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Wires

  • Jan 17- Apple Inc will make about $38 billion in tax payments to bring funds kept overseas back to the United States under new federal tax laws, the company said on Wednesday.

  • CHICAGO, Jan 17- U.S. corn futures climbed more than 1 percent on Wednesday on short-covering and technical buying after recent contract lows and on expectations that a weaker U.S. dollar may revive slumping export demand. "This is textbook short covering from the funds at a time of year when they aren't really used to being very short corn," said Ted Seifried,...

  • Jan 17- Wall Street's main indexes were higher on Wednesday, led by technology and industrial stocks as well as a recovery in the financial sector. Bank stocks were trading lower for much of the session following underwhelming results from Goldman Sachs and Bank of America. So one has to wonder if a lot of that optimism has been baked in, "said Marcelle Daher, co-head...

  • WASHINGTON, Jan 17- Twitter may notify users whether they were exposed to content generated by a suspected Russian propaganda service, a company executive told U.S. lawmakers on Wednesday. The social media company is "working to identify and inform individually" its users who saw tweets during the 2016 U.S. presidential election produced by accounts tied to the...

  • FRANKFURT/ PARIS, Jan 17- Volkswagen hailed a record 10.7 million vehicle sales in 2017, a 4.3 percent rise, but the new total prompted the Renault-Nissan alliance to claim the crown as the world's leading automobile group on Wednesday. Last year's sales by VW, which was the world's biggest carmaker by sales in 2016 but is still dealing with the fallout from a...

  • LONDON— Sotheby's auction house says a fragment of the red, white and blue "Victory Jack" flag that flew from Adm. Horatio Nelson's flagship during the Battle of Trafalgar has sold for 297,000 pounds. The British naval hero was fatally shot aboard HMS Victory as he led the British fleet against France and Spain in the 1805 battle.

  • Brent futures rose 12 cents to $69.27 a barrel as of 12:31 p.m. EST, while U.S. Both contracts climbed to their highest levels since December 2014 this week with Brent reaching $70.37 on Monday and WTI up to $64.89 on Tuesday. Movements in oil prices have been muted in todays session as market participants look ahead to the upcoming oil inventory report from the...

  • LONDON, Jan 17- Sovereign investor deal-making fell 24 percent in 2017 to $72.5 billion as megadeals such as China Investment Corp's bumper $13.8 billion buy of warehouse firm Logicor, which led the pack, were thin on the ground. But the number of deals by sovereign investors, which include sovereign wealth funds and state pension funds, fell to 183 in 2017 from 198...

  • *Company cutting businesses from five to three. LONDON, Jan 17- Rolls-Royce is considering the sale of its loss-making commercial marine business in another shake-up by Chief Executive Warren East that will streamline its activities into civil aerospace, defense and power system units. They were trading up almost 6 percent at 902.6 pence at 1420 GMT, topping...

  • WASHINGTON, Jan 16- Twitter may notify users whether they were exposed to content generated by a suspected Russian propaganda service, a company executive told U.S. lawmakers on Wednesday. The social media company is "working to identify and inform individually" its users who saw tweets during the 2016 U.S. presidential election produced by accounts tied to the...

  • *Due to publish new strategy plan on Jan. 23. PARIS, Jan 17- Carrefour on Wednesday lowered its 2017 operating profit forecast for the second time in six months amid slowing full year sales, as its new boss prepares to unveil a revival plan for the world's second-largest retailer next week. Carrefour, which is Europe's largest retailer, said 2017 sales reached 88.24...

  • PHILADELPHIA— Philadelphia has filed a lawsuit against drug companies that make prescription opioids, saying they've created "an unprecedented public health crisis." It seeks to halt what the city calls "deceptive marketing practices" and force the drug makers to pay for treatment costs and reimburse the city for the money it has spent responding to the...

  • LONDON, Jan 17- Shares in British contractor Interserve dropped on Wednesday after a report the government was monitoring the company, exacerbating worries about the sector two days after the collapse of competitor Carillion. Carillion entered liquidation on Monday and many of Britain's outsourcers such as Capita, Mitie and Interserve have struggled...

  • Industrial production increases 0.9 percent in December. WASHINGTON, Jan 17- U.S. industrial production increased more than expected in December as unseasonably cold weather at the end of the month boosted demand for heating, but manufacturing output barely rose, pointing to moderate growth in the industrial sector. "This is consistent with the solid growth...

  • LONDON, Jan 17- Copper resumed its decline on. "That was a pretty rapid rise in December and we seemed to have traded ahead of the fundamentals, so there was always the risk of profit-taking, given the net speculative positioning was elevated," said Robin Bhar, head of metals research at Societe Generale in London. *POSITIONS: Futures brokerage Gelin Dahua has cut its...

  • LONDON, Jan 17- Copper resumed its decline on. "That was a pretty rapid rise in December and we seemed to have traded ahead of the fundamentals, so there was always the risk of profit-taking, given the net speculative positioning was elevated," said Robin Bhar, head of metals research at Societe Generale in London. *POSITIONS: Futures brokerage Gelin Dahua has cut its...

  • *FTSE 100 down 0.4 pct at close. LONDON, Jan 17- UK shares edged down on Wednesday as a flurry of corporate news triggered sharp moves, including for contractor Interserve after the Financial Times reported the British government was monitoring it following the collapse of competitor Carillion. Shares in luxury brand Burberry were the biggest fallers on the...

  • BERLIN— Researchers have completed the first survey of valuable materials they say are waiting to be mined from Europe's vast landfills and scrapyards. A group of 17 organizations on Wednesday launched an online database for' urban mining' detailing precious raw materials slumbering in discarded batteries, electronics and cars across the continent.

  • NEW YORK— Google says humans will now review video from its most popular YouTube creators after recent complaints. The videos being targeted are ones Google packages to advertisers as "preferred" content. YouTube was criticized for moving too slowly after one of its stars, Logan Paul, posted video of what appears to be a suicide victim.

  • COLUMBUS, Ohio— As one of the nation's largest online charter schools faces the possibility that it could abruptly close after this week, students like Isabella Aquino who have found a haven in the Ohio e-school face uncertainty about how they would continue their education. ECOT has warned for months that it's running out of money because of state efforts to...