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Wires

  • WASHINGTON, Oct 20- President Donald Trump said on Friday he was considering tapping both current Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor to serve in top posts at the U.S. central bank.

  • More than a half-million windup toys are being recalled this week because a piece poses a choking hazard to young children. Other recalled consumer products this week include off-highway vehicles and wood-chippers. They were sold at Carter's, Target, Walmart and other stores nationwide and online from January 2016 through August 2017.

  • Oct 20- Amazon.com Inc's Whole Foods Market said on Friday it had replaced affected point-of-sale systems at venues located within some stores where payment card information had been stolen. The upscale grocer last month disclosed card information had been stolen from taprooms, restaurants and other venues located within some of its stores.

  • Oct 20- Amazon.com Inc's Whole Foods Market said on Friday it had replaced affected point-of-sale systems at venues located within some stores where payment card information had been stolen. The upscale grocer last month disclosed card information had been stolen from taprooms, restaurants and other venues located within some of its stores.

  • Oct 20- Eight former commissioners of the U.S. Federal Energy Regulatory Commission sent a letter to the agency opposing Energy Secretary Rick Perry's proposal to subsidize coal and nuclear power plants because they are not economic in the current low price market. "Our common goal has been to encourage competition in the electricity sector in order to...

  • WASHINGTON, Oct 20- President Donald Trump's tax reform plans won partial support on Friday when Republican U.S. Trump's drive to overhaul the U.S. tax code cleared a critical hurdle on Thursday when the Senate approved a budget measure that will allow Republicans to pursue a tax-cut package without Democratic support. But Republicans, who control both the...

  • The outlook drove shares in both companies lower, with Schlumberger NV hitting a 21- month low and Baker Hughes touching a 16- month low before retracing some losses. A current lack of production investments outside North America should benefit producers as inventories fall, Kibsgaard said. Schlumberger was last down 3.3 percent at $62.33 and Baker Hughes...

  • WASHINGTON— Congress is a step closer to opening Alaska's Arctic National Wildlife Refuge to oil and gas drilling. A budget measure approved by the Republican-controlled Senate allows Congress to pursue legislation allowing oil and gas exploration in the remote refuge on a majority vote. Lisa Murkowski and Dan Sullivan of Alaska said Congress can create...

  • MILAN, Oct 20- The board of Telecom Italia has approved the creation of a joint venture with French media group Vivendi's pay-TV unit Canal+, strengthening the link between the Italian phone group and its biggest shareholder. "The joint venture with Canal+ will in fact allow us to seize new opportunities for growth in a market undergoing continuous evolution...

  • REDDING, Calif. _ Bank of Commerce Holdings on Friday reported third-quarter profit of $2.9 million. The Redding, California- based bank said it had earnings of 18 cents per share. Bank of Commerce shares have increased 19 percent since the beginning of the year.

  • SAN FRANCISCO, Oct 20- After raging over the southern United States and Puerto Rico, remnants of hurricanes Harvey, Irma and Maria are now dampening U.S. corporate profits. Over half of S&P 500 companies reporting third-quarter results in recent weeks, including Harley-Davidson, Delta Airlines and Costco, have said on conference calls with investors that the...

  • The sobering deficit numbers, released Friday by the Treasury Department and the White House budget office, followed Senate passage Thursday night of a 10- year budget plan that shelves GOP concerns on deficits and debt in favor of a tax overhaul. President Donald Trump and his GOP allies on Capitol Hill promise this year's tax legislation will spark a burst of...

  • SAO PAULO, Oct 20- Several groups of Oi SA creditors have requested the postponement of a meeting scheduled for Monday to discuss the Brazilian phone carrier's bankruptcy protection process, a representative for a key bondholder group said on Friday. Oi Chief Executive Officer Marco Schroeder told journalists in Brasilia the carrier is "totally prepared" for...

  • WASHINGTON, Oct 20- The U.S. budget deficit widened to $666 billion for the fiscal year 2017 as record spending more than offset record receipts, the Treasury Department said on Friday. The latest fiscal year, which ended Sept. 30, straddled the presidencies of Barack Obama, a Democrat, and Donald Trump, a Republican. Accounting for calendar adjustments, the 2017...

  • WILLIAMSPORT, Pa. _ Penns Woods Bancorp Inc. on Friday reported third-quarter net income of $3.3 million. The bank, based in Williamsport, Pennsylvania, said it had earnings of 70 cents per share. The holding company for Jersey Shore State Bank and Luzerne Bank posted revenue of $15.7 million in the period.

  • MONTREAL, Oct 20- Airbus SE expects to sell "thousands" of Bombardier Inc's new CSeries aircraft, capturing half the global market for smaller single-aisle commercial jets, Chief Executive Tom Enders said on Friday. Speaking at a business event in Montreal, he also said the lightweight, carbon-composite jets, which seat 110- to-130 people, would create new jobs in...

  • "There are initial reports of some oil in the water," the Coast Guard said in a statement. The Coast Guard has established a safety zone and the fire was still burning, officials said. A unified command consisting of the Coast Guard, Texas General Land Office and a representative from Bouchard Transportation, which owns the barge, has been set up to manage the incident,...

  • CHICAGO, Oct 20- U.S. corn and soybean futures fell to their lowest levels in a week on Friday, pressured by active harvest progress in the heart of the Midwest crop belt, analysts said. As of 12:23 p.m. CDT, Chicago Board of Trade December corn was down 4 cents at $3.45 per bushel, its weakest since the Oct. 12 contract low of $3.42-1/ 2. CBOT November soybeans were down 5...

  • HONOLULU— A boat that ran aground off Honolulu while transporting foreign fishermen to work in Hawaii's commercial fishing industry has raised new questions about the safety and working conditions for foreign laborers in this unique U.S. fleet. A long, cramped journey to the United States for a group of fishermen from Vietnam, Indonesia, Philippines and...

  • Trump's fellow Republicans who control Congress will need at least some Democratic support to pass critical legislation in the coming months to avert a government shutdown and prevent an unprecedented U.S. debt default. "I've been here with every president since Jerry Ford," said Democratic Senator Patrick Leahy, who was first elected to the U.S. Senate in 1974...