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Wires

  • Southwest Airlines says it plans to stop overbooking flights— an industry practice implicated in an ugly incident on a United Airlines flight that has damaged United's reputation with the flying public. Last year Southwest bumped 15,000 passengers off flights, more than any other U.S. airline. Beth Harbin, a Southwest spokeswoman, said Thursday that with...

  • April 27- Alphabet Inc Chief Executive Larry Page said on Thursday that the holding corporate structure for search unit Google and a host of new businesses has succeeded in creating more transparency for investors. Page took Silicon Valley by surprise in August 2015 with the creation of a new company, Alphabet, to house Google and new ventures ranging from...

  • *Oil slumps as Libya restarts oilfields. NEW YORK, April 27- A gauge of world stock markets was little changed on Thursday as a three-day rally stalled in the wake of a largely expected U.S. tax cut plan, while the euro weakened after comments from European Central Bank President Mario Draghi. "The market is focused more on growth and earnings now than what is coming...

  • Long-term U.S. mortgage rates rose this week for the first time in five weeks.

  • Trump issued a Twitter blast aimed at efforts to help the island cover its Medicaid costs— an issue that's entangled in Puerto Rico's last-minute debt negotiations. Rossello repeated requests that Puerto Rico receive the same amount of Medicaid funding that U.S. states do. It currently receives lower Medicaid and Medicare reimbursements compared with U.S....

  • NEW YORK, April 27- MetLife Inc plans to invest $1 billion in an efficiency program through 2019 that will eventually reduce annual operating costs by around $800 million, the insurer said on Thursday. MetLife first unveiled its cost-cutting plan last summer, saying it would save a gross $1 billion a year, partly through job cuts. In Kandarian's letter and a...

  • April 27- Alphabet Inc Chief Executive Larry Page said on Thursday that the holding corporate structure for search unit Google and a host of new businesses has succeeded in creating more transparency for investors. Page took Silicon Valley by surprise in August 2015 with the creation of a new company, Alphabet, to house Google and new ventures ranging from...

  • Thomas Kennedy, Raytheon's chief executive officer, told Wall Street analysts during a conference call: "The tempo in Syria is pretty up right now." The U.S. Navy fired 59 Tomahawk missiles at a Syrian air base earlier this month, and the U.S. military caries out daily missile strikes against Islamic State militants in Syria and Iraq as the United States prefers not...

  • April 27- The U.S. Food and Drug Administration said on Thursday it has approved Bayer AG's drug Stivarga to treat liver cancer, the such approval in nearly a decade. About 40,710 people will be diagnosed with liver cancers in 2017 and about 28,920 will die of the diseases, according to the National Cancer Institute. Richard Pazdur, head of the FDA's cancer division,...

  • DETROIT— Toyota is recalling about 250,000 small pickup trucks mainly in North America because the rear wheels have the potential to lock up, causing drivers to lose control. The recall covers certain Tacoma trucks from the 2016 and 2017 model years. Toyota says oil can leak from the rear differential.

  • PARIS, April 27- China is set to overtake Britain and France to become the world's second-largest wine consumer by value behind the United States by 2020 as consumers turn to more middle-range wines, the International Wine& Spirit Research organisation said on Thursday. In a study for wine fair Vinexpo it forecast Chinese wine consumption by value would rise by...

  • NEW YORK, April 27- Strong growth from Bristol-Myers Squibb Co's Opdivo and Yervoy cancer immunotherapies drove the company's first-quarter results past analysts' expectations and relieved some anxiety about increasing competition for the drugs. "Sales for Opdivo were strong despite a more competitive landscape," Chief Executive Officer Giovanni...

  • April 27- The United States Food and Drug Administration said on Thursday it had approved Biomarin Pharmaceutical Inc's drug to treat a type of Batten disease, a rare disorder that mainly affects the nervous system and is ultimately fatal. The drug, Brineura, is an enzyme replacement therapy designed to slow loss of walking ability in patients, three years or...

  • HOUSTON, April 27- Shares of Anadarko Petroleum Corp plunged on Thursday after the oil and natural gas producer said it would temporarily close more than 3,000 wells in Colorado in the wake of an explosion that killed two. A recently built home in Firestone, roughly 30 miles north of Denver, exploded on April 17. "Colorado residents must feel safe in their own homes,...

  • CHICAGO, April 27- Chicago corn and soybean futures edged higher on Thursday on concerns about weather delays to spring planting and relief that the White House will not immediately withdraw the United States from North American Free Trade Agreement. But as long as the deferred forecast stays relatively dry, people aren't getting too nervous just yet, hence...

  • KARLSRUHE, Germany, April 27- Germany's Federal Supreme Court ruled on Thursday that price comparison websites must make it clear to users if they only list providers from which they get a commission. The ruling comes after the European Commission began looking last year into the transparency of search results on price comparison websites, in particular...

  • April 27- Alphabet Chief Executive Larry Page said on Thursday the holding company structure for search unit Google and a host of new businesses is working well. As the two-year anniversary of Alphabet's corporate restructuring approaches, Page said the new model has empowered entrepreneurs at the Mountain View-based tech company. "The new structure has...

  • April 27- Alphabet Chief Executive Larry Page said on Thursday the holding company structure for search unit Google and a host of new businesses is working well. As the two-year anniversary of Alphabet's corporate restructuring approaches, Page said the new model has empowered entrepreneurs at the Mountain View-based tech company. "The new structure has...

  • April 27- Alphabet Chief Executive Larry Page said on Thursday the holding company structure for search unit Google and a host of new businesses is working well. As the two-year anniversary of Alphabet's corporate restructuring approaches, Page said the new model has empowered entrepreneurs at the Mountain View-based tech company. "The new structure has...

  • April 27- Alphabet Chief Executive Larry Page said on Thursday the holding company structure for search unit Google and a host of new businesses is working well. As the two-year anniversary of Alphabet's corporate restructuring approaches, Page said the new model has empowered entrepreneurs at the Mountain View-based tech company. "The new structure has...