Wires

More

  • RPT- PENNSYLVANIA ATTORNEY GENERAL CONFIRMS CAVANAUGH, SENSER AND NEVELS TO STEP DOWN FROM HERSHEY TRUST'S BOARD BY THE END OF 2016, REDMOND AND MEAD TO STEP DOWN BY THE END OF 2017.

  • ORLANDO, Fla., July 29- Florida authorities on Friday reported what is believed to be the first evidence of local Zika transmission in the continental United States, concluding that mosquitoes likely infected four people with the virus that can cause a rare but serious birth defect. Governor Rick Scott said the state believed active transmission of the virus...

  • July 29- The Pennsylvania Attorney General's office unveiled on Friday the terms of a reform agreement with the charitable trust that controls Hershey Co that includes a 10- year term limit for trustees and limits on their compensation to $110,000. The deal, as first reported by Reuters last week, requires three trustees, Joseph Senser, Robert Cavanaugh and...

  • July 29- Tesla Motors Inc told U.S. Senate Commerce Committee staff it is considering two theories that may explain what led to the May 7 fatal crash that killed a Florida man who was using car's "Autopilot" system, a person familiar with the meeting told Reuters on Friday. Tesla staff members told congressional aides at a briefing Thursday they are still trying to...

  • BENGHAZI, Libya, July 29- Libya's U.N.-backed government signed a deal with an armed brigade controlling the major Ras Lanuf and Es Sider oil ports to end a blockade and restart exports from the major terminals shut down since December 2014. No specific date was set for restarting exports, but swift resumption will be hampered by technical damage from militant...

  • Heat wraps, children's nightgowns and electric wall ovens are among this week's recalled consumer products. The model number is printed on the hood and John Deere is printed on the cargo box. FOR MORE: Contact Deere& Company at 800-537-8233 from 8 a.m. to 6 p.m. ET Monday through Friday and Saturday from 9 a.m. to 3 p.m. ET or online at www.deere.com and click on "Recall...

  • HARRISBURG, Pa.— Pennsylvania's attorney general says her office has a new agreement on the governance and operations of Milton Hershey's multibillion-dollar charitable trust that controls the candy maker that bears his name. The agreement involves four longtime board members leaving, including Robert Cavanaugh and James Nevels by the end of 2016 and...

  • ALBUQUERQUE, N.M., July 29- Dallas Federal Reserve Bank President Robert Kaplan said on Friday that the U.S. economy is making slow progress toward meeting the central bank's objectives. "I'd say we are making slow but... sluggish progress to meeting our objectives," Kaplan told a community bankers association in New Mexico. The Fed has a dual mandate of full...

  • July 29- Phillips 66 joined larger rival Valero Energy Corp in saying that refiners are expected to process less crude in the second half of the year as margins shrink due to a gasoline glut. "My personal view is we've got a lot of inventory stacked up," Chief Executive Greg Garland said on a post-earnings call. Smaller rival Alon USA Energy Inc said on Friday it...

  • *79 bln pound deal would be biggest takeover of UK company. LONDON/ BRUSSELS, July 29- The board of brewer SABMiller will recommend its shareholders approve a sweetened takeover offer by Anheuser-Busch InBev, the company said on Friday, capping a week of high drama about the fate of the consumer industry's biggest-ever merger. Its earlier offer had been made less...

  • SAN FRANCISCO, July 29- Apple Inc on Friday asked the U.S. Supreme Court to clear the way for the iPhone maker to secure hundreds of millions in damages from Samsung Electronics Co Ltd in a case over smartphone design patents. Apple said there was no need for the Supreme Court to send the case back to a lower court for further proceedings. Its efforts were partially...

  • DETROIT— A person familiar with the discussions says Tesla has told Senate committee staffers that its engineers have two main theories about what caused a fatal crash in Florida involving one of its electric cars in self-driving mode. Tesla officials disclosed the theories a briefing with U.S. Senate Commerce Committee staff members Thursday, said the...

  • *Both down 15 pct on month; WTI drop the biggest since July 2015. NEW YORK, July 29- Oil prices steadied on Friday amid short-covering after a week-long selloff but were on track to end the month about 15 percent lower on persistent glut concerns, with the biggest decline seen for U.S. crude in a year. Brent's expiring front-month contract, September, was at $42.15 a...

  • CHICAGO, July 29- U.S. soybeans surged as much as 2 percent on Friday, reversing earlier losses in a rally sparked by U.S. data showing improved export demand, traders and analysts said. The most-active CBOT November soybeans gained 19 cents, or 1.9 percent, to $9.97 per bushel as of 11:50 a.m.. Soy prices rallied to their session peaks after the U.S. Department of...

  • July 29- Wall Street turned positive in afternoon trading on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month, as gains in Alphabet and Amazon more than made up for losses in energy shares. Shares of Google's parent, Alphabet, rose 4.8 percent to $802.4, a day after the company posted strong quarterly revenue, while online...

  • July 29- U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast doubts on a substantial recovery in drilling this year with crude prices heading for their biggest monthly loss in a year. The market was on track for a monthly loss of about 15 percent, and is down...

  • ORLANDO, Fla., July 29- Florida authorities on Friday reported what is believed to be the first evidence of local Zika transmission in the continental United States, concluding that mosquitoes likely infected four people with the virus that can cause rare but serious birth defects. Governor Rick Scott said the state believed active transmission of the virus...

  • President Barack Obama wants Congress to approve the Trans-Pacific Partnership deal this year to help write the rules on global trade while keeping a competitive edge, the White House said on Friday. "This will be something that Congress has to contend with. They can either cede that ground to China- the president believes that is the wrong approach, that we have...

  • WASHINGTON, July 29- During a visit from Singapore's prime minister on Tuesday, President Barack Obama will extol the Trans-Pacific Partnership trade deal and commit to getting the deal done, a top White House official said on Friday, even though Obama's fellow Democrats panned it at their convention this week. Obama wants the U.S. Congress to approve the 12-...

  • BRASILIA, July 29- Interim President Michel Temer said on Friday that the end of the impeachment trial of suspended President Dilma Rousseff, expected next month, will boost investment in Brazil as his administration strives to restore the country's credit standing. Temer told foreign reporters he expects the Senate to wrap up the trial of Rousseff by August...