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Top News & Analysis United States

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  • Sept 4- A district court judge has asked Credit Suisse Group AG to pay $287.5 million in damages to an affiliate of Highland Capital Management, as part of a long drawn breach of contract case. The damages are related to the event in which the Zurich- based bank was found to have used inflated appraisals to convince an affiliate of Highland Capital Management in...

  • NEW YORK— A Latvian computer code writer who helped create a virus that spread to more than a million computers worldwide and corrupted some at NASA may be returning home soon after pleading guilty to a federal charge on Friday. Deniss Calovskis, soft-spoken and bespectacled, pleaded guilty in Manhattan to conspiring to commit computer intrusion.

  • ANKARA- German Finance Minister Wolfgang Schaeuble and European Central Bank Governing Council member Jens Weidmann hold a press conference at G20 meeting- 0500 GMT. SYDNEY- Reserve Bank of Australia head of financial stability department Luci Ellis speaks at the University of New South Wales Real Estate Symposium 2015 on "Property Markets and Financial...

  • SAN JUAN, Sept 4- Republican presidential candidate Marco Rubio told residents of Puerto Rico on Friday the island needed new political leadership as it grapples with its fiscal crisis, but protection under bankruptcy laws would not solve the U.S. territory's problems. Clinton, who won the most Democratic delegates in Puerto Rico during her failed 2008...

  • If Congress does not pass reforms by Sept. 15, the IMF board has said it will discuss an "interim solution" by month's end. Rakesh Mohan, the IMF's executive director for Bangladesh, Bhutan, India and Sri Lanka, told Reuters: "There's more and more likelihood that something like that will happen." "This is a signal to the administration and to Congress that the world is...

  • BOSTON, Sept 4- Proxy adviser Institutional Shareholder Services on Friday recommended Bank of America shareholders vote to strip Chief Executive Brian Moynihan of his additional title of chairman, joining a chorus of critics ahead of a Sept. 22 shareholder meeting on the matter. The Charlotte, North Carolina- based bank, which named Moynihan chairman in 2014,...

  • NEW YORK, Sept 4- Crude futures fell about 2 percent on Friday as traders shrugged off a drop in the number of U.S. rigs drilling for oil and focused instead on a supply glut and declining stock prices on Wall Street. "I get the feeling the longs do not want to wait out the three-day weekend," said Tariq Zahir, a trader in crude oil spreads at Tyche Capital Advisors in Laurel...

  • Sept 4- Bertelsmann SE& Co KGaA, Europe's largest media group, is close to acquiring a minority stake in learning technology firm HotChalk, according to people familiar with the matter, as the educational technology sector continues to grow. Bertelsmann is leading a funding round that could value the Campbell, California- based company at $600 million to $800...

  • Sept 4- Bertelsmann SE& Co KGaA, Europe's largest media group, is close to acquiring a minority stake in learning technology firm HotChalk, according to people familiar with the matter, as the educational technology sector continues to grow. Bertelsmann is leading a funding round that could value the Campbell, California- based company at $600 million to $800...

  • NEW YORK, Sept 4- Stocks on major markets fell on Friday, closing out another tough week for equity markets, after the monthly U.S. employment report failed to provide a clear signal on the likelihood of the first Federal Reserve interest rate rise for nearly a decade later this month. "Regardless of the global dislocation for equities, investors still seem to be...

  • NEW YORK, Sept 4- Nomura Holdings Inc and Royal Bank of Scotland Group Plc have agreed to pay up to $33 million on top of $806 million that a U.S. judge ordered them to pay for making false statements in selling mortgage-backed securities. The agreement with the Federal Housing Finance Agency was disclosed in court papers filed on Friday in Manhattan federal court...

  • NEW YORK— Canadian energy and services company Emera said Friday it will buy Teco Energy, an electric and gas utility that does business in Florida and New Mexico, for about $6.48 billion. Emera Inc. said it will pay $27.55 per share of Teco Energy, a premium of about 31 percent over Friday's closing stock price. Emera, based in Halifax, Nova Scotia, has investments...

  • Rubio, a U.S. senator from Florida, spoke to what was seemingly a mostly Republican crowd, in a hot and packed restaurant. "I believe the Puerto Rico government has the ability to solve its own issues," Rubio, a Cuban-American, said in Spanish. Puerto Rico Governor Alejandro Garcia Padilla said in June that the U.S. territory could not afford to pay its debts, totaling $72...

  • Private equity firm Apax Parners LLP, the owner of One Call Care, plans to submit a binding offer later this month to Helios' owners, buyout firms Kelso& Company and Stone Point Capital LLC, the people said this week. Apax faces competition for Helios from other private equity firms, including Hellman& Friedman LLC and TPG Capital LP, the people added, asking not to be...

  • GREENWICH, Conn. _ Urstadt Biddle Properties Inc. on Friday reported a key measure of profitability in its fiscal third quarter. The Greenwich, Connecticut- based real estate investment trust said it had funds from operations of $10.8 million, or 32 cents per share, in the period. The company said it had net income of $4.9 million, or 14 cents per share.

  • GREENWICH, Conn. _ Urstadt Biddle Properties Inc. on Friday reported a key measure of profitability in its fiscal third quarter. The real estate investment trust, based in Greenwich, Connecticut, said it had funds from operations of $10.8 million, or 32 cents per share, in the period. The company said it had net income of $4.9 million, or 14 cents per share.

  • *Caterpillar falls after broker downgrade. *Microsoft drags down S&P 500. It was an okay jobs report, but there's worry about China going into the weekend, "said John Augustine, chief investment officer, Huntington Trust in Columbus, Ohio.

  • NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Vince Holding Corp., down $4.03 to $5.24. Gap Inc., down 60 cents to $32.41.

  • It filed for an IPO that was valued at up to $100 million, according to a form filed Friday with the Securities and Exchange Commission. The $100 million figure is an estimate used for the purpose of calculating a filing fee. McGraw-Hill Education lost $330.7 million last year as it invested $150 million in digital learning, and plans to spend another $175 million...

  • WASHINGTON— Figures on government spending and debt.