Wires

  • TOKYO/ SYDNEY, Dec 9- Asian shares flatlined on Friday but were on track for robust weekly gains, while the euro caught its breath after sliding when the European Central Bank trimmed the size of its asset purchase program and also extended it for longer than many had expected. MSCI's broadest index of Asia-Pacific shares outside Japan wobbled close to the...

  • TOKYO, Dec 9- Oil prices extended gains on Friday, buoyed by growing optimism that non- OPEC producers might agree to cut output following a cartel agreement to limit production. Oil producers will meet in Vienna on Saturday to see if non- OPEC countries will cut production to reduce a global supply glut that has pressured prices for more than two years.

  • WASHINGTON, Dec 8- President-elect Donald Trump named fast-food executive Andy Puzder to head the U.S. Department of Labor on Thursday, drawing criticism from labor advocates worried about his opposition to a higher minimum wage and government regulation of the workplace. He has bashed a new Labor Department rule aimed at extending overtime pay to more than 4...

  • NEW YORK, Dec 8- VelocityShares said on Thursday it was launching two new exchange-traded notes as an "alternative" to a pair of popular products used to bet on oil prices that are being delisted this week. The unexpected issuance of new notes comes as Credit Suisse's $617 million VelocityShares 3 x Long Crude Oil ETN is poised to become the largest-ever note to be...

  • TOKYO, Dec 9- Large Japanese manufacturers turned more optimistic about economic conditions in the fourth quarter but they lowered their capital expenditure plans for the current fiscal year, suggesting firms remain wary over future business conditions. The survey, which was taken a week after Donald Trump's U.S. presidential election victory, follows a...

  • TOKYO, Dec 9- The dollar held large gains against the yen and euro early on Friday, given a lift after the common currency slumped overnight following the European Central Bank's decision to extend its debt-buying programme even as it cut the amount of purchases. The ECB said Thursday it would reduce its monthly asset buys to 60 billion euros as of April, from the...

  • NEW YORK, Dec 8- Investors cast a wary eye on markets in the latest week, rerouting $14.7 billion to cash-like investments in the largest weekly inflow in a month, Lipper data for U.S.-based funds showed on Thursday. Investors pulled $9.9 billion from those products in the latest week, while stock ETFs attracted $8 billion. The result deflates a report Wednesday by...

  • *Big manufacturers' Q4 sentiment index +7.5 vs +2.9 in Q3. TOKYO, Dec 9- Large Japanese manufacturers turned more optimistic about economic conditions in the fourth quarter but companies lowered their capital expenditure plans for the current fiscal year- a sign of some caution over future business conditions. The joint survey by the Ministry of Finance and the...

  • Dec 9- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 12- Dec United Sale of 3- year notes.

  • Speaker includes- European Commission President Jean-Claude Juncker, European Parliament President Martin Schulz, Netherlands Finance Minister and Eurogroup President Jeroen Dijsselbloem and other officials- 0800 GMT. PARIS- French Finance Minister Michel Sapin and Italian Economy Minister Pier Carlo Padoan will speak about growth in Europe and the...

  • WWE, the $1.5 billion company known for big personalities and outrageous story lines, wants its Chinese wrestlers to be the next television sensation in China, a market where other U.S. media companies have faltered. WWE hopes to succeed where others have failed, by bringing its own WWE Network online streaming service- currently available in 180 countries- to...

  • drop@ SAO PAULO, Dec 8- Brazil's Bovespa stock index fell on Thursday, after two sessions of gains, while Mexican stocks rose 1.65 percent, as investors snapped up shares that had become attractively cheap after weeks of poor performance. Brazilian markets opened higher after the country's Supreme Court overturned an injunction ordering the indicted head of...

  • Dec 8- Time Inc, the publisher of Time, People and Fortune magazines, has tapped Morgan Stanley and Bank of America Corp to help field takeover or partnership interest, the Wall Street Journal reported. The media company rejected a takeover bid from billionaire investor Edgar Bronfman Jr, the New York Post reported last month. Bronfman, former CEO of Warner Music...

  • Jersey City, N.J., Dec 8- The Port Authority of New York and New Jersey said for the first time on Thursday its next 10- year capital plan may include $2.7 billion for Amtrak's Gateway rail tunnel project underneath the Hudson River. Commissioner Kenneth Lipper said $3.2 billion of rail projects involving the city of Newark and LaGuardia Airport would be an "...

  • WASHINGTON, Dec 8- The U.S. derivatives regulator will move on from reforms created in the wake of the 2007-09 financial crisis to a new focus on U.S. competitiveness and the potential for shocks to the global $710 trillion swaps markets under President-elect Donald Trump. J. Christopher Giancarlo, in line to head the Commodity Futures Trading Commission once...

  • BROOKLYN, N.Y. _ J.W. Mays Inc. on Thursday reported fiscal first-quarter earnings of $462,000. J.W. Mays shares have dropped 21 percent since the beginning of the year. Keywords: J.W. Mays, Earnings Report.

  • Dec 8- Washington state filed an environmental lawsuit on Thursday against agricultural company Monsanto Co seeking damages and cleanup costs associated with the company's production of PCBs, the state's attorney general said. The lawsuit- against Monsanto and two of its splinter companies, Solutia Inc and Pharmacia LLC- seeks compensation for damages to...

  • Dec 8- Short seller Citron Research's Andrew Left has turned his sights on Express Scripts Holding Co, calling the pharmacy benefit manager the "culprit behind pharmaceutical price gouging." Shares of Express Scripts, the largest PBM in the United States, fell 6.7 percent to close at $70.75 on Nasdaq. President-elect Donald Trump, in a Time magazine article on...

  • Dec 8- Wells Fargo& Co Chairman Stephen Sanger and Vice Chair Elizabeth Duke have been named to a four-member committee that will lead an internal investigation into the bank's recent sales scandal, a person familiar with the matter said on Thursday. Rounding out the special committee's leadership, the person said, are Enrique Hernandez, chair of the board of...

  • WASHINGTON— Airlines passengers would be allowed to make phone calls during flights using Wi-Fi with the permission of the air carrier under regulations the Department of Transportation proposed Thursday. The Federal Communications Commission prohibits passengers from making cellphone calls during flights, but not Wi-Fi calls. Sara Nelson, president...