Wires

  • Treasury Secretary Jacob Lew is criticizing a European ruling that Apple owes more than $14.5 billion in back taxes. He says the decision may spur Congress to finally address the stalled effort to reform America's corporate tax structure. Lew says that while the Obama administration has failed in its efforts to get tax reform through Congress, he believes the...

  • DUBLIN, Aug 31- Ireland's cabinet could not agree on Wednesday on whether to appeal a European Commission ruling against Dublin's tax dealings with Apple and will meet for further talks later this week, a government source told Reuters. Finance Minister Michael Noonan has recommended lodging the appeal, saying on Tuesday he "disagreed profoundly" with the...

  • Aug 31- United Parcel Service Inc's pilots ratified a new five-year labor contract that includes immediate pay hikes, the company and the union representing the pilots said. It also includes a signing bonus of $60,000 for captains and of $40,000 for first officers, along with enhanced pension benefits. An overwhelming majority voted in favor of the contract,...

  • Aug 31- Large U.S. shale oil companies, flush with cash raised through stock offerings, are gobbling up properties in the Permian Basin straddling Texas and New Mexico, a trend that could boost U.S. oil output in the second half of 2017.. Hess Corp and Devon Energy Corp are among oil and gas companies that tapped the equity market in the first eight months of the year,...

  • NORRISTOWN, Pa.— Education officials fear a judge's decision ordering a suburban Philadelphia school district to revoke its tax hike could lead to lawsuits around Pennsylvania challenging other school districts' tax increases. The Pennsylvania Association of School Administrators' director tells The Philadelphia Inquirer he's never before heard of a "...

  • SEC SAYS RBC TO PAY $2.5 MILLION FOR PROXY STATEMENT DISCLOSURE VIOLATIONS.

  • *U.S. and European energy shares fall on oil price decline. NEW YORK, Aug 31- U.S. and European shares fell on Wednesday after a drop in oil prices weighed on energy stocks, while two-year U.S. Boston Fed president Eric Rosengren said Wednesday the Fed was nearing its employment and inflation rate goals, adding that rate hikes could shield the economy.

  • *Netting credited with saving lives in deep South Africa mines. PHUTHADITJHABA, South Africa, Aug 31- Pakiso Matsemela recalls the day he lost the use of his legs, joining the long casualty list of a South African mining industry whose accident rate is again climbing after years of improvement. That was in May, 2009 and- while of no consolation to the paralysed...

  • *Oil prices drop 2.7 percent; Exxon, Chevon drag down indexes. By Mamidipudi Soumithri and Yashaswini Swamynathan. Aug 31- Wall Street extended losses on Wednesday, the last trading day of August, as lower oil prices weighed on energy stocks.

  • Obama, who is racing to cement his legacy on climate change before his presidency ends on Jan. 20, will showcase both progress and looming threats in stops at Lake Tahoe, Nevada; Honolulu; and an ocean refuge in the remote Midway Atoll. At a Nevada summit on the health of Lake Tahoe, whose average surface temperature reached an all-time recorded high last year, Obama...

  • Aug 31- Property investors are buying into student flats, health centres and care homes, favouring their long leases and steady tenants over retail and offices which have been hit by Britain's vote to quit the European Union. Alternatives accounted for 16 percent of total UK property investment in July, up from 13 percent in the second quarter, commercial...

  • SANTA CLARA, Cuba, Aug 31- A JetBlue Airways Corp passenger jet landed in the central Cuban city of Santa Clara on Wednesday, becoming the first scheduled commercial passenger flight from the United States to the island in more than a half century. Cuba and the United States began normalizing relations in December 2014 after 18 months of secret talks and have...

  • Spain's Socialists are expected to vote against the government of acting Prime Minister Mariano Rajoy in a confidence vote. "The political risk premium in Spain is on the rise," said Nick Stamenkovic, a bond strategist at RIA Capital Markets. Commenting on Spain, ING senior rate strategist, Benjamin Schroeder, said: "Today will be a first test, though expectations...

  • EDGING UP: Small businesses nudged their hiring pace higher in August, adding 63,000 jobs, payroll company ADP said Wednesday. That's an increase of 2,000 from July's 61,000 new jobs, but down substantially from the monthly average of 84,000 during the first half of the year. The Commerce Department reported at the end of July that the gross domestic product rose...

  • BRASILIA, Aug 31- Brazil's Senate opened the final session in an impeachment trial expected to dismiss President Dilma Rousseff from office on Wednesday and draw the curtain on 13 years of leftist Workers Party rule in Latin America's largest nation. Senate aides said that after senators established the final conditions for the vote, a verdict was expected at...

  • DUBAI, Aug 31- Saudi Arabia does not target a specific level of oil production and its output is based on customers' needs, the energy minister of the world's largest oil exporter said. Speaking during an official visit to China, Khalid al-Falih told al-Arabiya TV channel that despite low crude prices he was optimistic for global demand, that demand for crude in...

  • LONDON, Aug 31- Sterling rose on Wednesday, boosted by improved consumer confidence and rising British house prices in August, which added to signs the economy is holding up well in the wake of June's shock vote to leave the European Union. "Overnight, we saw UK August consumer confidence bouncing back," Morgan Stanley chief strategist Hans Redeker said, adding he...

  • PORTLAND, Ore.— When the bill comes after a meal, there's no crunching numbers for the tip— just pay and go. "Primarily we wanted to take the reins of compensating our employees," said Andy Fortang of Le Pigeon in Portland, Oregon, which eliminated tipping in June. Le Pigeon raised its prices an average of 20 percent and now compensates workers with a mix of base pay and a...

  • NEW YORK— Small businesses that can't find the right people to fill their job openings may be suffering from a Great Recession hangover. Nearly a fifth of small business owners surveyed by American Express this spring said finding the right staff is their biggest challenge while expanding their companies. Some employers are still trying to hire one person to...

  • SANTA CLARA, Cuba, Aug 31- A JetBlue Airways Corp passenger jet landed in Santa Clara, Cuba on Wednesday, becoming the first scheduled passenger flight from the United States in more than a half century. The Airbus A320, packed with officials including JetBlue's chief executive and the U.S. Transportation Secretary, touched down in what the Obama administration...