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Wires

  • SAN JUAN, Puerto Rico, Sept 20- Hurricane Maria, the strongest storm to strike Puerto Rico in nearly 90 years, carved a path of destruction through the U.S. territory on Wednesday, causing widespread flooding and knocking power out across the island after killing at least nine people elsewhere in the Caribbean. "The danger continues- there are flood warnings for the...

  • NEW YORK, Sept 20- The Federal Reserve, the world's largest holder of U.S. debt, announced on Wednesday it was edging back from the market and investors barely budged. "The Fed's balance sheet will finally be turning a corner," said Brian Jacobsen, senior investment strategist at Wells Fargo Asset Management in Menomonee Falls, Wisconsin. In New York, JPMorgan chief...

  • HOUSTON, Sept 20- Air monitoring company Bureau Veritas SA has been added to a negligence suit, lawyers for Texas police and emergency workers said on Wednesday, after the first responders alleged they inhaled dangerous fumes during a fire at a chemical plant. The suit, filed in Harris County District Court, seeks at least $75,000 for injuries caused by the...

  • NEW YORK, Sept 20- The U.S. Federal Reserve will resume rate hikes in December and raise borrowing costs three more times in 2018, a Reuters poll found on Wednesday. The U.S. central bank will also reduce the size of its asset stock pile by about $1.4 trillion over the next several years as it seeks to restore a normal environment for monetary policy, according to the...

  • ST. LOUIS, Sept 20- St. Louis officials decided on Wednesday to supply police officers with body cameras for a year as the city prepares for a sixth night of protests after a white former police officer was acquitted of killing a black man. The panel, made up of President of the Board of Aldermen Lewis Reed, Mayor Lyda Krewson and City Comptroller Darlene Green, also...

  • Albertsons' expansion into meal kits, which deliver fresh ingredients and recipes to subscribers, comes less than a month after Amazon.com Inc's entry into the grocery market with its acquisition of Whole Foods Market. Albertsons said Plated meal kits would be offered at its store locations, online, and through a variety of distribution options.

  • Sept 20- Package delivery company FedEx Corp said on Wednesday its expects to incur roughly $350 million in integration costs related to its acquisition of Netherlands- based TNT Express during 2018, some $75 million higher than previous estimates. FedEx joins a string of companies that reported big drops in earnings because of the NotPetya virus, which hit...

  • Pepper Snapple also said its operations were impacted by hurricanes affecting certain parts of the United States, the Caribbean and the Sept. 19 earthquake in Mexico, but was unable to determine the impact to its results. The write off is expected to impact current-quarter operating income by $7 million to $9 million and profit by $0.03 per share, Pepper Snapple...

  • *Trump says has made up his mind on Iran deal, but won't say how. *Iran says it will not be first to violate agreement. UNITED NATIONS, Sept 20- Iran vowed on Wednesday not to be the first nation to violate the Iran nuclear deal and said it did not expect the United States to abandon it despite President Donald Trump's fierce criticism.

  • WASHINGTON— Figures on government spending and debt in millions of dollars.

  • Sept 20- California cities San Francisco and Oakland filed separate lawsuits against five oil companies on Wednesday seeking billions of dollars to protect against rising sea levels they blamed on climate change, according to public documents. The lawsuits, filed in state courts in San Francisco and Alameda Counties, alleged Chevron Corp, ConocoPhillips,...

  • *Trump says has made up his mind on Iran deal, but won't say how. *Iran says it will not be first to violate agreement. UNITED NATIONS, Sept 20- Iran vowed on Wednesday not to be the first nation to violate the Iran nuclear deal and said it did not expect the United States to abandon it despite President Donald Trump's fierce criticism.

  • BOSTON, Sept 20- Billionaire hedge fund manager William Ackman, whose firm owns an 8.3 percent stake in Automatic Data Processing Inc, is turning up the heat in his proxy war for the human resources outsourcing company by targeting an often-ignored but influential group of people- retail investors. Now, his campaign to get himself and two other nominees...

  • NEW YORK, Sept 20- Brazil's President Michel Temer said on Wednesday state-run oil company Petroleo Brasileiro, a symbol of national sovereignty, would stay in public hands even as his government makes an aggressive privatization push. The leader of Latin America's largest nation said the fight against corruption was giving investors more confidence to do...

  • *Trump endorses bill, but it is unclear it can pass Senate. President Donald Trump, who has expressed frustration at the Senate's failure thus far to pass legislation to replace Obama's signature legislative achievement, said "47 or 48" Republican senators already back the new bill, which needs 50 votes for passage in the 100- seat Senate that his party controls...

  • NEW YORK, Sept 20- New York state lost $1.2 billion of revenues from corporate tax breaks in fiscal 2017, with at least half of the total going to the film industry, a Washington watchdog group said on Wednesday. New York had already been publishing some information about its tax breaks, but other states are less forthcoming. Through March 31, the end of the state...

  • FedEx joins a string of companies that reported big drops in earnings because of the NotPetya virus, which hit on June 29, crippling Ukraine businesses before spreading worldwide to shut down shipping ports, factories and corporate offices. While the Memphis- based company has made progress restoring operations at TNT Express, which it acquired last year for...

  • NEW YORK, Sept 20- Brazil's President Michel Temer said on Wednesday state-run oil company Petroleo Brasileiro, a symbol of national sovereignty, would stay in public hands even as his government makes an aggressive privatization push. The leader of Latin America's largest nation said the fight against corruption was giving investors more confidence to do...

  • SAO PAULO, Sept 20- State Grid Corp of China is studying whether to acquire electricity distribution subsidiaries that will be sold by Brazil's state-owned Centrais Elétricas Brasileiras SA by year's end, an executive at the Chinese firm said on Wednesday. State Grid will consider a bid because is committed to the country in the long term, said Ramon Haddad,...

  • NEW YORK, Sept 20- U.S. In its statement that followed a two-day meeting, the Fed, as expected, left rates unchanged and said it would begin in October to reduce its approximately $4.2 trillion in holdings of U.S. Fed Chair Janet Yellen said in a press conference after the meeting that a fall in inflation this year remained a mystery and said the U.S. central bank was...