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Wires

  • U.S. student loans outstanding, which reached a record $1.31 trillion in 2016, have raised concerns about their drag on consumer spending and homeownership, according to analysts. "These new policies provide three flexible payment solutions to future and current homeowners and, in turn, allow lenders to serve more borrowers," Jonathan Lawless, Fannie Mae's...

  • WASHINGTON, April 25- President Donald Trump's two tax policy chiefs were slated to go to Capitol Hill late on Tuesday to meet with top lawmakers as Washington dug for details on an impending Trump tax plan. One veteran tax lobbyist said Congress and the White House were still likely to strike a tax deal this year. Meeting Mnuchin and Cohn along with McConnell will...

  • WASHINGTON, April 25- Two U.S. Senate Democrats are asking a U.S. audit watchdog to review whether KPMG failed to disclose or prevent fraud when it audited Wells Fargo's books during the time period that the bank's sales force was opening two million unauthorized accounts. In an April 25 letter to Public Company Accounting Oversight Board Chairman James Doty,...

  • MEXICO CITY— The World Trade Organization says Mexico's tuna industry has been harmed by U.S. Tuesday's WTO decision finds that Mexico's economic damages from the labeling rules are $163 million per year. Mexico's statement said its tuna industry meets "the highest international standards for the protection of dolphins and sustainability."

  • PONTE VEDRA BEACH, Fla./ BOSTON, April 25- Wells Fargo& Co shareholders showed displeasure with the scandal-hit bank's board on Tuesday, offering scant support for a dozen directors, including Chairman Stephen Sanger, in a vote capping a contentious annual meeting. "Wells Fargo stockholders today have sent the entire Board a clear message of dissatisfaction,"...

  • LANSING, Mich.— Michigan is poised to join a growing list of states that are making it a crime to attack aircraft with lasers, which endanger pilots and passengers. Legislation approved Tuesday by the state Senate would make it a five-year felony to intentionally shine a laser at an aircraft, similar to a stiff federal law. The bills could soon reach Gov.

  • *Wall Street climbs, Nasdaq tops 6,000 mark. Wall Street gained as concerns about France's election waned and investors cheered earnings from companies such as McDonald's Corp, up 5.4 percent, and Caterpillar Inc, up 7.6 percent. "They are leading the train today," said Ken Polcari, director of the NYSE floor division at O'Neil Securities in New York.

  • ROSS SAYS DOES NOT THINK THERE WILL BE A TRADE WAR WITH CANADA.

  • ROSS SAYS LACK OF FAST-TRACK AUTHORITY HAS STALLED U.S.

  • GENEVA, April 25- Mexico can impose annual trade sanctions worth $163.23 million against the United States after winning a dispute over trade in tuna fish, a World Trade Organization arbitrator ruled on Tuesday. The sanctions award was only a third of the $472.3 million Mexico had asked for. Mexico's complaint, which dates back to 2008, focused on U.S. rules on "...

  • U.S. 3O-YEAR TREASURY BOND YIELDS TOUCH TWO-WEEK HIGHS.

  • TORONTO, April 25- Freeport-McMoRan Inc missed earnings expectations, cut its outlook and warned on Tuesday it would be difficult to secure a long-term Indonesian mining permit, but investors sent its stock soaring on relief over a temporary export resumption. New rules in Indonesia require miners to divest a 51 percent stake, relinquish arbitration rights...

  • ROSS SAYS ADMINISTRATION HOPES TO GET FAST-TRACK TRADE PROMOTION AUTHORITY GRANTED BY CONGRESS AS SOON AS POSSIBLE.

  • WASHINGTON— Emboldened by a business-friendly president, Republicans in Congress are moving to unwind the stricter regulations that took effect after the 2008 financial crisis and Great Recession. While passage by the GOP- controlled House could come in a few months, the Senate— where Republicans have only 52 of 100 seats— poses an obstacle.

  • But Elliott fired back, describing the offer as a "sign of desperation" and calling the board "entrenched" amid the drama around the bizarre circumstances behind last week's sudden resignation of its Chief Executive and Chairman Klaus Kleinfeld. Elliott originally nominated directors for all five spots but has reduced its slate to four because existing...

  • WASHINGTON— The Latest on President Donald Trump's tax plan:. A new congressional estimate could upend President Donald Trump's tax plan even before he releases it. President Donald Trump plans to stick with his campaign pledge to slash the corporate tax rate from 35 percent to 15 percent, but the dramatic cut raises a problematic question for the White House:...

  • BOSTON/ DETROIT, April 25- Greenlight Capital, which has been pressuring General Motors Co to restructure its share class, said on Tuesday it believed the automaker's shareholders "will vote with their wallets" on the hedge fund's two-class stock proposal and slate of board nominees. In a broad-ranging letter to investors about the first quarter of 2017 seen by...

  • The Japanese tech company is in the middle of a conflict with PwC Aarata over recent results and governance issues at Westinghouse Electric, its American nuclear subsidiary. Massive cost overruns at four nuclear reactors being constructed by Westinghouse in the Southeastern United States have forced Toshiba to estimate a $9 billion annual net loss and...

  • ATHENS, Greece— Greek Prime Minister Alexis Tsipras says his government is aiming to return to international bond markets this year after the current round of bailout negotiations is concluded. Bailout inspectors from the International Monetary Fund and European Union institutions returned to Athens this week to try to hammer out an agreement in late May...

  • NEW YORK, April 25- JetBlue Airways Corp said it is postponing delivery of 13 aircraft scheduled for 2019 and 2020, and has swapped its 2018 Airbus order of A321neos to 11 A321ceos, which have an earlier engine design. In its first quarter earnings call, JetBlue said it was deferring eight aircraft from 2019 to 2023 and five aircraft from 2020 to 2024..