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Wires

  • WASHINGTON— Google parent Alphabet Inc. outspent all other companies on lobbying Washington bureaucrats and politicians in 2017, a year in which it and other tech giants were hauled before legislators probing Russian influence in the 2016 election. The search giant doled out $13.6 million on lobbying firms like Prime Policy Group and Gephardt Group,...

  • LOS ANGELES— An alliance of California marijuana growers is trying to block state rules that they fear could open the way for vast farms that would drive smaller cultivators out of business. A lawsuit filed Tuesday in Sacramento by the California Growers Association comes just weeks after the nation's most populous state began allowing legal pot sales.

  • TOKYO, Jan 24- Japan's Nikkei share average took a breather on Monday morning after rising to a fresh 26- year high in the previous session, as weakness in exporters such as Murata and Fanuc offset gains in real estate stocks. The Nikkei dropped 0.4 percent to 24,021.73 in midmorning trade, after touching 24,129.34 on the previous day, the highest level since...

  • SINGAPORE, Jan 24- The dollar touched a four-month low against the yen on Wednesday, pressured by simmering concerns that the U.S. currency's yield advantage will start to erode as major central banks head toward unwinding their massive stimulus. said Stephen Innes, head of trading in Asia-Pacific for Oanda in Singapore. The dollar slipped to as low as 110.06 yen...

  • SHANGHAI, Jan 24- China's central bank on Wednesday set its official yuan midpoint to the strongest level in more than two years at 6.3916 per dollar, breaching the key 6.4 per dollar level, supported by broad weakness in the greenback in global markets overnight. Wednesday's midpoint was 93 pips, or 0.15 percent, firmer than Tuesday's fix of 6.4009 and was the...

  • LOS ANGELES, Jan 23- Electric vehicle maker and solar installer Tesla Inc. said on Tuesday that it does not expect President Donald Trump's solar tariff to have much impact on its high-tech solar manufacturing ambitions, thanks to a clause exempting a vast amount of solar panel components from the levies. Only 500 MW worth of solar cells were imported into the...

  • *OPEC/ Russian led production restraint has tightened oil supplies. Economic growth is translating into healthy oil demand growth, which comes at a time that OPEC and Russia lead production cuts aimed at tightening the market and propping up prices. Stephen Innes, head of trading for Asia/Pacific at futures brokerage Oanda in Singapore said a "beaming economic...

  • *Spot gold was nearly unchanged at $1,340.63 per ounce at 0100 GMT. *The U.S. Senate on Tuesday confirmed Federal Reserve Governor Jerome Powell as the next head of the central bank, succeeding Janet Yellen, a move likely to provide continuity in U.S. monetary policy with the economy growing now for nine years straight. *North Korea said on Tuesday it had a "powerful...

  • LONDON, Jan 23- U.S. natural gas prices have bounced sharply from their lows in December after a sustained spell of exceptionally cold temperatures pushed stocks near to the bottom of their five-year range. Futures prices for gas delivered to Henry Hub in February have risen more than 25 percent since Dec. 21. Hedge fund managers cut a net long position in futures...

  • The European Commission in 2015 accused the company of the anti-competitive behavior. The fine could in theory go as high as 10 percent of Qualcomm's annual revenue, which was $22.2 billion for its most recent fiscal year. Other regulators including the U.S. Federal Trade Commission are investigating Qualcomm's dealings with Apple, and the decision may make...

  • SAO PAULO, Jan 23- Brazilian credit card processing firm PagSeguro Digital Ltd's initial public offering raised $2.7 billion on Tuesday, one person with direct knowledge of the matter said, as investor optimism over Brazil's economic recovery gathers pace. PagSeguro priced its shares at $21.50, above the set price range of $17.50 to $20.50, and the issue was...

  • *Oil prices hold gains, Brent near $70 a barrel. SYDNEY, Jan 24- Asian shares scaled record peaks on Wednesday as strong corporate earnings and optimism on global growth outweighed concerns over trade tensions, while a fresh burst of speculative selling took the U.S. dollar to three-year lows. "These markets are absolutely flying and have had seemingly one-way...

  • SPRINGFIELD, Mo. _ Great Southern Bancorp Inc. on Tuesday reported fourth-quarter net income of $12.2 million. On a per-share basis, the Springfield, Missouri- based company said it had net income of 86 cents. Great Southern Bancorp shares have risen roughly 1 percent since the beginning of the year.

  • BOSTON— The ex-wife of a man who evaded authorities for 20 years has pleaded guilty to lying to investigators about his whereabouts. Federal officials say 70- year-old Cecily Sturge, of Delray Beach, Florida, pleaded guilty in Boston's federal court Tuesday to making a materially false statement to a federal agent. Wolas is accused of cheating 19 investors out...

  • TOKYO, Jan 24- Japan's exports grew for a 13th straight month in December, led by record demand from China and Asia as a whole, raising the prospects for vigorous economic growth in the fourth quarter. The value of exports to China, Japan's largest trading partner, rose 15.8 percent year-on-year in December led by semiconductor production equipment and...

  • Jan 23- Texas Instruments Inc on Tuesday posted the slowest revenue growth in four quarters on softer demand for its chips used in communications equipment, disappointing investors who expected sales for automotive chips to drive strong results. Shares of the Dallas- based company fell about 7 percent in after-hours trading on Tuesday after earnings also...

  • The dollar touched a low of 110.06 yen at one point, its lowest level since Sept. 15, and was last trading at 110.16 yen, down 0.1 percent from late U.S. trade on Tuesday.

  • WASHINGTON, Jan 23- The acting chairman of the Federal Trade Commission, Maureen Ohlhausen, has been put on a list of people that President Donald Trump intends to nominate to a judgeship, the White House said on Tuesday. "We expect the Senate to have his official nomination very soon and to confirm him swiftly," Deputy Press Secretary Lindsay Walters said in a...

  • WASHINGTON, Jan 23- The U.S. Senate on Tuesday confirmed Federal Reserve Governor Jerome Powell as the next head of the central bank, succeeding Janet Yellen, a move likely to provide continuity in U.S. monetary policy with the economy growing now for nine years straight. The Republican-controlled Senate voted 84-13 to approve the 64- year-old lawyer to a...

  • Top Economic Events Polling Unit Diary Today in Washington Political and General News. 24- Jan United States Sale of 2- year floating rate notes 24- Jan United States Sale of 5- year notes 24- Jan Sweden Auction of government bonds 25- Jan United States Sale of 7- year notes 25- Jan Japan 3- month discount bill auction 25- Jan Japan Auction of 20- year government...