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Wires

  • Mexico will relay its anger to senior U.S. officials about Trump's plan to deport non-Mexican illegal migrants south across the border, the latest point of tension between the two neighbors. Treasury Secretary Steven Mnuchin says he wants to see "very significant" tax reform passed before Congress takes its August recess but the Trump administration is still...

  • NEW YORK, Feb 23- A former Valeant Pharmaceuticals International Inc executive and the former chief executive of mail order pharmacy Philidor Rx Services pleaded not guilty on Thursday to charges they orchestrated a multi-million dollar fraud and kickback scheme. Federal prosecutors accused Gary Tanner, who was a senior director at Canadian drugmaker...

  • NEW YORK, Feb 23- Chinese telecom equipment maker ZTE Corp has been granted a slightly longer reprieve from export restrictions imposed by the U.S. government as it seeks to resolve a probe of alleged violations of U.S. sanctions on Iran. But the latest window is smaller than earlier 90- day reprieves granted by the Commerce Department, which keeps the pressure on...

  • VILLAVERDE, Spain, Feb 23- As the only European country where carmaker PSA's production overlaps with that of Opel, Spain could deliver the quick cost savings sought by PSA boss Carlos Tavares to convince investors to back his planned acquisition of the rival brand. Between them, PSA- maker of Peugeots and Citroens- and General Motors' Opel operate three Spanish...

  • *Q4 profit $1.44/ shr vs est $1.33. Feb 23- Department store operator Kohl's Corp followed larger rival Macy's Inc in reporting a better-than-expected profit for the holiday quarter, as lower inventories helped the company avoid deep discounting. "We've really dramatically reduced inventories this year so our clearance levels and fall transitional...

  • Engaged Capital, which has a 12.9 percent stake in Rent-A- Center, last week urged the retailer to explore strategic alternatives, to which the company responded by saying it was looking at strategies to cut costs and boost revenue. Engaged Capital said on Thursday it was "unacceptable" that Rent-A-Center's seven-member board was "stubbornly" pursuing a "risky...

  • NEW YORK, Feb 23- Global stock prices posted record highs for a third straight session on Thursday, propelled by an oil rally after a surprise drop in U.S. crude inventories and comments by U.S. Treasury Secretary Steven Mnuchin about pursuing significant tax reform. This outlook for policy accommodation lifted gold prices to a three-month high near $1,250 an...

  • GENEVA, Feb 23- Russia lost its appeal on Thursday against a World Trade Organization ruling on its ban on imports of European Union pigs and pork products. Russia imposed the ban after a handful of cases of African swine fever in some EU areas in 2014, invoking sanitary and phytosanitary measures allowed under WTO rules. Russia appealed, and the WTO's Appellate...

  • LINCOLNSHIRE, Ill. _ Zebra Technologies Corp. on Thursday reported fourth-quarter net income of $17 million, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share. Eight analysts surveyed by Zacks expected $931.2 million.

  • WORLD TRADE ORGANIZATION APPEAL JUDGES UPHOLD EUROPEAN UNION COMPLAINT ABOUT RUSSIAN IMPORT BAN ON PIGS AND PORK PRODUCTS.

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • ROME, Feb 23- Struggling Italian airline Alitalia was forced to cancel 60 percent of scheduled flights on Thursday as its employees went on strike to protest about employment conditions. Hundreds of employees marched outside Rome's main airport, where usually bustling check-in areas were deserted. Alitalia's controlling shareholder Etihad Airways, which...

  • U.S. CRUDE, BRENT FUTURES EXTEND GAINS AFTER EIA INVENTORY DATA.

  • Feb 23- Cigna Corp said Chief Financial Officer Thomas McCarthy will retire this summer, a week after the health insurer's $54 billion deal to be acquired by Anthem Inc was blocked by the U.S. Justice Department. Michael Triplet, Alan Muney and Christopher Hocevar will join the team immediately, the company said. Cigna had notified Anthem that it had ended the deal...

  • WASHINGTON, Feb 23- The number of Americans filing for unemployment benefits rose slightly last week but the four-week average of such claims, considered a better gauge, fell to a 43-1/ 2- year low in a sign of a strengthening labor market. "All indications are that job creation remains solid, underscoring the resiliency of the nearly eight-year economic recovery,"...

  • The U.S. government is seeking to deport many illegal immigrants to Mexico if they entered the United States from there, regardless of their nationality, prompting a fiery response from Mexican officials. Washington has tried to downplay the tensions, which follow arguments between the United States and Mexico over Trump's vow to build a wall on the border and...

  • In an email to NYSE traders, the exchange said it would offer a "weekend production testing opportunity" on Feb. 25 for firms to "exercise their IPO trading logic." The stakes are high for NYSE in handling the closely-watched offering for Snap, which runs popular messaging app Snapchat. "It's a big deal and they clearly want to make sure it goes smoothly- you can't fault...

  • *Eyes still on French politics as poll shows Le Pen gains. The dollar fell as much as 0.5 percent against the yen to a six-day low of 112.66 yen, while the euro rose as much as 0.3 percent against the dollar to $1.0587. "While it remains very difficult to pin down a fixed schedule for Trump tax reforms, it now appears anything phenomenal will now be delayed," said Adam Myers,...