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Wires

  • TORONTO, Jan 22- Investors are betting Canada's smaller financial firms could see a jump in revenues after they helped fund marijuana companies ahead of the country's planned legalization of the drug this year. BMO Capital Markets' move last week to help Canopy Growth Corp, Canada's biggest cannabis producer, raise C $200.7 million was a sign that established...

  • Legislation to renew federal funding to the government cleared a procedural hurdle in the Senate and was expected soon to pass votes in the Senate and House of Representatives, allowing government to re-open through Feb 8. Senate Democratic leader Chuck Schumer said he had come to an arrangement with Senate Majority Leader Mitch McConnell to keep the...

  • Jan 22- American International Group Inc on Monday said it would buy reinsurer Validus Holdings Ltd for $5.56 billion in cash, ending a long period of retrenchment for AIG as new Chief Executive Brian Duperreault plots an expansionist path. Duperreault initiated the deal to buy Bermuda- based Validus, which comes four months after U.S. regulators said AIG was no...

  • Three ex-KPMG executives also were charged for encouraging disclosure of the data on Public Company Accounting Oversight Board audit inspections, the U.S. Securities and Exchange Commission and Justice Department said in separate filings. The company recruited and hired PCAOB staff, and the SEC said some of those hires took confidential information...

  • NEW YORK/ LONDON, Jan 22- Gold steadied on Monday as the dollar hovered near three-year lows, but bullishness in the wider financial markets as the U.S. government shutdown ended capped the metal's gains. The U.S. Senate voted to pass a temporary spending plan through Feb. 8 to end the government shutdown. Historically you dont really get much market reaction to this, "...

  • Jan 22- News Corp's Rupert Murdoch on Monday called on Facebook Inc to pay "trusted" news publishers a carriage fee, similar to the model used by cable companies. His remarks come days after Facebook Chief Executive Mark Zuckerberg said the social media company would prioritize "trustworthy" news in its feed by identifying high-quality outlets and fight...

  • "I am very excited about the way 2018 is shaping up," said Chief Executive Jeff Miller during the company's fourth-quarter earnings call. The company took a fourth-quarter charge of $385 million for its operations in Venezuela, which has been mired in political and economic turmoil. Other oilfield services firms have taken charges recently from receivables...

  • ISLAMABAD, Jan 22- Prime Minister Shahid Khaqan Abbasi said on Monday that some of General Electric's flagship new gas turbines in Pakistan were still suffering from technical issues such as "vibration" but he was confident the American company will fix the problems. The 9 HA-class gas turbines are GE power division's newest and most prestigious product but...

  • WASHINGTON, Jan 22- The U.S. Transportation Security Administration said on Monday it will require six Middle Eastern carriers to undergo enhanced cargo screening as part of an effort to raise global aviation security. The carriers and airports are: Egypt Air operating out of Cairo International Airport, Royal Jordanian operating out of Queen Alia...

  • Jan 22- Intel Corp has asked computer makers to stop rolling out a set of faulty patches it issued to fix security flaws in its chips and instead start testing an updated version. "We ask that our industry partners focus efforts on testing early versions of the updated solution so we can accelerate its release," Navin Shenoy, general manager of Intel's data center...

  • NEW YORK, Jan 22- U.S. crude retreated in volatile trade on Monday, weakening as the dollar pared losses and on concerns that a rally that had sent price to their highest since December 2014 had run out of steam. Brent crude futures for March delivery pared gains, trading up 14 cents at $68.75 a barrel, after earlier rallying to $69.51. Brent on Jan. 15 had hit $70.37, the...

  • LONDON, Jan 22- Business leaders have criticised Britain's government for its failure to publish a long-delayed paper on the future of its financial services industry after Brexit. Financial services, which account for about 12 percent of Britain's economic output, potentially have a lot to lose from the end of unfettered access to the EU market once Britain...

  • BISMARCK, N.D.— A Denver woman accused of shooting at law officers while being arrested for protesting the Dakota Access oil pipeline in North Dakota has pleaded guilty to two charges in a deal with prosecutors. It means Red Fawn Fallis won't stand trial, where she could have faced up to life in prison if convicted. Fallis was accused of firing a handgun three times...

  • *Toyota, Facebook, others announce new investments in France. PARIS, Jan 22- President Emmanuel Macron sought on Monday to show that his activity on the world stage and his pro-business reforms were bearing fruit with a highly-publicised summit of global CEOs in Versailles and a flurry of investments worth about $3 billion. Germany's SAP committed to spend more...

  • NEW YORK, Jan 22- U.S. stocks surged in Monday afternoon trading after senators in Washington reached a deal to reopen the federal government, ending a 2-1/ 2- day shutdown that world markets had largely taken in stride. U.S. stocks jumped to new session highs after reports that the Senate had struck an agreement to keep the government open until Feb. 8.

  • The grocer has struggled because of its modest size and limited store footprint, according to credit rating agency Moody's Investors Service Inc. The company's debt load totaled $723 million as of last April. The chain has more than 15,000 employees at its stores in New York, Pennsylvania, Vermont and Massachusetts. The grocer could owe as much as $184 million...

  • Jan 22- Three USA Gymnastics board members resigned on Monday in the wake of a sex abuse scandal involving its former team physician, the organization said in a statement.

  • WASHINGTON, Jan 22- U.S. senators voted to move forward on legislation that would reopen the federal government until Feb. 8, ending a three-day standoff between Democrats and President Donald Trump's Republicans over immigration and border security. Funding legislation cleared a procedural hurdle in the Senate and was expected to pass a full Senate vote...

  • *Senate to vote at noon on extending government funding. "We will vote today to reopen the government," Minority Leader Chuck Schumer told the Senate, potentially ending the three-day shutdown prompted by an impasse over immigration and border security. "If we get a vote and the shutdown ends, which is what it looks like, the market starts reacting ahead of that," said...

  • MUNICH/ PARIS, Jan 22- Germany's SAP has committed to spend more than 2 billion euros in France over five years, in one of the largest investments announced at a business summit hosted on Monday by President Emmanuel Macron. "There is a real sense of economic momentum in France," SAP Chief Executive Bill McDermott said in statement after meeting with Macron.