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  • Sept 21- American International Group Inc said on Friday the insurer will acquire Glatfelter Insurance Group, a York, Pennsylvania- based insurance broker. AIG's latest move comes as Chief Executive Officer Brian Duperreault, who took charge last year, is trying to grow the insurer as part of a strategy for boosting its revenues. In July, AIG finalized its...

  • *May ups ante with EU after both sides warn of no-deal risks. LONDON, Sept 21- The British pound tumbled two cents against the dollar on Friday and headed for its biggest daily drop this year after Prime Minister Theresa May said Brexit talks with the European Union had reached an impasse and called for new proposals. "Either there is compromise or a no-deal but the...

  • LONDON— The insurance company for a Russian businessman who died near his home in London six years ago is urging a coroner to rule whether or not he was murdered using poison. Attorneys for Legal& General asked Judge Nicholas Hilliard on Friday to consider all possibilities following an inquest into the death of Alexander Perepilichnyy, who collapsed while...

  • RBS later on Friday said it had fixed the problems, which followed similar outages on Thursday that hit Barclays, the Co-operative Bank and fintech firm Cashplus. Lawmakers on Britain's Treasury Select Committee, in letters published on Friday, called on Barclays and RBS to explain what caused the problems and set out how they would compensate customers who...

  • BONDHOLDER SAYS NEIMAN MARCUS GROUP LTD LLC MAY BE IN DEFAULT AFTER MOVING MYTHERESA BUSINESS TO SEPARATE COMPANY.

  • NEW YORK, Sept 21- Distressed investor Marble Ridge Capital LP said in a letter to Neiman Marcus Group Ltd LLC that the luxury department store company may be in default after it moved its Mytheresa business into an entity owned by the retailer's private equity owners. "With management serving at their behest, these recent actions threaten the viability of a...

  • *S&P, Dow hit record highs for second straight session. Sept 21- The benchmark S&P 500 and the Dow Jones Industrial Average touched record highs on Friday, their second session in a row, boosted by gains in the technology and consumer discretionary sectors. McDonald's rose 2.1 percent after the company said it would raise its quarterly dividend by 15 percent to...

  • DALLAS— America's rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. President Donald Trump appears worried about rising oil prices, which are creating higher prices at the gasoline pump for motorists just a few weeks before mid-term elections that will decide which party controls the...

  • Sept 21- Insurer American International Group Inc said on Friday that it will acquire Glatfelter Insurance Group, a York, Pennsylvania- based insurance broker and company. The privately owned Glatfelter provides services for specialty insurance and has underwriting capabilities that will help boost AIG's general insurance business, AIG said.

  • TORONTO, Sept 21- Long-time gold bull John Paulson followed through on Friday on a pledge made last year to team up with other gold investors in an effort to work with management of companies in the gold sector to improve returns, according to the group, called the Shareholders Gold Council. The council includes Adrian Day Asset Management, Apogee Global Advisors,...

  • PROVIDENCE, R.I.— Two members of Congress are calling on Google to address concerns that YouTube might violate children's privacy. David Cicilline, a Rhode Island Democrat, and Rep. Jeff Fortenberry, a Nebraska Republican, sent a letter this week to Google CEO Sundar Pichai asking for more details about how the service collects data.

  • LONDON/ FRANKFURT, Sept 21- Calsonic Kansei has lined up around 5 billion euros in financing from Japanese banks to fund its proposed acquisition of Fiat Chrysler's unit Magneti Marelli, four sources familiar with the matter said. Calsonic has made an initial proposal of 5.8 billion euros for Magneti Marelli, two of the sources said, but the final price could be...

  • Sept 18- The following companies are planned to move to a new industry sector as of Monday as part of the largest-ever shakeup of the Global Industry Classification Standard. The S&P telecommunications services sector will be renamed communications services and include companies pulled from the information technology and consumer discretionary...

  • *OPEC and its allies to gather on Sunday in Algeria. LONDON, Sept 21- Oil prices rose on Friday ahead of a meeting of OPEC and other large crude exporters that will focus on production increases as U.S. sanctions restrict Iranian exports. OPEC and its allies are scheduled to gather in Algeria on Sunday to discuss how to allocate higher supply to offset the shortage of...

  • NEW YORK— The $1,100 price tag on Apple's latest iPhone turned heads when the company announced it last week. But for less than half as much, you can still get a good camera, a decent-sized screen and other popular features. And if you want a supersized display, that's where the $1,100 iPhone XS Max comes in.

  • *Premiums unchanged in Hong Kong, Singapore. *China premiums between $4 and $6.50 per ounce this week. MUMBAI/ BENGALURU, Sept 21- Discounts for gold against official domestic prices in India widened to three-month highs this week, even as an escalation in the trade dispute between China and the United States triggered safe haven buying in China, the world's...

  • PARIS, Sept 21- France plans to make it easier for Paris and other big cities to introduce London-style urban vehicle tolls in a bid to reduce pollution and congestion, a government source told Reuters on Friday. Singapore, London, Stockholm and Milan have all introduced congestion pricing systems, but no French city has done so, although France has an extensive...

  • NEW YORK— The latest on developments in financial markets:. Telecommunications companies rose Friday, led by a gain in AT&T. The British pound fell after British Prime Minister Theresa May said talks over exiting the European Union are at an impasse.

  • TORONTO, Sept 21- The Canadian dollar was little changed against the greenback on Friday, holding near its highest in more than three months as data showing a pickup in underlying inflation boosted bets for a Bank of Canada interest rate hike next month. Canada's annual inflation rate dipped to 2.8 percent in August from 3.0 percent in July, the seventh...

  • Sept 21- The benchmark S&P 500 and the Dow Jones Industrials Average hit record highs at the open on Friday, while the Nasdaq rose on gains in technology stocks. The Dow Jones Industrial Average rose 69.27 points, or 0.26 percent, at the open to 26,726.25. The S&P 500 opened higher by 6.01 points, or 0.21 percent, at 2,936.76.