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  • But with China now in a slump and the value of its currency the most recent casualty, Otis and other manufacturing companies staking much on Asia's biggest economy now face a moment of reckoning. After saying for years that increased urbanization would propel growth in China, parent company United Technologies Corp., based in Hartford, cut its expected revenue...

  • "We saw strange things in the data," said Chris Barnes, a former swaps trader now with ClarusFT, a London- based data firm. The missing transactions reflected an effort by some of the largest U.S. banks- including Goldman Sachs, JP Morgan Chase, Citigroup, Bank of America, and Morgan Stanley- to get around new regulations on derivatives enacted in the wake of the financial...

  • WRAPUP 4-U.S. consumer prices up slightly, airfare weighs Wednesday, 19 Aug 2015 | 5:27 PM ET

    WASHINGTON, Aug 19- U.S. consumer prices rose only slightly in July as airline fares recorded their biggest drop since 1995, but tame inflation pressures will probably not discourage the Federal Reserve from raising interest rates this year. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month, with gasoline and food...

  • NEW YORK, Aug 19- The dollar fell on Wednesday as investors positioned for a U.S. interest rate hike in September pulled back after minutes from a Federal Reserve policymakers meeting delivered no solid signals on when the era of near-zero rates will end. "These minutes don't give a clear view in either direction about September, about whether or not the Fed is more...

  • WRAPUP 2-Airline fares dampen U.S. consumer prices in July Wednesday, 19 Aug 2015 | 12:30 PM ET

    WASHINGTON, Aug 19- U.S. consumer prices rose only slightly in July as airline fares recorded their biggest drop since 1995, but tame inflation will probably not discourage the Federal Reserve from raising interest rates this year amid signs of an improving economy. They just need to have reasonable confidence it will return to mandate, "said Michelle Girard,...

  • WASHINGTON, Aug 19- U.S. consumer prices rose slightly in July, but a solid increase in the cost of shelter suggested inflation was probably stabilizing enough to support expectations the Federal Reserve will raise interest rates this year. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month as gasoline and food...

  • NEW YORK, Aug 17- The dollar advanced on Monday, rising against a basket of currencies for a third straight session, as traders focused on potential U.S. interest rate hikes and shook off worries about a China- led "currency war." "Since China circled the wagons around its currency and restored some stability to its own markets, the market has defaulted to the Fed story...

  • NEW YORK, Aug 17- The dollar advanced on Monday, rising against a basket of currencies for the third straight session, as traders focused on potential U.S. interest rate hikes and shook off worries about a China- led "currency war." "Since China circled the wagons around its currency and restored some stability to its own markets, the market has defaulted to the Fed...

  • *North Dakota crude production rises in June. "Producers don't seem to want to blink," said Gene McGillian, senior analyst at Tradition Energy in Stamford, Connecticut, commenting on the North Dakota data. September crude was up 21 cents at $42.44 a barrel at 11:55 a.m. EDT, after reaching $42.96 and having fallen to $41.35, the lowest front-month price since March...

  • FDA approves OxyContin for children 11 and older Friday, 14 Aug 2015 | 7:51 AM ET

    The agency approved the powerful painkiller OxyContin for a new use in children 11 to 16 who are suffering from severe, long-term pain.

  • Aug 13- Uber Technologies Inc on Thursday won the dismissal of a racketeering lawsuit by 15 Connecticut taxi and limousine companies seeking to stop the ride-sharing company from doing business in the state. He said this was because it was only recently that Connecticut's legislature even asked the state's Department of Transportation to consider whether...

  • Aug 13- Uber Technologies Inc on Thursday won the dismissal of a racketeering lawsuit by 15 Connecticut taxi and limousine companies seeking to stop the ride-sharing company from doing business in the state. District Judge Alvin Thompson in Hartford, Connecticut said the plaintiffs failed to show that Uber competed unfairly, tried to lure away their drivers,...

  • *Cisco up after strong results, boosts S&P, Nasdaq. Aug 13- U.S. stocks finished flat on Thursday as a drop in energy shares offset a rebound in retail sales and stronger-than-expected Cisco results. Obviously, that's created a lot of uncertainty and people are not sure how this is going to play out, "said Michael O'Rourke, chief market strategist at JonesTrading in...

  • *All-stock merger, Terex shareholders to get 60 pct. HELSINKI, Aug 11- U.S. cranes and mining equipment maker Terex and Finnish rival Konecranes have agreed an all-share merger, hoping a combined $10 billion in annual revenues will help them better cope with cooling Chinese and weak European demand. Terex shareholders will own 60 percent of the enlarged company,...

  • Treasuries prices fell on Monday, weighed down by equities rallies on Wall Street and elsewhere as investors bet on possible new policy stimulus to battle China's stock slump and readied for sales of new U.S. government debt. Coming off a seven-session losing streak, U.S. stock prices rose more than 1 percent on news of a $37.2 billion acquisition by Berkshire...

  • Treasuries prices fell on Monday, weighed down by equities rallies on Wall Street and elsewhere as investors eyed possible new policy stimulus to battle China's stock slump and readied for sales of new U.S. government debt. Coming off a seven-session losing streak, U.S. stock prices were up 1 percent on news of a $37.2 billion acquisition by Berkshire Hathaway...

  • *Nvidia hits four-month high after revenue beats estimates. Wall Street took the latest signs of an improving economy as a fresh reason to sell shares in a market that has remained range-bound for much of 2015 in anticipation of the Fed's first rate hike in nearly 10 years. U.S. overnight indexed swap rates rose after the jobs data, suggesting traders were pricing...

  • *Nvidia hits 4- month high after revenue beats estimates. U.S. overnight indexed swap rates rose after the latest jobs data, suggesting traders were pricing a 52 percent chance that rates would be raised in September rather than December, up from 47 percent prior to the data, according to John Briggs, head of cross-asset strategy at RBS Securities Inc in Stamford,...

  • *Nvidia touches four-month high after revenue beats estimates. Wall Street took a dim view of the report as a stop to easy money will increase borrowing costs for companies. U.S. overnight indexed swap rates rose after the latest jobs data, suggesting traders were pricing a 52 percent chance that rates would be raised in September, up from 47 percent prior to the...

  • *Average hourly earnings rise 5 cents; work week up. WASHINGTON, Aug 7- U.S. employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that opened the door wider to a Federal Reserve interest rate increase in September. Nonfarm payrolls increased 215,000 last month as a pickup in construction...