Wires

  • STATE STREET CORP TO PAY $64 MILLION TO RESOLVE U.S.

  • SAO PAULO, Jan 18- Brazilian stocks held near a 10- week high on Wednesday as shares of miner Vale SA jumped on hopes that the renewal of a shareholder agreement could improve corporate governance. Analysts at Banco BTG Pactual SA said the changes to corporate governance included in the revised accord could unlock up to $18 billion in value.

  • U.S. homebuilders are feeling slightly less confident this month about their sales prospects, a pullback from December when builders' confidence reached the highest level in 11 years. The decline in builder confidence comes amid heightened concerns about how rising mortgage rates could affect sales this year. The National Association of Home...

  • BANK OF CANADA HOLDS O/N INTEREST RATE AT 0.50 PCT; SAYS GLOBAL OUTLOOK UNCERTAINTY UNDIMINISHED, PARTICULARLY REGARDING U.S.

  • SAN FRANCISCO, Jan 18- After a marathon search lasting more than a year, Silicon Valley company DocuSign announced on Wednesday it hired a new chief executive. DocuSign, a $3 billion company that makes software to add legally compliant electronic signatures to documents, hired Dan Springer to take the top job. Keith Krach, who has served as DocuSign's CEO for more...

  • FRANKFURT, Jan 18- The Dutch government on Wednesday joined several other European Union states in bidding to become the host country of the European Medicines Agency once Britain leaves the bloc. Italy, Spain, France and Poland- among others- have also put themselves forward as potential hosts. The Netherlands is already the site of the International Criminal...

  • PIKEVILLE, Ky. _ Community Trust Bancorp Inc. on Wednesday reported fourth-quarter net income of $11.9 million. The bank holding company for Community Trust Bank posted revenue of $49.5 million in the period. Community Trust Bancorp shares have dropped slightly more than 2 percent since the beginning of the year.

  • The tribe and its supporters say the $3.8 billion pipeline to carry North Dakota oil to a shipping point in Illinois threatens drinking water and cultural sites. The Army says it's planning to study the potential environmental impact of routing the $3.8 billion Dakota Access pipeline under the Missouri River in North Dakota, although a judge could stall the...

  • MEXICO CITY, Jan 18- A deeply unpopular fuel price hike has pushed Mexican President Enrique Pena Nieto's approval rating to a record low of just 12 percent, the worst for any president in decades, a newspaper poll showed on Wednesday. Pena Nieto's government has been battered by a lackluster economy, corruption scandals, rampant violence, and most recently the...

  • NEW YORK— The latest on developments in financial markets:. Kohl's slumped 4 percent and Macy's and Dollar Tree each lost 2 percent. Transocean was down 2 percent in early trading.

  • LONDON— The first direct freight train service from China to London has arrived. The 18- day trip saw dozens of containers packed mainly with clothes transported from the city of Yiwu in eastern China to Barking in east London, via Kazakhstan, Russia, Belarus, Poland and western Europe. China Railway already has freight services to European destinations...

  • TORONTO, Jan 18- Canada's main stock index slipped in early trade on Wednesday, weighed down by energy stocks as oil prices slid and by a slump in uranium miner Cameco Corp after it warned of a net loss and job cuts. The Toronto Stock Exchange's S&P/TSX composite index was down 42.55 points, or 0.28 percent, at 15,398.81 shortly after the open. Seven of its 10 main...

  • NAIROBI, Jan 18- Privately-owned Nakumatt, Kenya's biggest supermarket chain by sales, has agreed to sell a 25 percent stake to a foreign fund for $75 million, part of an effort to bolster its balance sheet and pay off debts, its managing director said on Wednesday. Nakumatt, which started with a single store in Nairobi in 1992, operates 68 outlets in Kenya and...

  • LEXINGTON, S.C. _ First Community Corp. on Wednesday reported fourth-quarter profit of $1.8 million. The holding company for First Community Bank posted revenue of $9.7 million in the period. First Community shares have increased nearly 3 percent since the beginning of the year.

  • DUBAI, Jan 18- Shares in Saudi Electricity Co weighed on Saudi Arabia's stock market on Wednesday after the company reported a wider net loss for the fourth quarter, while Egypt's index pulled back as local traders booked gains in blue chips. The Saudi equities index edged down 0.3 percent as SEC slumped 3.4 percent after posting a quarterly loss of 2.34 billion...

  • **HomeServices of America Inc, a unit of Warren Buffett's Berkshire Hathaway Inc, on Tuesday said it has purchased the Houlihan Lawrence residential real estate firm, its second foray into the New York City area this month. **German carmaker Volkswagen said it would not produce or sell any Audi cars with SAIC Motor Corp until at least 2018, seeking first to...

  • It's located along Route 28 in Frazer Township, about 20 miles northeast of Pittsburgh. It was developed by Johnstown- based Zamias Services Inc. and Mills Corp. a Virginia firm that has since gone bankrupt. Pittsburgh Mills Limited Partnership, which owns the mall and is owned by Zamias, owes Wells Fargo about $143 million including deferred payments and...

  • ISTANBUL, Jan 18- Turkey's lira weakened against the dollar on Wednesday as the central bank's push to shore up the currency through swap auctions failed to deliver a recovery that analysts say likely requires an aggressive rate hike. The central bank has rolled out a series of measures since last week- culminating in the introduction of forex swap auctions on...

  • LAGOS, Jan 18- Nigerian lawmakers have adopted an official exchange rate of 305 naira per dollar for the 2017 budget but have asked the central bank to initiate measures to close the 40 percent spread with the black market, the deputy senate president said on Wednesday. But the gap of 40 percent to the parallel market is discouraging investment from overseas and...

  • BEIRUT, Jan 18- Iran and China will sign a $3 billion contract next month to upgrade Iran's oil refining capacity, according to Iran's Mehr News agency. Iran's deputy oil minister Abbas Kazemi said in Tehran on Tuesday that the deal will focus on upgrading the Abadan oil refinery, Mehr said. The deal is expected to be signed when a delegation of Chinese oil officials...