Wires

  • JUSTICE DEPARTMENT SAYS COSTCO TO PAY $11.75 MILLION TO SETTLE ALLEGATIONS OF LAX PHARMACY CONTROLS.

  • AVAILABILITY AND PRICING TO PATIENTS OF AUVI-Q FOR ALLERGIC REACTIONS; CASH PRICE FOR AUVI-Q IS $360.

  • DETROIT, Jan 19- The top executive at Union Pacific Corp said on Thursday that the No. 1 U.S. railroad remains opposed to mergers between major railroads in the United States. Union Pacific CEO Lance Fritz told Reuters that "we still think Class 1 mergers in the United States are not a good idea." CSX shares rose nearly 19 percent on Thursday on the news of talks between...

  • SAO PAULO, Jan 19- Leading shareholders of Vale SA are close to endorsing a plan to turn the world's No. 1 iron ore producer into a company with dispersed share ownership within six years, two people familiar with the talks said. Bradespar SA, Mitsui& Co and several Brazilian pension funds are negotiating a new shareholder accord that would give Vale dispersed share...

  • WASHINGTON, Jan 19- U.S. regulators said on Thursday they found no evidence of any defects in Tesla electric cars after investigating the death of a man whose Model S collided with a truck while he was using its Autopilot system, the first fatality involving semi-autonomous driving software. The U.S. National Highway Traffic Safety Administration said in a...

  • TORONTO, Jan 19- Canadian underwater energy storage company Hydrostor is eyeing $1 billion of contracts to replace decommissioned U.S. peak power plants in the next two or three years, its chief executive said. "We are now by far the lowest cost storage solution, we can be built at scale, we've got our partnerships in place and we're going to start marketing it here in...

  • NEW YORK, Jan 19- A lawyer for a portfolio manager at Visium Asset Management LP urged jurors on Thursday to acquit him of charges that he fraudulently sought to inflate the valuation of a bond fund, telling them he had no incentive to do so. In his closing argument in Manhattan federal court, lawyer Eric Creizman challenged prosecutors' claims that greed drove...

  • President-elect Donald Trump officially announced Sonny Perdue as his choice for secretary of agriculture on Thursday, selecting a former Georgia governor over candidates from the Midwest states that dominate U.S. agricultural exports. He served two terms as Georgia governor from 2003 to 2011. Georgia accounted for just 2 percent of total U.S. agriculture...

  • Treasury Secretary nominee Steven Mnuchin said on Thursday it was important to maintain a strong dollar in the long term, adding that President-elect Donald Trump's recent comments that the currency was too strong were focused on short-term impacts. "When the president-elect made a comment on the U.S. currency, it wasn't meant to be a long-term comment,"...

  • Jan 19- U.S. stocks fell on Thursday, with the Dow on track to mark its fifth day of losses as investors stayed away from making risky bets ahead of Donald Trump's swearing-in as president on Friday. The markets are also digesting a clutch of information including the European Central Bank's decision to maintain its monetary policy, while awaiting a speech by...

  • WASHINGTON— Federal consumer finance regulators said Thursday they were suing TCF Financial Corp., alleging the bank deceived consumers so it could charge them exorbitant overdraft fees. Running as much as $35 per overdraft, the fees comprised a $180 million per year income stream for TCF, a bank with $21 billion in assets and with 360 branches in eight states.

  • SAN RAFAEL, Calif. _ Westamerica Bancorp on Thursday reported fourth-quarter earnings of $14.5 million. The holding company for Westamerica Bank posted revenue of $44.8 million in the period. Westamerica shares have decreased 8 percent since the beginning of the year.

  • WASHINGTON, Jan 19- Rick Perry, President-elect Donald Trump's pick to run the U.S. Energy Department, said during his Senate confirmation hearing on Thursday that global warming caused by humans is real, but that efforts to combat it should not cost American jobs. The comment marks a shift for the former Texas governor who had previously called the science...

  • WASHINGTON, Jan 19- U.S. homebuilding rebounded sharply in December as a firming economy boosts demand for rental housing, while an unexpected drop in the number of Americans filing for unemployment benefits last week pointed to a further tightening in the labor market. The reports came as Republican Donald Trump prepared to be sworn in as president on Friday,...

  • WASHINGTON, Jan 19- The U.S. Treasury will enforce all sanctions against Russia unless a deal were reached between Washington and Moscow, President-elect Donald Trump's nominee to run the department said on Thursday. Asked during a Senate confirmation hearing if he was committed to enforcing existing sanctions against Russia, Treasury Secretary nominee...

  • NEW YORK, Jan 19- Interest rates on U.S. 30- year fixed-rate mortgages declined for the third straight week to their lowest since early December, mortgage finance agency Freddie Mac said on Thursday. The borrowing cost on 30- year mortgages, the most widely held type of U.S. home loan, averaged 4.09 percent in the week ended on Jan. 19, down from 4.12 percent in the...

  • LONDON, Jan 19- Just in time for his inauguration, London- based fintech firm Trading.co.uk is launching an app that will generate trading alerts for shares based on comments made on social media by Donald Trump. Comments earlier this week on China moved the dollar and a pair of December tweets sent the share prices of Lockheed Martin and Boeing spiralling lower.

  • AGENCY CONFIRMS IT IS CLOSING TESLA MOTORS AUTOPILOT DEATH INVESTIGATION WITHOUT DEMANDING RECALL.

  • NEW YORK, Jan 19- U.S. crude inventories rose unexpectedly last week as refineries sharply slowed production, while gasoline stocks soared amid weak demand, the Energy Information Administration said on Thursday. U.S. crude and Brent tumbled to session lows of $51.24 and $54.05 per barrel respectively after the data. Refinery runs dropped precipitously amid...

  • *Rising U.S. shale output to balance OPEC, non- OPEC cuts. NEW YORK, Jan 19- Oil prices rose on Thursday, but swelling crude stockpiles in the United States limited the rebound from a one-week low after the International Energy Agency said oil markets had been tightening even before cuts agreed by OPEC and other producers took effect. The IEA said that while it was "far...