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  • Sept 16- Shares of Hewlett-Packard Co rose as much as 5 percent on Wednesday as investors cheered plans for the company's soon-to-be separated but struggling PC and printer business to return more capital to shareholders than many had expected. HP Inc, which will house the PC and printer business when HP is split up on Nov. 1, is expected to generate free cash flow...

  • DETROIT, Sept 16- The proposed labor pact for Fiat Chrysler Automobiles ties U.S. union worker pay to meeting long-term company goals including productivity gains, according to a memo sent to the company's employees on Wednesday from Chief Executive Sergio Marchionne. Fiat Chrysler and the United Auto Workers union on Tuesday reached a tentative deal on a new...

  • Sept 16- Anheuser-Busch InBev has approached rival SABMiller about a takeover that would form a brewing group producing a third of the world's beer. Brahma takes over Antarctica, Brazil's biggest brewery, to create Ambev. Anheuser-Busch InBev approaches SABMiller with proposal that would create merged group with a market value of around $275 billion and...

  • Agony for Wall St. economists, investors as Fed meets Wednesday, 16 Sep 2015 | 2:19 PM ET

    says Citigroup's William Lee, adding that no, his pay will not be cut if he blows the call. Citi goes with a Fed hike and Lee said that investors read research from banks to "stress test" their positions; for that reason, even if he is right that the Fed raises rates but gets the why wrong, "I'm embarrassed. JPMorgan, Societe Generale and Bank of America Merrill Lynch also...

  • Dmitriy Smilianets, 32, pleaded guilty on Wednesday in federal court in Camden, New Jersey, to conspiring to commit wire fraud, three years after his arrest in what authorities say was the largest computer hacking scheme ever prosecuted in the United States. Smilianets, a Moscow resident, made his plea a day after another Russian, Vladimir Drinkman, 34, pleaded...

  • Apple users face issues upgrading to iOS 9 - 9to5Mac Wednesday, 16 Sep 2015 | 2:12 PM ET

    Sept 16- Apple Inc customers were facing issues while upgrading to iOS 9, which was released on Wednesday, technology blog 9 to5Mac reported. The blog posted a screenshot showing an error message that appeared when users tried to install the latest version of the operating system for iPhone, iPad and the iPod touch. Earlier Apple said it won't release watchOS 2,...

  • BOSTON, Sept 16- Two U.S. senators have asked the world's biggest automakers for information on steps they have taken to protect cars from being hacked, as attention on vehicle security has surged following the first car recall over a cyber bug. Democratic Senators Edward Markey and Richard Blumenthal wrote to 18 automakers on Wednesday asking about efforts...

  • Reinsurers call for action at climate change summit Wednesday, 16 Sep 2015 | 1:21 PM ET

    MONACO, Sept 16- Politicians must act to cap global warming when they meet at a United Nations summit at the end of the year as the financial and humanitarian consequences of natural catastrophes become ever clearer, reinsurers meeting at an industry conference said. "Definitely we expect political courage to move in a direction that shows responsibility...

  • *FedEx falls after cutting 2016 profit forecast. Sept 16- Energy stocks lifted Wall Street on Wednesday following a 5 percent jump in oil prices, even as investors braced for the Federal Reserve's decision on an interest rate hike. "The market is getting incrementally more comfortable that if the Fed is going to raise rates it's doing it for the right reasons," said...

  • UPDATE 1-Obama upbeat on prospects for Pacific trade deal Wednesday, 16 Sep 2015 | 1:14 PM ET

    President Barack Obama said on Wednesday he was confident Pacific Rim nations could nail down an agreement on a free-trade pact this year although approval by the U.S. Congress was not guaranteed. Speaking to a group of corporate executives, Obama said trade ministers should have an opportunity to close a deal on the Trans-Pacific Partnership in the next...

  • FRANKFURT, Sept 16- National central banks in the euro zone will now have the power to make announcements about any emergency funding that they provide to their banks, the European Central Bank said on Wednesday. Official announcements about the supply of Emergency Liquidity Assistance, such as in the case of Greek banks, had so far been made by the ECB itself.

  • The Boston- based group clinched a royalty-based financing deal in April valuing the company at $5.5 billion, more than any other unlisted emerging biotechnology business in history. Full results from two of these, showing ITCA 650 to be more effective than Merck's Januvia in controlling blood sugar levels, were presented at the European Association for the...

  • BRUSSELS/ LONDON, Sept 16- Anheuser-Busch InBev has approached rival SABMiller about a takeover that would form a brewing colossus producing a third of the world's beer. A merged group would have a market value of around $275 billion at current prices, and would combine AB InBev's dominance of Latin America with SABMiller's dominance in Africa, both...

  • Andrew Ceresney, the enforcement director for the Securities and Exchange Commission, told a U.S. Senate committee the SEC is refraining from issuing subpoenas to internet service providers in order to obtain emails for active probes. A draft bill in the Senate to update the 1986 privacy law would require civil agencies like the SEC to obtain a warrant in order...

  • NEW YORK, Sept 16- Global stock prices rose for a second day on Wednesday as investors awaited whether the U.S. Brent crude prices in London jumped 4 percent on a drop in U.S. crude inventories in the latest week. "Hopes for a Fed rate hike Thursday grew a bit slimmer after another tame reading of U.S. inflation," said Joe Manimbo, senior market analyst at Western Union...

  • U.S. senators ask automakers for details on cyber security Wednesday, 16 Sep 2015 | 12:42 PM ET

    BOSTON, Sept 16- Two U.S. senators have asked the world's biggest automakers for information on steps they have taken to protect cars from being hacked, as attention on vehicle security has surged following the first car recall over a cyber bug. Democratic Senators Edward Markey and Richard Blumenthal wrote to 18 automakers on Wednesday asking about efforts...

  • European shares end higher led by SABMiller, eyes on Fed Wednesday, 16 Sep 2015 | 12:39 PM ET

    *InBev takeover approach sends SABMiller up 20 pct. MILAN, Sept 16- European shares ended higher for a second session on Wednesday, with M&A hopes sending SABMiller and InBev up sharply, while investors remained cautious ahead of the Federal Reserve's interest rate decision. SABMiller rose 20 percent to a six-month high after the brewing company said rival...

  • Sept 16- U.S. media company Fullscreen said it is working on a premium entertainment service that will feature original shows and exclusive movies. Fullscreen, one of the biggest networks on YouTube, is majority-owned by Otter Media, a joint venture between AT&T Inc and The Chernin Group. The Los Angeles- based company helps video creators with production,...

  • WASHINGTON, Sept 16- President Barack Obama on Wednesday called for vigilance by the U.S. government and business on cybersecurity, saying that the Internet is under threat on several levels. "The vulnerabilities are significant and they're being exploited by not just state actors, but also non-state actors, criminal gangs, at an accelerated pace," he said at a...

  • Cushing draw of nearly 2 mln barrels most in 7 months. Some speculators in oil had bet on a big U.S. draw since Monday, after market intelligence firm Genscape estimated a drawdown of 1.8 million barrels in Cushing. The Cushing draw itself was 1.9 million, the largest since the week ended Aug. 28.