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Wires

  • CALGARY, Alberta, May 25- Alberta oil and gas land sales have reached levels not seen since 2014 thanks to a rush to buy land in an oil-rich pocket of the Duvernay shale play that was until recently written off as being uneconomic. To be sure, exploration in the East Shale Basin is in its infancy, spurred on by improving fracking technology, and geologists are still...

  • Facebook CEO Mark Zuckerberg gave a commencement speech at Harvard University on Thursday, 12 years after dropping out to focus on what's now the world's biggest social network. If I get through this speech, it'll be the first time I actually finish something at Harvard. How many of you remember exactly what you were doing when you got that email telling you that...

  • WASHINGTON— Four protesters have been arrested after disrupting a Senate hearing on nominees to serve in energy-related posts in the Trump administration. Two men and two women were arrested on Capitol Hill after disrupting a hearing by the Senate Energy and Natural Resources Committee. The panel is considering President Donald Trump's nominee for deputy...

  • SANTIAGO, May 25- Chile's state-run Codelco, one of the world's biggest copper producers, is readying a domestic bond issue that will allow it to refinance its debt and fund investments, a local ratings agency said on Thursday. Codelco was in the process of registering a new debt issue worth some $1.6 billion, denominated in Chilean inflation-adjusted currency...

  • BRASILIA, May 25- Brazil's embattled President Michel Temer said on Thursday that the country has not come to a standstill and that Congress continues to approve important government proposals. In a recorded address posted on his Facebook page, Temer said his goal is to put Brazil back on the path of economic growth. A corruption investigation opened last week...

  • NEW YORK, May 25- Investors pulled $10.1 billion from U.S.-based stock funds during the latest week, Lipper data showed on Thursday, offering little support to an equity market that continues to chart record highs.

  • Previous EU negotiating positions have stressed Brussels' aim of protecting the rights of 3 million citizens of the other 27 current member states now living in Britain once it quits the bloc in March 2019, though they have said this should be reciprocated by the EU for over a million British expatriates. The paper, to be discussed by diplomats next week, goes into...

  • Brown-Forman Corp., down $2.74 to $51.60. PVH Corp., up $4.94 to $106.98. Best Buy Co., up $10.83 to $61.25.

  • TORONTO, May 25- Canada's main stock index dipped on Thursday as a plunge in oil prices weighed on energy shares, offsetting gains for industrials and financials after quarterly earnings from some major banks impressed investors. U.S. crude prices settled $2.46 lower at $48.90 a barrel after the Organization of the Petroleum Exporting Countries' decision to...

  • U.S.-BASED SMALL CAP FUNDS POST $2.7 BLN OUTFLOWS; LARGEST WITHDRAWALS SINCE DECEMBER 2015- LIPPER.

  • MARION, N.Y. _ Seneca Foods Corp. on Thursday reported a fiscal fourth-quarter loss of $1.6 million, after reporting a profit in the same period a year earlier. Seneca Foods shares have decreased 15 percent since the beginning of the year. Keywords: Seneca Foods, Earnings Report.

  • U.S.-BASED ISHARES MSCI BRAZIL ETF ATTRACT $526 MLN OVER WEEKLY PERIOD; LARGEST INFLOWS SINCE SEPTEMBER 2012- LIPPER.

  • Its sales of new video games plunged 8.2 percent to $520.5 million in the first quarter ended April 29. Net sales climbed 3.8 percent to $2.05 billion in the quarter, beating analysts' average estimate of $1.94 billion, according to Thomson Reuters I/B/E/S. Net income fell to $59 million, or 58 cents per share in the quarter, from $65.8 million, or 63 cents per share, a...

  • SAN JOSE, Calif. _ Brocade Communications Systems Inc. on Thursday reported a fiscal second-quarter loss of $11 million, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Five analysts surveyed by Zacks expected $575.4 million.

  • CUIABÁ, Brazil, May 25- Shares in JBS SA, the world's largest meatpacker, spiked on Thursday as speculation mounted over its strategy for weathering the fallout from a corruption scandal centered on its owners. The stock closed 23 percent higher, approaching levels last seen before the graft scandal rattled Brazil a week ago and leading gains on the benchmark...

  • May 25- Warehouse club operator Costco Wholesale Corp reported a better-than-expected quarterly profit on Thursday, helped by higher membership fees and strong sales in the United States. Net income attributable to Costco rose to $700 million, or $1.59 per share, in the latest quarter from $545 million, or $1.24 per share, a year earlier. Analysts on average had...

  • SANTA MONICA, Calif. _ Lions Gate Entertainment Corp. on Thursday reported fiscal fourth-quarter net income of $61.6 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. Six analysts surveyed by Zacks expected $1.21 billion.

  • SANTA BARBARA, Calif. _ QAD Inc. on Thursday reported a loss of $2.6 million in its fiscal first quarter. The Santa Barbara, California- based company said it had a loss of 14 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • TYSONS, Va. _ DXC Technology Co. on Thursday reported a loss of $148 million in its fiscal fourth quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share. Six analysts surveyed by Zacks expected $1.95 billion.

  • U.S. stocks climbed for the sixth day in a row Thursday as strong first-quarter results from retailers like Best Buy and PVH led indexes to record highs. That offset a plunge in oil prices. The Russell 2000 index picked up 0.88 points, or 0.1 percent, to 1,383.39.