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Wires

  • NEW YORK, Dec 12- A Manhattan federal judge on Tuesday dismissed a lawsuit brought by New York's banking regulator against the U.S. Since the OCC has not reached a final decision on the fintech charters, the claims were "not ripe," and any purported harm speculative, U.S. District Court Judge Naomi Reice Buchwald wrote in her decision tossing the case without...

  • BUENOS AIRES, Dec 12- The United States, European Union and Japan vowed on Tuesday to work together to fight market-distorting trade practices and policies that have fueled excess production capacity, naming several key features of China's economic system. In a joint statement that did not single out China or any other country, the three economic powers said...

  • *Hyundai plans to have 38 green models by 2025- Lee. SEOUL, Dec 13- Hyundai Motor Co believes electric vehicle battery prices will level off by 2020 due to supply constraints of key ingredients, ending years of sharp declines that have helped stimulate activity in the booming sector. While rivals have announced ambitious plans for electric vehicles, some analysts...

  • NBC's "Today" show was the most-watched morning program for the first full week after long-time host Matt Lauer was fired because of sexual misconduct charges. The Nielsen company said it was the first time in a year that "Today" had beaten its rival "Good Morning America" at ABC for two consecutive weeks. The show's victory the previous week wasn't very surprising.

  • WASHINGTON, Dec 12- U.S. House Republicans proposed on Tuesday to delay or suspend several taxes under former President Barack Obama's healthcare law, including a tax on medical devices and the so-called "Cadillac" tax on generous health insurance plans. The move represents a new Republican attempt to roll back provisions of the 2010 Affordable Care Act widely...

  • Toshiba agreed in late September to sell Toshiba Memory, the world's second-biggest producer of NAND chips, to a consortium led by Bain Capital LP for $18 billion to cover billions of dollars in liabilities arising from Toshiba's now bankrupt U.S. nuclear power unit Westinghouse. As part of the settlement, Toshiba and Western Digital will extend existing...

  • MoviePass, a Netflix-style movie subscription business, allows unlimited access to more than 90 percent of U.S. theaters for a monthly subscription fee of $9.95. The switch to a single $9.95 model in August helped the company's subscriber numbers surge to over 400,000 from less than 20,000 within a month. Helios is a highly shorted stock, with about 42 percent of...

  • Banks led U.S. stocks mostly higher Tuesday, bringing more records for the major indexes. The Standard& Poor's 500 index and the Dow Jones industrial average closed at all-time highs for the second time this week. The Russell 2000 index of smaller-company stocks fell 3.72 points, or 0.2 percent, to 1,516.12.

  • HOUSTON, Dec 12- Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade. Selling picked up after the U.S. Energy Information Administration said in its monthly short-term energy outlook that U.S. crude oil output will rise by...

  • SAO PAULO, Dec 12- The operator of the Burger King fast-food chain in Brazil, BK Brasil Operação e Assessoria a Restaurantes SA, is expected to price its initial public offering near the top of the suggested price range, three people with direct knowledge of the matter said on Tuesday. Burger King Corp, owner of the chain in the United States and controlled by...

  • WASHINGTON, Dec 12- President Donald Trump signed into law on Tuesday legislation that bans the use of Kaspersky Lab within the U.S. government, capping a months-long effort to purge the Moscow- based antivirus firm from federal agencies amid concerns it was vulnerable to Kremlin influence. The ban, included as part of a broader defense policy spending bill that...

  • *Corn turns down after brief rally on USDA stocks view. CHICAGO, Dec 12- Chicago Board of Trade soybean futures fell to a three-week low on Tuesday on improving weather in Argentina and rising estimates of Brazil's soybean crop, while corn and wheat futures hit life-of-contract lows. CBOT March corn ended down 1-1/ 4 cents at $3.47-3/ 4 after posting a contact low at...

  • OTTAWA, Dec 12- Canada on Tuesday scrapped plans to buy 18 Boeing Co jets and made clear the company had little chance of winning a much larger contract unless it dropped a trade challenge against Canadian planemaker Bombardier Inc.. Ottawa announced last year it wanted to buy the Boeing jets as a stopgap measure while Canada runs a competition for 88 jets to...

  • NEW YORK _ Meredith Corp. on Tuesday reported a loss of $24.2 million in its fiscal third quarter. The New York- based company said it had a loss of $1.39 per share. Meredith expects full-year results to range from a loss of $1.77 per share to a loss of $1.76 per share, with revenue ranging from $151.5 million to $152 million.

  • OKLAHOMA CITY _ Panhandle Oil and Gas Inc. on Tuesday reported fiscal fourth-quarter net income of $1 million. On a per-share basis, the Oklahoma City- based company said it had net income of 6 cents. Panhandle Oil& Gas shares have decreased 11 percent since the beginning of the year.

  • *Canadian dollar at C $1.2867, or 77.72 U.S. cents. TORONTO, Dec 12- The Canadian dollar slipped to an 11- day low against its U.S. counterpart on Tuesday as oil prices fell, while the greenback gained against a basket of major currencies ahead of an expected interest rate hike by the Federal Reserve. Still, the overall range was narrow for the fourth straight day, as...

  • WASHINGTON, Dec 12- The United States, European Union and Japan said on Tuesday they agreed to cooperation in the World Trade Organization to deal with excess factory capacity and other market distorting trade practices. The statement did not name China but it reflected long-standing concerns among major industrial countries over Beijing's trade...

  • Dec 12- The English city of York refused to renew Uber's licence to operate there on Tuesday, the city council said, the latest regulatory setback suffered by the ride-hailing app. The City of York Council's Gambling, Licensing and Regulatory Committee rejected Uber's application to renew its private hire operator's licence, citing concerns about a data...

  • BOSTON _ Civitas Solutions Inc. on Tuesday reported a fiscal fourth-quarter loss of $10.7 million, after reporting a profit in the same period a year earlier. Civitas Solutions expects full-year revenue in the range of $1.57 billion to $1.62 billion. Civitas Solutions shares have decreased 0.5 percent since the beginning of the year.

  • GASOLINE FUTURES PARE LOSSES AFTER API DATA SHOWS A SLIGHTLY SMALLER-THAN-EXPECTED BUILD.