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  • Dec 13- Warehouse club operator Costco Wholesale Corp on Thursday reported quarterly revenue below Wall Street estimates, as it cut prices and invested more in its online business to compete with Amazon and Walmart. Total revenue rose 10.2 percent to $35.07 billion, missing estimates of $34.80 billion, according to IBES data from Refinitiv.

  • Dec 13- Adobe Systems Inc on Thursday reported a 22.8 percent rise in quarterly revenue, helped by higher subscriptions for its flagship Creative Cloud suite of software that includes Photoshop. The San Jose, California- based company's net income rose to $678.2 million, or $1.37 per share, in the fourth quarter ended Nov. 30, from $501.5 million, or $1 per share, a...

  • The U.S. Department of Agriculture announced private sales of 1.13 million tonnes of U.S. soybeans to China, a figure that farmers and grain traders said was not large enough on its own to lift slumping prices or absorb a huge surplus that has accumulated across the farm belt. President Donald Trump told Reuters in an exclusive interview that China was buying a "...

  • NEW YORK, Dec 13- The S&P 500 ended little changed after a volatile session on Thursday, as investors favored defensive sectors while the biggest drag came from financials and consumer discretionary stocks.

  • MOJAVE, Calif., Dec 13- A Virgin Galactic rocket plane reached space on Thursday and returned safely to the California desert, capping years of testing to become the first U.S. commercial human flight to breach Earth's atmosphere since America's shuttle program ended in 2011.. The successful test flight presages a new era of civilian space travel that could kick...

  • WASHINGTON, Dec 13- President Donald Trump on Thursday said General Motors Co's decision to shift much of its focus to electric vehicles will not succeed, and he asserted a new trade deal will make it harder for the company to move work to other countries. The largest U.S. automaker has come under enormous criticism in Washington after it announced on Nov. 26 plans...

  • SAO PAULO, Dec 13- Brazil's fourth-largest airline, Avianca Brasil, has been in talks for a much-needed cash injection since before it filed for bankruptcy on Monday, German Efromovich, whose family controls the carrier, told Reuters. Efromovich, the controlling shareholder of better-known airline Avianca Holdings SA said in a phone interview on Thursday that...

  • Dec 13- Starbucks Corp said on Thursday it is partnering with UberEats to deliver food and coffee from nearly a quarter of its restaurants in the U.S. and will nearly double its outlets in China over the next four years. The company said last month it was partnering with UberEats to deliver coffee and food in Tokyo, as part of its plan to boost sales in Japan, one of its...

  • CRUDE UP BY MORE THAN $2 IN POST-SETTLEMENT TRADE TO $53.17 A BARREL.

  • *Supply deficit by Q2 if OPEC and others stick to cuts- IEA. *OPEC cuts forecast for demand for its oil in 2019. *OPEC says has offset drop in sanctions-hit Iran exports.

  • SAO PAULO, Dec 13- Brazil's fourth-largest airline, Avianca Brasil, has been in talks for a much-needed cash injection since before it filed for bankruptcy on Monday, German Efromovich, whose family controls the carrier, told Reuters. It will be backed by shares in Colombia- based Avianca Holdings. He said he was in favor of a decree signed by outgoing Brazilian...

  • *Cherie Blair leads board pushback- sources. PARIS, Dec 13- The French government is seeking candidates to replace Renault's embattled boss Carlos Ghosn, sources told Reuters, as board members began to voice doubts about keeping him in office following his indictment in Japan for suspected misconduct. During the five-hour session, however, several directors...

  • SEVERAL RENAULT DIRECTORS VOICED CONCERN OVER KEEPING INDICTED CEO IN JOB- SOURCES.

  • FRANCE VETTING CANDIDATES TO REPLACE EMBATTLED RENAULT CEO GHOSN- SOURCES.

  • *Traders eye UK PM May's Brussels trip after no-confidence vote. NEW YORK, Dec 13- The euro held steady against the dollar on Thursday after the European Central Bank, as expected, halted new bond purchases and promised to maintain policy support for the euro zone due to risks from trade tensions, Brexit and budget woes in Italy and France. The dollar was firm against...

  • NEW YORK, Dec 13- A gauge of world equities gave up early gains and turned negative on Thursday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank's policy announcement. In the United States, each of the major indexes were trading in negative territory as cautious trade optimism faded along with initial...

  • BRUSSELS, Dec 13- Britain's weakened prime minister, Theresa May, appealed to fellow EU leaders on Thursday for concessions to help her win support in parliament next month for a deal that can smooth Britain's exit from the European Union. Arriving at a Brussels summit a day after a failed attempt to topple her at home, May said she was not expecting an immediate...

  • SANTIAGO, Dec 13- Europe's biggest utility Enel and Chinese electric vehicle giant BYD on Thursday marked the arrival of 100 electric buses in Chile and said they would work together on similar plans for three other Latin American nations. Enel provided the financing for Chile to acquire the buses from BYD for the capital Santiago, as well as the charging...

  • Agriculture Secretary Sonny Perdue said on Thursday he expects the White House to approve a second tranche of aid payments to farmers hurt by ongoing trade disputes, despite new Chinese purchases of soybeans. Perdue told reporters he expected to meet with the White House Office of Management and Budget on the issue on Friday. He added that he hoped China would...

  • PERDUE SAYS WILL MEET WITH WHITE HOUSE OFFICE OF MANAGEMENT AND BUDGET FRIDAY ABOUT SECOND TRANCHE OF FARM AID.