Wires

  • *FTSE 100 in biggest one-day fall since June. LONDON, Jan 17- Sterling saw its biggest daily gains since at least 1998 on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain's deal to leave the EU and sought to draw a line under discussion of a "hard" or "soft" Brexit. One media report at the weekend had quoted a Downing Street source as...

  • Jan 17- Morgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it was on track to reach a number of financial goals set out by Chief Executive James Gorman. Morgan Stanley's trading results echoed those of JPMorgan Chase& Co and Bank of America Corp last week, driven by Donald Trump's surprise...

  • "We removed the language at issue from our form separation agreement prior to being contacted by the SEC and there was no finding that this provision ever prevented an employee from communicating with the agency." The SEC in 2011 adopted rules designed to encourage people to come forward with tips about possible corporate wrongdoing. Since 2015, the SEC has...

  • 1. Hawaiian Airlines, 91.5 percent. 2. Delta Air Lines, 91.4 percent. 3. Alaska Airlines, 88.0 percent.

  • FRANKFURT, Jan 17- Germany's Lufthansa is not in talks about Etihad Airways taking a stake in the German airline, two sources familiar with the matter said on Tuesday, denying an Italian newspaper report that said it was. A source familiar with state-owned Etihad also said Abu Dhabi would not want to pay for a stake in Lufthansa. Il Messaggero earlier reported,...

  • *Erdogan traditionally backs lower interest rates to spur growth. ANKARA/ ISTANBUL, Jan 17- President Tayyip Erdogan called on the financial services industry on Tuesday to lend more to stimulate a flagging Turkish economy but stopped short of criticising the central bank. "If those who are in the position of owning the finance sector do not open the necessary...

  • MIDLAND, Texas, Jan 17- Exxon Mobil Corp said on Tuesday it will pay up to $6.6 billion to double its holdings in the Permian Basin of west Texas and New Mexico, the largest oil field in the United States. Exxon is exchanging an initial $5.6 billion in stock for leases covering roughly 275,000 acres from the Bass family of Fort Worth, Texas. Most of the wells to be drilled...

  • Jan 17- Biogen Inc said on Tuesday it would pay Forward Pharma A/S $1.25 billion to license the Danish company's patents covering multiple sclerosis drugs, providing Biogen an insurance policy on future sales of Tecfidera, its blockbuster oral treatment for the disease. Biogen and Forward Pharma have been locked in a dispute over the patents for dimethyl...

  • In what is likely her final speech before stepping down after President-elect Donald Trump is sworn into office on Friday, White lamented the "prescriptive" rule-writing requirements that Congress has imposed on the SEC and said such efforts harm the SEC's ability to get things done or exercise discretion on complicated market issues.

  • The federal Department of Transportation reported Tuesday that 86.5 percent of U.S. flights in November arrived on time, an improvement over both the previous month and November 2015. Hawaiian Airlines and Delta Air Lines posted the best rates for on-time arrivals, over 90 percent. Virgin America, which is now owned by Alaska Airlines' parent, had the worst mark.

  • NEW YORK— The first property ever connected to President-elect Donald Trump has become a hot spot for real estate deal-making. Paramount Realty USA offered the 1940 Tudor-style house in a leafy part of Queens to bidders last fall, but that auction was canceled amid a burst of last-minute interest. Paramount principal Misha Haghani says "there's no doubt it's...

  • President-elect Donald Trump's administration while cutting its overall budget this year, according to a blog post by its editors on Tuesday. The budget cuts, which will be laid out in coming weeks and months, will focus on editing and production systems, rather than on resources for journalism, according to the post by Dean Baquet, executive editor, and Joe Kahn,...

  • WASHINGTON, Jan 17- Boeing Co Chief Executive Dennis Muilenburg said he had a "very productive" meeting with President-elect Donald Trump on Tuesday and was encouraged by progress in talks on the Air Force One replacement fleet and on fighter planes. "We discussed Air Force One, we discussed fighter aircraft," Muilenburg told reporters after the hourlong meeting.

  • WILMINGTON, Del, Jan 17- Education Management Corp scored a victory in its fight against an investor opposed to its $1.5 billion debt-cutting plan on Tuesday, when a U.S. appeals court overturned a decision in a closely watched case involving creditors' rights. The U.S. Court of Appeals in Manhattan said a lower court erred in its ruling that a Depression-era law,...

  • WASHINGTON— Premiums and the number of uninsured would soar under a Republican bill Congress passed last year scuttling President Barack Obama's health care overhaul, lawmakers' nonpartisan budget analyst estimated Tuesday in a report underlining the GOP's risks in its fresh push to dismantle and replace the health law. The Congressional Budget Office...

  • BOEING CEO SAYS APPRECIATES' TEAMWORK APPROACH' AFTER MEETING WITH TRUMP.

  • BOEING CEO SAYS IF YOU WANT MANUFACTURING JOBS, AEROSPACE INDUSTRY IS THE PLACE TO INVEST.

  • BOEING CEO SAYS' I'M VERY ENCOURAGED BY TODAY'S PROGRESS,' ON THE SAME PAGE WITH TRUMP TO PROVIDE BEST CAPABILITY WITH LOWEST COST.

  • BOEING CEO SAYS DISCUSSED AIR FORCE ONE, FIGHTER AIRCRAFT WITH TRUMP.

  • SAO PAULO, Jan 17- Brazil's government and homebuilders are nearing an agreement on new industry rules giving companies the right to keep a defined share of the value of the home in the event of a canceled purchase, according three people briefed on the matter. A meeting to confirm the potential agreement was scheduled to take place on Tuesday in Brasília but was...