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Wires

  • Sept 22- Automatic Data Processing Inc rejected billionaire hedge fund manager William Ackman's request to use a universal proxy card during the human resources outsourcing company's annual shareholder meeting. ADP shareholders are expected to elect new board members at the company's annual meeting on Nov. 7. Ackman, whose hedge fund Pershing Square...

  • NEW YORK, Sept 22- Speculators' net short bets on the U.S. dollar grew in the latest week to the highest total since January 2013, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short position, derived from net positions of International Monetary Market speculators in the yen,...

  • OTTAWA, Sept 22- Canada will impose targeted sanctions against 40 Venezuelan senior officials, including President Nicolás Maduro, to punish them for "anti-democratic behavior," the foreign ministry said on Friday. "Canada will not stand by silently as the government of Venezuela robs its people of their fundamental democratic rights," Foreign Minister...

  • Senator John McCain said on Friday he opposes the latest Republican bill to dismantle Obamacare, dealing the measure what could be a fatal blow given the party's slim Senate majority. With several other Republicans still undecided on the measure, Senate Majority Leader Mitch McConnell said earlier this week he intended to bring it to the Senate floor for a...

  • LONDON Sept 22- Ratings agency Moody's downgraded Britain's credit rating by a further notch on Friday, saying the government's plans to fix the public finances had been knocked off course and Brexit would weigh on the economy. At the same time pressures on the budget would be increased by a weakening of Britain's economy that was likely after its departure...

  • BOSTON, Sept 22- A former Akebia Therapeutics Inc employee accused of insider trading was re-arrested on Friday after violating a bail condition as a prosecutor who once called him "increasingly unhinged" said he would seek the man's detention pending trial. Schultz Chan, the former director of biostatistics at the Cambridge, Massachusetts- based...

  • CHICAGO, Sept 22- Illinois will sell $6 billion of bonds in October to shrink the state's unpaid bill backlog that hit a record $16 billion this week, the Governor's Office of Management and Budget said on Friday. In October, Illinois will sell $4.5 billion of general obligation bonds through a team of senior underwriters consisting of Barclays Capital, Bank of...

  • Kevin Brady, R- Texas, chair of the House Ways and Means Committee, would ease requirements for deducting individual property losses and allow people to draw on their retirement funds without penalty. Vern Buchanan of Florida, a senior member of the Ways and Means Committee and co-chair of the state's congressional delegation, called Brady's legislation "a...

  • Sept 22- The U.S. Food and Drug Administration has declined to approve Johnson& Johnson's rheumatoid arthritis drug sirukumab, saying additional clinical data is needed to further evaluate its safety, the company said on Friday. The FDA's decision is in keeping with an advisory panel's recommendation in August that the FDA reject the drug.

  • WASHINGTON, Sept 22- A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on a handful of large financial institutions it deems "systemically important." The Financial Stability Oversight Council convened Friday to potentially remove the label of "systemically important financial institution," which...

  • LONDON, Sept 22- Britain's government said on Friday that a decision by ratings agency Moody's to downgrade the country's credit rating was based on an "outdated" assessment of its plans to leave the European Union. Moody's lowered Britain's sovereign credit rating to' Aa2' with a stable outlook from' Aa1.'. Earlier on Friday, Prime Minister Theresa May gave a speech...

  • *Canadian dollar at C $1.2338, or 81.05 U.S. cents. "Employment and other data has been quite solid, but inflation has been lagging," said Don Mikolich, executive director for foreign exchange sales at CIBC Capital Markets. He said that he would be looking for clues to the Bank of Canada's likely interest rate trajectory when Governor Stephen Poloz speaks publicly...

  • SANTA ANA, Calif.— A federal judge has granted preliminary approval of a lawsuit settlement requiring Mercedes-Benz to replace seat heaters in up to 270,000 SUVs. Mercedes-Benz has denied its heaters are defective and said in court filings that Callaway "did nothing to treat the so-called' injury.'". "There was no blister and no scar," Mercedes-Benz wrote in a court...

  • *North Korea rhetoric boosts safe-haven assets. Treasury and gold prices rose while the Japanese yen strengthened on Friday as a fresh exchange of barbs between North Korea and the United States fueled geopolitical concerns. "Increasing tensions with North Korea is putting a little bit of selling pressure on the dollar, especially against the Japanese yen,"...

  • An attorney representing Facebook says the trial has been canceled. The billionaire CEO said in a Facebook post Friday that the couple plans to accelerate their work and sell more Facebook shares, sooner. He says he can fund the philanthropy while keeping voting control of Facebook for "20 years or more."

  • CHICAGO, Sept 22- Illinois will sell $6 billion of bonds in October to shrink the state's unpaid bill backlog that hit a record $16 billion this week, the Governor's Office of Management and Budget said on Friday.

  • U.S. stock indexes closed mostly higher Friday as gains for energy, phone and industrial companies made up for losses elsewhere. Real estate and utilities companies were among the biggest decliners. The Russell 2000 index of smaller-company stocks gained 6.60 points, or 0.5 percent, to 1,450.78, a record.

  • A look at the AP Municipal Bond Index for Friday, Sept. 22:. Yield increased 7 basis points over the last week to 1.53 percent. It was 5 basis points on Sept. 15.

  • SANTERAMO IN COLLE, Italy _ Natuzzi SpA on Friday reported a loss of $4.4 million in its second quarter. The Santeramo In Colle, Italy- based company said it had a loss of 8 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • The FDA's decision is in keeping with an advisory panel's recommendation in August that the FDA reject the drug. He added that the company is seeking to "gain a full understanding of FDA requirements for U.S. approval" and plans to have a follow-up discussion with the agency. In April the FDA declined to approve a rheumatoid arthritis drug made by Eli Lilly and Co...