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Wires

  • MILAN— Italian tax authorities say Amazon will pay 100 million euros to end a dispute over its tax payments from 2011-2015.. The internet retailer headquartered in the U.S. state of Washington said it set up an Italian branch in May 2015 "with all retail revenues, expenses, profits and taxes due now accounted for in Italy." It further said it had invested more than 800...

  • Daniel Perez, who authorities said lived next door to a former Celator accountant in Yardley, Pennsylvania, entered his plea to one count of securities fraud in federal court in Trenton, New Jersey, prosecutors said. Prosecutors at that time announced that three other people, including Evan Kita, the former employee at the New Jersey drug company, had pleaded...

  • ROME, Dec 15- Italy's state holding company CDP and Intesa Sanpaolo have signed a non-binding agreement to join ArcelorMittal's bid to buy Italian steelmaker Ilva, a source close to the matter said on Friday. The involvement of CDP and Intesa, which the source said would amount to about 100 million euros, would replace the share in the consortium currently held by...

  • WASHINGTON Dec 15- Lockheed Martin Corp, the maker of the F-35 and F-22 fighter jets, is partnering with plane maker Aerion Corp to develop the world's first supersonic business jet. In May, General Electric Co's GE Aviation and Aerion announced a joint study to develop a supersonic engine for the AS2. U.S. space agency NASA last year awarded a contract to a unit of...

  • Exchange operators CME Group and Deutsche Boerse have decided to downgrade their membership for the consortium starting at the end of January 2018, according to slides titled "member attrition" from a board meeting presentation held on Friday. CME Group and Deutsche Boerse were premier members of the group and will downgrade to a general membership.

  • NEW YORK, Dec 15- World shares gained on Friday and Wall Street opened higher on U.S. tax legislation optimism, while the U.S. yield curve hit its flattest in a decade after the Federal Reserve hiked interest rates earlier this week. The European Central Bank and the Bank of England held off on hikes. Wall Street equities sharply rose as U.S.

  • *Executive chairman Del Vecchio takes on all powers. MILAN, Dec 15- Italy's Luxottica said on Friday that Chief Executive Massimo Vian would leave, as Chairman Leonardo Del Vecchio prepares the eyewear group he founded for a planned merger with France's Essilor. Del Vecchio, 82, returned to the helm of Luxottica as executive chairman in 2014 and has since...

  • NEW YORK, Dec 15- Wall Street's three major indexes scaled new heights on Friday, with all major sectors pushing higher as a long-awaited tax bill that would cut corporate tax rates looked like it would win support among lawmakers. Republicans were expected to release final details of their plan on Friday, with decisive votes in the House of Representatives and...

  • Among major oil- and gas-producing states, Pennsylvania gained three rigs and North Dakota and Wyoming each added one. New Mexico and Texas each lost two rigs while Louisiana declined by one. Alaska, Arkansas, California, Colorado, Kansas, Ohio, Oklahoma, Utah and West Virginia were unchanged.

  • WASHINGTON, Dec 15- Talks this week on updating the North American Free Trade Agreement with Canada and Mexico focused on narrowing gaps in some chapters but the United States was still looking for "serious engagement and meaningful progress" in the negotiations, a U.S. spokeswoman said on Friday. "Negotiators substantively completed a sectoral annex on energy...

  • WASHINGTON, Dec 15- Talks this week on updating the North American Free Trade Agreement with Canada and Mexico focused on narrowing gaps in some chapters but the United States was still looking for "serious engagement and meaningful progress" in the negotiations, a U.S. spokeswoman said on Friday. "Negotiators substantively completed a sectoral annex on energy...

  • WASHINGTON, Dec 15- Republican Senator Marco Rubio signaled his support for a sweeping tax bill on Friday, saying changes that had been made at his urging to increase the refundability of a child tax credit marked "a solid step toward broader reforms."

  • OTTAWA, Dec 15- Around six percent of Canadian firms could move part of their operations to the United States amid uncertainty over the future of the NAFTA trade pact, the nation's export credit agency said on Friday. Canada sends 75 percent of all goods exports to the United States and could be badly hit if Washington walks away from the North American Free Trade...

  • NEW YORK/ LONDON, Dec 15- Gold prices clung to earlier gains and were poised for their first weekly gain in four weeks on Friday, withstanding pressure from strong equities markets on continued support from this week's interest rate rise. Spot gold was up 0.19 percent at $1,255.12 per ounce. recovered from Monday's five-month low of $1,235.92.

  • Dec 15- Dominion Energy Inc's Millstone nuclear power plant is expected to remain profitable through 2035, according to a study released by Connecticut energy regulators on Thursday, making it less likely the company will shut the reactors early. "The study correctly lays out the consequences Connecticut would face without Millstone: chronic reliability...

  • Most of the gains came after Hunter Harrison, 73, who led turnarounds of two Canadian railroads, was hired as CEO in March in a push by activist investor Paul Hilal. Acting CEO Jim Foote, who worked with Harrison at Canadian National Railway, insisted he will carry on the CEO's plans, but offered no details on his health or when he might return to the helm of the...

  • Dec 15- Luxury automaker Karma Automotive on Friday named Liang Zhou as its new chief executive replacing Thomas Corcoran. Wanxiang Group, a major Chinese auto parts supplier, bought the assets of California- based plug-in hybrid carmaker Fisker Automotive and later changed Fisker's name to Karma Automotive. Zhou will be based in the Karma Automotive's...

  • U.S. 30- YEAR TREASURY YIELD TOUCHES LOWEST LEVEL SINCE EARLY SEPTEMBER AS YIELD CURVE FLATTENS FURTHER.

  • Marco Rubio will back $1.5 trillion tax bill, strengthening chances Congress will OK bill next week.

  • WASHINGTON, Dec 15- Trump administration officials briefed senators this week on how the White House was considering non-proliferation standards in a potential agreement to sell nuclear reactor technology to Saudi Arabia, but did not indicate whether allowing uranium enrichment would be part of any deal, congressional aides said. Non-proliferation...