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  • Sept 24- Japan Tobacco Inc is in advanced talks to buy assets worth about $5 billion from Reynolds American Inc, including some of the Natural American Spirit tobacco brand, Bloomberg reported on Thursday. Reynolds American declined to comment while Japan Tobacco could not be immediately reached for a comment outside regular business hours.

  • Yale's endowment posts 11.5 pct returns Thursday, 24 Sep 2015 | 5:47 PM ET

    Sept 24- Yale University's investment return was 11.5 percent for the year ended June 30, valuing its endowment at $25.6 billion, according to a report on the university newsletter. Harvard University's endowment posted a 5.8 percent return in 2015 to hit a record $37.6 billion. Harvard's endowment remains the largest in the world.

  • BUENOS AIRES, Sept 24- An Argentine judge on Thursday lifted his order forbidding Barrick Gold Corp's from pumping cyanide solution for the leaching process in its Veladero mine, saying a leak had not contaminated water in the surrounding area. "The water did not contain cyanide or other contaminating metals, so I decided to lift the cautionary measure," Judge...

  • AMHERST, Mass., Sept 24- Federal Reserve Chair Janet Yellen said on Thursday she expects the U.S. central bank to begin raising interest rates later this year as long as inflation remains stable and the U.S. economy is strong enough to boost employment. "Most FOMC participants, including myself, currently anticipate that achieving these conditions will likely...

  • In a preliminary decision, the U.S. Department of Commerce set anti-subsidy duties on paper from Canada's Port Hawkesbury Paper, after a complaint by U.S.-based Madison Paper Industries of Maine, owned by Finland's UPM-Kymmene Corp, and Verso Corp of Ohio. The U.S. companies argued that Nova Scotia Power, owned by Canadian energy company Emera Inc, provided...

  • Marvell said it would now focus on emerging opportunities in businesses such as automotive and Internet of Things, the concept of connecting household devices to the Internet. Marvell had a total of 7,163 employees at the end of January. Marvell on Sept. 11 disclosed an accounting probe that led to the sharpest drop in the stock in 14 years.

  • WASHINGTON/ DETROIT Sept 24- The confession of cheating that's embroiled Volkswagen AG in one of the biggest scandals in auto industry history came on a cool California morning, on the sidelines of an academic conference focused on green transportation. After more than a year of stonewalling investigators, Volkswagen stunned two senior officials with the...

  • BERLIN, Sept 24- The German government agreed on Thursday to give its 16 regional states around 4 billion euros next year to help them cope with a record influx of refugees that is straining their budgets and resources. German public opinion has been divided on the rising numbers of new arrivals, with some warmly welcoming people fleeing conflict in the Middle...

  • CALGARY, Alberta, Sept 24- The government of the crude-producing province of Alberta does not want to stop the work of an independent environmental agency, the environment minister said on Thursday, but she is still reviewing options for its future as its funding winds down. The agency, the Cumulative Environmental Management Association, was set up in Alberta...

  • SAO PAULO, Sept 24- Transocean Ltd., a top offshore drilling company, has been mentioned in testimony in a corruption investigation focused on Brazil's state-run oil firm Petroleo Brasileiro SA, Brazilian court documents showed. According to court documents made public this week, Musa told prosecutors he began receiving payments in 2012 after Transocean won...

  • NEW YORK, Sept 24- Russia and Kazakhstan raised their gold holdings for a sixth straight month in August, while Jordan and United Arab Emirates both bolstered their reserves in July, according to International Monetary Fund data on Thursday. Russia bought another 29.5 tonnes last month taking its total to 1,317 tonnes, while Kazakhstan added 2.1 tonnes taking...

  • NEW YORK, Sept 24 (Reuters)- At least 27 U.S. state attorneys general on Thursday initiated a multi-state investigation of Volkswagen over its representations to consumers over their diesel vehicles, according to a spokeswoman for Illinois Attorney General Lisa Madigan. News of the subpoena and state attorneys general participating in the group so far comes...

  • Thick-skinned buyers assault China's bad debt mountain Thursday, 24 Sep 2015 | 5:00 PM ET

    SHANGHAI, Sept 25- For years Eric Zhang, a senior partner at Shanghai law firm SG&Co, helped China's biggest bad loan companies arrange settlements with delinquent borrowers. Zhang, whose legal expertise gives him an edge, is currently looking at a loan secured against property near the site for Shanghai Disneyland, joining a growing army of thick-skinned...

  • HONGSEONG, South Korea, Sept 25- Soaring South Korean beef prices should be welcome news for its hard-pressed cattle farmers, but a failure to rebuild herds and customers balking at paying record levels for prized local "Hanwoo" meat mean imports are set to keep pouring in. Overseas purchases by the world's sixth-biggest buyer are at four-year highs and a further...

  • AMHERST, Mass., Sept 24- Federal Reserve Chair Janet Yellen said on Thursday she expects the U.S. central bank to begin raising interest rates later this year as long as inflation remains stable and the U.S. economy is strong enough to boost employment. Yellen, speaking a week after the Fed delayed a long-anticipated rate hike, said she and other Fed policymakers do...

  • NEW YORK, Sept 24- Stocks around the world fell for a fifth day on Thursday, sliding towards two-year lows, as worries lingered over global economic growth and the scandal over Volkswagen's emissions test-cheating rattled Europe's carmakers. Wall Street equity indexes fell in trading clouded by concerns about global growth and ahead of a speech by Federal...

  • NEW YORK, Sept 24- Independent car dealerships sued Volkswagen AG in California on Thursday over losses they say they will incur following revelations that the company fitted some diesel models with software to cheat on U.S. vehicle emissions tests. The proposed class action was filed in California federal court on behalf of independent car dealers in the...

  • NEW YORK, Sept 24- At least 27 U.S. state attorneys general on Thursday initiated a multi-state investigation of Volkswagen over its representations to consumers of its diesel vehicles, according to a spokeswoman for Illinois Attorney General Lisa Madigan. The crisis deepened on Thursday, when Germany's transport minister said Volkswagen had manipulated...

  • NEW YORK, Sept 24- Russia raised its gold holdings by another 29.5 tonnes in August, adding to its reserves for a sixth straight month, while Jordan and United Arab Emirates both emerged as buyers in July, according to International Monetary Fund data on Thursday.

  • RECALL WOULD AIM TO DISBABLE "DEFEAT DEVICE" THAT ENABLED VW CARS TO PASS LAB TESTS- STATE AIR CHIEF.