Wires

  • SAO PAULO, Aug 25- A voluntary layoff program at state-run oil company Petroleo Brasileiro SA has been accepted by 6,100 employees, a source with direct knowledge of the matter told Reuters. The number may rise by month-end, the deadline for the plan proposed by the oil giant known as Petrobras. Around 12,000 employees, or 21 percent of its workforce, are eligible.

  • BRAZILIAN POLICE INVESTIGATOR RESPONSIBLE FOR LOCHTE CASE SUGGESTS SWIMMER BE DEPOSED IN THE UNITED STATES.

  • The list price of the drug will remain the same, but the company said it would increase the maximum copay assistance program to $300 from $100 for patients who pay for the 2- pak in cash or who are covered by a commercial health insurer. The price of EpiPen has skyrocketed to $600 from $100 since it was acquired by Mylan in 2007.. Ronny Gal, an analyst with Bernstein,...

  • NEW YORK— There could be turbulence for travelers during the multibillion-dollar renovation of New York's LaGuardia Airport. Vice President Joe Biden said the aging LaGuardia reminded him of a "Third World country"— and that was before a massive traffic tie-up related to a $4 billion overhaul prompted passengers to abandon their cabs and cars and walk to the...

  • OTTAWA, Aug 25- A dispute over C $2 billion worth of Canadian canola exports to China intensified on Thursday when Beijing criticized Ottawa's insistence that bilateral relations could not improve until the matter is settled. "We oppose linking a concrete issue of bilateral trade with China- Canada relations," the Chinese embassy in Ottawa said by email.

  • NEW YORK, Aug 25- A Texas jury said on Thursday a General Motors Co ignition switch was not to blame for a fatal 2011 crash, according to a statement from the company. The verdict in Harris County, Texas, is the second in favor of GM this year in a lawsuit over a recalled ignition switch that has been linked to nearly 400 injuries and deaths. Plaintiff Zachary Stevens...

  • NEW YORK/ HOUSTON, Aug 25- LyondellBasell Industries NV has retained Bank of America Merrill Lynch to help with the potential sale of its 263,776 barrel-per-day refinery in Houston, according to two people familiar with the talks. The Houston unit is a significant Gulf Coast refinery that can run a wide variety of crude oils, from light Bakken to heavier grades...

  • Aug 25- Days after losing all his major sponsors, American swimmer Ryan Lochte signed an endorsement deal with a company that made light of the scandal involving the U.S. Lochte lost all four of his major sponsors on Monday, including Speedo USA and Ralph Lauren Corp, following his apology for an "exaggerated" story about being robbed at gunpoint in Rio.

  • JACKSON HOLE, Wyo., Aug 25- As central bankers converge on this mountain resort Thursday for an annual conference on monetary policy, a couple of top Federal Reserve officials took the chance to renew a push for interest-rate hikes, citing improvement in employment and inflation. "The case is strengthening" for a rate hike, Dallas Fed President Robert Kaplan told...

  • Swimmer Ryan Lochte has a new sponsor— Pine Bros. Softish Throat Drops— that says customers should give Lochte "a second chance" after a drunken incident during the Rio Olympics. Lochte had lost four major sponsors Monday, including Speedo USA and Ralph Lauren, over what happened in Rio.

  • WASHINGTON, Aug 25- Volkswagen AG has agreed to spend more than $1.2 billion to compensate its 650 U.S. dealers for their losses from the German automaker's diesel emissions scandal, two sources briefed on the matter said on Thursday. "We believe this agreement in principle with Volkswagen dealers is a very important step in our commitment to making things right...

  • Jude Medical Inc fell sharply on Thursday after short-selling firm Muddy Waters said it had placed a bet that the shares would fall, claiming its implanted heart devices were vulnerable to cyber attacks. Muddy Waters head Carson Block said the firm's position was motivated by research from a cyber security firm, MedSec Holdings Inc, which has a financial...

  • CALGARY, Alberta _ Antrim Energy Inc. on Thursday reported a second-quarter loss of $2 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Calgary, Alberta- based company said it had a loss of 1 cent. Keywords: Antrim Energy, Earnings Report.

  • *U.S. Navy fired warnings shots after approach by Iran craft. NEW YORK, Aug 25- Oil prices rose 1 percent on Thursday on U.S.- Iran military tensions in the Gulf and speculation the dollar will fall on a monetary policy speech due from the U.S. The market, however, gave back some gains after an interview by Saudi Arabia's energy minister with Reuters raised fresh...

  • NEW YORK— Stocks closed lower on Thursday, led by declines in health-care companies as investors worry about a backlash in Washington against recent price increases for key drugs. A few retailers reported disappointing earnings, and that helped push down consumer discretionary stocks. The losses were modest as major indexes hover near record highs hit last...

  • NASSAU, Bahamas _ Ultrapetrol Ltd. on Thursday reported a loss of $12.8 million in its second quarter. On a per-share basis, the Nassau, Bahamas- based company said it had a loss of 9 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK, Aug 25- A Texas jury on Thursday said a General Motors Co ignition switch was not to blame for a fatal 2011 crash, according to a statement from the company. The verdict in Harris County, Texas, is the second in favor of GM this year in a lawsuit over a recalled ignition switch that has been linked to nearly 400 injuries and deaths. Plaintiff Zachary Stevens...

  • WASHINGTON, Aug 25- The U.S. Federal Aviation Administration briefly halted flights at Miami International and nearby airports around 11:30 a.m. EDT on Thursday following a five-minute power outage at Miami's Terminal Radar Approach Control, a spokeswoman said. Flight operations returned to normal after about 90 minutes, the FAA said.

  • BOULDER, Colo. _ Zayo Group Holdings Inc. on Thursday reported a fiscal fourth-quarter loss of $30.9 million, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 1 cent per share. Zayo Group shares have increased 10 percent since the beginning of the year.