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Wires

  • WASHINGTON, Feb 22- President Donald Trump does not want to ban the sales of an entire class of firearms, the White House said on Thursday, despite mounting pressure to put assault weapons such as the one used in last week's deadly school shooting out of civilian reach. "We don't think the immediate policy response would be to ban an entire class of firearms," White...

  • NEW YORK— In a story Feb. 20 about the tax overhaul and companies raising dividends and share buybacks, The Associated Press reported erroneously that Sirius XM had increased its share buyback following the tax overhaul. NEW YORK— It's just what the GOP said we'd hear from a CEO after being handed a big tax break. The Bank of New York Mellon CEO said he had a...

  • SAN FRANCISCO, Feb 22- Shares of gunmakers American Outdoor Brands and Sturm Ruger& Company rallied on Thursday after U.S. President Donald Trump advocated tightening background checks for guns in response to last week's high school massacre in Florida. "What Trump has been saying is a complete surprise," said Aegis Capital analyst Rommel Dionisio, who covers...

  • *Bond yields ease from Wednesday's peak. NEW YORK, Feb 22- U.S. stocks advanced on Thursday, putting major indexes on track to snap a recent spate of declines, buoyed by gains in industrial and energy shares as U.S. Louis Fed President James Bullard that expressed concerns a "bunch of hikes" could turn Fed policy restrictive, and benchmark 10- year U.S.

  • NEW YORK, Feb 22- Puerto Rico should "start from scratch" rebuilding its already outdated power infrastructure after deadly Hurricane Maria last year devastated it and left citizens marooned, the U.S. central banker overseeing the island territory said on Thursday. Dudley said it will likely take "many more months" to restore electricity and critical...

  • SAN FRANCISCO— Airbnb is dispatching inspectors to rate some of the properties listed on its home-rental service in an effort to reassure travelers they're booking nice places to stay. The Plus program, unveiled Thursday, is aimed at winning over travelers who aren't sure they can trust the computer-driven system that Airbnb uses to assess the quality of...

  • NEW YORK, Feb 22- U.S. Direct bidders, which includes large sovereign buyers including China and Japan as well as some large asset managers, took the largest share of the auction since September. "It was a little bit below market prices for where it went off and the bid cover was a bit light, but the direct bidders were stronger than average," said Lou Brien, a market...

  • The acquisition would transform Phoenix into one of Britain's biggest insurance companies. Phoenix did not return a request for comment about the deal, which was first reported by Bloomberg. The sale to Phoenix comes in the wake of failed talks between SLA and Lloyds Banking Group.

  • WILMINGTON, Del., Feb 22- Data analytics and security company Palantir Technologies Inc must open its books to early investor Marc Abramowitz, who wants to investigate possible fraud and mismanagement at one of the most highly valued private U.S. companies, a judge ruled on Thursday. Abramowitz sued the secretive company, known for helping the U.S. government...

  • JOHANNESBURG, Feb 22- South African power producer Eskom said on Thursday the Optimum coal mine, which is owned by the Gupta family and supplies one of the utility's power stations, had started business rescue proceedings. Ajay Gupta, one of the three Gupta brothers accused of corrupt links to former president Jacob Zuma, was declared a "fugitive from justice" last...

  • JACKSON, Miss.— Mississippi has granted a tax break worth just over $6 million to a hotel developer affiliated with the Trump Organization. Mississippi Development Authority spokesman Jeff Rent confirmed Thursday that the agency's board approved the tourism tax rebate for a hotel in Cleveland, Mississippi. The Scion at West End Hotel is being built by Chawla...

  • TORONTO, Feb 22- Newmont Mining Corp laid out plans on Thursday for new projects to grow gold production and cut costs, while reporting market-beating profits and output forecasts that position it to take the title of world's largest bullion producer in 2018.. Newmont, whose 2017 production slightly lagged industry leader Barrick Gold, boosted its 2018...

  • DETROIT— Japanese air bag maker Takata has reached a $650 million settlement over legal claims from 44 state governments and Washington, D.C. But the states won't get much of the money. South Carolina, which led the states, will get about $139,000 to cover investigation costs. Takata filed for federal bankruptcy protection in June, and its reorganization plan was...

  • *Cushing crude stocks extend slide for a ninth week- EIA. U.S. crude inventories unexpectedly fell 1.6 million barrels last week as net imports dropped to a record low and exports surged, while inventories at the key storage hub in Cushing, Oklahoma continued to slide, according to data from the Energy Information Administration. "It was a trifecta for the bulls...

  • WHITE HOUSE ECONOMIC ADVISER SAYS STOCK MARKET VOLATILITY IS NOT UNUSUAL OR ANYTHING TO BE CONCERNED ABOUT.

  • Gold has traditionally been considered a refuge for investors seeking shelter from a volatile stock market, though the big market tumble this month may have been an exception. One reason the steep market sell-off may not have spurred a big move to gold is many economists and Wall Street experts still project strong global economic growth and improved company...

  • WASHINGTON— Scientists tag sharks to see where they roam in the high seas, but until now they couldn't track the seas' biggest eater: Humans. Five countries— China, Spain, Taiwan, Japan and South Korea— were responsible for 85 percent of high seas fishing. "The most mind-blowing thing is just how global an enterprise this is," said study co-author Boris Worm, a marine...

  • Feb 22- Snap Inc Chief Executive Evan Spiegel received $637.8 million as total compensation last year after the company went public, the third-highest annual payout ever received by a company's CEO. Spiegel's payout trails the 2007 and 2008 compensations of Daniel Och, CEO of hedge fund Och-Ziff Capital Management Group, according to ISS Analytics, the data...

  • Feb 22- China has the world's largest and farthest-ranging fishing operation, outstripping the next 10 biggest combined, according to what researchers say is the most comprehensive and data-intensive study on the subject. Ships from China amassed approximately 17 million hours of fishing in 2016, mostly off the southern coast of their home country, but also...

  • Feb 22- China has the world's largest and farthest-ranging fishing operation, outstripping the next 10 biggest combined, according to what researchers say is the most comprehensive and data-intensive study on the subject. Ships from China amassed approximately 17 million hours of fishing in 2016, mostly off the southern coast of their home country, but also...