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Wires

  • BUENOS AIRES, Dec 13- Mexico and the European Union could reach a framework for a trade deal by the end of the year, though differences remain over agricultural market access, Mexican Economy Minister Ildefonso Guajardo said on Wednesday. Mexico has been aiming to reduce its reliance on U.S. imports and exports since the election of U.S. Mexico and the 28- member...

  • TORONTO, Dec 13- The Canadian dollar rallied against its broadly weaker U.S. counterpart on Wednesday after the Federal Reserve raised interest rates, as expected, with investors betting that Canada will benefit from an improved outlook for the U.S. economy. "With the rate hike, we see the flowers growing and the sun shining in the United States economy," said Kash...

  • *Bank stocks fall in choppy trading after Fed news. NEW YORK, Dec 13- The S&P 500 ended slightly lower on Wednesday pressured by the financial sector after the Federal Reserve announced a widely expected interest rate hike but kept its rate outlook for coming years even as it projected faster U.S. economic growth. "It's a fairly dovish statement which is positive...

  • WASHINGTON— Federal investigators say they're probing an incident in which a Delta Air Lines plane nearly landed on a taxiway that was occupied by another plane at Hartsfield-Jackson International Airport in Atlanta. The National Transportation Safety Board says it has opened an investigation into the Nov. 29 incident. Delta flight 2196 had been cleared to...

  • Dec 13- Ford Motor Co plans to consolidate global production of midsize sedans in China in 2020, three sources said on Wednesday. In North America, the Fusion sedan currently is built in Hermosillo, Mexico, while in Europe, the companion Mondeo sedan is built in Valencia, Spain. Ford in June said it would shift some production of its Focus small car from Mexico to...

  • NEW YORK _ ABM Industries Inc. on Wednesday reported a fiscal fourth-quarter loss of $3.6 million, after reporting a profit in the same period a year earlier. ABM Industries expects full-year earnings in the range of $1.70 to $1.80 per share. ABM Industries shares have climbed 7 percent since the beginning of the year.

  • BUENOS AIRES, Dec 13- A group of 70 World Trade Organization countries pledged on Wednesday to work toward new electronic commerce trade rules that promote open and predictable regulations, joining the initiative as a broader WTO agreement failed. The smaller group pledging to work toward new WTO e-commerce rules includes the European Union, Japan, Canada,...

  • Finisar Corp., up $4.41 to $23.71. Western Digital Corp., up $1.86 to $83.63. Lumentum Holdings Inc., down $1.47 to $50.28.

  • FORT WORTH, Texas _ Pier 1 Imports Inc. on Wednesday reported fiscal third-quarter profit of $7.4 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share. Five analysts surveyed by Zacks expected $466.3 million.

  • *Republicans strike deal on tax-cut plan after Alabama election. NEW YORK, Dec 13- U.S. Congressional Republicans struck a deal on final tax legislation on Wednesday following Democrat Doug Jones' victory in the special U.S. Senate election in Alabama on Tuesday.

  • *World stocks reach record high. NEW YORK, Dec 13- A gauge of world shares rose to further record highs after the Federal Reserve announced a widely expected interest rate hike on Wednesday, while U.S. Kate Warne, investment strategist at Edward Jones in St. Louis, said the Fed's statement was "pretty much as expected" but slightly more dovish.

  • Anadolu said the FBI official was summoned following testimony given by Huseyin Korkmaz in the trial of a former executive at Turkish state-run bank Halkbank, who is charged with taking part in a scheme to help Iran evade U.S. sanctions. State Department spokeswoman Heather Nauert confirmed that an FBI attache at the U.S. Embassy "had been brought in to the...

  • Fox would keep its news and business news divisions, its broadcast stations and Fox Sports, according to sources familiar with the details of the deal being sought by Disney. -Disney, which has a market value of around $166 billion, would acquire Fox's FX and National Geographic cable channels, its movie studio, India's main network Star and a stake in European...

  • MOUNTAIN VIEW, Calif. _ Tintri Inc. on Wednesday reported a loss of $37.9 million in its fiscal third quarter. The average estimate of six analysts surveyed by Zacks Investment Research was also for a loss of 79 cents per share. For the current quarter ending in January, Tintri Inc. expects its results to range from a loss of 83 cents per share to a loss of 79 cents per...

  • BRASILIA, Dec 13- A Brazilian Congress vote on a major pension overhaul has been postponed to next year, the government's Senate leader said on Wednesday, although cabinet ministers said they were still looking to hold the vote next week. Senator Romero Jucá said President Michel Temer had not secured enough lower house support for the unpopular overhaul of...

  • TORONTO, Dec 13- Canada's benchmark stock index notched a record-high close on Wednesday, boosted by sharp gains for gold miners as bullion prices bounced off multimonth lows after the U.S. Federal Reserve hiked rates but kept its 2018 outlook unchanged. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 22.56 points, or 0.14 percent,...

  • *U.S. central bank pushes through third rate hike of 2017. *Fed continues to forecast three rate increases next year. 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....

  • 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.

  • NEW YORK, Dec 13- Leading U.S. office building owners, Equity Office and closely-held Hines, are seeking partners to gain experience in the flexible workspace business that is changing how office space is leased, sources said. The explosive growth of firms such as WeWork, the largest leaser of office space in Manhattan the past three years, has pushed landlords to...

  • MITCHEL FIELD, N.Y. _ Frequency Electronics Inc. on Wednesday reported a loss of $1.5 million in its fiscal second quarter. The Mitchel Field, New York- based company said it had a loss of 17 cents per share. Frequency Electronics shares have dropped 16 percent since the beginning of the year.