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Wires

  • The dollar touched a low of 110.06 yen at one point, its lowest level since Sept. 15, and was last trading at 110.16 yen, down 0.1 percent from late U.S. trade on Tuesday.

  • WASHINGTON, Jan 23- The acting chairman of the Federal Trade Commission, Maureen Ohlhausen, has been put on a list of people that President Donald Trump intends to nominate to a judgeship, the White House said on Tuesday. "We expect the Senate to have his official nomination very soon and to confirm him swiftly," Deputy Press Secretary Lindsay Walters said in a...

  • WASHINGTON, Jan 23- The U.S. Senate on Tuesday confirmed Federal Reserve Governor Jerome Powell as the next head of the central bank, succeeding Janet Yellen, a move likely to provide continuity in U.S. monetary policy with the economy growing now for nine years straight. The Republican-controlled Senate voted 84-13 to approve the 64- year-old lawyer to a...

  • Top Economic Events Polling Unit Diary Today in Washington Political and General News. 24- Jan United States Sale of 2- year floating rate notes 24- Jan United States Sale of 5- year notes 24- Jan Sweden Auction of government bonds 25- Jan United States Sale of 7- year notes 25- Jan Japan 3- month discount bill auction 25- Jan Japan Auction of 20- year government...

  • FRANKFURT- ECB Supervisory Chief Daniele Nouy attends the European Banking Federation Boardroom Dialogue 0815 GMT. FRANKFURT- ECB Governing Council meeting, followed by an interest rate announcement and a press conference by President Mario Draghi. FRIDAY, JANUARY 26 DAVOS, Switzerland- Mark Carney of the Bank of England joins Christine Lagarde of the IMF...

  • The SEC accused Rio Tinto of ignoring the need to write down most of the value of Mozambique coal assets it had bought for $3.7 billion in April 2011, while it was raising roughly $5.5 billion from U.S. investors. "This is not simply a case about Rio Tinto's valuation of Rio Tinto Coal Mozambique," the SEC said in one of Tuesday's letters. "Rio Tinto, Albanese, and Elliott...

  • TOKYO, Jan 24- Japan's exports rose 9.3 percent in December from a year earlier, Ministry of Finance data showed on Wednesday, underscoring a steady growth in external demand. The rise compares with a 10.1 percent increase expected by economists in a Reuters poll. The trade balance came to a surplus of 359.0 billion yen, versus the median estimate for a 530.0...

  • The deal announced in U.S. Bankruptcy Court in Delaware resolves weeks of fighting among creditors, the SEC and investors for control of the company. Woodbridge filed for bankruptcy in December and days later was sued by the SEC for allegedly running a $1.2 billion fraud by selling unregistered securities to raise funds to repay earlier investors.

  • NEW YORK, Jan 23- United Continental Holdings Inc shares fell more than 6 percent in after-hours trading on Tuesday as the airline said it plans to increase capacity, likely threatening its profit margin as it is locked in a price war with low-cost carriers. The No. 3 U.S. carrier by passenger traffic earlier reported fourth-quarter net profit of $580 million, or...

  • Jan 23- Texas Instruments Inc on Tuesday posted the slowest revenue growth in four quarters, disappointing investors who were expecting demand for the company's automotive chips to drive strong results. Shares of the Dallas- based company fell 6.6 percent in after-hours trading on Tuesday after TI's earnings also failed to exceed Wall Street expectations...

  • BOSTON, Jan 23- Employees at a Florida fast-food restaurant participated in a scam that involved impersonating U.S. Securities and Exchange Commission employees to trick investors into paying them $1.3 million, federal prosecutors alleged on Tuesday. Leonel Alexis Valerio Santana, 28, and Frank Gregory Cedeno, 27, were accused in a criminal complaint filed...

  • WASHINGTON, Jan 23- The U.S. National Transportation Safety Board said on Tuesday it was sending two investigators to examine the crash of a Tesla Inc vehicle apparently traveling in semi-autonomous mode and a fire truck in California. The Culver City, California fire department said in a Twitter post that on Monday an engine was struck by a Tesla "traveling at 65...

  • NEW YORK, Jan 23- JPMorgan Chase& Co sees brick-and-mortar banking as essential to expanding into more than a dozen markets over five years, even though customers do 80 percent of their transactions online or at ATMs, a bank executive said on Tuesday. The building is part of an investment plan that includes $15 billion of new lending and nearly $5 billion in...

  • President Donald Trump will meet with Israeli Prime Minister Benjamin Netanyahu, British Prime Minister Theresa May, and other world leaders when he attends the World Economic Forum in Davos, Switzerland, this week, White House officials said on Tuesday. Trump is due to take an overnight flight on Wednesday night to snowbound Davos, where he will encourage...

  • NEW YORK, Jan 23- United Continental Holdings Inc shares fell more than 6 percent in after-hours trading on Tuesday as the airline said it plans to increase capacity even as it is locked in a price war with low-cost carriers, likely threatening its profit margin. The No. 3 U.S. carrier by passenger traffic earlier reported fourth-quarter net profit of $580 million,...

  • LOS ANGELES, Jan 23- Electric vehicle maker and solar installer Tesla Inc. said on Tuesday that it does not expect President Donald Trump's solar tariff to have much impact on its high-tech solar manufacturing ambitions, thanks to a clause exempting a vast amount of solar panel components from the levies. Only 500 MW worth of solar cells were imported into the...

  • HARTFORD, Conn. _ United Financial Bancorp Inc. on Tuesday reported fourth-quarter net income of $9.5 million. The Hartford, Connecticut- based bank said it had earnings of 19 cents per share. The holding company for United Bank posted revenue of $69.1 million in the period.

  • The International Trade Commission, which oversees U.S. trade remedy laws, is to decide on Thursday whether to back a U.S. Commerce Department recommendation to hit Bombardier's 110- to-130-seat CSeries with a duty of nearly 300 percent on sales to American carriers. The case follows a petition by Boeing Co, the world's largest maker of jetliners, which argued...

  • RIO DE JANEIRO, Jan 23- Anglo American PLC said on Tuesday it expects to receive long-awaited licenses on Friday which will pave the way for the mining company to boost its Brazilian iron ore production capacity by about 56 percent. Anglo American bought the project from businessman Eike Batista between 2007 and 2008 for nearly $5.5 billion, then the biggest...

  • NEW YORK/ SAN FRANCISCO, Jan 23- Facebook Inc is buying a software firm that specializes in authenticating government-issued identification cards, the two companies said on Tuesday, a step that may help the social media company learn more about the people who buy ads on its network. Boston- based Confirm Inc, which is privately held, said on its website that the...