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  • Sept 2- U.S. stocks opened up almost 1 percent on Wednesday, rebounding from steep losses a day earlier, after fresh intervention from China to support its markets helped calm jittery investors and oil prices reversed course to trade higher.

  • Sept 1- Gilead Sciences Inc said on Wednesday its experimental fixed-dose combination treatment for HIV proved as effective in a late-stage study as the company's widely used Truvada combo pill but with significantly less loss of bone mineral density and kidney function. Gilead shares were up 1.6 percent to $102.88 in morning trading on the Nasdaq,...

  • LONDON, Sept 2- Rebekah Brooks, the Rupert Murdoch protegee cleared last year of overseeing widespread phone-hacking by her reporters for tabloid scoops, will return to her old job running News Corp's British newspaper arm next week. Brooks, who was caught up in one of the biggest political scandals to hit Britain in recent years, stood down from her role as chief...

  • BRASILIA, Sept 2- Brazil is likely to halt one of the world's most aggressive rate-hiking cycles on Wednesday, sparing more suffering to a contracting economy despite fears a deepening fiscal crisis could keep inflation high. Still, President Dilma Rousseff's inability to plug a widening fiscal deficit that threatens Brazil's investment-grade rating is...

  • NEWS CORP ANNOUNCES LEADERSHIP CHANGES AT NEWS UK, REBEKAH BROOKS NAMED CHIEF EXECUTIVE OFFICER.

  • NEW YORK, Sept 2- Bond guru Bill Gross, who has long called for the Federal Reserve to raise interest rates, said on Wednesday that U.S. central bankers may have missed their window of opportunity to hike rates earlier this year and doing so now could create "self-inflicted" instability. In his September Investment Outlook report, Gross wrote that his concept of a...

  • *Private employers add 190,000 jobs in August. *Productivity revised up to 3.3 percent rate in Q2. WASHINGTON, Sept 2- U.S. private employers added fewer-than-expected workers in August, but the labor market momentum likely remains strong enough for the Federal Reserve to consider an interest rate hike this year.

  • CAIRO, Sept 2- The discovery of the Zohr natural gas field off Egypt will not undermine private-sector negotiations about buying gas from Israel, Egypt's petroleum minister said, playing down fears that potential deals could be under threat. The find raised concerns in Israel's gas industry that its Leviathan field would lose a deal to supply gas to a liquefied...

  • Sept 2- The U.S. Food and Drug Administration approved Tesaro Inc's treatment for chemotherapy-induced nausea and vomiting in adults, the company said on Wednesday. The drug, known chemically as rolapitant, was approved in combination with other agents to prevent delayed nausea and vomiting associated with some forms of chemotherapy, Tesaro said.

  • Huawei takes aim at Apple, Samsung with Mate S phone Wednesday, 2 Sep 2015 | 9:00 AM ET

    BERLIN, Sept 2- China's Huawei Technologies unveiled a new smartphone on Wednesday, taking aim at the high end of the market, which is dominated by Apple and Samsung Electronics. The Mate S, launched on the sidelines of Europe's biggest consumer electronics show, IFA, in Berlin, has a 5.5- inch display, a 13 mega pixel rear camera and fingerprint security.

  • COLUMN-What is wrong with millennial credit scores Wednesday, 2 Sep 2015 | 9:00 AM ET

    NEW YORK, Sept 2- Millennials get plenty of recognition for frugality and their desire to share everything from cars to clothes, but they also have the lowest average credit score of any generation, according to a new study. "Millennials are misunderstanding, or are simply unaware of, the benefits of credit cards," says Sean McQuay, NerdWallet's resident credit card...

  • UPDATE 1-Brazil's factory output tumbles in July Wednesday, 2 Sep 2015 | 9:00 AM ET

    BRASILIA, Sept 2- Brazilian industrial output sank at a much steeper pace than expected in July, portraying a deeper recession after a string of interest rate increases, tax hikes and spending cuts by President Dilma Rousseff's government. Industrial production in Brazil fell 1.5 percent in July from June, the sharpest rate of decline since the beginning of the...

  • *South Africa facing electricity crunch. JOHANNESBURG, Sept 2- South Africa's future energy mix could have an even higher share of nuclear power than the planned 9,600 megawatts, as it aims to cut reliance on polluting coal-fired power stations, a government official said on Wednesday. South Africa's power utility Eskom relies on coal generation for 90 percent...

  • LONDON, Sept 2- Crude oil prices have been on a rollercoaster over the last four trading sessions that has seen some of the highest volatility in a quarter of a century. The occurrence of three exceptional moves in the space of just four trading sessions underscores changes in oil prices do not follow a normal or Gaussian distribution, named after the 19th century...

  • *Ambarella falls as Q3 revenue forecast misses expectations. *Navistar falls on possibility of SEC lawsuit. Sept 2- U.S. stock futures pared some gains on Wednesday, but kept Wall Street on track to open higher, after weaker-than-expected private U.S. jobs data, raising the odds that the Federal Reserve would not raise interest rates this month.

  • PARIS, Sept 2- France named 37- year-old Myriam El Khomri as its new labour minister on Wednesday, increasing the contingent of women in Prime Minister Manuel Valls' senior team to a majority for the first time. El Khomri, previously a junior minister with responsibility for urban affairs, is seen as close to Valls and President Francois Hollande.

  • U.S. cyber security firm Tanium valued at $3.5 billion Wednesday, 2 Sep 2015 | 8:30 AM ET

    SAN FRANCISCO, Sept 2- Cyber security software firm Tanium has raised $120 million from investment firms as more U.S. federal agencies rely on its technology to fend off attacks from nation-states and hackers, the company announced Wednesday. "They built something which will likely never be built again," said Bryan Taylor, a partner with TPG Capital, a private...

  • U.S. producer Century Aluminum warned last week it would begin shuttering its Hawesville smelter in Kentucky in October "unless the current pricing environment substantially improves". Overshadowed by its announcement on Hawesville was Century's decision in July to dismantle permanently its Ravenswood smelter in West Virginia. The uncomfortable truth...

  • Sept 2- The U.S. Food and Drug Administration approved Tesaro Inc's treatment for chemotherapy-induced nausea and vomiting in adults, the company said on Wednesday. The drug, Rolapitant, was approved to be used along with other agents to prevent delayed nausea and vomiting associated with initial and repeat courses of chemotherapy, Tesaro said.