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Wires

  • NEW YORK, Oct 20- U.S. Treasury yields resumed their rise on Friday reversing a modest pullback after a White House official said Federal Reserve Chair Janet Yellen was in the White House for lunch with President Donald Trump's economic adviser Gary Cohn. At 12:36 p.m., the yield on 10- year government debt was 2.381 percent, up 6 basis points from late on Thursday,...

  • LONDON, Oct 20- Asian spot LNG prices fell this week as reluctant buyers submitted lower bids, more supply emerged and Egypt's call for 12 shipments in Q1 2018 undershot expectations by traders. Egypt's tender for deliveries between January and March- including three shipments which are to be imported via Jordan- was seen as a bearish signal for global gas...

  • NEW YORK, Oct 20- A Japanese software company is suing Apple Inc in a U.S. court over the trademark for the term "animoji", alleging the U.S. technology company stole the name to use on a feature of its iPhone X. Tokyo- based Emonster kk sued Apple on Wednesday in federal court in San Francisco, saying it holds the U.S. trademark on the term animoji and that Apple's use of the...

  • LONDON, Oct 20- Nickel prices hit a six-week high on Friday, helped by expectations that market deficits will widen in the future, while copper gained on an optimism demand will grow in top consumer China. Helping copper prices was the receding fear over a slowdown in China's growth. China's factory output grew 6.6 percent year-on-year in September, beating...

  • The Coalition for the American Dream intends to ask Congress to pass bipartisan legislation this year that would allow these immigrants, often referred to as "Dreamers," to continue working in the United States, the documents said. "We're pleased to join with other organizations in urging Congress to pass legislation to protect Dreamers," Intel spokesman Will...

  • *STOXX 600 up 0.2 pct. LONDON, Oct 20- Ericsson and Volvo led European shares higher on Friday with well-received earnings reports during a session where financials and tech stocks also outperformed. The main reason for that was from construction and I would say thats a leading economic indicator, so seeing such strength is very supportive for Europe ", said Rachel...

  • NEW YORK, Oct 20- U.S. Treasury yields pared their rise on Friday following a Bloomberg report that said Fed Chair Janet Yellen returned to the White House a day after her interview with President Donald Trump on her potential reappointment as the head of the central bank. At 12:28 p.m., the 10- year Treasury yield was up 6 basis points at 2.379 percent, while the 2-...

  • TREASURY YIELDS RESUME RISE AFTER WHITE HOUSE OFFICIAL SAYS YELLEN AT WHITE HOUSE FOR LUNCH WITH TRUMP ADVISER COHN.

  • Oct 20- Procter& Gamble Co disappointed Wall Street with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz's move to muscle onto the board. Net sales in the firm's first quarter results rose just 1 percent to $16.65 billion, missing analysts' expectations of $16.69...

  • TREASURY YIELDS PARE RISE SLIGHTLY IN THE WAKE OF BLOOMBERG REPORT THAT YELLEN IS BACK AT WHITE HOUSE.

  • WASHINGTON— Employers cut jobs in six U.S. states last month, particularly in hurricane-hit Florida, while hiring increased in five and was mostly unchanged in 39 states. The Labor Department says Florida lost 127,000 jobs last month, mostly in hotels, restaurants and retail stores, after Hurricane Irma flooded much of the state. Outside of Texas and Florida,...

  • TOKYO, Oct 21- Kobe Steel Ltd sank deeper into crisis on Friday as the embattled company said it had lost some customers to competitors because of widespread data falsification that had extended to its mainstream steel sheet business. Japan's third-largest steelmaker, which supplies the world's top airline and automobile manufacturers, also said it had...

  • *Kirkuk flows to Ceyhan still at around 200,000 bpd. NEW YORK, Oct 20- Oil prices were flat on Friday in see-saw trade, under pressure from weak U.S. demand but drawing support from a sharp decline in Iraqi crude exports due to tensions in the Kurdistan region. Oil exports from Iraq's Kurdistan via the Turkish port of Ceyhan were flowing at average rates of 216,000...

  • Oct 20- Drugmaker Merck& Co Inc, moving to a new sales team structure in the United States, plans to cut 1,800 sales positions, while adding 960 jobs to a new chronic care sales force, the company said on Friday. The aim is "to better support changes in our business in the United States," Gillespie said. Merck said none of the jobs being eliminated are being moved outside of...

  • MUNICH/ BRUSSELS, Oct 20- BMW's headquarters were raided by European Union officials investigating an alleged cartel among German carmakers, it said on Friday, as rival Daimler claimed whistleblower status in an effort to avoid fines. EU staff had "conducted an inspection" at BMW's Munich offices this week, the premium carmaker said in a statement, adding that it...

  • *Senate passes budget plan that could usher in tax reform. NEW YORK, Oct 20- World stocks climbed, along with the U.S. dollar and bond yields on Friday, as investors anticipated President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts. Republican Senator Rand Paul appeared to back...

  • *FTSE 100 closes up 0.2 percent. LONDON, Oct 20- Britain's FTSE closed up 0.2 percent on Friday as sterling bounced back on hopes of a breakthrough in Brexit negotiations, and consumer heavyweights Unilever and Reckitt Benckiser weighed down an index that was earlier lifted by financials. The FTSE 100, which hit a record level last week, was on track for a slight...

  • AMAZON.COM INC HAS JOINED' COALITION FOR THE AMERICAN DREAM' PUSHING FOR ILLEGAL IMMIGRANTS TO HAVE PATH TO RESIDENCY- AMAZON SPOKESWOMAN.

  • *Senate passes budget plan that could pave the way for tax cuts. Oct 20- Technology and bank stocks lifted Wall Street on Friday and investor optimism received a fresh boost from Washington, where the Trump administration inched a step closer to implementing tax-cut plan. The Senate on Thursday approved a budget blueprint for the 2018 fiscal year that will pave...

  • TOLEDO, Ohio— Relatives of a man who died while being treated for pneumonia at a natural healing center in Ohio are suing the store's owner and employees. Family members say in a lawsuit filed this week that the center's owner led the 64- year-old Toledo man who died in May to believe she was a licensed naturopathic doctor. But the family's attorney says Charmaine...