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Wires

  • NEW YORK, March 24- The death of the Republican healthcare reform may not prove to be the knife to the heart of the bull market some had feared, but to keep the Trump Trade alive investors should temper expectations for the breadth of expected tax cuts. "The market believes it raises the probability of a tax cut later this year since Trump is showing more strategic...

  • SAO PAULO, March 24- The ousted chief executive officer of Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA said on Friday he did not violate company polices during negotiations over ways to tap cash from a subsidiary last year. Seven of Usiminas' 11- member board voted to dismiss Romel de Souza on Thursday, and replaced him with Sérgio Leite, a...

  • SAO PAULO, March 24- Brazilian miner Vale SA said on Friday the United States District Court for the Southern District of New York annulled nearly all parts of a class action lawsuit against the company and executives over the collapse of a tailings dam in Brazil in 2015..

  • NEW YORK, March 24- A federal judge on Friday held United Parcel Service Inc liable for having illegally shipped hundreds of thousands of cartons of untaxed cigarettes in New York, depriving the state and New York City of millions of dollars of taxes. District Judge Katherine Forrest in Manhattan said the state and city are entitled to compensatory damages and...

  • NEW YORK, March 24- American International Group Inc executives have been meeting with investors and analysts to build confidence in the insurer and its turnaround plan amid uncertainty over a replacement for outgoing Chief Executive Officer Peter Hancock. Chief Financial Officer Sid Sankaran, commercial insurance head Robert Schimek and consumer...

  • RIVERSIDE, Calif., March 24- California on Friday approved vehicle pollution targets that the Trump administration last week put on hold, setting up a potential face-off between federal and state regulators that could be expensive for automakers and a headache for consumers. Board Chair Mary Nichols invited the auto industry to suggest implementation...

  • NEW YORK— A federal judge has ruled that delivery giant United Parcel Service Inc. ignored red flags that its brown trucks were being used to transport untaxed cigarettes from Indian reservations. District Judge Katherine Forrest found the company liable in a ruling Friday in a civil case in Manhattan federal court. New York state and New York City sued...

  • RIVERSIDE, Calif.— The Latest on California's car-emission standards:. California air regulators have voted to keep the state's tougher car-emissions standards through 2025 and further expand the market for zero-emission vehicles in the years ahead. While the U.S. Environmental Protection Agency under the Obama administration also recently came out in...

  • March 24- Schlumberger NV said on Friday it would form a joint venture with Weatherford International Plc to deliver oilfield products and services for unconventional resource plays in the United States and Canada. The oilfield equipment maker will get a one-time $535 million cash payment from Schlumberger, the companies said in a joint statement.

  • Trump suffers a stunning political setback in a Congress controlled by his own party when Republican leaders pull legislation to overhaul the U.S. healthcare system, a major 2016 election campaign promise of the president and his allies. The partisan divide over the House Intelligence Committee's probe of Russian interference in the U.S. presidential...

  • TORONTO, March 24- The Canadian dollar weakened on Friday against its U.S. counterpart as tame domestic inflation dampened pressure on the Bank of Canada to turn more hawkish, while CFTC data showed a sharp swing by speculators to bearish bets against the loonie. Canada's annual inflation rate dipped to 2.0 percent in February from 2.1 percent in January.

  • WASHINGTON/ CALGARY, Alberta, March 24- U.S. "We've got some work to do in Nebraska to get our permits there," Girling replied. Trump announced the presidential permit for Keystone XL at the White House with Girling and Sean McGarvey, president of North America's Building Trades Unions, standing nearby.

  • Republican leaders of the House of Representatives pulled the legislation due to a shortage of votes despite desperate lobbying by the White House and its allies in Congress, ensuring that Trump's first major legislative initiative since taking office on Jan. 20 ended in failure. We learned a lot about the vote-getting process, "Trump told reporters at the...

  • NEW YORK, March 24- U.S. oil refining executives met with a senior official in President Donald Trump's administration at the White House last week to argue their position for an overhaul of the nation's biofuels program, two people in the meeting told Reuters. While it is not unusual for the White House to meet with stakeholders on key issues, the meeting is a sign...

  • Micron Technology Inc., up $1.96 to $28.43. SeaWorld Entertainment Inc., up 82 cents to $18.13. GameStop Corp., down $3.26 to $20.70.

  • WASHINGTON— Once again, "Obamacare" has survived a near-death experience. It was the latest attempt to undo the Affordable Care Act, which already beat two Supreme Court challenges. The ACA has added coverage in two main ways: a Medicaid expansion to cover more low-income adults, and subsidized private health insurance through online markets such as...

  • SANTIAGO, March 24- The end of a historic strike at Chile's Escondida copper mine, the world's biggest, has left its owner, BHP Billiton, nursing an estimated $1 billion loss and probably in a weaker position for negotiations in a year or so, company and industry insiders said. On Thursday, the 2,500- member union at the mine decided to end the strike after 43 days by...

  • Investors didn't trade much as they waited for answers about the state of President Donald Trump's business-friendly agenda. The Russell 2000 index of smaller-company stocks picked up 1.22 points, or 0.1 percent, to 1,354.64. The S&P 500 lost 34.27 points, or 1.4 percent.

  • MEXICO CITY, March 24- Mexico's top poultry producer Bachoco has begun the recall of some 1 million pounds of breaded products from its U.S. unit OK Foods that it said were possibly contaminated with metal, the company said in a statement on Friday. Bachoco said the recalled products were produced in its Oklahoma City factory and that it had not confirmed reports...

  • *Republicans pull bill to dismantle Obamacare. NEW YORK, March 24- U.S. shares pared losses to end slightly lower on Friday after Republicans pulled their bill to overhaul the U.S. healthcare system due to a shortage of votes, dealing a blow to U.S. S&P 500 stock index ended a touch lower after falling as much as 0.4 percent earlier, before a House Republican...