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Wires

  • The dismissal of top electoral prosecutor, Santiago Nieto, came two days after he accused Emilio Lozoya, the former boss of state oil firm Pemex, and a longtime ally of President Pena Nieto, in a newspaper interview of writing to him to ask to be declared innocent of funneling Odebrecht cash to political campaigns. President Pena Nieto's party, the Institutional...

  • WASHINGTON, Oct 20- President Donald Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank's top two jobs, in an apparent bid to reassure markets and appease conservatives hungry for change. Under that scenario, either Powell or Taylor would take the reins from Fed Chair...

  • EAST LANSING, Mich.— Dan Gilbert knows Detroit is vying against a slew of cities to lure Amazon's second headquarters. You also have a huge, deep talent base in Canada and special universities. " Detroit Mayor Mike Duggan asked Gilbert to put the proposal together on behalf of the region.Gilbert said a "big, thick proposal with pictures" was delivered to Amazon on...

  • Oct 20- A California judge on Friday threw out a $417 million verdict against Johnson& Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson's Baby Powder for feminine hygiene. The ruling by Los Angeles Superior Court Judge Maren Nelson marked the latest setback facing women and family...

  • Top Economic Events Polling Unit Diary Today in Washington Political and General News. 23- Oct Belgium OLO auction 24- Oct United States Sale of 2- year notes 24- Oct United Kingdom Auction of 0 5/ 8% Index-linked Treasury Gilt 2042 25- Oct United States Sale of 2- year floating rate notes 25- Oct United States Sale of 5- year notes 25- Oct Germany Auction of 10-...

  • **FRANKFURT- Welcome address by ECB Chief Economist Peter Praet at the ECB conference on Credit, Banking and Monetary Policy in Frankfurt, Germany 0700 GMT. **LONDON- Participation by ECB Bank Supervisory Chief Daniele Nouy in "Everything is connected the international dimension of banking regulation and supervision" at the Centre for European Law organized by...

  • Oct 20- Tesla Inc said on Friday it has increased its borrowing capacity for a car lease program to $1.1 billion from $600 million. The move comes as the electric car maker spends heavily to fix production bottlenecks of its new Model 3 sedan. In August, Tesla said it would raise about $1.5 billion through its first-ever offering of junk bonds as it seeks fresh...

  • WASHINGTON— Federal Reserve Chair Janet Yellen on Friday defended the central bank's extraordinary efforts to fight the Great Recession and said they might be needed again. During the recession, the Fed pushed short-term interest rates to zero. "The U.S. economy has made great strides," Yellen said in a speech Friday at a gathering of the National Economists Club...

  • CHICAGO, Oct 20- Monsanto Co sued Arkansas agricultural officials on Friday to stop a proposed summer ban on a weed killer linked to widespread crop damage beyond the major farm state's borders. To prevent damage, the Arkansas plant board advanced a proposal at a September meeting that put the state just one step away from banning dicamba sprayings after April...

  • SAO PAULO, Oct 20- The judge overseeing phone carrier Oi SA's bankruptcy case agreed on Friday to give creditors and the company more time to reconcile competing restructuring proposals, 16 months into Brazil's largest in-court reorganization. Others, all holding claims on debt-laden Oi, included the Ad Hoc Group of Oi Bondholders, Banco do Brasil, state...

  • Drugmaker GlaxoSmithKline said the Food and Drug Administration approved it late Friday. Studies paid for by Glaxo found it prevents shingles in about 90 percent of people. The U.S. Centers for Disease Control and Prevention, though, recommends vaccination for those 60 or older, partly because it loses effectiveness over time.

  • Oct 20- Experimental communications balloons provided by Alphabet Inc in collaboration with AT&T Inc will allow some of the carrier's customers in storm-ravaged Puerto Rico to send texts and access critical information on the internet, Alphabet said on Friday. This month, the U.S. Federal Communications Commission approved Alphabet's application to...

  • Oct 20- The chief executive of Canadian retailer Hudson's Bay Co, Gerald Storch, abruptly resigned on Friday, at a time when the department store company is in the middle of a strategic review and struggling to turn around sales. Storch will step down effective Nov. 1 to return to his advisory firm Storch Advisors, Hudson's Bay said in a statement.

  • NEW YORK, Oct 20- General Electric Co's new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter. But the stock rebounded and closed up 1 percent at $23.83 after CEO John Flannery said he will focus the company on...

  • KENNER, La.— Authorities have found the body of a man who was killed during an explosion on an oil and gas platform in Louisiana's Lake Pontchartrain. Jefferson Parish Sheriff Joe Lopinto said a helicopter spotted the body of 44- year-old Timothy Morrison on Friday afternoon. Morrison, of Katy, Texas, was a contract worker on the platform when the explosion...

  • OTTAWA, Oct 20- Canadian Prime Minister Justin Trudeau's government has been badly shaken by a conflict-of-interest controversy about his finance minister, but the Liberal government's upcoming fiscal update offers an opportunity to reset the public focus on Canada's strong economy, political observers say. The government has been plagued all week about...

  • CHICAGO, Oct 20- Monsanto Co sued Arkansas agricultural officials on Friday to stop proposed restrictions on the use of a weed killer linked to widespread U.S. crop damage, setting up a legal battle between the agrichemical company and a major farm state. Last month, the Arkansas plant board advanced a proposal putting the state just one step away from banning...

  • up to 50,000 high-paying jobs and $5 billion- plus worth of investment. --New Jersey is offering a potential $7 billion in local and state tax credits if the company picks Newark and meets hiring commitments.-- Chicago assembled a committee of political and business leaders to work on its pitch and on Friday released several potential sites including a massive, but...

  • MENLO PARK, Calif.— Google's parent Alphabet Inc. said Friday that its stratospheric balloons are now delivering the internet to remote areas of Puerto Rico where cellphone towers were knocked out by Hurricane Maria. Two of the search giant's "Project Loon" balloons are already over the country enabling texts, emails and basic web access to AT&T customers with...

  • NEW YORK, Oct 20- It has been a rough 16 years for General Electric Co and its shareholders. When recently retired Chief Executive Jeff Immelt took over at the helm of GE in September 2001, the conglomerate was the most valuable U.S. publicly traded company, giving it outsized influence on the stock market. Immelt's successor John Flannery derided the results as "...