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  • SAN JUAN, Sept 1- Puerto Rico's public utility PREPA and a key bondholder group have reached the framework of a debt restructuring deal that would include a repayment reduction, or a so-called haircut, of up to 15 percent for bondholders, three people close to the talks said. PREPA, buckling under $9 billion in total debt, has been trying to negotiate a restructuring...

  • MANILA, Sept 2- Gold edged lower on Wednesday after a four-day advance that had been fuelled as uncertainty over the fate of China's economy hit global equities. *Spot gold was down 0.3 percent at $1,136.51 an ounce by 0048 GMT, after touching a one-week high of $1,147.16 on Tuesday. *Sustained losses in Asian equities could switch some funds to gold after data...

  • MELBOURNE, Sept 2- London copper resumed its downtrend on Wednesday as sentiment soured towards base metals after world factory activity slowed in August and the International Monetary Fund cut its outlook for global growth. Copper hit its weakest in six years at $4,855 a tonne last Monday. *China's giant manufacturing industry contracted and euro zone and...

  • NEW YORK— Yahoo CEO Marissa Mayer is promising to be away from the job for just a "limited time" when she gives birth to twins later this year, but the development only adds to the uncertainty some investors have long had about Yahoo. Mayer, 40, said Tuesday she and her husband are expecting twin girls in December and she said she plans to work through the pregnancy much...

  • NEW YORK— If you're one of those people who hates missing the end of breakfast hours at McDonald's, hang on just a little longer: the chain says its breakfast menu will be available all day starting Oct. 6. McDonald's is also working to improve its food by toasting buns longer and searing burgers to improve taste, and it's looking for a way to shake up its image.

  • NEW YORK— In a story Aug. 31 about investors selling emerging-market investments, The Associated Press erroneously shortened the name of a fund that tracks commodity producers. NEW YORK— If you think investors in U.S. stocks have had it rough, consider the hapless folks who followed Wall Street's advice to buy emerging-market stocks. China was gobbling up raw...

  • *China factory activity shrinks at fastest pace in 3 years. NEW YORK, Sept 1- World stock indexes and oil prices slumped on Tuesday as weak Chinese data fueled worries about a slowdown in its economy, the world's second biggest, and sparked more market turmoil. The moves followed a stormy week that left investors concerned about further market losses due to slowing...

  • *China's manufacturing sector shrinks; U.S. factory data weak. *Netflix down on report of Apple mulling original shows. Sept 1- Turmoil returned to Wall Street on Tuesday after a brief rest, with renewed concerns about China's economy pushing major indexes down almost 3 percent and intensifying fears of a long-term selloff.

  • NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Valeant Pharmaceuticals International Inc., down $6.55 to $224.05. Whirlpool Corp., down $7.90 to $160.20.

  • said Phil Flynn, energy analyst at the Price Futures Group. " Starting last summer oil began to fall, sliding from near $100 to under $45 in March. U.S. oil production was booming, OPEC nations kept oil flowing and even rising demand wasn't enough to absorb the flood of oil.

  • *Manufacturing expansion slowest since May 2013. WASHINGTON, Sept 1- U.S. factory activity braked to a more than two-year low in August, but sturdy gains in automobile sales and construction spending suggested the economy remained on solid footing. "It suggests that the recent eruption in uncertainty towards Chinese and global growth is beginning to affect U.S....

  • *China factory activity shrinks at fastest pace in 3 years. NEW YORK, Sept 1- World stock indexes and commodities slumped on Tuesday as weak Chinese data revived fears about the effect of China's economic health on the global economy and fueled more market turmoil. The moves followed a stormy week in the markets, when investors became increasingly concerned...

  • Sept 1- A federal appeals court on Tuesday revived three lawsuits in which the City of Miami accused Wells Fargo& Co, Bank of America Corp and Citigroup Inc of predatory mortgage lending to black and Hispanic borrowers. District Judge William Dimitrouleas in Fort Lauderdale, Florida dismissed Miami's lawsuits. "It is clear that the harm the city claims to have...

  • NEW YORK— Energy company ConocoPhillips, which has already cut 1,000 jobs this year, says it will eliminate around 1,810 more positions following a plunge that took oil prices to their lowest levels in years. ConocoPhillips plans to eliminate more than 500 jobs in Houston, where it is based. ConocoPhillips had 18,100 employees on June 30.

  • NEW YORK— MTV boosted the viewership of its annual Video Music Awards, this year hosted by Miley Cyrus, with a little help from its friends. CBS won the week with an average of 5.4 million viewers in prime time. NBC had 5 million, ABC had 3.4 million, Fox had 2.3 million, Univision had 2 million, Telemundo had 1.4 million, ION Television had 1.2 million and the CW had 1.1...

  • NEW YORK— Westport Innovations, the Canadian maker of truck engines that run on natural gas, said Tuesday that it plans to expand into making alternative-fuel engines for cars and construction equipment by buying Fuel Systems Solutions. Shares of Westport Innovations Inc. fell 17 cents, or almost 5 percent, to $3.37 in afternoon trading Tuesday.

  • Sept 1- A federal appeals court on Tuesday revived three lawsuits in which the City of Miami accused Bank of America Corp, Citigroup Inc and Wells Fargo& Co of violating the federal Fair Housing Act by engaging in predatory lending. The 11th U.S. Circuit Court of Appeals said a lower court judge applied too stringent a standard in dismissing the city's claims.

  • *Netflix down on report of Apple mulling original shows. Sept 1- Wall Street slumped more than 2 percent on Tuesday, pushing all three major U.S. indexes into losses for the year after weak data from China added to fears that a slowdown in the world's second-largest economy will constrain global growth. "It's general risk aversion manifesting itself after a really...

  • *China factory activity shrinks at fastest pace in 3 years. NEW YORK, Sept 1- World stock indexes and commodities dropped on Tuesday as weak Chinese data revived fears about the effect of China's economic health on the global economy and fueled more market turmoil. On Tuesday, surveys showed China's manufacturing sector shrinking at its fastest pace in three...

  • *China official PMI at 3- year low; Markit reading at 6-1/ 2 yr low. LONDON, Sept 1- China's giant manufacturing industry contracted and euro zone and U.S. growth eased in August in data published on Tuesday, while the International Monetary Fund cut its forecast for world growth this year. "It's all consistent with a global economy which clearly is struggling to make...