×

Wires

  • Aug 23- A divided federal appeals court on Wednesday upheld the insider trading conviction of Mathew Martoma, a former SAC Capital Advisors LP portfolio manager, rejecting his claims that there was inadequate evidence of guilt and that the jury instructions were defective. Martoma, who worked at SAC's CR Intrinsic Investors unit, was convicted of receiving...

  • WASHINGTON, Aug 23- New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest level in seven months, which could raise concerns of a slowdown in the housing market recovery. The Commerce Department said on Wednesday new home sales tumbled 9.4 percent to a seasonally adjusted annual rate of 571,000 units last month, the lowest level...

  • *Trump ready to shut govt to build Mexico border wall. Aug 23- U.S. stocks opened sharply lower on Wednesday, giving back some gains from a day earlier, after President Donald Trump warned of a government shutdown to build the Mexico border wall and also threatened to scrap a trade agreement with Mexico and Canada. Trump also said he might scrap the North American...

  • BERLIN, Aug 23- Protecting people rather than property or animals will be the priority under pioneering new German legal guidelines for the operation of driverless cars, the transport ministry said on Wednesday. Germany is home to some of the world's largest car companies, including Volkswagen, Daimler and BMW, all of which are investing heavily in...

  • BERLIN, Aug 23- Protecting people rather than property or animals will be the priority under pioneering new German legal guidelines for the operation of driverless cars, the transport ministry said on Wednesday. Germany is home to some of the world's largest car companies, including Volkswagen, Daimler and BMW, all of which are investing heavily in...

  • BERLIN, Aug 23- Protecting people rather than property or animals will be the priority under pioneering new German legal guidelines for the operation of driverless cars, the transport ministry said on Wednesday. Germany is home to some of the world's largest car companies, including Volkswagen, Daimler and BMW, all of which are investing heavily in...

  • BERLIN, Aug 23- Protecting people rather than property or animals will be the priority under pioneering new German legal guidelines for the operation of driverless cars, the transport ministry said on Wednesday. Germany is home to some of the world's largest car companies, including Volkswagen, Daimler and BMW, all of which are investing heavily in...

  • In wide-ranging comments made at a rally with supporters on Tuesday, Trump signaled he might end the North American Free Trade Agreement with Mexico and Canada to jumpstart negotiations on modernizing the deal. At 9:38 a.m. EDT, the Canadian dollar was down 0.2 percent at C $1.2589 to the greenback, or 79.43 U.S. cents. The currency traded within a narrow range of...

  • Filling a prescription is no longer the simple errand you run after a doctor visit. Customers of CVS and Walgreens brought that concern to light earlier this month when they sued the drugstore chains over prices paid for generic prescriptions. CVS and Walgreens reject the claims and promise to fight them.

  • LONDON, Aug 23- WPP, the world's largest advertising group, cut its sales target for the second time in six months on Wednesday after consumer goods giants curbed spending, putting its shares on track for their worst day in 19 years. Like its rivals, WPP has also been hit by an ultra competitive environment in the United States where it lost two major contracts- VW and...

  • President Donald Trump, at an event in Phoenix, said that the U.S. will "end up probably terminating" the North American Free Trade Agreement with Canada and Mexico "at some point." The U.S., Mexico and Canada began formal negotiations last week to rework the 23- year-old trade pact that Trump slammed during his campaign as the "worst" in history. The Canadian and Mexican...

  • Lowe's sank 5 percent early Wednesday after reporting second-quarter earnings that were weaker than analysts expected. Seagate Technology fell 4.4 percent. La-Z-Boy dropped 18 percent after its earnings missed estimates.

  • TORONTO, Aug 23- Canada's main stock index turned slightly higher in early trade on Wednesday, helped by gains in financial shares led by Royal Bank of Canada after the country's biggest lender reported a rise in third-quarter profit.

  • LONDON, Aug 23- After 20 years of losses, gene therapy specialist Oxford BioMedica is at last close to achieving its first profit thanks to the success of Novartis with a pioneering cancer treatment. For Oxford Bio, which listed in London in 1996 after being spun out of research at the University of Oxford, it has been a long haul marked by drug setbacks and funding...

  • Aug 23- U.S. stocks were lower at the open on Wednesday after President Donald Trump warned of a government shutdown to build a Mexico border wall and threatened to terminate a trade agreement with Mexico and Canada. The Dow Jones Industrial Average fell 74.12 points, or 0.34 percent, to 21,825.77. The S&P 500 lost 10.87 points, or 0.44 percent, to 2,441.64.

  • AMSTERDAM, Aug 23- Dutch chicken farmers have suffered around 33 million euros in damages as a direct result of culls and other measures carried out after their eggs were found this month to be tainted with a toxic chemical. The estimate, calculated by the University of Wageningen at the request of the Dutch Ministry of Economic Affairs, was sent to parliament on...

  • BEN GURION AIRPORT, Israel, Aug 23- El Al Israel Airlines took delivery of its first Boeing 787 Dreamliner aircraft on Wednesday in a $1.25 billion investment aimed at renewing its long-range fleet, halting a drop in its market share and winning back business customers. They will initially fly from Tel Aviv to Newark starting on Oct. 17 and then Hong Kong, London and...

  • BERLIN— French President Emmanuel Macron is meeting with the leaders of Austria, the Czech Republic and Slovakia as part of a tour of central and eastern Europe aimed at reinvigorating European Union unity after Britain's decision to leave. Macron is also pushing for tighter rules to protect workers in prosperous countries in Western Europe from cheaper...

  • President Donald Trump's threat to scrap the NAFTA trade pact is little more than a negotiating tactic, aimed at his political base, that should neither scare nor surprise Mexico, the country's foreign minister said on Wednesday as the peso weakened. Initial talks to re-negotiate NAFTA between Mexico, the United States and Canada ended in Washington this...

  • *Central bankers' Jackson Hole meeting in focus. NEW YORK, Aug 23- U.S. To the extent that equities are reacting to last nights speech you can say thats bleeding now into fixed-income, said Jim Vogel, an interest rate strategist at FTN Financial in Memphis.