×

Wires

  • AMSTERDAM, Aug 16- Akzo Nobel and its biggest shareholder Elliott Advisors ended a long-running dispute on Wednesday as the U.S. activist investor agreed to halt legal action against the Dutch paint company and to support its board nominations. The move marks a major shift in Akzo Nobel's relations with the hedge fund, which last week lost its second legal...

  • *Canadian dollar at C $1.2627, or 79.20 U.S. cents. TORONTO, Aug 16- The Canadian dollar rebounded against its U.S. counterpart on Wednesday from a one-month low hit the day before, driven by a broad-based retreat in the U.S. dollar on the back of Federal Reserve concerns over inflation. trading at C $1.2627 to the greenback, or 79.20 U.S. cents, up 1 percent.

  • NEW YORK, Aug 16- A Federal Reserve policymaker on Wednesday staked out the hawkish argument for carrying on with U.S. interest rate hikes even while weak recent inflation readings have split opinions among her colleagues at the U.S. central bank. In an interview, Cleveland Fed President Loretta Mester said that while some price readings have fallen this year,...

  • Urban Outfitters Inc., up $2.94 to $19.76. Target Corp., up $1.96 to $56.31. Progressive Corp., up $1.12 to $48.71.

  • SANTA BARBARA, Calif., Aug 16- U.S. congressional Republican leaders were set to promote their tax reform goals at a special gathering in California on Wednesday, but their plans were overshadowed by growing furor over President Donald Trump's controversial statements on Virginia protests that turned deadly. Wall Street analysts warned that Trump's remarks...

  • U.S. stocks rose slightly Wednesday as Urban Outfitters and Target helped retailers rally. That was enough to cancel out more losses for energy companies. The Russell 2000 index of smaller companies edged up 0.30 points to 1,383.53.

  • In Cisco's security business, which offers firewall protection and breach detection systems, revenue rose 3 percent to $558 million, but fell short of analysts expectations of $580.5 million, according to financial and data analytics firm FactSet. Revenue from Cisco's switching business fell 9 percent to $3.44 billion, missing analysts' average estimate of...

  • MEXICO CITY, Aug 16- The Mexican Supreme Court on Wednesday found unanimously that billionaire Carlos Slim's telecommunications company America Movil should not be barred by law from charging its rivals interconnection fees, a setback to a sweeping reform intended to curb the firm's dominance. The 2014 telecom industry reform, one of Mexican President...

  • COLUMBUS, Ohio _ L Brands Inc. on Wednesday reported fiscal second-quarter profit of $138.9 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK, Aug 16- U.S. stocks ended slightly firmer on Wednesday but off the day's highs as worries mounted over President Donald Trump's agenda and minutes from the latest Federal Reserve meeting suggested policymakers are worried about weak inflation. Indexes lost some ground following Trump's disbanding of two high-profile business advisory councils...

  • ARLINGTON, Va. _ CACI International Inc. on Wednesday reported fiscal fourth-quarter earnings of $44.2 million. CACI International expects full-year earnings to be $6.52 to $6.84 per share, with revenue in the range of $4.35 billion to $4.5 billion. CACI International shares have climbed almost 4 percent since the beginning of the year.

  • SAN FRANCISCO, Aug 16- Twitter Inc on Wednesday suspended accounts linked to the neo-Nazi website Daily Stormer, keeping up pressure from Silicon Valley on white supremacists after weekend violence in Charlottesville, Virginia. The white supremacist website helped organize the weekend rally in Charlottesville where a 32- year-old woman was killed and 19...

  • NEW YORK, Aug 16- Wall Street edged higher on Wednesday but closed well off session highs and the dollar fell on the latest turmoil in Washington and U.S. Treasury yields fell with benchmark yields retreating from one-week highs after the July meeting minutes and as investors worried that a backlash against President Donald Trump's comments after a violent...

  • International arrivals to the U.S. increased 2 percent in January 2017 compared with January 2016, the U.S. Department of Commerce announced Wednesday. The top five inbound markets for January 2017 were Mexico, Canada, China, Japan and the United Kingdom, though visits from Japan and the U.K. were down compared to January 2016. Visitors from China showed the...

  • WASHINGTON, Aug 16- Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for halting interest rate hikes until it was clear the trend was transitory, according to the minutes of the U.S. central bank's last policy meeting. The readout of the July 25-26 meeting, released on Wednesday, also indicated the Fed was...

  • MOUNTAIN VIEW, Calif. _ Synopsys Inc. on Wednesday reported fiscal third-quarter profit of $116.8 million. Four analysts surveyed by Zacks expected $690.4 million. For the current quarter ending in October, Synopsys expects its per-share earnings to range from 55 cents to 58 cents.

  • WASHINGTON— The White House says President Donald Trump will make this month's payments to insurers under the health-care law he wants to repeal and replace. But a White House spokesman says "the August payment will be made." The Congressional Budget Office reported this week that premiums for a popular type of individual health care plan under the Affordable...

  • SAN JOSE, Calif. _ Cisco Systems Inc. on Wednesday reported fiscal fourth-quarter net income of $2.42 billion. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of 61 cents per share. For the current quarter ending in November, Cisco expects its per-share earnings to range from 59 cents to 61 cents.

  • MORRIS PLAINS, N.J. _ Immunomedics Inc. on Wednesday reported a loss of $53.3 million in its fiscal fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share. Immunomedics shares have more than doubled since the beginning of the year.

  • SUNNYVALE, Calif. _ NetApp Inc. on Wednesday reported fiscal first-quarter earnings of $136 million. Eight analysts surveyed by Zacks expected $1.31 billion. For the current quarter ending in November, NetApp expects its per-share earnings to range from 64 cents to 72 cents.