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Wires

  • WASHINGTON, Oct 18- Proponents of a bipartisan deal struck by two U.S. senators to stabilize Obamacare sought on Wednesday to win Republican support for the measure, which would restore subsidies to health insurers that President Donald Trump has scrapped. With 2018 health insurance markets facing potential chaos, Republican Senator Lamar Alexander and...

  • BRAZZAVILLE, Oct 18- Congo Republic plans to replace the board of directors and appoint an audit committee at state oil company SNPC, as it strives to improve accountability and convince international lenders to bail out the country. SNPC, which holds equity in fields operated by Italy's ENI and France's Total, has been dogged by allegations of corruption and...

  • *Moody's may improve Hungary's rating this week-trader. BUDAPEST/ PRAGUE, Oct 18- The Czech crown hit a four-year high and the zloty tested 3- month highs against the euro on Wednesday as Polish retail and industrial data confirmed robust economic growth in Central Europe. After the auction, the Czech 10- year benchmark government bond yield, bid at 1.453 percent,...

  • Oct 18- The Dow Jones Industrial Average opened above 23,000 for the first time on Wednesday following strong quarterly results from IBM. The Dow Jones Industrial Average rose 114.49 points, or 0.5 percent, to 23,111.93. The S&P 500 gained 4.3 points, or 0.16 percent, to 2,563.66.

  • BASTIAN SAYS DELTA DID NOT PLAY A ROLE IN AIRBUS-BOMBARDIER DEAL.

  • Abbott forecast full-year adjusted 2017 profit from continuing operations of $2.48- $2.50 per share. It had earlier expected earnings per share of $2.43- $2.53. Several devices received U.S. Food and Drug Administration approvals in the quarter, including Abbott's FreeStyle Libre glucose monitoring system and two of its heart devices- HeartMate 3 and...

  • The company's shares rose as much as 8 percent in light trading but pared gains to trade at $120 before the bell. "Any concerns surrounding the discontinuation of the program should, for the most part, be quelled by the simultaneous execution of a potentially lucrative licensing agreement," Leerink analyst Paul Matteis said. San Francisco, California based Vir...

  • *Canada's factory sales rise 1.6 percent in August. "Today's figures are modestly positive for the Canadian dollar and negative for the front-end of the bond curve," Nick Exarhos, an economist at CIBC Capital Markets, said in a research note. "An October move from the Bank of Canada is still a long-shot."

  • DETROIT— Ford is recalling about 1.3 million 2015-17 F-150 and 2017 Super Duty vehicles in North America because of potential door problems. The company said Wednesday that in some vehicles a frozen door latch or bent or kinked actuation cable may cause a door to not open or close. If consumers are able to open and close such doors, the door may appear closed, but the...

  • LONDON, Oct 18- Zinc hit a 10- year price peak of $3,308.75 a tonne on the London market this month but on Wednesday London Metal Exchange three-month metal touched a low of $3,040 after a precipitous 3.1 percent slide the previous day. With further upside barred by profit-takers and producers' forward selling, investors have scrambled for the exit.

  • WASHINGTON— The Latest on President Donald Trump and health care legislation:. Lamar Alexander says President Donald Trump called him Wednesday morning "to be encouraging" of bipartisan efforts to come up with a plan to stabilize health insurance premiums after Trump stopped them. A bipartisan Senate deal to curb the growth of health insurance premiums is...

  • LEXINGTON, S.C. _ First Community Corp. on Wednesday reported third-quarter earnings of $1.9 million. The holding company for First Community Bank posted revenue of $10.3 million in the period. First Community shares have increased 20 percent since the beginning of the year.

  • DELTA AIR LINES CEO SAYS BOEING-BOMBARDIER SPAT WILL NOT AFFECT POSSIBLE FUTURE ORDERS OF BOEING JETS.

  • WASHINGTON, Oct 18- U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting housing probably remained a drag on economic growth in the third quarter. Housing starts decreased 4.7 percent to a seasonally adjusted annual rate of 1.127 million units, the...

  • GENEVA— A Geneva trade official says China and Taiwan have joined many U.S. allies including Israel at the World Trade Organization to express concerns over a Trump administration executive order that seeks to maximize use of American-made goods, products and materials in government procurement. The 10 WTO members, also including the European Union, Canada...

  • Anthem, which sued the pharmacy benefit manager last year over claims of being overcharged by $3 billion annually, said it would use drug retailer CVS Health Corp to handle prescription fulfillment and claims processing for five years for the new company, called IngenioRX. Leerink analyst Ana Gupte estimated that No.2 health insurer Anthem's prescription...

  • TUNIS/ TRIPOLI, Oct 18- Libya's oil production revival is being undermined by the same financial, economic and security problems that threaten the promise of stability and a better life for the divided North African nation. Libya surprised many observers when it managed to raise its output fourfold to around one million barrels per day, boosting its only...

  • PIKEVILLE, Ky. _ Community Trust Bancorp Inc. on Wednesday reported third-quarter earnings of $13.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. Community Trust Bancorp shares have dropped 6 percent since the beginning of the year.

  • Oct 18- The Dow Jones Industrial Average was poised to open above 23,000 for the first time on Wednesday following a series of upbeat earnings reports from marquee companies. Solid earnings and hopes that President Donald Trump may be able to make progress on tax cuts have helped the market rally this year. "Looks like it's set for a good start, largely driven by...

  • *Oil prices rise on tighter US market, Middle East tensions. MILAN, Oct 18- World stocks stayed near all-time peaks and the dollar extended a winning streak on Wednesday as the focus on upcoming changes to monetary policies in the U.S. and the euro zone grew. The start of China's Communist Party conference, the extension of talks over the North American Free Trade...