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  • Tuesday's ruling stems from a legal battle between the SEC and George Jarkesy, Jr., a hedge fund manager sued by the SEC in 2013 over allegations of fraud. An SEC judge found him liable in the case, and he appealed the decision to the agency. Jarkesy sought to have the case terminated in a federal district court, arguing that the SEC's home court infringed upon his...

  • TORONTO, Sept 29- Hudson's Bay Co plans to eliminate 265 corporate jobs, mostly in the United States, and cut costs to save C $75 million as it streamlines its North American operations, the department store operator said on Tuesday. Hudson's Bay, which also owns the Lord& Taylor banner in the United States, bought the Saks luxury chain in 2013 for $2.4 billion.

  • The S&P 500 recovered after falling earlier to within 0.26 percent of lows it touched in August, when fears of a slowdown in China shocked global markets. A retest is a good thing but it needs to hold, "said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin. Seven of the 10 S&P sectors rose, with the healthcare index up 0.9...

  • WASHINGTON, Sept 29- U.S. lawmakers unveiled a compromise version of the annual $612 billion defense authorization bill on Tuesday, but the measure includes provisions such as the use of war funds to avoid budget restrictions that could prompt a veto by President Barack Obama. The proposed National Defense Authorization Act also tightens restrictions on...

  • NEW YORK, Sept 29- A U.S. judge revoked bail on Tuesday for the aide to a billionaire Macau real estate developer who together are charged with lying about why they brought $4.5 million in cash into the United States over the last two years. Jeff Yin, an assistant to Ng Lap Seng, had been set to be released on a $1 million bond and be placed under home confinement at his...

  • *Glencore shares bounce in London after plunge in Hong Kong. *Platinum falls to lowest level since December 2008. The S&P is getting ready to test the August low, "said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin.

  • ComScore to buy viewership rating provider Rentrak Tuesday, 29 Sep 2015 | 4:16 PM ET

    Sept 29- Data analytics provider ComScore Inc said it would buy viewership rating provider Rentrak Corp in an all-stock deal. Rentrak will merge into a wholly-owned subsidiary of ComScore, and each share of Rentrak will be converted into the right to receive 1.15 shares of ComScore. After the deal closes, ComScore shareholders will own about 66.5 percent of the...

  • Sept 29- Microsoft Corp joined Amazon.com Inc and Intel Corp in tweaking the way it reports results, a move that will help the software giant show off its growing cloud and mobile businesses. Since taking over as chief in early 2014, Satya Nadella has led Microsoft's efforts to focus on software and cloud services as demand for its Windows operating system slows.

  • NEW YORK, Sept 29- U.S. "There's a lot of concern about commodities and the Fed, but everyone's got their eye on how global markets are trading first," said Justin Lederer, a Treasury analyst at Cantor Fitzgerald in New York. In afternoon U.S. trading, 10- year Treasuries were up 10/ 32 in price to yield 2.057 percent, the lowest since August 26.

  • NEW YORK, Sept 29- The Dow and S&P 500 ended slightly higher after a volatile session on Tuesday, though concerns about the health of the global economy kept investors cautious after more than month of turbulence.

  • Sept 29- Twitter is finally waking up to the idea that some things just cannot be summed up in 140 characters. The micro-blogging website operator is working on a new product that will allow users to share tweets longer than 140 characters, technology website Re/code reported on Tuesday. The move comes at a time when Twitter, under the stewardship of co-founder...

  • UPDATE 10-Oil jumps 2 pct ahead of U.S. storage data Tuesday, 29 Sep 2015 | 3:50 PM ET

    NEW YORK, Sept 29- Oil settled up almost 2 percent on Tuesday as some traders expected U.S. crude inventories to have dropped in the latest week even as others bet on a stockpile build. Expectations that industry group American Petroleum Institute will report an inventory drop for the week ended Sept. 25 in its weekly report at 4:30 p.m. EDT had bolstered the...

  • SANTIAGO, Sept 29- Chile's second-biggest copper mine Collahuasi, owned by Anglo American Plc and Glencore Plc, is planning to cut output by 30,000 tonnes, and with dozens of jobs on the line the mine's union said it is mulling how it will protest the move. The company did not state how many, but Collahuasi union leader Jose Vergara told Reuters that the company had...

  • U.S. Congress defense bill compromise faces challenges Tuesday, 29 Sep 2015 | 3:46 PM ET

    The proposed National Defense Authorization Act also tightens restrictions on closing the detention center at the Guantanamo Bay base in Cuba and authorizes the provision of defensive weapons to Ukraine.

  • NEW YORK, Sept 29- Powerful Senate Finance Committee Chairman Orrin Hatch on Tuesday warned there could be no help for Puerto Rico without better financial disclosure, while expressing doubts about extending bankruptcy protection for the indebted island and questioning the idea of imposing a financial control board. Puerto Rico, in recession for nearly a...

  • WASHINGTON, Sept 29- Two months after receiving a record $105 million fine for lapses in U.S. auto safety recalls, Fiat Chrysler Automobiles NV on Tuesday revealed problems with safety data that could lead to additional financial penalties for the Italian-U.S. automaker. Fiat Chrysler said it was investigating discrepancies in early warning reports that...

  • The U.S. Securities and Exchange Commission also said it sued a former financial adviser at UBS Financial Services Inc of Puerto Rico, claiming he misled investors who bought $50 million of shares in the funds, which invested heavily in Puerto Rico municipal bonds. SEC said it will collect $15 million in disgorgement, interest and penalties from UBS of Puerto...

  • US STOCKS-Wall St turns lower as global worries weigh Tuesday, 29 Sep 2015 | 3:21 PM ET

    Sept 29- U.S. stocks moved lower on Tuesday as concerns about the health of the global economy kept investors cautious after more than month of turbulence. A rebound in healthcare stocks lost some steam in afternoon trading, but the sector looked set to snap a seven-day losing streak, providing a degree of succor to traders worried about a China- led global...

  • WASHINGTON, Sept 29- The top U.S. intelligence official on Tuesday said he was skeptical that a new cyber U.S.- China cyber agreement would slow a growing torrent of cyber attacks on U.S. computer networks, and said his approach will be to "trust but verify." Clapper and other officials said they viewed last week's cyber agreement between China and the United States...

  • LONDON, Sept 29- Bank of England Governor Mark Carney said on Tuesday that companies must be more open about their "climate change footprint" to avoid abrupt changes in asset prices that could destabilise markets. "Risks to financial stability will be minimised if the transition begins early and follows a predictable path," Carney told a Lloyd's of London...