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Wires

  • WASHINGTON, Oct 18- The U.S. Securities and Exchange Commission said on Wednesday it had named JPMorgan Chase executive Brett Redfearn as director of the agency's trading and markets division. The job is one of the last major positions new SEC Chairman Jay Clayton still had to fill. During his career, Redfearn has served on the boards of Bats Global Markets and the...

  • TORONTO, Oct 18- Canada's benchmark stock index reversed earlier gains on Wednesday as weaker energy and materials stocks offset a rally in Canadian Pacific Railway shares following better-than-expected quarterly earnings. Stormy weather that caused power outages in parts of Alberta and Saskatchewan also disrupted two crude oil pipelines in Western...

  • CALGARY, Alberta, Oct 18- Kinder Morgan Canada Ltd's $7.4 billion Trans Mountain pipeline expansion has seen a delay in construction preparation and its December 2019 operational date could be pushed back, the company said on Wednesday. The proposed expansion of the Trans Mountain pipeline from Canada's oil-rich Alberta province to the west coast would...

  • SAO PAULO, Oct 18- Brazilian meatpacker JBS SA shut down seven slaughterhouses in Mato Grosso do Sul after a court-ordered asset freeze affected its operations in Brazil's second largest cattle-producing state, a press representative said on Wednesday. According to JBS financial statements, the case revolves around tax benefits given to the company by the...

  • NEW YORK— Kenneth Chenault, one of the most prominent black businessmen and long-time chairman and CEO of American Express, is retiring next year. While American Express did not hold any mortgages, its direct exposure to the U.S. consumer put significant pressure on its business model. The announcement comes at the same time as American Express announced its...

  • NEW YORK, Oct 18- The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth. "Retail investors continue to pour into the marketplace, and with each headline about a new record, and especially round numbers like that, people tend to feel like they're missing out and you kind...

  • A look at the AP Municipal Bond Index for Wednesday, Oct. 18:. BIGGEST MOVER: 24- year bonds. It was 3 basis points on Oct. 11.

  • *2017 output for Indonesia, Malaysia revised downward. Mistry said palm oil prices would rise due to tight inventory levels as production recovery in Malaysia and Indonesia was weaker than expected. Indonesia and Malaysia produce nearly 90 percent of global palm oil.

  • WASHINGTON, Oct 18- Novo Nordisk A/S's new diabetes drug semaglutide is effective, reasonably safe and should be approved, an advisory panel to the U.S. Food and Drug Administration concluded on Wednesday. The FDA typically follows the recommendations of its advisors. Analysts on average expect annual semaglutide sales to reach $3.17 billion by 2023, with...

  • Speaking on Wednesday, less than a month before President Donald Trump is due to make his first visit to China, Tillerson said the United States had begun discussions on creating alternatives to Chinese infrastructure financing in Asia. In another comment likely to upset Beijing, he said Washington saw room to invite others, including Australia, to join U.S.-...

  • WASHINGTON, Oct 18- A bipartisan deal from two senators to stabilize Obamacare by restoring subsidies to health insurers suffered major setbacks on Wednesday with the White House saying President Donald Trump now opposes it and senior Republicans speaking out against it. House of Representatives Speaker Paul Ryan, Senate Finance Committee Chairman Orrin...

  • Oct 18- United Airlines on Wednesday said its third-quarter net income fell slightly less than investors had feared as the third-largest U.S. carrier was hit by $185 million in pretax losses caused by canceled flights during the Atlantic hurricane season. It reported net income of $637 million, down 34 percent from $965 million in the year-ago quarter.

  • NEW YORK _ SL Green Realty Corp. on Wednesday reported a key measure of profitability in its third quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of $1.57 per share. Five analysts surveyed by Zacks expected $279.5 million.

  • DES MOINES, Iowa— Iowa's Republican governor says President Donald Trump and the head of the Environmental Protection Agency told her they're committed to a federal program mandating that biofuels such as corn-based ethanol be blended into gasoline and diesel. The issue emerged after the EPA proposed a plan that could lower production targets for biofuels...

  • BOSTON, Oct 18- A U.S. judge on Wednesday said he may reject a plea agreement that was part of Aegerion Pharmaceuticals Inc's recent $36 million settlement with the U.S. Justice Department, saying he was not happy with its sentencing terms. The judge's comments marked an unexpected complication for Aegerion to finalize a settlement with the Justice Department...

  • NEWARK, Del. _ SLM Corp. on Wednesday reported third-quarter profit of $76.4 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 17 cents per share. Three analysts surveyed by Zacks expected $283 million.

  • TUPELO, Miss. _ BancorpSouth Inc. on Wednesday reported third-quarter profit of $39.5 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Four analysts surveyed by Zacks expected $191.2 million.

  • EBay forecast fourth-quarter adjusted profit of between 57 cents to 59 cents per share. Analysts on average were expecting a profit of 59 cents per share, according to Thomson Reuters I/B/E/S. EBay's net income rose to $523 million, or 48 cents per share, in the third quarter ended Sept. 30, from $413 million, or 36 cents per share, a year earlier.

  • ROSEMONT, Ill. _ Wintrust Financial Corp. on Wednesday reported third-quarter profit of $65.6 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share. Six analysts surveyed by Zacks expected $296.5 million.

  • *Kirkuk- Ceyhan pipeline oil flow falls to 225,000 bpd- source. *Iraq crisis, U.S.- Iran tensions raise supply concerns. Brent crude futures settled up 27 cents to $58.15 a barrel, off the three-week high of $58.54 a barrel hit earlier on worries about ongoing tensions around oil-rich Iraq and Iran.