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Wires

  • March 1- Snap Inc, owner of popular messaging app Snapchat, raised $3.4 billion in its initial public offering on Wednesday, more than it had sought, in the most eagerly awaited technology IPO since Chinese e-commerce giant Alibaba went public in 2014.. It will list on the New York Stock Exchange on Thursday. Snap priced 200 million shares on Wednesday night at $17...

  • HONOLULU— The sponsor of a Hawaii bill seeking to change the way commercial licenses are granted to foreign fishermen says the bill is in danger of dying. A Senate committee is planning to consider the bill Wednesday. An Associated Press investigation found some foreign fishermen were working without most basic labor protections while catching premium...

  • LAVAL, Quebec _ Bellus Health Inc. on Wednesday reported a fourth-quarter loss of $372,000, after reporting a profit in the same period a year earlier. The Laval, Quebec- based company said it had a loss of 1 cent per share. Keywords: Bellus Health, Earnings Report.

  • NEW YORK, March 1- The U.S. Federal Communications Commission on Wednesday blocked some Obama administration rules approved last year that would have subjected broadband providers to stricter scrutiny than websites, a victory for internet providers such as AT&T Inc, Comcast Corp and Verizon Communications Inc. The decision will "provide time for the FCC to...

  • *Lucy Neville-Rolfe handed new Brexit role. LONDON, March 1- Britain has sidelined the minister responsible for financial services from addressing the impact on the sector of leaving the EU, a shakeup that a senior bank executive called a "vote of no confidence" in the industry's main government contact. The new arrangement means Simon Kirby, the Treasury's...

  • TORONTO, March 1- Automakers broadly notched decent growth in Canadian sales in February, sales numbers released by the companies on Wednesday showed, although Toyota Motor Corp sales slipped. Ford said it sold 18,985 vehicles in Canada in the month, its best February performance since 2000 and a 3.2 percent increase from the 18,403 it sold in the same month a...

  • NEW YORK, March 1- Walt Disney Co's live-action adaptation of "Beauty and the Beast," one of the most anticipated movies of the year, will feature a gay character for the first time in Disney's history, according to the film's director. Director Bill Condon said in an interview with Attitude, a British gay lifestyle magazine, that LeFou, the goofy sidekick to the film's...

  • "Techstars would love to be in Canada and we expect to have something to announce in the near future," a spokeswoman said in response to queries. While Canada has a rich technology scene, it has long struggled to attract top caliber executives or provide the necessary environment to keep its highly skilled tech graduates from bolting south to California or New...

  • While supporters of the idea cast it as a way to make insurance policies more competitive, critics say it's unlikely to result in more affordable plans and could undermine stronger consumer protections in states such as California and Hawaii. And there's another complication: Trump's proposal appears unlikely to pass Congress unless Democrats cooperate.

  • WELLINGTON, March 2- The Reserve Bank of New Zealand said on Thursday risks around future interest rate movements were equally weighted, but warned of uncertainty stemming from U.S. The New Zealand dollar jumped to $0.7166 from $0.7144 before the speech. "The greatest source of uncertainty relates to the U.S. Administration policies in respect to its' America...

  • WASHINGTON— If you didn't file a tax return for 2013, the IRS might have a refund waiting for you. The IRS says it has $1 billion in unclaimed refunds from the 2013 tax year. Tax returns for 2013 were due in April 2014, so the deadline for claiming the refunds is this year's tax day, which falls on April 18.

  • NEW YORK, March 1- The U.S. Federal Communications Commission on Wednesday blocked some Obama administration rules approved last year that would have subjected broadband providers to stricter scrutiny than websites, a victory for internet providers such as AT&T Inc, Comcast Corp and Verizon Communications Inc. The FCC blocked rules aimed at protecting...

  • March 1- PepsiCo Inc said on Wednesday it would cut 80 to 100 jobs in Philadelphia as the city's new sugar-sweetened beverage tax hurts demand for its products. Philadelphia imposed a tax of 1.5 cent per ounce on sugary and diet drinks to combat rising obesity and diabetes in the city. PepsiCo's beverage sales fell 40 percent in the city because of the tax, company...

  • As of Feb. 24, the Internal Revenue Service has sent out $127 billion in tax refunds, 10 percent less than the $142 billion paid at the same time last year, according to newly released IRS data. Behind the delay is a new law requiring the IRS to wait until Feb 15 to issue refunds related to some kinds of tax credits. In early February, tax refunds had amounted to just 31...

  • MEXICO CITY— Mexico's central bank is lowering its 2017 economic growth forecast for the country to between 1.3 percent and 1.5 percent. President Donald Trump's administration will adopt toward Mexico, its proposals "already tend to signal that to a certain degree it will take actions that obstruct relations between the two countries."

  • WASHINGTON, March 1- California, Illinois and 18 more states have joined a lawsuit filed last year alleging that six companies, including Mylan NV and Teva Pharmaceutical Industries Ltd, conspired to push up prices of two generic drugs, the Connecticut attorney general's office said on Wednesday. Connecticut, which leads the group, and 19 other states filed the...

  • March 1- If you want to understand an industry you have to understand how employees get paid, and for what. A new study using the publicly available tax returns of mutual fund managers in Sweden portrays a mutual fund industry in which the interests of fund company owners and their managers are aligned, but those of fund managers and investors only kind of bump...

  • *European stock markets climb, FTSE hits record high. Treasury yields rose along with the dollar and Wall Street rallied, lifting the Dow above 21,000, as investors bet on an interest rate hike and gave a sigh of relief after U.S. Financial stocks were the biggest boost for Wall Street after New York Fed President William Dudley- one of the most influential U.S....

  • Since the start of the year, gas futures have collapsed by 30 percent to around $2.774 per million British thermal units from a two-year high of $3.994 on Dec. 28. Futures averaged $3.58 per mmBtu in December 2016, $3.29 in January 2017 and $2.91 in February 2017, compared with $2.04 in December 2015, $2.23 in January 2016 and $1.93 in February 2016.

  • President Donald Trump's measured tone in his first speech to Congress lifted optimism and investors viewed a looming interest rate hike as a glass half full. But it was a break in Trump's often-abrasive speaking style that encouraged many investors who have worried he may struggle to push his agenda through a Congress reluctant to widen the budget deficit.