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  • GLOBAL MARKETS-Wild week for markets ends quietly Friday, 28 Aug 2015 | 4:44 PM ET

    *China central bank injects liquidity into market. NEW YORK, Aug 28- A volatile ride for global markets this week ended calmly on Friday even as lingering worries over Chinese economic growth and the Federal Reserve's plans to raise interest rates weighed on stocks, but oil rebounded sharply for a second day. U.S. crude jumped more than 6 percent as a rally in...

  • NEW YORK, Aug 28- The nearly two-month-long slide in oil prices to 6-1/ 2 year-lows has been a boon to many so-called systematic funds, which trade based on technical signals or computer algorithms rather than fundamentals. While most market commentary has focused on the persistent glut in the global market caused by unrelenting OPEC output and surprisingly...

  • Aug 28- The oil market's 10 percent surge on Thursday offered a visceral reminder that many of its most active participants could not care less about global oil inventories, Saudi Arabia's stressed finances or the American shale revolution. For dozens of commodity trading advisors from Rotterdam to Chicago, so-called "systematic" funds that typically use...

  • Trend-driven funds profit on oil's slippery path Friday, 28 Aug 2015 | 12:00 AM ET

    Aug 28- The oil market's 10 percent surge on Thursday offered a visceral reminder that many of its most active participants could not care less about global oil inventories, Saudi Arabia's stressed finances or the American shale revolution. For dozens of commodity trading advisors from Rotterdam to Chicago, so-called "systematic" funds that typically use...

  • Wal-Mart to stop selling AR-15s and similar weapons Thursday, 27 Aug 2015 | 12:24 AM ET

    LITTLE ROCK, Ark.— Wal-Mart will stop selling the AR-15 rifle and other semi-automatic weapons at its stores because fewer people are buying them, a spokesman said Wednesday. Company spokesman Kory Lundberg said Wal-Mart Stores Inc. will remove the remaining inventory as stores transition from summer to fall merchandise, which should take a week or two to...

  • HARTFORD, Conn.— Rapper 50 Cent' s bankruptcy attorney says he'll try again to sell his 50,000- square-foot Connecticut mansion. The Hartford Courant reports Pat Neligan spoke at a court hearing Wednesday. He filed for bankruptcy last month after a New York City jury ordered him to pay $7 million to a woman who said he posted her sex tape online.

  • Wall Street is for sale - but is it cheap? Wednesday, 26 Aug 2015 | 6:12 PM ET

    NEW YORK, Aug 26- During more than a week of stock market sell-offs, investors have been exhorted to use declines to pick up bargains- and with a 7.7 percent drop on the S&P 500 since August 17, stocks have certainly gotten less expensive. "We are not getting to a point where it's attractive, it's just not as expensive," said Michael O'Rourke, chief market strategist at...

  • The $3.4 million judgment stemmed from a 2007 lawsuit by the SEC against Olins, SpatiaLight and his wholly-owned company Argyle Capital Management Corp.. Among other claims, the SEC contended that Olins and Argyle illegally sold more than 400,000 shares of SpatiaLight stock without disclosing those sales and while making misrepresentations to investors...

  • NEW YORK, Aug 26- Oil prices fell almost 2 percent on Wednesday after a huge drawdown in U.S. crude stockpiles was offset by a larger-than-expected build in gasoline and distillates, which include diesel. Gasoline stocks also rose, by 1.7 million barrels versus forecasts for a 1.3 million-barrel drop, the data from the Energy Information Administration showed.

  • Aug 26- Wal-Mart Stores Inc, the top seller of guns and ammunition in the United States, said on Wednesday it will stop carrying the AR-15 and other semi-automatic rifles at its stores due to sluggish demand. A spokesman for the world's largest retailer said the decision was based solely on demand and was not related to recent high-profile incidents involving...

  • Wal-Mart to stop selling AR-15s and similar weapons Wednesday, 26 Aug 2015 | 2:27 PM ET

    LITTLE ROCK, Ark.— Wal-Mart will stop selling the AR-15 rifle and other semi-automatic weapons at its stores because fewer people are buying them, a spokesman said Wednesday. Company spokesman Kory Lundberg said Wal-Mart Stores Inc. will remove the remaining inventory as stores transition from summer to fall merchandise, which should take a week or two to...

  • NEW YORK, Aug 26- Oil prices were mixed in volatile trading on Wednesday after a huge drawdown in U.S. crude stockpiles was countered by a larger-than-expected build in gasoline and distillates, which include diesel. "The products builds are overwhelming the constructive crude draw," said Scott Shelton, commodities specialist at ICAP in Durham, North Carolina.

  • NEW YORK, Aug 26- U.S. crude oil stockpiles fell sharply last week as imports tumbled, while gasoline and distillate inventories rose despite a reduction in refinery runs, data from the Energy Information Administration showed on Wednesday. U.S. crude fell more than 1 percent to below $39 a barrel, nearing the 6-1/ 2- year lows touched earlier this week, and New York...

  • 1st enlisted female sub sailors start training in Groton Wednesday, 26 Aug 2015 | 10:48 AM ET

    The barracks at the Navy base have been reconfigured for privacy, but officials say the first co-ed class of enlisted recruits is not being received differently from any others. The Navy ended a ban on women serving aboard submarines in 2010. It began integrating crews by introducing female officers, who already have been assigned to ballistic-missile and...

  • Eagle Point posts 2Q profit Wednesday, 26 Aug 2015 | 9:33 AM ET

    GREENWICH, Conn. _ Eagle Point Credit Co. on Wednesday reported earnings of $6.4 million in its second quarter. On a per-share basis, the Greenwich, Connecticut- based company said it had profit of 46 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Back from death's door, Resorts casino is now profitable Wednesday, 26 Aug 2015 | 2:14 AM ET

    ATLANTIC CITY, N.J.— As recently as five years ago, Resorts Casino Hotel was near death, struggling to survive against bigger, newer Atlantic City casinos. In December 2009, Resorts' then-owners Colony Capital were within hours of handing over the keys to lenders and walking away from the casino. Months later, veteran casino executive Dennis Gomes and New York real...

  • Urban areas where commuters endure the most extra hours Wednesday, 26 Aug 2015 | 12:01 AM ET

    Traffic congestion nationally reached a new peak last year and is greater than ever before, according to a report by the Texas A&M Transportation Institute and INRIX Inc. Their analysis is based on federal data on the number of cars on the road and on traffic speed data collected by INRIX on 1.3 million miles of urban streets and highways. 1. Washington, D.C.-...

  • Puerto Rico power company drops Petrobras in new deal Tuesday, 25 Aug 2015 | 4:13 PM ET

    SAN JUAN, Puerto Rico— Puerto Rico's heavily indebted power company said Tuesday that it signed a contract to replace Brazilian oil giant Petrobras as the island's main fuel supplier in a bid to save money as a restructuring deadline looms. The Electric Power Authority said the deal with Connecticut- based Freepoint Commodities will help save $25 million the...

  • HARTFORD, Conn.— As the $567 million bus-only corridor between Hartford and New Britain began operating this spring, state officials worked behind the scenes to shape public opinion of the project that has been a lightning rod for criticism because of its cost. The public relations campaign to rally support for the 9.4- mile CTfastrak involved Michael Sanders,...

  • BRIDGEPORT, Conn.— The owner of the Mystic Pizza restaurant made famous in a 1988 film has been sentenced to one year in prison for tax evasion and concealing hundreds of thousands of dollars in income. The U.S. attorney's office says 49- year-old John Zelepos of North Stonington, Connecticut, was sentenced Monday to prison, followed by three years of supervised...