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  • SAN FRANCISCO, May 23- Uber cut its losses almost in half and its ride bookings jumped 51 percent since one year ago, the Silicon Valley ride-services firm said on Wednesday, showing that months of scandal and retreating from overseas markets have not slowed its business. Uber Technologies Inc also reported a one-time gain of $2.5 billion, income that came...

  • CHICAGO/ BEIJING, May 23- The United States is seeking better access for imports of genetically modified crops into China as part of a trade deal currently under discussion between the two sides, said two people familiar with the matter. After months of escalating trade tension that led Beijing to threaten hefty tariffs on imports of major U.S. farm products, the...

  • OTTAWA, Ontario— The Canadian government has blocked the proposed takeover of the Aecon Group Inc. construction company by a Chinese state-owned enterprise, citing reasons of national security. Economic Development Minister Navdeep Bains' office confirmed on Wednesday the decision to prevent CCCC International Holding Ltd. from acquiring Aecon for...

  • May 23- Billionaire investor William Ackman said on Wednesday that his hedge fund had taken a roughly $1 billion stake in Lowe's, revealing his third large investment this year. The stock ended trading up 10.4 percent at $94.69 on the New York Stock Exchange. The record of Ackman's $8 billion Pershing Square Capital Management has been spotty in recent years.

  • WINNIPEG, Manitoba _ Medicure Inc. on Wednesday reported first-quarter net income of $1.1 million, after reporting a loss in the same period a year earlier. The Winnipeg, Manitoba- based company said it had net income of 6 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON, May 23- Europe and the United States remain deeply divided over how to proceed after Washington's exit from the 2015 Iran nuclear accord, German Foreign Minister Heiko Maas said on Wednesday after back-to-back meetings with two senior U.S. officials. He said he hoped more concrete details might emerge about Washington's plans for Iran if a...

  • BOSTON, May 23- Activist investors took control of the board of maternity and baby clothing retailer Destination Maternity on Wednesday after investors voted to replace all four directors with dissidents, including three women, sources said. Investors voted to seat Holly Alden, co-founder of audio accessory company Skullcandy, industry analyst and...

  • WASHINGTON, May 23- The Trump administration is considering a proposal to impose new tariffs on imported vehicles invoking a national security law that was used to impose tariffs on aluminum and steel, an administration official and three industry officials who had been briefed on the matter said. At a meeting with automakers at the White House on May 11, Trump...

  • *CANADA BLOCKS CHINA'S CCCC INTERNATIONAL HOLDING'S BID TO BUY AECON GROUP- GOVERNMENT SPOKESMAN Further company coverage:.

  • Kroger will pay $200 million for Chicago- based Home Chef, and may pay an additional $500 million over five years if sales reach certain milestones. Albertsons bought Plated last year, Walmart is expanding its easy-to-make dinners, and meal-kit company Blue Apron started selling some of its kits in Costco stores. Amazon, which bought Whole Foods last year, also...

  • CANADA BLOCKS CHINA'S CCCC INTERNATIONAL HOLDING'S BID TO BUY AECON GROUP- GOVT SPOKESMAN.

  • *Deals could be stymied by earlier fight, tight Senate calendar. "I dont think it is likely that the Senate will have the time or bipartisan support to move another financial services bill," said Dina Ellis Rochkind of the New York law firm Paul Hastings LLP who helped draft the 2012 JOBS Act helping start-up businesses. On Tuesday, the U.S. House of Representatives...

  • NEW YORK, May 23- A U.S. judge in New York on Wednesday ruled that President Donald Trump may not legally block Twitter users from his account on the social media platform based on their political views. Buchwald's ruling was in response to a First Amendment lawsuit filed against Trump in July by the Knight First Amendment Institute at Columbia University and...

  • BOSTON/ NEW YORK, May 23- Jana Partners said on Wednesday it was not invested in Casey's General Stores Inc after speculation that the hedge fund had built a stake in the company helped push its stock price up more than 9 percent in afternoon trading. Bloomberg earlier published a story saying the New York- based hedge fund had built a small stake in the company.

  • The Ohio- based Spangler Candy Co. had the winning $18.83 million bid for the New England Confectionery Co. at a federal bankruptcy auction in Boston. Spangler Candy Co. and three other bidders all indicated they would keep Necco operating at its current location in Revere, just north of Boston, at least through the fall. Spangler Candy Co. makes Dum Dums...

  • BRASILIA, May 23- Brazilian stocks sank on Wednesday after comments by U.S. President Donald Trump reignited global trade worries, while Mexico's peso strengthened on news that talks have continued to rework the North American Free Trade Agreement. The Mexican peso strengthened about 1 percent after reports pointed towards movement on the renegotiation of...

  • RACINE, Wis. _ Modine Manufacturing Co. on Wednesday reported fiscal fourth-quarter profit of $17.6 million. On a per-share basis, the Racine, Wisconsin- based company said it had net income of 34 cents. For the year, the company reported profit of $22.2 million, or 43 cents per share.

  • HOUSTON _ Bristow Group Inc. on Wednesday reported a loss of $100.9 million in its fiscal fourth quarter. The Houston- based company said it had a loss of $2.84 per share. For the year, the company reported that its loss widened to $195.7 million, or $5.54 per share.

  • SAN JUAN, Puerto Rico— The executive director of a federal control board overseeing Puerto Rico's public finances said Wednesday there will be a smaller surplus available for creditors, while a bond insurance company filed a lawsuit seeking to nullify a fiscal plan that aims to pull the U.S. territory out of its economic crisis. Executive director Natalie...

  • Scott Halpern of the University of Pennsylvania. He led the study, published Wednesday by the New England Journal of Medicine. It was sponsored by the Vitality Group, which runs company wellness programs.