Wires

  • NEW YORK, Jan 20- U.S. Treasury yields fell from two-and-a-half-week highs on Friday after Donald Trump adopted a populist tone as he was sworn in as U.S. president, raising some concerns that fiscal stimulus efforts may be delayed. "When he got a little more anti-establishment you could see the yields dropping a little bit," said Aaron Kohli, an interest rate...

  • SAN FRANCISCO, Jan 20- Ride-hailing company Uber Technologies Inc. has hired the man behind Google search to work closely with Chief Executive Travis Kalanick and help grow the company's self-driving car program. It launched a second fleet in San Francisco last month, but a feud with California regulators over Uber's failure to obtain proper permitting...

  • BERLIN, Jan 20- Germany will need a new economic strategy geared toward Asia should the new U.S. administration start a trade war with China, Vice Chancellor Sigmar Gabriel said on Friday, warning of a "rough ride" hours after President Donald Trump was sworn in. Europe and Germany must stand together "to defend our interests. The United States is Germany's biggest...

  • NEW YORK, Jan 20- The dollar edged lower in choppy trading on Friday as investors found few reasons to make big bets on the U.S. currency following newly sworn-in President Donald Trump's inauguration speech. "There wasn't anything that appeared to elicit a strong market movement," said Richard Scalone, co-head of foreign exchange at TJM Brokerage in Chicago.

  • SAN FRANCISCO, Jan 20- California environmental officials released an ambitious plan on Friday that seeks to cut the state's output of heat-trapping greenhouse gas emissions by 40 percent below 1990 levels by 2030..

  • NEW YORK, Jan 20- Societe Generale agreed to pay a $50 million civil fine and admit to misconduct to settle U.S. claims that it fraudulently concealed from investors the poor quality of residential mortgage-backed securities it marketed and sold. In a statement on Friday, the U.S. Department of Justice said the French bank concealed problems in a $780 million...

  • Jan 20- General Electric Co is seeking a sharp cut in corporate tax rates under President Donald Trump but is bracing for U.S. sales of medical equipment to suffer if Congress delays changing U.S. healthcare laws. "From a GE perspective, at a minimum, we need to have a corporate tax system where the rate of taxation is commensurate with the OECD average of 21 or 22...

  • *Stocks, dollar lose ground on Trump speech. *S&P holds on to small gains, set for weekly dip. NEW YORK, Jan 20- The dollar was down but U.S. stock indexes pared their gains in the last day of a choppy trading week, after Donald Trump's inaugural speech as U.S.

  • GLENS FALLS, N.Y. _ Arrow Financial Corp. on Friday reported fourth-quarter earnings of $6.6 million. The Glens Falls, New York- based bank said it had earnings of 49 cents per share. Arrow Financial shares have declined slightly more than 8 percent since the beginning of the year.

  • LONDON/ FRANKFURT Jan 20- U.S. banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters. Morgan Stanley, which bases the bulk of its European staff in Britain, will have to move up to 1,000 jobs in sales and trading, risk...

  • OTTAWA, Jan 20- Canada's government, eager to sidestep potentially protectionist U.S. policies, said on Friday it was confident that new President Donald Trump would see that working closely with Canada benefited both nations' economies. Trump- who is committed to renegotiating the North American Free Trade Agreement with Canada and Mexico- said during his...

  • OTTAWA, Jan 20- Canada's government, eager to sidestep potentially protectionist U.S. policies, said on Friday it was confident that new President Donald Trump would see that working closely with Canada benefited both nations' economies. Trump- who is committed to renegotiating the North American Free Trade Agreement with Canada and Mexico- said during his...

  • WALDORF, Md. _ The Community Financial Corp. on Friday reported fourth-quarter profit of $2 million. The Waldorf, Maryland- based bank said it had earnings of 44 cents per share. The holding company for Community Bank of the Chesapeake posted revenue of $13.5 million in the period.

  • Wells Fargo analyst Jennifer Fritzsche said in a note that both the DirecTV and wireless numbers were a "net positive," and the DirecTV Now additions appeared to be ahead of expectations. Shares of AT&T were up 1.3 percent at $41.55 in afternoon New York Stock Exchange trading. AT&T introduced DirecTV Now at prices ranging from $35 a month for more than 60 channels...

  • PITTSBURGH— The Latest on a two-day sentencing hearing for "Dance Moms" star Abby Lee Miller:. The bankruptcy fraud sentencing hearing for "Dance Moms" reality TV star Abby Lee Miller has begun before a federal judge in Pittsburgh. "Dance Moms" reality TV star Abby Lee Miller is scheduled to appear in Pittsburgh federal court Friday for the start of her sentencing...

  • OTTAWA, Jan 20- Canada's business competition watchdog said on Friday it had reached an agreement with Apple Inc and three major e-book publishers that will allow retailers to offer discounts to customers. The Competition Bureau's investigation found that an arrangement between the publishers and Apple led to higher prices for Canadians.

  • Jan 20- U.S. energy companies this week added the most oil rigs in nearly four years, extending an eight-month recovery as drillers take advantage of a deal by OPEC to cut supplies that has boosted prices over $50 a barrel since early December. Almost two-thirds of the rigs added since May were in the Permian basin, the nation's biggest shale oil formation located...

  • Jan 20- Since the launch of the benchmark S&P 500 index in 1957, U.S. stocks have generally not fared well on the day a new president assumes office from a predecessor. But in early afternoon trading on Friday after Donald Trump had taken the oath of office as the 45th U.S. president, succeeding Barack Obama, the S&P was up 0.25 percent, the Dow was up 0.39 percent and...

  • *Producers to establish compliance mechanism at meeting- OPEC. Members of the Organization of the Petroleum Exporting Countries and some other producing countries including Russia, will meet in Vienna to establish a mechanism to verify compliance with a deal to cut output 1.8 million barrels per day, OPEC's secretary general told Reuters.