Wires

  • Nov 29- Investors, including the state treasurers of Connecticut and Illinois, called on Wells Fargo& Co to require an independent board chair, saying the bank needs stronger oversight in the wake of a scandal over fake customer accounts. Although Wells Fargo already has shuffled its leadership structure, Connecticut Treasurer Denise Nappier on Tuesday said...

  • *Japan and China sales strong. Nov 29- Tiffany& Co reported its first rise in sales in two years as more people shopped in its stores in Japan and China, and the upscale jeweler said sales in the United States declined at their slowest quarterly pace this year. The company said Japanese shoppers bought more at home and in the United States, in the third quarter ended Oct....

  • TULSA, Okla.— McDonald's is testing the use of fresh, never frozen beef for its Quarter Pounder hamburgers. The fast food giant says the tests are being carried out in 75 of its restaurants in the Tulsa, Oklahoma- area. Oak Brook, Illinois- based McDonald's says it got positive feedback recently from a similar test in the Dallas/Fort Worth- area.

  • *OPEC experts could not agree details in Monday talks. OPEC sources told Reuters a meeting of experts in Vienna on Monday failed to bridge differences between OPEC's de facto leader, Saudi Arabia, and the group's second- and third-largest producers over the mechanics of output cuts. On Tuesday, tensions rose further after Iran wrote to OPEC saying it wanted Saudi...

  • *Inventory investment lowered to $7.6 billion. WASHINGTON, Nov 29- The U.S. economy grew faster than initially thought in the third quarter, notching its best performance in two years, buoyed by strong consumer spending and a surge in soybean exports. The economy could also gain more muscle next year if president-elect Donald Trump succeeds in pushing through...

  • LONDON, Nov 29- Lead and zinc fell more than 6 percent on Tuesday from the previous day's multi-year peaks, as sliding oil prices and perceptions that a post-U.S. election rally had become overstretched prompted selling. Industrial metals surged earlier this month on speculation that U.S. president-elect Donald Trump's pledge to lift infrastructure...

  • *Russia preparing to sell stake in top oil firm. MOSCOW, Nov 29- Russia has instructed its top oil producer Rosneft to submit proposals for its privatisation by Dec. 1, keeping Moscow on track to receive funds from the sale by the end of the year. "I have sent a letter to Rosneft management... for them to draw up proposals on privatisation options by Dec. 1," Kremlin economic...

  • *Russia preparing to sell stake in top oil firm. MOSCOW, Nov 29- Russia has instructed its top oil producer Rosneft to submit proposals for its privatization by Dec. 1, keeping Moscow on track to receive funds from the sale by the end of the year. "I have sent a letter to Rosneft management... for them to draw up proposals on privatization options by Dec. 1," Kremlin economic...

  • NEW YORK— You can now play "Pac-Man" with your Facebook Messenger buddies. Facebook is adding the option to play games with your contacts on the messaging app beginning Tuesday. You can access the feature in the latest version of the app by tapping a game controller icon.

  • President-elect Donald Trump is expected on Tuesday to name former Labor Secretary Elaine Chao to be his transportation secretary, a source with knowledge of the decision said. She is married to U.S. Senate Majority Leader Mitch McConnell, a Republican from Kentucky. Price, 62, is an orthopedic surgeon who heads the House of Representatives' Budget Committee.

  • President-elect Donald Trump is expected on Tuesday to name former Labor Secretary Elaine Chao to be his transportation secretary, a source with knowledge of the decision said. She is married to U.S. Senate Majority Leader Mitch McConnell, a Republican from Kentucky. Price, 62, is an orthopedic surgeon who heads the House of Representatives' Budget Committee.

  • President-elect Donald Trump is expected on Tuesday to name former Labor Secretary Elaine Chao to be his transportation secretary, a source with knowledge of the decision said. She is married to U.S. Senate Majority Leader Mitch McConnell, a Republican from Kentucky. Price, 62, is an orthopedic surgeon who heads the House of Representatives' Budget Committee.

  • NEW YORK, Nov 29- At least four U.S. agencies are investigating former officials of a now-bankrupt oil and gas company once majority owned by troubled hedge fund manager Platinum Partners, according to a legal filing submitted last week. Attorney's office in Brooklyn, New York, the U.S. Securities and Exchange Commission, the Internal Revenue Service, and the U.S....

  • BOSTON— After nearing collapse under the Obama administration, the for-profit college industry is celebrating Donald Trump's election as a chance for a rebound. While Trump has yet to detail his education plan, some in the for-profit sector see the president-elect as an ally who has championed the private sector and promised to roll back many of President...

  • TUNIS, Nov 29- Qatar said it would provide $1.25 billion in aid to shore up Tunisia's post-revolution economy as regional and Western partners pledged extensive financial backing at an investment conference on Tuesday. The money from Qatar, announced by the emir, Sheikh Tamim bin Hamad al-Thani, is the biggest single offer of aid to Tunisia since a 2011 uprising...

  • Instead of the latest toy or gadget, some people are trying to give their loved ones more financial security this holiday season. "It's easy to do and you don't have to worry about a toy breaking, you don't have to worry about batteries and you don't have to worry about the latest trend," said Young Boozer, chairman of the College Savings Plans Network.

  • CHICAGO, Nov 29- U.S. soybean futures fell 1.1 percent on Tuesday, setting back from a 4-1/ 2 month high on a round of profit taking as well as pressure from falling crude oil prices. "There is some macro pressure here in the soy complex," said Terry Linn with Chicago brokerage Linn& Associates. At 10:42 a.m. CST, CBOT January soybean futures were down 11-3/ 4 cents at...

  • NEW YORK— President-elect Donald Trump has picked Elaine Chao to become transportation secretary, a Trump transition official said Tuesday. She also is the wife of Senate Majority Leader Mitch McConnell of Kentucky. Chao received her undergraduate degree from Mount Holyoke College and a Master of Business Administration from Harvard.

  • *OPEC meeting eyed, oil prices slip again. NEW YORK, Nov 29- The dollar fell on Tuesday as the greenback consolidated its position against most major currencies following a roller-coaster 24 hours which traders say may just be a precursor to three weeks of risk-packed events including the Federal Reserve's December policy meeting. said Marc Chandler, chief...

  • NEW YORK, Nov 29- The U.S. Treasury Department said on Tuesday it sold $45 billion in one-month bills at an interest rate of 0.365 percent, the highest since 0.440 percent at a one-month bill sale on Oct. 28, 2008, according to Treasury data.