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Wires

  • SAO PAULO/ BRASILIA, April 28- Nationwide strikes led by Brazilian unions to protest President Michel Temer's austerity measures hobbled public transport in several major cities and closed schools, car factories, banks and other businesses across the country. But the government argues economic reforms are needed to pull Brazil out of its worst recession on...

  • BERLIN, April 28- Deutsche Bank shareholders should not ratify the actions of its top executives and supervisory board members for last year because of the legal uncertainties surrounding the bank, shareholder advisory firm Glass Lewis said on Friday. While transparency at Germany's biggest bank has improved under CEO John Cryan, the scale and scope of...

  • MEXICO CITY, April 28- Mexico's economy cooled slightly in the first quarter as industrial output stagnated, according to preliminary data released on Friday, but growth during the start of U.S. The election of Donald Trump last year raised the specter of recession in Mexico as he threatened to shred the North American Free Trade Agreement.

  • SAN FRANCISCO, April 28- A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market's march higher. Since Trump's inauguration on Jan. 20, representatives from nearly 100 publicly-listed companies have visited the White House, with carmakers, healthcare...

  • More than 80,000 child carriers are being recalled because the leg openings may be too big, posing the risk of children slipping through and getting injured. Other recalled consumer products this week include remote-controlled vehicles that pose a fire hazard and infant booties that pose a choking hazard. DETAILS: All models of Poco, Poco Plus and Poco Premium...

  • April 28- U.S. drillers added oil rigs for a 15th week in a row, but the pace of those additions slowed in April to the lowest in five months as crude prices fell below $50 a barrel on doubts OPEC will continue to cut production enough to reduce the global glut. Drillers added nine oil rigs in the week to April 28, bringing the total count up to 697, the most since April 2015,.

  • NEW YORK, April 28- The U.S. stock market rallied sharply in the wake of President Donald Trump's election on Nov. 8, fueled by the hopes for his agenda of cutting taxes, spending on infrastructure and reducing regulations. But passing healthcare legislation has proved to be not so straightforward even though Trump's fellow Republicans control both chambers of...

  • WASHINGTON, April 28- A U.S. appeals court on Friday blocked health insurer Anthem Inc's bid to merge with Cigna, upholding a lower court's decision that the $54 billion deal should not be allowed because it would lead to higher prices for healthcare. The ruling will probably kill the proposed merger that was opposed by the U.S. Justice Department, 11 states and a...

  • April 28- The U.S. Food and Drug Administration approved Novartis AG's Rydapt as an initial treatment for acute myeloid leukemia as well as certain other blood disorders, the agency said on Friday. Rydapt is approved to be used along with chemotherapy to treat adults newly diagnosed with AML and carrying a specific genetic mutation called FLT3, the FDA said.

  • LONDON, April 28- Ratings agency Standard& Poor's said on Friday that Britain's decision to leave the European Union had created "a heightened risk" around the country's large borrowing needs and could put strains on the historic make-up of the United Kingdom too. S&P, in a statement affirming the possibility of a further downgrade Britain's sovereign debt...

  • CHARLESTON, W.Va.— Residential customers and small businesses could receive thousands of dollars under a proposed settlement with the companies sued for a chemical spill and resulting water crisis in West Virginia's capital area three years ago. If the federal court approves, the settlement filing shows West Virginia American Water would pay up to $126...

  • Frankfurt prosecutors say a 43- year-old Japanese man, a 40- year-old Japanese woman and a 39- year-old man from the U.S. were arrested late Thursday in Berlin. Prosecutors say the three suspects and a 38- year-old Japanese woman who's still on the run received at least 2.3 million euros from the sale of drugs online since September 2012. Authorities seized...

  • April 28- U.S. stocks were slightly lower in early afternoon trading on Friday after data showed the economy grew at its weakest pace in three years in the first quarter. Other data showed that the University of Michigan's final April consumer sentiment index was at 97, below analysts' expectations of 98.. "The U.S. consumer spending is the most sensitive part of...

  • WASHINGTON, April 28- Foxconn, the world's largest contract electronic manufacturer and a major Apple Inc supplier, is planning an investment in the United States but has not finalized its plans, Chairman Terry Gou said as he exited the White House on Friday. "We are planning a number of investments in America, Gou told reporters waiting for him outside the White...

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil expansions. Chevron swung to a $2.68 billion quarterly profit and turned cash flow positive, earning more than it spent, a milestone Wall Street...

  • DETROIT, April 28- General Motors Co on Friday reported a record quarterly first-quarter profit on robust sales of its large pickup trucks and crossovers in the United States, as uncertainty surrounds the overall pace of domestic auto sales for the industry. The results demonstrate that GM will "continue to strengthen the core business, generate the best...

  • The plans for four heavily indebted Puerto Rico agencies will be amended in upcoming weeks, although officials noted that the water rate increase will start in January and that the Government Development Bank will be liquidated within a decade. The board met in New York City to review the plans just days before a May 1 deadline on which Puerto Rico might...

  • LOS ANGELES/ NEW YORK, April 28- U.S. Late-night talk shows and topical satire, including NBC's "Saturday Night Live," will be the first hit if the Writers Guild of America goes on strike next week in a stoppage that media analysts say could send viewers flocking irreversibly to streaming services. "A strike of any duration will drive audiences off broadcast and cable...

  • WASHINGTON, April 28- Foxconn, the world's largest contract electronic manufacturer and a major Apple Inc supplier, is planning an investment in the United States but has not finalized its plans, said Chairman Terry Gou as he exited the White House on Friday.

  • WASHINGTON, April 28- The chief executive of United Airlines Inc will testify before a House panel on Tuesday in the aftermath of the forced removal on April 9 of a passenger from a Chicago flight, an incident that drew international condemnation. The House Transportation Committee will hear from United Chief Executive Oscar Munoz, along with the airline's...