Wires

  • 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. Trump's pick of Goldman President Gary Cohn, 56, to head the White House National Economic Council...

  • DETROIT— Ford Motor Co. is going ahead with plans to move small-car production from the U.S. to Mexico despite recent threats from President-elect Donald Trump. CEO Mark Fields tells The Associated Press that Ford's plan to move production of the Focus from Michigan to Mexico will proceed, in part because U.S. consumers demand low prices for small cars.

  • *OPEC to meet non- OPEC countries in Vienna in Saturday. OPEC will meet non- OPEC producing countries in Vienna on Saturday, hoping non- OPEC will commit to cutting 600,000 barrels per day after its own members agreed to cut 1.2 million bpd last week. OPEC sources said nine non- OPEC countries were set to join the meeting: Azerbaijan, Kazakhstan, Oman, Mexico, Russia, Sudan,...

  • NEW YORK, Dec 9- Arista Networks Inc used rival Cisco Systems' network device technology in its ethernet switches without permission, a U.S. trade judge ruled on Friday, handing Cisco yet another win in a sprawling legal battle over patents between the two companies. The judge, MaryJoan McNamara of the U.S. International Trade Commission in Washington, said that...

  • NEW YORK/ LONDON, Dec 9- Rupert Murdoch's Twenty-First Century Fox Inc has struck a preliminary deal to buy the 61 percent of British pay-TV firm Sky Plc it does not already own for around $14 billion, five years after a political scandal wrecked a previous bid. People familiar with the matter said Fox had pounced after Britain's vote to leave the European Union in...

  • CHICAGO, Dec 9- U.S. soybean and corn futures rose 1 percent on Friday, buoyed by technical buying and concerns over dry growing conditions in Argentina in the wake of U.S. Department of Agriculture crop data at midday that was deemed neutral, traders said. The gains came after USDA in a monthly report left U.S. soybean, corn and wheat stockpile estimates unchanged...

  • WASHINGTON— In the heat of the presidential campaign, Donald Trump accused primary rival Ted Cruz of being controlled by Goldman Sachs because his wife, Heidi, previously worked for the Wall Street giant. Wall Street executives have long wielded influence in Washington, filling top jobs in both Republican and Democratic administrations.

  • TRADE JUDGE RULES THAT ARISTA NETWORKS INFRINGED TWO CISCO SYSTEMS PATENTS.

  • ARISTA NETWORKS INC INFRINGED CISCO SYSTEMS INC'S PATENTED TECHNOLOGY- U.S.

  • 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 following limits OPEC announced last week to curb an oil glut. On Saturday, OPEC oil ministers will meet non- OPEC producers in Vienna to seek help in curbing a global glut. Russia plans to hold more talks on...

  • NEW YORK— After a month of steady increases, municipal bond yields finally reversed course this past week. "People think that munis had sold off a little too much, and now there are buyers coming back into the space," says Jon Mondillo, a municipal bond fund manager at Alpine Funds. The fall in yields propelled the iShares National Muni Bond ETF, the largest municipal...

  • *Canadian dollar ends at C $1.3180, or 75.87 U.S. cents. *Loonie touches its strongest since Oct. 20 at C $1.3153. "Oil and stops has CAD higher," said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets.

  • ACCRA, Dec 9- Opposition leader Nana Akufo-Addo won Ghana's national election, becoming president elect at the third attempt and cementing the country's reputation as a standard bearer of democracy in a region that has been blighted by civil wars and coups. Akufo-Addo defeated President John Mahama by 53.8 percent to 44.4 percent, electoral commissioner...

  • VIENNA, Dec 9- Saudi Arabia's energy minister Khalid al-Falih said on Friday he was "very optimistic" about a meeting between OPEC and non- OPEC producing countries in Vienna on Saturday.

  • Bad Things, Machine Gun Kelly& Camila Cabello. 4.24 K Magic, Bruno Mars. Perfectly Imperfect- EP, Grace VanderWaal.

  • TORONTO, Dec 9- Canada's main stock index barely extended a 19- month high on Friday, jumping 1.7 percent over the week, as heavyweight energy and bank stocks gained with rising oil prices and bond yields while mining losses eclipsed broad gains. Diversified miner Teck Resources Ltd fell 6.9 percent to C $29.37. "I think the materials have run way too far too fast and...

  • Amgen Inc., up $2.86 to $143.45. Restoration Hardware Inc., down $7.07 to $31.92. Coca-Cola Co., up $1.02 to $42.

  • CHICAGO/ NEW YORK, Dec 9- The financially struggling Chicago Board of Education next week will sell a new type of debt, armed with an investment grade rating from Fitch Ratings based on the bonds' ability to withstand a bankruptcy filing. The $500 million of capital improvement tax bonds slated to price through Barclays Capital are secured by a new property tax...

  • U.S. stocks rose for the sixth day in a row Friday as major indexes continued to set records. The S&P 500 added 67.58 points, or 3.1 percent. The S&P 500 is up 215.59 points, or 10.5 percent.

  • SAUDI ENERGY MINISTER SAYS EXPECTS 10 TO 11 NON-OPEC COUNTRIES TO CONTRIBUTE SPECIFIC NUMBERS DURING SUPPLY CUT MEETING ON SATURDAY.