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Top News & Analysis North America

  • NEW YORK, Aug 22- The dollar rallied on Tuesday after falling for two straight days, benefiting from the euro's decline following weaker-than-expected euro zone data as well as investors adjusting positions ahead of a global central bankers' conference this week. "The heavy short positioning on the dollar and some of the foreign growth momentum stabilizing,...

  • An attorney for Greenpeace says a lawsuit filed against it and other environmental groups by the developer of the Dakota Access pipeline is meritless. Texas- based Energy Transfer Partners alleges that the groups' actions opposing the pipeline to move North Dakota oil to Illinois interfered with its business, facilitated crimes and acts of terrorism,...

  • Senate Majority Leader Mitch McConnell said on Monday that there was "zero chance" that the United States will fail to raise the debt ceiling, allaying concerns that the United States is poised to default on its debt. "Most of the investors that were on the sidelines just needed a little bit of a flare gun that was positive to say that these next few weeks, were going to...

  • Aug 22- Private equity firm Blackstone Group LP is exploring an initial public offering of Gates Global LLC, three years after it acquired the U.S. auto parts and building products maker for $5.4 billion, people familiar with the matter said on Tuesday. Based in Denver, Colorado, Gates manufactures power transmission belts and fluid power products used in...

  • BRASILIA/ RIO DE JANEIRO, Aug 22- Brazil's plan to privatize power holding company Centrais Elétricas Brasileiras SA could help lure investment into the industry rather than simply help cut the budget deficit, officials said on Tuesday as the move sparked a surge in shares of state-controlled firms. The transaction should be concluded by mid-2018, and could...

  • Aug 22- Warren Buffett's failure to clinch a $9 billion takeover of the Texas utility Oncor prompted S&P Global Ratings on Tuesday to say the billionaire's Berkshire Hathaway Inc is no longer at risk of a credit rating downgrade. S&P affirmed Berkshire's "AA" rating, its third-highest grade, with a "stable" outlook after Sempra Energy struck an agreement with...

  • *Libya's Sharara field reopens after repeated disruptions-sources. NEW YORK, Aug 22- Oil inched up on Tuesday, lifted by expectations of another crude stockpile drawdown in the United States but price gains were limited amid the reopening of Libya's largest oil field. Libya's Sharara oil field was gradually reopening after its latest shutdown, field workers...

  • CHICAGO, Aug 22- The sale of up to $6 billion of bonds by Illinois to shrink its enormous unpaid bill backlog, an action the governor has yet to take, could protect the state from a credit rating downgrade to junk, S&P Global Ratings said on Tuesday. "Therefore, the state may realize net fiscal savings which we believe Illinois can ill-afford to pass up given its...

  • Aug 22- Energy Transfer Partners LP on Tuesday filed a lawsuit against Greenpeace and other environmental groups, accusing them of launching an "eco-terrorism" campaign aimed at blocking the Dakota Access Pipeline, the center of months of opposition by Native American and green groups. The pipeline operator alleged that Greenpeace, Earth First and other...

  • CARACAS/ BOGOTA, Aug 22- Relations between Caracas and Washington are at their lowest point ever, Venezuela's President Nicolas Maduro said on Tuesday in a speech at the presidential palace for international media that was televised to the nation. "Unfortunately we are in the worst moment of the relationship with the government of the United States," said Maduro.

  • HOUSTON, Aug 22- Chevron Corp Chief Executive John Watson will step down by next month and likely be replaced by Vice Chairman Mike Wirth, a source familiar with the matter told Reuters on Tuesday. Watson, an economist by training, rose through the company's ranks, served as its chief financial officer, and earlier oversaw the integration of Texaco operations...

  • WASHINGTON, Aug 22- The United States on Tuesday imposed new North Korea- related sanctions, targeting Chinese and Russian firms and individuals for supporting Pyongyang's weapons programs, but stopped short of an anticipated focus on Chinese banks. The move follows toughened United Nations sanctions agreed this month after North Korea tested its first two...

  • NEW YORK— Panera Bread will start listing the amount of added sugar and calories on the cups for seven drinks, including cola and iced teas. Panera said the new cups will be available in eight cities this week, including New York, Chicago and St. Louis. CEO Ron Shaich said the cups list the amount of added sugar in teaspoons instead of grams because it's less confusing.

  • 1. "America's Got Talent", NBC, 13.44 million. 4. "60 Minutes," CBS, 7.80 million. 5. "Big Brother", CBS, 6.48 million.

  • CARACAS/ BOGOTA, Aug 22- Relations between Caracas and Washington are at their lowest point ever, Venezuela's President Nicolas Maduro said on Tuesday in a speech at the presidential palace for international media that was televised to the nation. President Donald Trump should be respectful of each other and that relations between Venezuela and the United...

  • *Investors watching U.S. military drills with South Korea. NEW YORK/ LONDON, Aug 22- Gold prices fell on Tuesday, pressured by the stronger U.S. dollar ahead of an annual meeting of central bankers this week, while palladium fell from its highest level since February 2001. Investors awaited speeches by European Central Bank President Mario Draghi and U.S.

  • But NBC had the week's most-watched shows: two nights of "America's Got Talent," with 13.4 million and 10.9 million viewers. "Marlon," a new NBC sitcom starring Marlon Wayans, premiered in 13th place with 5.2 million viewers. Runner-up CBS had 4.2 million, while ABC had 3.7 million, Fox had 1.7 million, Telemundo had 1.5 million, Univision had 1.4 million, ION Television...

  • Aug 22- Private equity firm Blackstone Group LP is exploring an initial public offering of Gates Global LLC, three years after it acquired the U.S. auto parts and building products maker for $5.4 billion, people familiar with the matter said on Tuesday. The IPO would follow a major turnout at the company under Blackstone, which had to implement a program of...

  • Traders were tracking the annual Farm Journal Midwest Crop Tour, which found below-average corn yield potential in Indiana and above-average in Nebraska while soybean pod counts were average to below-average in the states. Benchmark CBOT December wheat fell 6-1/ 4 cents to $4.30-3/ 4 per bushel, a decline of 1.5 percent, as of 1 p.m. CDT. "There's not enough reason...

  • *Wall Street rises, led by tech, material stocks. NEW YORK, Aug 22- Global equity markets rose on Tuesday, lifted by mining companies in Europe and technology shares on Wall Street, while crude oil rebounded on indications supply is gradually tightening, especially in the United States. Treasury and gold prices fell ahead of an annual meeting this week of central...