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Wires

  • LONDON, April 25- Britons are cutting back on their daily coffee fix and hesitating before splashing out on bigger items such as new carpets, retailers said on Tuesday, further signs that consumer spending is slowing sharply ahead of a national election in June. Britons are starting to feel the strain of rising prices after last year's vote to leave the European...

  • MIDVALE, Utah _ Utah Medical Products Inc. on Tuesday reported first-quarter earnings of $3.5 million. On a per-share basis, the Midvale, Utah- based company said it had profit of 95 cents. Keywords: Utah Medical Products, Earnings Report.

  • ROME— Alitalia is expected to start bankruptcy procedures after employees rejected proposed salary cuts and layoffs cuts aimed at saving Italy's financially troubled flagship airline. The company's board said Tuesday that "given the impossibility of recapitalization" it has decided to "begin procedures foreseen by law," a reference to extraordinary...

  • BEDMINSTER, N.J. _ Peapack-Gladstone Financial Corp. on Tuesday reported first-quarter earnings of $8 million. The Bedminster, New Jersey- based bank said it had earnings of 46 cents per share. Peapack- Gladstone shares have climbed 0.5 percent since the beginning of the year.

  • Freeport, which resumed copper concentrate exports from Indonesia on Friday after securing a six-month permit, said it will immediately begin negotiations with Jakarta on a long-term license for Grasberg, the world's second-biggest copper mine. New rules in Indonesia require miners to divest a 51 percent stake in their operations, relinquish arbitration...

  • NEW YORK— Lady Gaga, "Pokemon Go" and January's Women's March among the winners of this year's Webby Awards. Gaga won a pair of Webbys for her high-tech tribute to David Bowie at last year's Grammys, which was produced in partnership with Intel. The awards will be handed out in New York during a ceremony next month hosted by Joel McHale.

  • KANSAS CITY, Mo. _ UMB Financial Corp. on Tuesday reported first-quarter net income of $44.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share. Four analysts surveyed by Zacks expected $252.6 million.

  • LONDON, April 25- The European Union should hit the pause button on new bank rules ahead of Britain's departure from the bloc, senior bank executives said on Tuesday. But Brexit will remove London, the Europe's biggest financial centre, from the bloc, creating uncertainty over the status of regulations and future trading terms. And in the United States, President...

  • MUNCIE, Ind. _ MutualFirst Financial Inc. on Tuesday reported first-quarter earnings of $3.2 million. MutualFirst Financial shares have decreased slightly more than 2 percent since the beginning of the year. Keywords: MutualFirst Financial, Earnings Report.

  • RIYADH, April 25- A glitzy $10 billion financial district in Riyadh hopes to open its first phase for business this year but is struggling with red tape and uncertainty about its ownership, showing the challenges facing Saudi Arabia's economic reforms. Construction of King Abdullah Financial District began in 2006, but the project has been plagued by...

  • A Kenyan wildlife conservancy is teaming up with Tinder for a campaign called "The Most Eligible Bachelor in the World," focusing on the rhino named Sudan. The 43- year-old Sudan and his last two female companions are unable to breed naturally because of issues that include old age. The campaign by the Ol Pejeta Conservancy and Tinder aims to raise $9 million.

  • LONDON, April 25- China will lead growth in global wind power capacity of almost 65 percent over the next five years, with other Asian countries also developing more renewable energy, the Global Wind Energy Council said on Tuesday. While China will continue to lead the global market, other countries such as India, which set a record for new wind installations last...

  • Hyundai introduced a flaw in a Dec. 8 update to the mobile app for its Blue Link connected car software that made it possible for car thieves to locate vulnerable vehicles, unlock and start them, said Tod Beardsley, research director with cyber security firm Rapid7 Inc.. Hyundai confirmed the bug's existence and said it moved quickly to fix the problem.

  • NEW YORK, April 25- U.S. single-family home prices accelerated at a faster pace than expected in February, supported by a low inventory of housing stock, a survey showed on Tuesday. February's result topped the estimate of a 5.7 percent increase from a Reuters poll of economists and was the biggest year-on-year increase since July 2014. David M. Blitzer, managing...

  • MEMPHIS, Tenn. _ Mueller Industries Inc. on Tuesday reported first-quarter net income of $30 million. Mueller Industries shares have declined 15 percent since the beginning of the year. Keywords: Mueller Industries, Earnings Report.

  • OTTAWA, April 25- Canadian Natural Resources Minister Jim Carr will hold a news conference at 1 pm eastern on Tuesday to react to a U.S. decision to impose duties on softwood lumber exports, the government said.

  • Better-than-expected quarterly profits from Dow components, including Caterpillar and McDonald's, are likely to help the blue-chip index outperform other major Wall Street indexes in active trading. Investor sentiment took a turn over the weekend after centrist and pro- European Union candidate Emmanuel Macron won the first round of the French...

  • WASHINGTON— U.S. homes prices rose steadily upward in February as more homebuyers chased fewer available properties. The Standard& Poor's CoreLogic Case-Shiller national home price index increased 5.8 percent in February, the most in 32 months. The cities with the biggest annual price gains were Seattle; Portland, Oregon; and Dallas.

  • NEW YORK, April 25- Everyone has chuckled about millennial generation stereotypes: slackers hanging out in their parents' basements, playing video games and binge-watching Netflix. That creaky stereotype requires some revision. For those transitioning into their prime earning years, Erin Lowry has a new money guidebook.

  • A simultaneous premiere for the movie "Descendants 2" will air across Disney Channel, ABC, Disney XD, Freeform and Lifetime on July 21 at 8:00 p.m. ET/ PT, the company said in a statement on Tuesday. These include live feeds and on-demand streaming on the Disney Channel, ABC, Freeform and Lifetime apps from Friday, July 21 at 10:00 p.m. ET and on Disney Channel, ABC,...