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Wires

  • MUMBAI/ NEW DELHI, March 1- Singapore sovereign wealth fund GIC is in talks to buy a 40 percent stake in a property rental company owned by India's biggest listed real estate developer DLF Ltd, DLF said on Wednesday. As of end-December, DLF Cyber City Developers had nearly 30 million square feet of leased space including information technology parks and malls in...

  • The amount of commercial bank loans to state and local governments has more than doubled since the financial crisis, increasing from $66.5 billion at the end of 2010 to $153 billion by the end of 2015, according to the SEC. The SEC said it will seek public comment on the proposal before taking its final action. The National Federation of Municipal Analysts in...

  • WASHINGTON— The Federal Reserve says the U.S. economy has been growing at a moderate pace, helped by sustained gains in consumer spending. The Fed says that its latest survey of economic conditions around the country found that the Fed's 12 regional banks all depicted growth as either "modest or moderate" from January through mid-February.

  • BUENOS AIRES, Argentina— A prosecutor in Argentina is launching an investigation into allegations President Mauricio Macri improperly granted routes to Colombia's Avianca airlines, which recently purchased a company from his family. Opposition lawmakers have questioned the recent sale of Macair Jet to Avianca. Avianca also recently won route...

  • DETROIT, March 1- February U.S. auto sales, an indicator of consumer spending, fell slightly even as automakers stepped up discounting to sustain sales, major manufacturers reported on Wednesday. Shares in the Detroit automakers, General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV all rose as the broader market soared more than 1 percent.

  • Trump shows a different side in his first address to Congress: part dealmaker, part salesman, asking for unity, not so combative and trying to repackage his populist message in more palatable terms. Trump will target a handful of Obama-era green regulations, including a federal coal mining ban and an initiative forcing states to cut carbon emissions, in an...

  • SANTIAGO, March 1- A three-week-long strike at Chile's Escondida, the world's biggest copper mine, turned ugly on Wednesday when a group of striking workers blocked a highway, provoking confrontations with the police. Escondida's approximately 2,500 unionized workers began a strike on Feb. 9 after contract talks with mine owner BHP Billiton failed, boosting...

  • March 1- A federal appeals court has thrown out a jury verdict that had originally required Apple Inc to pay $533 million to Smartflash LLC, a technology developer and licenser that claimed Apple's iTunes software infringed its data storage patents. The trial judge vacated the large damages award a few months after a Texas federal jury imposed it in February...

  • As of 12:27 p.m. CST, Chicago Board of Trade May wheat was up 8-1/ 2 cents at $4.52-1/ 4 per bushel. Wheat posted the biggest advance by percentage, buoyed by news on Tuesday that Egypt's main state wheat buyer, the General Authority for Supply Commodities, purchased 535,000 tonnes of wheat at an international tender. "We look at the surge in Egypt's buying interest as...

  • March 1- Facebook Inc's virtual reality unit Oculus said on Wednesday it has cut the all-in price for its Rift and Touch products by $200. "We believe this lower entry price will attract consumers to PC VR at a faster pace," Jason Rubin, Oculus' vice president of content said. Rift used to retail for $599 while Touch for $199.

  • President Donald Trump will target a handful of Obama-era green regulations, including a federal coal mining ban and an initiative forcing states to cut carbon emissions, in an executive order as soon as next week, a White House official told Reuters on Wednesday. Trump and his fellow Republicans who control Congress are seeking to unravel former Democratic...

  • "We are in a world where growth in conventional consumer packaged goods has slowed dramatically and everyone is looking for the next growth engine," Chief Executive Paddy Spence told Reuters. Zevia holds 90 percent of the natural zero-calorie soda market in the United States, according to data from a joint study by research firms SPINS and IRI last year.

  • President Donald Trump will target a handful of Obama-era green regulations, including a federal coal mining ban and an initiative forcing states to cut carbon emissions, in an executive order as soon as next week a White House official told Reuters on Wednesday. Trump and his fellow Republicans who control Congress are seeking to unravel former Democratic...

  • BERLIN, March 1- The local government owner of German airport Hahn has decided to sell the loss-making airport in western Germany to acquisitive Chinese conglomerate HNA, it said on Wednesday. The previous bidder, also from China, had wanted to use Hahn, around 120 kilometres from Frankfurt, as a base for food exports from Germany to Asia, as well as boost passenger...

  • TORONTO, March 1- Noranda Income Fund said on Wednesday it was deferring its 2017 zinc production and sales forecasts due to an ongoing strike by workers at its Quebec processing plant, the second-largest in North America. "We're waiting for management to call us," said USW Local 6486 President Manon Castonguay, adding that no meetings are currently scheduled.

  • ATHENS, Greece— About 1,500 people have held a peaceful anti-austerity protest outside an Athens hotel where Greek officials are holding bailout talks with the country's creditors. Wednesday's protest was organized by a labor union affiliated with the Communist Party, which strongly opposes the bailouts that have kept Greece afloat since 2010 and ushered...

  • WASHINGTON, March 1- U.S. consumer spending cooled in January as demand for automobiles and utilities fell, but inflation recorded its biggest monthly increase in four years, raising the probability of an interest rate hike from the Federal Reserve this month. "A weak start to the year for consumers suggests a downside risk to first-quarter growth prospects,...

  • BOSTON, March 1- State Street Corp., one of the world's biggest players in the business of restructuring investment portfolios, is shutting its transition management operations in London and Hong Kong and eliminating 20 jobs. Boston-headquartered State Street does not say how many people work in transition management worldwide, noting only that 2,300...

  • MINNEAPOLIS _ Winmark Corp. on Wednesday reported fourth-quarter earnings of $6.2 million. The Minneapolis- based company said it had profit of $1.41 per share. Winmark shares have fallen slightly more than 9 percent since the beginning of the year.

  • The governor's projections take into account cost-saving reforms through laws and executive orders he has signed this year, said Gerardo Portela, director of Puerto Rico's Fiscal Agency& Financial Advisory Authority, in an interview on Wednesday. A requirement of the federal Puerto Rico rescue law known as PROMESA, the plan will form the basis of upcoming...