Wires

  • DETROIT, Dec 6- Ford Motor Co is stockpiling 2017 model F-150 trucks, delaying delivery to dealers while it runs final tests on a new 10- speed transmission, a top executive told Reuters. The trucks should be delivered by the end of the year, Joe Hinrichs, head of Ford's automotive operations in the Americas said in an interview on Monday. The Ford F-series line of...

  • Dec 6- A U.S. judge in New Jersey on Tuesday threw out a proposed class action lawsuit alleging that automaker Mercedes misled consumers about emissions standards in "BlueTec Clean Diesel" vehicles. District Judge Jose Linares said the plaintiffs did not have standing to bring the case. Plaintiffs claimed that Mercedes falsely advertised the BlueTec vehicles...

  • *OPEC, Russian oil output at record highs. *Saudi price war could undermine OPEC promise. NEW YORK, Dec 6- Oil prices on Tuesday ended lower for the first time since OPEC agreed on Nov. 30 to cut output, as data showing record high production in the producer group fed skepticism that it would be able to reduce supplies.

  • BRIDGEWATER, Maine— A Texas company says it's dropping plans for now to build a massive wind farm in Aroostook County that would've been the largest of its kind in New England. The Portland Press Herald reports Katie Chapman, project manager for the EDP Renewable's Number Nine Wind Farm, on Monday said the company withdrew its application with environmental...

  • Stocks posted slight gains on Tuesday, sending the Dow Jones industrial average to another record, helped by shares of telecommunications companies such as Verizon, Sprint and AT&T. The S&P 500 is up 20.28 points, or 0.9 percent. The S&P 500 is up 168.29 points, or 8.2 percent.

  • Dec 6- An environmental group said on Tuesday it filed a lawsuit against De Beers Canada, accusing the diamond producer of failing to report toxic levels of mercury and methylmercury at its Victor Diamond mine in northern Ontario. It said it had alerted the province of Ontario and De Beers Canada to the failures more than 18 months ago. "After months and months of...

  • Dec 6- Dietary supplement maker Elysium Health Inc said it raised $20 million in funding from a group of investors led by venture capital firm General Catalyst. Studies have shown that if you restore NAD+ levels in an old animal, you can help it live longer, Chief Scientist and founder Leonard Guarente, who also leads the Science of Aging Lab at the Massachusetts...

  • Chipotle Mexican Grill Inc., down $29.90 to $366.37. Michaels Cos., down 46 cents to $23.85. Boeing Co., up 8 cents to $152.24.

  • WASHINGTON— After meeting with Donald Trump on Tuesday, Japanese tech billionaire Masayoshi Son said he will invest $50 billion in the United States and would "commit" to creating 50,000 new jobs. Last week, the president-elect spoke at the Carrier furnace plant in Indianapolis after the company announced plans to keep 800 jobs at the plant instead of...

  • BETHESDA, Md. _ TerraForm Power Inc. on Tuesday reported a loss of $481,000 in its first quarter. TerraForm Power shares have climbed nearly 2 percent since the beginning of the year. Keywords: TerraForm Power, Earnings Report.

  • The currency had gained recently as oil surged after a deal among producers to limit output, and could yet test its 100- day moving average of C $1.3192, according to Elsa Lignos, a senior currency strategist at RBC Capital Markets in New York. The Canadian dollar settled at C $1.3284 to the greenback, or 75.28 U.S. cents, weaker than Monday's close of C $1.3276, or...

  • NEW YORK— Chipotle co-CEO Steve Ells said that half of the burrito chain's more than 2,100 restaurants have less-than-excellent customer service and that the company is now training employees to clean dirty napkins off tables, make sure the soda fountain is organized and keep the glass on its front doors free of fingerprints. In October, the Denver- based...

  • HOUSTON _ Powell Industries Inc. on Tuesday reported fiscal fourth-quarter net income of $5.5 million. On a per-share basis, the Houston- based company said it had profit of 48 cents. Powell Industries shares have increased 79 percent since the beginning of the year.

  • Dec 6- Payment processor Mastercard Inc said on Tuesday it would buy back class A shares worth $4 billion and raised its quarterly dividend. The new share repurchase program will be effective at the completion of the company's previously announced $4 billion share repurchase program, under which it has about $1.3 billion remaining. The company also increased...

  • GASOLINE FUTURES PARE LOSSES IN POST-SETTLEMENT TRADE AFTER API DATA SHOWS SMALLER-THAN-EXPECTED BUILD IN INVENTORIES.

  • WASHINGTON, Dec 6- President Barack Obama's legal defense of some key initiatives including his signature healthcare law is collapsing as courts put cases on hold until after President-elect Donald Trump, hostile to the policies, assumes office on Jan. 20. They also include Obama's executive action, put on hold by the Supreme Court in June, to spare from...

  • ACTON, Mass. _ SeaChange International Inc. on Tuesday reported a loss of $8.1 million in its fiscal third quarter. For the current quarter ending in January, SeaChange expects its per-share earnings to range from 5 cents to 10 cents. SeaChange expects full-year earnings in the range of 60 cents to 65 cents per share, with revenue ranging from $82 million to $84...

  • OIL PRICES PARE LOSSES BRIEFLY IN POST-SETTLEMENT TRADE AFTER API DATA SHOWS BIGGER-THAN-EXPECTED DRAW IN U.S.

  • DRAPER, Utah _ HealthEquity Inc. on Tuesday reported fiscal third-quarter earnings of $6 million. HealthEquity expects full-year earnings to be 38 cents to 42 cents per share, with revenue in the range of $174 million to $178 million. HealthEquity shares have climbed 63 percent since the beginning of the year.

  • BOSTON, Dec 6- Hedge fund manager Mick McGuire is taking his fight for change at casual restaurant chain Buffalo Wild Wings Inc directly to franchise owners, saying they could have better access to innovations and grow more if his ideas were implemented. The company's shares, down 0.5 percent at $169.95 in late afternoon trading on Tuesday, have risen 15 percent...