Wires

  • Wal-Mart Stores Inc said earlier this month it would create 10,000 jobs in the United States as part of a previously announced plan. Trump, who took on office on Friday, has criticized U.S. companies across industries for not doing more to keep jobs in the United States. He met with a dozen American manufacturers at the White House on Monday, pledging to slash...

  • Jan 23- Jeffrey Lacker, the hawkish president of the Federal Reserve Bank of Richmond, said on Monday he is worried inflation could surge unless the U.S. central bank raises interest rates faster than his fellow policymakers anticipate. "Right now I think we are at risk of getting behind the curve, so lately I've been an advocate of pushing rates up a little more...

  • SARAJEVO, Jan 23- A Chinese company began work on Monday on a $715 million expansion of a Serbian coal mine and a new power plant, part of a wave of investment in new coal-fired plants in the Balkans that is at odds with EU policy of reducing coal use. China Machinery and Engineering Corp's project to expand Kostolac, Serbia's second biggest coal mine, and build a new...

  • Jan 23- The S&P 500 was on track for its worst day this year as President Donald Trump's protectionist stance on trade sent investors scurrying for safe-haven assets on Monday. "The markets are less enthusiastic about protectionism than they are about pro-growth policies such as cutting taxes and decreasing regulation," said Art Hogan, chief market strategist...

  • President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies as China's influence in the region rises. Fulfilling a campaign pledge to end American involvement in the 2015 pact, Trump signed an executive order in the Oval Office pulling the United States from...

  • Republican Senator Susan Collins called President Donald Trump's executive order against Obamacare "very confusing" on Monday, saying whatever actions the Trump administration takes, legislation will still be needed to replace the health insurance law. Collins, a moderate Republican from Maine, was speaking at a press conference to introduce her own...

  • MEXICO CITY, Jan 23- The flow of foreigners crossing Mexico to reach the United States makes immigration a shared responsibility between the two countries, Foreign Minister Luis Videgaray said on Monday, days before he begins talks with U.S. Videgaray described Mexico as an "indispensable partner" to the United States. He noted that the number of foreigners...

  • *OPEC, non- OPEC ministers say complying with output cuts. NEW YORK, Jan 23- Oil prices fell about 1 percent on Monday as signs of a strong recovery in U.S. drilling overshadowed news that OPEC and non- OPEC producers were on track to meet output reduction goals. "Despite comments over the weekend at the OPEC compliance meeting that cuts in OPEC/ non- OPEC production were...

  • LONDON, Jan 23- Britain's pound surged to its highest in five weeks on Monday as investors priced in a defeat for the government in its appeal against a ruling that forces it to consult parliament before formally triggering EU exit talks in March. Expectations of a government loss- spreadbetter Betfair shows a 90 percent probability that the Supreme Court will...

  • WASHINGTON, Jan 23- A U.S. federal judge blocked on Monday health insurer Aetna Inc's proposed $34 billion merger with rival Humana, and Aetna said it was considering an appeal. Judge John Bates of the U.S. District Court for the District of Columbia said the proposed deal would "substantially lessen competition" in the sale of some Medicare Advantage plans in 364...

  • A federal judge has rejected health insurer Aetna's plan to buy rival Humana for about $34 billion and become a major player in the market for Medicare Advantage coverage. District Judge John Bates says in an opinion filed Monday that he largely agrees with federal regulators who contended that such a combination would hurt competition.

  • NEW YORK— Fox News Channel is cutting ties with some of its paid contributors, including former "Clueless" actress Stacey Dash and veteran conservative columnist George Will. The network said Monday that it had also declined to renew the contracts of political strategist Ed Rollins and columnist Cal Thomas. She attracted a lot of attention in a short time,...

  • WASHINGTON, Jan 23- Democratic state officials took a step on Monday to try to defend the U.S. Consumer Financial Protection Bureau in a court battle that could defang it, worried that Republican President Donald Trump's administration will not safeguard the agency. The state officials said in the court filing that they are concerned that the Trump...

  • FRANKFURT, Jan 23- Germany's Ottobock, the world's largest maker of artificial limbs, has attracted interest from private equity groups including KKR and CVC for a 20 percent stake in its core business, people familiar with the matter said on Monday. The suitors for the stake in its core healthcare division also include buyout firms BC Partners and Advent, the...

  • FRANKFURT, Jan 23- Germany's Ottobock, the world's largest maker of artificial limbs, has attracted interest from private equity groups including KKR and CVC for a 20 percent stake in its core business, people familiar with the matter said on Monday. The suitors for the stake in its core healthcare division also include buyout firms BC Partners and Advent, the...

  • LONDON, Jan 23- Italian government bond yields hit a six-week high on Monday, the eve of a Constitutional Court review of a disputed election law that that could affect the timing of the next election. Italy's yields came off those highs as trading drew to a close, falling into the slipstream of a broad rally in euro zone debt after U.S. But there was still caution...

  • BUENOS AIRES, Jan 23- Argentina's citrus federation vowed to rekindle an agreement to export lemons to the United States on Monday after Washington issued a 60- day stay on its decision to allow imports, causing shares of lemon exporter San Miguel to tumble 8.1 percent. That afternoon the White House told the USDA to put a hold on the deal, a spokeswoman for the U.S.

  • Sprint paid $200 million for the stake, and Jay Z and each of the company's two dozen artist-owners will remain part owners, according to a person familiar with the deal. Sprint shares rose 3.4 percent to $9.23 in midday trading on the New York Stock Exchange. Sprint Chief Executive Marcelo Claure will join Tidal's board.

  • WARREN, Pa. _ Northwest Bancshares Inc. on Monday reported fourth-quarter net income of $24.5 million. The holding company for Northwest Savings Bank posted revenue of $114.9 million in the period. Northwest Bancshares shares have fallen 3 percent since the beginning of the year.

  • Trump's vow to renegotiate the key trade agreement, which also includes Mexico, could sideswipe Canada's export-driven economy, and the visit by Kushner underlines the ties developing between the Trudeau and Trump camps. Trump said on Sunday he plans talks soon on the North American Free Trade Agreement, under which Canada and Mexico send the majority of...