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Wires

  • NEW YORK— Shares of Campbell Soup and Snyder's-Lance have risen after a report that the soup company is in advanced talks to buy the pretzel maker. Snyder's-Lance's brands include Pop-Secret popcorn, Stella D'oro cookies and Snyder's of Hanover pretzels. Shares of Snyder's-Lance Inc., which is based in Charlotte, North Carolina, rose 5.3 percent.

  • Dec 15- Procter& Gamble Co said it appointed activist investor Nelson Peltz to its board following a certified recount of shareholder votes cast at its annual meeting in October.

  • NEW YORK, Dec 15- New York's poorest neighborhoods are home to the city's student borrowers under the most stress, according to a central bank report released on Friday showing "troublingly high" loan default and delinquency rates mainly in the Bronx and Brooklyn. The Federal Reserve Bank of New York report, billed as the first neighborhood-level study of...

  • Toronto police called the deaths suspicious. David Hopkinson said Friday they are investigating two bodies found at a home in Toronto but he declined to release the identities until it is proven to be a homicide. The house in an upscale neighborhood of Toronto has police tape on it and a for sale sign on the lawn.

  • WASHINGTON, Dec 15- Senator Amy Klobuchar, the top Democrat on the Senate antitrust panel, urged the subcommittee on Friday to hold a hearing on Walt Disney Co's plan to buy a number of Twenty-First Century Fox Inc businesses. Disney has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for...

  • WASHINGTON, Dec 15- The U.S. tax overhaul agreed to by congressional Republicans would cut the corporate rate to 21 percent and provide other business owners with a 20 percent tax deduction, details contained in an official summary of the legislation showed on Friday.

  • Dec 15- Activist investor Elliott Management Corp on Friday disclosed a 6.5 percent stake in Akamai Technologies Inc, and said it plans to hold talks regarding strategic alternatives for the company including a sale. The New York- based hedge fund said Akamai shares were "significantly undervalued" and it intends to make proposals to Akamai on sale of certain...

  • NEW YORK, Dec 15- Shares gained worldwide on Friday and Wall Street notched closing record highs on U.S. tax legislation optimism, while the U.S. yield curve turned its flattest in a decade after the Federal Reserve hiked interest rates this week. The European Central Bank and the Bank of England held off on hikes. Wall Street equities closed sharply higher as...

  • NEW YORK, Dec 15- Venezuela is more likely to default on its sovereign bonds than on those of state-run oil company PDVSA given how essential the latter's cash flow is to the country's fortunes, bondholders and legal experts have said. Both asset classes cratered last month after President Nicolas Maduro told creditors that Venezuela wanted to restructure its...

  • DETROIT— The Detroit Free Press announced it has fired Stephen Henderson, the newspaper's managing director of opinion and commentary, after finding what it called credible allegations of inappropriate behavior with female colleagues. Free Press Editor and Vice President Peter Bhatia announced Henderson's termination in a Friday story that said the...

  • MENLO PARK, Calif.— Amazon is angling for a truce in its two-year battle with Apple and Google over streaming gadgets: It says it is preparing to put Apple TV and Chromecast back on sale. A spokeswoman for Amazon confirmed Friday it is preparing to sell the devices. Google had stepped up the pressure, and has threatened to pull YouTube from Amazon's Fire TV on Jan. 1 in a...

  • *Canadian dollar at C $1.2878, or 77.65 U.S. cents. TORONTO, Dec 15- The Canadian dollar weakened against its U.S. counterpart on Friday after domestic data showed a surprise drop in factory sales, while the greenback climbed broadly on prospects of a U.S. tax overhaul. "Just looking at the way the Bank of Canada communicates, it's not as clear, for instance, as the Fed," said...

  • *Technology, healthcare lead the advance. NEW YORK, Dec 15- Wall Street's three major indexes climbed to record closing highs on Friday with broad-based gains as a long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers to pass. Republican Senator Bob Corker joined Senator Marco Rubio in signaling support in the late...

  • *OPEC- led cuts being undermined by U.S. output rises. NEW YORK, Dec 15- Oil prices were mixed on Friday, lingering below two-year highs as the continuing outage of a North Sea pipeline gave support, while climbing U.S. output and weak gasoline demand kept a lid on gains. Brent crude futures settled down 8 cents or 0.1 percent to $63.23 a barrel.

  • *Impeachment could happen within a week, head of Congress says. LIMA, Dec 15- Lawmakers in Peru's opposition-ruled Congress filed a motion on Friday to impeach center-right President Pedro Pablo Kuczynski on grounds he was morally unfit to lead after he resisted calls to resign over alleged corruption. "The less harmful option for Peru would be his resignation.

  • The FCC voted Thursday along party lines to reverse the Obama rules barring internet service providers from blocking or throttling internet traffic, or offering paid fast lanes. On Friday, Senator Charles Schumer of New York said he would force a vote on the FCC action under the Congressional Review Act. "There will be a vote to repeal the rule that the FCC passed.

  • TORONTO, Dec 15- Canada's main stock index rose on Friday, helped by a sharp jump in auto parts maker Linamar Corp after it announced plans to buy an agricultural equipment maker, while financial stocks and base metal miners also gained. *Linamar surged 11.5 percent to C $72.50 after saying after the bell on Thursday it had agreed to buy privately held MacDon Group...

  • AUSTIN, Texas, Dec 15- Parceling out holiday shopping in small amounts and completing it in a realistic schedule helps people maintain the self-control needed to avoid being swept away in impulse purchases that can wreck budgets, a study to be published in January said. The study from Texas A&M University researchers looked at how well people complied with...

  • WASHINGTON, Dec 15- Randal Quarles, the top Federal Reserve official tasked with policing Wall Street, said on Friday that he would recuse himself from any matters concerning Wells Fargo& Co, the nation's third largest bank. Wells Fargo, which last year paid $190 million to settle a phony accounts scandal, is under investigation by two other financial agencies...

  • LISBON/ MILAN, Dec 15- America's decision to scrap rules designed to ensure a free and open internet leaves the European Union as the biggest market where Net neutrality still prevails-- but critics say the EU is not a level playing field. "In practice, providers are allowed to use their position as gate-keepers to favor certain services, which is detrimental to...