×

Wires

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in its sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • PARIS, June 22- Airbus sales chief John Leahy, one of the dominant figures of modern aviation, hinted on Thursday he would retire this autumn, as he wrapped up what he said would be his last air show by revealing a few precious negotiating tricks. The 67- year-old New Yorker, who has overseen the sale of more than 10,000 aircraft worth $1 trillion since 1994, has said he...

  • June 22- A committee of large international banks on Thursday voted to adopt an interest rate benchmark from the Treasuries-backed repurchase agreement market as an alternative to the use of Libor in around $150 trillion worth of derivatives. The Alternative Reference Rates Committee was tasked with selecting a new rate at the behest of regulators...

  • *18 mln euro UK launch as firm cuts costs after Kraft bid. PORT SUNLIGHT, England, June 22- Nearly three months after Unilever CEO Paul Polman promised shareholders greater returns coupled with investments to drive growth, the launch of what it calls the biggest laundry breakthrough in a decade will be a key test of whether it can put its money where its mouth is.

  • NEW YORK, June 22- Sterling touched session highs against the dollar and euro in late Thursday U.S. trading after comments from Bank of England policy-maker Kristin Forbes who said "' lift-off' of UK interest rates should not be delayed any longer" in a speech to the London School of Business.

  • NEW YORK, June 22- U.S. healthcare stocks posted sharp gains on Thursday, with hospitals and insurers climbing after Senate Republicans released a draft bill to replace Obamacare, while a recent surge in biotechnology shares showed no signs of slowing. Shares of hospitals and health insurers, the main focus of investors during Republican efforts to dismantle...

  • BANK COMMITTEE SELECTS REPO AS A US BENCHMARK RATE ALTERNATIVE TO LIBOR FOR INTEREST RATE SWAPS.

  • NEW YORK, June 22- U.S. The yield curve between five-year notes and 30- year bonds briefly flattened to 94.9 basis points, the narrowest since December 2007, as 30- year Treasury yields hit more than a seven-month low of 2.713 percent. "At least today the long-end rally is taking a pause," said Stanley Sun, interest rate strategist at Nomura Securities International...

  • NEW YORK/ LONDON, June 22- Gold rose on Thursday, rising quietly above the prior session's five-week low as the dollar steadied and the 200- day moving average provided short-term support below the market. Spot gold was up 0.3 percent at $1,249.17 an ounce by. You can't say this is anything more than a consolidation in gold, "said Bill O'Neill, co-founder of LOGIC...

  • MEXICO CITY, June 22- Mexico's central bank board made a divided decision to raise interest rates on Thursday and policymakers suggested that they may have raised borrowing costs enough to contain a spike in inflation. Banco de Mexico raised its benchmark rate by a quarter percentage point to 7.00 percent, as expected by all 17 analysts surveyed by Reuters last...

  • SAN FRANCISCO, June 22- A California state judge said on Thursday that San Francisco can demand from Uber records containing the ride-hailing company's driver contact information, the city attorney said. San Francisco City Attorney Dennis Herrera last month sought a court order compelling Uber Technologies Inc to comply with the city's demands for...

  • GOLDMAN COO: I DONT TALK TO GARY COHN AS MUCH NOW, ITS AWKWARD FOR US TO TALK TO HIM.

  • NEW YORK, June 22- Oil rose on Thursday, a day after hitting 10- month lows, but market sentiment remained negative because the global crude glut has persisted despite OPEC- led output cuts. Brent crude futures ended 40 cents higher to $45.22 a barrel, after falling as low as $44.53. Crude has dropped around 20 percent since late February, erasing gains after OPEC and...

  • STERLING REACHES SESSION HIGHS AGAINST DOLLAR, EURO IN THE WAKE COMMENTS FROM BOE'S FORBES.

  • GOLDMAN SACHS GROUP INC PRESIDENT AND CO-COO HARVEY SCHWARTZ ON CNBC: WE'RE BIG SUPPORTERS OF STRESS TESTING, IT IS A CRITICAL PART OF RISK MANAGEMENT.

  • NEW YORK, June 22- U.S. The yield curve between five-year notes and 30- year bonds briefly flattened to 94.9 basis points, the narrowest since December 2007, as 30- year Treasury yields hit more than a seven-month low of 2.713 percent. "At least today the long-end rally is taking a pause," said Stanley Sun, interest rate strategist at Nomura Securities International...

  • QUEBEC CITY, June 22- Quebec, Canadas second-most populous province, said on Thursday its budget surplus for the year ended March 31 totaled C $4.5 billion, almost double its target, as it spent less and took in more taxes than it had forecast. That put Quebec's S&P rating above Ontario's, which is Canada's most populous province, for the first time since 2006..

  • *Norwegian crown rises after Norges Bank removes easing bias. NEW YORK, June 22- The dollar was little changed against a basket of currencies on Thursday as low U.S. bond yields offset in-line data on domestic jobless claims and home prices, keeping it close to the one-month peak it reached earlier this week. The yen garnered some safe-haven demand on early...

  • June 22- The U.S. Federal Communications Commission on Thursday proposed a $120 million fine on a Florida resident alleged to have made almost 100 million spoofed robocalls to trick consumers with "exclusive" vacation deals from well-known travel and hospitality companies. The man, identified as Adrian Abramovich, allegedly made 96 million robocalls during...

  • Companies signed up for $7.7 billion in new loans, leases and lines of credit in May, according to the Equipment Leasing and Finance Association. Washington- based ELFA, a trade body that reports economic activity for the $1 trillion equipment finance sector, said credit approvals totaled 77 percent in May, up from 75.9 percent in April. It is designed to...