×

Wires

  • MUMBAI, India _ ICICI Bank Ltd. on Thursday reported fiscal first-quarter earnings of $317.3 million. ICICI Bank shares have climbed 39 percent since the beginning of the year. Keywords: ICICI Bank, Earnings Report.

  • NEW YORK, July 27- Oil prices rose to an eight-week high on Thursday, as a rally in U.S. gasoline futures spurred further gains this week that came after key OPEC members pledged to reduce exports and the U.S. government reported a sharp decline in crude inventories. "It's the summer driving season, so the market looks to gasoline for direction and with gasoline...

  • WASHINGTON— Randal Quarles, President Donald Trump's nominee for the Federal Reserve Board, says he likes a predecessor's ideas for where regulators should prune banking rules. At his Senate confirmation hearing, Quarles says he agrees with recent recommendations of the man he'd replace as the head of bank oversight. He's expected to win approval from the...

  • NEW YORK, July 27- The U.S. dollar rallied on Thursday after solid U.S. economic data, bouncing back from months- and years-long lows plumbed in early trading that followed Wednesday's Federal Reserve policy statement. The euro on Thursday fell 0.4 percent against the dollar, slipping below the $1.17 mark. It had earlier risen to $1.1776, its highest since January...

  • July 27- Chemical companies Dow Chemical Co and DuPont are seeing increased benefits in building sustainable "green" products, as they look for newer avenues of growth and build a stronger connection with millenials. A growing demand for healthy food and environment-friendly detergents was in part responsible for DuPont's better- than-expected...

  • July 27- Chemical companies Dow Chemical Co and DuPont are seeing increased benefits in building sustainable "green" products, as they look for newer avenues of growth and build a stronger connection with millenials. A growing demand for healthy food and environment-friendly detergents was in part responsible for DuPont's better- than-expected...

  • SAO PAULO— Brazilian police have arrested a former CEO of state oil company Petrobras on suspicion of receiving bribes from a construction company involved in a sprawling corruption scandal. The prosecutor-general's office says in a statement that Aldemir Bendine was taken into custody Thursday. Bendine served as Petrobras' chief executive from 2015 to...

  • HOUSTON, July 27- Oilfield service companies do not expect their businesses will get a major activity boost from oil prices in the second half of this year, but demand is robust enough that they will be able to raise fees, executives said. "We are well structured for the $45 to $55 a barrel range," Andy Hendricks, chief executive of drilling and fracking services...

  • Chicago Board of Trade September soft red winter wheat futures were 2 cents higher at $4.79-3/ 4 a bushel. CBOT December corn futures were 1-3/ 4 cents higher at $3.87-3/ 4 a bushel and CBOT November soybeans were up 7-1/ 4 cents at $10.07-1/ 2 a bushel. "less rain than hoped for in Iowa, with not much the rest of the week," Kevin Stockard, market analyst at CHS Hedging, said in a...

  • HONDA SAYS TAKATA AIRBAG INFLATOR RUPTURED IN 2002 HONDA ACCORD IN JULY 19 FLORIDA CRASH DEATH.

  • NEW YORK, July 27- A U.S. prosecutor on Thursday urged jurors to convict former drug company executive Martin Shkreli of defrauding investors in his hedge funds and stealing from his old company to repay them. Attorney Alixandra Smith told jurors in Brooklyn federal court that Shkreli told "lies upon lies" over the course of five years. Shkreli, 34, is best known for...

  • WASHINGTON, July 27- The White House said on Thursday a lot of progress was being made on tax reform after the "Big Six" Republican tax negotiators made up of administration officials and congressional leaders issued a statement on preparations for a tax reform bill. "We're making a lot of progress on this front," White House press secretary Sarah Sanders said at a...

  • The top-ranking Democrat on the Senate Homeland Security and Governmental Affairs Committee is focusing on the distribution of opioids and the efforts companies made to report and investigate the diversion of drugs for illicit use. The investigation comes at a time when lawmakers and regulators take steps to combat the epidemic of opioid addiction, with...

  • President Donald Trump could veto pending legislation that would slap new sanctions on Russia in order to push for a tougher deal, a top White House aide said on Thursday, as Moscow warned of retaliation if Washington went ahead with the measure. The sanctions, which the U.S. House of Representatives has approved, need to pass in the Senate too before going to...

  • WHEAT RIDGE, Colo. _ Solitario Exploration& Royalty Corp. on Thursday reported a loss of $517,000 in its second quarter. On a per-share basis, the Wheat Ridge, Colorado- based company said it had a loss of 1 cent. Keywords: Solitario Exploration& Royalty, Earnings Report.

  • WASHINGTON, July 27- A Republican proposal in the House of Representatives to institute a border tax on imported items has been killed, party leaders said on Thursday, saying they did so as part of a tax overhaul deal struck between congressional and administration negotiators. The Big Six is comprised of Treasury Secretary Steve Mnuchin and Gary Cohn, the head...

  • *UPS outlook weighs on Dow transports. *Tech sector drops despite gains for Facebook. July 27- A swoon in technology and transportation shares led Wall Street lower on Thursday, with stocks hastening their declines in afternoon trading on a day full of corporate earnings reports.

  • Leonard Green& Partners LP, Apollo Global Management LLC and KKR& Co LLP are among the private equity firms in talks with the Nordstrom family members, according to the sources. The Nordstrom family members are also contemplating using $7 billion to $8 billion in debt to finance their bid, some of the sources added. Seattle- based Nordstrom, which has a market...

  • EXCLUSIVE-NORDSTROM INC FAMILY MEMBERS OFFERING PREFERRED EQUITY TO ATTRACT BUYOUT PARTNER, IN TALKS WITH LEONARD GREEN, APOLLO GLOBAL, KKR- SOURCES.

  • The Treasury Department sold $28 billion in seven-year notes to fair demand, the final sale of $88 billion in coupon-bearing supply this week. AT&T Corp also came to market with a $22.5 billion. "The market is unduly being sold off on the mega AT&T deal... that is weighing on the long-end of the market" Tom di Galoma, a managing director at Seaport Global Holdings in New...