×

Wires

  • LINCOLN, Neb./ CALGARY, Alberta, Nov 20- Nebraska regulators approved a route for TransCanada Corp's Keystone XL pipeline through the state on Monday, lifting the last big regulatory obstacle for the long-delayed project that U.S. The 3-2 vote by the Nebraska Public Service Commission helps clear the way for the pipeline linking Canada's Alberta oil sands to...

  • *Trading expected to be light before Thanksgiving. NEW YORK, Nov 20- U.S. "The highlight of the week should be the minutes on Wednesday," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York.

  • LOS ANGELES, Nov 20- Oil prices fell more than 1 percent on Monday, extending recent weakness ahead of next week's OPEC meeting, while a rally in the dollar hurt commodities across the board. The Organization of the Petroleum Exporting Countries, together with a group of non- OPEC producers led by Russia, has been restraining output since the start of this year to try...

  • SYDNEY/ DAKAR, Nov 20- Oil exploration company Cairn Energy is in talks with BP to sell a 30 percent stake in its deepwater SNE field offshore Senegal, which could be valued at around $600 million, banking sources and a Senegal oil ministry source said on Monday. Oil majors have been increasingly homing in on the waters off Senegal, as well as neighbors Mauritania and...

  • WASHINGTON— Janet Yellen is submitting her resignation from the Federal Reserve board to President Donald Trump, announcing that she will leave the board when her successor Jerome Powell is sworn is as Fed chairman. Yellen says that she will "do my utmost" to make sure that there is a smooth transition to Powell, who was tapped by Trump on Nov. 2 to become the next Fed...

  • DENVER— Colorado regulators have issued an $8.9 million fine against Uber's parent company for allowing employees with serious criminal or motor vehicle offenses to work for the company. The Colorado Public Utilities Commission said Monday that it launched an investigation into the ride-hailing service last year after an Uber driver was accused of...

  • NEW YORK— New York City has hundreds of hotels, and many have something truly special to offer. The Beekman is located in an 1881 building in Lower Manhattan with a glorious nine-story atrium surrounded by beautiful balconies. The Moxy Times Square's playful decor includes a rooftop bar and lounge with carousel, minigolf and topiary bears.

  • Federal Reserve Chair Janet Yellen will leave her seat on the central bank's Board of Governors once Jerome Powell is confirmed and sworn in to replace her as head of the Fed, the central bank and Yellen announced on Monday. Yellen's term as Fed chief ends in February, but she technically could continue serving out a separate appointment as a Fed governor until...

  • BAGHDAD, Nov 20- BP and Eni are among companies that have expressed an interest in developing the giant Majnoon oilfield which Royal Dutch Shell plans to leave next year, Iraqi oil officials said on Monday. Shell has agreed to exit the Majnoon field in southern Iraq and hand over its operation to the state-run Basra Oil Co. by the end of June 2018, according to two...

  • FED CHAIR YELLEN ANNOUNCES SHE WILL ALSO LEAVE BOARD OF GOVERNORS SEAT WHEN SUCCESSOR JEROME POWELL IS SWORN IN.

  • YELLEN IN RESIGNATION TO TRUMP SAYS SHE IS "GRATIFIED" BY THE ECONOMY'S PROGRESS SINCE FINANCIAL CRISIS, PLEDGES "SMOOTH TRANSITION" TO POWELL.

  • YELLEN WOULD BE ELIGIBLE TO CONTINUE AS A FED GOVERNOR UNTIL 2024 EVEN AFTER HER TERM AS CHAIR EXPIRES IN FEBRUARY.

  • POWELL, TRUMP'S NOMINEE TO REPLACE YELLEN, WILL HAVE CONFIRMATION HEARING NEXT WEEK BEFORE SENATE BANKING COMMITTEE.

  • WASHINGTON, Nov 20- A decision by Mitsubishi UFJ Financial Group Inc to shift its U.S. banks from state regulators to a federal bank regulator is garnering scrutiny from a pair of U.S. Senators Elizabeth Warren and Chris Van Hollen sent a letter to the Office of the Comptroller of the Currency on Monday, pressing for details on the regulator's decision to allow the...

  • CHICAGO, Nov 20- The U.S. Justice Department withdrew a Medicare fraud lawsuit against HCR ManorCare, removing a cloud over one the largest U.S. nursing home chains as it nears a deadline to settle a legal dispute with its landlord. The Justice Department's whistleblower lawsuit, which accused HCR ManorCare of receiving millions of dollars in Medicare...

  • WASHINGTON— The Trump administration is imposing sanctions on six Iranian men and companies for counterfeiting Yemeni currency as a part of a scheme by the Islamic Revolutionary Guard Corps to destabilize the country. The Treasury Department said Monday that those sanctioned, including two German-based printing and design firms, are part of a network that...

  • SANTIAGO, Nov 20- A strong performance by Chile's left-wing parties in Sunday's election left conservative presidential frontrunner Sebastian Pinera facing a tight battle to win a December runoff and likely opposition to tax breaks in Congress if elected. Chile's stock index sank 5 percent on Monday and the peso currency closed nearly 2 percent lower.

  • Nov 20- Bombardier Inc is expected to price its new bond offering on Monday, a day ahead of initially planned, in a sign the Canadian plane and train maker is drawing strong interest for its $900 million deal, one of the lead banks said. As part of the deal, Bombardier has said it would invest $300 million to set up an Alabama assembly line at an existing Airbus facility...

  • CHICAGO, Nov 20- Millicent Graves will get a raise from Social Security next year, but her household budget will get worse, not better. The 2 percent cost-of-living adjustment announced by Social Security for 2018 last month will boost Graves monthly benefit by $20.70. But for roughly 70 percent of seniors, Social Security benefit amounts will stay flat due to the...

  • DAKAR, Nov 20- BP is seeking to acquire a stake in Cairn Energy's offshore Senegal oil assets and is awaiting approval by the state, which is expected soon, an adviser to Senegal's energy minister said on Monday. "We are aware that BP wants to acquire a stake in Cairn Energy, but they are awaiting validation by the state," the adviser told Reuters by telephone.