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Wires

  • TORONTO, April 26- Hackers are demanding increasingly hefty ransoms to free computers paralyzed with viruses, as cyber criminals seek to maximize profits from large numbers of victims willing to pay up, according to cyber security firm Symantec Corp.. The average demand embedded in such malicious software, which is known as ransomware, more than tripled last...

  • MEXICO CITY, April 26- Mexican retail sales rose month, official data showed on Wednesday. Consumer confidence in Latin America's No. 2 economy sank to a record low in January after a big gasoline price hike and a slump in the peso to a record low on fears U.S. Retail sales Feb 2017 Jan 2016 Feb 2016.

  • April 26- Shares of Twitter Inc soared in premarket trade on Wednesday after the microblogging service reported better-than-expected user growth. Twitter shares were up 11 percent at $16.25 in premarket trade on Tuesday. And there is a global thirst for news and information that they are benefiting from, "said BTIG analyst Richard Greenfield.

  • CONCORD, N.C. _ Speedway Motorsports Inc. on Wednesday reported a first-quarter loss of $1.9 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Concord, North Carolina- based company said it had a loss of 5 cents. Keywords: Speedway Motorsports, Earnings Report.

  • DUBAI, April 26- Two Saudi banks soared on Wednesday after saying they were in initial stages of a merger, helping lift the mood in other lenders while first quarter financial results buoyed the shares of two blue chips in other Gulf countries. On Wednesday Saudi's Alawwal Bank agreed to start talks with Saudi British Bank about a tie-up that could create the...

  • April 26- General Dynamics Corp, maker of Gulfstream jets, tanks and U.S. Navy ships, reported a higher-than-expected quarterly profit on Wednesday, helped by increased aircraft deliveries. Demand has been soft from General Dynamics' largest defense customer, the U.S. government, "due to the usual start of the year seasonality" Robert Stallard analyst at Vertical...

  • SAN ANTONIO _ Cullen/Frost Bankers Inc. on Wednesday reported first-quarter net income of $84.9 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • LONDON, April 26- Prime Minister Theresa May said on Wednesday her government was talking to Nestle after the Swiss-based company announced plans to cut almost 300 jobs in Britain, a move she said was not connected to Brexit. Nestle said on Tuesday that the 298 proposed cuts were being made at four sites in northern England and Scotland, where it wants to...

  • As part of a cost-cutting plan announced last year, the company decided to shut some plants in North America and China. Hershey's North America sales, which account for about 85 percent of total sales, rose 2.7 percent to $1.68 billion in the first quarter ended April 2. Net income fell to $125 million, or 58 cents per share, in the quarter, from $229.8 million, or $1.06...

  • Treasury Secretary Steve Mnuchin said the plan for "the biggest tax cut" in U.S. history due to be released later on Wednesday by the White House would cut the business tax rate to 15 percent, including for small businesses. He said there was fundamental agreement between President Donald Trump's administration and the Congress on the goals of the tax reform, and...

  • Japan, the world's third-largest economy, is the EU's sixth-biggest export market. For Japan, it would show it can still do deals despite the demise of the Trans-Pacific Partnership, once a pillar of Washington's Asia policy. The EU has estimated an ambitious deal could give an economic boost of up to 300 billion euros, with exports to Japan rising by a third.

  • April 26- Shares of Twitter Inc soared in premarket trade on Wednesday after the microblogging service reported better-than-expected user growth. Twitter shares were up 11 percent at $16.25 in premarket trade on Tuesday. And there is a global thirst for news and information that they are benefiting from, "said BTIG analyst Richard Greenfield.

  • WASHINGTON— The Latest on President Donald Trump's tax overhaul:. Treasury Secretary Steve Mnuchin says President Donald Trump's tax plan will amount to— in Mnuchin's words— "the biggest tax cut" and the "largest tax reform" in U.S. history. The White House is set to release the broad outlines of Trump's proposed overhaul later in the day.

  • JOHANNESBURG, April 26- South Africa's Competition Tribunal on Wednesday confirmed a 69.5 million rand settlement with Citibank for its role in rigging rand currency trading, making the U.S. bank the first among more than dozen banks named in a probe. The fine is less than 10 percent of Citibank's annual revenue in South Africa- the potential size of the penalty-...

  • *Japan, Mexico, Mercosur are priority partners. *Strives for end 2017 deals with Japan, Mexico. For the past three years, the EU's trade agenda has been dominated by Transatlantic Trade and Investment Partnership talks with the United States.

  • NEW YORK, April 26- Anthem Inc Chief Executive Officer Joseph Swedish said on Wednesday that the company would base its 2018 individual health insurance plans on the U.S. government continuing to pay subsidies that help reduce patient costs but added that those plans would change if those payments are not extended. Swedish said Anthem would adjust rates and...

  • FRANKFURT, April 26- Deutsche Bank is considering whether it needs to move thousands of staff from London to Frankfurt following Britain's decision to leave the European Union, one of its top executives said. After Britain triggered Article 50 last month and has begun divorce talks with the EU, financial firms have stepped up planning on how to deal with any...

  • JOHNSTOWN, Pa.— Convergys Corp. is opening a technical center for mobile phone services that will employ 250 people in western Pennsylvania. Tom Wolf's office announced the Cincinnati- based company will open the center in Lower Yoder Township, near Johnstown. The company is investing $2.7 million to open the center in a 27,000- square-foot building.

  • Trump is proposing to slash the corporate tax rate to 15 percent and offer multinational businesses a steep tax break on overseas profits brought into the United States, officials said late on Tuesday. Treasury Secretary Steven Mnuchin told CNBC that there was fundamental agreement with Congress on the goals of tax reforms and that the administration would...

  • WARSAW/ LONDON, April 26- U.S. bank JPMorgan Chase is zooming in on Warsaw as a destination for its new back office operations centre which could eventually employ several thousand people supporting the bank's European and Asian business, sources said. As Britain prepares to leave the European Union, and banks and other financial firms look to shift jobs from...