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Wires

  • MEXICO CITY, Jan 16- Car dealerships in Mexico City have kicked off the new year offering "clearance sales" and free insurance as 2017 models collect dust on their lots, a reminder that consumer nerves over high interest rates could slow the economy ahead of elections. "If I'm going to buy a new car and then not be able to fill it up with gasoline, then it's better to sit...

  • CHICAGO, Jan 16- Minnesota Governor Mark Dayton on Tuesday proposed $1.54 billion of capital projects funded largely through the sale of highly rated general obligation bonds, although the state's ratings have come under a cloud due to a fight over the legislature's budget. Now is the time to make substantial investments in our states future, "Dayton said in a...

  • WASHINGTON— A derailment over the Martin Luther King Jr. holiday weekend is only the latest problem for the dysfunctional D.C. subway system that Washingtonians love to hate. Metro's problems are familiar to subway riders in New York and other big cities: smoke-filled tunnels, technical failures, delays and more. Washington's trains extend into Virginia and...

  • FRANKFURT, Jan 16- The European Central Bank is unlikely to ditch a pledge to keep buying bonds at next week's meeting as rate setters need more time to assess the outlook for the economy and the euro, three sources close to the matter said. But three sources on or close to the ECB's policy-making Governing Council said any fundamental change to the guidance was...

  • Jan 16- Nvidia Corp said on Tuesday China's Chery Automobile Co would use its self-driving technology that it has developed with Baidu and ZF Friedrichshafen AG. Chery will be the first Chinese carmaker to adopt the new system, Nvidia said. Chinese internet search firm Baidu and German auto supplier ZF had selected Nvidia Drive for their autonomous vehicle...

  • NEW YORK, Jan 16- The market that supplies New York City with most of its fresh fruits and vegetables faces the prospect of its first work stoppage since 1986 if last-ditch bargaining on Tuesday fails to bridge pay differences in a contract covering 1,100 warehouse workers. I'm not very optimistic that were going to get a settlement, lets put it that way, "said Dan...

  • NEW YORK, Jan 16- U.S. shale production for February is expected to rise by 111,000 bpd to 6.55 million bpd, the U.S. Energy Information Administration said on Tuesday. Eagle Ford oil output is expected to rise by 15,000 bpd to 1.27 million bpd, while Bakken output is set to rise by 8,500 bpd to 1.22 million bpd, the agency said in a monthly report. Permian production is...

  • BRASILIA, Jan 16- Brazilian President Michel Temer on Tuesday called for the vice presidents of state lender Caixa Econômica Federal to step down for 15 days to defend themselves from accusations of wrongdoing. Prosecutors and the central bank had previously demanded the ouster of Caixa's 12 vice presidents following a series of corruption probes.

  • Bill Richardson said Tuesday that he hoped two Reuters journalists will be freed in conjunction with his visit to Myanmar next week as a member of an international advisory panel seeking to resolve the crisis in the country. The fate of the two journalists, who could be sentenced to 14 years in prison, will be discussed when Richardson and three other members of...

  • The FCC voted in December along party lines to reverse rules introduced in 2015 that barred internet service providers from blocking or throttling traffic or offering paid fast lanes, also known as paid prioritization. A reversal of the FCC decision faces a difficult road and needs the approval of the U.S. Senate, the U.S. House and President Donald Trump.

  • *Dow tops 26,000 but Wall Street gives up gains. NEW YORK, Jan 16- World stock markets edged lower on Tuesday, giving back earlier gains as Wall Street retreated from initial highs as a decline in oil and metals weighed on the energy and materials sectors. Wall Street initially moved higher, as the Dow breached the 26,000 mark for the first time.

  • *GE Capital to make statutory reserve contributions of $15 bln. Jan 16- General Electric Co again raised the prospect of breaking up the conglomerate on Tuesday as it announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws. Chief Executive John Flannery has previously raised the idea of selling pieces of the...

  • *Informa in talks to buy UBM for more than $4.14 bln. *Announcement to come in as soon as Wednesday- sources. Jan 16- Britain's Informa is in talks about a deal to buy events organizer UBM for more than 3 billion pounds, rekindling plans from almost a decade ago to create a major business media and conventions group.

  • LONDON, Jan 16- Britain's markets regulator has been told to apologize to a former Royal Bank of Scotland employee after it offered "unconvincing" arguments for why it revealed his identity to the bank in a whistleblower case in 2013.. The Financial Regulators Complaints Commissioner, which handles complaints against watchdogs, said on Tuesday that the...

  • LONDON, Jan 16- Britain's markets regulator has been told to apologise to a former Royal Bank of Scotland employee after it offered "unconvincing" arguments for why it revealed his identity to the bank in a whistleblower case in 2013.. The Financial Regulators Complaints Commissioner, which handles complaints against watchdogs, said on Tuesday that the...

  • LONDON/ MILAN, Jan 16- Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider's first big sale and a small step on its path towards healthier products. Nestle, the world's biggest packaged-food company, has cited the unit's weak position in the United States, where...

  • BRASILIA, Jan 16- The Brazilian central bank has called for all vice presidents of state lender Caixa Econômica Federal to step down following the investigation of alleged corruption at Caixa, a person with knowledge of the matter told Reuters on Tuesday. The prosecutor-general's office repeated those calls on Tuesday, threatening President Michel Temer...

  • Congress in late December approved a stop-gap measure to fund the government for an additional month after failing to resolve differences over military versus non-defense spending levels, immigration and other issues. Republicans need some Democratic votes in the Senate to pass a funding bills. Instead, Congress agreed to fund the military through Jan. 19,...

  • The university announced Monday that the Center for Research in Intelligent Storage and Processing in Memory will be established at the School of Engineering& Applied Science. The $27.5 million national center is part of a $200 million, five-year Joint University Microelectronics Program managed by a North Carolina- based consortium, Semiconductor...

  • BOSTON, Jan 16- Hedge fund manager David Einhorn told investors on Tuesday that he made a "large" bet on insurer Brighthouse Financial late last year, and had made money on General Motors but lost by shorting Amazon and Tesla. Einhorn's Greenlight Capital bought into Brighthouse, MetLife's former U.S. retail life-insurance business, at an average cost of $57.92,...