Wires

  • NEW YORK _ Prospect Capital Corp. on Monday reported fiscal fourth-quarter profit of $95.2 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Prospect Capital shares have increased 21 percent since the beginning of the year.

  • Burnaby, Vancouver- based Ritchie, which focuses on the sale of heavy machinery, will fund the transaction with a combination of cash and new debt. Goldman, Sachs& Co. is serving as financial adviser to Ritchie, while Skadden, Arps, Slate, Meagher& Flom LLP and Dechert LLP are serving as its legal advisers. J.P. Morgan Securities LLC is serving as financial adviser to...

  • WASHINGTON, Aug 29- When President Barack Obama travels to Asia next week, he will try to reassure leaders in the region that he still has the clout to deliver U.S. approval for the sweeping Trans-Pacific Partnership, even though the two candidates vying to succeed him and a congressional leader have said the 12- nation trade deal should not move forward.

  • *Letter cites $81 million Bangladesh Bank heist. NEW YORK, Aug 29- Six U.S. senators have urged President Barack Obama to prioritize cyber crime at this weekend's G20 summit in China, in the wake of the theft of $81 million from Bangladesh's central bank, according to a letter obtained by Reuters. In the letter sent to the White House ahead of the Sept. 4-5 summit,...

  • Aug 29- Mondelez International Inc, the maker of Oreo cookies and Cadbury chocolates, said it was no longer pursuing the acquisition of Hershey Co, two months after the U.S. chocolate company turned down its $23 billion cash-and-stock bid. The abandoned deal, which would have created the world's largest confectioner, underscores the grip that the charitable...

  • Those lawsuits will now be stayed until Sept. 16, according to a filing in U.S. District Court in Chicago. An appeal hearing is scheduled for Tuesday in Chicago, just hours before U.S. Shares of the Nevada- based gaming company closed down about 16 percent at $6.35 on Nasdaq on concerns of an imminent ruling on the New York lawsuits, which the company has warned could...

  • CALGARY, Alberta, Aug 29- Twin Butte Energy Ltd debenture holders voted to reject a takeover bid by Hong Kong's privately held Reignwood Resources Holding Pte Ltd on Monday, throwing the cash-strapped Canadian oil and gas producer's financial future into uncertainty. Under the proposed terms of the deal, announced in June, shareholders would have received 6...

  • MILLBROOK, Ala.— A Wal-Mart spokeswoman says a can of pepper spray is the suspected culprit for the evacuation of an Alabama store. The store was evacuated Sunday in Millbrook, 10 miles north of Montgomery, after customers complained of irritated eyes and breathing problems. WSFA-TV reported that authorities initially blamed a piece of rotting produce for the...

  • ATLANTIC CITY, N.J.— Billionaire investor Carl Icahn rejected an offer Monday by Atlantic City's main casino workers' union that it says would have saved the struggling Trump Taj Mahal casino. The proposal would have restored health insurance in January for Taj Mahal workers that was terminated in 2014, and would have adopted in September 2017 the same...

  • BELO HORIZONTE/ RIO DE JANEIRO, Aug 29- The deadly collapse of a tailings dam at the Samarco mine, owned by Vale SA and BHP Billiton, last November was caused by drainage and design issues, a report into Brazil's worst-ever environmental disaster showed on Monday. The 76- page report commissioned by the companies responsible for the spill, which killed 19 people, did...

  • Aug 29- United Continental Holdings Inc has hired the No. 2 executive at rival American Airlines Group Inc, Scott Kirby, to be its president, the companies said on Monday. The move, effective immediately, is the latest attempt by United's reshuffled board and new Chief Executive Officer Oscar Munoz to shape a new strategy and boost the airline's stock price.

  • *Generic EpiPen to cost $300 vs branded price of about $600. Aug 29- Mylan NV said it would launch the first generic version of its allergy auto-injector EpiPen for $300, half the price of the branded product, the drugmaker's second step in less than a week to counter the backlash over the product's steep price. The company reduced the out-of-pocket costs of EpiPen...

  • BRUSSELS, Aug 29- The European Union's executive said on Monday it had a unanimous mandate from the bloc's 28 members to finalize negotiations on a free trade deal with the United States, a day after Germany's economy minister said the talks had "de facto failed." Sigmar Gabriel of Germany, the EU's biggest economy, said on Sunday that negotiations over the...

  • Aug 29- Fox News Network LLC on Monday said anchor Andrea Tantaros was an "opportunist" who made sexual harassment claims against former chairman Roger Ailes only after she was taken off the air for writing a book without permission. Fox in a filing in New York state court in Manhattan also said Tantaros signed an agreement to keep employment-related disputes...

  • Fox News claims it learned of Tantaros' book, "Tied Up in Knots... "This Court should compel Tantaros to proceed in the arbitration proceeding that is already underway," Fox News contends. Shine was promoted to co-president of Fox News after Ailes resigned last month amid sexual harassment complaints by another former anchor, Gretchen Carlson, who claimed in a...

  • WASHINGTON— In one of its last chances to tinker with the president's signature health care law, the Obama administration Monday proposed a series of fixes and adjustments for 2018, when the White House will have a new occupant. The changes are detailed in a highly technical draft regulation, nearly 300 pages long. If Republican Donald Trump becomes president,...

  • SALT LAKE CITY— The race between a small town on the Rio Grande in New Mexico and a Salt Lake City suburb to entice a new Facebook data center with millions of dollars in tax breaks and subsidies is raising questions about public investments in a booming cloud-computing economy that typically brings few local jobs. In New Mexico, The Los Lunas Village Council...

  • The news comes a month after the Pennsylvania Attorney General's office unveiled the terms of a reform agreement with the charitable trust that controls Hershey. Hershey said in June it had rejected a $23 billion takeover bid by Mondelez. "Following additional discussions, and taking into account recent shareholder developments at Hershey, we determined...

  • DALLAS— The president and No. 2 executive at American Airlines is leaving to take the same job with rival United Airlines. United Continental Holdings Inc. said Monday that Scott Kirby has been named president and will oversee operations, sales and other duties. Kirby worked for Parker at America West Airlines and US Airways, where he rose to president in 2006.

  • CHICAGO, Aug 29- Adult female mosquitoes can pass the Zika virus along to their offspring, U.S. researchers said on Monday, a finding that makes clear the need for pesticide programs that kill both adult mosquitoes and their eggs. The findings, published in the American Journal of Tropical Medicine and Hygiene, show that as with many related viruses, including...