Wires

  • SENATORS WRITE TO TRUMP URGING TOUGH LINE ON RUSSIA OVER UKRAINE.

  • Pension Secretary Marcelo Caetano told foreign journalists at a briefing in Sao Paulo that the last-minute decision to remove those categories from the constitutional amendment before submitting the proposal to Congress this week was made by more senior officials.

  • Dec 8- Abdalla Salem El-Badri, who stepped aside as OPEC Secretary General in August, said Thursday at a conference a crude oil production cut of about 600,000 barrels per day from non- OPEC members is a "must". The Organization of the Petroleum Exporting Countries agreed last month to cut production by 1.2 million bpd, but has been working to convince non- OPEC...

  • *Italy's No.1 bank seen announcing 13 bln euro share sale. MILAN, Dec 8- Italy's largest lender, UniCredit, is set to announce next week the country's biggest bank share issue, worth up to 13 billion euros, in what would be a major test of confidence in Italy's wider banking system, sources said. Chief Executive Jean-Pierre Mustier, drafted in this year to boost capital...

  • Between September 2015 and this past October, municipal bond funds had 54 straight weeks of inflows, with investors pouring some $68 billion into them. In November alone, investors yanked over $10 billion from muni funds, according to the Investment Company Institute. Peter Hayes, co-manager of the $4.7 billion BlackRock Strategic Municipal Opportunities...

  • NEW YORK, Dec 8- Oil traders who bought U.S. crude call options before OPEC's agreement last week to cut output did not get the windfall they were expecting as the rally in those options fell short of crude's massive surge. Early last week ahead of the Organization of Petroleum Exporting Countries meeting, traders piled into inexpensive West Texas Intermediate...

  • MILAN, Dec 8 (Reuters)- European shares rose to their highest in eleven months on Thursday as the European Central Bank's unexpected decision to cut its monthly asset purchases helped banks extend their rally. "Banks typically outperform as yield curves steepen," said Barclays, adding that banks such as Societe Generale, ING and ABN Amro looked to be best placed to...

  • WASHINGTON, Dec 8- President-elect Donald Trump will name fast-food executive Andy Puzder to head the U.S. Department of Labor, according to a source familiar with the matter, in an appointment likely to antagonize organized labor. Fast-food workers, who are largely not unionized, are engaged in a multi-year campaign known as the "Fight for $15," which is supported...

  • PARIS, Dec 8- Altice NV, the fourth-biggest cable operator in the United States, said on Thursday it was considering an initial public offering of a minority interest in its U.S. subsidiary Altice USA.. Altice USA was formed from the cable operators Suddenlink Communications and Cablevision Systems Corporation, which Netherlands- based Altice bought in 2015...

  • ITHACA, N.Y.— The Latest on the fatal shooting of a UPS driver outside a Wal-Mart store in upstate New York:. UPS says a company truck driver who was shot and killed outside a Wal-Mart store in upstate New York was a seasonal employee who had stopped to get something to eat. Susan Rosenberg, a spokeswoman for Atlanta- based package delivery company, says the driver was...

  • The bank, Italy's biggest retail lender, has deep ties in Russia and advised state-owned Rosneft on the sale of the 19.5 percent stake. Wednesday's announcement showed the Kremlin can lure big foreign investors to its oil sector despite political risks associated with Russia, which is locked in a stand-off with the West over conflicts in Ukraine and Syria.

  • *If so, might have to compete with Russia's Summa group. MOSCOW, Dec 8- Russian billionaire Vladimir Lisin is selling a stake of around 1.5 percent in the country's largest steelmaker NLMK, which he controls, the bookrunner for the deal said on Thursday. Forbes magazine ranks Lisin as Russia's eighth richest businessman with a worth of about $9.3 billion.

  • Dec 8- A month-long rally on Wall Street, sparked by Donald Trump's election as U.S. president, extended on Thursday, driving major Wall Street indexes to record highs. The small cap Russell 2000 and the Dow Transport indexes also hit record highs. "The market is projecting a lot more confidence in future growth, and I don't expect any big pullback to derail the rally...

  • GABONESE' FIXER' SAMUEL MEBIAME SCHEDULED TO PLEAD GUILTY ON FRIDAY IN FEDERAL COURT IN BROOKLYN.

  • DOVER, Del.— British-based pharmaceutical company AstraZeneca says it is eliminating about 700 jobs in its U.S. commercial business, including about 120 at its North American headquarters in Wilmington. AstraZeneca, which once employed close to 5,000 workers in Delaware, announced in 2013 that it was cutting 1,200 jobs at its Wilmington headquarters.

  • WASHINGTON— President-elect Donald Trump is expected to add another wealthy business person and elite donor to his Cabinet, with fast-food executive Andrew Puzder as Labor secretary. Together with his wife, Puzder contributed $150,000 in late May to Trump's campaign and Republican Party partners, fundraising records show. "We've reached the point where...

  • WASHINGTON, Dec 8- Drugmaker Bristol-Myers Squibb Co will pay $19.5 million to resolve multi-state allegations that it improperly promoted a schizophrenia treatment for uses not approved by the U.S. government, New York Attorney General Eric Schneiderman said on Thursday. The company's agreement with 42 other states and the District of Columbia centers on...

  • PALO ALTO, Calif.— Pioneering smartwatch maker Pebble is no longer manufacturing or selling any of its devices after the bulk of the company was bought by Fitbit. San Francisco- based Fitbit announced the deal to acquire Pebble on Wednesday. He says many Pebble employees will be joining Fitbit.

  • SAO PAULO, Dec 8- Brazilian engineering conglomerate Camargo Correa SA is in talks to sell a minority stake in Loma Negra Cia Industrial SA, Argentina's No. 1 cement producer, a person familiar with the matter said on Thursday. Local financial blog Brazil Journal reported on Thursday that the Loma Negra deal would involve the sale of a 40- percent stake.