×

Wires

  • HOUSTON, Sept 25- ExxonMobil Corp said on Monday operations at the company's 560,500 barrel per day Baytown, Texas, refinery, the country's second largest, have returned to normal for the first time since Aug. 27. Sources familiar with plant operations told Reuters earlier on Monday that all production units were back in operation at the Baytown refinery.

  • Trucking industry executives are gathering this week at the North American Commercial Vehicle show in Atlanta as the U.S. medium and heavy truck market is emerging from a slump. "We definitely are leaving 2017 with nice momentum," Martin Daum, chief of Daimler's commercial truck business, told Reuters on Monday. Daimler's North American truck unit said on Monday...

  • NEW YORK/ LONDON, Sept 25- Gold prices rose on Monday, reversing earlier losses as geopolitical risks drove safe-haven buying. Bullion rose 1 percent on rising tensions between North Korea and the United States, and on German Chancellor Angela Merkel's less-than-resounding victory in Sunday's national election. Escalating U.S.- North Korea tensions will "...

  • *Iran imposes flight ban, Turkey threatens retaliation. *Tension simmers over vote in disputed areas like oil-rich Kirkuk. ERBIL/SULAIMANIYA, Iraq, Sept 25- Kurds voted in large numbers in an independence referendum in northern Iraq on Monday, ignoring pressure from Baghdad, threats from Turkey and Iran, and international warnings that the vote may ignite yet...

  • RALEIGH, N.C.— North Carolina promised tax breaks, worker training and other incentives worth more than $570 million to attract a Foxconn electronics plant that could employ 8,800 people, but the state lost out to Wisconsin's promise of five times more in incentives. The North Carolina Commerce Department documents released Monday to The Associated Press...

  • SYRACUSE, N.Y./ GRAND RAPIDS, Mich., Sept 25- A debate within the Federal Reserve over the outlook for U.S. inflation burst into public view just days after a rate-setting meeting in Washington, with one central banker saying inflation weakness is fading and another suggesting he's nervous it won't. Both New York Federal Reserve Bank President William Dudley and...

  • *Protests break out at Capitol Hill hearing. In hopes of finding more backing, Republican senators leading the effort released a changed version of their bill that included a table showing some states where senators have been undecided, such as Alaska and Maine, would get more money. A Senate Finance Committee hearing on the healthcare legislation on Monday was...

  • NEW YORK, Sept 25- Stocks on Wall Street added to earlier losses while U.S. government bond yields dropped after North Korea accused the United States of having declared war on the isolated country, while the euro fell after German elections showed support for Chancellor Angela Merkel's party fell to its lowest since 1949.. Separately, Brent oil futures touched...

  • BRIGHTON, England, Sept 25- Britain could stay in a customs union with the European Union after leaving the bloc if Labour win power, the main opposition party said on Monday, putting pressure on Prime Minister Theresa May's divided government over Brexit. Labour's Brexit spokesman Keir Starmer said the party was ready to be "the grown-ups in the room" and take...

  • NEW YORK, Sept 25- Wall Street fell on Monday, as a selloff in technology shares dragged the Nasdaq down more than 1 percent, while North Korea's latest warnings to Washington added to a cautious tone. North Korea's foreign minister said President Donald Trump had declared war on the country and it reserved the right to take countermeasures, including shooting...

  • Treasury yields fell on Monday as concerns about tensions between North Korea and the United States and a surge in support for the far right in Sunday's German election stoked safe-haven demand for U.S. government bonds. The benchmark 10- year yield posted its biggest single-day drop in over two weeks, holding within its recent range ahead of this week's $88...

  • LOS ANGELES— A future cup of coffee in California could give you jitters before you even take a sip. A nonprofit group wants coffee manufacturers, distributors and retailers to post ominous warnings about a cancer-causing chemical stewing in every brew and has been presenting evidence in a Los Angeles courtroom to make its case. A verdict in favor of the...

  • NEW YORK, Sept 25- The U.S. Supreme Court canceled oral arguments scheduled in October to decide the legality of President Donald Trump's previous travel ban, signaling the court might dismiss the case. The Court acted after the White House announced on Sunday it was replacing the temporary executive order with a more tailored ban on eight countries that legal...

  • OTTAWA, Sept 25- The top U.S. negotiator at talks to modernize the NAFTA trade pact on Monday dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying "I don't see a problem." Officials from the United States, Mexico and Canada are in Ottawa for the third of seven planned rounds of talks. Canada's chief negotiator on...

  • SAN FRANCISCO, Sept 25- Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X. That added to concerns on Wall Street about demand for Apple's new devices after the launch on Friday of the iPhone 8, a less expensive model than the...

  • WASHINGTON, Sept 25- The chairman of the U.S. Securities and Exchange Commission only learned in August that hackers had last year breached the regulator's database of corporate announcements, according to prepared congressional testimony seen by Reuters on Monday. The SEC's enforcement staff and inspector general's office have launched internal...

  • *Combined sales would be about 15 billion euros. *France to give up option to buy 20 pct of Alstom-sources. MUNICH/ FRANKFURT, Sept 25- German industrial group Siemens is likely to decide on Tuesday to pursue a multibillion-dollar rail merger with French rival Alstom rather than Canada's Bombardier, two sources familiar with the matter told Reuters.

  • *Opposition to vote simmers among Arabs and Turkmen in Kirkuk. KIRKUK, Iraq Sept 25- Authorities in Kirkuk declared a curfew an hour and a half before polls closed in a Kurdish independence referendum on Monday as jubilant Kurds celebrated a vote that has raised fears of a new outburst of ethnic conflict. Kurdistan Regional Government President Masoud Barzanis...

  • Only one thing is certain for insurance shoppers if the latest attempt to replace former President Barack Obama's health care law succeeds: Uncertainty. Lindsey Graham of South Carolina and Bill Cassidy of Louisiana, would shift funding and key coverage decisions for both private insurers and Medicaid to states instead of the federal government.

  • Chief Executive Mark Pruzanski said New York- based Intercept was "not anticipating on changes that restrict the use in any part of the population" as of Monday, based on the discussions with the U.S. Food and Drug Administration. The FDA on Thursday warned about Ocaliva being incorrectly dosed in some patients with PBC, increasing the risk of liver injury and...