Wires

  • TOKYO, Aug 25- Three years of so-called "Abenomics", Japanese Prime Minister Shinzo Abe's bold stimulus programme, has failed to dislodge a deflationary mindset among businesses and consumers. Housewife Yuko Narita, 48, says she is tightening the family purse strings and scouting around for sales on daily goods and clothing. Nobuko Jin, a 75- year-old part-time...

  • DOVER, Del.— The head of U.S. Senate Judiciary Committee has called for hearings next month on the proposed merger between the DuPont Co. and Dow Chemical, as well as on broader issues of consolidation within the seed and chemical industry. Chuck Grassley, R- Iowa, said Wednesday that Iowans are concerned that consolidation could result in higher production costs...

  • YORBA LINDA, Calif.— The U.S. is still probing the extent of a recent cyber leak of what purports to be hacking tools used by the National Security Agency, the nation's top intelligence official said Wednesday. "We are still sorting this out," James Clapper, director of national intelligence, said at an event at the Nixon Presidential Library and Museum in Yorba Linda,...

  • Aug 24- HP Inc, the hardware business of the former Hewlett-Packard Co, reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks. However, HP forecast current-quarter profit below analysts' estimates, reflecting weak sales of its printers as companies cut costs across industries. "The markets remaining challenging...

  • NEW YORK, Aug 24- The former chief executive officer of Comverse Technology Inc pleaded guilty to securities fraud on Wednesday and was ordered detained a decade after fleeing the United States for Namibia to avoid prosecution. Jacob "Kobi" Alexander, the Woodbury, New York- based software developer's founder, entered the plea in federal court in Brooklyn, after...

  • CHICAGO, Aug 24- Florida Governor Rick Scott on Wednesday said the federal government has so far not delivered all of the Zika antibody tests and laboratory support he has requested as the state battles the spread of the virus. That followed Tuesday's announcement of Florida's first case of Zika transmitted by mosquitoes in Pinellas County, some 265 miles from...

  • ANNAPOLIS, Md.— Japanese Ambassador to the United States Kenichiro Sasae says Japan has authorized $2 million to support a feasibility study of building a high-speed train between Baltimore and Washington. Ambassador Kenichiro Sasae made the announcement Wednesday after signing a Memorandum of Cooperation between Maryland and Japan with Gov.

  • WASHINGTON, Aug 24- Pharmaceutical company Mylan NV has won a round in its fight with Teva Pharmaceutical Industries Ltd at the U.S. Teva sells Copaxone based on patents licensed from Yeda Research& Development Co Ltd.. It said that IMS Health estimates sales of the drug to be $3.3 billion annually.

  • NEW YORK, Aug 24- A U.S. appeals court on Wednesday said cash-strapped Puerto Rico cannot force Wal-Mart Stores Inc's affiliate on the island to pay a special corporate tax that the retailer claimed was discriminatory and violated the U.S. The 1st U.S. Circuit Court of Appeals in Boston upheld a lower court order blocking Puerto Rico from imposing its...

  • OTTAWA, Aug 24- Canada hardened its line with China on Wednesday in a dispute over Canadian canola exports, saying bilateral relations could not improve until Beijing took action to settle the matter. China says that starting on Sept. 1, it will toughen its inspection standard for canola over concerns about the crop disease blackleg, threatening C $2 billion in...

  • WASHINGTON, Aug 24- Democratic presidential candidate Hillary Clinton called on pharmaceutical company Mylan NV to voluntarily drop the price of its severe allergy treatment drug EpiPen, which has increased in price by more than 400 percent in the past decade. Mylan spokeswoman Nina Devlin did not respond to inquiries about Clinton's criticism of the...

  • Aug 24- Monster Worldwide Inc said shareholder MediaNews Group Inc had made "flawed and uninformed assumptions" in its letter last week opposing the job sites operator's buyout by Dutch staffing company Randstad. MediaNews' letter "attempts to put Randstad all-cash offer at risk without offering superior proposal," Monster Chief Executive Tim Yates said in an...

  • Aug 24- Trendiness might be a good way to gain popularity in high school but it is a terrible way to pick a mutual fund, particularly a newly launched one. Like in every area of human activity, fashion plays a role in investment management, both in terms of where people choose to put their money, and, in consequence, in what kinds of products the industry creates.

  • SACRAMENTO, Calif.— California lawmakers voted Wednesday to extend the state's landmark climate change law— the most aggressive in the nation— by another 10 years, resisting fierce opposition from oil companies and other business interests to keep the program alive at least through 2030.. The move keeps alive the legal framework that underpins California's...

  • NEW YORK, Aug 24- A U.S. appeals court on Wednesday said cash-strapped Puerto Rico cannot force Wal-Mart Stores Inc's affiliate on the island to pay a special corporate tax the retailer claimed was discriminatory and violated the U.S. The 1st U.S. Circuit Court of Appeals in Boston upheld a lower court order blocking Puerto Rico from imposing its alternative...

  • ROME, Aug 24- The earthquake that struck central Italy on Wednesday has killed at least 159 people, the country's civil protection agency said, raising a previous count of 124..

  • CHICAGO, Aug 24- Florida Governor Rick Scott on Wednesday said the federal government has so far not delivered all of the Zika antibody tests and laboratory support he has requested as the state battles the spread of the virus. That followed Tuesday's announcement of Florida's first case of Zika transmitted by mosquitoes in Pinellas County, some 265 miles from...

  • NEW YORK, Aug 24- Wall Street stocks retreated on Wednesday led by health care and materials stocks, while oil prices tumbled about 3.0 percent on worries about oversupply. Mylan slumped 5.4- percent to $43.15 after U.S. presidential candidate Hillary Clinton joined a Senate committee in asking why the cost of its allergy treatment EpiPen had soared.

  • WASHINGTON, Aug 24- U.S. banking regulators said on Wednesday they are focused on cyber security risks and controls for U.S. financial institutions after attacks earlier this year involving the global financial network known as SWIFT. In a letter responding to questions from Representative Carolyn Maloney, a Democrat from New York, the regulators also said...

  • TORONTO/ OTTAWA, Aug 24- Canada's main stock index posted its biggest decline in more than eight weeks on Wednesday as lower metal and oil prices sent shares of resource companies tumbling. Federal Reserve Chair Janet Yellen at the end of the week with markets hoping for a sign on whether the Fed will raise interest rates before the end of the year.