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Wires

  • JOHANNESBURG, April 5- South Africa's ruling African National Congress backed President Jacob Zuma after two key allies of the party called for his resignation following a cabinet reshuffle that cost the country one of its investment-grade credit ratings. Last Thursday's dismissal of finance minister Pravin Gordhan, a totem of policymaking stability for...

  • *Dismissal designed to reassure clients before bankruptcy. TOKYO, April 5- Westinghouse Electric Co LLC fired its chairman two days before the U.S. nuclear engineering unit of Toshiba Corp filed for bankruptcy last week, as the Japanese firm tries to draw a line under the travails of a business that has cost it billions. Toshiba's spokesman said Westinghouse...

  • Spot gold was down 0.2 percent at $1,252.70 an ounce at 1050 GMT, while U.S. gold futures were 0.3 percent. Gold touched $1,261.15, its highest since Feb. 27, on Tuesday but failed to close above its 200- day moving average, currently at $1,258, for the third time in less than six weeks. "The failed consolidation above the 200 DMA has no doubt hit investor confidence,...

  • April 5- President Donald Trump's nominee to the U.S. Supreme Court, Neil Gorsuch, could have an immediate impact on cases already pending before the justices, if he is confirmed by the Senate as expected by the end of the week. The nine-seat court has been operating with only eight justices since the death of conservative Antonin Scalia on Feb. 13, 2016.

  • NEW YORK, April 5- A Health Savings Account is supposed to stay with you for life, but if you do not use it, you could lose actually lose it. HSAs are intended to make medical expenses more affordable by allowing consumers with high-deductible health plans to set aside pretax money in an account that, unlike a Flexible Spending Account, will not expire at the end of the...

  • WASHINGTON, April 5- If confirmed as expected this week by the U.S. Senate, President Donald Trump's Supreme Court nominee would join his new fellow justices in time to act on divisive cases concerning religion, guns and big business, underscoring Neil Gorsuch's importance as the fifth conservative on a nine-justice court. The Senate's Republican leaders have...

  • FUEL CELL MAKER PLUG POWER INC SAYS AMAZON.COM INC HAS ACQUIRED RIGHT TO BUY UP TO 23 PCT OF COMPANY.

  • Latham, New York- based Plug Power was valued at $319 million as of Tuesday's market close. Amazon must spend at least $600 million over the life of its contract with Plug Power for its warrants to fully vest. The world's largest online retailer will equip forklifts at 11 warehouses this year with hydrogen fuel cells so they can lift more goods before running out of...

  • NEW YORK, April 5- A Health Savings Account is supposed to stay with you for life, but if you do not use it, you could lose actually lose it. HSAs are intended to make medical expenses more affordable by allowing consumers with high-deductible health plans to set aside pretax money in an account that, unlike a Flexible Spending Account, will not expire at the end of the...

  • NEW YORK, April 5- A Health Savings Account is supposed to stay with you for life, but if you do not use it, you could lose actually lose it. HSAs are intended to make medical expenses more affordable by allowing consumers with high-deductible health plans to set aside pretax money in an account that, unlike a Flexible Spending Account, will not expire at the end of the...

  • NEW YORK, April 5- A Health Savings Account is supposed to stay with you for life, but if you do not use it, you could lose actually lose it. HSAs are intended to make medical expenses more affordable by allowing consumers with high-deductible health plans to set aside pretax money in an account that, unlike a Flexible Spending Account, will not expire at the end of the...

  • NEW YORK, April 5- A Health Savings Account is supposed to stay with you for life, but if you do not use it, you could lose actually lose it. HSAs are intended to make medical expenses more affordable by allowing consumers with high-deductible health plans to set aside pretax money in an account that, unlike a Flexible Spending Account, will not expire at the end of the...

  • NEW YORK, April 5- A Health Savings Account is supposed to stay with you for life, but if you do not use it, you could lose actually lose it. HSAs are intended to make medical expenses more affordable by allowing consumers with high-deductible health plans to set aside pretax money in an account that, unlike a Flexible Spending Account, will not expire at the end of the...

  • WARSAW, April 5- New car registrations in Poland jumped 24.6 percent last month from a year earlier to their highest in 17 years, data from the Samar research institute showed on Wednesday. Samar estimated about 9.5 percent of the cars were exported out of Poland shortly after their registration in March. Poland's $450 billion economy grew at its fastest...

  • *China sales to slow as tax cut rolled back. BEIJING, April 5- China's largest automaker SAIC Motor Corp Ltd posted a 7.4 percent jump in 2016 profits, slightly lower than it had expected, and cautioned sales growth will slow this year as the country rolls back a tax cut on small-engine cars. The Shanghai- based manufacturer, which makes cars in joint ventures with...

  • SYDNEY, April 5- BHP Billiton, the world's biggest shipper of coking coal, said on Wednesday it won't meet its export commitments from cyclone-struck northeast Australia, while hard running floodwaters threaten to delay repairs to rail lines. Landslides at a mountain pass on the railway connecting coking coal mines in Queensland state to ports have halted...

  • ZURICH, April 5- Shareholders in Swiss biotech group Actelion approved on Wednesday spinning off its drug discovery and early clinical pipeline into a new company, keeping Johnson& Johnson's $30 billion takeover on track to close in the second quarter. "After a very successful two decades, resulting in an unprecedented share price increase of more than 2,000...

  • LONDON, April 5- The productivity of Britain's workforce grew at its fastest rate in more than a year in the final three months of 2016, though it remained lacklustre compared with before the financial crisis, official data showed on Wednesday. British labour productivity has long lagged behind that in the United States, Germany and France, depressing wage...

  • *Europe, U.S. natural fits, but elsewhere not ruled out. SANTIAGO, April 5- Aurubis AG, the world's biggest copper recycler, is likely to start its search for acquisitions in Europe and the United States as it looks to expand into other metals, but will not get into mining, its chief executive told Reuters. Alongside major copper smelters in Hamburg and Luenen in Germany,...

  • SYDNEY, April 5- Blackstone Group has put an A $3.5 billion shopping mall portfolio in Australia up for sale, said a source familiar with the matter, in what could be one of the country's largest ever real estate transactions. Reuters reported in January that Blackstone is also readying a new $5 billion real estate fund, focused on investing in Asian property such...