Wires

  • TORONTO, Sept 28- Canada's main stock index rose on Wednesday, led by the country's heavyweight bank shares, while BlackBerry Ltd rallied after announcing a strategic shift away from hardware. Some of the most influential movers on the index were the country's bank stocks, including Royal Bank of Canada, which rose 0.7 percent to C $81.34, and Toronto-Dominion...

  • WASHINGTON— A global airline trade group says the number of incidents of unruly passengers on planes is increasing, and it's calling for more effective deterrents. The International Air Transport Association said Wednesday it received reports of 10,854 air rage incidents from airlines worldwide last year, up from 9,316 incidents in 2014..

  • CAPE TOWN, Sept 28- It would be a "natural development" for international retail group Steinhoff to take over Shoprite, Africa's biggest supermarket chain, South African tycoon Christo Wiese told Reuters, sending shares in the grocery group surging 4 percent. "People will speculate about that," he said in a rare interview on Tuesday at his modest offices...

  • WASHINGTON, Sept 28- The U.S. coordinator for U.S. sanctions policy indicated on Wednesday that more Chinese firms were under U.S. investigation for suspected breaches of sanctions on North Korea and Chinese banks and firms should understand that dealing with North Korea was "risky."

  • Wilbert Paulissen, head of the Central Crime Investigation department of the Dutch National Police, said Wednesday that communications intercepts showed that MH17 was shot down from an area in eastern Ukraine controlled by Russia- backed separatists with a missile from a Buk launcher. Russian Foreign Ministry spokeswoman Maria Zakharova says the...

  • OIL PRICES TURN NEGATIVE ON EIA DATA AFTER EARLY RALLY.

  • WATERLOO, Ontario— BlackBerry says it plans to stop making its signature smartphones internally, signaling a strategic shift for a company that built its reputation on innovative smartphone technology. BlackBerry chairman and CEO John Chen says the move will allow BlackBerry to save money as it focuses efforts on software and security services.

  • WASHINGTON, Sept 28- The Federal Reserve is considering changes to the annual stress tests it gives U.S. banks to move to a more risk-sensitive, firm-specific approach that would raise capital requirements for big banks based on their test results, according to its chair, Janet Yellen. Testifying at a House of Representatives Financial Services Committee...

  • Sept 28- Brewing company Anheuser-Busch has agreed to pay $6 million to settle charges that it violated U.S. anti-bribery laws and also "chilled a whistleblower," the U.S. Securities and Exchange Commission said on Wednesday.

  • LONDON, Sept 28- Sterling dipped on Wednesday after a Bank of England policymaker said she expected the central bank would "at some point" need to add more monetary stimulus to Britain's economy to cushion the blow dealt by Brexit. "The dip was because she put out a strong signal that easing is likely at some point, and aren't fully pricing that in," said ING currency...

  • PARIS— The markets authority in France has a message for UK- based companies: We want you. With Britain's financial future in limbo after its vote to leave the EU, French regulator AMF announced a new offer Wednesday allowing companies to get past the first hurdle for establishing operations in France within just two weeks. Opening a business in France is complex...

  • ALBANY, N.Y.— Democratic New York Gov. Basil Smikle, executive director of state Democratic Party, says the money will go into a separate account to await the outcome of the case. Others charged include former top Cuomo aide Joe Percoco and State University of New York Polytechnic Institute President Alain Kaloyeros.

  • Wells Fargo is under pressure to show it is holding top brass accountable after government investigators discovered that employees opened as many as 2 million accounts without customers' knowledge in order to meet sales targets. On Tuesday, Wells Fargo said CEO John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary...

  • Wells Fargo, which has been fined $185 million by regulators who said bank employees opened millions of unauthorized accounts to meet sales goals, has promised to contact all customers and invite them to review their accounts. "You must be proactive," said Pamela Banks, the senior policy counsel at the nonprofit advocate Consumers Union. Wells Fargo has been...

  • BERLIN/ FRANKFURT, Sept 28- European Central Bank President Mario Draghi rejected German criticism of the bank's super-loose monetary policy on Wednesday, calling sub-zero rates a necessity and urging governments including Germany's to share more of the burden. Facing a grilling from German lawmakers who say the bank's monetary policy has damaged the euro...

  • NEW YORK— When a product is hot, it can look like a surefire bet for an entrepreneur tempted to jump on the trend. "Don't assume your fad is going to have revenue beyond a pretty short time," says Mary Gale, a lecturer in entrepreneurship at Babson College. The popularity of Minecraft inspired Lindsey Handley to create software and afterschool programs to teach...

  • GASOLINE FUTURES PARE GAINS SHARPLY AFTER EIA DATA SHOWS MUCH BIGGER-THAN-EXPECTED BUILD IN INVENTORIES.

  • CRUDE UP BY $1 A BARREL AFTER EIA DATA SHOWS ANOTHER SURPRISE DRAW IN INVENTORIES.

  • LAGARDE SAYS RESTRICTING TRADE IS "ECONOMIC MALPRACTICE"

  • LAGARDE SAYS RESTRICTING TRADE IS "ECONOMIC MALPRACTICE"