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Wires

  • NEW YORK, May 25- U.S. Treasury yields fell on Thursday ahead of a $28 billion sale of seven-year notes, the final part of $88 billion worth of coupon-bearing government supply this week. "We are not going to break out this range unless there is a change on the outlook of the economy or the Fed is going to change its policy tune," said Brian Rehling, co-head of global fixed...

  • ATLANTIC CITY, N.J.— The owner of a New Jersey racetrack who wants to build a casino there says the proposal can wait for six years. Meadowlands operator Jeff Gural says a proposal to have Hard Rock International build a casino at the track in East Rutherford, near New York City, can wait until New York state opens three more casinos. At a major gambling conference...

  • Blue Cross and Blue Shield of North Carolina is asking regulators for a 23 percent price hike next year because it doesn't expect crucial payments from the federal government to continue. That announcement comes a day after Blue Cross and Blue Shield of Kansas City said it will leave the individual market next year, a decision that affects about 67,000 people...

  • May 25- Shares of WideOpenWest Inc fell about 6 percent in their New York debut on Thursday, a day after the sponsor-backed cable company's offering was priced below expectations. The Englewood, Colorado- based company raised about $310 million in its initial public offering after 18.24 million shares were priced at $17 each. WideOpenWest had earlier expected...

  • "We are investigating Bosch employees for suspected aiding and abetting in connection with the Daimler case," the paper quoted a spokesman for the Stuttgart prosecutor's office as saying. Authorities searched Daimler's offices and other premises on Tuesday as part of an investigation of Daimler employees who the Stuttgart prosecutor's office said were...

  • TORONTO, May 25- Canada's main stock index rose in early trading on Thursday, boosted by sharp gains for shares of major banks whose quarterly earnings impressed investors. Canada's second-largest lender, Toronto-Dominion Bank, was up 2.2 percent at C $64.45. At 10:12 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 64.37 points, or 0.42...

  • BENGALURU/ DETROIT, May 25- Ford Motor Co on Thursday outlined a broad reshuffling of senior management under its new chief executive officer, including a new vice president for autonomous and electric vehicles hired away from ride services power Uber. The new vice president for Ford's autonomous vehicles and electrification, Sherif Marakby, was hired away...

  • CHICAGO, May 25- Best Buy Co Inc reported an unexpected rise in first-quarter comparable sales and the No. 1 U.S. electronics retailer said it planned to save $600 million in costs by the end of fiscal 2021, sending shares to an all-time high on Thursday. Chief Executive Hubert Joly, speaking on a conference call, said Best Buy was "very mobilized" to maximize its gains...

  • Long-term U.S. mortgage rates fell this week to their lowest levels of the year. The benchmark 30- year rate dipped below the key 4 percent mark. Mortgage buyer Freddie Mac says the average rate on 30- year fixed-rate home loans tumbled to 3.95 percent from 4.02 percent last week.

  • The Associated Press sent two journalists on a two-day visit to Orlando, Florida— one with perks, and one without. Scott Mayerowitz, who until recently covered the airline industry, has elite status with airlines, hotels and car rental agencies. Candice Choi, who covers the food industry, has no such perks.

  • CHICAGO— Grain futures were mixed Thursday in early trading on the Chicago Board of Trade. Wheat for July delivery was 1.20 cents higher at $4.3360 a bushel; July corn was down. 40 cent at $3.7060 a bushel; July oats was up. 60 cent at $2.3920 a bushel while July soybeans lost 2.40 cents to $9.48 a bushel. June live cattle was. 43 cent lower at $1.2255 a pound; May feeder...

  • May 25- Manulife Financial Corp, Canada's biggest life insurer, said Roy Gori, head of its Asia division, would succeed company veteran Donald Guloien as its chief executive officer. Gori's appointment comes at a time when the company is expanding in Asia as the region's burgeoning middle class looks to save and invest. The company's shares were up 1.2 percent at C...

  • The Russell 2000 index of small-company stocks gained 7 points, or 0.5 percent, to 1,389.. Its stock gained $7.19, or 14.3 percent, to $57.61. PVH, the owner of brands including Calvin Klein and Tommy Hilfiger, climbed $4.75, or 4.7 percent, to $106.79 after it raised its annual forecasts in the wake of its own strong report.

  • MUMBAI, May 25- India's plan to bring in a law to ensure doctors prescribe medicines only by their generic names risks proliferating the sale of substandard drugs in a country where regulation is already lax, doctors and pharmaceutical executives say. Prime Minister Narendra Modi said last month that the government was looking at such a law to improve...

  • RIYADH, May 25- Saudi Telecom Co's new $500 million venture capital fund expects to complete its first transaction by the fourth quarter of this year, the fund's chief executive said on Thursday at its launch in Riyadh. It would aim to spend its $500 million over the next four to five years in $100 million tranches. Biyari said the $100 million Careem stake would be...

  • *OPEC agrees to extend output cuts for nine more months. *Saudi, Iran say deeper OPEC, non- OPEC cuts not needed. LONDON, May 25- Oil prices fell on Thursday as OPEC prepared to extend limits to production by nine months to March 2018 in an attempt to drain a glut that has depressed markets for almost three years.

  • CHICAGO, May 25- Best Buy Co Inc reported an unexpected rise in first-quarter comparable sales and the No. 1 U.S. electronics retailer said it planned to save $600 million in costs by the end of fiscal 2021, sending shares to an 11- year high on Thursday. The Richfield, Minnesota- based Best Buy, like home-improvement chain Home Depot Inc, has benefited as an improving...

  • DUBAI, May 25- Shares of Qatar's largest property developer plunged 10 percent on Thursday after its shareholders gave preliminary approval to take the company private, while a dip in crude oil took the Saudi equity index lower in its final hour of trade. Ezdan Holding Group, with majority ownership by the ruling al Thani family, said shareholders who are against...

  • *Q1 rev $661.1 mln vs est $651.3 mln. *Q1 adj. loss 71 cents/ shr vs est 70 cents/ shr. Shares of the teen apparel retailer, for which rival American Eagle Outfitters Inc and private equity firm Cerberus Capital Management are reportedly planning to bid, rose 10 percent to $14.18 on Thursday.

  • *Warsaw leads stock gains, JSW and PGNiG Q1 results help. *Hungarian bond sale draws strong demand on IRS announcement. BUDAPEST, May 25- Warsaw led Central European equities higher on Thursday as emerging market stocks firmed after the U.S.