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  • Aug 26- Presidential candidate Donald Trump on Wednesday said he thought it was "worth the fight" for congressional Republicans to threaten not to raise the U.S. debt limit as a way to pressure the Obama administration to agree to spending cuts. The Treasury Department has said the federal government can stay under its borrowing limit until at least the end of...

  • BNY Mellon said an accounting system it relies on to calculate the prices of clients' mutual funds and exchange traded funds broke down over the weekend just as investors headed into a global market meltdown sparked by fears over the Chinese economy. The system, run by financial software provider SunGard, resumed with limited capacity on Tuesday but was still...

  • MIAMI, Aug 26- A tropical storm watch was extended to the Dominican Republic and the Bahamas on Wednesday as Erika, the fifth named storm of the Atlantic hurricane season, closed in on the Eastern Caribbean and appeared to be heading for Florida, the U.S. National Hurricane Center said. Erika strengthened slightly on Wednesday and could reach hurricane status...

  • NEW YORK, Aug 26- Major U.S. stock exchanges and Barclays Plc on Wednesday won the dismissal of nationwide litigation in which pension funds and other investors accused them of rigging markets to benefit high-frequency traders. The lawsuit accused Barclays and seven exchanges including Nasdaq, Intercontinental Exchange Inc's New York Stock Exchange, BATS...

  • WASHINGTON, Aug 26- The World Trade Organization has ruled against India in a dispute with the United States over its solar power program, Indian business newspaper Mint reported on Wednesday. Mint quoted an unnamed official from the Indian commerce ministry as saying the country planned to appeal the decision, made after the United States complained about...

  • Budget, bonds approved for cash-strapped Chicago schools Wednesday, 26 Aug 2015 | 5:27 PM ET

    CHICAGO, Aug 26- The Chicago Board of Education on Wednesday approved a controversial budget and moved ahead with plans to sell $1 billion of bonds despite the school system's "junk" credit ratings. The spending plan came under attack on Tuesday by government finance watchdog the Civic Federation, which urged the board to reject the budget because it relies on...

  • According to the complaint filed in Los Angeles federal court, carbon monoxide is emitted when drivers leave their vehicles running after taking their electronic key fobs with them, under the mistaken belief that the engines will shut off. The defendants include BMW, including Mini; Daimler's Mercedes Benz; Fiat Chrysler; Ford Motor Co; General Motors Co; and...

  • Aug 26- Presidential candidate Donald Trump on Wednesday said he thought it was "worth the fight" for congressional Republicans to threaten not to raise the U.S. debt limit as a way to pressure the Obama administration to agree to spending cuts. "Honestly there is so much fat in Washington that if you had the right people in there you could cut it," Trump said on...

  • SAFT ON WEALTH-Are hedge funds just pricey and passive? Wednesday, 26 Aug 2015 | 5:11 PM ET

    Aug 26- Investors in hedge funds are likely to be paying for a product more like an index fund than a skill-driven market beater. So finds a new study by Mikhail Tupitsyn and Paul Lajbcygier of Monash University in Australia, who looked at the evidence of 5,580 hedge funds, about half active and half now closed, between 1994 and 2010.. "The question at the heart of this...

  • *Wall Street closes significantly higher after late rally. NEW YORK, Aug 26- Wall Street rebounded sharply on Wednesday after six straight days of large declines caused by China worries, while long-dated bond prices fell after a top Federal Reserve official scaled back expectations of a September rate increase. Bets about the timing of a rate increase was...

  • TORONTO, Aug 26- An economic speech by Canadian Finance Minister Joe Oliver was abruptly canceled on Wednesday after criticism that the Conservative politician's event was to take place at a private men's club in Toronto. Oliver, a high-profile member of Prime Minister Stephen Harper's cabinet, was scheduled to speak on the future of the Canadian economy at...

  • Aug 26- PVH Corp reported better-than-expected quarterly profit and sales, helped by higher demand for clothing and accessories under its Calvin Klein brand in North America and Europe. Shares of the company, which also makes apparel under the Tommy Hilfiger, Van Heusen, Arrow and Speedo brands, rose about 5.5 percent in extended trading on Wednesday.

  • Aug 26- Workday Inc reported a better-than-expected 51.4 percent jump in quarterly revenue, helped by strong growth in subscription to its web-based human resource management software. The company, which counts Coca-Cola Co and Bank of America Corp among its customers, said subscription revenue rose 55.8 percent to $223.7 million in the second quarter, from...

  • Petrobras fuel tank explodes in Brazil, killing two Wednesday, 26 Aug 2015 | 4:42 PM ET

    RIO DE JANEIRO, Aug 26- A heating unit at a Petrobras depot in Brazil used to treat fuel for ocean-going ships exploded on Wednesday, killing two workers, the state-run oil company said in a statement. The blast and resulting fire broke out about 10 a.m. while workers were doing planned maintenance on the heating unit, said the press office of BR Distribuidora SA, the...

  • Aug 26- Tyson Foods Inc, one of the world's largest meat processors, on Wednesday won the reversal of nearly $24 million of damage awards in two class action lawsuits claiming it cheated thousands of hourly workers in two Nebraska plants out of wages. The 8th U.S. Circuit Court of Appeals in St. Louis overturned an $18.77 million award to workers at a Madison,...

  • Aug 26- Wall Street racked up its biggest one-day gain in four years on Wednesday as fears about China's economy gave way to bargain hunters emboldened by expectations the U.S. Led by Silicon Valley stalwarts Apple, Amazon and Google, the surge put the brakes on a six-day losing streak that saw the S&P 500 surrender 11 percent. Some of the late-day rally was driven...

  • The $3.4 million judgment stemmed from a 2007 lawsuit by the SEC against Olins, SpatiaLight and his wholly-owned company Argyle Capital Management Corp.. Among other claims, the SEC contended that Olins and Argyle illegally sold more than 400,000 shares of SpatiaLight stock without disclosing those sales and while making misrepresentations to investors...

  • NEW YORK, Aug 26- Major U.S. stock exchanges and Barclays Plc on Wednesday won the dismissal of nationwide litigation in which pension funds and other investors accused them of rigging markets at their expense to benefit high-frequency traders. The lawsuit accused defendants including Barclays, Nasdaq, Intercontinental Exchange Inc's New York Stock...

  • HR software maker Workday's revenue soars 51.4 pct Wednesday, 26 Aug 2015 | 4:11 PM ET

    Aug 26- Workday Inc reported a 51.4 percent jump in quarterly revenue, helped by strong growth in subscription to its web-based human resource management software. The company's revenue rose to $282.7 million in the second quarter ended July 31, from $186.8 million a year earlier. Net loss widened to $69.4 million from $69.2 million.

  • Aug 26- HotChalk, an educational technology startup, is in talks to raise at least $75 million from private investors, valuing the company at roughly $500 million to $800 million, according to people familiar with the matter. The company, which helps universities and colleges create online degree programs, has hired CitiGroup Inc to assist with the fundraising,...