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  • Aug 27- Heavy machinery manufacturer Caterpillar Inc said it plans a new round of layoffs to cut costs as declining revenues from global mining and construction activities erodes its bottom line. Caterpillar has let go about 4,800 employees over the past year and has cut 20,000 full-time employees worldwide since 2012, more than 10 percent of its global...

  • WASHINGTON— China is exporting something new to the world economy: Fear. And they're fast losing confidence that China's policymakers, seemingly so sure-footed in the past, know how to solve the problem. The free-fall in the stock markets, in the words of David Kelly, chief global strategist at JP Morgan Funds, is "Made in China."

  • 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...

  • More signs global commodity slowdown's here to stay Wednesday, 19 Aug 2015 | 10:15 AM ET
    Traders at the New York Mercantile Exchange.

    The news in the commodities business is not showing any signs of improving following Glencore's report of a first-half loss.

  • Traders work on the floor of the New York Stock Exchange.

    Stocks pared gains and closed mostly lower on Thursday.

  • HONG KONG, Aug 12- Asian stocks and emerging currencies tumbled on Wednesday and commodities fell after China allowed the yuan to fall sharply for a second straight day, forcing investors to seek refuge in safe-haven government debt. On Wednesday, the People's Bank of China set its midpoint rate weaker than Tuesday's closing market rate, which had already...

  • TOKYO, Aug 12- Asian stocks and commodities extended losses on Wednesday, feeling the aftershocks of China's surprise devaluation of the yuan, which hit U.S. equities overnight and pushed down already-weak emerging currencies. Taking early cues from Wall Street's overnight slide, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2...

  • *Commodities fall as China's cheaper yuan boosts U.S. dollar. Aug 11- U.S. stocks declined broadly on Tuesday as China's devaluation of its yuan currency hit companies with a big exposure to the world's No. 2 economy and added to worries about the global economic outlook. Among other companies with big exposure to China, Caterpillar was down 2.6 percent at $78.04...

  • US STOCKS-Wall St falls after China devaluation Tuesday, 11 Aug 2015 | 4:41 PM ET

    Aug 11- U.S. stocks declined on Tuesday as China's surprise devaluation of the yuan currency hit companies with a big exposure to the country and added to worries about the global economic outlook. Among other companies with a big exposure to China, Caterpillar was down 2.6 percent at $78.04. Yum Brands fell 4.9 percent to $83.54.

  • SAN FRANCISCO, Aug 11- China's 2 percent devaluation of the yuan hit global equities and U.S. oil prices on Tuesday with investors fearing a new currency war as well as declining Chinese economic momentum. Wall Street ended lower as investors contemplated the implications of a move designed to support China's slowing economy and exports.

  • Insider ring accused of making $100M on news hack Tuesday, 11 Aug 2015 | 4:07 PM ET
    U.S. Securities and Exchange Commission Chairman Mary Jo White.

    Five people were arrested and are in custody, charged in an insider trading scheme that generated more than $30 million in profits, the FBI said.

  • *Ukraine computer hackers stole corporate information. NEW YORK, Aug 11- An alliance of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years after stealing confidential corporate press releases, U.S. authorities said on Tuesday. Prosecutors said that hackers based in Ukraine...

  • Trader on the floor of the New York Stock Exchange.

    U.S. stocks declined about 1 percent after a surprising move overnight by the People's Bank of China to depreciate the yuan by nearly 2 percent.

  • *Stocks fall in Asia, Europe, United States. NEW YORK, Aug 11- China's 2 percent devaluation of the yuan on Tuesday pushed the U.S. dollar higher and hit Wall Street and other global equity markets as it raised fears of a new round of currency wars and fed worries about slowing Chinese economic growth. U.S. stock indexes slumped more than 1 percent and stocks also fell in...

  • 5 ways China's devaluation could shake the markets Tuesday, 11 Aug 2015 | 2:52 PM ET
    A teller counts yuan banknotes in a bank in Lianyungang, China, August 11, 2015.

    The 2 percent drop in the yuan's value has broad implications for the commodities market and global trade. Here are the spillover effects.

  • *Ukraine computer hackers stole corporate information. NEW YORK, Aug 11- An alliance of U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years after stealing confidential corporate press releases, U.S. authorities said on Tuesday. Prosecutors said that hackers based in Ukraine infiltrated...

  • *China uncertainty weighs on Apple, GM, Caterpillar. Aug 11- All three major U.S. stock indexes were down more than 1 percent on Tuesday for the first time in over a month as China's surprise devaluation of the yuan stoked fears about the health of the economy and pressured commodity-related stocks. The yuan fell to its lowest against the dollar in almost three years...

  • *Stocks fall in Asia, Europe and US. NEW YORK, Aug 11- China's 2.0 percent devaluation of the yuan on Tuesday pushed the U.S. dollar higher and hit equity markets worldwide as it raised the prospect of a new round of currency wars and fed worries about slowing Chinese economic growth. Stocks fell in Asia, Europe and the Americas, as investors worried about the...

  • Prosecutors in Brooklyn, New York made public an insider trading indictment charging four traders: Vitaly Korchevsky, a former hedge fund manager from Glen Mills, Pennsylvania; Vladislav Khalupsky, of Brooklyn and Odessa, Ukraine and Leonid Momotok, of and Alexander Garkusha of Georgia. An separate indictment made public in New Jersey charges Ivan Turchynov...

  • *China uncertainty weighs on Apple stock. Aug 11- U.S. stocks fell in early trading on Tuesday in a broad-based retreat as China's surprise devaluation of the yuan pushed the dollar higher and pressured commodity-related shares. Exxon Mobil's 1.8 percent drop was the biggest drag on the energy index and Freeport-McMoRan's 12.5 percent slump dragged on the...