Wires

  • NEW YORK, Dec 9- U.S. Treasury yields climbed on Friday with benchmark yields marking a fifth consecutive week of increases on stronger-than-forecast data on China inflation and U.S. consumer sentiment ahead of $56 billion in government debt supply next week. The rise in U.S. yields was also underpinned by ongoing bond sales after the European Central Bank's...

  • NEW YORK, Dec 9- Investors are paying a price for not finding buyers for popular exchange-traded notes, used to bet on oil prices, that delisted from U.S. exchanges this week. "It's ultimately buyer beware," said ETF.com Chief Executive Officer Dave Nadig, who sold 10 UWTI notes Friday. Now, the products, which have an outstanding value of $745 million, live on in a...

  • Dec 9- U.S. apparel retailer J. Crew Group Inc is taking steps to negotiate with its creditors about cutting the value of its approximately $2 billion debt load, as its struggles with falling sales, people familiar with the matter said on Friday. A debt restructuring would underscore the challenges the company has faced since it was acquired by private equity...

  • VIENNA, Dec 9- Russia's energy minister said on Friday he expected non- OPEC oil producers to fully contribute to production cuts agreed earlier with OPEC. "I look with optimism at tomorrow's event," Alexander Novak said ahead of a meeting between OPEC and non- OPEC producers on Saturday. "I think that we will agree and we must agree," he said adding he was confident non-...

  • Samuel Mebiame, the 43- year-old son of the late former Gabon Prime Minister Leon Mebiame, entered his plea in federal court in Brooklyn to conspiracy to violate the U.S.

  • WASHINGTON— President-elect Donald Trump is expected to name Gary Cohn, the No. 2 executive at the powerhouse Wall Street firm Goldman Sachs, to a prominent White House economic post. Cohn, 56, would lead the White House's National Economic Council, a posting that would require him to leave his $21- million- a-year job as president and chief operating officer at...

  • GABONESE' FIXER' SAMUEL MEBIAME ENTERS PLEA IN U.S.

  • President-elect Donald Trump will likely ask a senior Goldman Sachs banker to coordinate economic policy across his administration, turning again to Wall Street for expertise in managing the world's largest economy, a transition official said on Friday. The anti-Goldman message rankled some on Wall Street, although several alums of the bank had major...

  • NEW YORK, Dec 9- Polychain Capital, a hedge fund that invests solely in encrypted digital currencies, has raised $10 million from famed venture capitalists Andreeseen Horowitz and Union Square Ventures, founder Olaf Carlson-Wee said on Friday. The San Francisco- based fund is focusing on currencies powered by blockchain, a ledger of transactions maintained by...

  • MEXICO CITY, Dec 9- Donald Trump's threats to battle Mexico over trade, investment and jobs have pushed a growing number of companies operating in the country to put expansion plans on hold until the president-elect fleshes out his policies, business leaders have told Reuters since the Nov. 8 election. Codan and other companies in Mexico are plugged into the 1994...

  • *Russia energy minister says no oil talks with OPEC on Friday. NEW YORK, Dec 9- Oil prices rose about 1 percent on Friday on hopes that non- OPEC producers meeting in Vienna over the weekend would agree to output restrictions to go along with the limits OPEC announced last week to curb a glut of oil. On Saturday, OPEC oil ministers will meet non- OPEC producers in Vienna to...

  • NEW YORK, Dec 9- U.S. Treasury yields climbed on Friday with benchmark yields marking a fifth consecutive week of increases on stronger-than-forecast data on China inflation and U.S. consumer sentiment ahead of $56 billion in government debt supply next week. The rise in U.S. yields was also underpinned by ongoing bond sales after the European Central Bank's...

  • VIENNA, Dec 9- Russia's energy minister said on Friday he expected non- OPEC oil producers to fully contribute to production cuts agreed earlier with OPEC. "I look with optimism at tomorrow's event," Alexander Novak said ahead of a meeting between OPEC and non- OPEC producers on Saturday. "I think that we will agree and we must agree," he said adding he was confident non-...

  • NEW YORK— The Trump Organization says there's no validity to a video in which a woman claims Republican President-elect Donald Trump has allowed her to stay at his New York hotel free of charge for nine years. The video is being circulated online and shows a woman talking to a camera by a window overlooking Central Park. Trump Hotels spokeswoman Jennifer...

  • NEW YORK, Dec 9- U.S stocks followed Europe higher on Friday as investors piled in on the post-Trump-election rally while the euro weakened against the dollar as investors continued to digest the European Central Bank's Thursday decision to extend economic stimulus. Treasury yields climbed, with benchmark yields on track for a fifth straight week of...

  • *S&P 500 marks high for third straight day. Dec 9- Major U.S. stock indexes powered to another day of fresh records on Friday as investors bid up shares in sectors that have lagged in the month-long rally since Donald Trump's presidential election. "You have this post-election exuberance that has been infecting every area of the market," said Peter Costa, president...

  • The Tongass National Forest released a management plan update Friday that it says emphasizes young-growth timber sales in the forest covering much of southeast Alaska over old-growth timber. Kristen Miller, with the Alaska Wilderness League, says the plan protects important places that support fishing and tourism. Shelly Wright, with the Southeast...

  • WASHINGTON— President-elect Donald Trump's transition team is asking Energy Department employees detailed questions about the agency's operations and personnel, including a list of employees and contractors who attended international meetings on climate change over the past five years. One Energy Department official, who asked not to be named,...

  • WASHINGTON, Dec 9- A U.S. agency involved in settlement talks with Volkswagen AG over its diesel emissions scandal raised concerns about nearly two dozen mobile phones destroyed or lost by the German carmaker. The Federal Trade Commission said in a court filing dated Thursday there were 23 lost or broken mobile phones the FTC was not able to access, the agency...