Wires

  • NEW YORK, Jan 18- The S&P 500 ended a choppy session slightly higher on Wednesday, helped by gains in financials following comments by Federal Reserve Chair Janet Yellen that it "makes sense" to gradually lift interest rates.

  • PHILADELPHIA— The nation's chief railroad regulator is using technology to make rail crossings safer as she prepares to leave office. Sarah Feinberg says technology companies are beginning to add crossing warnings to their GPS devices and mapping applications. She had been on the job for just three weeks when a packed commuter train slammed into an SUV...

  • **HomeServices of America Inc, a unit of Warren Buffett's Berkshire Hathaway Inc, on Tuesday said it has purchased the Houlihan Lawrence residential real estate firm, its second foray into the New York City area this month. **German carmaker Volkswagen said it would not produce or sell any Audi cars with SAIC Motor Corp until at least 2018, seeking first to...

  • SAN FRANCISCO, Jan 18- Federal Reserve Chair Janet Yellen said on Wednesday that she expects the stronger dollar, whose rise in part is fueled by expectations the Fed will gradually raise interest rates, to continue to drag on U.S. exports.

  • SEOUL, Jan 19- Samsung Group said on Thursday it appreciated the fact that the South Korean special prosecutor's case against the head of the group, Jay Y. Lee, can proceed without his detention. "We appreciate the fact that the merits of this case can now be determined without the need for detention," Samsung Group said in an emailed statement. Seoul Central District...

  • WASHINGTON, Jan 18- Mallinckrodt Plc, which bought Questcor Pharmaceuticals in 2014, has agreed to pay $100 million to settle allegations that Questcor broke antitrust law in pricing its multiple sclerosis drug H.P.

  • NEW YORK, Jan 18- The U.S. dollar edged higher and stocks gained ground on Wednesday after the top U.S. monetary policy official spoke, but investors voiced caution over how U.S. policy will develop under Donald Trump's presidency two days before his inauguration. Federal Reserve chair Janet Yellen were released and after U.S. inflation data.

  • NEW YORK, Jan 18- U.S. "Waiting too long to begin moving toward the neutral rate could risk a nasty surprise down the road- either too much inflation, financial instability, or both," Yellen said in remarks prepared for delivery to the Commonwealth Club of California in San Francisco. "They are a little bit more optimistic as of late," said Gennadiy Goldberg, an interest...

  • BLOOMINGTON, Minn.— The Mall of America plans to continue showing movies, but in a renovated space that offers oversized reclining chairs, gourmet food and wines and cocktails. The Star Tribune reported Wednesday that CMX, a subsidiary of Mexico City- based Cinemex, is building a 64,000- square-foot movie theater at the Minnesota mall. Information from: Star...

  • SEOUL, Jan 19- A South Korean court on Thursday dismissed a warrant to arrest the head of the Samsung Group, the country's largest conglomerate, a court spokesman said, amid a graft scandal that led to the impeachment of President Park Geun-hye. The decision by the Seoul Central District Court to allow Jay Y. Lee to go home is likely to come as a major relief to the...

  • *Consumer prices increase 0.3 percent in December. WASHINGTON, Jan 18- U.S. consumer prices increased in December as households paid more for gasoline and rental accommodation, leading to the largest year-on-year increase in 2-1/ 2 years and signaling that inflation pressures could be building. "Further momentum in consumer prices could add to the perception...

  • NEW YORK, Jan 18- Axeon Specialty Products plans on shutting down its 75,000 barrel-per-day asphalt refinery in Paulsboro, New Jersey, as early as this summer, according to a local politician and sources familiar with the company's plans. Axeon is owned by New York- based hedge fund Lindsay Goldberg. Neither Axeon nor Lindsay Goldberg responded to requests for...

  • S&P 500 EDGES UP IN WAKE OF YELLEN REMARKS.

  • NEW YORK— Donald Trump and Hillary Clinton voters had different media diets, but a study finds common ground in Facebook as an important news source— even if their individual feeds bore little resemblance to each other's. "That was a pretty important finding," said Jeffrey Gottfried, senior researcher at the Washington- based think tank. While other digital brands...

  • NEW YORK, Jan 18- There are signs that the commercial real estate market in New York is weakening but optimism about the U.S. economy and resilient leasing activity suggest growth is still expected this year and in 2018, brokerage Cushman& Wakefield said on Wednesday. While land sales and their transaction volume in 2016 slid noticeably, an indication potential...

  • Jan 18- The U.S. Army on Wednesday began the process of launching an environmental study of the Dakota Access pipeline crossing in North Dakota, a move that has been challenged by the company constructing the controversial project. The Army said on Wednesday it is gathering information to prepare an environmental impact statement regarding an easement to...

  • On Tuesday, British American Tobacco Plc announced a $49- billion deal to take over rival Reynolds American Inc, uniting two major e-cigarette players in the United States and United Kingdom and becoming a bigger competitor to Philip Morris International Inc and U.S. partner Altria Group. "Suddenly things that were not conceivable became something we...

  • DAVOS, Switzerland, Jan 18- Two of Europe's biggest banks warned on Wednesday that they could each move about 1,000 jobs out of London as they prepare for expected disruption caused by Britain's exit from the European Union. Germany's Handelsblatt newspaper also reported that Goldman Sachs is considering halving its London workforce to 3,000 and moving key...

  • SAN FRANCISCO, Jan 18- Bankrupt South Korean shipping line Hanjin Shipping Co Ltd won U.S. court approval at a hearing on Wednesday for the $78 million sale of its stake in U.S. terminal operator Total Terminals International LLC, overcoming objections of container companies. Bankruptcy Judge John Sherwood said, adding he would approve the transfer of the...

  • The investment manager developed by UK pension funds to invest in UK infrastructure, appointed Tony Poulter as chairman. The company appointed Phil Roberts to lead investment banking in EMEA, and Phillip Hall to head the structured finance business in the region. The global advisory, broking and solutions firm named Mike Liss as head of its corporate risk and...