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Wires

  • BRASILIA, April 24- The governments of Spain and Brazil on Monday reinforced their commitment to completing a trade pact between the European Union and South American trade bloc Mercosur despite protectionist sentiments. On a two-day visit to Brazil, Spanish Prime Minister Mariano Rajoy said he agreed with Brazilian President Michel Temer about the need to...

  • *Macron and Le Pen top first round of French vote. LONDON, April 24- Copper rose on Monday as centrist candidate Emmanuel Macron's strong performance in the first round of the French presidential election boosted appetite for cyclical assets, sending stock markets sharply higher. Sunday's vote, which could pave the way for pro-EU Macron to beat far-right rival...

  • MILAN/ LONDON, April 24- European shares rallied, banks soared, and French blue-chips briefly hit a nine-year high on Monday after France's presidential election sparked a rush to risky assets. The outcome lessens the risk of an anti-establishment shock on the scale of Britain's vote to quit the European Union and bolsters the case for closer ties between...

  • BOGOTA, April 24- Colombia's government will seek congressional approval to harmonize national and local mining laws, the mines and energy minister said on Monday, as legal wrangling over environmental regulations and community opposition threaten investment. The move caused uncertainty among investors in Colombia, the world's fifth-largest producer...

  • *Russia indicates it can lift oil output if OPEC curbs lapse. NEW YORK, April 24- Oil prices slipped about 1 percent on Monday, extending last week's decline, on lack of confirmation that OPEC will extend output cuts till the end of 2017 and as Russia indicated it can lift output if the deal on curbs lapses. Russian oil output could climb to its highest rate in 30 years if...

  • Thomas Donohue, president and chief executive of the U.S. Chamber of Commerce, said his organization has been urging the Trump administration to amend but not end the North American Free Trade Agreement, and would not stop until the deal with Canada and Mexico was strengthened. "I want to assure you that despite what you may see in the news, or hear in the news, there is...

  • SANTIAGO, April 24- The economies of the Latin America and the Caribbean will grow an overall 1.1 percent in 2017, the United Nations' regional arm said on Monday, a slight downward revision from its previous estimate. In its forecast in December, the Santiago- based Economic Commission for Latin America and the Caribbean had predicted growth of 1.3 percent in the...

  • April 24- France's Sanofi SA on Monday sued Mylan NV, accusing the pharmaceutical company of engaging in illegal conduct to squelch competition to its EpiPen allergy treatment, which has been at the center of a public debate over drug prices. In particular, Sanofi said Mylan offered rebates to insurers, pharmaceutical benefit managers and state Medicaid...

  • LONDON, April 24- The launch of the London Metal Exchange's new precious metals contracts will be delayed until July 10, more than a month later than previously announced, it said on Monday. The LME is partnering in the venture with five banks-- ICBC Standard Bank, Morgan Stanley, Natixis, Goldman Sachs and Societe Generale-- plus the World Gold Council and proprietary...

  • LONDON, April 24- Centrist Emmanuel Macron's first-round election victory buoyed French government bonds on Monday but German debt, Europe's benchmark, suffered as investors' focus shifted to the prospect of monetary policy tightening in the euro zone. French yields fell to multi-month lows after Sunday's presidential vote put Macron into the May 7 run-off,...

  • Shares of Indianapolis- based Lilly, which is scheduled to report its first-quarter results on Tuesday, were up 1.3 percent at $82.95 on Monday. Lilly's drug, abemaciclib, is likely to compete with market leader Pfizer Inc's Ibrance, which brought in $2.1 billion in 2016 sales, and Novartis AG's newly approved Kisqali. "This is an unexpected win for Lilly," Leerink...

  • A lawyer for the Kentucky doctor who was dragged from a United Express flight says he is also representing a woman who got into a verbal confrontation with a flight attendant on American Airlines. Attorney Thomas Demetrio said during an appearance on NBC's "Today" show that the attendant took away the woman's stroller, nearly hitting her child in the process.

  • *Hollande says Le Pen's place in runoff is risk for France. PARIS, April 24- France's outgoing president, Francois Hollande, on Monday urged people to back centrist Emmanuel Macron in a vote to choose his successor next month and reject far-right leader Marine Le Pen, whose place in the runoff represented a "risk" for France. Macron and Le Pen, leader of the National...

  • WASHINGTON, April 24- Former Fox News anchor and correspondent Heather Nauert will be the new U.S. State Department spokeswoman, the State Department said in a statement on Monday. Nauert was most recently an anchor for Fox News' morning news show "Fox and Friends," and previously was a correspondent at ABC News. "Heather's media experience and long interest in...

  • April 24- Canada's Home Capital Group Inc said founder and former CEO Gerald Soloway will step down from the board once a replacement is found, days after regulators accused the company of making "materially misleading statements" to investors. Shares of Canada's biggest non-bank mortgage lender fell as much as 5.7 percent to C $18.15 in morning trading.

  • NEW YORK, April 24- GE Power, a division of General Electric Co, has signed a services deal with Algerian utility Sonelgaz SPE valued at more than $3 billion, the largest services agreement ever for GE Power and one that creates hundreds of jobs in Algeria, GE said on Monday. Under the 20- year contract with the subsidiary of Sonelgaz SPE, GE will train more than 1,000...

  • *Macron, Le Pen to face off on May 7 in final vote. Polls showed pro-EU Macron is expected to beat right-wing rival Marine Le Pen in a deciding vote on May 7, quelling some fears of a breakup of the Eurozone after Britain's shock exit vote last year. "Having seen the results of the French election over the weekend, investors are now taking a disaster-avoided view of...

  • NEW YORK— Dish, a company known largely for its old-school satellite TV, is now trying to make it easier for people to stream quality video live over YouTube and Facebook. It's still cheaper than professional equipment, the main device costs $999. "At $999, it's not a mass market," acknowledges Vivek Khemka, Dish's chief technology officer.

  • PITTSBURGH— A Maryland firm has been hired to remove dozens of Civil War-era cannonballs unearthed at a Pittsburgh construction site. The Pittsburgh Post-Gazette reports Ordnance Holdings Inc., of Reisterstown, has been hired to remove the cannonballs found near the former site of the Allegheny Arsenal. Franjo Constructions, of Homestead, a Pittsburgh...

  • *Q1 adj profit $0.43/ shr vs est $0.38/ shr. *Shares jump as much as 8.5 pct to $104.14 in morning trading. The company's shares rose as much as 8.5 percent to $104.14.