Wires

  • TORONTO, Sept 28- BlackBerry Ltd will outsource the development and design of its flagship smartphone, an industry it helped pioneer, as it bets its future on software and services, the Canadian technology company said on Wednesday. The company also said Chief Financial Officer James Yersh would leave effective Oct. 1 for personal reasons, with former Sybase...

  • ANKARA, Sept 28- Turkey will draw lessons from its credit downgrade to "junk" by Moody's but is already tackling some of the challenges highlighted by the agency, including structural reform and improving the quality of its institutions, Finance Minister Naci Agbal told Reuters. In his first interview since Moody's cut Turkey's sovereign debt to...

  • ROCHESTER, N.Y. _ Paychex Inc. on Wednesday reported fiscal first-quarter profit of $217.4 million. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. Paychex shares have risen 14 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed roughly 6 percent.

  • NEW YORK— Tribune Media has completed the sale of several real estate assets, including the Tribune Tower in Chicago. The sale is part of Tribune Media Co.' s ongoing efforts to sell its entire $1 billion real estate portfolio. Tribune Media said Wednesday that it also closed on the sale of Los Angeles Times Square and Olympic Plant.

  • SYDNEY, Sept 28- Severe storms and thousands of lightning strikes knocked out power to the entire state of South Australia on Wednesday, authorities said, leading to port closures and commuter chaos. South Australia is the country's fifth most populous state, with 1.7 million people and Adelaide as its capital, and is a major wine producer and traditional...

  • ACCRA, Sept 28- Ghana's economic growth slowed to 2.5 percent in the second quarter compared with a year earlier, provisional official data showed on Wednesday, due mainly to a temporary halt in oil production. Ghana saw sustained GDP growth of above 8 percent until 2013, helped by exports of gold, cocoa and oil, but then slumped because of lower global commodity...

  • WASHINGTON— U.S. factories saw slightly fewer orders for big-ticket manufactured goods in August, with a decline in aircraft orders accounting for the modest slip. The Commerce Department says that orders for durable goods were nearly flat in August, with an $85 million fall from July to $226.9 billion. Total orders have slipped 0.6 percent so far this year to...

  • WASHINGTON, Sept 28- New orders for non-military U.S. capital goods other than aircraft rose for a third straight month in August, a positive signal for the business investment outlook. The Commerce Department said on Wednesday new orders for the category, which includes goods like motor vehicles and machinery and is a closely watched proxy for business...

  • WASHINGTON— Orders to US factories for durable goods edged down in August, as volatile aircraft category causes slight dip.

  • HONG KONG/ MUMBAI, Sept 28- Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two sources familiar with the matter said, as the world's biggest retailer aims to get a slice of a fast-growing online retail market. He added Wal-Mart and Flipkart were also contemplating a collaboration that would see them leverage...

  • MOSCOW, Sept 28- Russia's 2017-2019 budget must take account of the state's social obligations to the population, President Vladimir Putin said on Wednesday, but he warned burning through central bank reserves or increasing state debt was not an option.

  • KUALA LUMPUR, Malaysia— The owner of Malaysian national carmaker Proton says it has shortlisted five foreign partners for a partnership that includes an equity sale aimed at reviving the loss-making company. Syed Faisal Albar Syed Ali Rethza Albar, managing director of conglomerate DRB-Hicom, says it will remain a "substantial" shareholder of Proton but...

  • MENOMONEE FALLS, Wis. _ Actuant Corp. on Wednesday reported fiscal fourth-quarter net income of $17.4 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. For the current quarter ending in December, Actuant expects its per-share earnings to range from 14 cents to 19 cents.

  • *Oil up on U.S. inventories data, eyes on Algiers talks. LONDON, Sept 28- A recovery in Deutsche Bank shares helped push European stocks higher on Wednesday, easing concerns over Germany's financial sector that had hit equities in Asia and drove investors into safe-haven government bonds and the dollar. Federal Reserve Chair Janet Yellen and European Central...

  • RICHMOND, British Columbia/ KUALA LUMPUR, Sept 28- M alaysia's Petronas said it would review a proposed C $36 billion liquefied natural gas project in western Canada after Ottawa approved the project with conditions to limit the environmental impact. The green light for the Pacific NorthWest LNG project in northern British Columbia comes after a 3- year wait...

  • NEW YORK, Sept 28- You do not learn a lot from tax returns, Republican Donald Trump proclaimed in Monday's U.S. presidential debate. "From a tax return, you get distinct, discrete financial numbers," says Jude Boudreaux, a certified financial planner at Upperline Financial Planning in New Orleans. Democrat Hillary Clinton's returns showed that she and her husband,...

  • NEW YORK, Sept 28- You do not learn a lot from tax returns, Republican Donald Trump proclaimed in Monday's U.S. presidential debate. "From a tax return, you get distinct, discrete financial numbers," says Jude Boudreaux, a certified financial planner at Upperline Financial Planning in New Orleans. Democrat Hillary Clinton's returns showed that she and her husband,...

  • NEW YORK, Sept 28- You do not learn a lot from tax returns, Republican Donald Trump proclaimed in Monday's U.S. presidential debate. "From a tax return, you get distinct, discrete financial numbers," says Jude Boudreaux, a certified financial planner at Upperline Financial Planning in New Orleans. Democrat Hillary Clinton's returns showed that she and her husband,...

  • *Iran wants much higher share of OPEC production. ALGIERS, Sept 28- OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran. That represents a strategy shift for Riyadh, which has previously said it would reduce output only if every other...

  • PARIS— European police agency Europol says the threat from ransomware has now eclipsed other forms of online theft, a sign of how quickly the computer-scrambling software has found favor in the electronic underworld. Ransomware typically works by taking computers hostage, encrypting the files on victims' hard drives until they cough up the money demanded to...