Wires

  • NEW YORK, Jan 19- JPMorgan Chase& Co directors paid Chief Executive Jamie Dimon $28 million in total compensation for 2016, a 3.7 percent increase from the prior year, the company said on Thursday. His package includes a base salary of $1.5 million as well as cash and stock-related instruments that are tied to Dimon's performance, the filing with the U.S....

  • *Soybeans snap four-day rally on Argentina rain risks. Chicago Board of Trade March wheat futures settled down 7-1/ 2 cents at $4.23-1/ 2 per bushel. March soybeans ended down 4-3/ 4 cents at $10.70-1/ 4 a bushel while March corn rose 1-1/ 4 cents at $3.66-1/ 4 a bushel.

  • Jan 19- Viacom Inc's Paramount Pictures has reached a deal for a $1 billion cash investment from two Chinese film companies, Shanghai Film Group and Huahua Media, the companies said on Thursday. As part of the agreement, Shanghai Film Group and Huahua Media will finance a combined 25 percent of all Paramount's films for the next three years, with the option to...

  • NEW YORK, Jan 19- Investors pulled $3.1 billion from U.S.-based stock funds over the past week, following three straight weeks of pouring cash into those investments, Lipper data showed on Thursday.

  • NEW YORK, Jan 19- JPMorgan Chase& Co directors paid Chief Executive Jamie Dimon $28 million in total compensation for 2016, a 3.7 percent increase from the prior year, the company said on Thursday.

  • NORTH LITTLE ROCK, Ark.— Timex Group plans to close its North Little Rock distribution center by the end of the year, leaving a state where it's operated since 1945 and costing the center's 64 workers their jobs. The North Little Rock location handles the distribution, customer-call center and repair and service operations for the U.S. and Canada markets.

  • CHICAGO, Jan 19- Record-low responses from farmers to surveys threaten the U.S. Department of Agriculture's status as the gold standard in crop data collection and potentially open up trading advantages to big firms, the agency's chief economist said on Thursday. Encouraging more farmers to respond would ensure the USDA continued to provide objective...

  • BRYN MAWR, Pa. _ Bryn Mawr Bank Corp. on Thursday reported fourth-quarter net income of $9.4 million, after reporting a loss in the same period a year earlier. The Bryn Mawr, Pennsylvania-based bank said it had earnings of 55 cents per share. Bryn Mawr Bank shares have fallen 4.5 percent since the beginning of the year.

  • YORK, Pa. _ Codorus Valley Bancorp Inc. on Thursday reported fourth-quarter net income of $3.8 million. The bank, based in York, Pennsylvania, said it had earnings of 46 cents per share. For the year, the company reported profit of $13.1 million, or $1.55 per share.

  • TORONTO, Jan 19- The Canadian dollar weakened to a two-week low against its U.S. counterpart on Thursday, brushing off firm domestic data a day after the Bank of Canada left the door open to cutting interest rates. Analysts polled On Wednesday, the Bank of Canada left its policy rate on hold at 0.5 percent. "The underlying tone from the Bank of Canada was dovish, and...

  • MEXICO CITY, Jan 19- Mexico's peso could sink to a record low after Donald Trump assumes the U.S. presidency on Friday if he unveils any aggressive actions that could hammer the exports of Latin America's No. 2 economy, traders and analysts said. Trump threatened to rip up or renegotiate the NAFTA free trade deal with Mexico and Canada and impose tariffs on Mexican...

  • WASHINGTON, Jan 19- Western Union Co, the world's biggest money-transfer company, agreed to pay $586 million and admitted to turning a blind eye as criminals used its service for money laundering and fraud, U.S. authorities said on Thursday. Western Union, which has over half a million locations in more than 200 countries, admitted "to aiding and abetting wire fraud"...

  • Jan 19- The billionaire investor George Soros said on Thursday that global markets will falter given the uncertainty of incoming U.S. "Right now uncertainty is at the peak," Soros told Bloomberg News at his annual media dinner held at the World Economic Forum in Davos, Switzerland. Soros, who founded Soros Fund Management LLC and now is chairman of the New York- based...

  • LOS ANGELES _ Preferred Bank on Thursday reported fourth-quarter earnings of $9.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share. Preferred Bank shares have fallen almost 6 percent since the beginning of the year.

  • WASHINGTON, Jan 19- Ride-hailing company Uber Technologies Inc has agreed to pay $20 million to settle claims by the U.S. government that it exaggerated prospective earnings in seeking to recruit drivers, documents filed with a federal court on Thursday showed. The company had posted on its website that some Uber drivers made more than $90,000 in New York and...

  • FRANKLIN, N.C. _ Entegra Financial Corp. on Thursday reported fourth-quarter profit of $2.4 million. The bank, based in Franklin, North Carolina, said it had earnings of 36 cents per share. The holding company for Macon Bank posted revenue of $12.6 million in the period.

  • TORONTO, Jan 19- Canada's main stock index edged higher on Thursday, helped by a jump in Canadian Pacific Railway shares on prospects of consolidation in the railroad industry and a rebound of uranium producer Cameco Corp.. Canadian Pacific Railway rose nearly 4 percent to C $200.11 a day after saying its chief executive, Hunter Harrison, would leave five months...

  • CSX Corp., up $8.63 to $45.51. Netflix Inc., up $5.15 to $138.41. La Quinta Holdings Inc., up 21 cents to $14.66.

  • Jan 19- Wells Fargo& Co, the third-largest U.S. bank by assets, said on Thursday it would merge its international business with its wholesale banking unit. The bank also named Richard Yorke, who previously headed the international group, chief operating officer for the wholesale banking business. Shares of the bank were marginally down in extended trading.

  • NEW YORK, Jan 19- A month ago, the dollar and stock markets were riding high as investors bet that the Trump administration, together with the Republican-controlled Congress, would usher in an era of lower taxes, more government spending and looser regulations. In the weeks after the Nov. 8 election, Wall Street's major indexes were on a tear. BMO Private Bank's chief...