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Wires

  • *Company cuts IPO price range to $10- $11 per share. The move came after potential IPO investors pushed back against the New York- based company's valuation expectations, expressing concerns not just about the impact of Amazon's Whole Foods deal, but also about Blue Apron's costly marketing strategy and lack of profitability, people familiar with the matter...

  • June 28- U.S. seeds and agrochemicals company Monsanto Co, which is in the process of being bought by Germany's Bayer AG, reported a stronger-than-expected quarterly profit on Wednesday as record soybean plantings lifted seed sales. Record soybean seedings in the United States and Brazil, the top two producers, were a boon for the world's largest seed company.

  • June 28- U.S. crude oil inventories edged up last week while gasoline stocks decreased, the Energy Information Administration said on Wednesday, providing a modest lift to oil prices that have been pressured by an ongoing supply glut. The current gasoline crack spread on the New York Mercantile Exchange, an indicator of refining margins, of $16.53 a barrel is $3...

  • FRANKFURT, Germany— The battered British pound rose sharply after the head of the Bank of England made remarks that could be seen as bringing an interest-rate increase closer. The pound's value against the U.S. dollar jumped after the Bank of England governor, Mark Carney, said in remarks prepared for a conference in Sintra, Portugal that an improving economy...

  • JUDGE DENIES LENDERS' REQUEST TO HALT J. CREW GROUP INC DEBT RESTRUCTURING DEAL.

  • June 28- Wall Street was higher in late morning trading on Wednesday as financial and consumer stocks led a broad rally among the major sectors. Bank stock reflected a rise in treasury yields, following a Reuters report that the market had overinterpreted chief Mario Draghi's comments that the ECB was ready to start withdrawing the emergency stimulus for the...

  • NEW YORK— While hiking in the Himalayas for three weeks, Mike Scanlin had no cellphone service much of the time and no way to charge his phone. Running his business— a one-man operation— became a very sporadic proposition. "I felt I was going to lose customers, lose some business if they couldn't get a response for three days," says Scanlin, owner of Born to Sell, a business...

  • LONDON, June 28- Sterling surged to a three-week high and Britain's FTSE 100 stock index fell on Wednesday, after Bank of England Governor Mark Carney said an interest rate rise was probably necessary and the bank would debate this "in the coming months." The pound jumped by well over a cent after Carney's comments to hit $1.2971, its strongest since June 9, the day of...

  • WILMINGTON, Del.— A Delaware court has reversed a decision that would have let Westinghouse Electric Co. try to recoup about $2 billion from a business partner over cost overruns at nuclear plant projects in Georgia and South Carolina. Toshiba-owned Westinghouse has been mired in a dispute linked to its 2015 acquisition of Stone& Webster from Chicago Bridge&...

  • A cyber attack wreaked havoc around the globe on Wednesday, disrupting operations at ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia.

  • June 28- The chief mediator in Puerto Rico's massive bankruptcy set an initial meeting with the U.S. territory and its creditors for July 12, saying it would be introductory, rather than substantive. Federal Judge Barbara Houser, speaking at a court hearing in San Juan on Wednesday, said the meeting would be mandatory for Puerto Rico's stakeholders, though...

  • June 28- Fred's Inc, which is buying stores from Rite Aid as part of the company's deal to be acquired by Walgreens, said its board adopted a shareholder rights plan in light of "increased trading activity" ahead of a decision on the deal. The Federal Trade Commission, the U.S. antitrust watchdog, is expected to reach a decision on the deal by July 7.

  • SIOUX FALLS, S.D.— The Latest on the settlement between Beef Products Inc. and ABC over the meat producer's "pink slime" defamation lawsuit:. Dakota Dunes- based Beef Products Inc. sued the television network in 2012, saying ABC's coverage misled consumers into believing the product is unsafe and led to the closure of three plants and layoffs of roughly 700...

  • SAO PAULO/ BRASILIA, June 28- Loan defaults in Brazil hit a fresh record in May, the latest evidence that the country's harshest recession ever and fallout from a wave of corruption probes have significantly hampered the ability of corporate borrowers to stay current on their debt. Loan book quality has suffered in the face of Brazil's recession and "Operation...

  • WASHINGTON— The Homeland Security Department is set to announce new security measures Wednesday for international flights bound to the United States, which could lead to a lifting of a ban on laptops and other electronics from passenger cabins from certain airports. Industry and U.S. officials briefed on the announcement said airlines flying directly to...

  • LONDON, June 28- Korea Electric Power Corp is in talks to buy a stake in Toshiba's NuGen nuclear project in Britain, a KEPCO executive said on Wednesday, a move that could throw the troubled project a life-line but also delay its start. NuGen, in Moorside, northwest England, is expected to provide around 7 percent of Britain's electricity when built, but has been...

  • Homeland Security officials are announcing on Wednesday new enhanced security measures for flights arriving in the United States from around the world, but are not announcing an immediate expansion of an in-cabin ban on large electronic devices including laptops, sources briefed on the matter said Wednesday. The decision not to impose new restrictions on...

  • NEW YORK, June 28- U.S. bond market liquidity may have turned more fragile since the 2007-2009 global credit crisis due to a shrinkage of dealers' balance sheets, the growth of electronic trading and other structural changes in the bond market, according to a New York Federal Reserve blog published on Wednesday. "We find that dealer balance sheets have continued to...

  • GRAMMY AWARDS TO RETURN TO STAPLES CENTER IN LOS ANGELES IN 2019- STATEMENT.

  • There is no evidence of mispricing in major markets, leverage has been reduced and prime real estate is priced at about fair value, said Peter Hayes, PGIM Real Estate's global head of investment research. PGIM, which manages $65.9 billion in real estate assets, said opportunities can be found in non-gateway U.S. markets such as Dallas and Phoenix and non-central...