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Wires

  • WASHINGTON, Dec 18- Boeing Co and Bombardier Inc went head to head on Monday over the U.S. planemaker's claim that its Canadian rival used billions of dollars in illegal government subsidies to dump its newest jetliner in the United States at below cost. At a contentious hearing of the U.S. International Trade Commission, Boeing accused Bombardier of harming its...

  • NEW YORK, Dec 18- The margin between U.S. shorter-dated and longer-dated Treasury yields widened on Monday from its slimmest in a decade as traders booked profits on curve-flattening positions tied to the view the Federal Reserve would raise interest rates further. "There is a bit of profit-taking on the recent big flattening move," said Guy LeBas, chief...

  • WORCESTER, Mass.— Dunkin' Donuts is brewing more than coffee for the shortest and darkest day of the year. The Canton, Massachusets-based coffee and doughnut chain said Monday it has teamed up with Wormtown Brewery to launch DDark Roasted Brew. Dunkin' Donuts says the stout-style suds feature "full-roasted coffee flavor reminiscent of freshly ground beans with a...

  • OMAHA, Neb.— The weekend death of CSX CEO Hunter Harrison less than a year after he took the railroad's top job raises questions about the future of his reforms. But CSX officials say the 73- year-old Harrison did enough since taking over in March to change the direction of Jacksonville, Florida- based railroad, and executives he trained will carry out the plan.

  • NEW YORK, Dec 18- The margin between U.S. shorter-dated and longer-dated Treasury yields widened on Monday from its slimmest in a decade as traders booked profits on curve-flattening positions tied to the view the Federal Reserve would raise interest rates further. "There is a bit of profit-taking on the recent big flattening move," said Guy LeBas, chief...

  • In a story Dec. 7 about year-end investing, The Associated Press— in an article supplied by the personal finance website NerdWallet— reported erroneously that people aged 50 and older can save up to $24,000 this year and next in their 401 plans. Instead, they can save up to an additional $6,000 this year and next in their 401 plans. If that hasn't happened yet, you have...

  • CALGARY, Alberta, Dec 18- Calgary- based Inter Pipeline Ltd said on Monday it will build a C $3.5 billion petrochemical plant in central Alberta, taking advantage of the provincial government's subsidies for such facilities. Inter Pipeline revealed plans for a petrochemicals plant late last year, and Chief Executive Christian Bayle said on Monday he expects...

  • CALGARY, Alberta, Dec 18- Canadian oil financing firm Oleum Capital Inc plans to raise $200 million in mid-January through what it calls the world's first offering of both shares and cryptocurrency tokens, a senior company executive told Reuters. The Calgary, Alberta- based company, which helps relatively small firms that may have trouble raising capital on...

  • NEW YORK, Dec 18- The dollar fell against a basket of major currencies on Monday, as concerns grew over whether a proposed U.S. tax overhaul program would have a major impact on economic growth, after the bill moved another step closer to passage over the weekend. "Even a passage of the bill by the year's end could have a limited impact on the dollar as investors are...

  • The agency's advance notice kicks off a 60- day comment period on "specific topics for the Agency to consider in developing any subsequent proposed rule," according to an EPA release. "The EPA sets out and requests comment on the roles, responsibilities, and limitations of the federal government, state governments, and regulated entities in developing and...

  • NEW YORK, Dec 18- U.S. stocks traded at record highs on Monday afternoon as the Republican tax plan, which is set to cut corporate tax rates, moved closer to passage. More Republicans said on Sunday they expected Congress to pass the tax bill this week, with a Senate vote set for Tuesday and President Donald Trump expected to sign the bill into law by the end of the week.

  • MILAN, Dec 18- One of the world's most famous hat makers, Borsalino, whose stylish fedoras and straw panamas are popular with movie stars and celebrities, faces liquidation after a rescue plan was rejected by an Italian court on Monday. A judge in the northern town of Alessandria, where the luxury hat maker was founded 160 years ago, refused a request for court...

  • WASHINGTON— Cue the accountants— and the IRS rule-writers— the massive Republican tax package is nearly a done deal, soon to become law. After weeks of drafting, fierce lobbying, horse-trading and cliffhangers from some holdout GOP senators, all that's left is the voting and President Donald Trump's signature. This week Republicans in the House and Senate will...

  • BUENOS AIRES, Dec 18- Argentina's Congress could pass a hotly debated pension reform measure on Monday, lawmakers told reporters, as stone-throwing demonstrators gathered in the capital and the country's main union called a 24- hour general strike to protest the proposal. It changes the whole pension system, " Laura Rivas, a 34- year-old teacher told Reuters,...

  • BRASILIA, Dec 18- Brazil's House Speaker Rodrigo Maia said on Monday that an overhaul of the costly social security system will be hard to achieve if the bill before the lower house does not get approved by February next year, an election year. Maia told a news conference there is room to discuss a longer transition period for public sector employees, but insisted...

  • Dec 18- CSX Corp's stock stabilized on Monday in a sign of confidence that acting Chief Executive Officer Jim Foote can steer the No. 3 U.S. railroad in the short term, but analysts said longer term a more experienced executive will be needed to implement the complex turnaround plan begun by deceased CEO Hunter Harrison. CSX shares have risen about 48 percent this...

  • BOSTON— Thirteen states are suing Massachusetts over a voter-approved law that will ban the sale of eggs and other food products from farm animals that were confined in overly restrictive cages. The 2016 ballot question in Massachusetts was backed by 77 percent of voters. The 13 states, led by Indiana, claim the Massachusetts law violates the U.S.

  • WASHINGTON, Dec 18- The U.S. Environmental Protection Agency on Monday issued a notice that it wants public input for a possible replacement of Obama-era regulations on carbon dioxide emissions from power plants that the agency is repealing. The agency issued an Advance Notice of Proposed Rulemaking, kicking off a 60- day comment period on "specific topics for...

  • *Platinum hits highest level since Dec. 6. NEW YORK/ LONDON, Dec 18- Gold edged higher on Monday as uncertainty over U.S. tax legislation weighed on the dollar, while an analyst said bullion might face renewed headwinds early next year. rising to $915, its highest since Dec. 6.

  • *Wall St jumps on tax-cut hopes, M&A flurry. NEW YORK, Dec 18- Global stock markets rose to new highs on Monday as U.S. Congress was expected to vote as early as Tuesday on the bill, which would become the biggest U.S. tax code overhaul in more than three decades if approved.