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  • NEW YORK, Jan 16- Wall Street's major indexes hit one-month highs on Wednesday as upbeat earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment.

  • Palladium jumped to an all-time high of $1,358.50 an ounce, and was last up 3 percent at $1,358. George Gero, managing director at RBC Wealth Management, noted high demand from "the automobile industry using more and more of palladium" and lower supply were pushing prices higher. Spot gold rose 0.3 percent to $1,292.51 per ounce at 3:42 pm EST.

  • *UK PM May wins confidence vote, Brexit remains unclear. NEW YORK, Jan 16- U.S. Treasury yields rose on Wednesday as stronger-than-forecast results from two major U.S. banks lifted Wall Street to one-month highs and British Prime Minister Theresa May's win of a confidence vote, reducing safety bids for U.S. government debt.

  • LONDON, Jan 16- Prime Minister Theresa May won a confidence vote in the British parliament on Wednesday before inviting other party leaders for immediate talks to try to break the impasse on a Brexit divorce agreement. Lawmakers voted 325 to 306 that they had confidence in May's government, just 24 hours after handing her European Union withdrawal deal a...

  • WASHINGTON, Jan 16- Many taxpayers who had too little federal income tax withheld from their 2018 pay, or who underpaid estimated tax payments for the year, will not have to pay a penalty, the U.S. Internal Revenue Service said on Wednesday. In a concession that had been widely awaited after sweeping tax law changes enacted in late 2017, the tax agency said:.

  • Kia said the new recall covers 68,000 various Kia Optima, Sorento and Sportage vehicles from the 2011 through 2014 model years, while Hyundai said it affects 100,000 2011-2014 Hyundai Sonata and 2013-2014 Hyundai Santa Fe Sport vehicles. Hyundai said it was not aware that any fires were caused by the latest recall issue, while Kia did not say if it knew of any...

  • WASHINGTON, Jan 16- Federal prosecutors are investigating Huawei Technologies, the world's largest telecommunications equipment maker, for allegedly stealing trade secrets from U.S. businesses and could soon issue an indictment, the Wall Street Journal reported on Wednesday. Reuters could not immediately confirm the report. The Justice Department and...

  • BRASILIA, Jan 16- Brazilian supermodel Gisele Bundchen on Wednesday rejected critiques by the country's farm minister that questioned her knowledge about Brazil's conservation efforts. Agriculture Minister Tereza Cristina Dias on Monday said that Bundchen should not be saying bad things about Brazil, for example by calling the country a deforester,...

  • GENEVA, Jan 16- Taiwan objects to Britain's proposed rules for managing its trade in services after it leaves the European Union and has requested negotiations at the World Trade Organization, according to a document seen by Reuters on Wednesday. Britain voted in a referendum in 2016 to leave the EU, which has spoken for Britain on trade matters ever since the WTO...

  • *Surging U.S. supply may undermine OPEC efforts. NEW YORK, Jan 16- Oil prices edged higher on Wednesday, buoyed by a U.S. equity market rally and a supply cut agreement by OPEC+, but gains were limited by data showing growing U.S. refined product inventories and record crude production. Futures drew support from a supply cut agreement from the Organization of the...

  • The lawsuit, filed in New York state court in Manhattan late on Tuesday, comes six months after Rad and other co-founders, executives and early employees of Tinder sued IAC, accusing it of undervaluing Tinder to avoid paying them billions of dollars. Orin Snyder, a lawyer for Rad, who lives in Los Angeles, said in a statement that the lawsuit was "ridiculous" because...

  • GENEVA, Jan 16- Taiwan objects to Britain's proposed rules for managing its trade in services after it leaves the European Union and has requested negotiations at the World Trade Organization, according to a document seen by Reuters on Wednesday.

  • OSLO, Jan 16- Norway's minority center-right government has struck a deal with the small Christian Democratic Party to form a four-party majority coalition government after weeks of negotiations, broadcaster TV2 reported on Wednesday, citing unnamed sources. Subject to approval by leadership committees of each of the four parties, the new government's...

  • TAIWAN RAISES OBJECTIONS AT WORLD TRADE ORGANIZATION TO BRITAIN'S PROPOSED RULES FOR TRADE IN SERVICES AFTER BREXIT- DOCUMENT SEEN.

  • *Bank of America, Goldman Sachs rise after results. *Financials gain the most among S&P 500 sectors. NEW YORK, Jan 16- Wall Street's major indexes hit one-month highs on Wednesday as upbeat earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment.

  • LONDON, Jan 16- The pound held on to the day's gains on Wednesday, trading just off two-month highs against the euro as British Prime Minister Theresa May saw off a no-confidence vote, a day after lawmakers defeated her Brexit divorce deal. The scale of Tuesday's rout is seen opening the doors to a variety of other Brexit options, including a delay to the March 29...

  • Despite divisions in Congress, lawmakers from both parties have criticized the tech giants and others over data breaches, a lack of online privacy options and concern about political bias. Congress has been expected to pass some sort of online privacy bill to pre-empt a stringent law passed by California. Rubio's bill, which would pre-empt the California law,...

  • LONDON, Jan 16- Prime Minister Theresa May won a confidence vote in the British parliament on Wednesday before proposing immediate talks with other party leaders in an attempt to break the deadlock on a Brexit divorce agreement. Lawmakers voted 325 to 306 that they had confidence in May's government, just 24 hours after handing her Brexit deal a crushing defeat...

  • President Donald Trump's new pick to run the Environmental Protection Agency told lawmakers on Wednesday he does not believe climate change is a major crisis, and would continue to undo Obama-era emission limits if confirmed. A Washington insider with years of experience, he has been running the EPA since July when his predecessor Scott Pruitt resigned in a...

  • Jan 16- SQN Investors LP said on Wednesday Yelp Inc's shares could surge to between $55 and $65, up to 80 percent above its current price, if the customer review company appoints new board members and considers selling itself. The refreshed board will evaluate options such as possible sale of the company as an immediate private equity-led buyout could fetch $47...