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Wires

  • Senate Majority Leader Mitch McConnell and his lieutenants have worked in secret for weeks on the bill, which is expected to curb Obamacare's expanded Medicaid help for the poor and reshape subsidies to low-income people for private insurance. The subsidies are expected to be linked to recipients' income in the Senate bill, a "major improvement" from a measure...

  • *Initial claims rose by 3,000 last week. WASHINGTON, June 22- The number of Americans filing for unemployment benefits increased slightly last week, but remains at levels consistent with a tight labor market. Initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 241,000 for the week ended June 17, the Labor Department said on...

  • LONDON, June 22- Oil edged up from multi-month lows on Thursday, but prices remained under pressure from a supply glut that has persisted despite OPEC- led efforts to balance the market. Brent crude futures were up 43 cents at $45.25 a barrel at 1229 GMT, after falling as low as $44.53 earlier in the day. U.S. crude futures were up 30 cents at $42.83 a barrel, after also...

  • June 22- American Airlines Group Inc said on Thursday that Qatar Airways, the Gulf country's state-owned airline, had expressed interest in buying a 10 percent stake worth at least $808 million in the No.1 U.S. airline. The news comes just weeks after Qatar was engulfed in a diplomatic row with neighbor Saudi Arabia, which led other nations including Egypt, the...

  • JERUSALEM— An advocacy group representing an 83- year-old Holocaust survivor suing Israel's national airline for discrimination says it's won the case. It said an El Al flight attendant asked Rabinowitz to move from her seat next to an ultra-Orthodox Jewish man on a flight from Newark to Tel Aviv following his request. It says El Al was ordered to pay...

  • TOKYO, June 22- A hastily-assembled group of investors looks set to win the bid for Toshiba Corp's prized memory chip business, but a lack of clear leadership or industry clout is raising questions about who will take tough decisions about strategy and investment. After a fiercely contested, months-long auction, Toshiba on Wednesday said a consortium of...

  • to deliver tax reform plan in 2017@. *Republican ways and means chairman brady says lawmakers still on time to deliver tax reform plan in 2017. *Brady says next key step on tax reform will be passing budget in congress Source text for Eikon: Further company coverage: 1/ 8 3/ 8.

  • NEW YORK _ Barnes& Noble Inc. on Thursday reported a loss of $13.4 million in its fiscal fourth quarter. On a per-share basis, the New York- based company said it had a loss of 19 cents. For the year, the company reported net income of $22 million, or 30 cents per share, swinging to a profit in the period.

  • NEW YORK— Qatar Airways is attempting to buy a 10 percent stake in American Airlines, triggering U.S. antitrust oversight over deals of such size. Qatar submitted a filing under the Hart-Scott-Rodino Act, which is subject to review by the Justice Department's Antitrust Division. Qatar plans to buy at least $808 million in common stock.

  • WASHINGTON— Slightly more people sought US unemployment benefits last week, but the number of applications remained at a historically low level that suggests the job market is healthy. THE NUMBERS: The Labor Department says weekly applications rose 3,000 to a seasonally adjusted 241,000. The less-volatile four-week average ticked up 1,500 to 244,750..

  • *Norwegian crown climbs after Norges Bank removes easing bias. *Little sign of concern at appreciation from Reserve Bank. LONDON, June 22- The Norwegian crown and the New Zealand dollar were the main movers in an otherwise dormant market in major global currencies on Thursday, both getting a lift on talk from the policy meetings of their countries' respective...

  • June 22- American Airlines Group Inc said on Thursday Qatar Airways had expressed interest in buying a 10 percent stake in the U.S. airline. Qatar Airways intends to buy a stake worth at least $808 million, American Airlines said in a regulatory filing. Shares of American Airlines rose 4.8 percent to $50.77 in premarket trading.

  • June 22- Tropical storm Cindy moved inland near the Louisiana- Texas border on Thursday morning, bringing heavy rainfall and life-threatening conditions over the northern Gulf Coast, the U.S. National Hurricane Center said. "Life-threatening" flash flooding was possible as the storm could drop three to six inches of rain and as much as 12 inches in some parts of...

  • June 22- Trading in the U.S.-listed shares of Sears Canada Inc was halted on Thursday pending news, two days after reports the Canadian retailer was preparing to seek court protection against creditors in the coming weeks. The retailer, controlled by billionaire Eddie Lampert, last week flagged doubts about its ability to continue as a going concern and said it...

  • PARIS, June 22- Boeing won a red hot race for new business at the Paris Airshow, rolling out a new model of its best-selling 737 airliner that helped it claim back the order crown from rival Airbus. "The MAX stole the show," Ihssane Mounir, vice president of sales and marketing at Boeing's commercial aircraft division, told journalists. In a late flurry on Thursday...

  • DOHA, June 22- Executives working on a three-way bank merger in Qatar to create the country's second largest lender expect to finish valuing the deal in the coming weeks and aim to complete it by the end of the year, sources familiar with the matter said. Shareholders at Masraf Al Rayan, Barwa Bank and International Bank of Qatar were committed to pushing ahead with...

  • PARIS— Boeing flew past Airbus in the race for plane orders at this year's Paris Air Show, thanks to a surge in interest in the newest version of the 737.. Boeing reported Thursday it registered firm orders or promised orders for 571 planes this week, worth $74.8 billion at list prices. Airbus won a late boost from two big orders from Iran, which is expanding its...

  • *Graphic of China iron ore imports vs spot price: http://tmsnrt.rs/2tv98AD. The spot price ended at $56.82 a tonne on Wednesday, down 28 percent from the start of the year and 40 percent from a peak of $94.86 on Feb. 21. Chinese domestic iron ore futures have fared some better, with Dalian Commodity Exchange contracts slipping 8.1 percent so far this year to...

  • Sears, which had a market value of C $63.5 million as of Wednesday, warned last week about its ability to continue as a going concern.

  • The company now expects full-year adjusted earnings per share of $5.84 to $5.91, compared with a previous forecast of $5.70 to $5.87. Accenture's net revenue climbed 5.1 percent to $8.87 billion in the third quarter ended May 31, beating analysts' average estimate of $8.83 billion, according to Thomson Reuters I/B/E/S. Net income attributable to Accenture...