SHANGHAI, Dec 1- China stocks posted modest gains on Tuesday, as persistent signs of weakness in the economy and liquidity concerns reined in any feel-good mood generated by the International Monetary Fund's decision to grant the yuan reserve currency status. "Theoretically, the move would make yuan assets more attractive to global investors over the long...» Read More
IRVINE, Calif.-- Edwards Lifesciences Corp. shares fell nearly 16 percent in after-hours trading Monday following a disappointing third-quarter revenue forecast Monday, including weak sales of its Sapien heart valve. Edwards said government austerity measures hurt its revenue from Europe while U.S. sales are constrained by Medicare coverage issues.
LUXEMBOURG-- Portugal's international creditors have agreed to give the country the next slice of its rescue loans, worth 4.3 billion, according to a European Union diplomat.
REDWOOD SHARES, Calif.-- Saba Software Inc. said Monday that it has been notified that it is at risk of being delisted from the Nasdaq Stock Market because it has not filed its fiscal third- and fourth-quarter reports and will not file its first-quarter report on time.
_ Netflix Inc.' s stock surged 10.5 percent after an analyst sought to ease investor fears that the online subscription service will face intensifying completion from Amazon.com. _ Shares of Glu Mobile Inc. got a boost after the mobile game developer said it signed a gambling deal with Probability PLC.
ATLANTA-- Oxford Industries Inc. said Monday that J. Hicks Lanier, CEO of the clothing company, is retiring at the end of the year. Oxford said that Thomas Chubb III, president and a current member of the board, has been named CEO and president of the company beginning Jan. 1. Oxford, based in Atlanta, owns clothing brands such as Tommy Bahama and Lilly Pulitzer.
WEAK ASIA: The World Bank warned that a "more pronounced slowdown" is possible in China. MOVERS: Navistar rose $1.60 to $22.81 after the truck and engine maker said it will add two board members associated with activist investors, heading off a proxy battle.
LUXEMBOURG-- A European Union diplomat says Portugal's international creditors have agreed to give the country the next slice of its rescue loans, worth 4.3 billion. The decision was widely expected, even though Portugal has said it would miss the targets laid out in exchange for the 78 billion bailout.
NEW YORK-- Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:. Green Dot Corp., down $2.60 at $10.25. Shares of the prepaid card seller fell after Wal-Mart Stores Inc. and American Express said they will team up to make a rival card.
SAN FRANCISCO-- A California judge has approved a request to suspend public hearings and hold closed-door negotiations on fines to be levied after a deadly natural gas pipeline explosion in a Northern California neighborhood.
NEW YORK-- American Airlines' CEO acknowledges that passengers have had a rough few weeks on the airline but says the carrier is working through its issues. "The operational performance is improving," CEO Tom Horton said in an interview with The Associated Press on Monday. " In that same period Delta, Southwest and U.S. Airways were all above 85 percent.
ECONOMIC DRIFTS: Most commodity prices fell after a forecast of slower growth in China ramped up concerns about the global economy. GLOBAL GLOOM: The World Bank cut its growth forecast for China, citing weak global demand. Meanwhile, European finance ministers met as unrest continued in Greece and Spain over austerity cuts.
HALF MOON BAY, Calif.-- A grower from Oregon is the winner of this year's Half Moon Bay giant pumpkin contest with a gourd weighing in at 1,775 pounds. Forty-five-year-old Thad Starr from Pleasant Hill, Ore., set a contest record with his pumpkin Monday, beating last year's winner by 71 pounds.
TALLAHASSEE, Fla.-- A state-created fund that backs up private insurers in Florida could fall short of the money it needs to pay off hurricane insurance claims if a major storm were to pound the state. Florida created a special fund after Hurricane Andrew caused widespread damage 20 years ago.
SAN ANTONIO-- Cracker Barrel is in an extended fight with its biggest shareholder, Sardar Biglari. In a public letter to Cracker Barrel Old Country Store Inc. on Monday, Biglari, said the restaurant was being misleading when, in a letter to shareholders last week, it referred to chairman-elect Jim Bradford as "a former NYSE company CEO."
NEW YORK-- Fitch Ratings has put Ocwen Financial Corp. on watch for a possible downgrade after the company announced plans to buy Homeward Residential Holdings Inc.. Ocwen is paying $588 million in cash and $162 million in convertible preferred stock for Homeward. Shares of Atlanta- based Ocwen fell 47 cents, or 1.3 percent, to close at $36.28 Monday.
BISMARCK, N.D.-- The tax director of North Dakota's Three Affiliated Tribes says the tribe should get a bigger share of tax revenue from oil that's produced on the reservation. The Fort Berthold reservation is in the heart of North Dakota's booming oil country.
Prices for a wide range of commodities fell Monday after a new forecast of slower growth in China ramped up worries about the global economy. The World Bank's lowered expectation for China was one of three issues that prompted investors to sell riskier assets on a day when volumes were light because of the Columbus Day holiday.
The ruling reverses a lower court's dismissal of Buffalo victim Daniel Williams' complaint. Williams claimed Ohio gun maker Hi-Point and distributor MKS Supply intentionally supplied handguns to irresponsible dealers for profit.
SEATTLE-- Alaska Airlines has fixed the computer problem that delayed flights Monday across its 64- airport network on the West Coast and in Mexico and Canada, and operations slowly were returning to normal. Alaska Airlines said the data connection was restored before 1 p.m. but passengers could still expect some delays as the system adjusted.
Activists joined current and retired Atlanta police Monday for a demonstration and discussion at the home of retired Atlanta police Det. Jaqueline Barber in Fayetteville, south of the city. Representatives of Minneapolis- based U.S. Bank, which is involved in the foreclosure proceedings, did not return phone calls and emails from The Associated Press.