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  • NEW YORK, July 31- Puerto Rico on Friday planned to cover a payment due on debt owed by its development bank, a source familiar with the matter said, but the U.S. territory may still be short of the funds needed to pay all of the obligations due on Saturday. But Puerto Rico is expected to default on a $58 million payment on Public Finance Corporation bonds due Saturday...

  • *Second-qtr wage growth slowest in 33 years. July 31- Wall Street rose in early afternoon trading on Friday after an historically weak reading of U.S wage growth lent weight to the view that the U.S. Exxon Mobil shares fell 3.5 percent to $80.12 while Chevron was down 3.9 percent at $89.43 after quarterly profits slumped on falling oil prices.

  • WASHINGTON, July 31- The cybersecurity issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles this month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety regulator said on Friday. Mark Rosekind, who heads the National Transportation Safety Administration, said his watchdog agency is trying to...

  • WASHINGTON, July 31- The U.S. Environmental Protection Agency will unveil as soon as Monday the final version of a sweeping- and controversial- regulation to cut carbon emissions from the electricity sector. Among other things: The EPA is expected to push back the rule's start date by two years to 2022, according to a slide posted by the agency briefly on its...

  • LONDON, July 31- New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all links with his previous employer, one of the world's biggest hedge funds, to avoid "any mistaken impression" of a conflict of interest. Vlieghe had wanted to stay part of a long-term incentive plan at Brevan Howard, where he was a partner, after he joins the BoE's...

  • SAN FRANCISCO, July 31- Uber Technologies Inc is jostling with drivers suing for reimbursement of their expenses in advance of an important hearing next week in the fight over whether drivers are independent contractors or employees entitled to benefits. Three drivers sued Uber in a federal court in San Francisco, contending they are employees and entitled...

  • PARIS, July 31- French President Francois Hollande said on Friday no agreement had been reached yet on the cancellation of a Mistral helicopter carriers deal with Russia and that he would take a decision in the coming weeks. Russian media had reported earlier on Friday that Paris and Moscow had reached a compensation deal for the cancellation of the delivery of...

  • WASHINGTON— The World Trade Organization says China broke global trade rules by failing to comply with an earlier WTO ruling and continuing to impose duties on specialty steel imports. The case dates back to 2010 when China imposed duties on a high-tech specialty steel used in power plants. Despite the ruling, China reintroduced duties on the steel in 2013. The...

  • July 31- Nvidia Corp said it was recalling its Shield 8- inch tablets in the United States as the battery in these devices can overheat, posing a fire hazard. Nvidia, better known for its graphics chips, said it would replace all 83,000 tablets it sold in the United States since the product's launch in July 2014. Nvidia did not disclose Shield tablet sales in other...

  • ATHENS, July 31- Greece's stock market will reopen on Monday after a five-week shutdown caused by capital controls, but local investors will face restrictions aimed at averting capital outflows, a bourse spokeswoman said on Friday. The Athens Stock Exchange has been shut since June 29, when the government closed banks and imposed strict limits on withdrawals...

  • The surprisingly smaller rise reported by the Labor Department on Friday did little to temper expectations that the Federal Reserve is set to raise interest rates later this year. This is precisely how the Fed will interpret this report, even if the numbers here are atrocious, "said Eric Green, chief economist at TD Securities in New York. The Employment Cost...

  • FRANKFURT, July 31- Deutsche Bank is freezing 2015 cash bonuses for current and former management board members while German regulator BaFin reviews the bank's role in an interest rate manipulation scandal, two people familiar with the matter said. Deutsche Bank has been hit with over 9 billion euros in fines and settlements in the past three years, including a...

  • *Oil weighed by bearish Reuters July survey on OPEC oil. NEW YORK, July 31- Oil prices fell on Friday, with U.S. crude set to post the largest monthly drop since the 2008 financial crisis, after signs that top producers in the Middle East were continuing to pump at record levels despite a growing global gut. July's losses came on the back of a stock market tumble in top...

  • GENEVA, July 31- China failed to comply with a World Trade Organization ruling that found its tariffs on a type of speciality steel products breached global trade rules, a WTO panel said in a ruling on Friday. The ruling noted, however, that China had stopped applying the tariffs in April, while the WTO hearings were going on, more than four and a half years after the...

  • DOVER, Del.— A Delaware judge has given a lender 60 days to buy the former presidential yacht Sequoia from its current owners. It was the official yacht for presidents from Herbert Hoover through Jimmy Carter. Because of a loan default by Sequoia Presidential Yacht Group, lender FE Partners LLC can exercise an option to purchase the yacht for $7.8 million, minus...

  • ALBANY, N.Y.— The five companies picked to grow and dispense medical marijuana in New York include one run by a Minnesota physician, three with dispensaries in other states and another with a personal connection to those the state's new program aims to help. Grow centers are planned for Queens, Orange, Monroe, Fulton and Warren counties. "We are ready to go," said...

  • LONDON, July 31- Steep falls in emerging market currencies have jolted central bankers across the developing world into action to try and stem the weakness. A JPMorgan index tracking 22 emerging market currencies traded at a record low 71.3 on Friday, and with the U.S. "Central bankers in emerging markets are finally waking up to the fact their currencies may test...

  • PORTSMOUTH, N.H.— The wrongful death suit filed by the family of a Newington man who died in a keg explosion at Redhook Ale Brewery has reached a $1.2 million settlement. The Portsmouth Herald reports 26- year-old Benjamin Harris died in April 2012 while pressurizing a plastic beer keg with air at the Portsmouth brewery. The suit was brought against Plastic Kegs,...

  • CHICAGO, July 31- CBOE Holdings Inc, operator of the largest U.S. stock options market, reported stronger-than-expected quarterly earnings and revenue on Friday due to increased transaction fees and regulatory fines imposed against customers. The average revenue per contract rose 14 percent to 36.8 cents from a year earlier as clients shifted to more...

  • NEW YORK— HanesBrands fell further than any other stock on the Standard& Poor's index Friday after it reported disappointing sales and declining profit. At the time HanesBrands thought that change was temporary, but now believes those changes to be permanent. After the market closed on Thursday, Hanesbrands reported net income of $94.9 million, down from...