26- Oil prices rose to near eight-week highs on Wednesday, with Brent crude futures above $50 a barrel, as a much steeper than expected decline in U.S. inventories encouraged hopes the global crude glut would recede.

  • WASHINGTON, July 26- The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the U.S. economy. After pushing rates nearly to zero to fight the 2007-2009 financial crisis and recession, the Fed pumped over $3 trillion into the economy in a...

  • The groups want a say because they maintain a shutdown of the $3.8 billion pipeline moving North Dakota oil to Illinois would adversely impact the oil industry. Tribal attorneys say the groups' arguments are lengthy and duplicate those already made by Texas- based pipeline developer Energy Transfer Partners and federal officials who permitted the project.

  • The New Jersey decision follows a separate ruling by a New York court on Tuesday that required Sinderbrand's lawyers to halt any review of or planned action to use or share the data, and scheduled a hearing for arguments as to whether the lawyers should be required to return the disc to the bank. Sinderbrand is suing his brother, whom he worked with at Wells Fargo...

  • DES MOINES, Iowa— The Latest on a lawsuit filed against United Airlines over death of a giant rabbit:. United Airlines says it is saddened by the death of a giant rabbit after a flight from London to Chicago and is reviewing a lawsuit filed by the animal's owners. A group of Iowa businessmen has filed a lawsuit against United Airlines over the death of a giant rabbit...

  • "The House, the White House and the Senate have been meeting for a couple months. The White House wants to slash the rate to 15 percent for seven years, while congressional Republicans are trying to settle on a permanent rate that does not increase the deficit. The congressional Big Six members are Senate Majority Leader Mitch McConnell, House of Representatives...

  • Treasury Secretary Steven Mnuchin urged Congress on Wednesday to raise the federal debt limit before lawmakers start their August recess, to avoid higher interest costs to taxpayers and market uncertainty about a potential default. "As I've suggested in the past, based upon our best estimate at the time, we do have funding through September, but I have urged...

  • DETROIT— Ford Motor Co. is recalling nearly 117,000 vehicles because the bolts in the seat, seat belt or seat belt buckle may fracture. The recall involves the 2014 F-Series pickup, 2014 E-Series van, 2014-2015 Ford Escape and the 2015 Lincoln MKC SUV. Most of the affected vehicles are in the U.S., but there are 20,681 in Canada and 1,510 in Mexico.

  • July 26- AT&T Inc shares jumped more than 4 percent on Wednesday, notching their biggest one-day percentage gain since March 2009, a day after the carrier said its bundled products had helped slow losses of its most lucrative wireless customers. The company's better-than-expected subscriber metrics and margin performance alleviated some concerns that...

  • NETFLIX SAYS AWARE OF MEMBERS HAVING TROUBLE STREAMING ON ALL DEVICES; "WE ARE INVESTIGATING THE ISSUE"- TWEET.

  • S&P 500 SLIPS INTO NEGATIVE TERRITORY; FINANCIAL SHARES SLIDE.

  • The Bedford, Massachusetts- based company's revenue rose to $183.1 million in the second quarter from $148.7 million the same quarter last year, beating average analyst expectations of $174.7 million, according to Thomson Reuters data. Fueled by strong growth in the United States and Europe, iRobot also raised its full-year revenue and earnings projections.

  • July 26- Taiwanese electronics manufacturer Foxconn will announce plans to build a multi-billion dollar flat panel screen plant in Wisconsin at a White House event later on Wednesday, a source briefed on the matter said. A White House official said President Donald Trump is hosting an event at 5 p.m. EDT with Foxconn "for a technology manufacturing initiative...

  • HELENA, Mont.— Not knowing what Congress and President Donald Trump will do with health care has led Montana's largest insurer to propose a rate hike for next year that's 10 times higher than it would have otherwise, company officials said Wednesday. Insurers across the nation are trying to guess what Congress will do as they face state deadlines to file their...

  • *Sets aside provisions of 10.5 million euros for possible fines. FRANKFURT, July 26- Deutsche Boerse said on Wednesday that its first half performance was "slightly below" its expectations and full year earnings were likely to be at the "lower end" of its forecast range. The German stock exchange operator reported second-quarter net profit of 176 million euros,...

  • The company says it had no advance knowledge of Al Iacobelli's alleged payments to UAW vice president General Holiefield and Holiefield's wife, Monica Morgan. A former Fiat Chrysler executive has been charged in Detroit with giving $1.2 million in various gifts to a UAW vice president and other senior union managers. Alphons Iacobelli was indicted...

  • NEW YORK/ LONDON, July 26- Gold jumped 1 percent to a six-week high on Wednesday, after the U.S. Spot gold rallied 1.1 percent to $1,262.11 an ounce. "Gold clawed back recent losses and surged to fresh highs of the rally as the Fed confirmed it was on a summer sabbatical with a safe statement that nodded to lower inflation but was offset by a confirmation that balance...

  • CHICAGO, July 26- U.S. wheat futures firmed on Wednesday, with MGEX spring wheat contracts posting the biggest gains as results from a crop tour confirmed that drought in the northern Plains severely crimped harvest potential in that key growing region. Traders also noted bargain buying in wheat futures as the benchmark Chicago Board of Trade soft red winter...

  • LINZ, Austria, July 26- The European Central Bank could reduce asset purchases from the start of next year but should not completely stop bond buys, Austrian central bank governor Ewald Nowotny said on Wednesday, adding that policymakers needs a flexible, careful plan. With economic growth picking up strength and the threat of deflation gone, the ECB has room to...

  • *Expects Q2 net loss of up to $1.8 billion. SINGAPORE, July 26- Noble Group, once Asia's largest commodities trader, is to cut staff and sell assets, including its U.S. gas and power business to Mercuria Energy Group, as it faces a quarterly loss of up to $1.8 billion. Hong Kong- based Noble added that it would "explore strategic alliances in Asia" with Mercuria after...