By a 3-0 vote, the 9th U.S. Circuit Court of Appeals in San Francisco said the government fell short of the "high bar" needed to dismiss the Oregon case, originally brought in 2015 against the administration of President Barack Obama. A trial is scheduled for Oct. 29 in the federal court in Eugene, Oregon. Representatives of the U.S. Department of Justice did not...
U.S. stocks inched lower Friday as bond yields jumped, a shift that helped banks but hurt companies that pay big dividends. The dollar fell after President Donald Trump said China is manipulating its currency. The Russell 2000 index of smaller-company stocks slumped 4.50 points, or 0.3 percent, to 1,696.81.
*Trump threatens tariff on all $500 bln worth of Chinese goods. NEW YORK, July 20- U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump's latest tariff threats against China offset a string of robust earnings led by Microsoft.
SAO PAULO, July 20- U.S. Treasury Secretary Steven Mnuchin issued a warning to China over the recent weakness of its yuan currency on Friday, telling Reuters that the Treasury is closely monitoring the yuan for signs of manipulation. "There's no question that the weakening of the currency creates an unfair advantage for them," Mnuchin said of China.
LOS ANGELES— James Gunn was fired Friday as director of "Guardians of the Galaxy Vol. 3" because of old tweets that recently emerged where he joked about subjects like pedophilia and rape. Walt Disney Studios Chairman Alan Horn said in a statement that the tweets are indefensible, and the studio has severed ties with Gunn. The "Guardians" franchise stars Chris Pratt,...
LAS VEGAS— The unprecedented move from MGM Resorts International to sue hundreds of victims of last year's mass shooting in Las Vegas using an obscure U.S. law never tested in court has been framed by the casino-operator as an effort to avoid years of costly litigation— but the legal maneuver may not play out that way. MGM argues that the Oct. 1 shooting met two...
WASHINGTON, July 20- Baltimore filed a lawsuit on Friday against 26 oil and gas companies and entities, including BP Plc, Chevron Corp and Exxon Mobil Corp, for knowingly contributing to what the city called the catastrophic consequences of climate change. Baltimore is vulnerable to any rise in sea level because it has 60 miles of coastline and one of the...
Among major oil- and gas-producing states, New Mexico gained four rigs and Ohio and Wyoming each increased by one. Texas lost five rigs, Oklahoma decreased by three, Louisiana lost two and Alaska, North Dakota and West Virginia each decreased by one. Arkansas, California, Colorado, Pennsylvania and Utah were unchanged.
PHILADELPHIA _ Prudential Bancorp Inc. on Friday reported net income of $2.4 million in its fiscal third quarter. On a per-share basis, the Philadelphia- based company said it had profit of 26 cents. Prudential Bancorp shares have increased roughly 10 percent since the beginning of the year.
NEW YORK, July 20- The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback's strength and about Federal Reserve interest rate rises. Wall Street and European stock markets stalled, despite good corporate earnings, after Trump threatened to impose...
MNUCHIN SAYS TRUMP RESPECTS THE INDEPENDENCE OF U.S. FED, POWELL.
MNUCHIN SAYS DOLLAR STRENGTH IMPORTANT FOR UNITED STATES IN THE LONG TERM, DECLINES COMMENT ON SHORT-TERM DOLLAR ISSUES.
MNUCHIN SAYS CHINA TRADE DEAL REQUIRES PROTECTION FOR U.S. INTELLECTUAL PROPERTY, END TO FORCED TECH TRANSFERS AND JOINT VENTURES, OPPORTUNITY FOR U.S. COMPANIES TO COMPETE FAIRLY IN CHINA.
MNUCHIN SAYS FINAL CFIUS BILL NOT INTENDED TO TARGET SPECIFIC COUNTRIES.
MNUCHIN SAYS RUSSIAN ALUMINUM PRODUCER RUSAL HAS APPROACHED TREASURY WITH PLAN THAT COULD TAKE IT OFF SANCTIONS LIST.
MNUCHIN SAYS OBJECTIVE IS TO KEEP RUSAL IN BUSINESS IF ACCEPTABLE SOLUTION CAN BE FOUND.
MNUCHIN TELLS REUTERS IN SAO PAULO INTERVIEW THAT YUAN WEAKNESS CREATES UNFAIR ADVANTAGE FOR CHINA, WILL CAREFULLY REVIEW ACTIONS IN NEXT TREASURY CURRENCY REPORT.
TREASURY'S MNUCHIN SAYS CLOSELY MONITORING RECENT CHINESE YUAN WEAKNESS FOR SIGNS OF MANIPULATION.
MNUCHIN SAYS TRUMP ADMINISTRATION READY TO MAKE CHINA TRADE DEAL IF CHINA IS SINCERE ON MEANINGFUL CHANGES.
MNUCHIN SAYS CONGRESS HAS REACHED A DEAL TO MODERNIZE CFIUS SECURITY REVIEWS TO PROTECT TECHNOLOGY, KEEP U.S.