Wires

  • Aug 23- Twenty-First Century Fox Inc said Stacey Snider would take over as chairman and chief executive of its film studio business on Sept. 1 as Jim Gianopulos was stepping down earlier than planned. The company had said in June that Snider would replace Gianopulos in June 2017. Gianopulos has headed Twentieth Century Fox film studio for 16 years.

  • TORONTO, Aug 23- Canada's main stock index edged up to a one-week high on Tuesday as better-than-expected earnings for Bank of Montreal supported bank stocks, offsetting losses for the materials group. Canada's fourth largest bank reported quarterly results which beat analysts' expectations, benefiting from strength in its commercial banking and capital...

  • SAN FRANCISCO, Aug 23- California sold just over one-third of the carbon permits it offered to cover emissions this year, receiving the minimum price at an auction last week, regulators of the state's cap-and-trade program said on Tuesday. California's cap-and-trade program is a key component of a broader effort to reduce the state's output of heat-trapping...

  • NEW YORK, Aug 23- Oil prices rose on Tuesday after Reuters reported Iran was sending positive signals that it may support joint OPEC action to prop up the market, before the market pared gains on trade data showing a surprise build in U.S. crude stocks. Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries, refused to join a...

  • PHOENIX— A Twitter posting by an Arizona man who was arrested on suspicion of killing his roommate during a struggle could elevate the severity of charges he could face. Two days before the fatal shooting, 21- year-old Zachary Dale Penton posted a comment saying he needed to move out of the Gilbert home where he was living before he killed his roommates.

  • NEW YORK, Aug 23- Fitbit Inc did not steal rival Jawbone's trade secrets, a U.S. International Trade Commission judge ruled on Tuesday, dashing Jawbone's hopes of securing an import ban against Fitbit's wearable fitness tracking devices.

  • *USDA raises good/excellent rating for corn crop. *Pro Farmer tour finds good yield potential in Indiana. Crop ratings typically deteriorate heading into autumn, so the improvement weighed on prices, said Jim Gerlach, president of A/C Trading in Indiana.

  • HOUSTON, Aug 23- The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected because many ships must first undergo inconvenient retrofits to transit through the new locks, shipping industry experts said. While the new parts cost just $1,000 to $3,000 per ship-...

  • BEIJING _ China Distance Education Holdings Ltd. on Tuesday reported fiscal third-quarter net income of $7.4 million. The Beijing- based company said it had profit of 22 cents per share. For the current quarter ending in September, China Distance said it expects revenue in the range of $35.6 million to $37.4 million.

  • INTERNATIONAL TRADE COMMISSION JUDGE SAYS FITBIT DID NOT STEAL JAWBONE'S TRADE SECRETS- RULING.

  • NEW YORK— Stocks posted modest gains on Tuesday, bringing indexes nearly back to the record levels they reached last week. Homebuilders rose sharply following a big jump in sales of new homes last month, and Best Buy soared after the electronics retailer reported a surge in profit as online sales increased. The Dow Jones industrial average rose 17.88 points, or...

  • *Canadian dollar at C $1.2910, or 77.46 U.S. cents. Oil rallied after Reuters reported that Iran was sending positive signals that it may support joint OPEC action to prop up the market. The oil-related news helped push the Canadian dollar through resistance around C $1.2900, although it pared some gains as the market turned its attention to Federal Reserve Chair...

  • SAN FRANCISCO, Aug 23- California sold just over one-third of the carbon permits it offered to cover emissions this year, receiving the minimum price at an auction last week, regulators of the state's cap-and-trade program said on Tuesday. California's cap-and-trade program is a key component of a broader effort to reduce the state's output of heat-trapping...

  • Best Buy Co., up $6.43 to $39.23. Zoe's Kitchen Inc., down $6.41 to $30.84. Tableau Software Inc., up $7.35 to $62.22.

  • HARTFORD, Conn.— A national liquor retailer is taking Connecticut to court over the state's minimum pricing rules for certain alcoholic beverages. Total Wine& More says it filed a lawsuit Tuesday in U.S. District Court challenging Connecticut's long-standing law prohibiting retailers from selling bottles of alcohol, excluding beer, below a minimum price.

  • PALM BEACH GARDENS, Fla. _ Dycom Industries Inc. on Tuesday reported fiscal fourth-quarter net income of $49.4 million. Six analysts surveyed by Zacks expected $772.7 million. For the current quarter ending in November, Dycom Industries expects its per-share earnings to range from $1.55 to $1.70.

  • SAN FRANCISCO— California's latest carbon auction has brought more bad news for Gov. Jerry Brown's landmark programs fighting climate change. California's program is struggling this year against litigation by the state's chamber of commerce and opposition in the state Legislature.

  • PHILADELPHIA _ Lannett Co. on Tuesday reported fiscal fourth-quarter net income of $3.6 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. Lannett expects full-year revenue in the range of $690 million to $700 million.

  • OIL PRICES PARE GAINS IN POST-SETTLEMENT TRADING AFTER API DATA SHOWS BIG SURPRISE BUILD IN U.S.

  • MOUNTAIN VIEW, Calif. _ Intuit Inc. on Tuesday reported a fiscal fourth-quarter loss of $40 million, after reporting a profit in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share. Four analysts surveyed by Zacks expected $731.2 million.