Wires

  • REFILE-UPDATE 3-Linde resumes merger talks with Praxair, CEO resigns.

  • NEW YORK, Dec 7- Investors put more money into U.S.-based stock mutual funds than they withdrew for the first time since March, Investment Company Institute data showed on Wednesday, signs of a thaw for the out-of-favor investments since the U.S. presidential election. The funds took in $32 million during the eight days through Nov. 30, according to the data, which...

  • *Paris pollution hits worst level in a decade. PARIS, Dec 7- The French capital Paris announced on Wednesday license-plate based driving restrictions for a third day in a row and plans bans on old cars as the City of Light experienced the worst air pollution in a decade. On Tuesday and Wednesday, Paris banned cars from circulation based on whether their license...

  • President-elect Donald Trump plans to appoint retired Marine Corps General John Kelly to lead the Department of Homeland Security, a source with knowledge of the matter said on Wednesday. Mattis is a retired Marine general known for his tough talk, distrust of Iran and battlefield experience in Iraq and Afghanistan. He assembled an investor group to buy a...

  • President-elect Donald Trump plans to appoint retired Marine Corps General John Kelly to lead the Department of Homeland Security, a source with knowledge of the matter said on Wednesday. Mattis is a retired Marine general known for his tough talk, distrust of Iran and battlefield experience in Iraq and Afghanistan. He assembled an investor group to buy a...

  • President-elect Donald Trump plans to appoint retired Marine Corps General John Kelly to lead the Department of Homeland Security, a source with knowledge of the matter said on Wednesday. Mattis is a retired Marine general known for his tough talk, distrust of Iran and battlefield experience in Iraq and Afghanistan. He assembled an investor group to buy a...

  • FRANKFURT, Dec 7- German industrial gases group Linde has invited U.S. rival Praxair to resume merger negotiations after Praxair offered concessions on the division of power in the combined entity, defusing a dispute which led to the collapse of talks two months ago. At the same time Linde's chief executive Wolfgang Buechele has stepped down with immediate...

  • NEW YORK, Dec 7- Optimism about President-elect Donald Trump's U.S. economic agenda has sent shares of construction and engineering companies soaring, but the stocks may be vulnerable if benefits from infrastructure spending or other policies fall short. Many of the companies also operate predominantly in the United States, so a stronger dollar would not...

  • BEIJING/ NEW YORK, Dec 7- President-elect Donald Trump will nominate Iowa Governor Terry Branstad as the next U.S. ambassador to China, choosing a longstanding friend of Beijing after rattling the world's second largest economy with tough talk on trade and a telephone call with the leader of Taiwan. It also suggests that Trump may be ready to take a less combative...

  • PARIS, Dec 7- Canada is set to select Airbus Group to provide search-and-rescue aircraft, a source familiar with the matter said on Wednesday, with Airbus beating Italy's Leonardo in winning the deal. Airbus Group SE's C-295 and Leonardo Aircraft's C-27J Spartan had emerged as the front-runners for the Canadian contract, estimated in media reports to be worth...

  • LONDON, Dec 7- The worst is over for the dry bulk shipping sector, after years when too many ships chased too little cargo, yet the extent of the lost business means a full recovery is still some way off, leading ship owners said on Wednesday. "Nobody is saying we are going to have a fantastic booming market, but we are past the worst and we are into a more fundamentally...

  • Why worry about buying health insurance when President-elect Donald Trump plans to dump the requirement that most Americans get coverage? "The real risk is something will happen to you, and you won't be able to get care or go broke trying to pay for it," said Karen Pollitz, a senior fellow at the nonprofit Kaiser Family Foundation. Shoppers have until Dec. 15 to buy...

  • NEW YORK, Dec 7- Interpublic Group of Cos, one of the world's biggest advertising companies, said on Wednesday that the U.S. Justice Department had asked one of its standalone domestic agencies for documents regarding video production practices. It disclosed the request a day after the Wall Street Journal reported that the Justice Department's Antitrust...

  • BASE PRICE: $29,950 for base model; $32,600 for Luxury FWD; $34,400 for Luxury AWD; $35,300 for Premium FWD; $37,700 for Premium AWD; $38,500 for Sport. TYPE: Front-engine, front-wheel drive, five-passenger, compact hatchback. OPTIONS: Sport leather package $1,500; Sport technology package $1,200; Sport LED package $1,000; illuminated kick plates $540.

  • Nissan's luxury brand Infiniti adds a third SUV this year with the compact QX30, which rides and looks more like a small hatchback. Built at a Nissan factory in England and, in a deal with German luxury carmaker Mercedes-Benz that helped reduce Infiniti's costs, the QX30 uses the underlying vehicle platform, turbocharged four-cylinder engine, transmission and...

  • NEW YORK, Dec 7- President-elect Donald Trump on Wednesday took aim at drugmakers, promising in a magazine interview that "I'm going to bring down drug prices," and shares of U.S. pharmaceutical and biotechnology companies fell. In a cover story for Time magazine, which named him its Person of the Year, Trump said that "I don't like what has happened with drug prices."

  • BRUSSELS, Dec 7- EU nations agreed on Wednesday to allow the European Commission to vet their oil and gas deals with third countries like Russia to guard against anti-competitive practices and supply disruptions. Concerns in Europe over the EU's reliance on Russia for over a third of its gas needs have grown since pricing spats between Moscow and Kiev...

  • BRATTLEBORO, Vt.— Brooke Shields' gift list is sweetening a Vermont family farm's sale of maple syrup. The 109- year-old Robb Family Farm in Brattleboro says it's seen a 60 percent jump in sales since the actress listed the syrup among her 12 best holiday gifts for women. Her list was published in People Magazine's holiday gift guide last month.

  • WASHINGTON— Wendy's shares are up almost 4 percent after Trian Fund Management increased its stake in the burger chain. The 3.7 million share purchase gives Trian, led by activist investor and board member Nelson Peltz, more than 23 percent of Wendy's outstanding stock. In June of last year, Wendy's bought back about $1.4 billion of its stock from board members...

  • FRANKFURT, Dec 7- German industrial gases group Linde on Wednesday invited U.S. rival Praxair to negotiate a merger of equals after Praxair defused some contentious issues that had led to the failure of an initial approach. Linde also said after a meeting of its supervisory board on Wednesday that its Chief Executive Wolfgang Buechele would step down sooner...