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Wires

  • NEW YORK, Feb 24- Proposals in Congress that would effectively end Medicaid expansion in 31 U.S. states would cost those states at least $32 billion altogether in 2019, according to a report released on Friday. One scenario to phase out enhanced federal funding would convert the current system, in which states share the cost of Medicaid enrollees with the...

  • SÃO PAULO, Feb 24- Brazil is likely to suffer nearly a lost decade of economic development with living standards not returning to pre-crisis levels until around 2022, economists said on Friday. Prospects of a lost decade raise the stakes for President Michel Temer and his ambitious agenda of economic reforms, seen by many analysts as the only way for Brazil to...

  • SÃO PAULO, Feb 24- Brazil is likely to suffer nearly a lost decade of economic development with living standards not returning to pre-crisis levels until around 2022, economists said on Friday. Prospects of a lost decade raise the stakes for President Michel Temer and his ambitious agenda of economic reforms, seen by many analysts as the only way for Brazil to...

  • SÃO PAULO, Feb 24- Brazil is likely to suffer nearly a lost decade of economic development with living standards not returning to pre-crisis levels until around 2022, economists said on Friday. Prospects of a lost decade raise the stakes for President Michel Temer and his ambitious agenda of economic reforms, seen by many analysts as the only way for Brazil to...

  • SÃO PAULO, Feb 24- Brazil is likely to suffer nearly a lost decade of economic development with living standards not returning to pre-crisis levels until around 2022, economists said on Friday. Prospects of a lost decade raise the stakes for President Michel Temer and his ambitious agenda of economic reforms, seen by many analysts as the only way for Brazil to...

  • SAO PAULO, Feb 24- Brazil's state-run oil company Petróleo Brasileiro SA, or Petrobras, said on Friday its board has approved settlements with investors in four more lawsuits in a U.S. federal court in New York. In a securities filing, Petrobras said the new settlements would raise total provisions for the lawsuits to $372 million in the fourth quarter, $8 million...

  • WASHINGTON, Feb 24- The U.S. Federal Communications Commission will block some Obama administration rules that subject broadband providers to stricter scrutiny than websites, a spokesman said on Friday, in a victory for internet providers such as AT&T Inc, Comcast Corp and Verizon Communications Inc.. The rules approved by the FCC in October in a 3-2 vote were...

  • TORONTO, Feb 24- Canada's benchmark stock index slumped on Friday, dropping by the most in over five months in a sharp pullback from a record high set earlier in the week, as heavily-weighted energy and financial stocks led a broad-based retreat. The Toronto Stock Exchange's S&P/TSX composite index ended down 247.73 points, or 1.57 percent, at 15,533.47, its...

  • CALGARY, Alberta, Feb 24- Canada's energy sector has fallen out of favor with international oil majors, who are scaling back ambitions and walking away from reserves in the ground there to focus on lower-cost and higher-margin opportunities elsewhere. Billion-dollar bets on Canada's oil sands went sour this week for Exxon Mobil Corp and Conoco Phillips.

  • PEMBROKE, Bermuda _ Endurance Specialty Holdings Ltd. on Friday reported fourth-quarter net income of $23.8 million. The Pembroke, Bermuda- based company said it had net income of 30 cents per share. Endurance Specialty Holdings shares have risen 0.5 percent since the beginning of the year.

  • NEW YORK, Feb 24- A judge on Friday rejected Cumulus Media Inc's bid to proceed with a refinancing plan that the second-largest U.S. radio network hoped would help reduce its $2.4 billion debt load, but was opposed by some lenders. District Judge Katherine Polk Failla in Manhattan came in a lawsuit the Atlanta- based company filed in December, accusing JPMorgan...

  • NEW YORK, Feb 24- Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Friday he expects the yield on the benchmark 10- year U.S. Yields fell as low as 2.313 percent, the lowest since Jan. 17. Gundlach, who oversees $101 billion, first introduced his view on the 10- year yield's bottom in January.

  • Feb 24- Buyout firm KKR& Co LP is preparing an initial public offering of Gardner Denver Inc that could value the U.S. industrial machinery maker at between $6 billion and $7 billion including debt, according to people familiar with the matter. Gardner Denver may register its IPO with the U.S. Securities and Exchange Commission as early as next week, the people said...

  • WASHINGTON— Figures on government spending and debt in millions of dollars.

  • There was far more selling than buying on Wall Street, but the Dow Jones industrial average extended its winning streak to an 11th day. The Russell 2000 index of smaller-company stocks inched down 0.1 point to 1,394.52. The S&P 500 picked up 16.18 points, or 0.7 percent.

  • NEW YORK, Feb 24- Major global stock markets lost ground on Friday as investors scaled back bets U.S. Oil futures fell, pressuring energy stocks after data showed U.S. crude inventories rose for a seventh week, signaling oversupply despite OPEC's efforts to rein in output. "The market will come to realize that a lot of these pro-growth policies might get pushed to...

  • *Loonie touches strongest since Feb. 16 at C $1.3057. TORONTO, Feb 24- The Canadian dollar notched a one-week high against its U.S. counterpart on Friday after data showed a spike in domestic inflation, but some gains were pared ahead of a Bank of Canada interest rate decision next week. "It is a pretty eye-catching number," said Andrew Kelvin, senior rates strategist at...

  • CHICAGO, Feb 24- The Chicago Public Schools said on Friday it will return $18 million in funding cuts to certain schools in a move that will increase the cash-strapped district's lingering budget deficit to $129 million. "This increases the districts remaining budget deficit from $111 million to $129 million." Illinois Governor Bruce Rauner's veto in December...

  • J.C. Penney Co., down 40 cents to $6.46. Hewlett Packard Enterprise Co., down $1.70 to $22.96. American Electric Power Co., up $1.14 to $67.15.

  • SAO PAULO, Feb 24- Vale SA has stepped up the search for a new chief executive officer as Murilo Ferreira announced his departure, signaling efforts by some top shareholders to shield the world's No. 1 iron producer from political interference, three people with direct knowledge of the situation said on Friday. Potential candidates include Chief Financial...