Wires

  • BRUSSELS, Sept 30- U.S. chipmaker Qualcomm will attempt to fend off EU antitrust charges at a hearing on Nov. 10 that it used anti-competitive methods to squeeze out a rival, two people familiar with the matter said on Friday. The European Commission may take Qualcomm's arguments at the hearing into account in the case, which could delay the Commission's decision...

  • WASHINGTON, Sept 30- U.S. wheat supplies ballooned to the biggest in nearly 30 years during the summer months, topping expectations, as a 12 percent jump in production and weak demand on the export market filled storage bins, the government said on Friday. The U.S. Agriculture Department also reported corn and soybean stocks as of Sept. 1 at multi-year highs despite...

  • Sept 30- Deutsche Bank AG is nearing an agreement with U.S. officials to pay $5.4 billion to settle charges related to its sale of toxic mortgage bonds before the financial crisis, French news agency AFP reported on Friday, citing sources. Germany's largest lender said about two weeks ago it would fight a $14 billion demand from the U.S. Department of Justice to...

  • FRANKFURT, Sept 30- German prosecutors are considering once again whether to press charges against Mark Zuckerberg and other Facebook executives for failing to staunch a tide of racist and threatening posts on the social network during last year's migrant surge. Munich prosecutors have received a complaint filed by a German technology law firm two weeks...

  • FRANKFURT, Sept 30- Germany's central bank sees no need for a new global stimulus package as it expects the world's economy to continue to recover, Bundesbank board member Andreas Dombret said on Friday. The IMF has called on economies that have fiscal surpluses to spend more but its appeal has gone unheeded in Germany, where the central bank opposes further...

  • WELLINGTON/ WINNIPEG, Sept 30- New Zealand is closely watching changes in how Canada prices dairy products, New Zealand's trade ministry said on Friday, as industry groups in several countries complain of unfair Canadian competition. Canada's dairy farmers and processors, which include Saputo Inc and Parmalat Canada, struck a pricing agreement in July that...

  • LONDON, Sept 30- Sterling edged up on Friday but was on track for a fifth consecutive quarter of losses against the dollar- the currency's worst run since 1984.. The pound plunged to a 31- year low after Britain voted to leave the European Union, falling as low as $1.28 early in the third quarter, having already weakened in the run-up to the June referendum on worries...

  • LONDON, Sept 30- Sterling edged up on Friday but was on track for a fifth consecutive quarter of losses against the dollar- the currency's worst run since 1984.. The pound plunged to a 31- year low after Britain voted to leave the European Union, falling as low as $1.28 early in the third quarter, having already weakened in the run-up to the June referendum on worries...

  • *Oil pulls back after rally on OPEC agreement to cut output. Brent crude prices fell as traders booked profits on a rally underpinned by an OPEC agreement to reduce output for the first time in eight years to address global oversupply. "Wall Street was right to worry about Deutsche Bank, but yesterday was a bit of an overreaction, and we're walking back a little bit...

  • NEW YORK, Sept 30- U.S. "We are very much being driven by headline risks at Deutsche Bank," said Gennadiy Goldberg, interest rates strategist at TD Securities in New York. "Obviously, people are afraid of what could possibly happen over the weekend," said Tom Digaloma, managing director at Seaport Global in New York.

  • NEW YORK, Sept 30- Costco Wholesale Corp should hand over $5.5 million to compensate Tiffany& Co for selling counterfeit Tiffany diamond engagement rings, a federal jury said on Thursday. Tiffany is also entitled to punitive damages, the jury in Manhattan said. The $5.5 million represents the amount of profit Costco made from the sale of the rings that would...

  • DETROIT— BMW is recalling 4,000 SUVs in the U.S. and Canada to fix a new and potentially deadly problem with Takata air bag inflators. The companies traced the problem to incorrect welding at a Takata factory in Mexico. Dealers will replace the driver's air bag at no cost starting November 11.

  • LONDON, Sept 30- Global equity fundraising rose in the third quarter, Thomson Reuters data showed on Friday, but failed to make up for the sharp slowdown of the first half of 2016, when volatile markets deterred listings. Money raised from flotations, or initial public offerings, fell more than a third to $79.2 billion in the first three quarters, the slowest such...

  • KIEV, Sept 30- The European Union has expanded the amount of produce Ukraine can export duty-free to the bloc as part of their free trade deal, but delayed disbursing a second tranche of aid pending further policy steps by Kiev, the bloc said on Friday. Friday's announcement is a boon to Ukrainian exporters, some of whom had complained about the fact that the deal...

  • Sept 30- Wall Street extended gains on Friday as a bounce in Deutsche Bank's shares helped lift financial stocks amid broad gains across sectors. Deutsche Bank's U.S-listed stock surged 12.3 percent after French news agency AFP reported that the bank was nearing a settlement with the U.S. Department of Justice regarding mortgage bonds.

  • TORONTO, Sept 30- Rogers Communications Inc will end the print editions of four of its biggest magazines next year, its media arm said on Friday, the latest sign of the Canadian media industry's struggles with falling print advertising.

  • *Targets 1.1 billion euros in cost savings by 2020. *Shares 3.5 pct lower, Europe banks index -0.7 pct. FRANKFURT, Sept 30- Commerzbank aims to add 2 million retail and small business customers over the next four years, part of a revamp to boost earnings that will also see it cut thousands of jobs.

  • BRUSSELS, Sept 30- European Union states agreed on Friday on a fast-track, joint ratification of the Paris accord to combat climate change, pushing the landmark global pact to the brink of entering into force. Friday's agreement by environment ministers from all EU 28 member states marks a rare political breakthrough for the bloc at a time of uncertainty over...

  • Nutanix sold 14.87 million shares on Thursday, more than the expected 14 million, and priced them $16, above the anticipated range of $13 and $15, to raise about $238 million. Nutanix's stock hit $29.67 in early trading, valuing the San Jose-based company at $4.05 billion, double the valuation it received in its last funding round in 2014.. Its net loss rose by a third...

  • Sept 30- IT services provider Cognizant Technology Solutions Corp said it was conducting an internal investigation into possible violations of U.S. anti-corrupt practices laws related to payments in India, sending its shares tumbling on Friday. Cognizant said the investigation was looking at whether certain payments related to Cognizant facilities in...