Wires

  • BERLIN— Lufthansa's budget unit Eurowings says it has come to an agreement with its cabin crew to settle a pay dispute. The airline said Friday it had agreed with the Ver.di union on a raise package over three years. Regular cabin crew will receive a 2.5 percent increase this year backdated to October 1, another 2.5 percent a year later, and 1.25 percent more on...

  • RIG-OL-USA- BHI> Since crude prices recovered from 13- year lows to around $50 a barrel in May, drillers have added a total of 161 oil rigs in 24 of the past 27 weeks, its biggest recovery since a global oil glut crushed the market over two years. The Baker Hughes oil rig count plunged from a record 1,609 in October 2014 to a six-year low of 316 in May as U.S. crude collapsed...

  • WASHINGTON, Dec 2- A drop in the U.S. unemployment rate last month to a 9- year low signals the risk of a collision between President-elect Donald Trump's plans to goose the economy and the Federal Reserve's efforts to tap the brakes with higher interest rates. Fresh economic projections, the first since the election, will also be issued and Fed Chair Janet Yellen...

  • BUENOS AIRES/ BRASILIA, Dec 2- An increasingly isolated Venezuela accused the Mercosur trade bloc of staging a "coup" on Friday after member nations suspended the socialist nation for failing to fulfill membership requirements. In an official letter addressed to Venezuela's Foreign Minister Delcy Rodriguez and seen by Reuters, Mercosur informed Venezuela...

  • NEW YORK— President-elect Donald Trump has formed an advisory group of more than a dozen CEOs and business leaders to offer input on how to create jobs and speed economic growth. The President's Strategic and Policy Forum will hold its first meeting at the White House in the first week of February. The president-elect says the group will be led by Stephen A....

  • WASHINGTON, Dec 2- U.S. banking regulators must defend tough rules governing Wall Street and resist efforts to dilute regulations that might prevent a future financial crisis, Federal Reserve Governor Daniel Tarullo said on Friday. "It is critical that we not forget our still quite recent history," Tarullo told a meeting of financial market researchers in...

  • WASHINGTON— Many black Americans and people with only a high school education found jobs in November, helping reduce their unemployment rates to levels seen before the Great Recession ravaged the U.S. job market. Their unemployment rate fell to 4.9 percent, the lowest since February 2008. The unemployment rate for veterans who have served in the U.S. armed...

  • Dec 2- The S&P 500 and the Nasdaq rose for the first time in three days, supported by gains in technology and health stocks, but Dow slipped after a rally in bank stocks paused. Major Wall Street indexes have hit a series of record highs over the past three weeks, sparked by Donald Trump's victory in the U.S. presidential election as investors bet that his policies...

  • LAS VEGAS— A little glitz and a sampling of a Las Vegas Strip dance and acrobatic performance are marking the arrival of the first direct commercial airline flight from mainland China to Las Vegas. Area elected and tourism officials, a Hainan Airlines executive, and Luo Linquan, the consul general of the People's Republic of China in San Francisco, are due for a...

  • PROVIDENCE, R.I.— There has been a hiccup at the nation's first offshore wind farm as it prepares to start delivering power. Deepwater Wind, which owns the five-turbine farm off Block Island, Rhode Island, says one turbine is not turning. Meaghan Wims says the testing phase is complete at the wind farm, so it can begin commercial operations soon.

  • *PM May wants Britain to meet European gold standard. LONDON, Dec 2- Britons desperate for faster broadband are unlikely to get it from a plan to separate the country's biggest network from BT unless the industry tackles how to pay up to 25 billion pounds to upgrade to fibre-optic cables. In a bid to boost Britain's economy through Brexit, Prime Minister Theresa...

  • WARSAW, Dec 2- Rating agency Standard& Poor's raised the outlook on Poland's sovereign rating to stable from negative on Friday citing reduced concerns over the central bank's independence from government. In January, S&P cut Poland's sovereign rating to BBB+ with a negative outlook, saying the conservative Law and Justice government was weakening key...

  • Dec 2- Starbucks Chief Executive Howard Schultz's decision to step down is unlikely to hamper growth at the world's biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said. The company's shares were down 2.5 percent at $57.02 on Friday as investors worried that the exit of one of Wall Street's most regarded CEOs would...

  • CHARLOTTE, N.C.— Internal emails show that city and state officials blame a North Carolina law limiting LGBT protections for a company's decision to pick another state for a new project that includes 700 jobs. The Charlotte Observer reports that emails obtained through public records requests show that the law known as HB2 was cited as a key factor in CoStar...

  • Dec 2- Aixtron SE's takeover by China's Fujian Grand Chip Investment Fund may soon be on the list of deals called off due to increased U.S. regulatory scrutiny. --China's Unisplendour Corp Ltd scrapped a $3.8 billion investment in Western Digital Corp after CFIUS said it would investigate the transaction. --China's Tsinghua Unigroup Ltd abandoned its offer to buy...

  • Argentina's foreign ministry said in a statement Friday that Venezuela had failed to meet a Dec. 1 deadline to adopt certain standards required for membership. The foreign ministers of the four founding members— Argentina, Brazil, Uruguay and Paraguay— notified Venezuela's government of the decision in a letter. But the socialist-run Venezuela has fallen...

  • WRAPUP 2-Canada adds jobs in November, but weakness persists.

  • OTTAWA, Dec 2- The Canadian economy added 10,700 jobs in November and the jobless rate fell to 6.8 percent, but the strength was undermined by signs of deterioration in job quality and in Canada's long-suffering resource sector. The rise in employment bucked analysts' forecasts for a loss of 20,000 jobs after two months of growth and reinforced expectations...

  • NEW YORK— U.S. regulators are calling out AT&T and Verizon for exempting their own video apps from data caps on customers' cellphones. The agency had warned AT&T in November and said in its Thursday letter that AT&T's response did not ease its concerns. The FCC still has to make a final finding on whether the zero-rating practices of AT&T and Verizon are a problem.

  • WASHINGTON, Dec 2- U.S. employers boosted hiring in November and the unemployment rate dropped to a more than nine-year low of 4.6 percent, making it almost certain that the Federal Reserve will raise interest rates later this month. Nonfarm payrolls increased by 178,000 jobs last month after increasing by 142,000 in October, the Labor Department said on Friday.