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Wires

  • LONDON, June 26- Sterling gained 0.1-0.2 percent against the dollar and euro on Monday as Prime Minister Theresa May struck a deal to prop up her minority government, peeling away one layer of uncertainty for Britain as its negotiates its exit from the European Union. May secured the backing of Northern Ireland's Democratic Unionist Party and its 10 lawmakers,...

  • LISBON, Portugal— The head of Portugal's national airline says he is considering asking authorities to order that all drones in the country be grounded, following a series of near-misses with commercial aircraft. TAP Air Portugal President Fernando Pinto says that if drones "keep entering airspace, we're going to call for them to be grounded."

  • LONDON, June 26- British Prime Minister Theresa May struck a deal on Monday to prop up her minority government by agreeing to 1 billion pounds in extra funding for Northern Ireland in return for the support of the province's biggest Protestant party. There has been some concern among lawmakers about the deal because of the fragile peace agreement in Northern...

  • June 26- U.S. stock index futures were higher as oil prices rebounded, while investors awaited economic data for a reading on the health of the economy. *Fed Chair Janet Yellen speaks on London on Tuesday and investors will look for any clues to the rate outlook, after mixed views from other Fed officials in recent days. *On Monday, San Francisco Fed President John...

  • June 26- U.S. stock index futures were higher as oil prices rebounded, while investors awaited economic data for a reading on the health of the economy. *Fed Chair Janet Yellen speaks on London on Tuesday and investors will look for any clues to the rate outlook, after mixed views from other Fed officials in recent days. *On Monday, San Francisco Fed President John...

  • June 26- Best Inc, a Chinese logistics company backed by Alibaba Group Holding Ltd, on Monday filed for an initial public offering of American depositary shares to raise up to $750 million. Alibaba owns about 23.4 percent stake in the company. Best will apply for listing its ADSs on the NYSE or the Nasdaq Global Market, the company said.

  • TEL AVIV, June 26- Israeli energy conglomerate Delek said its planned sale of a controlling stake in Israeli insurer Phoenix Holdings to China's Fujian Yango Group has been called off by both sides after it failed to secure regulatory approval. "Due to the prolonged process of obtaining the approval for the sale of control in Phoenix to Yango Group, the two sides...

  • PARIS/ SYDNEY, June 26- U.S. wheat prices fell on Monday, with Chicago futures retreating from a one-year high and spring wheat edging back from a 2-1/ 2 year top, as the market awaited more indications on crop conditions after adverse growing weather. The most active wheat futures on the Chicago Board Of Trade fell 1.4 percent to $4.66-3/ 4 a bushel by 1054 GMT, pulling...

  • GUERNSEY, WYOMING, June 26- A gallon of gasoline that allows a driver on the U.S. East Coast to travel about 25 miles has already navigated thousands of miles from an oil field to one of the world's largest fuel markets. Or the journey to an East Coast gas pump might start instead in North Dakota's Bakken shale fields- which means it could take up to three months,...

  • NEW YORK, June 26- Time Inc said Monday it will license its Fortune brand for stock indexes based on the Fortune 500 in a new partnership with Barclays PLC in an effort to diversify Time's revenue into the growing index-investing business. The Barclays Fortune 500 Equal Weighted Index will launch in July, tracking about 450 publicly traded companies with a...

  • BOSTON/ NEW YORK, June 26- Investors betting trillions on ethically-appealing stocks may not be getting all they expect. However, some investors and funds may rely too much on the scores of one rating firm, said Dan Hanson, a portfolio manager at Jarislowsky Fraser Global Investment Management. "We don't have a common vernacular," said Asha Mehta, director of...

  • President Donald Trump and Indian Prime Minister Narendra Modi will hold their first face-to-face meeting in Washington on Monday, seeking to boost U.S.-Indian relations despite differences over trade, the Paris climate accord and immigration. Their White House session promises less pomp than Modi's previous visits to Washington, which included former...

  • LONDON, June 26- Russian billionaire Mikhail Fridman's L1 Retail has agreed to buy Britain's Holland& Barrett for 1.77 billion pounds in its first acquisition, betting on continued growth and expansion abroad for the health foods chain. L1 Retail, part of Fridman's empire that spans investments in ride-hailing firm Uber to North Sea assets, said it expected to...

  • June 26- Seattle Genetics Inc and Japan's Takeda Pharmaceutical Co Ltd said on Monday that their drug met the main goal in a late-stage study of helping blood cancer patients live longer without their condition worsening. Adcetris is already approved in the United States to treat patients with classical Hodgkin's lymphoma, who have already received a stem...

  • June 26- Nestle is under pressure from U.S. activist shareholder Third Point, which has taken a $3.5 billion stake in the food maker and is pushing Europe's largest company to improve margins, buy back shares and get rid of non-core businesses. Nestle shares jumped as much as 4.8 percent on Monday, touching a record high as investors hoped that Third Point's stake,...

  • MIDLOTHIAN, Texas _ Ennis Inc. on Monday reported fiscal first-quarter net income of $7.8 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Midlothian, Texas- based company said it had net income of 31 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SYDNEY/ LONDON, June 26- Rio Tinto on Monday confirmed Yancoal Australia as the preferred buyer for its Australian Coal& Allied unit after the China- backed company added an eleventh-hour sweetener to top a rival bid from Glencore. Yancoal, increased its offer to $2.69 billion from $2.45 billion, adding $240 million in unconditional guaranteed royalty payments...

  • NICOSIA, Cyprus— It's back to Switzerland for Cyprus peace talks. They will likely determine whether a deal to reunify Cyprus, which is divided into a breakaway Turkish Cypriot north and an internationally recognized Greek Cypriot south, is possible or not. It revolves around the 35,000- plus troops that Turkey has kept in place since 1974 when it invaded Cyprus...

  • *Takata files for protection in Japan, United States. TOKYO, June 26- Japan's Takata Corp, the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based rival Key Safety Systems. Takata Americas, its U.S. arm, filed for Chapter 11...

  • The leader of a Northern Ireland- based party says that she struck a deal with British Prime Minister Theresa May's Conservatives to support her minority government. Democratic Unionist Party leader Arlene Foster says that May agreed to provide 1.5 billion pounds in funding to Northern Ireland without providing further information.