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  • LABOR BOARD OVERTURNS OBAMA-ERA DECISION ON' JOINT EMPLOYMENT' THAT RANKLED BUSINESS GROUPS.

  • Dec 14- Retailer Costco Wholesale Corp on Thursday reported quarterly profit and revenue that beat analysts' estimates, as its investments in online business paid off. Net income attributable to the company rose to $640 million, or $1.45 per share, in the first quarter ended Nov. 26, from $545 million, or $1.24 per share, a year earlier. Excluding items, the company...

  • REGULATORY PANEL CALLS FOR REGULATORS TO MONITOR VIRTUAL CURRENCY RISKS, REVIEW THE SO-CALLED' VOLCKER RULE'.

  • WASHINGTON, Dec 14- The World Trade Organization failed to conclude any new agreements at its biennial meeting this week, but U.S. Trade Representative Robert Lighthizer said in a statement on Thursday that the ministerial conference in Buenos Aires "will be remembered as the moment when the impasse at the WTO was broken." The U.S. trade agency and India's...

  • Dec 14- Exxon Mobil Corp and Petróleo Brasileiro SA, Brazil's state-controlled oil producer also known as Petrobras, said on Thursday they had formed an alliance to develop energy projects around the world. The deal, which was signed in Rio de Janeiro, will have the companies study ways they can cooperate on exploration, production and chemical ventures inside...

  • Dec 14- U.S. energy regulators on Thursday approved Energy Transfer Partners LP's request to resume horizontal drilling at eight sites in Ohio and West Virginia as it works to complete part of the Rover natural gas pipeline by the end of the year. Once complete, the $4.2 billion Rover will carry up to 3.25 billion cubic feet per day of gas from the Marcellus and...

  • NEW YORK— A payment technology company says shoppers spent strongly to start the holiday season and then cooled off, but the overall pace is still stronger than a year ago. First Data says overall spending, excluding gas, rose 6 percent from Nov. 1 through Monday, outpacing the 3.7 percent pace for the year-ago period. First Data says the buying was helped by cooler...

  • NEW YORK— An Ivanka Trump- branded store is opening in the lobby of Trump Tower in New York, selling handbags, jewelry and candles. A representative for the first daughter's brand says the store opened Thursday on Manhattan's Fifth Avenue will add shoes and clothes next year. Department store Nordstrom stopped selling Ivanka Trump clothing, citing declining...

  • TORONTO, Dec 14- Canada's main stock index fell on Thursday in a broad retreat from an all-time high hit a day earlier, as financial stocks and energy companies weighed, with Cenovus Energy Inc down sharply after announcing a fresh round of job cuts. *The energy group retreated 1.4 percent overall despite higher global oil prices, with Cenovus down 5.1 percent to C...

  • Walt Disney Co., up $2.96 to $110.57. Tiffany& Co., up $3.24 to $99.34. Teva Pharmaceuticals Industries Ltd., up $1.60 to $17.30.

  • RIO DE JANEIRO, Dec 14- Chevron Corp has reached preliminary agreement with oil services firm Schlumberger NV to drill six wells in a Brazilian offshore field, two sources said this week, in a bid to lift its output in the South American country after a 2011 oil spill there cut production. Six wells would be drilled in the Frade field in Brazil's offshore Campos...

  • Analysts on average had expected total cloud revenue of $1.56 billion, according to Thomson Reuters data. The company's net income rose to $2.23 billion, or 52 cents per share, in the second quarter ended Nov. 30, from $2.03 billion, or 48 cents per share, a year earlier. Total adjusted revenue rose 6.2 percent to $9.63 billion, beating expectations of $9.57 billion,...

  • ISSAQUAH, Wash. _ Costco Wholesale Corp. on Thursday reported fiscal first-quarter net income of $640 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share. Seven analysts surveyed by Zacks expected $31.52 billion.

  • Revenue from Adobe's digital media business, which includes the software tools package Creative Cloud, rose 29.2 percent to $1.39 billion, beating analysts' estimate of $1.35 billion, according to financial data and analytics firm FactSet. The company's net income rose to $501.5 million, or $1 per share, in the fourth quarter ended Dec. 1, from $399.6 million, or 80...

  • *Canadian dollar at C $1.2755, or 78.40 U.S. cents. TORONTO, Dec 14- The Canadian dollar strengthened to a one-week high against its U.S. counterpart on Thursday after a speech by Bank of Canada Governor Stephen Poloz boosted expectations for further interest rate hikes early next year. "Traders like nothing more than a trend to jump on top of before year end, to put a...

  • OTTAWA, Dec 14- Bank of Canada Governor Stephen Poloz said on Thursday the central bank continues to see excess capacity in the labor market and would like to see the economy run hot until that slack is absorbed. "What we want is for the economy to grow hotter for a while, so that it uses up that excess capacity that is still in the labor market. And the way that will happen...

  • *Heather Sonn takes over as acting chairman. BERLIN/ JOHANNESBURG Dec 14- South African tycoon Christo Wiese resigned on Thursday as chairman of Steinhoff, the latest setback for the retail group in the throes of an accounting scandal. Steinhoff named Heather Sonn, a member of the supervisory board and its independent sub-committee, as acting chairperson, and...

  • SAN JOSE, Calif. _ Adobe Systems Inc. on Thursday reported fiscal fourth-quarter profit of $501.5 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share. Nine analysts surveyed by Zacks expected $1.95 billion.

  • *Wall St ends down; investors worry about tax bill passage. NEW YORK, Dec 14- World shares were lower on Thursday after concern from investors over potential obstacles to Republican's tax overhaul and a slate of policy meetings from major central banks in Europe. "The fear they can't get corporate tax cuts across the finish line might be causing the market to turn...

  • NEW YORK— Kellogg opened a new store in New York on Thursday that it hopes will become a hangout spot for millennials willing to buy cereal by the bowl and then lounge around on a bean bag chair. Cereal sales have been soft, and Kellogg Co. has tried to reach out to those in their 20 s and 30 s before, such as in ads pitching cereal as a late-night snack.