Wires

  • *Express Inc plunges after slashing forecast. Aug 24- Wall Street was little changed on Wednesday morning as investors played a waiting game ahead of Federal Reserve Chair Janet Yellen's speech on Friday for clues on the timing of an interest rate hike. "This is going to be a lackluster drift upwards, with perhaps some stocks that have really run-up being the...

  • NEW YORK, Aug 24- Oil prices fell on Wednesday, with U.S. crude futures losing more than 1 percent, on data pointing to a potential build in domestic crude stockpiles that offset market bulls' speculation of an OPEC output freeze. "Markets are tough here overall as there is no significant macro story, and the bears are still talking about inventories," said Scott...

  • The government says it has won provisional approval from European authorities to recapitalize Portugal's biggest bank by assets, state-owned Caixa Geral de Depositos, with 5.1 billion euros. The Finance Ministry said in a statement the government will inject 2.7 billion euros into CGD. Portugal also needed a 78 billion-euro bailout in 2011 amid the...

  • NEW YORK— The latest on developments in global financial markets:. Stocks are opening slightly lower on Wall Street as the market gives back a modest gain from the day before. Newmont Mining dropped 3 percent and Range Resources fell 1 percent.

  • *Letter marks escalation in long-running feud with India. NEW DELHI, Aug 24- Monsanto Co has withdrawn an application seeking approval for its next generation of genetically modified cotton seeds in India, a major escalation in a long-running dispute between New Delhi and the world's biggest seed maker. A letter sent by Monsanto's local partner in India, the...

  • Aug 24- Ford Motor Co said on Wednesday it was recalling about 91,000 vehicles in North America to replace faulty fuel-pump parts that could potentially cause a car to stall without warning. Ford said it would replace fuel-pump control modules in about 88,151 vehicles, including certain of its 2013-15 model year Ford Taurus sedans, Ford Flex crossover utility...

  • Then along came Jeffrey Bullock, the newly appointed secretary of state for Delaware. Delaware's second-biggest biggest source of revenue was fees from few-questions-asked company registrations and other corporate services. The global pushback against shell companies was threatening to dim Delaware's longstanding appeal as a secretive corporate...

  • LAUDERDALE, Fla. _ National Beverage Corp. on Wednesday reported fiscal first-quarter net income of $29 million. Lauderdale, Florida- based company said it had net income of 62 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Aug 24- U.S. stocks were little changed at the open on Wednesday as investors kept up their wait for Federal Reserve Chair Janet Yellen's speech on Friday for clues on the timing of an interest rate hike. The Dow Jones Industrial Average was down 20.48 points, or 0.11 percent, at 18,526.82. The S&P 500 was down 1.7 points, or 0.08 percent, at 2,185.2.

  • LONDON, Aug 24- The world's longest aircraft, the Airlander 10 airship, has crash-landed after a test flight in Bedfordshire, central England, its British manufacturer Hybrid Air Vehicles said on Wednesday. The airship, which is bigger than the size of six double-decker buses, sustained damage on landing from its second test flight, Hybrid Air Vehicles said,...

  • *Europe's biggest economy grew 0.4 pct q/q in Q2. BERLIN, Aug 24- Solid economic growth generated a record budget surplus for Germany in the first half of this year, stoking a debate within government about whether the country should use its spare revenue to cut taxes or increase spending. But the International Monetary Fund and other euro zone governments have...

  • TORONTO, Aug 24- Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore, according to an internal government memo. A United Nations convention, which Canada ratified in 2003, says signatories need to pay the International Seabed Authority if companies...

  • DETROIT— Ford is recalling more than 88,000 cars and SUVs in North America because the engines can stall without warning due to a fuel pump problem. The recall covers certain Ford Taurus and Police Interceptor sedans, Ford Flex wagons, Lincoln MKS sedans and Lincoln MKT SUVs from the 2013 through 2015 model years. The company will notify customers to bring their...

  • *French firm in talks with Australia for $38 bln submarine deal. SYDNEY/ PARIS, Aug 24- French naval contractor DCNS said on Wednesday it may have been the victim of "economic warfare" after secrets about its Scorpene submarines being built in India were leaked. India opened an investigation after The Australian newspaper published documents relating to the...

  • NEW YORK, Aug 24- U.S. Numerous central bank officials, including Vice Chair Stanley Fischer, New York Fed President William Dudley and Atlanta Fed President Dennis Lockhart, have expressed an upbeat view of the economy in the past week, indicating a rate increase this year is likely and could come as soon as the September meeting. "The rhetoric we've gotten from the...

  • LONDON— The developer of the world's largest aircraft says the blimp-shaped airship "sustained damage" after it made a bumpy landing on its second test flight in eastern England. Hybrid Air Vehicles says it is trying to figure out what caused the rough landing of the 302- foot Airlander 10 during its flight Wednesday in Bedfordshire, north of London.

  • *Express Inc plunges after slashing forecast. Aug 24- Wall Street was set open little changed on Wednesday as investors kept up their wait for Federal Reserve Chair Janet Yellen's speech on Friday for clues on the timing of an interest rate hike. "This is going to be a lackluster drift upwards, with perhaps some stocks that have really run-up being the targets for...

  • LONDON, Aug 24- Global aluminum production fell by 1.2 percent to 33.12 million tonnes in the first seven months of this year, according to the International Aluminium Institute. Equally noteworthy are the divergent trends between dominant producer China and the rest of the world. China, meanwhile, has long been the driver of production growth to the point that...

  • LONDON, Aug 24- Global aluminium production fell by 1.2 percent to 33.12 million tonnes in the first seven months of this year, according to the International Aluminium Institute. Equally noteworthy are the divergent trends between dominant producer China and the rest of the world. China, meanwhile, has long been the driver of production growth to the point that...

  • LONDON, Aug 24- A powerful earthquake in Italy on Wednesday is not likely to force a 200 million euro bond issued to cover such risk into default as the bond has low exposure to the affected region, investors said. The earthquake devastated a string of mountainous towns in central Italy, trapping residents under piles of rubble, killing at least 38 people and...