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  • US stocks surge, snapping 6-day losing streak Wednesday, 26 Aug 2015 | 12:57 AM ET

    While the surge came as a relief to many, Wall Street professionals warned that more rough days lie ahead, in part because of weakness in China, where signs of an economic slowdown triggered the sell-off that has shaken global markets over the past week. The Dow lost about 1,900 points over that period, and more than $2 trillion in corporate value was wiped out.

  • NEW YORK— Republican presidential candidate Donald Trump repeated his claim Tuesday evening that he would stop eating Oreos, citing the cookie maker's decision to close a plant in Chicago and move it to Mexico. Oreo's parent company Mondelez International Inc. said last month that it decided to invest $130 million in building four new production lines at a...

  • *Wall Street falls in late selloff. *Relief from China cut in rates, reserve requirements temporary. NEW YORK, Aug 25- U.S. stocks ended down on Tuesday after sharply reversing early gains late in the session as investors were unconvinced China's move to cut to interest rates and banks' reserve requirements could ease global growth concerns.

  • *China cuts interest rate for second time in two months. Aug 25- A strong rally on Wall Street evaporated on Tuesday and stocks ended with deep losses as concerns about China's economy outweighed lower valuations that some saw earlier as bargains. Investors cited more worries that a slowdown in China could hobble global growth, even after the country's central...

  • Airbnb to start collecting taxes in Paris Tuesday, 25 Aug 2015 | 3:23 PM ET

    Aug 25- Online home-rental marketplace Airbnb Inc said on Tuesday it would begin collecting and remitting tourist taxes from guests on behalf of rental apartments in Paris. Airbnb, whose most popular city is Paris with more than 50,000 listings, said it would collect 0.83 euro per person per night for reservations made in Paris on or after Oct. 1.

  • US STOCKS-Wall Street's sharp rally loses its edge Tuesday, 25 Aug 2015 | 3:12 PM ET

    *China cuts interest rate for second time in two months. *Apple up 5.1 pct, Best Buy jumps 15.48 pct. Investors drove prices sharply higher from the opening bell but caution set in by the afternoon due to lingering concerns that a slowdown in China could hobble global growth, even after the country's central bank cut interest rates on Tuesday for the second time in...

  • A federal appeals court has upheld a settlement in which Southwest Airlines passengers got free drink vouchers but lawyers who sued the airline got $1.65 million in cash. Southwest includes a drink coupon when passengers buy a higher-priced Business Select ticket. Southwest settled in 2013, with two lead passengers getting $15,000 each and the lawyers...

  • *Market rebounds on cut in China rates, reserve requirements. NEW YORK, Aug 25- Markets rebounded on Tuesday with world stocks, oil prices and bond yields all rising after China cut interest rates and banks' reserve requirements in a bid to kick-start its wavering economic growth. The dollar turned around Tuesday to rise 1.2 percent against a basket of major...

  • *China cuts interest rate for second time in two months. Investors snapped up beaten-down stocks from the opening bell but caution set in by early afternoon amid lingering concerns that a slowdown in China could hobble global growth. "They are trying to figure out what the slowdown in China means to the global economy," he said.

  • DC regulators reject proposed merger of Exelon, Pepco Tuesday, 25 Aug 2015 | 12:34 PM ET

    WASHINGTON— Regulators in the District of Columbia rejected the proposed merger of power companies Exelon and Pepco on Tuesday, saying the deal would not benefit ratepayers. Chicago- based Exelon announced in April of 2014 that it was buying Washington, D.C.- based Pepco Holdings Inc. for $6.8 billion. "We found no benefit to District ratepayers in a new...

  • BP restarts part of Indiana oil refinery after repairs Tuesday, 25 Aug 2015 | 12:02 PM ET

    SOUTH BEND, Ind.— A large Indiana oil refinery whose unplanned shutdown for repairs earlier this month caused gasoline prices in the Great Lakes region to spike restarted Tuesday, leading experts to predict a quick drop in prices. AAA Hoosier Motor Club reports gas prices hit a high of $2.976 in Indiana for self-serve regular unleaded on Aug. 16 in Indiana.

  • *USDA corn, soybean conditions match expectations. WINNIPEG, Manitoba, Aug 25- U.S. soybeans rebounded on Tuesday off a more than six-year low, helped by China's decision to cut interest rates, although fears of a cooling economy in the world's largest buyer of the oilseed kept gains in check. Bargain buying and a bounce in other commodities, such as crude oil, nudged...

  • Grain higher, livestock higher Tuesday, 25 Aug 2015 | 10:27 AM ET

    CHICAGO— Grain futures were higher in early trading Tuesday on the Chicago Board of Trade. Wheat for December delivery gained 2.50 cent to $5.1040 a bushel; December corn was. 50 cent higher at $3.8120 a bushel; December oats was 2.50 cents higher at 2.2340 a bushel; while November soybeans gained 5.50 cents to 8.7960 a bushel. October live cattle was. 20 cent higher...

  • *Best Buy to sell Apple Watch in 900 stores starting Sept. 4. Aug 25- Best Buy Co Inc, the biggest U.S. electronics chain, reported an unexpected increase in quarterly sales and said it expected consumer spending to remain strong this quarter, sending its shares up nearly 15 percent. Chief Financial Officer Sharon McCollam said the financial markets' recent...

  • US home prices rise steadily in June as sales pick up Tuesday, 25 Aug 2015 | 9:06 AM ET

    Prices rose 10.2 percent in Denver, 9.5 percent in San Francisco and 8.2 percent in Dallas. Chicago posted the smallest gain, just 1.4 percent. The National Association of Realtors said last week that sales of existing homes rose 2 percent in July to a seasonally adjusted annual rate of 5.59 million, the fastest pace since February 2007.

  • GRAINS-Soybeans extend gains after China cuts rates Tuesday, 25 Aug 2015 | 7:15 AM ET

    *Soybeans extend gains to 1.3 pct after China cuts rates. *USDA leaves condition of soybean, corn crop unchanged. Wheat gained 1 percent despite the U.S. Department of Agriculture pegging the progress of the spring wheat harvest above market expectations.

  • The new executive, Lynn Pendergrass, previously held senior positions at Johnson& Johnson, Hewlett-Packard Co and General Electric Co, Sears said in a statement on Monday. Given her background promoting big global brands, the Pendergrass appointment could signal that Sears wants to look at expanding sales of Kenmore, Diehard and Craftsman products outside...

  • CHICAGO, Aug 24- Visa Inc said on Monday online shoppers using its payment service are 17 percentage points more likely to complete their purchases than those using PayPal. Visa Checkout, which allows shoppers to store their payment information without having to re-enter it every time they make a purchase online, said 66 percent of its enrolled customers...

  • District Judge Rudolph Randa in Milwaukee that it lacked jurisdiction to hear former CEO Laurie Bebo's constitutional challenge to the SEC administrative case against her until the regulator's proceedings have concluded. SEC spokesman John Nester declined to comment. They have halted SEC administrative proceedings on the grounds that the appointment...

  • NEW YORK, Aug 24- Confidence among affluent investors was already slipping before the stock market rout in China sent U.S. markets plunging last week and on Monday, according to a monthly index calculated by Spectrem Group, a Chicago- based research company. Based on past trends, even if markets come roaring back, investor confidence is likely to lag for months, said...