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Wires

  • President Donald Trump pressed Democrats on Monday to include funds for his promised border wall with Mexico in spending legislation as lawmakers worked to avoid a looming shutdown of the federal government. Republicans control both chambers of Congress, but a White House- backed bill to gut former President Barack Obama's Affordable Care Act, popularly...

  • Commerce Secretary Wilbur Ross said on Monday his agency will impose new anti-subsidy duties averaging 20 percent on Canadian softwood lumber imports, a move that escalates long-running trade dispute between the two countries. "There are several different layers of duty each for a different company, but it averages 20 percent," Ross told Reuters by telephone.

  • Arconic announced on Monday that after last week's resignation of its chief executive and chairman, Klaus Kleinfeld, it was postponing its annual meeting from May 16 to an unspecified day at the end of the month. Kleinfeld resigned after sending a letter to Elliott founder Paul Singer this month that Arconic's board did not approve and that the hedge fund...

  • TOKYO, April 25- Japan's growing labor shortage threatens the nation's ubiquitous convenience stores, whose business model relies on an army of part-timers packing bento lunch boxes, manning cash registers and delivering goods 24/ 7.. The big three "combini" operators 7- Eleven, FamilyMart and Lawson, which have expanded through Japan's long slump, are...

  • SHANGHAI/ PARIS, April 25- When China unveiled an historic order for its first large commercial jetliner at a national air show in 2010, Western journalists were kept away, and only local media were allowed to witness a major turning point in China's aviation ambitions. "They will be trying to compete on price against people who are building aircraft at a much...

  • The U.S. Federal Communications Commission barred merger talks among telecommunications companies for over a year as it conducted a $19.8 billion auction of airwaves from broadcasters for wireless use. T-Mobile, the largest winner with an $8 billion bid, is widely expected to be one of the first to have such discussions. "The inorganic and organic...

  • MONTREAL April 24- Canadian National Railway Co on Monday reported an 8 percent increase in quarterly revenue as the railroad moved record volumes, boosted by grain, frac sand and coal. Canada's largest railroad also approved a quarterly dividend and said total carloads rose 9 percent in the first quarter ended March 31, although rail freight revenue per...

  • April 24- Pharmacy benefit manager Express Scripts Holding Co said Anthem Inc, its biggest customer and one that has sued the company over claims of being overcharged, was unlikely to renew its contract after it ends in 2019.. "While the headline that Anthem is leaving Express Scripts is in of itself not surprising, the timing is highly unexpected," Evercore ISI...

  • Last year, a court in Canada's oil heartland of Alberta ruled that proceeds from the sale of assets belonging to privately held Redwater Energy Corp would go first to secured creditors, rather than toward cleaning up the company's inactive oil and gas wells. Alberta, which produces about 80 percent of Canada's crude, had more than 1,500 orphan wells in February,...

  • April 24- Barrick Gold reported weaker-than-expected quarterly earnings on Monday and also slashed its forecast for output and hiked costs at its gold mine in Argentina, where cyanide solution spilled recently for the third time in 18 months. Barrick said it now expects full-year production at Veladero of 630,000 to 730,000 ounces of gold, at all-in...

  • SAO PAULO, April 24- Terms of a free trade accord between the European Union and the Mercosur trade bloc could be ready before the end of this year and take effect in 2019, a senior diplomat said on Monday.

  • *Agreed Akorn bid of $34 per share. FRANKFURT, April 24- German healthcare conglomerate Fresenius SE& Co KGaA revved up the pace of its deals by acquiring U.S. generic drugmaker Akorn Inc for $4.75 billion, and in a separate agreement, the biosimilars unit of German peer Merck KGaA. A lot has been done in that area in the recent past, "Fresenius Chief Executive Stephan...

  • The black-founded hair product company Shea Moisture apologized Monday under heavy criticism on social media for a video spot featuring white women. The online commercial promoting the company's products on sale at Target includes the women, along with a woman of color, talking about "hair hate" and how Shea is their go-to product, prompting cries of...

  • WASHINGTON, April 24- The U.S. Senate on Monday confirmed former Georgia Governor Sonny Perdue as secretary of agriculture, leaving all but one of President Donald Trump's Cabinet positions filled. The nomination earlier passed the Senate Agriculture Committee with only one vote in opposition, although some Midwestern senators raised concerns that Perdue...

  • Ajit Pai, who was named chair of the FCC by President Donald Trump in January, will deliver a speech titled "The Future of Internet Regulation" on Wednesday in Washington, the FCC said. Sources said Pai is expected to announce that he will begin the process of taking public comment to repeal the rules approved by the FCC under President Barack Obama in early 2015.

  • ROME/ MILAN, April 24- Workers in loss-making Italian airline Alitalia rejected a management restructuring plan to cut jobs and salaries on Monday, betting that the government will be asked to call in an administrator to draft an alternative rescue plan. The flag carrier, owned 49 percent by Abu Dhabi- based Etihad Airways, has been bailed out repeatedly by...

  • CALGARY, Alberta, April 24- U.S. pipeline company Kinder Morgan Inc said on Monday its Canadian unit filed a prospectus for an initial public offering of restricted voting shares, to help finance its C $7.4 billion Trans Mountain expansion project. Reuters reported in February that the company had begun talks with institutional investors to raise capital for...

  • Avaneesh Krishnamoorthy, an Indian citizen living in West New York, New Jersey, made about $48,000 trading Neustar stock and options in a brokerage account held by him and his wife, after learning that Golden Gate Capital was in talks to buy the company, court papers show. Shares of Neustar rose 21 percent last Dec. 14 after Golden Gate's takeover of the Sterling,...

  • CHICAGO— The physician who was dragged off a United Airlines flight in Chicago this month was verbally and physically abusive, and flailing his arms before he lost his balance and struck his mouth on an armrest, according to the aviation officer who pulled the man out of his seat. The Chicago Department of Aviation on Monday released the officer's report of the...

  • BIRMINGHAM, Ala. _ National Commerce Corp. on Monday reported first-quarter earnings of $5.9 million. Three analysts surveyed by Zacks expected $24.7 million. National Commerce shares have risen 2 percent since the beginning of the year.