Wires

  • FRANKFURT, Germany— Shares in Deutsche Bank are sharply lower after a report that the German government won't intervene with U.S. officials who are pressing the bank to pay $14 billion to settle an investigation into its sales of mortgage-backed securities. Deutsche Bank said it hasn't asked for help with the U.S. and isn't seeking a bailout.

  • Sept 26- Britain's GW Pharmaceuticals Plc said its experimental cannabis-derived drug for a rare form of childhood epilepsy succeeded in a third late-stage U.S. study. GW said it expects to submit a marketing application for the drug to the U.S. Food& Drug Administration in the first half of 2017. The company's shares rose as much as 10.2 percent to hit a record...

  • MOSCOW, Sept 26- One Thursday evening in March, Elvira Nabiullina, governor of Russia's central bank, faced down a rival in the struggle for influence inside President Vladimir Putin's entourage. At a meeting chaired by Putin, Economy Minister Alexei Ulyukayev sought the president's blessing for the central bank to give 140 billion roubles to lenders,...

  • *Algeria minister says won't come out of meeting "empty-handed". LONDON, Sept 26- Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the market, with nervous trade driving volatility to its highest since exporters met in April. Members of the Organization of the Petroleum Exporting Countries are meeting...

  • ROME— Italian officials are warning that Switzerland could face consequences after voters in the border canton of Ticino approved a referendum calling on authorities to grant preference to Swiss workers over foreigners in employment. Fifty-eight percent of Ticino voters approved the measure, an outgrowth of the Swiss nationalist efforts to limit EU...

  • TORONTO/ ASMARA, Sept 26- Bemnet Negash never got to say a proper goodbye to his family. In February 2006, government officials arrived at his school in the highlands of Eritrea and put him and his classmates on a bus to a military training camp. Bemnet, who slipped out of Eritrea in 2011, did not work just for the government when he was a conscript: In his legal filing he...

  • Sept 26- U.S. drugmaker Pfizer Inc said on Monday it had decided not to separate into two publicly traded companies at this time. Pfizer has for several years weighed whether a split makes sense, largely because its patent-protected medicines routinely enjoy sales growth, while its portfolio of generics usually post declines. Investors shifted their focus to...

  • BROOMFIELD, Colo. _ Vail Resorts Inc. on Monday reported a loss of $65.3 million in its fiscal fourth quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.67 per share. Vail Resorts shares have increased 25 percent since the beginning of the year.

  • CANNON BALL, N.D./ WASHINGTON, Sept 26- Three days after guard dogs attacked Native Americans protesting an oil pipeline project in North Dakota in early September, an unprecedented event took place at the White House. Brian Cladoosby, president of the National Congress of American Indians, which represents more than 500 tribes, spoke to nearly a dozen of...

  • CHICAGO, Sept 26- The U.S. Justice Department is looking into concerns that global consolidation among major seed and agricultural chemical companies may squeeze supplies of the building blocks for widely used genetically modified seeds, a farm group told Reuters. The department has asked the American Soybean Association for details about how small and...

  • NEW YORK— Chemtura's stock is up more than 17 percent in premarket trading after the specialty chemicals company agreed to a $2.5 billion acquisition offer from Germany's Lanxess. Chemtura shareholders will receive $33.50 per share in cash for each share they own. Lanxess Chairman and CEO Matthias Zachert said that the acquisition diversifies its business...

  • Current regulations on drones in the UAE, introduced in April 2015, relate mainly to commercial licensing and approving how companies use drones and are under constant development, al Dossari told reporters at a regional conference on drones in the UAE capital. "The Emirates Authority for Standardisation& Metrology is working on laws that will have a...

  • Sept 26- Waste collection company Advance Disposal Services Inc said on Monday it expects to raise as much as $404.3 million in its initial public offering, valuing the company at about $1.76 billion. The company expects the 19.25 million-share offering to be priced at between $18 and $21 per share, Advance Disposal Services said in a filing on Monday.

  • JACKSON, Miss. _ Cal-Maine Foods Inc. on Monday reported a fiscal first-quarter loss of $30.9 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Jackson, Mississippi- based company said it had a loss of 64 cents. Keywords: Cal-Maine Foods, Earnings Report.

  • *Clinton vs Trump TV debate due later. LONDON, Sept 26- European stocks fell on Monday, weighed down by a pullback in the shares of major banking and energy companies, with Deutsche Bank hitting a record low. German magazine Focus, citing unidentified government sources, reported on Saturday that German Chancellor Angela Merkel had ruled out state assistance for...

  • LONDON— Turkey's stock markets and currency have fallen sharply after the country's credit rating was downgraded into junk status by Moody's. The selling is largely due to Moody's statement after the market close on Friday that it was cutting its rating on Turkish debt to Ba1 from Baa3. Moody's voiced a number of concerns, including the country's "sizeable...

  • Target Corp. shopping baskets sit on the floor of a company store

    Target said Chief Digital Officer Jason Goldberger has left the retailer and his role will be taken over by two senior company executives.

  • Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia in response to a slowdown in activity in the region.

  • OSAKA, Sept 26- The pace at which the Bank of Japan buys bonds will depend on what is needed to achieve its yield curve target but no big increases or decreases were expected for now, Governor Haruhiko Kuroda said on Monday, dampening speculation that the BOJ was considering tapering asset purchases. The BOJ may instead top up asset purchases or accelerate base...

  • LONDON, Sept 26- Britain's housing market showed signs of slowing in August with the number of mortgages approved by banks falling to its lowest level since January 2015 and analysts said they expected further weakness ahead as Brexit uncertainty dampens demand next year. The figures extended a slowdown which began at the start of this year ahead of the...