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Wires

  • CHICAGO, Dec 13- U.S. wheat and corn futures rose on Wednesday, bouncing from contract lows hit the previous session as traders covered short positions, traders said. Chicago Board of Trade soft red winter wheat notched the biggest gain, rising 1.4 percent, which was the biggest gain for the most-active contract in percentage terms in three months.

  • NEW YORK— A real estate research firm reports that prices for condos in Trump buildings in Manhattan fell in the first year of the Trump presidency. The average price per square for all Manhattan condos also fell, but much less— just 1 percent. The Trump Organization did not respond immediately to a request for comment.

  • PARIS/ NEW YORK, Dec 13- Delta Air Lines looked close on Wednesday to placing an order for 100 Airbus A321neo jets in a boost for the European planemaker as it tries to narrow a 2017 order gap against Boeing, two people familiar with the matter said. Such a deal would be worth $12.7 billion at list prices, but would typically involve steep discounts.

  • ROME, Dec 13- Italy's parliament will be dissolved between Christmas and the New Year, a parliamentary source said on Wednesday, opening the way for national elections in early March that look unlikely to produce a clear winner. The sooner we go to the polls the better, "said Matteo Salvini, head of the far-right Northern League party. Italy's 10- year bond yield rose...

  • ISTANBUL, Dec 13- Turkish police summoned a Federal Bureau of Investigation official on Wednesday over statements made in a U.S. court by a former Turkish police investigator who fled the country last year, the state-run Anadolu Agency said. Anadolu said the FBI official was summoned following testimony given by Huseyin Korkmaz in the trial of a former...

  • US DOLLAR ADDS TO LOSSES AS YELLEN SPEAKS, DOLLAR INDEX FALLS TO 93.42.

  • ANCHORAGE, Alaska— Three men pleaded guilty to creating a "botnet" known as Mirai that was used to paralyze chunks of the internet in 2016.. Paras Jha, Josiah White and Dalton Norman admitted to one count of conspiracy in plea agreements filed Dec. 5. They face up to five years and $250,000 fines when sentenced.

  • LONDON, Dec 13- Prime Minister Theresa May's government was defeated on Wednesday, when lawmakers forced through changes to its Brexit blueprint that ministers said could endanger Britain's departure from the European Union. Members of Parliament are debating the EU withdrawal bill, which will repeal the 1972 legislation binding Britain to the EU and copy...

  • TORONTO, Dec 13- Canadian Imperial Bank of Commerce expects the proportion of its earnings coming from the United States to nearly double in the next three years, helped by the $5 billion acquisition of Chicago- based PrivateBancorp, it said on Wednesday. The bank acquired PrivateBancorp in June, closing a deal that analysts saw as transformational in enabling...

  • WILMINGTON, Del., Dec 13- A U.S. judge shot down on Wednesday a request by creditors of Westinghouse Electric Co LLC for a bigger role in the nuclear technology company's bankruptcy just days after its parent company Toshiba Corp proposed a restructuring plan. Bankruptcy Judge Michael Wiles dismissed claims by the official committee of unsecured creditors...

  • NEW YORK, Dec 13- The U.S. dollar fell after the Federal Reserve raised interest rates in a widely expected move, but left its rate outlook for the coming years unchanged. The downward move in the dollar is interesting and notable in the sense that the only dovish thing I see in this meeting is the two dissents, said Erik Nelson, a currency strategist at Wells Fargo in...

  • OTTAWA, Dec 13- Canada's decision to make it harder for Boeing Co to win a major jet order hands rival plane maker Lockheed Martin Corp an advantage in capturing the contract, defense experts said on Wednesday. That would mark a reversal in Lockheed's fortunes after Liberal leader Justin Trudeau campaigned in 2015 on a promise not to buy the firm's F-35 stealth...

  • TREASURY YIELDS HOLD NEAR SESSION LOWS AS FED'S YELLEN BEGINS PRESS CONFERENCE; 10- YEAR YIELD AT 2.367 PCT.

  • BRASILIA, Dec 13- Brazil's lower house of Congress delayed to February a vote on a plan to streamline the social security system, the government's leader in the Senate Romero Jucá said on Wednesday.

  • BOSTON, Dec 13- Medtronic Plc has agreed to pay $12 million to resolve claims that the company engaged in a deceptive marketing strategy to promote its Infuse bone graft product used in spinal surgery, the Massachusetts attorney general said on Wednesday. Massachusetts Attorney General Maura Healey said the settlement will resolve an investigation by her...

  • NEW YORK, Dec 13- The three major U.S. stock indexes were higher on Wednesday after the Federal Reserve raised U.S. interest rates by a quarter percentage point, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth. Kate Warne, investment strategist at Edward...

  • NEW YORK, Dec 13- U.S. Treasury yields fell to session lows on Wednesday after the Federal Reserve raised key interest rates by a quarter percentage point as expected, and kept policy outlook unchanged for 2018 even as it upgraded its view on economic growth. At 2:22 p.m. EST, U.S. benchmark 10- year Treasury notes were yielding 2.369 percent, down over 3 basis...

  • *Yellen to hold press conference at 2:30 p.m. ET. WASHINGTON, Dec 13- The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth. Fed Chair Janet Yellen is due to hold a press...

  • WASHINGTON, Dec 13- Underlying U.S. consumer inflation slowed in November, held down by weak healthcare costs and the biggest drop in apparel prices in nearly two decades, which could impact the pace at which the Federal Reserve raises interest rates next year. "The lack of a sustained pickup in core CPI does make the Fed deliberations about the pace of monetary...

  • BUENOS AIRES, Dec 13- Trade ministers looked set to wrap up their biennial World Trade Organization meeting on Wednesday without any new agreements after criticism of the agency by the United States, once the WTO's driving force. Ministers gathered in Buenos Aires were never expected to agree on major trade reforms, but even relatively minor proposals on...