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Wires

  • BOSTON, May 12- BlackRock Inc said on Friday that it voted in favor of a successful shareholder proposal calling for more climate change reporting by Occidental Petroleum Corp, in the first sign the world's largest asset manager was backing up its tough new talk on environmental matters. "Todays historic vote puts the oil and gas industry on notice the climate is...

  • Lidl said in February it planned to open its first 20 U.S. stores in North Carolina, South Carolina and Virginia, with 80 more to follow in the United States within the first year. Lidl is owned by Germany's privately held Schwarz Group. According to the company's website, it is hiring workers in 38 cities in the eastern U.S. states of Delaware, Georgia, Maryland, New...

  • WASHINGTON, May 12- A global cyber attack on Friday renewed concerns about whether the U.S. National Security Agency and other countries' intelligence services too often horde software vulnerabilities for offensive purposes, rather than quickly alerting technology companies to such flaws. "These attacks underscore the fact that vulnerabilities will be...

  • NEW YORK, May 12- New York's banking regulator on Friday sued the U.S. Office of the Comptroller of the Currency over its plan to offer special-purpose charters that would let online lenders and other "fintech" companies do business nationwide, calling the plan "reckless folly." In the lawsuit, Maria Vullo, superintendent of the New York Department of Financial...

  • LONDON/ MADRID, May 12- A global cyberattack leveraging hacking tools widely believed by researchers to have been developed by the U.S. National Security Agency hit international shipper FedEx, disrupted Britain's health system and infected computers in dozens of other countries on Friday. Russian cyber security software maker Kaspersky Lab said its...

  • DUBAI, May 12- Standard& Poor's cut Oman's credit rating to junk on Friday, saying low oil prices had eroded the country's external reserves to the point they could no longer offset the threat of low oil prices. The downgrade made Oman the second of the Gulf's wealthy oil-exporting states to drop below investment-grade because of cheap crude.

  • DETROIT, May 12- The U.S. The complaint is part of a lengthy battle over the NLRB's recognition of the vote by roughly 160 skilled workers at VW's Chattanooga plant in Tennessee to be represented by the United Auto Workers union. In an emailed statement, VW spokesman Scott Wilson said, "We fundamentally disagree with the decision to separate" the skilled workers...

  • BOSTON, May 12- Hedge fund Passport Capital, which once grabbed headlines with triple digit returns, has been hit with fresh losses and its assets continue to shrink, the firm's founder told investors in a letter seen by Reuters on Friday. Assets at the San Francisco- based firm contracted to $2 billion at the end of April, half of what it had managed only a few years...

  • *Canadian dollar at C $1.3710, or 72.94 U.S. cents. TORONTO, May 12- The Canadian dollar edged lower against its broadly weaker U.S. counterpart on Friday, but kept some distance from a recent 14- month low as prices of oil held on to this week's gains. "It has become relatively stable around C $1.37," said Hosen Marjaee, senior managing director, Canadian fixed income at...

  • In October the government and insurance company had a rematch before two judges appointed by Obama, Sri Srinivasan and Patricia Millett, and one by former President George H.W. Bush, a Republican. Republican President Donald Trump, however, has expressed skepticism about the designation process and the council of regulatory heads that assign the labels, and...

  • *OPEC- led production curbs expected to be extended. NEW YORK, May 12- Oil prices settled slightly higher on Friday as lower U.S. crude inventories and increasing support for continued OPEC- led production cuts inspired hope that the global supply glut can be reduced. OPEC and other producers meet on May 25 to decide whether to extend the output cuts they agreed to...

  • TORONTO, May 12- Canada's main stock index closed marginally lower on Friday, weighed by alternative lender Home Capital Group Inc after it acknowledged uncertainty about its ability to continue as a going concern, while natural resource stocks lent support. Excavation company Badger Daylighting Ltd ended down 14.3 percent at C $26.20 after reporting...

  • LONDON/ MADRID, May 12- A global cyberattack leveraging hacking tools widely believed by security researchers to have been developed by the U.S. National Security Agency disrupted Britain's health system and infected computers in dozens of other countries on Friday. Telecommunications company Telefonica was among many targets in Spain, though it said the...

  • BRASILIA/ RIO DE JANEIRO, May 12- Brazilian police are investigating suspected fraud in loans to JBS SA, the world's largest meatpacker, by state development bank BNDES, according to federal court documents released on Friday, adding to scandals circling the company. The Brasilia- based court issued orders to bring in brothers Joesley and Wesley Batista, JBS...

  • May 12- Boeing Co said on Friday it resumed test flights of its $110- million 737 MAX 8 jetliner, just two days after saying it had grounded the entire fleet to address an engine problem. The resumption of flights, which the plane maker said was backed by air safety regulators, is good news for Boeing and engine-maker CFM International, a joint venture between...

  • *Global stock index posts fourth straight weekly gain. *U.S. dollar, stocks, Treasury yields slip after sales, CPI data. NEW YORK, May 12- A measure of stock markets around the globe edged up on Friday led by European and emerging market equities while underwhelming U.S. retail sales data pushed U.S.

  • Wells Fargo spokesman Ancel Martinez in an email said the new estimate was "based on a hypothetical scenario" and unverified, and did not reflect "actual unauthorized accounts. District Judge Vince Chhabria in San Francisco is scheduled to consider preliminary approval at a May 18 hearing. John Stumpf and Carrie Tolstedt, who were respectively the San...

  • HOUSTON/ NEW YORK, May 12- Cheniere Energy Inc said on Friday it has had extensive negotiations with China about increasing U.S. liquefied natural gas exports, as a new trade deal paves the way for a second wave of LNG investment in the world's fastest growing gas supplier. The Trump Administration on Thursday said it reached an agreement with China to increase...

  • WASHINGTON, May 12- FedEx said on Friday it was experiencing issues with some of its Microsoft Corp Windows systems in relation to a global cyber attack that had disrupted hospitals in England and infected computers in dozens of other countries around the world. "Like many other companies, FedEx is experiencing interference with some of our Windows-based...

  • May 12- Wall Street slipped on Friday, ending the week lower as tepid economic data weighed on banks and worries deepened over Nordstrom and other department stores. Risk-averse sentiment gripped Wall Street this week after President Donald Trump unexpectedly fired his FBI chief, the potential fallout from which could delay Trump's pro-growth goals to cut...