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Wires

  • WASHINGTON, Dec 13- The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in U.S. economic growth from the Trump administration's proposed tax cuts. The White House has frequently said its tax plan would produce annual GDP growth of 3 percent to 4 percent.

  • PARIS, Dec 13- Dassault Aviation SA said on Wednesday it was scrapping development of its Falcon 5 X business jet due to delays and technical problems with its French-supplied engines and pledged to launch a new model powered by a rival Canadian supplier. The unnamed new aircraft will appear in 2022 and will be powered by engines from Pratt& Whitney Canada, a...

  • Dec 13- Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said. Fox shares ended trading on Wednesday at $32.75, giving it a market capitalization of $30.34 billion. Australian-born Murdoch...

  • QUITO, Dec 13- An Ecuadorean court on Wednesday sentenced Vice President Jorge Glas to six years in jail after finding him guilty in Brazilian construction company Odebrecht SA's corruption scandal. The prosecutor's office had accused him of receiving a roughly $13.5 million bribe from Odebrecht through his uncle. Glas was suspended from his duties in...

  • The proposal would not only roll back restrictions that keep broadband providers like Comcast, Verizon and AT&T from blocking or collecting tolls from services they don't like, it would bar states from imposing their own rules. That growing public movement suggests that the FCC vote won't be the end of the issue. FCC Chairman Ajit Pai says his plan eliminates...

  • TORONTO _ Helix Biopharma Corp. on Wednesday reported a loss of $1.8 million in its fiscal first quarter. The Toronto- based company said it had a loss of 2 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON— Lawmakers from hard-hit states such as Florida are demanding tens of billions of dollars of hurricane relief and rebuilding funds as part of another temporary Washington spending bill to keep the government from shutting down over Christmas. Hurricane money is one of many pressing items under consideration as GOP leaders struggle to devise a...

  • *Secretive talks between Merkel's party and SDP. *Both parties lost heavily in September election. BERLIN, Dec 13- Chancellor Angela Merkel's conservatives said they were willing to open formal talks on forming a government with Germany's Social Democrats- but her chosen partner was expected to take two more days to decide how to proceed.

  • BOSTON— Microsoft on Wednesday rolled out new features on its Bing search engine powered by artificial intelligence, including one that summarizes the two opposing sides of contentious questions, and another that measures how many reputable sources are behind a given answer. Tired of delivering misleading information when their algorithms are gamed by...

  • NEW YORK, Dec 13- A former elected official of a New York City suburb was sentenced to 2-1/ 2 years in prison on Wednesday following his conviction in what U.S. prosecutors have called the first criminal securities fraud case brought over municipal bonds. Christopher St. Lawrence, who was supervisor of Ramapo, New York, was sentenced by U.S. Lawrence in April 2016...

  • BUENOS AIRES, Dec 13- Negotiations for a trade deal between the European Union and South American trade bloc Mercosur will extend into next year, officials from both sides said on Wednesday, after the Europeans asked for more time to analyze proposed changes. Negotiators for Mercosur- comprising Argentina, Brazil, Paraguay and Uruguay- indicated to their...

  • NEW YORK— Walmart is providing workers with an app aimed at helping them budget their money and get paid before payday. Walmart said it will cover the costs for Even for both full and part-time workers at Walmart, Sam's Club and its e-commerce sites. "Living paycheck to paycheck is too common at Walmart and that is the problem that Walmart should be trying to solve,"...

  • BUENOS AIRES, Dec 13- The World Trade Organization's biennial ministerial conference closed on Wednesday without any "substantive agreements" among the 164 members, Director General Roberto Azevedo said at the event's closing ceremony. "Progress was going to require a leap in members' positions. We didn't see that, "Azevedo said.

  • ECUADOR COURT SENTENCES VICE PRESIDENT JORGE GLAS TO SIX YEARS IN PRISON AFTER FINDING HIM GUILTY IN ODEBRECHT BRIBE PROBE.

  • Attorney's office confirms the Justice Department has opened a criminal investigation connected to allegations that a former Uber executive stole self-driving car technology from a Google spin-off to help the ride-hailing service build robotic vehicles. The letter unsealed Wednesday by a federal judge marks the Justice Department's first...

  • OTTAWA, Dec 13- Canada's decision to make it harder for Boeing Co to win a major jet order hands rival plane maker Lockheed Martin Corp an advantage in capturing the contract, defense experts said on Wednesday. Ottawa on Tuesday scrapped plans to buy 18 Boeing Super Hornets and made clear the company would not win a contract for 88 jets unless it dropped a trade...

  • ZAANDAM, Netherlands, Dec 13- Unlike investors who sold off rival food retail stocks in response to Amazon's plan to buy Whole Foods, Ahold Delhaize boss Dick Boer took the news in stride. Ahold Delhaize, a 62 billion euro Dutch-Belgian supermarkets group with two thirds of its business in the United States, is half the size of Amazon, which this year broke into not...

  • U.S. stock indexes closed mostly higher Wednesday as gains among grocery stores and other consumer-focused companies outweighed losses in financial stocks. The mixed results on Wall Street came as the Federal Reserve raised its benchmark rate for the third time this year. The Russell 2000 index of smaller-company stocks picked up 8.33 points, or 0.6 percent,...

  • 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.

  • BUENOS AIRES, Argentina— A World Trade Organization conference dampened from the start by criticism from the United States has ended without any substantial agreements. The ministerial-level meeting that wrapped up Wednesday in Argentina's capital addressed trade issues involving food and agriculture, e-commerce and fisheries subsidies.