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Wires

  • June 26- The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation. According to a Monday court filing, the settlement will strip the estates of Andrew and Mark Madoff of "all assets, cash, and other...

  • *Utilities, telecom in favor as tech lags. June 26- The S&P 500 and the Dow barely rose on Monday as gains were offset by a fall in technology stocks, which pushed the Nasdaq lower as investors turned to more defensive sectors. "The bond market is signaling an economic slowing," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

  • WASHINGTON, June 26- Twenty-two million Americans would lose their health insurance coverage over the next decade under draft legislation unveiled by Senate Republicans last week, the Associated Press reported on Monday, citing an analysis by the non-partisan Congressional Budget Office.

  • CHICAGO, June 26- Chicago Board of Trade wheat prices fell about 2 percent on Monday, extending their slide to four sessions on profit-taking after a run-up to one-year highs last week, analysts said. July corn ended up 1-1/ 4 cents at $3.59 a bushel and July soybeans rose 2-1/ 4 cents to $9.06-3/ 4 a bushel. "The wheat price in Chicago has fallen... as part of a consolidation...

  • DETROIT— Takata Corp. filed for bankruptcy protection in Japan and the U.S., leaving consumers to wonder about the status of the recall of about 70 million defective air bag inflators in the U.S. and another 30 million worldwide. Takata says in Japan the figure is closer to 70 percent. Takata's assets are expected to be sold for $1.6 billion to a rival company, Key...

  • NEW YORK, June 26- The U.S. dollar hit a one-month high against the yen and rebounded against the euro on Monday after the European Central Bank chief defended the ECB's easy monetary policy, and as investors awaited Federal Reserve Chair Janet Yellen's speech on Tuesday. ECB President Mario Draghi, speaking to university students in Lisbon, said super low rates...

  • June 26- Apple CEO Tim Cook on Sunday highlighted the economic impact the company is having on India in a meeting with its prime minister as the iPhone maker seeks deeper access to the world's third-largest smartphone market behind the United States and China. Cook reiterated that Apple had generated 740,000 jobs in India through its so-called "app economy" and...

  • NEW YORK, June 26- Nestle's jump to a record high boosted European stocks and helped buoy a global index on Monday, while the dollar was close to recent lows and the U.S. yield curve flattened after soft capital goods data. Stocks were volatile on Wall Street, with defensive sectors emerging as the best performers as the S&P 500 eked out a small gain.

  • TORONTO, June 26- Canada's main stock index edged lower on Monday in cautious trading ahead of quarter-end, as declines in the heavyweight resource and financial groups offset gains for consumer-related shares. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 3.54 points, or 0.02 percent, at 15,316.02. Five of the index's 10 main...

  • The Senate bill unveiled last week was immediately criticized by both conservatives and moderates in the party, casting doubt over whether Republicans could win passage. They have only a 52- seat majority in the 100- seat Senate. Senate leaders want to hold a vote on the bill before the July 4 recess that starts at the end of this week.

  • DETROIT, June 26- General Motors Co now expects U.S. new vehicle sales in 2017 will be in the "low 17 million" unit range, reflecting a widespread expectation that the industry is headed for a moderate downturn, a top executive said on Monday. "The market is definitely slowing its something we are going to monitor month to month," Chief Financial Officer Chuck Stevens...

  • NEW YORK, June 26- The S&P 500 and the Dow closed up slightly Monday but a fall in technology stocks nudged the Nasdaq lower as investors turned to more defensive sectors.

  • The justices narrowed the scope of lower court rulings that had completely blocked key parts of a March 6 executive order that Trump had said was needed to prevent terrorism in the United States, allowing his temporary ban to go into effect for people with no strong ties such as family or business to the United States. 1/ 8 http://tmsnrt.rs/2seb3bb 3/ 8.

  • June 26- Apple Inc is leasing a small fleet of cars from rental company Hertz Global Holdings Inc to test self-driving technology, Bloomberg reported on Monday. Apple is renting Lexus RX450h sport-utility vehicles from Hertz's Donlen fleet-management unit, according to the Bloomberg report, citing documents released recently by the California Department...

  • *OPEC's supply cuts undermined by higher U.S. output. NEW YORK, June 26- Oil prices settled more than half a percent higher on Monday as some traders found bargains after last week's seven-month lows, but rising crude supply in the United States and other countries limited gains. "I think its mostly bottom fishing at this point," said John Kilduff, partner with energy...

  • WASHINGTON, June 26- The U.S. Commerce Department said on Monday it had made a preliminary decision to exclude three Canadian Atlantic provinces from a U.S. investigation into whether Canada is dumping or subsidizing exports of softwood lumber. The decision to exclude Newfoundland and Labrador, Nova Scotia and Prince Edward Island follows a preliminary...

  • AMSTERDAM/ LONDON, June 26- When billionaire activist investor Daniel Loeb wanted to give his arguments against Nestle's performance greater credibility and heft, he turned to one of Europe's most experienced turnaround experts, Dutchman Jan Bennink. Loeb's fund, Third Point LLC, disclosed a $3.5 billion stake in the Swiss food group in a letter to its...

  • June 26- Apple Inc is working with Cisco Systems Inc to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums, Apple Chief Executive Officer Tim Cook said on Monday. Sharing a stage with Cisco CEO Chuck Robbins at a Cisco event in Las Vegas, Cook said the combination of gear from the two companies was...

  • TRENTON, N.J.— New Jersey lawmakers have approved a bill barring employers from asking about salary history, a move supporters say is intended to promote equal pay for women. The Democrat-controlled state Senate approved the measure on Monday. Chris Christie to decide whether it becomes law.

  • BERLIN— German Chancellor Angela Merkel says she doesn't really do Twitter, but sometimes visits the site to check out what U.S. President Donald Trump has to say. Merkel said, "I use it sometimes... then I enter Donald Trump on Twitter and I have it all"— a remark that drew big laughs from the audience at a Berlin theater where the chancellor was interviewed.