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Wires

  • MORGANTOWN, W.Va.— The retired coal company executive from West Virginia chosen by President Trump to oversee U.S. mining safety says his first priority is preventing people from getting hurt and that he replaced the managers of a mine plagued by safety violations in 2010 and 2011 where a miner died. David Zatezalo, who retired in 2014 from Rhino Resources, faces...

  • LONDON, Oct 20- Sterling bounced back from an eight-day low against the euro on Friday, with investors hopeful of a breakthrough in Brexit negotiations after British Prime Minister Theresa May won a modest reprieve in stalled talks with the European Union. "May's acknowledgement that the UK will honour its financial commitments to the EU while claiming her...

  • LONDON, Oct 20- Sterling bounced back from an eight-day low against the euro on Friday, with investors hopeful of a breakthrough in Brexit negotiations after British Prime Minister Theresa May won a modest reprieve in stalled talks with the European Union. "May's acknowledgement that the UK will honour its financial commitments to the EU while claiming her...

  • BEIJING/ BRUSSELS, Oct 20- The European Commission launched an investigation on Friday into the import of electronic bikes, or e-bikes, from China, prompting Beijing to warn Europe not to slip into protectionism. China's commerce ministry said it would defend its companies' interests and urged the EU to respect World Trade Organization rules.

  • TORONTO, Oct 20- Canada's main stock index was broadly higher on Friday, touching its strongest level in nearly eight months, as rail companies, banks and miners led gains. At 10:38 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index rose 58.21 points, or 0.37 percent, to 15,876.21. Canada's four largest banks were among the top 10 most influential...

  • SAO PAULO, Oct 20- The Mexican peso tumbled on Friday after the U.S. Senate cleared the way for a tax reform that raised the prospect of a fiscal lift to the U.S. economy that could force interest rates to rise faster. Senate approval of a U.S. budget blueprint on Thursday for the 2018 fiscal year cleared a critical hurdle for Republicans to pursue a tax-cut package...

  • The most popular form of program credits hit two-month highs on Friday on the EPA news, traders said.. The so-called D6 credits sunk to 68 cents last month as EPA considered cost-cutting measures, but prices have rebounded in recent weeks and approached 90 cents on Friday, traders said. Pruitt said the EPA would not pursue another idea floated by EPA leadership...

  • Prosecutors at the Federal Trade Commission, 11 states and the District of Columbia have filed 36 lawsuits and other legal actions against companies they say falsely promise debt relief, charging more than $95 million in illegal fees in recent years. But they say the Education Department and its contracted loan servicing companies fail to steer borrowers...

  • KEEPING SCORE: The Standard& Poor's 500 index rose 9 points, or 0.4 percent, to 2,571 as of 10:18 a.m. Eastern time. PayPal Holdings was the second-biggest gainer in S&P 500, climbing $3.66, or 5.4 percent, to $70.91. Alliance Data Systems added $6.51, or 2.8 percent, to $239.31.

  • GOSHEN, N.Y.— A Hudson Valley town planning board has approved the site plan for a proposed Legoland amusement park, completing a 17- month review of the project. The Times Herald-Record of Middletown reports that the Goshen, New York, planning board voted 6-0 in favor of the $500 million project Thursday. Opponents of the park have called for a referendum on the...

  • Whether she becomes a doctor depends on whether Congress finds an alternative to the Deferred Action for Childhood Arrivals program that President Donald Trump phased out last month. "It's mostly a tragedy of wasted talent and resources," said Mark Kuczewski, who leads the medical education department at Loyola University's medical school, where Arreola is...

  • *U.S. tax cuts clear budget hurdle in Senate. NEW YORK, Oct 20- The dollar rose on Friday, on track for its biggest daily gain in more than two weeks, as progress on U.S. tax reforms raised prospects of a fiscal lift to the economy, bolstering investor appetite for risk. Senate approval of a budget blueprint on Thursday for the 2018 fiscal year cleared a critical hurdle for...

  • Shares of Schlumberger NV dropped nearly 5 percent to a 21- month low of $61.41, while Baker Hughes tumbled 5.2 percent to a 16- month low of $31.44. Schlumberger said investments in North America were moderating as energy companies increasingly shied away from chasing higher production at the cost of financial returns. Kibsgaard said he expects the rate of...

  • LONDON, Oct 20- U.S. natural gas stocks continue to tighten, but most traders appear unconcerned, with futures prices for gas delivered this winter close to the lowest levels since the start of the year. Working gas stocks in underground storage were 35 billion cubic feet below the five-year average at 3,646 bcf on Oct. 13, according to data from the U.S. Energy...

  • WOODHAVEN, Mich.— Police say a disgruntled worker shot and killed himself at a Ford Motor factory in suburban Detroit. Woodhaven Deputy Chief Scott Fraczek says the worker who killed himself had a work-related problem. The Woodhaven factory is 20 miles south of Detroit and employs 420 people.

  • *Senate passes budget plan that could pave the way for tax cuts. Oct 20- U.S. stocks inched higher on Friday as bank stocks rose and tech stocks recovered, with investor optimism back as Trump administration cleared a hurdle to lower taxes. The Republican-controlled Senate approved a budget blueprint for the 2018 fiscal year in a pursuit to legislate the tax-cut...

  • CHICAGO— Grain futures were higher Friday in early trading on the Chicago Board of Trade. Wheat for Dec. delivery was up. 60 cent at $4.3340 a bushel; Dec corn down 1 cent 3.48 a bushel; December oats higher 3.40 cents at $2.73 a bushel while Nov. soybeans was 1.60 cents higher at $9.8820 a bushel. October live cattle was up. 38 cent at $1.1158 a pound; October feeder cattle...

  • WASHINGTON— U.S. home sales rose slightly last month as the Houston housing market quickly recovered from Hurricane Harvey. The National Association of Realtors said Friday existing home sales increased 0.7 percent to a seasonally adjusted annual rate of 5.39 million. "It's simply impossible to sell more homes when the number of homes for sale keeps falling,"...

  • In a response late Thursday to the Securities and Exchange Commission, Axon Enterprises Inc. cited "miscommunication issues." In its final letter to the company on Sept. 20, the SEC said it was terminating the review and would "take further steps as we deem appropriate. The three letters sent by the SEC can be seen on the agency's website.