Wires

  • NEW YORK— On Saturday, the U.S. government plans to cede control of some of the internet's core systems— namely, the directories that help web browsers and apps know where to find the latest weather, maps and Facebook musings. The U.S. has been in charge of these systems for more than three decades; plans to transfer control of these functions to a nonprofit oversight...

  • LONDON, Sept 29- Financial markets appear to see a rebound in inflation on the horizon even as bond yields fall, leaving investors asking whether this shows years of easy money are finally working or is just a pricing anomaly linked to the latest central bank policy twist. That decision seemed to resonate quickly worldwide by lifting inflation expectations...

  • Sept 29- BBX Capital Corp, a Florida company once known as BankAtlantic Bancorp, and its ex-chief executive have won a new trial in a lawsuit by the U.S. Securities and Exchange Commission accusing them of defrauding investors before the 2008 financial crisis. "While the decision leaves open the possibility of a new trial, it decimates any ability of the SEC to win,"...

  • Privately held National Amusements said in a letter to both companies' boards that a merger would bring significant savings, but it would not support a transaction that would cause it to surrender control of CBS, Viacom or a combined entity. CBS shares rose 3.1 percent to $55.82 in morning trading, while Viacom was up 1.1 percent at $36.97. When Redstone split CBS...

  • ORLANDO, Fla., Sept 29- Atlanta Federal Reserve Dennis Lockhart said on Thursday he is "comfortable" with the central bank raising interest rates in the near future if upcoming data support his view that the economy is growing at about 2 percent.

  • PARIS, Sept 29- The rise of new trends like car sharing and autonomous driving may usurp sales volume as a benchmark for measuring success in the auto industry, the head of marketing and sales at Mercedes-Benz, said on Thursday. Daimler's Mercedes brand is on track to overtake German rival BMW this year as the biggest seller of luxury cars globally, earlier than its...

  • PARIS/ FRANKFURT, Sept 29- Alarmed by the threat posed by Silicon Valley firms developing autonomous driving systems, carmakers at this week's Paris Motor Show showed signs they are ready to hit back by cooperating in areas where they might have been expected to compete. "This is how the automotive industry may be able to fight off the threat that Apple and...

  • MILAN— The Italian biochemical company Novamont has opened the first plant in the world to make a chemical compound used in the production of plastics with renewable sources. Novamont CEO Catia Bastioli said Thursday the company has invested 100 million euros to convert an abandoned plant near Rovigo in Italy's Po River delta to start industrial production...

  • Brussels police spokeswoman Ilse Van de Keere said around 45,000 people took part in Thursday's protest, the fourth since Prime Minister Charles Michel took office in 2014. Tensions have been high since U.S. heavy equipment maker Caterpillar announced the closure of its Belgian production plant, meaning the loss of more than 2,000 jobs.

  • Sept 29- U.S. stocks were slightly lower in choppy trading on Thursday morning as oil prices pulled back and investors assessed a set of economic data and comments from Federal Reserve officials. Investors are awaiting Fed Chair Yellen's speech in Washington and will look for hints on the timing of the next interest rate hike. Kansas City Fed President and...

  • NATO member Germany is part of a European consortium that funded development by Airbus of the A400M transport plane. Von der Leyen declined comment on whether Germany could buy C-130J Super Hercules transport planes built by Lockheed Martin Corp on its own, or with other, countries. She said Germany was working with other countries involved in the A400M...

  • NATO member Germany is part of a European consortium that funded development by Airbus of the A400M transport plane. Von der Leyen declined comment on whether Germany could buy C-130J Super Hercules transport planes built by Lockheed Martin Corp on its own, or with other, countries. She said Germany was working with other countries involved in the A400M...

  • WASHINGTON— Fewer Americans signed contracts to buy homes in August, as a shortage of properties for sale is weighing on the market. The National Association of Realtors said Thursday its seasonally adjusted pending home sales index fell 2.4 percent last month to 108.5, its lowest reading since January. The number of signed contracts slumped sharply in the...

  • The twice-annual Billion Dollar Club report, released on Thursday, showed a decline of nearly 7 percent, or $132 billion, to July 2016 from a year ago. Firms including Och-Ziff Capital Management Group LLC, BTG Pactual Asset Management, York Capital Management, Pershing Square Capital Management and J.P. Assets for the Billion Dollar Club have fallen over the...

  • WASHINGTON— Long-term U.S. mortgage rates slipped this week to the lowest level since mid-July. Mortgage giant Freddie Mac says the average for a 30- year fixed-rate mortgage dropped to 3.42 percent, lowest since mid-July and down from 3.48 percent last week. The benchmark rate is down from 3.85 percent a year ago and is close to its all-time low of 3.31 percent in...

  • Sept 29- Contracts to buy previously owned U.S. homes dropped in August to their lowest level since January, a warning sign for the economy as the industry struggles to boost supply. The National Association of Realtors said on Thursday its pending home sales index, based on contracts signed last month, decreased 2.4 percent to 108.5 following a jump in July.

  • Arrowhead will get $35 million up front and a $21.5 million injection from Amgen that will give the world's No. 1 biotech company by market value an equity stake of 4.5 percent. Pasadena, California- based Arrowhead will also eligible for up to $617 million in further milestone and equity payments. Arrowhead, along with competitors such as Alnylam...

  • WASHINGTON— The Supreme Court will hear a dispute over state laws that prohibit merchants from imposing fees on customers who use credit cards. The federal appeals court in New York upheld the state's law. The Atlanta- based court of appeals struck down Florida's version of the same law.

  • *OPEC producers agree output targets for first time in 8 years. *OPEC output cut would do little to reduce oversupply- analysts. LONDON, Sept 29- Oil prices slipped on Thursday as investors questioned whether an OPEC agreement to curb production- the group's first such deal since 2008- would be enough to rebalance a heavily over-supplied market.

  • WASHINGTON, Sept 29- The U.S. Supreme Court on Thursday agreed to hear a challenge to a New York state law barring retailers from imposing surcharges on customers who make purchases with a credit card rather than cash. The court will hear an appeal filed by a group of merchants to a September 2015 ruling by the New York- based 2nd U.S. Circuit Court of Appeals that...