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Wires

  • TORONTO, Feb 24- A strike at Noranda Income Fund's zinc processing plant in Quebec stretched into a 13th day on Friday, with no talks scheduled between management and the United Steelworkers of America union. Noranda's zinc processing facility in Salaberry-de-Valleyfield is the second-largest in North America and largest in eastern North America, where the...

  • *OPEC compliance 88 percent based on industry average. *LBBW cuts year-end Brent price forecast by $5 to $55/ bbl. NEW YORK, Feb 24- Oil prices slid nearly 1 percent on Friday as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.

  • HOUSTON, Feb 24- Refiners and pipeline shippers in the Salt Lake City area are facing new delays obtaining crude oil after a pipeline outage last week was followed by snow on Friday that made it difficult to deliver much-needed oil by truck. The 16- inch Wahsatch pipeline can carry roughly 100,000 barrels per day of crude from locations near Evanston, Wyoming, to...

  • More than 500,000 toddler swings are being recalled because the seat can crack or break. Other recalled consumer products include toys with potentially dangerous battery components and chain saws with leaky fuel lines. They were sold at Walmart, Toys "R'' Us and other stores nationwide and online at www.littletikes.com and other websites from November 2009...

  • NEW YORK, Feb 24- A New York state judge has dismissed a lawsuit accusing the Sequoia Fund, known for its ties to Warren Buffett, of recklessly making a huge, disastrous investment in Valeant Pharmaceuticals International Inc, causing billions of dollars of losses. Justice O. Peter Sherwood of the State Supreme Court in White Plains, New York, said Sequoia...

  • Feb 24- Puerto Rico Governor Ricardo Rossello said on Friday he was "committed to establishing a working relationship" and fostering "open dialogue" with U.S. Rossello has signed more than 20 bills and executive orders aimed at cutting spending and fostering economic growth, but Puerto Rico faces a long haul out of an economic crisis characterized by a 45 percent...

  • Feb 24- Puerto Rico Governor Ricardo Rossello said on Friday he was "committed to establishing a working relationship" and fostering "open dialog" with U.S. Rossello has signed more than 20 bills and executive orders aimed at cutting spending and fostering economic growth, but Puerto Rico faces a long haul out of an economic crisis characterized by a 45 percent...

  • As of 11:58 a.m. CST, Chicago Board of Trade March wheat was down 7 cents at $4.31 per bushel after dipping to $4.30, its lowest since Feb. 9. March soybeans were up 3/ 4 cent at $10.12-1/ 4 a bushel, rebounding after falling to $10.09-1/ 4, its lowest since Jan. 12. As you violate some technical signals, you've got the potential for some further liquidation, "said Terry Linn,...

  • District Judge Katherine Polk Failla in Manhattan came in a lawsuit the Atlanta- based company filed in December, accusing JPMorgan Chase& Co of withholding consent to parts of its refinancing plan.

  • NEW YORK, Feb 24- A Republican-backed border tax proposal that drew some praise from U.S. President Donald Trump would actually dampen both exports and imports, research co-authored by an economist at the Federal Reserve Bank of New York said on Friday. The research authors are Mary Amiti, assistant vice president in the New York Fed's research unit, Oleg...

  • WASHINGTON, Feb 24- The U.S. Federal Communications Commission will block Obama administration rules that subject broadband providers to stricter scrutiny than websites, a spokesman said on Friday, in a victory for internet providers like AT&T Inc, Comcast Corp and Verizon Communications Inc.. The rules approved by the FCC in October in a 3-2 vote were aimed at...

  • Feb 24- Fannie Mae said on Friday it secured commitments for a second transaction under which the U.S. mortgage finance agency will transfer some credit risk to reinsurers on $15 billion worth of single-family home loans it plans to buy from lenders. The Washington- based company said it will retain risk for the first 50 basis points of loss on the pool of loans...

  • HERNANDARIAS, Paraguay, Feb 24- When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank $2 million into a new factory not in its native Brazil- the region's largest economy- but in its tiny southern neighbor Paraguay. Paraguay has important competitive advantages: cheap energy, labor flexibility and low social...

  • HERNANDARIAS, Paraguay, Feb 24- When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank $2 million into a new factory not in its native Brazil- the region's largest economy- but in its tiny southern neighbor Paraguay. Paraguay has important competitive advantages: cheap energy, labor flexibility and low social...

  • HERNANDARIAS, Paraguay, Feb 24- When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank $2 million into a new factory not in its native Brazil- the region's largest economy- but in its tiny southern neighbor Paraguay. Paraguay has important competitive advantages: cheap energy, labor flexibility and low social...

  • HERNANDARIAS, Paraguay, Feb 24- When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank $2 million into a new factory not in its native Brazil- the region's largest economy- but in its tiny southern neighbor Paraguay. Paraguay has important competitive advantages: cheap energy, labor flexibility and low social...

  • JUDGE SAYS CUMULUS MEDIA INC CANNOT PROCEED WITH PROPOSED REFINANCING PLAN- COURT HEARING.

  • DISTRICT JUDGE KATHERINE POLK FAILLA SAYS CUMULUS' PLAN IS NOT ALLOWED UNDER 2013 CREDIT AGREEMENT.

  • NEW YORK, Feb 24- U.S. drillers added oil rigs for a sixth consecutive week, extending a nine-month recovery as shale producers ramp up spending to take advantage of a recovery in oil prices. The oil rig count plunged from a record 1,609 in October 2014 to a six-year low of 316 in May as U.S. crude collapsed from over $107 a barrel in June 2014 to near $26 in February 2016.

  • CALGARY, Alberta _ Enerplus Corp. on Friday reported fourth-quarter net income of $629.5 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Calgary, Alberta- based company said it had profit of $2.57. Enerplus shares have declined slightly more than 7 percent since the beginning of the year.