×

Wires

  • Dec 11- Comcast Corp said on Monday it had abandoned its bid for most of the assets of Rupert Murdochs Twenty-First Century Fox Inc, leaving Walt Disney Co as the sole suitor in pursuit of the $40 billion- plus deal. Sources told Reuters last week that Disney was in the lead to acquire the assets, which include Fox's FX and National Geographic cable channels, its movie...

  • SAO PAULO, Dec 11- Chilean stocks rose more than 2 percent on Monday, their highest daily rise in almost two years, driven by foreign buyers in large stocks and higher prices for copper, the country's main export. The IPSA index rose 2.69 percent to 5,018.67 points, its best performance since January 2016. Central banks in Mexico, Colombia, Chile and Peru will meet...

  • OTTAWA, Dec 11- The Canadian government and the country's 10 provinces on Monday settled a disagreement on how to split the revenues from a proposed federal tax on marijuana sales once the narcotic drug is legalized next July, Finance Minister Bill Morneau said. Morneau told reporters that for an initial two years, 75 percent of the money would go to the provinces...

  • CHICAGO, Dec 11- Monsanto Co will give cash back to U.S. farmers who buy a weed killer that has been linked to widespread crop damage, offering an incentive to apply its product even as regulators in several U.S. states weigh restrictions on its use. The United States faced an agricultural crisis this year caused by new formulations of dicamba-based herbicides,...

  • MEXICO CITY, Dec 11- Uber Technologies Inc said on Monday that it had appealed regulations that have barred it from accepting cash fares in the Mexican state of Puebla, in a new challenge to clampdowns on the ride-hailing service in Latin America. Authorities from Mexico to Brazil have tried to rein in Uber's use of cash payments, in Brazil because of concerns that...

  • BOSTON, Dec 11- A large New York state retirement plan said on Monday it would keep a popular Fidelity tech fund, whose portfolio manager recently left the company after being accused of sexual harassment, to manage about 10 percent of its assets. The New York State Deferred Compensation Plan agreed to keep the Fidelity Over the Counter Portfolio as one of its top...

  • SAO PAULO, Dec 11- Kroton Educacional SA expects to open 180 undergraduate programs next year, 150 of them through partnerships, as Brazil's biggest for-profit education company ramps up growth plans after regulators blocked a major takeover. Speaking to analysts and investors on Monday, Chairman Rodrigo Calvo Galindo and executives said the company also...

  • UNITED NATIONS— The United Nations says the global economy is growing by about 3 percent— its highest rate since 2011— and a significant acceleration from last year. In its annual economic report and forecast released Monday, the U.N. says the upturn stems predominantly from faster growth in all major developed economies, with east and south Asia remaining "the...

  • By Mathieu Rosemain and Cyril Altmeyer. PARIS, Dec 11- French technology consulting firm Atos offered to buy Gemalto for 4.3 billion euros on Monday to boost its cyber security services as states and big corporations seek to cope with a growing number of attacks on the Internet worldwide. Shortly after issuing the formal offer, Atos Chief Executive Thierry...

  • MINOT, N.D. _ Investors Real Estate Trust on Monday reported a key measure of profitability in its fiscal second quarter. The Minot, North Dakota- based real estate investment trust said it had funds from operations of $13.6 million, or 10 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from...

  • WASHINGTON, Dec 11- The U.S. Education Department under President Donald Trump and Secretary Betsy DeVos has stopped canceling the student-loan debt of people defrauded by failed for-profit schools and those borrowers face mounting interest and other burdens, its inspector general said on Monday. In the final days of his administration, President Barack...

  • Dec 11- British Columbia said on Monday it would push ahead with a C $10.7 billion hydroelectric dam project approved by the western Canadian province's previous government, provoking an angry response from a political partner and threats of court cases from indigenous groups. New Democratic premier John Horgan said he was continuing with the Site C project...

  • "The data support the early use of carfilzomib as an effective therapy at first relapse, regardless of prior treatment with Velcade or transplant," Keith Stewart, principal investigator on the study said, referring to Takeda Pharmaceutical Co's cancer treatment. FDA requesting to include the new overall survival data in the drug's label.

  • Dec 11- British Columbia said on Monday it would push ahead with a C $10.7 billion hydroelectric dam project approved by the western Canadian province's previous government, provoking an angry response from a political partner and threats of court cases from indigenous groups. New Democratic premier John Horgan said he was continuing with the Site C project...

  • CHICAGO, Dec 11- U.S. corn and wheat futures fell to life-of-contract lows on Monday, anchored by plentiful global grain supplies, and soybeans sagged as forecasts called for beneficial rains in Argentina, analysts said. Chicago Board of Trade March corn settled down 3-3/ 4 cents at $3.49 per bushel after hitting a contract low at $3.48-1/ 4. CBOT March wheat ended...

  • DETROIT, Dec 11- If Congress eliminates an electric vehicle tax credit it "will have an impact" on sales of U.S. electric vehicles such as General Motors Co's Chevrolet Bolt, GM Chief Executive Mary Barra said on Monday. Auto industry and environmental groups are lobbying to save the credit as the House and Senate move to merge their versions of the tax overhaul...

  • Dec 11- Oil and gas producer Oasis Petroleum Inc said it would buy more acreage in the Delaware Basin from privately-held Forge Energy LLC for about $946 million in cash and stock, boosting its presence in the top U.S. oil field. The company also said that it was divesting non-core assets in Williston Basin for up to $500 million in 2018.. Oasis said it expected to...

  • NEW YORK _ Value Line Inc. on Monday reported fiscal second-quarter profit of $2.1 million. On a per-share basis, the New York- based company said it had profit of 21 cents. Value Line shares have fallen slightly more than 1 percent since the beginning of the year.

  • FT. MYERS, Fla. _ AliCo. on Monday reported a loss of $19 million in its fiscal fourth quarter. On a per-share basis, the Ft. Myers, Florida- based company said it had a loss of $2.29. Alico shares have risen 18 percent since the beginning of the year.

  • Stocks ended modestly higher Monday, nudging the Standard& Poor's 500 index and Dow Jones industrial average to record highs. Technology stocks accounted for most of the gains. The Russell 2000 index of smaller-company stocks slipped 1.88 points, or 0.1 percent, to 1,519.84.