×

Wires

  • NEW YORK/ LONDON, March 27- Gold rallied more than 1 percent on Monday after U.S. Spot gold was up 1 percent at $1,256.02 an ounce by. 2:28 p.m. EDT, having touched a one-month high of $1,261.03 and failing to hold above the 200- day moving average for the second time in a month.

  • A GPS-enabled "panic button" that Colombia's government has issued to about 400 people working in risky environments could be exposing them to more peril. But the Associated Press, with an independent security audit, uncovered technical flaws that could let hostile parties disable them, eavesdrop on conversations and track users' movements.

  • WASHINGTON, March 27- The U.S. Supreme Court on Monday struggled over whether to upend nearly 30 years of law governing patent lawsuits that critics say allows often-baseless litigants to sue in friendly courts, giving them the upper hand over high-technology companies such as Apple Inc and Alphabet Inc's Google. The justices heard an hour of arguments in an...

  • Gianopulos replaces Brad Grey, who stepped down as chief executive and chairman of Paramount last month, after 12 years in the job.. Gianopulos, who will report directly to Viacom Chief Executive Bob Bakish, will be in charge of charting a new strategy for Paramount which includes developing new content and expanding the studio globally. Under his strategy,...

  • WASHINGTON, March 27- The Trump administration intends to play a lead role in crafting a tax-cut plan, working in consultation with Congress, in an effort to meet an August target date, the White House said on Monday. "Obviously, we're driving the train on this... we're going to work with Congress," White House spokesman Sean Spicer told a news briefing.

  • *OPEC, non- OPEC producers review extension of production cuts. NEW YORK, March 27- Oil resumed its slide on Monday as investors remained uncertain whether producing nations would extend an OPEC- led output cut beyond the end of June in an effort to reduce a global glut of crude. On Sunday, a committee of ministers from OPEC and outside producers agreed to look at...

  • The Rockefeller Institute of Government, the public policy research arm of the State University of New York, said while the revised forecasts varied, states generally anticipate continued sluggish growth for their two biggest revenue sources: income and sales taxes. "States will have to find a way to raise revenue or cut spending," said Lucy Dadayan, one of the...

  • WHITE HOUSE SAYS ADMINISTRATION IS "DRIVING THE TRAIN" ON TAX REFORM BUT WILL CONSULT WITH CONGRESS.

  • WHITE HOUSE SAYS ADMINISTRATION LOOKING AT AUGUST AS TARGET DATE FOR TAX REFORM, BUT DEPENDS ON CONSENSUS ON BIG ISSUES.

  • FRANKFURT, March 27- Germany's two representatives on the European Central Bank's main policy-making body called on Monday for it to prepare to wind down its aggressive stimulus policy as soon as economic conditions allow it. The comments by Bundesbank president Jens Weidmann and by Sabine Lautenschlaeger, who represents the ECB's supervisory arm on the...

  • March 27- Impax Laboratories Inc, which is said to be conducting a strategic review, named former Allergan Plc executive and industry veteran Paul Bisaro as its chief executive, sending the drugmaker's shares soaring as much as 38 percent. Bisaro, 56, was largely behind transforming a much smaller generic drugmaker Watson Pharmaceuticals, at a couple of...

  • March 27- Viacom Inc on Monday named Jim Gianopulos, the former head of Twenty-First Century Fox Inc's movie studio, to take over its Paramount Pictures unit, the company said on Monday. Gianopulos replaces Brad Grey, who stepped down as chief executive and chairman of Paramount last month, after 12 years in the job.. Gianopulos will now report directly to Viacom...

  • *White House failure on healthcare raises worries over tax reform. NEW YORK, March 27- Stocks, the dollar and U.S. long-dated Treasury yields slipped on Monday but recovered lost ground as investors hoped U.S. Trump's failure to rally enough support from his own Republican party- which controls both houses of U.S. Congress- to repeal and replace Obamacare spurred a...

  • AngloGold has been exploring at the site in central Colombia for more than a decade. "We regret that because of a badly laid-out debate about mining in Colombia, the country and the region are now at risk of not receiving the benefits of well-done and responsible mining," AngloGold said in a statement on its website. AngloGold has invested some $900 million in...

  • VIACOM NAMES JIM GIANOPULOS CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF PARAMOUNT PICTURES.

  • NEW YORK, March 27- Bill Gross has reached a roughly $81 million settlement of his lawsuit against Pacific Investment Management Co, ending a bitter 2-1/ 2- year drama over the departure of the star bond investor from one of the world's biggest money managers. In his complaint filed in a California state court, Gross accused top Pimco executives including group...

  • BERLIN, March 27- The German Finance Ministry is worried there will be turbulence on the financial markets if there is a' hard Brexit', a German newspaper reported on Monday- two days before Britain triggers divorce proceedings with the European Union. The ministry is also worried that the two-year negotiation period between Britain and the EU will not suffice to...

  • LONDON, March 27- British officials have demanded tech firms do much more to give police access to smartphone communications following last week's Westminster attack, just months after new laws gave security services broader powers. British media have reported that shortly before launching the attack last Wednesday, Khalid Masood used encrypted...

  • Returns for 2016 are due April 18, giving owners who may still be trying to complete their returns while running a business not much time to get the taxes done, and done right. You can file it electronically or send it by mail, but it must be time-stamped or postmarked by midnight April 18, the due date for many owners' returns this year. Be sure you have a receipt for...

  • March 27- U.S. stocks were well off session lows on Monday as investors sought bargains after a rough start on Wall Street following the defeat of President Donald Trump's first major legislative action. The bill's failure led investors to question Trump's ability to deliver on his ambitious agenda of tax cuts and simpler regulations- key catalysts that have...