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Wires

  • *Signs of political backlash in France. MUNICH/ PARIS, Sept 26- German industrial group Siemens AG and French rival Alstom SA agreed on Tuesday to merge their rail operations, creating a European champion to better withstand the international advance of China's state-owned CRRC Corp Ltd.. Siemens will own 50 percent plus a few shares of the joint venture, while...

  • By Stephen Kalin and Yara Bayoumy. RIYADH/ WASHINGTON, Sept 26- Saudi King Salman on Tuesday ordered that women be allowed to drive cars, ending a conservative tradition seen by rights activists as an emblem of the Islamic kingdom's repression of women. It gave no details but said a majority of the Council of Senior Religious Scholars, Saudi Arabia's top clerical...

  • WASHINGTON, Sept 26- Washington state on Tuesday rejected a key permit needed for a proposed terminal to export coal to Asia, another blow to companies eager to sell Wyoming and Montana coal to Asian markets and to the Trump administration's policy of global energy dominance. Washington's Department of Ecology rejected a water quality permit for the...

  • NEW YORK, Sept 26- Hartford, Connecticut's cash-strapped capital city, suffered a fresh round of credit rating downgrades deeper into junk territory by two Wall Street credit agencies on Tuesday, a day after the city's bond insurers said they were open to debt restructuring. The downgrades by S&P Global Ratings and Moody's Investors Service put Hartford...

  • Republicans on Tuesday fell short yet again in their seven-year drive to repeal Obamacare, in a bitter defeat that raises more questions about their ability to enact President Donald Trump's agenda. "We basically ran out of time," said Senator Ron Johnson, a co-sponsor of the measure with Senators Bill Cassidy, Lindsey Graham and Dean Heller.

  • GENEVA, Sept 27- Switzerland is the world's most competitive economy for a ninth straight year, the Geneva- based World Economic Forum said on Wednesday. WEF economist Thierry Geiger said Switzerland had a virtuous circle of infrastructure, institutions and education, but at the heart of its success was the way it created and used talent. "That is really the secret...

  • GENEVA, Sept 27- Switzerland is the world's most competitive economy for a ninth straight year, the Geneva- based World Economic Forum's annual rankings showed on Wednesday.

  • *Revenue at Chinese firms down q/q in Q3, but still up y/y- survey. BEIJING, Sept 27- China's economic growth likely slipped in the third quarter but was still in far better shape than last year, a private survey showed on Wednesday, while adding that major risks are looming for 2018.. Profits at Chinese firms are much healthier and hiring remains robust, but a...

  • Nike is battling pressures on many fronts- in North America a reinvigorated Adidas AG has taken market share, while athleisure, a decade-long trend that saw shoppers wear sports apparel for formal and informal occasions, has been fading. Bankruptcies from sports chains Sports Authority and Sports Chalet earlier this year have seen Nike's distribution...

  • Because of the potential for lengthy reviews, consumer technology companies have been reluctant to wade directly into territory regulated by the FDA. But under President Donald Trump, the FDA has been moving to relax some of its requirements. The FDA in July created a pilot program that would pre-certify certain companies so that they have to submit less...

  • The U.S. Department of Justice is supporting a New York skydiving company, Altitude Express Inc, in a lawsuit brought by former instructor Donald Zarda, who accused the company of firing him after he told a customer he was gay and she complained. Justice Department lawyer Hashim Mooppan told the court that Congress never intended for that law to protect gay...

  • MEXICO CITY, Sept 26- As many as 10 companies could list on Mexico's stock exchange by the end of 2017, sources from the exchange said, potentially marking a record year ahead of slower expected activity in 2018 due to Mexico's elections. Since January, four companies have listed in Mexico, raising a combined $2.1 billion in initial public offerings.

  • WASHINGTON, Sept 26- U.S. Senate Majority Leader Mitch McConnell on Tuesday moved to force the Senate to vote later this week on the nomination of Federal Communications Commission Chairman Ajit Pai to serve another five-year term. Pai, a former Justice Department, FCC and Capitol Hill staffer, has been moving swiftly to undo many of the regulations adopted by...

  • WASHINGTON— Weeks after a veterans' health initiative received $2.1 billion in emergency funding, the Trump administration says the private-sector Veterans Choice health care program may need additional money as early as December to avoid a disruption of care for hundreds of thousands of veterans. On Capitol Hill, the House Veterans Affairs Committee was...

  • *U.S. to rule on Boeing anti-dumping complaint against Bombardier. LONDON/ MONTREAL, Sept 26- Canada's Bombardier Inc is unwilling to swallow the extra cost for airlines if the United States slaps duties on its CSeries jet and is keen to press ahead with the deal that provoked a North American trade spat, people familiar with the matter told Reuters.

  • WASHINGTON, Sept 26- The U.S. Justice Department on Tuesday filed an antitrust lawsuit challenging Parker-Hannifin Corp's purchase of Clarcor Inc, which closed in February. The lawsuit, brought in U.S. district court in Delaware, was filed out of concern that the $4.3 billion transaction would mean higher prices, worse service or less innovation in the market...

  • NEW YORK, Sept 26- Monroe Energy, a subsidiary of Delta Air Lines, ran out of crude at its 185,000 barrel-per-day Trainer, Pennsylvania, refinery after delays in unloading a supertanker called C. Innovator, according to a source familiar with the company's operations and Reuters shipping data. The VLCC loaded at the Brass River terminal in Nigeria around Sept. 4 and...

  • Chicago Board of Trade November soybeans settled down 7-3/ 4 cents at $9.63-1/ 2 per bushel. CBOT December wheat ended down 1/ 4 cent at $4.53-3/ 4 a bushel and December corn fell 1-1/ 2 cents at $3.52-1/ 4. "Building harvest pressure and ongoing reports of higher-than-expected yields are weighing on the soy complex," Karl Setzer, analyst with the MaxYield Cooperative,...

  • NEW YORK— Need more room to type those deep thoughts? Twitter is testing a 280- character limit for tweets, doubling the current length restriction that's been in place since the company's founding 11 years ago. San Francisco- based Twitter said in a blog post Tuesday that 9 percent of all tweets in English come up against the 140- character limit, compared with...

  • Secretary of State Rex Tillerson will visit China this week for talks that will include the crisis over North Korea's nuclear and missile programs and trade, the State Department said on Tuesday. President Donald Trump warned North Korea on Tuesday that any U.S. military option against North Korea would be "devastating" for Pyongyang, but said the use of force...