USA News Hub

(Updates prices) * Capital goods orders disappoint * Bond moves influenced by stock markets * Fed may pause rate hikes in spring – report * Bond market closed on Thursday for Thanksgiving By Karen Brettell NEW YORK, Nov 21 (Reuters) – U.S. Treasury yields fell on Wednesday after data showed that new orders for U.S.-made […]

MILAN, Nov 21 (Reuters) – RCS Mediagroup’s attempt to annul a sale of some Milan properties to Blackstone was “wholly fabricated and is nothing more than blackmail”, a source close to the U.S. private equity fund said on Wednesday. The Italian publisher last week launched arbitration proceedings in Milan to annul the sale of the […]

BRUSSELS, Nov 21 (Reuters) – The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS None NEW LISTINGS — U.S. soft drinks company Coca-Cola Co to acquire coffee chain Costa (notified Nov. 20/deadline Jan. 4) — Japanese car maker Toyota Motor Corp and […]

(Refiles story to show in paragraph 23 that Sangamo Therapeutics has six people in clinical trials) By Caroline Humer NEW YORK, Nov 21 (Reuters) – BioMarin Pharmaceutical Inc is turning to the theater to establish its name with hemophilia patients, long before its experimental cure for the bleeding disorder could reach the market. Earlier this […]

(Changes date to Wednesday in paragraph 2) Nov 21 (Reuters) – U.S. energy firms this week cut oil rigs for the first time in the three weeks as crude prices have fallen to their lowest in over a year. Drillers cut three oil rigs in the week to Nov. 21, bringing the total count down […]

PARIS, Nov 21 (Reuters) – Altice Europe’s founder and majority owner Patrick Drahi said on Wednesday he is open to the idea of selling a stake in his cable network in France. The Franco-Israeli tycoon is trying to pay down the group’s 30 billion-euro debt pile and share the burden of investing cash into the […]

* End of VAT-related benefit also hit profits * Best quarterly commercial performance since 2005 in France * Debt-ridden group strives to regain market confidence (Recasts story, adds details, background) By Mathieu Rosemain and Gwénaëlle Barzic PARIS, Nov 21 (Reuters) – Telecoms and cable group Altice Europe reported a sharp increase in customers in France […]

Nov 21 (Reuters) – The U.S. Food and Drug Administration said on Wednesday it approved Pfizer Inc’s treatment for a rare form of blood cancer in some adults. The drug, Daurismo, was approved for adults with acute myeloid leukemia aged 75 or older, those with other chronic health conditions or diseases that may preclude the […]

By Trevor Hunnicutt NEW YORK, Nov 21 (Reuters) – Investors appeared close to suspending their onslaught on U.S.-based stock and bond funds, nearly bringing an end to nearly two months of withdrawals during the latest week, Investment Company Institute (ICI) showed on Wednesday. Overall, U.S.-based mutual funds and exchange-traded funds (ETFs) recorded $96 million in […]

Nov 21 (Reuters) – Roche Holding AG said on Wednesday its cancer drug, Venclexta, received accelerated approval from the U.S. Food and Drug Administration as part of a combination treatment for newly diagnosed patients with a form of leukemia. The drug, developed in partnership with AbbVie Inc, was approved for patients with acute myeloid leukemia […]

PARIS, Nov 21 (Reuters) – Telecoms and cable group Altice Europe said its third-quarter core operating profit fell by 6.8 percent as it sought to regain market share its France through heavy promotions in both fixed and mobile. The company’s quarterly adjusted earnings before interest tax, depreciation and amortisation (EBITDA) dropped to about 1.3 billion […]

LONDON, Nov 21 (Reuters) – Standard Chartered will on Dec. 31 end a period of supervision by an independent monitor it had agreed with New York’s Department of Financial Services (DFS), the DFS said on Wednesday, bringing to a close one strand of the bank’s punishment for past failings in compliance controls. Standard Chartered agreed […]

(Corrects “megabyte” to “megabit” in 12th paragraph and clarifies comment in 11th paragraph to provide more context.) By Elias Biryabarema KAMPALA, Nov 20 (Reuters) – Uganda will force new investors in telecommunications services to rent capacity from existing fibre optic cables, rather than lay their own, to stem infrastructure duplication and lower internet access costs, […]

PARIS, Nov 21 (Reuters) – The head of Pernod Ricard said on Thursday it will take 12-18 months before the French spirits group can assess whether the legalisation of cannabis will impact the consumption of premium spirits. “To date there is no evidence that the legalisation of cannabis will have an impact on the consumption […]

Nov 21 (Reuters) – Canada’s main stock index rose in a broad-based rally on Wednesday, as oil prices rebounded from one-year lows boosting energy shares, while higher gold prices aided gains in shares of precious metal miners. * The energy sector rose 1.8 percent as U.S. crude prices were up 2.4 percent per barrel, while […]

* Foot Locker jumps on better-than-expected comp sales * Autodesk surges after upbeat results * FAANGs bounce back * Eight of 11 S&P sectors higher * Indexes: Dow 0.41 pct, S&P 0.54 pct, Nasdaq 0.94 pct (Updates to open) By Medha Singh Nov 21 (Reuters) – U.S. stocks recovered from a brutal two-day selloff on […]