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Wires

  • GM Chief Financial Officer Chuck Stevens cautioned in a call with analysts that production of its profitable large pickup trucks in North America could fall by 10 percent in 2018 as a new generation of trucks is launched. The results excluded nearly $800 million in losses from the company's European operations, which are being sold to France's PSA Group.

  • WASHINGTON— The Republican-led House is seeking to overturn a rule that would let consumers join together to sue their banks or credit card companies rather than use an arbitrator to resolve a dispute. The Consumer Financial Protection Bureau finalized the rule just two weeks ago. Elizabeth Warren said that when a whole lot of people get hurt in the same way,...

  • Shares in the London- listed miner closed 8.5 percent lower at 169 pence, having had more than two-thirds wiped of their value since a ban on the export of gold and copper concentrates was imposed in Tanzania on March 3. Acacia, the biggest gold miner in Tanzania, received a notice from Tanzania on Monday for $190 billion unpaid taxes dating back over 10 years.

  • NEW YORK— The Latest on the findings on what caused a fatal commuter rail crash north of New York City in 2015.:. The National Transportation Safety Board met Tuesday in Washington, D.C., to finalize the investigation of the crash on the Metro-North Railroad. NEW YORK— Federal safety investigators will present their findings following a commuter rail crash that...

  • FRESNO, Calif.— The Latest on a fatal car accident in California that was livestreamed on Instagram:. Police say 18- year-old Obdulia Sanchez was driving the car Friday when it veered onto the shoulder of a road about 75 miles northwest of Fresno. In the backseat were Seja and Sanchez's 14- year-old sister, Jacqueline Sanchez, who was ejected from the car and killed...

  • NEW YORK— Delta Air Lines is apologizing after an argument between a pilot and a flight attendant delayed a flight from New York to Portland, Maine. The New York Daily reports that the pilot called the flight attendant a derogatory name after the two argued in the aisle. It was operated by Delta subsidiary Endeavor Air.

  • July 25- A Volkswagen AG executive charged in the automaker's diesel emissions scandal plans to plead guilty on Aug. 4 in U.S. District Court in Detroit, a court spokesman said on Tuesday. Oliver Schmidt, who was chief of Volkswagen's environmental and engineering center in Michigan, has been held since January when he was arrested trying to return to Germany.

  • TORONTO, July 25- Freeport-McMoRan Inc shares jumped to a 16- month high on Tuesday, as soaring metal prices and progress in a long-running, costly permit dispute with Indonesia buoyed the world's biggest publicly traded copper miner. Freeport's stock surged nearly 15 percent on the New York Stock Exchange by mid-day Tuesday, making it the top performer on the...

  • ST PETERSBURG, Russia, July 25- Russian President Vladimir Putin and Iraqi Vice President Nuri al-Maliki discussed supplies of Russian T-90 battle tanks at a meeting in St Petersburg on Tuesday, according to a Russian military official present at the meeting. Russia's Izvestia newspaper cited the Kremlin last week as saying Iraq had agreed to buy a "big" order of...

  • LAGOS, July 25- 9 mobile, the mobile operator formerly known as Etisalat Nigeria, has appointed Citigroup and Standard Bank to find an investor to buy into the firm and three companies have shown interest, a banking source close to the deal said on Tuesday. India's Bharti Airtel, which already has a presence in Nigeria, as well as Britain's Vodafone and French...

  • PARIS, July 25- Michelin's operating profit fell in the first half, with the French tire maker saying on Tuesday it had missed forecasts because analysts had overestimated foreign exchange gains. The numbers fell short of the 11.1 billion euros in sales and 1.43 billion-euro operating profit expected by analysts, based on the median of seven estimates polled...

  • WASHINGTON— The IRS says it is seeing a big drop in the number of tax refunds being stolen by identity thieves after the agency teamed up with tax preparers to fight the problem. IRS Commissioner John Koskinen said Tuesday that the number of victims was nearly cut in half last year, compared to the previous year. In 2015, identity thieves stole nearly 700,000...

  • *Caterpillar jumps after raising forecast for second time. July 25- The S&P hit a record and the Dow was higher on Tuesday, helped by a string of strong quarterly earnings from companies, including McDonald's and Caterpillar, while a drop in Alphabet weighed on the Nasdaq. "It looks like earnings are coming in better than expected and that's giving the market a jump...

  • *Turkey's top diplomat, EU affairs minister in Brussels. BRUSSELS, July 25- The European Union on Tuesday delivered its most public criticism yet of Turkey's security crackdown since last year's failed coup, saying there could be no progress on Ankara's bid to join the bloc without an end to human rights abuses. "Human rights, the rule of law, democracy, fundamental...

  • MEXICO CITY, July 25- Shares in Mexican bottler and retailer Fomento Economico Mexicano fell on Tuesday after it reported a drop in quarterly profits, hurt by rising costs. "Revenue growth was strong during the quarter, not just for our retail formats but across operations, and reflected a resilient consumer environment in Mexico in spite of rising inflation,"...

  • The moves are part of a broader turnaround plan under Chief Executive Steve Easterbrook, now in its second year. McDonald's shares hit an all-time high and were a top gainer on the Dow Jones Industrial Average on Tuesday, and were last up 4 percent at $157.83. McDonald's has also focused on value for U.S. customers by selling soft drinks of all sizes for $1 and McCafe...

  • Centene Corp. said Tuesday that a better-than-expected performance in those individual insurance markets prompted it to beat Wall Street expectations in the second quarter and raise its forecast for 2017.. But Chairman and CEO Michael Neidorff, like other insurance executives, is worried about the fate of cost-sharing reduction payments that ease...

  • LONDON, July 25- Sterling steadied close to a one-week high just above $1.30 on Tuesday, with hopes for increasing political stability and an upbeat business survey lending support to the currency. Sterling hit as high as $1.3084 after the data, before easing back to trade slightly up on the day at $1.3033 by 1630 GMT. The pound recovered from its worst week against...

  • BRUSSELS, July 25- The International Monetary Fund said on Tuesday that it foresaw only a modest increase in transaction costs if clearing and other financial activities are moved from the City of London to the European Union after Brexit. Clearing of euro-denominated securities is dominated by London, but it could be relocated to the EU when Britain leaves...

  • According to an agreement filed by the U.S. Securities and Exchange Commission on Monday in Manhattan federal court, Ariel Darvasi, a genetics professor at the Hebrew University of Jerusalem, will pay about $854,000. The SEC in March charged that Darvasi, of Mevaseret Zion, Israel, and another Israeli, Amir Waldman, made "remarkably timed" purchases of Mobileye...