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Wires

  • MADISON, Wis. _ MGE Energy Inc. on Friday reported fourth-quarter profit of $14.5 million. On a per-share basis, the Madison, Wisconsin- based company said it had profit of 42 cents. For the year, the company reported profit of $75.6 million, or $2.18 per share.

  • Graeme Pitkethly said Kraft's offer had highlighted the importance of achieving a balance between long-term sustainable value, which it had prioritised, and short-term delivery. "This has certainly been a trigger moment for Unilever, and we will not waste it," he said at the Consumer Analyst Group of New York conference in Boca Raton, Florida, in a presentation...

  • Piwowar's comments come at a time when many on Wall Street have been questioning whether the Justice Department and the SEC will ease enforcement of the FCPA. In addition, Trump's pick to lead the SEC, attorney Jay Clayton, previously chaired a committee at the New York City Bar Association which drafted a paper that was somewhat critical of how the law was being...

  • LISBON, Portugal— A senior European Union official says EU authorities are poised to release Portugal from tight fiscal oversight and the threat of sanctions because the country's financial health has improved. EU Commission Vice President Valdis Dombrovskis says that if statistics next month show Portugal's budget deficit has continued to fall and that...

  • *Trump speaks to Congress Tuesday, details on tax/spending? President Donald Trump's address to Congress may make the most headlines, but inflation readings of 2 percent could prove more significant economic events next week- a call to action perhaps in America and a important milestone in Europe. Rob Carnell, chief international economist at ING, sees the...

  • *Trump speaks to Congress Tuesday, details on tax/spending? President Donald Trump's address to Congress may make the most headlines, but inflation readings of 2 percent could prove more significant economic events next week- a call to action perhaps in America and a important milestone in Europe. Rob Carnell, chief international economist at ING, sees the...

  • *Trump speaks to Congress Tuesday, details on tax/spending? President Donald Trump's address to Congress may make the most headlines, but inflation readings of 2 percent could prove more significant economic events next week- a call to action perhaps in America and a important milestone in Europe. Rob Carnell, chief international economist at ING, sees the...

  • *Trump speaks to Congress Tuesday, details on tax/spending? President Donald Trump's address to Congress may make the most headlines, but inflation readings of 2 percent could prove more significant economic events next week- a call to action perhaps in America and a important milestone in Europe. Rob Carnell, chief international economist at ING, sees the...

  • TAORMINA, Sicily— Italy still needs to build two helicopter landing pads and repave some roads, but it's promising that all will be ready for the May 26-27 G-7 summit in a stunning Sicilian town overlooking the sea. Government Undersecetretary Maria Elena Boschi on Friday toured the site in Taormina, a hilltop town with an ancient Greek theater.

  • WASHINGTON, Feb 24- New U.S. single-family home sales rose less than expected in January, likely hurt by flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates. The Commerce Department said new home sales increased 3.7 percent to a seasonally adjusted annual rate of 555,000 units last month.

  • President Donald Trump plans to sign an executive order on Friday to place "regulatory reform officers" and task forces within federal agencies as part of his push to slash regulations, a White House official said. Trump's chief strategist, former Breitbart News executive editor Steve Bannon, told a gathering of political conservatives on Thursday that...

  • The various rules that will be contemplated by the SEC at a public meeting on March 1 are considered unlikely to generate much controversy. President Donald Trump's pick to head the SEC, attorney Jay Clayton, has still not been confirmed by the U.S. Senate, and Trump has not yet named the other two commissioners. One measure Piwowar said the SEC will consider next...

  • CHARLESTON, W.Va.— A federal appeals court has refused to rehear the case of former Massey Energy CEO Don Blankenship in the deadliest U.S. mine disaster in four decades. The 4th U.S. Circuit Court of Appeals handed down the order Friday. The 66- year-old Blankenship is scheduled for release May 10 from a California federal prison where he's serving a one-year...

  • *Drug found as effective as antibiotic linezolid. Feb 24- Cempra Inc said on Friday that its experimental oral drug to treat acute bacterial skin infections cleared a late-stage study, bringing the antibiotic developer one step closer to getting its first drug to market. The drug has been used in Europe for decades, and Cempra had recently indicated that a second...

  • NEW YORK— U.S. stocks are falling Friday morning as investors again look for safer places to put their money. Business technology company Hewlett Packard Enterprises is falling after it announced weak sales. The Standard& Poor's 500 index fell 6 points, or 0.2 percent, to 2,358. The Nasdaq composite sank 17 points, or 0.3 percent, to 5,818. The Russell 2000 index,...

  • NEW YORK, Feb 24- Criminal charges against top executives of Platinum Partners for running the $1.4 billion hedge fund firm like a Ponzi scheme have revived an old question for investors: Where was the board? Donald Seymour and David Bree of Cayman-based DMS Governance Ltd were directors for Platinums troubled Value Arbitrage Fund. Spokesmen for the SEC and...

  • BLACKSBURG, Va. _ National Bankshares Inc. on Thursday reported fourth-quarter earnings of $3.5 million. The holding company for the National Bank of Blacksburg posted revenue of $12.5 million in the period. National Bankshares shares have fallen 7 percent since the beginning of the year.

  • WASHINGTON— Americans bought more new homes in January after a steep fall-off the previous month, a sign the housing market is healthy despite higher mortgage rates. New home sales rose 3.7 percent to a seasonally-adjusted 555,000, the Commerce Department said Friday. Financial markets expect faster growth and higher inflation will flow from President...

  • NEW YORK, Feb 24- Next week's planned US $3.2 bn IPO of Snap Inc, maker of the popular Snapchat app, is oversubscribed, market sources told IFR on Friday. The much-awaited deal is scheduled to price on Wednesday, with the company set to begin trading on the New York Stock Exchange the following day. Potential buyers have been plentiful at lunches in New York and London...

  • Feb 24- U.S. stocks opened lower on Friday, dragged down by a drop in financial and energy stocks and as investors assessed if the "Trump rally" had gone too far too soon. But, with Trump giving scant detail on his plans including one on Thursday to bring millions of jobs back to the United States markets have traded in a tight range. "Investors have embraced this...