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  • Sept 22- Patriot Coal said Blackhawk Mining won a bankruptcy auction for the majority of its assets but did not disclose the terms. Lexington, Kentucky- based Blackhawk had agreed to act as the initial, or stalking horse, bidder for Patriot's assets, which include mines in West Virginia and reserves in other states. The sale is subject to approval by the U.S....

  • NEW JERSEY LOCAL FINANCE BOARD APPROVES ATLANTIC CITY 2015 BUDGET WITH NO TAX INCREASES.

  • Sept 22- U.S. state securities regulators ordered wrongdoers to return more than $400 million to investors in 2014, a year marked by ongoing fraud against the elderly, a regulatory group said on Tuesday. Last week the Financial Industry Regulatory Authority's board approved a plan aimed at helping Wall Street brokerages bolster protection from scams for...

  • Sept 22- U.S. federal energy regulators on Tuesday alleged traders at the U.S. arm of French energy company Total SA manipulated the natural gas market in the southwestern United States between June 2009 and June 2012. In recent years, FERC has alleged violations of similar types of loss leader trading manipulation by JPMorgan Chase& Co, which paid $285 million in...

  • NEW YORK, Sept 22- Falling commodities prices and worries about China's economy pulled stocks sharply lower on Tuesday, while bond yields declined and the dollar rose to a two-week high on bets U.S. officials will soon hike interest rates. Wall Street losses neared 2 percent on selling driven by falls in oil and copper, which also helped knock down shares in Europe...

  • Ministers from Germany, France, Italy and Spain agreed that more coordination at EU level are needed to prevent corporations from shifting profits to countries where they pay lower taxes. His call was echoed by his counterparts from Germany, Italy and Spain. The EU is investigating the tax arrangements of Amazon and Fiat in Luxembourg, Apple in Ireland and...

  • SEATTLE, Sept 22- Chinese President Xi Jinping arrived in the Seattle area on Tuesday to kick off a week-long U.S. visit that will include meetings with U.S. business leaders, a black-tie state dinner at the White House hosted by President Barack Obama and an address at the United Nations. U.S. government and business leaders aim to strike a balance between forging...

  • Sept 22- Halliburton Co will pay $18.3 million to more than 1,000 oil and gas workers it improperly exempted from overtime pay, the U.S. Department of Labor said on Tuesday, the latest development in a nationwide probe into wage practices in the industry. The department said Halliburton improperly identified workers in 28 job categories as exempt from overtime...

  • *Sets aside 6.5 bln euros, says amount could rise. BERLIN, Sept 22- Volkswagen AG said a scandal over falsified U.S. vehicle emission tests could affect 11 million of its cars worldwide as investigations of its diesel models multiplied, heaping fresh pressure on CEO Martin Winterkorn. The Tagesspiegel newspaper, citing unidentified sources on Volkswagen's...

  • Trade Representative Michael Froman said on Tuesday that China needs to narrow its list of proposed exceptions to a proposed bilateral investment treaty, a key part of the U.S.- China economic relationship. "China's revised negative list is better than its initial one, and certainly represents serious efforts by senior Chinese leaders, but still we are a...

  • SEATTLE, Sept 22- Boeing Co Chief Executive Dennis Muilenburg said on Tuesday he sees scope for additional 737 work going to China as the company continues to increase production rates of the single-aisle jetliner. "As we ramp up capabilities in China, including additional 737- related work, the actions that we'll take are actions that will also allow us to grow...

  • CHICAGO/ WINNIPEG, Sept 22- This month's pledge by McDonald's Corp to phase out eggs laid by caged hens in its North American restaurants will increase competition for limited supplies of cage-free eggs. The ban, which follows similar moves by Burger King Corp and food services company Sodexo SA, carries higher costs that may, at least initially, sting farmers.

  • WASHINGTON, Sept 22- U.S. Senate Democrats on Tuesday unveiled energy legislation designed to hasten America's adoption of cleaner energy, slash greenhouse gas emissions below the Obama administration's goal, and help their party attract young voters in the 2016 elections. Although the bill has no prospect of passing in a Republican-controlled Congress,...

  • NEW YORK, Sept 22- Circle Internet Financial, a Boston- based bitcoin startup backed by Goldman Sachs Group Inc, has received New York's first BitLicense, allowing it to offer digital currency services in the state. The BitLicense from the New York Department of Financial Services is based on the first set of U.S. state guidelines for companies that operate in...

  • PARIS, Sept 22- France's Constitutional Court upheld a national law that banned one of Uber Technologies' car services that relies on non-professional drivers using their own vehicles, dealing another setback to the company in Europe. Courts in Italy, Spain and Germany have already outlawed UberPOP, siding with taxi companies that argued that the service did...

  • *Copper prices hit 3- week low, oil down about 2 pct. Copper prices hit a three-week low, while oil was down about 2 percent on persistent worries about demand, especially in China. The Fed last week kept rates at near-zero levels, citing the turbulence in a tightly linked global economy, including slowing growth in China.

  • *Commodities pulled down by lingering China growth concerns. NEW YORK, Sept 22- Commodities sank to two-week lows on Tuesday, with copper and industrial metals leading the losses as lingering concerns that slower economic growth in China, the world's top metals, grains and energy consumer, triggered a fresh bout of fund selling. Federal Reserve last week kept...

  • Sept 22- Oilfield services provider Halliburton Co has agreed to pay $18.3 million total to over 1,000 U.S. employees in pending overtime wages, the U.S. Labor Department said.

  • WASHINGTON, Sept 22- The United States will press China during a state visit by President Xi Jinping to avoid "quick fixes" for its economy such as devaluing its currency to boost exports, White House chief economist Jason Furman said on Tuesday. Furman said China's recent loosening of controls on the yuan currency "caused turmoil" in global financial markets and...

  • Sept 22- Bankrupt Patriot Coal Corp asked a U.S. judge to allow it to end its obligation for retiree healthcare for its non-union employees, saying no potential buyer of its assets would agree to take on the cost. "No purchaser of the debtors' assets is willing to assume these obligations," the company said in a filing late Monday with the U.S. Bankruptcy Court in...