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Wires

  • MINNEAPOLIS _ Winmark Corp. on Tuesday reported third-quarter earnings of $5.7 million. On a per-share basis, the Minneapolis- based company said it had net income of $1.33. Winmark shares have risen slightly more than 9 percent since the beginning of the year.

  • OTTAWA/ TORONTO, Oct 17- Alphabet Inc, the owner of Google, will announce plans to help develop a section of Toronto's waterfront on Tuesday, in the biggest project disclosed so far by its Sidewalk Labs unit that is using new technologies to develop high-tech urban areas. Google will be the anchor tenant at the site that Sidewalk Labs- which designs, tests and builds...

  • DETROIT— Autonomous vehicles are already navigating the verdant hills of Pittsburgh and cruising the pitched avenues of San Francisco. Cruise Automation, a self-driving software company owned by General Motors, aims to begin testing in New York early next year. Testing in New York is allowed under legislation included in the 2018 state budget.

  • MONTREAL, Oct 17- Airbus SE takes a majority stake in Bombardier Inc's CSeries jet program for $1, in a game-changing aerospace deal that puts pressure on rivals Boeing Co and Embraer. UK GOVERNMENT- Bombardier is the largest manufacturing employer in Northern Ireland and the deal gives a boost to British Prime Minister Theresa May, whose minority Conservative...

  • *U.S. import prices rise to highest since June 2016. NEW YORK, Oct 17- The U.S. Yields on 5- year notes touched their highest level since Oct. 6 while 30- year yields fell to the lowest since Sept. 27.

  • President Donald Trump has a pool of five candidates to choose from for the next chair of the Federal Reserve and is likely to announce his choice before going to Asia in early November, a source familiar with the situation said on Tuesday. Trump has an interview scheduled on Thursday with current Fed Chair Janet Yellen, whose term expires in February.

  • *Italy- Germany bond yield gap at narrowest in over three weeks Italian political breakthrough contrasts with Catalonia concerns. LONDON, Oct 17- Political developments in Italy helped narrow its government bond yield spread over that of Germany to the tightest level in more than three weeks on Tuesday, making it one of the day's best performers in the euro area.

  • *Wall Street mixed, Europe flattens near record highs. *U.S. 2- year yields pop to near 9- year high. NEW YORK, Oct 17- U.S. stocks turned mixed on Tuesday, with traders unimpressed by some bank earnings reports, while the U.S.

  • *Iran plans to boost oil, gas output by 2021. President Donald Trump's revised hardline policy towards Iran will have little impact on Tehran's ambition to develop its vital oil sector and attract foreign investment, a senior Iranian official said on Tuesday. Trump's decision last Friday not to certify that Iran was complying with a landmark 2016...

  • *U.S.- Iran tension helps raise global risk premium for oil. Brent crude futures were down 60 cents, or 1 percent, at $57.22 a barrel by 11:44 a.m. EDT. The Baghdad government recaptured territory across northern Iraq from Kurds on Tuesday, widening a campaign that has shifted the balance of power in the country.

  • TRUMP'S POOL OF FED CANDIDATES INCLUDES CURRENT CHAIR YELLEN, ADVISER COHN, FED GOVERNOR POWELL, FORMER FED GOVERNOR WARSH, STANFORD ECONOMIST TAYLOR- SOURCE FAMILIAR.

  • TRUMP TO LIKELY ANNOUNCE FEDERAL RESERVE CHAIR PICK FROM POOL OF FIVE CANDIDATES BEFORE LEAVING FOR ASIA TRIP IN EARLY NOV- SOURCE FAMILIAR.

  • *FTSE 100 down 0.1 pct. LONDON, Oct 17- British shares edged lower on Tuesday, with a flurry of trading updates driving sharp swings in individual stocks including tourist attractions operator Merlin Entertainments, which plummeted after disappointing summer sales. The FTSE ended the day 0.1 percent lower, weighed down by a pullback in mining stocks as metals...

  • Rapid-fire changes to operations and cost cuts under newly appointed Chief Executive Hunter Harrison, and ensuing service delays, have drawn scrutiny from rail regulators and raised questions about how long it could take for his "precision scheduled railroading" strategy to fully take root. "Considering the effects of both Hurricane Irma and CSX's...

  • WASHINGTON— Two leading senators said Tuesday they have the "basic outlines" of a bipartisan agreement to resume federal payments to health insurers that President Donald Trump has blocked. In exchange, Republicans want Congress to give states "meaningful" flexibility to ease some coverage requirements under President Barack Obama's health care law.

  • WASHINGTON, Oct 17- General Electric has agreed to make payments to the U.S. government after failing to divest a subsidiary as quickly as agreed following a merger approval, the Justice Department said on Tuesday. The department, which did not say how big the payments are, said that they are to begin on Jan. 1 and continue "until the divestitures in each...

  • Oct 17- The U.S. Supreme Court on Tuesday canceled arguments in a securities fraud dispute involving Virginia- based government contractor Leidos Inc after the company and investors told the court they had reached a settlement. The suit, led by the Indiana Public Retirement System, alleged that the company omitted and misstated key information in securities...

  • *Goldman dips, Morgan Stanley up after Q3 profit beat. *Healthcare stocks lead gainers on S&P, Dow. Oct 17- The Dow Jones Industrial Average breached the 23,000 mark for the first time on Tuesday led by more than 5 percent gain in UnitedHealth.

  • LONDON, Oct 17- The Bank of England's new deputy governor distanced himself from the central bank's majority view that interest rates probably need to rise soon, and another newcomer said her support for that position was "very contingent on the data". Sterling and government bond yields fell as investors took the comments from Deputy Governor Dave Ramsden and...

  • BERLIN, Oct 17- Chancellor Angela Merkel won a fourth term in office in the German national election on Sept. 24, but a fractured vote that brings the far-right into parliament means she must try to work out a three-way coalition untested at federal level. The new alliance would comprise Merkel's conservative bloc- her Christian Democratic Union and the Bavarian...