Wires

  • Sept 26- Johnson& Johnson said on Monday that the U.S. Food and Drug Administration approved the company's blockbuster psoriasis drug, Stelara, for use in adults with Crohn's disease. The drug is approved in the United States to treat the skin condition scaly plaque psoriasis and a type of arthritis associated with psoriasis. These treatments include J&J's own...

  • Sept 26- Pipeline operator Williams Cos Inc said on Monday it added two new directors, prompting activist investor Corvex Management LP to withdraw plans to replace the company's entire board. The company named Stephen Chazen, former chief executive of Occidental Petroleum Corp, and Peter Ragauss, former chief financial officer of Baker Hughes Inc, to its...

  • Sept 26- Wall Street was lower on Monday as Pfizer weighed on health stocks and Deutsche Bank on financials. Deutsche Bank's U.S.-listed shares fell 6 percent to a record low of $11.96, and dragged on big Wall Street banks, after a German magazine said Chancellor Angela Merkel has ruled out state assistance for the lender. The bank said it had no need for German...

  • MEXICO CITY, Sept 26- Mexican economic growth slowed in July, but activity in the service sector picked up, official data showed on Monday, suggesting domestic demand is still providing support to Latin America's second-biggest economy. Adjusted for seasonal factors, the economy grew 0.3 percent in July from June, figures from the national statistics agency...

  • LONDON, Sept 26- Gregory Peters, a senior investment officer at PGIM with over $600 billion of fixed income assets, said on Monday his fund had increased exposure to U.S. government bonds and pulled back on high-yield debt due to concerns about the economy. Federal Reserve left monetary policy unchanged at a meeting last week and indicated it would raise rates...

  • PGIM'S PETERS SAYS INTERESTED IN DEBT FROM BRAZIL'S PETROBRAS, MEXICO'S PEMEX AND CEMEX, AND ARGENTINA.

  • PGIM'S PETERS SAYS CHANGES TO PORTFOLIO REFLECT CONCERNS ABOUT U.S.

  • WASHINGTON, Sept 26- New U.S. single-family home sales fell less than expected in August, though prices fell and inventories rose. The Commerce Department said on Monday new home sales fell 7.6 percent to a seasonally adjusted annual rate of 609,000 units last month. That level of annualized sales is the highest since October 2007.

  • WASHINGTON— Sales of new homes retreated in August, one month after surging to the highest level in nearly nine years. The Commerce Department says new home sales dropped 7.6 percent last month to a seasonally adjusted annual rate of 609,000 units. That followed a surge in sales in July, when they jumped 13.8 percent to a rate of 659,000, the fastest pace since...

  • WASHINGTON— Sales of new homes down 7.6 percent in August; nearly all regions post declines.

  • Sept 26- Carnival Corp, the world's largest cruise operator, reported higher-than-expected quarterly profit and revenue and boosted its earnings forecast for the year as its benefits from strong demand for its cruises in North America and Europe. Carnival said it now expects full-year adjusted earnings of $3.33- $3.37 per share, compared with its previous...

  • *Russia and other top world producers gather in Algeria. MOSCOW, Sept 26- Russian oil majors Rosneft and Gazprom Neft are raising the share of production from hard-to-recover reserves, to counter declining conventional output, showing the complexities facing producer nations seeking to tackle a global oversupply of crude. It said the cost of production of...

  • *Trying to limit size of share issue to 5- 6 bln euros. MILAN, Sept 26- Italian bank UniCredit is looking to raise as much as 16 billion euros via a share issue and asset sales that are likely to include online broker FinecoBank, two sources familiar with the matter said. "UniCredit is working on the sale of Pekao, Fineco and Pioneer to cap the capital increase at 5- 6 billion...

  • LONDON, Sept 26- Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the market, with nervous trade driving volatility to its highest since exporters met in April. Members of the Organization of the Petroleum Exporting Countries are meeting informally on the sidelines of the International Energy Forum in...

  • Citigroup and Morgan Stanley sank 2 percent. Alphabet and Cisco Systems both fell 1 percent. Specialty chemicals maker Chemtura jumped 16 percent after Lanxess of Germany agreed to buy it for $2.5 billion.

  • Sept 26- Baltic Exchange on Monday named Mark Jackson, a former Chairman and Director, to replace Chief Executive Officer Jeremy Penn. Baltic Exchange shareholders earlier approved an 87 million pound takeover by Singapore Exchange for one of London's oldest institutions, in a deal that will give SGX access to the multi-billion-dollar freight derivatives...

  • WARRI, Nigeria— Shell Nigeria is refusing to confirm a report by Niger Delta militants that they have bombed its Bonny oil pipeline in the south, crippling its exports. Friday night's bombing breaks a month-long ceasefire between militant groups and the government and comes days after repairs from an earlier attack had allowed exports to resume.

  • *CIB top gainer in Egypt, but overall market volumes low. DUBAI, Sept 26- Saudi banking shares rallied on Monday after the central bank said it would deposit about 20 billion riyals at commercial lenders and introduce two new money market instruments to fight a surge in market interest rates caused by low oil prices. Blue-chip lenders Samba Financial Group and...

  • LONDON, Sept 26- London's role as the world's top financial center could be under threat as the implications of Britain leaving the European Union start to sink in, a survey showed on Monday. The Z/Yen 20th global financial centers index, which looks at 87 financial centers, showed that London remains just ahead of New York, followed by Singapore and Hong Kong.