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Wires

  • NEW YORK— It may be a while, if ever, before investors can buy an exchange-traded fund made up of bitcoin and other digital currencies. The Securities and Exchange Commission this week sent a letter to investment trade groups containing more than 30 questions that must be answered before a digital currency fund gets approval. Among the concerns: How would funds...

  • *Randal Quarles warns revising rule will be substantial effort. WASHINGTON, Jan 19- U.S. financial regulators have begun work on a proposal to "streamline" the Volcker Rule banning banks from making risky bets with their own money, the country's top banking regulator said on Friday, in a development that will be cheered by banks that have long complained the rule is...

  • PANAMA CITY, Jan 19- The Iranian tanker that sank after a collision in the East China Sea, causing the worst oil ship disaster in years, had its paperwork in order, according an initial review by maritime authorities in Panama, whose flag it was sailing under. Fernando Solorzano, head of Panama's Merchant Marine, told Reuters there was no initial sign that the...

  • FRANKFURT, Jan 19- Biotest said on Friday that it has sold its U.S. operations, allaying national security concerns by U.S. authorities and paving the way for the German company's sale to a Chinese investor. The Committee on Foreign Investment in the United States had initially blocked the sale of the German blood plasma products maker to the Chinese investor...

  • NEW YORK/ LONDON, Jan 19- Gold prices rose slightly on Friday as the U.S. dollar hovered near a three-year low on heightened fears of a U.S. government shutdown, but the precious metal was still on track for its first weekly drop in six weeks. The U.S. dollar fell versus a basket of currencies as the U.S. Senate raced to avert a government shutdown on Friday ahead of a...

  • Among oil- and gas-producing states, Wyoming gained three rigs, West Virginia increased by two and Louisiana, New Mexico, Pennsylvania and Texas each gained one. Colorado and Ohio each lost four rigs and Alaska, North Dakota and Utah each decreased by one. Arkansas, California and Oklahoma were unchanged.

  • MILAN/ ROME, Jan 19- Italian airports and motorway operator Atlantia said on Friday it would call a shareholder meeting to vote on changes to its offer for Spanish rival Abertis, as it seeks to strengthen its hand in a bid battle. Hochtief is currently in the lead, having submitted a higher bid on Oct. 18 that values Abertis at around 17.1 billion euros.

  • Houston, Jan 19- Oil prices slid 1 percent on Friday and were on track for the biggest weekly falls since October despite hitting three-year highs earlier this week as concerns over growing U.S. production outweighed tightening global supplies. Brent crude futures were trading 68 cents lower at $68.63 a barrel at 1:26 p.m. EST. West Texas Intermediate crude...

  • They were sold at Bed Bath& Beyond stores and at www.bedbathandbeyond.com from August 2017 through October 2017. HOW MANY: About 175,000 in the U.S. and 20 in Canada. DETAILS: AC-5VF power adapter wall plugs sold with Fujifilm digital camera models XP90, XP95, XP120, XP125, X-A3 and X-A10.

  • President Donald Trump postponed plans to go to his Mar-a-Lago resort in Florida and met at the White House with Senate Democratic Leader Chuck Schumer to try to avert the shutdown, a source familiar with the situation said. "The market is really just looking past this whole worry of government shutdown, which looks like we are getting closer and closer to," said...

  • Jan 19- Nike Inc's shares surged to a two-year high on Friday after two Wall Street brokerages said the footwear maker's profitability would soon reap the benefits of its recent move to sell directly to consumers. Bernstein Research and Wedbush Securities said this direct-to-consumer model would boost Nike's margins once the plans were fully implemented...

  • CHICAGO, Jan 19- In a blow to manufacturers Monsanto Co and BASF SE, Arkansas state lawmakers voted on Friday to bar sprayings of a controversial weed killer after mid-April to protect farmers from potential crop damage. Arkansas will prohibit the use of herbicides based on a chemical known as dicamba from April 16 to Oct. 31, the strictest state limits imposed on...

  • SACRAMENTO, Calif. _ Bank of Commerce Holdings on Friday reported fourth-quarter net income of $7,000. For the year, the company reported profit of $7.3 million, or 48 cents per share. Bank of Commerce shares have increased slightly since the beginning of the year.

  • NEW YORK, Jan 19- A federal judge on Friday dismissed a proposed class-action lawsuit by a New York vegetarian who accused Buffalo Wild Wings Inc of failing to disclose that it cooked french fries and other "non-meat" items in beef fat. District Judge Katherine Forrest in Manhattan said the plaintiff Alexa Borenkoff did not show how the chain's use of beef tallow...

  • PHILADELPHIA— A group of nuns have taken their fight to halt a natural gas pipeline project on their rural Pennsylvania property to a federal appeals court. A lawyer for sisters in the Adorers of the Blood of Christ on Friday told a panel of federal judges in Philadelphia that building a pipeline through their cornfield in Lancaster violates their religious...

  • A bill to fund the federal government through Feb. 16, approved on Thursday night by the Republican-dominated House of Representatives, appeared on the verge of collapse in the Senate, where Democratic votes are needed to pass it. President Donald Trump postponed plans to go to his Mar-a-Lago resort in Florida and met at the White House with Senate Democratic...

  • NEW YORK, Jan 19- The New York Federal Reserve on Friday reduced its estimate on U.S. gross domestic product growth for the first quarter of 2018 as a steeper-than-forecast drop in homebuilding in December offset a stronger-than-expected increase in industrial production last month. The regional central bank's "Nowcast" model calculated the U.S. economy was...

  • Andrew Cuomo calls them "revenue actions" and "revenue raisers." "No" was Senate Republican leader John Flanagan's one-word answer when asked if fellow GOP members were likely to support the new taxes and fees unveiled during Cuomo's budget presentation Tuesday. The governor's $168 billion spending plan includes a variety of ways to close a projected $4.4...

  • Jan 19- The S&P 500 and the Nasdaq edged higher on Friday following positive brokerage recommendations on a bunch of consumer names, but the Dow was reined in by losses in IBM. "We've seen estimates being raised for 2018, so that provides some fundamental underpinnings for the strength we've in equity markets," said Bill Northey, senior vice president of U.S.

  • WASHINGTON, Jan 19- U.S. financial regulators have begun work to "streamline" the Volcker Rule banning banks from making risky bets with their own money, the country's top banking regulator said on Friday. Randal Quarles, vice chairman for supervision at the Federal Reserve, told a conference in Washington that the five agencies that oversee the rule were working...