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  • NEW YORK, July 25- A U.S. judge on Monday said Deutsche Bank AG must face part of a lawsuit claiming it deceived investors who bought more than $5.4 billion of preferred securities by concealing its exposure to the fast-deteriorating subprime mortgage market. District Judge Deborah Batts in Manhattan rejected the German bank's bid to dismiss claims with...

  • *Longer-dated yields hold steady on Wall Street losses. NEW YORK, July 25- Short-dated U.S. Longer-dated Treasury yields followed Wall Street stocks lower, with traders wary of possible signals from the Federal Reserve about an interest rate increase later this year following its policy meeting on Tuesday and Wednesday.

  • TORONTO, July 25- Canada will take older tank cars out of crude-by-rail service much earlier than originally planned, its transport minister said on Monday, in the government's latest move to toughen rail safety after a deadly 2013 crash. The decision, which moves Canada's retrofit schedule further ahead of the United States, was partly prompted by a sharp drop...

  • NEW YORK, July 25- A U.S. judge on Monday said Deutsche Bank AG must face part of a lawsuit claiming it deceived investors who bought more than $5.4 billion of preferred securities by concealing its exposure to the fast-deteriorating subprime mortgage market. District Judge Deborah Batts in Manhattan rejected the German bank's bid to dismiss claims with...

  • NEW YORK— A former banana importer already serving a dozen years in prison for distributing drugs has been sentenced in New York to another seven years for stealing $750,000 from his employees' retirement fund. A federal judge called 48- year-old Thomas Hoey Jr.' s conduct "appalling" as he pronounced the sentence Monday. Prosecutors say the Garden City resident...

  • July 25- Canadian organic food company SunOpta Inc, already under pressure from U.S. hedge fund Tourbillon Capital Partners LP, is being prodded by a second activist shareholder to explore the sale of all or part of the company, according to sources familiar with the matter. Canadian hedge fund West Face Capital, which pushed SNC-Lavalin to sell its AltaLink...

  • July 25- Canadian organic food company SunOpta Inc, already under pressure from U.S. hedge fund Tourbillon Capital Partners LP, is being prodded by a second activist shareholder to explore the sale of all or part of the company, according to sources familiar with the matter. Canadian hedge fund West Face Capital, which pushed SNC-Lavalin to sell its AltaLink...

  • NEW YORK/ LONDON, July 25- Gold pared losses on Monday as the dollar and world stock markets turned lower ahead of central bank meetings in the United States and Japan. The world's major economies pledged at a G20 meeting over the weekend, dominated by Britain's vote last month to leave the European Union, to use all policy tools available to boost growth.

  • NEW YORK, July 25- A Long Island banana importer serving prison terms for engaging in a cocaine distribution scheme and beating his girlfriend was sentenced on Monday to another 5-1/ 2 years in custody for stealing from his employees' retirement plan. District Judge Paul Engelmayer in Manhattan following his conviction in March on charges including pension...

  • SAO PAULO, July 25- Aurelius Capital Management LP has contacted bondholders in Oi SA's Netherlands- based units to challenge the basis of a prior restructuring accord that substantially lowered the recovery value of their bonds, seeking to gain clout in Brazil's biggest-ever bankruptcy reorganization. New York- based Aurelius, a distressed debt investment...

  • District Judge Deborah Batts in Manhattan said the plaintiffs may pursue claims with respect to offerings in November 2007 and February 2008, but not with respect to offerings in May 2007, July 2007 and May 2008.

  • NEW YORK, July 25- Global equity markets edged lower on Monday as a 2 percent drop in crude prices weighed on investor sentiment and traders awaited signals of a potential interest rate increase this year from this week's meeting of U.S. "With stocks starting to fall, we are looking at some upward momentum on longer-dated bond prices," said Justin Hoogendoorn, head...

  • NEW YORK, July 25- A federal judge on Monday banned Uber Technologies Inc and its Chief Executive Travis Kalanick from using information from a background check on a passenger bringing a price-fixing lawsuit, saying the investigative firm conducting the probe may have engaged in criminal conduct. District Judge Jed Rakoff in Manhattan also faulted the...

  • NEW YORK, July 25- Winter has come early for U.S. refiners and blenders. The switchover from summer blends, which are more environmentally friendly and costlier to produce, usually happens in August for sale starting on Sept. 15, the date allowed under U.S. government regulations. "Why produce more summer grade right now when you can produce something at a cheaper...

  • TORONTO, July 25- Canada will take older tank cars out of crude-by-rail service much earlier than originally planned, the government said on Monday, in its latest move to toughen rail safety after a deadly 2013 crash. Both types of cars will now be taken out of service by Nov. 1, 2016, said Delphine Denis, a spokeswoman with the office of Transport Minister Marc...

  • NEW YORK, July 25- A federal judge on Monday banned Uber Technologies Inc and its Chief Executive Travis Kalanick from using information obtained in a background check of a plaintiff bringing a price-fixing lawsuit, saying the firm that conducted the investigation engaged in "arguably" criminal conduct. District Judge Jed Rakoff in Manhattan said the firm,...

  • Stocks are ending lower on Wall Street as the market pulls back after a four-week drive that brought it to record highs. Yahoo fell 2.7 percent after Verizon said it would buy Yahoo's internet businesses. Yahoo fell 2 percent in midday trading Monday after Verizon said it would buy Yahoo's internet businesses.

  • NEW YORK— A subway tunnel that was severely damaged by Superstorm Sandy will be closed for 18 months starting January 2019 for repairs, shutting down one of the system's most crowded lines that connects Manhattan with vibrant neighborhoods in Brooklyn, officials said Monday. The Metropolitan Transportation Authority decision means places like...

  • LONDON, July 25- Europe's first regulated bitcoin product- an asset-backed exchange-traded instrument that will invest exclusively in the digital currency- begins trading this week on the Gibraltar Stock Exchange and Germany's Deutsche Boerse. BitcoinETI will be available through regulated brokerages across Europe, and settlement will be handled...

  • SAN FRANCISCO— Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet. "We have enormous respect for what Yahoo has accomplished: this transaction is about unleashing Yahoo's full potential," Armstrong said in a printed statement. Most analysts expect the deal to end the four-year reign of Yahoo's Mayer, who...