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Wires

  • Bob Corker says he's reached a tentative agreement with other Republicans on the Senate Budget Committee on how much its tax plan would add to the government's debt. Traditional Capitol Hill scorekeepers are likely to say the GOP plan would add more than $1 trillion over a decade to the $20 trillion- plus debt. A Republican on the Senate Budget Committee says...

  • Sept 19- Department store operator Kohl's Corp said it would accept returns of select items bought from Amazon.com Inc at some of its stores in Los Angeles and Chicago, expanding its partnership with the ecommerce giant. The move follows Kohl's announcement earlier this month that it would sell Amazon's devices, including the voice-controlled speaker Echo,...

  • MOSCOW, Sept 19- Russian industrial conglomerate Sistema said on Tuesday it has appealed against a court ruling that it should pay damages to oil giant Rosneft, stressing that it viewed the move as necessary in its pursuit of an out-of-court settlement. A court in the Russian region of Bashkortostan ruled last month that Sistema should pay Rosneft 136.3...

  • *Fed seen announcing plans to unwind debt portfolio. Sept 19- U.S. stocks edged up in early afternoon trading on Tuesday, helped largely by gains in telecom stocks, but traded in a narrow range as investors stayed away from making major bets ahead of the Federal Reserve's policy meeting. While an interest rate increase is not expected, investors will closely watch...

  • This month, hurricanes Irma and Maria have forced Caribbean oil terminals and refineries to shut or slow operations, locking down millions of barrels stored. The scramble for shipments has led some shippers to divert tankers away from Venezuela to feed Latin American and Caribbean countries desperate for fuel. Eustatius, Puerto Rico and parts of the Bahamas,...

  • WASHINGTON, Sept 19- Fiat Chrysler Automobiles NV said Tuesday it will recall 494,000 medium and heavy-duty Ram pickup trucks worldwide because of a water pump that could overheat and potentially cause a fire. The recall includes 2013-2017 model year Ram 2500 and 3500 pickup trucks with 6.7- liter diesel engines, including 443,000 vehicles in the United...

  • MILAN, Sept 19- Italy's largest coffee group Lavazza could open up to 15 stores around the world as it takes on Starbucks, but has no plans to go head-to-head in the U.S. chain's hometown of Seattle. The Lavazza coffee shop near Milan's famous La Scala opera house, offers not only Italy's trademark espresso, but also siphon brewed and other types of coffee which are...

  • DALLAS— Prosecutors say CitiFinancial Credit Co. will pay $907,000 to settle a complaint that it violated federal law by repossessing the vehicles of active military personnel. The settlement approved Monday by a federal court in Dallas reveals that CitiFinancial pursued repossessions even when it had evidence in its records showing service members...

  • **See improved odds of passage for Graham-Cassidy bill in Senate and the House, with greater earnings downside in the near term than previous House and Senate bills- Leerink analyst Ana Gupte writes in a note. **Funding would be reduced and redistributed while long-term Medicaid funding would be capped we believe this would generally reduce near-term earnings...

  • FIAT CHRYSLER RECALLING 494,000 2013-2017 MODEL YEAR RAM PICKUP TRUCKS THAT COULD OVERHEAT, POSE FIRE RISK-- STATEMENT.

  • WASHINGTON, Sept 19- U.S. venture capitalists filed suit against the Trump administration on Tuesday, claiming it illegally delayed a policy that would have allowed foreign entrepreneurs to stay in the United States to build their companies. The lawsuit, filed in Washington, D.C. District Court by the National Venture Capital Association, argues that the Trump...

  • Sept 19- Best Buy Co Inc, the No.1 U.S. consumer electronics retailer, on Tuesday forecast 2021 adjusted earnings largely below Wall Street estimates, sending its shares down nearly 9 percent. The company said it expected adjusted earnings of $4.75 to $5.00 per share for the fiscal year ending January 2021. The company's shares were down 8.5 percent at $52.45 in...

  • The Kaiser Family Foundation said Tuesday that 50 percent of companies with three to 49 employees offered coverage this year. "There's just not as much money around for compensation, including benefits," said Gary Claxton, a Kaiser vice president and lead author of the nonprofit health policy organization's annual health benefits study.

  • *Nigeria, Libya to attend OPEC, non- OPEC meeting on Friday-source. The market, however, remained buoyant ahead of Friday's meeting between the Organization of the Petroleum Exporting Countries with non- OPEC producers to discuss progress of their 1.8- million barrel per day supply cut deal. Nigeria and Libya will send representatives to the meeting despite...

  • Sept 19- Best Buy Co Inc, No.1 U.S. consumer electronics retailer, on Tuesday forecast 2021 adjusted earnings largely below Wall Street estimates, sending its shares down 7.2 percent. The company said it expected adjusted earnings of $4.75 to $5.00 per share. Analysts on average were expecting $4.97 per share, according to Thomson Reuters I/B/E/S.

  • MOSCOW, Sept 19- Severstal, one of Russia's largest steelmakers, told Reuters it expects to exceed its 2017 earnings target as it benefits from rising prices for its products. Russian steelmakers such as Severstal and market leader NLMK struggled over the last two years as world steel prices plumbed 11- year lows and Russia's economic crisis sapped domestic...

  • BRUSSELS, Sept 19- Twitter Inc said that its internal controls were allowing it to weed out accounts being used for the "promotion of terrorism" earlier rather than responding to government requests to close them down. Britain's interior minister, Amber Rudd, used a visit to Silicon Valley last month to ask Facebook, Microsoft, Twitter, and YouTube to step up...

  • *Pan-European STOXX 600 index ends little changed. MILAN, Sept 19- Dealmaking talk lifted European telecom stocks on Tuesday, helping the unloved sector stand out in an otherwise quiet session, where investors were waiting for the outcome of a Federal Reserve meeting. The pan-European STOXX 600 index ended flat as traders awaited clues from the Fed about plans...

  • *Broker Sasfin cites "well-publicised concerns". JOHANNESBURG, Sept 19- A South African broker and an energy investment firm fired KPMG on Tuesday, two of a number of local firms weighing whether to ditch the auditor to distance themselves from a scandal involving business friends of President Jacob Zuma. Sasfin and Hulisani, both relatively small financial...

  • *British economy growing half its usual rate. LONDON, Sept 19- The Bank of England has chosen an unusual time to announce that British interest rates are likely to rise for the first time in more than 10 years. On top of that, Britain is leaving the European Union in 18 months' time and the ruling Conservative Party is still split over whether to compromise with...