×

Wires

  • PARIS/ SINGAPORE, June 29- U.S. spring wheat futures charged to a new three-year high on Thursday as investors anticipated parched conditions in the northern U.S. The latest gains for spring wheat prices on the Minneapolis Grain Exchange also triggered a sharp rise in Chicago wheat futures, the benchmark for global wheat markets. U.S spring wheat futures were up...

  • *IPO to value Delivery Hero at 4.4 bln euros. BERLIN, June 29- Loss-making online food takeaway firm Delivery Hero will list on Friday in a flotation that values one of Europe's largest Internet startups at 4.4 billion euros as investors bet on a rapid shift to ordering on apps. GrubHub and Just East are both profitable.

  • *Novartis, Merck drugs offer new weapons in heart disease. LONDON, June 29- Novartis and Merck have both surprised experts in the past week by finding new ways to tackle heart disease, although the jury remains out as to whether this scientific success will translate into blockbuster sales. Detailed data on both Novartis's canakinumab and Merck's anacetrapib...

  • June 29- Shares of the top six U.S. banks rose in premarket trading on Thursday, a day after the Federal Reserve approved the banks' plans to raise dividend payouts and share buybacks under its annual stress test program. Morgan Stanley was up 2.7 percent, Citigroup Inc 2.6 percent, Bank of America Corp 2.4 percent, JPMorgan Chase& Co 2 percent, Wells Fargo& Co 1.7...

  • CAMP HILL, Pa. _ Rite Aid Corp. on Thursday reported a loss of $75.3 million in its fiscal first quarter. On a per-share basis, the Camp Hill, Pennsylvania- based company said it had a loss of 7 cents. Keywords: Rite Aid, Earnings Report.

  • DEERFIELD, Ill. _ Walgreens Boots Alliance Inc. on Thursday reported fiscal third-quarter earnings of $1.16 billion. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share. Walgreens expects full-year earnings in the range of $4.98 to $5.08 per share.

  • LONDON— The Latest on the U.K.' s examination of Twenty-First Century Fox's takeover bid for network Sky:. Britain's government has referred Twenty-First Century Fox's takeover bid for European cable TV network Sky for more examination citing public interest concerns. Britain's culture secretary is preparing to rule on whether Twenty-First Century Fox can...

  • June 29- Drugstore chain Walgreens Boots Alliance Inc said on Thursday it terminated its agreement to buy Rite Aid Corp, and would instead buy 2,186 Rite Aid stores and some distribution centers for $5.18 billion in cash.

  • *Oil to continue trading near $45/ barrel- Goldman Sachs. LONDON, June 29- Oil prices rose to a two-week high on Thursday, extending a rally into a sixth straight session after a decline in weekly U.S. production eased concerns about deepening oversupply. Global benchmark Brent crude futures were up 35 cents at $47.66 a barrel at 1058 GMT, having touched a two-week...

  • LONDON, June 29- As far as financial markets are concerned, especially equities, the first half of the year has witnessed the curious phenomenon of reflation without the inflation. Markets continue to defy gravity thanks to nearly a decade of unprecedented central bank stimulus, but economic recovery and record low unemployment across the developed world...

  • And when professional care is required, it usually is paid for by Medicaid, which covers 62 percent of long-term care in the United States, according to the Kaiser Family Foundation. That may surprise people who think of Medicaid as a social safety net for the poor. Medicaid has been a critical safety net for 50 years for people who have depleted their life savings,...

  • LONDON, June 29- Europe's steady exports of gasoline to the United States have slowed substantially this year as tanks filled in the world's largest consumer nation and once-meteoric demand growth slowed. The drop in gasoline shipments to the densely populated U.S. East Coast is forcing European exporters to turn to less steady buyers in West Africa and...

  • SAN FRANCISCO, June 29- Peer at the instrument panel on your new car and you may find sleek digital gauges and multicolored screens. What's at stake is a piece of the $37- billion cockpit electronics market, estimated by research firm IHS Market to nearly double to $62 billion by 2022. Meanwhile, the number of suppliers for those components is likely to dwindle as...

  • TORONTO, June 29- Gabriel Resources Ltd will seek $4.4 billion in damages from Romania for losses related to its long-stalled Rosia Montana gold mine project in a claim that the Canadian miner plans to file Friday with a World Bank Tribunal. Gabriel, whose project has been in the works for 18 years, will argue that Romania violated several investment treaty...

  • *Beef is fastest-growing meat sector in China. *China beef imports worth $2.6 billion in 2016. BEIJING, June 29- China's top online retailers and U.S. superstore giant Walmart are scrambling to satisfy the voracious appetites of consumers excited about the first American beef to arrive in the world's most populous nation in 14 years.

  • VIENNA, June 29- A ban on construction of Vienna Airport's third runway was annulled by Austria's top court on Thursday. Holzinger ordered the administrative court, which said a third runway would run counter to Austria's pledge to the Paris climate agreement and that the creation of 30,000 new jobs could not justify the extra pollution, to decide again on the...

  • OMAHA, Neb. _ Lindsay Corp. on Thursday reported fiscal third-quarter net income of $11 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share. Four analysts surveyed by Zacks expected $144.8 million.

  • Blue Apron initially forecast pricing shares in the offering between $15 and $17 a piece, but then dropped the predicted range to $10 to $11. E-commerce giant Amazon.com Inc. is expected to shake up the industry after announcing plans to buy organic grocer Whole Foods earlier this month. And Amazon already sells meal kits in some cities with recipes created by...

  • *China data coming into view. LONDON June 29- Copper prices hit three-month peaks on Thursday, boosted by a lower dollar, expectations of stronger demand from top consumer China, falling stocks and a break of a key technical level. CHINA DEMAND: China accounts for nearly half of global copper demand estimated at around 23 million tonnes this year.

  • SPARKS, Md. _ McCormick& Co. on Thursday reported fiscal second-quarter earnings of $100 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share. Four analysts surveyed by Zacks expected $1.1 billion.