Wires

  • Dec 2- The U.S. Transportation Department said on Friday it granted flying rights to Norwegian Air Shuttle ASA's Irish unit, setting the stage for a new battle among airlines for leisure travelers across the Atlantic. The order finalizes a tentative ruling made by the department in April and comes shortly after the European Commission formally filed for...

  • PELLA, Iowa— Authorities say two of the three people killed when a pickup truck crashed into an Iowa Wal-Mart store were employees, while the third was shopping. Law enforcement officials said Friday that those killed in the Thursday morning crash were 31- year-old Carrie Zugg, of Leighton, and 29- year-old Lindsey Rietveld, of Bussey, both employees of the Pella...

  • CHICAGO, Dec 2- The junk-rated Chicago Public Schools on Friday announced a bigger, largely bond-financed capital budget a day after a veto by Illinois' governor put a $215 million hole in the district's budget. CPS said it added $600 million in projects to its fiscal 2017 capital plan, bringing the total to $938 million. On Thursday, Republican Governor Bruce...

  • Dec 2- The U.S. Transportation Department said on Friday it granted flying rights to Norwegian Air Shuttle ASA's Irish unit, setting the stage for a new battle among airlines for leisure travelers across the Atlantic. The order finalizes a tentative ruling made by the department in April. It comes shortly after the European Commission formally filed for...

  • ALEXANDRIA, Va.— A political donor and cable news commentator pleaded guilty Friday to federal criminal charges in what prosecutors described as a $30 million investment fraud scheme tied to his health-technology company. Sreedhar Potarazu, 51, an ophthalmogist from Potomac, Maryland, was appointed to serve on the credentials committee to this year's...

  • *Loonie touches its strongest since Oct. 21 at C $1.3254. TORONTO, Dec 2- The Canadian dollar notched a six-week high against its U.S. counterpart on Friday as domestic jobs rose for the fourth straight month and oil climbed, sustaining strength since OPEC's decision midweek to cut crude output. "Everything went well for the Canadian dollar this week," said Adam...

  • TRANSPORTATION DEPT FINALIZES APPROVAL FOR IRISH SUBSIDIARY OF NORWEGIAN AIR SHUTTLE TO FLY TO UNITED STATES- ORDER.

  • NEW YORK, Dec 2- Deutsche Bank AG has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense. The preliminary settlement was filed on Friday with the U.S. District Court in Manhattan, and requires a judge's approval.

  • NEW YORK— Municipal bond yields hit fresh highs again this week, continuing their strong climb since the U.S. presidential election. According to the AP Municipal Bond index, the 10- year muni yield was 2.810 percent as of 5 p.m. Eastern time Friday. Just a month earlier, it was 2.051 percent.

  • CHARLESTON, W.Va.— Environmentalists and the Pocahontas Land Corp. have agreed to settle a lawsuit over coal mine drainage into streams in southern West Virginia. The environmental groups say Pocahontas' former White Flame mountaintop-removal mine in Mingo County continues to discharge selenium, dissolved solids, sulfates and other pollutants into...

  • CHICAGO, Dec 2- U.S. corn and wheat futures firmed on Friday on bargain-buying a day after falling to multi-month lows, but both grains posted weekly declines reflecting swelling global supplies. Chicago Board of Trade March wheat settled up 8-3/ 4 cents at $4.04-1/ 4 per bushel and March corn ended up 4-3/ 4 cents at $3.47-1/ 4 a bushel. Expectations of record wheat...

  • TORONTO, Dec 2- Canada's main stock index eked out a small gain on Friday as miners rose as the price of gold climbed while energy stocks slipped after an OPEC deal earlier in the week propelled oil to its biggest weekly gain in years. The Toronto Stock Exchange's S&P/TSX composite index settled up 24.99 points, or 0.17 percent, at 15,052.52. "The trend is very...

  • WASHINGTON, Dec 2- President Barack Obama issued an executive order which prohibits China's Fujian Grand Chip Investment Fund from acquiring the U.S. business of German semiconductor equipment maker Aixtron, the Treasury Department said on Friday. The White House said it was blocking the deal following an assessment done by the Committee on Foreign...

  • WASHINGTON, Dec 2- The U.S. unemployment rate fell to a nine-year low of 4.6 percent in November, as employers added another 178,000 jobs, making it almost certain that the Federal Reserve will raise interest rates later this month. U.S. nonfarm payrolls increased by 178,000 jobs last month after increasing by 142,000 in October, the Labor Department said on...

  • Investors made a small move back to safer assets Friday afternoon after the government's November jobs report showed continued hiring, but weak wages. The S&P 500 fell 21.40 points, or 1 percent. The S&P 500 is up 148.01 points, or 7.2 percent.

  • Dec 2- A promising but risky new group of customized cancer drugs will be in focus this weekend at the annual meeting of the American Society of Hematology, where clinical trial results will help clarify their potential for doctors and investors. "Juno has dug themselves into such a deep hole," said Brad Loncar, manager of the Loncar Cancer Immunotherapy ETF.

  • Public Storage, up $1.62 to $209.48. Starbucks Corp., down $1.30 to $57.21. Smith& Wesson Holding Corp., down $2.88 to $21.10.

  • NEW YORK, Dec 2- The rally in regional U.S. bank stocks that followed last month's election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further. Smaller lenders could potentially add as much as 40 percent to their fourth-quarter 2017 earnings if Trump's promises of tax cuts and regulatory...

  • BRASILIA, Dec 2- Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologize to Brazilians for its involvement in the country's biggest ever corruption scandal. More than 70 of its executives, including family patriarch and Chairman Emilio Odebrecht and his jailed son and former CEO Marcelo...