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Wires

  • Dec 15- U.S. energy companies this week cut oil rigs for the first time in six weeks in spite of prices rising close to their highest in over two years and drillers starting to boost spending plans for next year. RIG-OL-USA- BHI> The U.S. rig count, an early indicator of future output, is still much higher than a year ago when only 510 rigs were active after energy...

  • WASHINGTON, Dec 15- Republican negotiators in the U.S. Congress put the finishing touches on a sweeping tax overhaul and will release the details later on Friday, including plans for an expanded child tax credit aimed at winning the support of two wavering senators. Representative Kevin Brady, chairman of the tax-writing House Ways and Means Committee, told...

  • Dec 15- A relentless bull-run in U.S. stock indexes this year has set the stage for a strong IPO market in 2018, with several multi-billion dollar firms including Airbnb and Spotify widely expected to grab headlines with their offerings. "With the market at all-time highs valuations are at the high-end, presenting a favorable backdrop for IPOs," said Nelson...

  • The Palm Beach Post report ed Okeechobee County Sheriff Noel Stephen said three McArthur Dairy workers were arrested Wednesday. Spokesman Jamaison Schuler said in a statement the company doesn't own or control any dairy farms, though milk from McArthur Dairy is part of its supply. Information from: The Palm Beach Post, http://www.pbpost.com.

  • Dec 15- The 2018 U.S. IPO market is expected to see the debut of some of the most anticipated unicorns companies that have reached $1 billion in valuation without tapping the stock markets. The short-term home rental service, founded in 2008 in San Francisco, has clashed with hoteliers and authorities in cities including New York, Amsterdam, Berlin and Paris, which...

  • MOSCOW, Dec 15- The Russian central bank said on Friday it may write off 100 billion roubles in subordinated debt issued by Promsvyazbank to reduce the amount the regulator needs to spend on bailing out the lender. "If you look at previous similar cases in Russia, all subordinated debt holders have been completely wiped out," said Ekaterina Sidorova, a corporate...

  • Dec 15- Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros to concentrate on faster growing products. The brands to be sold include Becel, Flora, Country Crock and Blue Band. "The announcement today marks a further step in reshaping and sharpening our portfolio for long-term growth," said Chief...

  • BRUSSELS, Dec 15- European Union states and legislators agreed on Friday on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies, the EU said in a statement. It took EU legislators more than a year of negotiations to agree on the legislative proposals, put forward by the European...

  • YUMA, Ariz.— NASA says it successfully tested the Orion spacecraft's parachutes by dropping a replica spacecraft from an Air Force transport aircraft over a desert test site in southwestern Arizona. NASA systems engineer Jim McMichael says the test "went really well." McMichael says 10- ton replica was "sitting perfectly upright" after bouncing once when it...

  • LONDON, Dec 15- Plans to cut around 13,000 jobs are likely to be the biggest obstacle to miner Sibanye-Stillwater winning South African regulatory approval for its proposed takeover of troubled rival Lonmin, the CEO of Lonmin told Reuters. However, Ben Magara said South Africa's Competition Commission, which has a mandate to protect employment as well as...

  • LONDON, Dec 15- Plans to cut around 13,000 jobs are likely to be the biggest obstacle to miner Sibanye-Stillwater winning South African regulatory approval for its proposed takeover of troubled rival Lonmin, the CEO of Lonmin told Reuters. However, Ben Magara said South Africa's Competition Commission, which has a mandate to protect employment as well as...

  • *OPEC- led cuts being undermined by U.S. output rises. NEW YORK, Dec 15- Oil prices were mixed on Friday, lingering below two-year highs on Friday as the continuing outage of a North Sea pipeline and OPEC- led production cuts supported prices, while climbing U.S. output kept a lid on gains. Brent crude futures were down 9 cents at $63.22 a barrel by 12:38 p.m. EST.

  • BRASILIA, Dec 15- Brazilian telecoms regulator Anatel still plans to vote against a plan put forth by carrier Oi SA to exit bankruptcy protection, the body's president, Juarez Quadros, said on Friday. Creditors are set to meet in Rio de Janeiro on Tuesday to vote on a company plan to restructure some 65 billion reais in debt. A negative vote by Anatel, which holds 14...

  • LAKE BUENA VISTA, Florida, Dec 15- LAKE BUENA VISTA, Florida Just outside the operating theater, the organizers of a medical conference wore Minnie Mouse ears. They were part of a so-called cadaver lab and the setting was a Florida resort. In this case, doctors practiced nerve root blocks and other procedures on cadavers in one of the Grand Harbor ballrooms salons at...

  • MOSCOW, Dec 15- Russia's central bank may have to sink up to $3.4 billion into its bailout on Friday of Promsvyazbank, the country's 10th largest private lender, the third such rescue this year. The bailouts mark the biggest challenge to Russia's financial sector since a financial crisis 20 years ago and show how the country and its banks are grappling with the...

  • BRUSSELS, Dec 15- The European Union agreed on Friday to move Brexit talks onto trade and a transition pact but some leaders cautioned that the final year of divorce negotiations before Britain's exit could be fraught with peril. "There is still more to do but we're well on the road to delivering a Brexit that will make Britain prosperous, strong and secure," May said,...

  • The move convinced Italy's largest pilot union to suspend a four-hour strike planned for Friday afternoon, but it was unclear if other unions would call off strikes planned for next week in Ireland and Portugal. Investors also took fright at the potentially major change to the business model at Europe's largest low-cost carrier, with Ryanair shares tumbling...

  • The move convinced Italy's largest pilot union to suspend a four-hour strike planned for Friday afternoon, but it was unclear if other unions would call off strikes planned for next week in Ireland and Portugal. Investors also took fright at the potentially major change to the business model at Europe's largest low-cost carrier, with Ryanair shares tumbling...

  • WASHINGTON, Dec 15- The Federal Communications Commission plans to fine Sinclair Broadcasting Corp $13.3 million after it failed to properly disclose that paid programming that aired on local TV stations was sponsored by a cancer institute, three people briefed on the matter told Reuters. The proposed fine, which covers about 1,700 spots including...

  • FCC PLANS TO FINE SINCLAIR BROADCASTING $13.3 MLN OVER UNDISCLOSED PAID PROGRAMMING- SOURCES.