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  • BRASILIA, Sept 10- One thing is clear for Brazil's economy after its credit rating was downgraded to junk: political leaders now have little choice but to push ahead with painful austerity measures if they hope to regain market confidence. Standard& Poor's on Wednesday stripped Brazil of its hard-won investment grade rating, moving sooner than the government...

  • FDA panel recommends not approving Purdue's painkiller Thursday, 10 Sep 2015 | 4:50 PM ET

    Sept 10- A panel of outside advisers to the U.S. Food and Drug Administration voted against approving Purdue Pharma's experimental fast-acting oxycodone painkiller. The panel voted 23 to 1 against the approval. The recommendation was in-line with comments from the health regulator's staff who expressed concerns over likely errors in administering the...

  • UNITED NATIONS, Sept 10- The United Nations General Assembly on Thursday approved what it described as global "basic principles" for sovereign debt restructuring processes to improve the global financial system, an initiative that was inspired by Argentina's debt crisis. There were 136 votes in favor, six against and 41 abstentions in the vote on the...

  • Sept 10- Apple Inc's financing plan for its new iPhones is likely to force U.S. carriers to work harder to win and retain customers. T-Mobile US Inc was the first carrier to react to Apple's announcement. It is unlikely Verizon and AT&T will change plans anytime soon since a majority of their subscribers are on corporate or family plans, which typically see less...

  • US STOCKS-Wall St bounces back with Apple, biotech Thursday, 10 Sep 2015 | 4:31 PM ET

    *Earnings won't grow as much as expected- David Tepper to CNBC. Apple's shares rose 2.2 percent to $112.57, rebounding from losses the day before when the iPhone and iPad maker unveiled new offerings. Biotech also boosted the market, with Gilead up 3.3 percent at $107.25, giving the second-biggest boost to the S&P 500 and Nasdaq after Apple.

  • NEW YORK, Sept 10- Global equity markets outside the United States fell on Thursday as concerns about the economies of China and Japan added uncertainty to the world growth picture, but Wall Street rose, due in part to a rebound in oil prices. The dollar was down 0.54 percent at 95.486 against a basket of major currencies as investors mulled whether recent...

  • *Traders awaiting updated USDA harvest estimates. Analysts expect the USDA, in the monthly reports, to cut its corn and soybean production and yield projections from August due to unfavorable weather, including hot and dry conditions in parts of the Midwest. "Traders are eagerly awaiting tomorrow's USDA data dump," said Kevin Van Trump, chief executive officer of...

  • Sept 10- U.S. stocks ended higher on Thursday, supported by gains in Apple and biotech shares, but nervousness ahead of a much-anticipated Federal Reserve meeting next week limited the advance.

  • WASHINGTON, Sept 10- Signs of hope are scarce in the Middle East, a region awash in violence, civilians fleeing crumbling states, and economies built largely on oil squeezed by a dive in global prices. But Amos Hochstein, the U.S. energy envoy, sees some long-term potential for natural gas development to help provide economic security from Iraq to the eastern...

  • Sept 10- United Technologies Corp said on Thursday it would operate its Otis elevator and climate controls and security divisions as stand-alone units, the latest organizational shake-up by the U.S. conglomerate under Chief Executive Greg Hayes. The changes come after United Technologies in July cut its 2015 profit outlook for the third time this year, in...

  • TORONTO, Sept 10- Canada's transport regulator has ordered Canadian Pacific Railway Ltd to address a new alleged safety violation after it found the company was not doing a mandatory brake safety test on some of its trains in Western Canada, according to a letter obtained by Reuters. An inspector from Transport Canada told the company in the Sept. 3 letter that it...

  • NEW YORK, Sept 10- Fitch Ratings still sees elements supporting Brazil's investment grade, a senior analyst with the ratings firm said on Thursday, easing market fears the agency could follow Standard& Poor's decision to cut the country to junk. Speaking at a Fitch conference in New York, analyst Shelly Shetty said that Brazil's credit rating is deteriorating...

  • WASHINGTON, Sept 10- A government plan to recall and replace millions of potentially deadly Takata Corp air bag inflators could compel other manufacturers to supply automakers with the safety devices, the top U.S auto safety regulator said on Thursday. Mark Rosekind, who heads the National Highway Traffic Safety Administration, told reporters that his...

  • *New Zealand dollar off as much as 2 pct after rate cut. NEW YORK, Sept 10- The dollar fell on Thursday as global stock markets outside America turned downward and economic data sent contrary signals on whether the U.S. European stocks broke a three-day run of gains with a drop of nearly 1.5 percent following a difficult session in Asia, as data showed a decline in...

  • SAN FRANCISCO, Sept 10- Honda Motor Co Ltd has received a permit from the state of California to drive its autonomous vehicles on public streets, joining companies ranging from Google Inc to Volkswagen AG in testing the fast-growing technology. Other companies already approved include Daimler AG's Mercedes Benz, Tesla Motors Inc, Nissan Motor Co Ltd and BMW AG.

  • *Earnings won't grow as much as expected- David Tepper to CNBC. Apple's shares rose 2.5 percent to $112.91, rebounding from losses the day before when the iPhone and iPad maker unveiled new offerings. Biotech shares also boosted the market, with Gilead up 3.9 percent at $107.83, giving the second-biggest boost to the S&P 500 and Nasdaq after Apple.

  • *Talks with Cerberus Capital, Platinum Equity, others-WSJ. Sept 10- Avon Products Inc, which sells cosmetics door-to-door, is in talks with private equity firms about an investment through a stake sale in the struggling company, the Wall Street Journal reported on Thursday. The company is conducting an auction process for a private investment in public equity...

  • ABIDJAN, Sept 10- The European Union should require companies operating in Africa to disclose the taxes they pay there more transparently, to ensure they contribute fairly to government revenues, French economist Thomas Piketty said on Thursday. But development in Africa remains hobbled by some of the world's lowest rates of tax collection, said Piketty, who...

  • Sept 10- Ellen Pao, the former venture capitalist who lost a high-profile discrimination case against her former employer earlier this year, said on Thursday that she would not pursue an appeal of the court's decision. Her lawsuit against one of the best-known U.S. venture firms, Kleiner Perkins Caufield& Byers, helped spark a wide and ongoing discussion about...

  • The lawsuit was filed in 2013 against the EPA by a number of organizations representing the honey and honey beekeeping industry. The groups specifically challenged EPA approval of insecticides containing sulfoxaflor, saying studies have shown they are highly toxic to honey bees. Dow AgroSciences, a unit of Dow Chemical, first sought EPA approval for...