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  • *Market rebounds on cut in China rates, reserve requirements. NEW YORK, Aug 25- Markets rebounded on Tuesday with world stocks, oil prices and bond yields all rising after China cut interest rates and banks' reserve requirements in a bid to kick-start its wavering economic growth. The dollar turned around Tuesday to rise 1.2 percent against a basket of major...

  • *China cuts interest rate for second time in two months. Investors snapped up beaten-down stocks from the opening bell but caution set in by early afternoon amid lingering concerns that a slowdown in China could hobble global growth. "They are trying to figure out what the slowdown in China means to the global economy," he said.

  • Magistrate Judge Jeremiah Lynch for arraignment in Missoula. Federal prosecutors accuse Canadadrugs.com, its CEO Kristjan Thorkelson and its affiliated companies and associates of selling $78 million in prescription drugs, primarily cancer treatment drugs, to U.S. doctors. "Canada Drugs purchased its inventory from questionable sources and ultimately...

  • DC regulators reject proposed merger of Exelon, Pepco Tuesday, 25 Aug 2015 | 12:34 PM ET

    WASHINGTON— Regulators in the District of Columbia rejected the proposed merger of power companies Exelon and Pepco on Tuesday, saying the deal would not benefit ratepayers. Chicago- based Exelon announced in April of 2014 that it was buying Washington, D.C.- based Pepco Holdings Inc. for $6.8 billion. "We found no benefit to District ratepayers in a new...

  • BP restarts part of Indiana oil refinery after repairs Tuesday, 25 Aug 2015 | 12:02 PM ET

    SOUTH BEND, Ind.— A large Indiana oil refinery whose unplanned shutdown for repairs earlier this month caused gasoline prices in the Great Lakes region to spike restarted Tuesday, leading experts to predict a quick drop in prices. AAA Hoosier Motor Club reports gas prices hit a high of $2.976 in Indiana for self-serve regular unleaded on Aug. 16 in Indiana.

  • *USDA corn, soybean conditions match expectations. WINNIPEG, Manitoba, Aug 25- U.S. soybeans rebounded on Tuesday off a more than six-year low, helped by China's decision to cut interest rates, although fears of a cooling economy in the world's largest buyer of the oilseed kept gains in check. Bargain buying and a bounce in other commodities, such as crude oil, nudged...

  • Grain higher, livestock higher Tuesday, 25 Aug 2015 | 10:27 AM ET

    CHICAGO— Grain futures were higher in early trading Tuesday on the Chicago Board of Trade. Wheat for December delivery gained 2.50 cent to $5.1040 a bushel; December corn was. 50 cent higher at $3.8120 a bushel; December oats was 2.50 cents higher at 2.2340 a bushel; while November soybeans gained 5.50 cents to 8.7960 a bushel. October live cattle was. 20 cent higher...

  • *Best Buy to sell Apple Watch in 900 stores starting Sept. 4. Aug 25- Best Buy Co Inc, the biggest U.S. electronics chain, reported an unexpected increase in quarterly sales and said it expected consumer spending to remain strong this quarter, sending its shares up nearly 15 percent. Chief Financial Officer Sharon McCollam said the financial markets' recent...

  • US home prices rise steadily in June as sales pick up Tuesday, 25 Aug 2015 | 9:06 AM ET

    Prices rose 10.2 percent in Denver, 9.5 percent in San Francisco and 8.2 percent in Dallas. Chicago posted the smallest gain, just 1.4 percent. The National Association of Realtors said last week that sales of existing homes rose 2 percent in July to a seasonally adjusted annual rate of 5.59 million, the fastest pace since February 2007.

  • GRAINS-Soybeans extend gains after China cuts rates Tuesday, 25 Aug 2015 | 7:15 AM ET

    *Soybeans extend gains to 1.3 pct after China cuts rates. *USDA leaves condition of soybean, corn crop unchanged. Wheat gained 1 percent despite the U.S. Department of Agriculture pegging the progress of the spring wheat harvest above market expectations.

  • The new executive, Lynn Pendergrass, previously held senior positions at Johnson& Johnson, Hewlett-Packard Co and General Electric Co, Sears said in a statement on Monday. Given her background promoting big global brands, the Pendergrass appointment could signal that Sears wants to look at expanding sales of Kenmore, Diehard and Craftsman products outside...

  • CHICAGO, Aug 24- Visa Inc said on Monday online shoppers using its payment service are 17 percentage points more likely to complete their purchases than those using PayPal. Visa Checkout, which allows shoppers to store their payment information without having to re-enter it every time they make a purchase online, said 66 percent of its enrolled customers...

  • District Judge Rudolph Randa in Milwaukee that it lacked jurisdiction to hear former CEO Laurie Bebo's constitutional challenge to the SEC administrative case against her until the regulator's proceedings have concluded. SEC spokesman John Nester declined to comment. They have halted SEC administrative proceedings on the grounds that the appointment...

  • LOUISVILLE, Ky.— Spirits company Beam Suntory has won another round in fighting off lawsuits accusing its classic Kentucky bourbon brands of false advertising for claiming the products are handcrafted.'. In the company's latest victory, a federal judge in California dismissed a suit aimed at whiskey giant Jim Beam. Plaintiff Scott Welk said he was enticed into...

  • NEW YORK, Aug 24- Confidence among affluent investors was already slipping before the stock market rout in China sent U.S. markets plunging last week and on Monday, according to a monthly index calculated by Spectrem Group, a Chicago- based research company. Based on past trends, even if markets come roaring back, investor confidence is likely to lag for months, said...

  • *Corn, wheat futures advance into positive territory. CHICAGO, Aug 24- U.S. soybean futures dropped to their lowest levels in over six years on Monday and soyoil touched a nine-year low as concerns about China's faltering economy fueled selloffs in commodities and equities markets. Soybeans have dropped in six out of the last seven sessions on worries that signs...

  • NEW YORK and CHICAGO, Aug 24- U.S.-based Monsanto Co sweetened its offer to buy Switzerland's Syngenta AG, valuing the company at around $47 billion as it tries to lure the Swiss firm to the negotiating table, a person familiar with the matter said on Monday. Monsanto, which wants to combine its world-leading seeds business with Syngenta's own seeds and...

  • SEC spokesman John Nester declined to comment. They have halted SEC administrative proceedings on the grounds that the appointment of judges who handle them is likely unconstitutional. The SEC has pursued more enforcement cases in-house rather than in federal court, using authority it obtained through the 2010 Dodd-Frank law.

  • DES MOINES, Iowa— Among the top concerns about a proposed oil pipeline across Iowa is whether a private company should be able to access private land for its construction, according to a state board that says it's received roughly 3,700 objections to the project. Among the top objections, the board said, was the request for eminent domain rights by Dakota Access...

  • CHICAGO, Aug 24- U.S. soybean futures pared losses and briefly traded higher on Monday after dropping to six-year lows as concerns about the faltering economy in top-importer China fueled deep sell-offs in commodities and equities. Broad selling pressure sank commodities and equities in early trading as investors rushed for the exits after China shares...