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Wires

  • TIPUTINI, Ecuador, Oct 19- Ecuador's oil minister said on Thursday the Andean country would ask in November to be exempt from OPEC production quotas, citing fiscal problems because of lower crude prices. Ecuador is seeking support for its request from OPEC members including Saudi Arabia and Venezuela, Carlos Perez told journalists during a visit to a jungle oil...

  • *Canada's Rogers Communication flags weak iPhone 8 sales. The chief executive of Rogers Communication, Canada's largest mobile network, on Thursday said appetite for the iPhone 8 and 8 Plus, which went on sale in September, had been "anemic," the latest sign of weak sales for those phones ahead of the Nov. 3 launch of the pricier iPhone X. Verizon Communication Inc's...

  • ROME, Oct 19- Former Prime Minister Matteo Renzi said on Thursday that if he wins next year's election he will slash taxes and sharply raise Italy's budget deficit rather than lower it as European Union rules require. "We'll take the deficit back up to 2.9 percent, cutting taxes by 30 to 50 billion euros," Renzi, the leader of the ruling Democratic Party said in an...

  • OTTAWA, Oct 19- Canada's Finance Minister Bill Morneau said on Thursday he will place his assets in a blind trust and divest all his stock in a publicly-traded family business, amid opposition allegations that these holdings put him in a conflict of interest. His plan to adopt a blind trust follow weeks of backlash over a government attempt to reform small...

  • RESTON, Va. _ WashingtonFirst Bankshares Inc. on Thursday reported third-quarter profit of $5.6 million. The bank, based in Reston, Virginia, said it had earnings of 41 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK, Oct 19- U.S. stocks were flat on Thursday, pausing after their recent run of record highs, as technology shares dragged and some earnings disappointed. There was also profit-taking in the tech sector, said Phil Blancato, head of Ladenburg Thalmann Asset Management in New York. "There's not a strong downside case right now to shake up the narrative and get...

  • BEIRUT, Oct 19- Lebanon's parliament on Thursday approved the first state budget in 12 years, a vital step towards reforming the fragile economy and preventing rising debt spinning out of control. Successive governments have failed to pass annual budgets due to a string of political crises since the 2005 assassination of former Prime Minister Rafik...

  • CHICAGO, Oct 19- Lab experiments on a new strain of the H7N9 bird flu circulating in China suggest the virus can transmit easily among animals and can cause lethal disease, raising alarm that the virus has the potential to trigger a global human pandemic, researchers reported on Thursday. The H7N9 virus has been circulating in China since 2013, causing severe...

  • CLEARFIELD, Pa. _ CNB Financial Corp. on Thursday reported third-quarter profit of $7.2 million. The bank, based in Clearfield, Pennsylvania, said it had earnings of 47 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SAN RAFAEL, Calif. _ Westamerica Bancorp on Thursday reported third-quarter profit of $15 million. The San Rafael, California- based bank said it had earnings of 57 cents per share. The holding company for Westamerica Bank posted revenue of $45.7 million in the period.

  • BRUSSELS, Oct 19- The European Commission on Thursday said that despite a lack of unanimity among member states over Russia's plans for a new gas pipeline to Germany, it would press ahead to seek support for talks with Russia on its objections. Brussels, backed by some EU member states, is concerned the Nord Stream 2 pipeline across the Baltic Sea will increase the...

  • BAYONNE, N.J. _ BCB Bancorp Inc. on Thursday reported third-quarter profit of $3.2 million. The bank, based in Bayonne, New Jersey, said it had earnings of 25 cents per share. BCB Bancorp shares have climbed 11 percent since the beginning of the year.

  • DETROIT— General Motors Co. has reached a $120 million settlement with 49 states and the District of Columbia over its defective ignition switches. GM recalled 2.6 million small cars worldwide in 2014 because their ignition switches could slip from the "run" position to the "off" position, shutting off the engine. Every state but Arizona sued the Detroit- based...

  • NEW YORK, Oct 19- Stash, a New York- based startup that lets individuals make micro-investments through a mobile app, will launch free bank accounts aimed at low-income U.S. consumers. The accounts will be insured by the U.S. Federal Deposit Insurance Corp, will have no minimum balance requirements and will be connected to a debit card, Stash said.

  • Democratic Senators Amy Klobuchar and Mark Warner and Republican John McCain introduced the "Honest Ads Act," which would amend existing election law covering television and radio outlets to impose those rules to paid internet and digital advertisements on platforms like Facebook, Twitter Inc and Alphabet Inc's Google. Companion legislation was...

  • WASHINGTON, Oct 19- President Donald Trump met on Thursday with Federal Reserve Chair Janet Yellen, a White House official said, as he considers whether to give Yellen a new term or nominate someone else. The others consist of his chief economic adviser, Gary Cohn, along with former Fed Governor Kevin Warsh, Fed Governor Jerome Powell and Stanford University...

  • SAN FRANCISCO— Google's parent company is throwing its financial support behind ride-hailing service Lyft, deepening its rift with market leader Uber. Alphabet Inc., which gets most of its money from Google's digital ad network, is leading a $1 billion investment in Lyft that values the privately held company at $11 billion. The investment is being made...

  • BEIRUT, Oct 19- Lebanon's parliament on Thursday approved the first state budget in 12 years, a vital step towards reforming the fragile economy and preventing rising debt spinning out of control. Successive governments have failed to pass annual budgets due to a string of political crises since the 2005 assassination of former prime minister Rafik...

  • NEW YORK— Michele Marsh— a popular longtime news anchor in New York City— has died. Her son, John Paschall, says Marsh succumbed to cancer this week at her South Kent, Connecticut home. The five-time Emmy Award winner was an anchor and correspondent on the CBS and NBC flagship stations in New York City for more than two decades.

  • CHARLESTON, W.Va.— A new company that makes whiskey barrels out of white oak wood has been born from efforts to rebuild a devastated West Virginia community following deadly floods. Officials announced at a news conference Thursday that the West Virginia Great Barrel Co. would be located in a new manufacturing facility in Caldwell near White Sulphur Springs...