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Wires

  • EAU CLAIRE, Wis. _ National Presto Industries Inc. on Friday reported first-quarter profit of $18.2 million. On a per-share basis, the Eau Claire, Wisconsin- based company said it had net income of $2.60. Keywords: National Presto Industries, Earnings Report.

  • SAO PAULO/ BRASILIA, April 28- Brazilian unions on Friday led the nation's first general strike in over two decades to protest President Michel Temer's austerity measures, hitting public transport and closing schools, factories, banks and other businesses in every state. Even so, analysts and government officials said the strike would have little impact on...

  • *Russia confident of meeting end-April output cut target. NEW YORK, April 28- Oil prices edged up on Friday on optimism among investors that OPEC would agreed to extend production cuts aimed at ending a global glut into the second half of the year. U.S. light crude rose 18 cents to $49.15 a barrel at 4:03 p.m. EDT, off the day's high of $49.76.

  • The Food and Drug Administration on Friday approved the drug for adults with acute myeloid leukemia who have a genetic mutation called FLT3. The drug's maker, Novartis Pharmaceuticals Corp., said it is the first new medicine for the blood cancer in 25 years. Novartis said the list price will be $14,990 for four weeks of treatment.

  • SOUTH JORDAN, Utah _ Headwaters Inc. on Friday reported fiscal second-quarter earnings of $4.5 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. Four analysts surveyed by Zacks expected $249.9 million.

  • WASHINGTON, April 27- Lawmakers, lobbyists and interest groups are making a final push in their fight over regulations enacted during former President Barack Obama's last months in office, with the financial services industry working hard to kill a rule on retirement plans run by states. Currently, the resolutions only require simple majorities to pass both...

  • NEW YORK, April 28- Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash in recent gains. The Dow Jones Industrial Average fell 40.82 points, or 0.19 percent, to 20,940.51, the S&P 500 lost 4.58 points, or 0.19 percent, to 2,384.19 and the Nasdaq Composite...

  • TORONTO, April 28- Canada's main stock index ended higher on Friday, helped by gains among its heavyweight energy and materials sectors as commodity prices gained. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 79.66 points, or 0.51 percent, to 15,586.13. It slipped 0.2 percent on the week.

  • CARMICHAELS, Pa. _ CB Financial Services Inc. on Friday reported first-quarter net income of $1.7 million. CB Financial Services shares have climbed slightly more than 9 percent since the beginning of the year. Keywords: CB Financial Services, Earnings Report.

  • April 28- Apple Inc has asked the state of California to make changes in its proposed policies on self-driving cars, the latest sign the technology giant is pursuing driverless car technology. In a letter made public Friday, Apple made a series of suggested changes to the policy that is under development and said it looks forward to working with California and...

  • CLEVELAND _ TFS Financial Corp. on Friday reported fiscal second-quarter profit of $23.5 million. TFS Financial shares have dropped 13 percent since the beginning of the year. Keywords: TFS Financial, Earnings Report.

  • NASDAQ COMPOSITE RISES FOR SIXTH STRAIGHT MONTH, LONGEST STREAK IN NEARLY FOUR YEARS.

  • *U.S. 1st- quarter GDP comes in weaker than expected. NEW YORK, April 28- U.S. Expected month-end changes to portfolio benchmarks supported long-dated Treasuries, said Subadra Rajappa, head of U.S. rates strategy at Societe Generale in New York.

  • The House Transportation Committee has summoned United Chief Executive Oscar Munoz to testify at the hearing aimed at determining "what can be done to improve the flying experience." The Chicago- based carrier also said it aimed to reduce overbooking and decrease instances of involuntary denied boarding to "as close to zero as possible. David Dao, 69, who was...

  • LOS ANGELES— California is trying to get control of its unruly medical marijuana industry. Jerry Brown seeks to square the recreational pot law with the rules for medical marijuana. Hezekiah Allen, president of the California Growers Association, an industry group, called the draft rules "a major step toward a well-regulated cannabis industry."

  • NEW YORK, April 28- Health insurers seeking regulatory approval for 2018 individual insurance plans can file two sets of premium rates as a way to deal with market uncertainty created by Republicans' promise to repeal and replace Obamacare, a California state insurance regulator said on Friday. California Insurance Commissioner Dave Jones told insurers in a...

  • *More suits threatened to follow in the United States. April 28- ASML, the world's third largest semiconductor equipment maker, said on Friday it had counter-sued rival Nikon, after the Japanese company launched a wide-ranging patent battle against the Dutch company this week. They were brought in Japan by ASML on its own and jointly with its partner Carl Zeiss, a...

  • The president, for example, said that given the current $61 billion annual trade deficit with Mexico, the United States would be better off if the two countries did not trade at all, saying "You'll save yourself a hell of a lot of money." "It could happen," he said of a hypothetical severing of ties between the United States and Mexico, "but the things you would do to make it...

  • Some GOP moderates who may seal the legislation's fate are echoing those concerns. Patrick Meehan, R- Pa., said the rewritten bill "doesn't change the fundamental concerns I had at the outset... making sure people with serious medical conditions could get affordable and adequate coverage. "Count him among the GOP moderates who remain opposed.

  • HOUSTON, April 28- The U.S. Pipeline and Hazardous Materials Safety Administration on Friday said it increased the maximum civil penalties that may be imposed for violations of federal pipeline safety laws. The maximum penalty is now $209,002 per day the violation continues, and up to $2.09 million for a related series of violations. Pipeline safety became a...