Wires

  • HONG KONG/ SANTIAGO, Aug 25- Ningbo Shanshan Co Ltd, a Chinese manufacturer of lithium battery materials, is in advanced talks to buy a stake in Chile's Sociedad Quimica Y Minera, one of the world's biggest lithium producers, according to two sources with direct knowledge of the matter. The deal talks highlight growing interest in the renewable battery ingredient,...

  • LONDON— An easyJet flight from London's Gatwick Airport to Belfast has faced an hourlong delay after two crew members got into an epic shouting match. Dan Lobb, a television presenter on the flight, described the scene as "unreal." The company said Thursday that the safety and welfare of EasyJet passengers and employees required crew members "to be able to work as a...

  • SAO PAULO, Aug 25- Latin American stocks and currencies seesawed on Thursday as traders avoided big bets ahead of U.S. Also fostering caution in Brazilian markets was suspended President Dilma Rousseff's trial at the Senate, which was widely expected to permanently confirm her impeachment. A final vote is likely to confirm her vice president Michel Temer as...

  • Shares of the company, which posted its first fall in total sales in more than six years, plunged 17.6 percent in early trading to $78.71, their biggest single-day percentage decline since November 2007. Stores in areas closely tied to the energy industry, such as Texas, "dramatically underperformed," Chief Executive Mark Light said on a conference call with...

  • WASHINGTON, Aug 25- Volkswagen AG announced on Thursday that it has reached a deal in principle to compensate its 650 U.S. dealers in connection with the German automaker's diesel emissions scandal. The automaker and a lawyer for VW brand dealers announced a tentative settlement at a court hearing in San Francisco. District Judge Charles Breyer they plan to...

  • NEW YORK— U.S. retailers like J.C. Penney and Wal-Mart are scrutinizing whether sheets Welspun India Ltd. said were Egyptian cotton are actually knock-offs, sending its shares plummeting. Since then, retailers including J.C. Penney, Bed Bath& Beyond and Wal-Mart have said they are investigating the company's certification claims. It shares have fallen more...

  • *Q2 EPS of $0.84 beats estimates of $0.72. Aug 25- Tiffany& Co reported an unexpected rise in second-quarter profit as it sold more jewelry in Britain and the upscale jeweler benefited from lower costs of gold and other precious metals. "We saw an uptrend in the UK sales almost immediately following the vote," vice president of investor relations, Mark Aaron, said on a...

  • *Dollar Tree 2nd- qtr sales $5.00 bln vs est $5.09 bln. *Dollar General 2nd- qtr sales $5.39 bln vs est $5.5 bln. Some states changed in April the criteria for the Supplemental Nutrition Assistance Program, formerly known as food stamp program, making thousands of households ineligible for benefits.

  • Vice President Joe Biden says a new natural gas pipeline planned to stretch from Russia to Germany "looks like a fairly bad deal" for Europe because it increases its energy dependency on Moscow. Biden says that to lock Europe "into greater reliance on Russia... will fundamentally destabilize Ukraine," but stressed that the European Union leaders must make their own...

  • CHARLESTON, W.Va.— In a story Aug. 24 about U.S. Joe Manchin's stance on price hikes for life-saving allergy injection pens, The Associated Press erroneously reported that the cost of a two-dose package of EpiPens rose more than 600 percent in the last nine years. The Democratic West Virginia senator's daughter, Heather Bresch, is CEO of Mylan, the manufacturer of...

  • WASHINGTON, Aug 25- Volkswagen AG is expected to announce on Thursday it has reached a deal in principle to compensate its 650 U.S. dealers in connection with the German automaker's diesel emissions scandal, a source briefed on the matter said. The automaker and lawyers for VW brand dealers are expected to announce a tentative settlement at a court hearing in San...

  • San Diego resident Mark Holthoff, a manager for a community site for used-car enthusiasts called Klipnik.com, was disappointed when he saw the value of his 2014 Volkswagen Golf TDI plummet 30 percent after the "dieselgate" scandal broke in September 2015. But Holthoff felt better after reading the terms of the proposed $14.7 billion settlement and...

  • LONDON, Aug 25- Sterling edged down from a three-week high against the dollar on Thursday but traded just above $1.32, with worries over the economic impact of Britain's vote to leave the European Union having eased a touch after better-than-expected data. "Although economic data from the UK economy has displayed signs of stability, consequently questioning...

  • WASHINGTON— The Obama administration has finalized a new rule intended to encourage states to set up their own retirement plans. The Department of Labor rule is designed to clarify how voluntary, state-run retirement programs are regulated by the federal government. Labor Secretary Tom Perez says the state-run plans are a promising new option for people who...

  • Crude futures also saw support from players buying on dips and looking for a bottom on speculation that next month's informal meeting between OPEC and other major oil producers could result in production curbs. Brent crude futures were up 45 cents, or 0.9 percent, at $49.50 a barrel by 10:15 a.m. EDT, after settling down 1.8 percent on Wednesday.

  • WASHINGTON— Automakers say cars that wirelessly talk to each other are finally ready for the road. The cars hold the potential to dramatically reduce traffic deaths, improve the safety of self-driving cars and someday maybe even help solve traffic jams. The government and the auto industry have spent more than a decade and more than $1 billion researching and...

  • PARIS/FRANCE, Aug 25- France and India on Thursday played down the security risk posed by leaked data on French-designed submarines that a source told Reuters was probably stolen by a French former employee and that has raised concerns over a $38 billion contract with Australia. More than 22,000 pages of data about six submarines that France's DCNS is...

  • Aug 25- Mylan NV said on Thursday it would reduce the out-of-pocket cost of its severe allergy treatment EpiPen through a discount program, a day after Democratic Presidential candidate Hillary Clinton joined lawmakers in criticizing the drug's high price. The company, which did not lower the drug's list price, said it would reduce the patient cost of EpiPen...

  • WASHINGTON, Aug 25- Volkswagen AG is expected to announce on Thursday it has reached a deal in principle to compensate its 650 U.S. dealers in connection with the German automaker's diesel emissions scandal, a source briefed on the matter said. The automaker and lawyers for the VW brand dealers are expected to announce a tentative settlement at a court hearing in...

  • US TREASURIES TURN FLAT, ERASE EARLIER PRICE LOSSES, 10- YEAR NOTES YIELD 1.565 PERCENT.