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Wires

  • NEW YORK, March 23- Investors eased off from "Trump trade" bets during the latest week, snatching the most money from bank sector funds in more than a year and stockpiling bonds, Lipper data for U.S.-based funds showed on Thursday. U.S.-based taxable bond funds absorbed $8.3 billion in cash during the week ended March 22, the most in eight months, while investors...

  • Chocolate maker Hershey rejected a $23 billion bid last summer from Oreo cookie owner Mondelez, as the Hershey Trust, which can veto a deal, was embroiled in a row with its overseer that resulted in departures at the trust and Hershey's board. Hershey disclosed it was nominating two new members to its board, Diane Koken and James Brown, who also sit on the Hershey...

  • March 23- Amazon.com Inc on Thursday won a more than $1.5 billion tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago. Tax Court rejected a variety of IRS arguments, and found that on several occasions the agency abused its discretion, or acted arbitrarily or capriciously. Lauber's decision "should...

  • Senate Democratic leader Chuck Schumer pledges to pursue a procedural hurdle to try to block the confirmation of Trump's Supreme Court nominee, Neil Gorsuch, a move that could provoke a nasty partisan fight and change the way the Senate does business. The Senate narrowly confirms Trump's nominee for ambassador to Israel, David Friedman, an outspoken...

  • PITTSBURGH— And they say cats have nine lives. A gas explosion that leveled a home in the Pittsburgh suburbs on Thursday afternoon somehow spared two dogs that were inside at the time. People's Gas spokesman Barry Kukovich says crews are working to determine the cause of the explosion, which destroyed the house.

  • TOKYO, March 24- Confidence among Japanese manufacturers rose for a seventh straight month in March to a three-year high, while the service sector's mood held steady, a Reuters poll showed, highlighting an export-led economic recovery. The Reuters' monthly poll- which tracks the Bank of Japan's key quarterly tankan- found confidence at both manufacturers and...

  • SEOUL/ PARIS, March 24- South Korea's KEPCO, the likeliest suitor for Toshiba Corp's troubled nuclear business, is holding off from making an approach because of question marks over the scale of damage at the unit and political uncertainty in both South Korea and the United States, people with direct knowledge of the matter say. State-controlled Korea Electric...

  • WASHINGTON, March 23- Saudi Arabia is having "serious discussions" with the New York Stock Exchange about having the NYSE as one of the exchanges for state oil giant Saudi Aramco's IPO, the Saudi foreign minister told Fox News on Thursday. "Our objective is to try to complete the IPO sometime in 2018. There are serious discussions with the New York Stock Exchange...

  • BRASILIA, March 23- Brazilian steelmaker Usiminas said on Thursday its board has appointed Sergio Leite as the company's new Chief Executive Officer.

  • DALLAS— The head of the pilots' union said Thursday that American Airlines is leaving thousands of standby passengers at the gate to make sure that flights depart on time. Nearly 20,000 passengers were denied boarding in February even though there were empty seats, Dan Carey, president of the Allied Pilots Association, said. American carried more than 14 million...

  • WASHINGTON, March 23- Iran would face tighter U.S. sanctions over ballistic missile launches and other non-nuclear activities under a bill announced on Thursday by a bipartisan group of senators, echoing a harder line on Tehran espoused by Republican President Donald Trump. The legislation would also require the U.S. president to block the property of any...

  • *Expects Q3 adj profit $1.43- $1.57/ shr vs. est $0.90/ shr. *DRAM chip prices up 21 pct in Q2. March 23- Micron Technology Inc forecast current-quarter revenue and profit far ahead of analysts' estimates as prices for memory chips climb amid tight supplies and demand surges for storage chips used in smartphones.

  • March 23- U.S. biodiesel producers on Thursday asked the U.S. government to impose antidumping duties on imports of biodiesel from Argentina and Indonesia that it says have flooded the U.S. market and violated trade agreements. The group includes Louis Dreyfus Co, which makes biodiesel in Argentina, and Wilmar International Ltd, a maker of biodiesel in...

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. OPEC's largest producer, Saudi Arabia, expects crude exports to the United States in March will fall by around 300,000 barrels per day from February, in line with the supply-cut agreement OPEC struck in November, a Saudi energy ministry official said. OPEC has broadly met its commitments to reduce output, but...

  • The North American Free Trade Agreement with Mexico and Canada will top the list of trade deals to be reviewed, which affect 20 countries from the Americas to Asia, the officials told Reuters. Politico first reported the plan for the two orders, quoting a senior administration official as saying the trade orders would help shift the White House narrative "to a...

  • The SEC said the purchases resulted in about $427,000 of profit for Darvasi and $4.5 million for Waldman, after the announcement caused shares of Jerusalem- based Mobileye to rise 28.2 percent in one day. According to the SEC, both defendants were connected to Mobileye insiders through the scientific academic community at the Hebrew University of Jerusalem,...

  • WELLINGTON, March 24- New Zealand Prime Minister Bill English on Friday announced a renewed push to promote free trade in his first major trade policy announcement since taking over as leader last December. New Zealand's $180 billion economy depends on exports, and the country lobbied hard in favour of the Trans-Pacific Partnership trade deal.

  • WASHINGTON, March 23- The Trump International Hotel in Washington is not in violation of federal conflict-of-interest rules that bar elected officials from taking part in a lease of federal property, the U.S. General Services Administration said on Thursday. Critics argued that the luxury hotel housed in the historic Old Post Office a few blocks from the...

  • WASHINGTON, March 23- Iran would face tighter U.S. sanctions over ballistic missile launches and other non-nuclear activities under a bill announced on Thursday by a bipartisan group of senators, echoing a harder line on Tehran espoused by Republican President Donald Trump. The legislation would also require the U.S. president to block the property of any...

  • The White House has insisted there is no "Plan B" if the bill fails. I told him that personally, "said North Carolina Congressman Mark Meadows, the chairman of a group of conservatives known as the Freedom Caucus, which has been critical of the bill. As the healthcare drama unfolded on Capitol Hill, Trump took a break from the negotiations to talk about the issue and hang...