Tom Corbett took office, amid deep budget-balancing cuts in state aid under Republican-controlled Harrisburg and long-delayed pension obligation payments coming due. The growing disparity that Corbett's successor, Democrat Tom Wolf, will inherit has helped Pennsylvania earn the label in one study as being among the worst states in educational...» Read More
Aug 14- Pershing Square Capital Management LP, the hedge fund firm run by William Ackman, has sued the U.S. government, claiming that its stripping of Fannie Mae's and Freddie Mac's profit illegally short changes investors in the mortgage companies' common stock.
NEW YORK, Aug 14- Coca-Cola Co said Thursday it is making a cash payment of $2.15 billion for a 16.7 percent stake in Monster Beverage Corp as the world's largest soda maker seeks to expand into faster-growing categories such as energy drinks.
SAO PAULO, Aug 14- Brazilian juice maker Cutrale and the Safra Group, a banking and real estate conglomerate, said late on Thursday they were "extremely disappointed" that the board of Chiquita Brands International Inc rejected their takeover offer, adding that they are "considering all alternatives."
*Guinea declares health emergency over virus. CONAKRY, Aug 14- Staff with the World Health Organization battling an Ebola outbreak in West Africa see evidence the numbers of reported cases and deaths vastly underestimates the scale of the outbreak, the U.N. agency said on its website on Thursday.
Aug 14- U.S. supermarket chain Supervalu Inc is investigating a potential data breach that could have affected more than 1,000 of its stores, the Wall Street Journal reported on Thursday, citing people with knowledge of the matter. Supervalu had 3,763 stores as of April, according to a regulatory filing. Supervalu was not immediately available for comment.
SAN FRANCISCO, Aug 14- Samsung Electronics Co Ltd will buy SmartThings, a startup backed by PayPal co-founder Max Levchin that helps connect household devices, one of its largest U.S.-startup acquisitions to date.
SYDNEY, Aug 15- The euro steadied early on Friday, brushing aside soft euro zone inflation and disappointing growth data that kept alive prospects of more stimulus from the European Central Bank. The common currency was little changed at $1.3363, having recovered from a brief dip to $1.3348.
SAN FRANCISCO, Aug 14- A group of ex-gaming industry executives say they can use their design chops to solve a major health challenge: Sick patients neglecting to take their medication and costing employers and insurance providers billions of dollars.
NEW YORK, Aug 14- Puerto Rico's electric power authority, known as PREPA, will pay an interest rate of alternate base rate plus 4 percent under credit agreements with Scotiabank and Citibank, the utility said in a filing on Thursday. PREPA disclosed the rate in a filing on a site of the Municipal Securities Rulemaking Board.
Activist investor Carl Icahn reported a 6.6 percent stake in Gannett on Thursday, a regulatory filing showed.
TORONTO, Aug 14- Canadian coffee and donut chain Tim Hortons, which has offered only one coffee blend in its 50- year history, hopes to lure new coffee drinkers and fend off rivals such as Starbucks Corp and McDonald's Corp with the launch throughout North America of its new dark roast blend.
Aug 14- Top U.S. hedge fund managers did some shopping for shares of discount retailer Dollar General Corp and drug store operator Walgreen Co in the second quarter.
Ambac was also negotiating on behalf of Erste Europäische Pfandbrief-und Kommunalkreditbank AG, the holder of the bonds, and Wells Fargo Bank, the bond trustee and the flagship bank of Wells Fargo& Co. Details of the negotiations are subject to a judicial gag order.
NEW YORK, Aug 14- Activist investor Carl Icahn reported a 6.6 percent stake in Gannett Co on Thursday, saying his firm took the stake on the view that splitting the media company into separate print and broadcast firms could create value, a regulatory filing showed Thursday.
LONDON, Aug 15- The silver market enters a new electronic era in benchmarking on Friday after a regulatory drive for more transparency in price setting brought the 117- year-old silver' fix' to an end. The process will be operated jointly by the Chicago Mercantile Exchange, which provides the platform and algorithm, and administrator Thomson Reuters.
CHICAGO, Aug 14- A research study has shown for the first time that livestock feed can carry a virus that has killed about 13 percent of the U.S. hog herd, the study's lead author said, confirming suspicions among farmers and veterinarians battling outbreaks.
BUENOS AIRES, Aug 14- Argentina branded the hedge funds suing the country over their debt holdings an "international mafia" on Thursday after talks to bring a swift end to its latest default collapsed and sent Argentine bond prices tumbling.
Hedge fund Paulson & Co maintained its stake in the world's biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the second quarter.
SAN FRANCISCO, Aug 14- Ebay Inc's PayPal is in talks with Coinbase Inc and other bitcoin transaction providers to integrate the virtual currency within its Braintree payments system, The Wall Street Journal reported on Thursday. Ebay bought Braintree for $800 million in 2013 to boost PayPal's mobile presence.
SANTIAGO, Aug 14- Chile's central bank cut its benchmark interest rate 25 basis points to 3.50 percent on Thursday despite stubbornly high inflation and left the door open for additional reductions as it looks to boost a quickly stagnating economy. The bank is in an easing cycle and has already reduced the rate from 5.0 percent since last October.