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Wires

  • *Libya supply cut by a third due to armed faction action. NEW YORK, March 28- Oil prices rose as much as 2 percent on Tuesday after a severe disruption to Libyan oil supplies and as officials suggested OPEC and other producing countries could extend an output cuts deal to the end of the year. Armed factions have blocked production at the western Libyan oilfields of...

  • CHICAGO— A private company hired to manage the Illinois lottery remains on the job more than two years after the state first moved to fire it for missing sales goals, and the firm is now able to collect more in fees than under its original contract. That's the finding of an Associated Press review of Northstar Lottery Group. A replacement firm for Illinois was...

  • Dec. 2014— Dallas- based Energy Transfer Partners applies to the federal government to build the 1,200- mile Dakota Access pipeline to carry North Dakota oil through the Dakotas and Iowa to an existing pipeline in Illinois. The proposed route skirts the Standing Rock Sioux tribe's reservation and crosses under Lake Oahe, a Missouri River reservoir in North...

  • MEXICO CITY, March 28- Mexican and U.S. trade representatives will resume talks in Washington aimed at resolving a sugar dispute between the two neighbors, Mexico's top trade official said on Tuesday. "We are exchanging information, the positions of those who launched the investigation in the United States, the positions of Mexican industry and we're making...

  • WASHINGTON, March 28- The U.S. Commerce Department will remove Chinese telecom equipment maker ZTE Corp from a trade blacklist after the company admitted to violating sanctions on Iran, the Commerce Department said in a notice made public on Tuesday,.

  • CANADIAN FOOD INSPECTION AGENCY SAYS SMUCKER FOODS OF CANADA CORP RECALLING ROBIN HOOD BRAND ALL PURPOSE FLOUR, ORIGINAL DUE TO POSSIBLE E. COLI O121 CONTAMINATION.

  • MONTREAL— The head of the International Air Transport Association says it's difficult to understand how banning electronic devices in carry-on baggage will improve flight security. The U.S. and Britain are citing concerns about terrorist attacks to prohibit passengers on some flights from mostly Middle Eastern and North African countries from bringing...

  • LAS VEGAS— The future of Hollywood movies is in the hands of young and diverse audiences. At CinemaCon Tuesday, studio executives and representatives from the National Association of Theater Owners touted the importance of both groups in growing the movie business. Walt Disney Studios distribution head Dave Hollis said higher ticket prices helped push the...

  • March 28- U.S. stocks posted sharp gains on Tuesday, with bank and energy stocks surging, as data showed U.S. consumer confidence soaring to a more than 16- year high. U.S. equities have surged to record highs in the wake of President Donald Trump's election in November, but the rally had stalled this month. The data "underscore what has been going on really in this whole...

  • NEW YORK, March 28- U.S. authorities have arrested an executive of a Turkish state-owned bank accused of conspiring with prominent Turkish gold trader Reza Zarrab and others to violate U.S. sanctions on Iran. Atilla's arrest was made public one day after it was revealed that Zarrab had added Rudolph Giuliani, the former New York City mayor and a confidante of U.S.

  • *Gold resistance around $1,260, near the 200- day moving average. NEW YORK/ LONDON, March 28- Gold prices turned lower on Tuesday, after nearing the prior session's one-month high, as the U.S. dollar, Treasury yields and stock markets extended gains. "We saw investors cycle out of gold but back into equity markets," said Phillip Streible, senior commodities broker for...

  • WASHINGTON, March 28- The White House said on Tuesday that the Trump administration strongly supports a bill to repeal regulations requiring internet service providers to do more to protect customers' privacy than websites like Alphabet Inc's Google or Facebook Inc.. The U.S. House is due to vote later on Tuesday to repeal rules approved by the Federal...

  • The top Republican in Congress stands by Devin Nunes, a Trump ally who heads the House of Representatives intelligence committee and is under fire for his handling of an investigation into possible Russian ties to the president's election campaign. Trump will attend a G20 summit in Hamburg, Germany, on July 7 and 8, the White House said after Trump spoke by phone...

  • SAN FRANCISCO, March 28- CarGurus, a popular website where consumers go to browse cars, has tapped investment banks for an initial public offering later this year, according to people familiar with the matter. The Cambridge, Massachusetts- based company is aiming to go public in the fourth quarter of the year at a valuation of more than $1 billion, the people said on...

  • WASHINGTON, March 28- A U.S. bank regulator has flunked Wells Fargo on a national scorecard for community lending, the bank said on Tuesday as it tries to repair its reputation after a phony-accounts scandal. Wells Fargo had previously boasted an "outstanding" score on CRA. Wells Fargo has a track record of serving needy communities on a day-to-day basis but the...

  • rejected a proposal by billionaire investor David Einhorn to split its common stock into two classes to help boost its share price, saying the plan creates unacceptable risk for the country's largest automaker. Einhorn, who runs hedge fund Greenlight Capital, wants management to split its common stock into two classes: one that would receive the current...

  • *Praet's ex-counselor replaced in Brussels top job. FRANKFURT, March 28- The European Central Bank has replaced the head of its Brussels office and annulled four more appointments after staff complaints about unlawful hirings and promotions, internal documents seen by Reuters show. Under the staff changes, Stephane Rottier, a former counselor to chief...

  • CAMBRIDGE, Mass.— Former Defense Secretary Ash Carter is returning to teach at Harvard after leaving the Pentagon. The Ivy League school said Tuesday that Carter is being hired as a professor of technology and global affairs and as director of Harvard's Belfer Center think tank. Harvard President Drew Faust says Carter's experience "will be of great benefit to...

  • BOSTON— Convenience store magnate Christy Mihos, who built and sold a chain of markets bearing his name, twice ran unsuccessfully for governor and endured a nasty divorce and bankruptcy, has died at age 67.. He died Saturday in hospice care in Stuart, Florida, after a battle with cancer, his sister, Marlene Bucuvalas, told the Cape Cod Times. His death was confirmed...

  • JOHANNESBURG/ PRETORIA, March 28- South African Finance Minister Pravin Gordhan abandoned an investor roadshow and flew home on Tuesday on the orders of President Jacob Zuma, triggering speculation about his future that weakened the country's currency and bonds. Zuma's sudden recall cut short Gordhan's roadshow in Britain and the United States, triggering...