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  • TOKYO, Aug 23- Japan's Toshiba Corp is prioritising talks with Western Digital to sell its memory chip business, as negotiations with a previously preferred bidder have stalled, the Nikkei business daily reported on Wednesday. In June, it picked a consortium including Japanese government-backed funds, private equity firm Bain Capital and South Korean chip...

  • TOKYO, Aug 23- Japan's Toshiba Corp is prioritizing talks with Western Digital to sell its memory chip business, as negotiations with a previously preferred bidder have stalled, the Nikkei business daily reported on Wednesday. In June, it picked a consortium including Japanese government-backed funds, private equity firm Bain Capital and South Korean chip...

  • Total operating costs rose 19.7 percent to $1.84 million in the second quarter ended July 31. Revenue from Sales Cloud, the company's flagship product, rose 17.4 percent to $886.4 million, while total revenue rose 25.8 percent to $2.56 billion. Salesforce's net income fell to $17.7 million, or 2 cents per share, in the latest quarter from $229.6 million, or 33 cents...

  • The countervailing duties on soy-based Argentina biodiesel could be as much as 64.17 percent, according to a statement from the U.S. Commerce Department. Argentina accounts for two-thirds of U.S. biodiesel imports, which totaled 916 million gallons in 2016, according to U.S. government data. The compensatory duties imposed result in an immediate stoppage of...

  • NEW YORK— Federal regulators searching for money laundering schemes are digging deeper into who is behind luxury real estate purchases in certain parts of the U.S. The Financial Crimes Enforcement Network said Tuesday it's adding wire transfers to the list of all-cash buys it monitors during certain types of high-end deals. The monitoring will be done on...

  • BRASILIA/ RIO DE JANEIRO, Aug 22- Brazil's surprise move to privatize Centrais Eletricas Brasileiras SA sent the utility's shares soaring nearly 50 percent on Tuesday as investors bet the plan augured further moves to loosen the government's grip on the economy. The transaction should be concluded by mid-2018 and could involve the sale of new stock to help...

  • Temer's allies were confident the measure would still be approved on Wednesday morning, in time for a final vote by both houses of Congress before the September 7 deadline. Brazil's currency weakened 0.4 percent against the U.S. dollar, reversing earlier gains as investors feared for the strength of Temer's coalition in Congress. Temer is also seeking...

  • NEW YORK, Aug 22- A federal indictment against Wilmington Trust Corp and four former executives for allegedly hiding soured loans may need to be dismissed if it was obtained through false grand jury testimony, lawyers for the defendants said on Tuesday. "The defendants' motion is without merit and the government will be filing a response in due course," David Weiss,...

  • HOUSTON, Aug 22- Chevron Corp Chief Executive John Watson will step down by the end of next month and likely be replaced by Vice Chairman Mike Wirth, a source familiar with the matter told Reuters on Tuesday. The move would copy rival Exxon Mobil Corp, which earlier this year named refining expert Darren Woods as its own CEO, a step widely seen as prioritizing cash...

  • Aug 22- Monopoly pricing power may be keeping U.S. corporate earnings margins high and may justify even higher equity prices but the economy is increasingly less competitive and vibrant as a result. A new study charts a strange phenomenon- the markups firms charge customers above their marginal costs have gone up and up in recent years, from 18 percent in 1980 to...

  • RIO DE JANEIRO, Aug 22- The Brazilian government's decision to relinquish voting control of Centrais Elétricas Brasileiras SA poses no risk to electricity generation in the country, Chief Executive Officer Wilson Ferreira Jr said on Tuesday.

  • SAO PAULO, Aug 22- A Brazilian appeals court upheld a prior ruling that froze assets held by Construtora Odebrecht SA, a unit of the Brazilian engineering conglomerate Odebrecht SA that has been ensnared in a massive corruption probe, dubbed "Operation Car Wash." A group of judges at the Regional Federal Tribunal of the 4th Region said in a statement on Tuesday that...

  • BRASILIA/ RIO DE JANEIRO, Aug 22- Brazil's surprise move to privatize Centrais Eletricas Brasileiras SA sent the utility's shares soaring nearly 50 percent on Tuesday as investors bet the plan augured further moves to loosen the government's grip on the economy. The transaction should be concluded by mid-2018 and could involve the sale of new stock to help...

  • WASHINGTON/ CHICAGO, Aug 22- Argentine biodiesel exporters said shipments could be halted after Washington decided on Tuesday to impose duties on imports it said were unfairly subsidized. The U.S. Commerce Department will impose countervailing duties on Argentine and Indonesian biodiesel ranging from 50.29 percent to 64.17 percent for biodiesel from...

  • BRASILIA, Aug 22- Brazil's main opposition party obstructed a key measure of President Michel Temer's economic agenda on Tuesday, delaying a congressional committee vote by one day on a proposal to create a market-based benchmark for state lender BNDES. Temer's allies were confident the measure would still be approved on Wednesday morning, in time for a final...

  • NEW YORK, Aug 22- A massive California verdict in a lawsuit alleging Johnson& Johnson's talc-based products cause cancer has opened a new front in the litigation, upending the company's hopes that the cases were only gaining traction in Missouri, legal experts said. The $417 million award by California jury to a California resident suggested so-called...

  • CHICAGO, Aug 22- The sale of up to $6 billion of bonds by Illinois to shrink its enormous unpaid bill backlog, an action the governor has yet to take, could protect the state from a credit rating downgrade to junk, S&P Global Ratings said on Tuesday. "Therefore, the state may realize net fiscal savings which we believe Illinois can ill-afford to pass up given its...

  • HOUSTON, Aug 22- Chevron Corp Chief Executive John Watson will step down by the end of next month and likely be replaced by Vice Chairman Mike Wirth, a source familiar with the matter told Reuters on Tuesday. The company's shares are up about 35 percent since Watson took over as Chevron CEO in January 2010, but the Dow Jones Industrial Average has more than doubled in...

  • WASHINGTON— The Latest on Louise Linton, the wife of Treasury Secretary Steven Mnuchin:. Louise Linton, the wife of Treasury Secretary Steven Mnuchin, is apologizing for posting on Instagram about a designer-label outfit and then blasting a critic. Louise Linton, the wife of Treasury Secretary Steven Mnuchin, blasted as "adorably out of touch" a person who...

  • Aug 22- Website hoster GoDaddy Inc said Chief Executive Blake Irving would retire at the end of this year and named Chief Operating Officer Scott Wagner as his successor. Irving would continue to serve on GoDaddy's board through June 2018 and work closely with Wagner through the transition, the company said on Tuesday. Irving, who joined GoDaddy in 2013, had...