Wires

  • *National Bank of Kuwait climbs as it reports strong Q4. *Egypt's index rebounds after slide on tax fears. DUBAI, Jan 23- Saudi Arabia outperformed other Gulf stock markets on Monday as several major stocks bounced after poor earnings earlier this week, while a bull run in Kuwait slowed and Egypt rebounded sharply from a slide triggered by tax fears.

  • *Many in Cairo decry rising prices. But on the streets of Cairo it is hard to find people who agree. But while Egypt has floated its currency with the aim of easing a shortage of the dollars it needs to import goods, taxes have gone up, subsidies have been removed and inflation at around 20 percent is eating away at living standards, hitting the poor hardest.

  • NEW YORK— Sprint is buying a 33 percent stake of the Tidal, the music streaming service owned by artists like Jay-Z, Madonna and Kanye West. Financial terms were not disclosed. Sprint CEO Marcelo Claure will join Tidal's board.

  • CRUDE FUTURES EXTEND LOSSES, DOWN BY $1 AT SESSION LOW OF $52.21 A BARREL.

  • CALGARY, Alberta, Jan 23- A top adviser to U.S. President Donald Trump plans to hold talks in Canada on Tuesday with members of Prime Minister Justin Trudeau's team, a source familiar with the matter said on Monday. Jared Kushner, Trump's son-in-law, will travel to Calgary, Alberta, where Trudeau and his cabinet are holding a two-day retreat focused largely on the new...

  • FRANKFURT, Jan 23- A little-known Austrian software company is looking to snatch business from established players HP Enterprise and IBM in the market for software testing tools, after raising $165 million from a U.S. private equity firm. On Monday, the company said it will receive $165 million in financing from Insight Venture Partners, a software-focused...

  • NEW YORK— A legal watchdog group will file a lawsuit Monday alleging that President Donald Trump is violating the Constitution by allowing his businesses to accept payments from foreign governments. White House Director of Strategic Communications Hope Hicks says that "the president has no conflicts," and referred to arguments made by Trump lawyer Sheri...

  • The White House, which announced the meetings in a schedule released late on Sunday, did not name company executives or union leaders who would take part. White House officials did not immediately respond to a request for more details. The morning gathering will include Dow Chemical Co Chief Executive Officer Andrew Liveris, according to a person briefed on the...

  • Treasuries in response to the protectionist sentiments expressed by President Donald Trump in his inauguration speech. Wall Street hit a series of record highs after Trump's election in November as investors expected the economy to get a boost from his proposals for tax and regulatory reforms and higher infrastructure spending. "From the standpoint of...

  • Jan 23- President Donald Trump addresses business and trade issues on Monday. TRADE Trump is expected to sign an executive order saying he intended to renegotiate the NAFTA free-trade pact between the United States, Canada and Mexico as early as Monday, NBC News reports. Canada's ambassador to the United States says the Trump administration's trade concerns...

  • Apple Inc was in talks to buy Tidal to boost its Apple Music service, according to a Wall Street Journal report in June. Sprint Chief Executive Marcelo Claure will join Tidal's board. Tidal calls itself an "artist-owned" service backed by Kanye West, Jay Z's wife Beyoncé and Madonna among others, and is available in more than 52 countries.

  • *Spot gold touches highest since Nov. 22. LONDON, Jan 23- Gold rose on Monday, touching its highest in two months as unease over the economic policies of U.S. Trump at his inauguration promised to put "America first," while his administration said it would withdraw from or renegotiate important trade agreements, raising fears that a protectionist White House could...

  • DUBAI, United Arab Emirates— The Middle East's biggest airline is launching a new daily service between Dubai and Newark that will stop in the Greek capital, Athens. Emirates' new route announced Monday is its second to include a stopover in Europe, a move that could reinvigorate opposition to the Dubai government-backed carrier's growing operations in the U.S.

  • Sales at established McDonald's restaurants in the United States declined 1.3 percent in the three months ended Dec. 31, hurt in part by the high bar set by the debut of the all-day breakfast in October 2015. McDonald's comparable international restaurant sales beat expectations due to a strong performance in the UK, China, Japan and certain markets in Latin...

  • Jan 23- Consumer goods packaging company Silgan Holdings Inc said it would buy WestRock Co's business that makes soap dispensers and perfume sprayers for about $1 billion. The unit, which has 13 plants in North America, Europe, South America and Asia, generated $566 million in revenue in the year ended Sept. 30. Norcross, Georgia- based WestRock said the sale would...

  • Gulf carriers who spent years rapidly expanding into markets from South America to Africa are under pressure to adapt to weaker markets, overcapacity and a stronger dollar. The restructuring at Dubai- based Emirates involves moving employees into new positions that has seen staff both promoted and demoted, a spokeswoman said, adding that a "very small number"...

  • The world's No. 1 retailer Wal-Mart Stores Inc said last week it would create about 10,000 jobs in the United States this year, as President Donald Trump puts pressure on companies to hire more U.S. workers. Companies such as General Motors Co and Amazon.com Inc have also announced plans to add jobs in the United States. German drug and chemical maker Bayer AG, which...

  • PORTERVILLE, Calif. _ Sierra Bancorp on Monday reported fourth-quarter earnings of $5.5 million. The parent company of Bank of the Sierra posted revenue of $24.1 million in the period. Sierra Bancorp shares have risen nearly 2 percent since the beginning of the year.

  • President Donald Trump could sign an executive order as early as Monday intended to renegotiate the free trade agreement between the United States, Canada and Mexico, NBC News reported, citing an unidentified White House official. Trump, who was sworn in as the 45th U.S. president on Friday, targeted both trade pacts during his White House campaign.

  • NOVATO, Calif. _ Bank of Marin Bancorp on Monday reported fourth-quarter earnings of $5.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share. Three analysts surveyed by Zacks expected $20.1 million.