×

Wires

  • NEW YORK, Aug 17- In a blow to people suing General Motors Co over faulty ignition switches and other alleged vehicle defects, a trust that holds many GM liabilities from before its 2009 bankruptcy has canceled a settlement that sought to force the automaker to pay $1 billion in shares to resolve millions of claims. The settlement, first disclosed at a court...

  • LONDON, Aug 17- Euro zone government bond yields fell across the board on Thursday after published remarks from policymakers in both Europe and the United States suggested they were cautious about withdrawing monetary stimulus too quickly. European Central Bank policymakers worried about a possible overshoot in the euro when they met on July 20, minutes of...

  • TORONTO, Aug 17- Canada's main stock index edged higher on Thursday, as declines in mining stocks partly offset gains for several heavyweight banks and a jump in shares of Valeant Pharmaceuticals International Inc.. Valeant climbed 4.1 percent to C $18.63 after the company said it had resolved the concerns of U.S. authorities about its Bausch+ Lomb facility in...

  • NEW YORK, Aug 17- The harvest has come in for stock investors in Deere& Co but a more plentiful bounty may rest on further improvement in the farm equipment maker's performance. Wall Street is slightly more cautious on Deere shares than machinery and S&P 500 stocks broadly. Eight analysts recommend investors buy the stock, 12 have hold ratings and one says sell,...

  • COLUMBUS, Ohio— A leading U.S. hospital says it will pull an annual fundraiser from Donald Trump's Mar-a-Lago resort after all. The Cleveland Clinic had initially resisted pressure from health professionals and others over the Republican president's support for repealing the Affordable Care Act and cutting federal budget dollars to medical research.

  • *Suez Canal Economic Zone projects eligible for incentives. CAIRO, Aug 17- Egypt is hoping that long-awaited regulations approved on Thursday to its new investment code will draw in fresh and needed cash from abroad as the country pushes ahead with reforms. Investment Minister Sahar Nasr told Reuters in an interview that the law could now be active within days.

  • President Donald Trump's economic agenda amid speculation that Gary Cohn, director of the National Economic Council, would resign. Speculation about the departure of Cohn, who is seen leading the White House's effort on tax reform and is a front-runner to possibly succeed Janet Yellen as head of the U.S. "That's seen as negative for the economy and the stock...

  • Representatives Elijah Cummings and Peter Welch sent the letters to Bayer AG, Biogen Inc, EMD Serono, Novartis AG, Roche Holding AG, Sanofi SA, and Teva Pharmaceutical Industries Inc..

  • SAO PAULO, Aug 17- Latin American currencies slipped on Thursday as stronger-than-expected U.S. jobs data drove investors to book profits on the previous day's rally. The United States on Wednesday drew a hard line, demanding major concessions aimed at slashing trade deficits with Mexico and Canada and boosting U.S. content for autos. Latin American stock...

  • *Genscape reports more than 1 mln bbl draw at Cushing- trade. Inventories at Cushing, the delivery hub for U.S. crude futures, declined more than a million barrels in the week to Aug. 15, traders said citing estimates from energy industry information provider Genscape. In the latest week to Aug. 11 for which government data was available, Cushing inventories...

  • AMSTERDAM, Aug 17- A large majority of the cities who own Dutch energy company Eneco will likely decide to sell their stakes, leading to a privatization of the country's largest independent energy company, the chairman of its shareholder committee told Reuters. Adriaan Visser, who is also an alderman for the City of Rotterdam, Eneco's largest shareholder with...

  • *Gary Cohn resignation rumors knocked down. Stocks had hit session lows before paring losses after Axios reporter Jonathan Swan tweeted, citing a source with direct knowledge, that rumors around the resignation of Gary Cohn, director of National Economic Council, is "100 false." "The concern would be if Gary Cohn would decide that if he needs to take a safe step that a...

  • BOSTON/ NEW YORK, Aug 17- Activist investor William Ackman on Thursday laid out his hedge fund's goals for Automatic Data Processing Inc, saying the human resources outsourcing company needs to streamline its business and invest in technology upgrades. Ackman's Pershing Square Capital Management disclosed earlier this month an 8 percent stake in the $50...

  • WASHINGTON, Aug 17- Heartland Bank of Little Rock Arkansas is "significantly undercapitalized" and must increase shares, sell itself or otherwise satisfy regulators, the Federal Reserve said on Thursday.

  • Aug 17- CSX Corp Chief Executive Hunter Harrison hit back at dozens of trade groups that urged a federal probe into service disruptions at the No. 3 U.S. rail road, saying their complaints were "grossly overstated," according to a letter seen by Reuters on Thursday. The Rail Customer Coalition earlier this week asked federal rail regulators to investigate CSX's "...

  • CHICAGO, Aug 17- Wal-Mart Stores Inc on Thursday reported lower quarterly profit margins and indicated earnings for the current period could miss analysts' estimates as it cut prices and spent heavily to expand its e-commerce operations. It has begun offering programs like free-two-day shipping and discounts for picking up online purchases at stores, and it...

  • 16)@ (In Aug. 16 story, corrects paragraph 8 to remove reference to absorption of insulin). Aug 16 (Reuters)- Novo Nordisk A/S said on Wednesday its diabetes drug met the main goal of reducing glucose levels in patients in a key late-stage trial, setting the stage for it to become the new standard therapy for type 2 diabetes. The trial results could have been offset by an...

  • Aug 16- Novo Nordisk A/S said on Wednesday its diabetes drug met the main goal of reducing glucose levels in patients in a key late-stage trial, setting the stage for it to become the new standard therapy for type 2 diabetes. The 40- week trial tested two dosages of Novo's once-weekly drug, semaglutide, in addition to initial standard-of-care therapy metformin,...

  • Aug 17- Activist investor Elliott Management Corp is urging U.S. oil and gas producer Energen Corp, which is already under pressure from top shareholder Corvex Management, to explore a sale, the Wall Street Journal reported on Thursday. New York- based Elliott owns 4 percent to 5 percent of Energen, the Journal reported, citing people familiar with the matter.

  • TREASURY YIELDS LITTLE CHANGED AS WHITE HOUSE OFFICIAL SAYS COHN "INTENDS TO REMAIN IN HIS POSITION" AS NATIONAL ECONOMIC COUNCIL DIRECTOR.