Wires

  • *U.S. presidential debate kicks off at 9:00 p.m. ET. Sept 26- Losses on Wall Street deepened in volatile trading on Monday, as Pfizer led a decline in healthcare stocks and Deutsche Bank pulled financials down, with investors awaiting the first U.S. presidential debate between Hillary Clinton and Donald Trump. Deutsche Bank's U.S-listed shares fell as much as...

  • Sept 26- Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion settlement last week to hold-out creditors of its main operating unit,...

  • ALBANY, N.Y.— A New York City law firm has filed a class-action lawsuit against a plastics manufacturer in an upstate village, claiming it knowingly polluted well water with a toxic chemical used in Teflon coatings. Weitz& Luxembourg, on behalf of four local residents, filed the lawsuit in Rensselaer County Monday against Taconic Plastics of Petersburg.

  • Sept 26- Under fire generic drugmaker Mylan NV reiterated it makes a net profit of $104, after taxes, for a pair of its EpiPen emergency allergy treatment sold in the United States, the company said in a filing on Monday. U.S. lawmakers at the hearing lambasted Mylan Chief Executive Heather Bresch for sharply increasing prices for the treatment to $600 for a pair...

  • WASHINGTON, Sept 26- New U.S. single-family home sales posted their biggest decline in nearly a year in August after soaring to nine-year highs the month before, with analysts saying the trend in sales remains positive. The Commerce Department said on Monday new home sales fell 7.6 percent to a seasonally adjusted annual rate of 609,000 units last month.

  • WASHINGTON, Sept 26- The Federal Reserve will seek significantly more capital from the largest U.S. banks and give some relief to smaller banks as it considers reforms to its annual' stress test,' Fed Governor Daniel Tarullo said on Monday. The reforms will include a new capital' buffer' to better protect the financial system from a shock at the nation's largest...

  • WASHINGTON— The Justice Department on Monday unsealed criminal charges against a China- based company and four Chinese nationals for conspiring to evade U.S. economic sanctions. Also Monday, the Treasury Department blacklisted the same firm, Dandong Hongxiang Industrial Development Company, and individuals. A Treasury Department statement alleged that...

  • LONDON, Sept 26- Hedge fund firm Brevan Howard, one of Europe's largest, will cut its main fund's management fee to zero for new investors, a source close to the matter told Reuters. The $14.5 billion main fund, which has suffered back-to-back annual losses, joins a string of other hedge funds in lowering fees as they battle to woo investors. Multi-manager hedge fund...

  • DETROIT, Sept 26- September U.S. auto sales are forecast to drop nearly 1 percent from a year ago despite a record high for consumer discounts, J.D. Power and LMC Automotive said on Monday. It would be the fifth month in the past seven to show a retail sales decline, J.D. Power and LMC said. September industry incentive spending is tracking at an average $3,923 per new...

  • SAO PAULO, Sept 26- Latin American mostly fell on Monday as traders favored caution following a volatile week and ahead of a widely awaited U.S. presidential debate. But Boston Fed President Eric Rosengren said on Friday he believed rates should rise now, increasing investors' confusion over the outlook for U.S. monetary policy. The November U.S. presidential...

  • An SEC investigation found that Merrill Lynch, Bank of America's retail securities brokerage, caused market disruptions on at least 15 occasions from late 2012 to mid-2014, the agency said in a statement. The SEC said Merrill's conduct violated the market access rule because the firm's internal controls for preventing erroneous trading orders were set at...

  • NEW YORK, Sept 26- Viacom Inc is preparing to go to market this week with a bond offering that is expected to total $1 billion, part of the struggling media company's plan to boost liquidity, three sources told Reuters. Viacom, whose cable television networks include Comedy Central, MTV and Nickelodeon, has seen TV ratings and ad revenue decline.

  • Small businesses would get more information from the government about internet security under a bill that has passed the U.S. House. The Improving Small Business Cyber Security Act of 2016, which now goes to the Senate, calls on the Small Business Administration and Department of Homeland Security to create a strategy to increase business owners' awareness...

  • Sept 26- CLSA analyst Mike Mayo said his support for Wells Fargo& Co Chief Executive John Stumpf was "wavering" following problematic sales tactics that has brought him under fire from U.S. lawmakers. Last week, lawmakers on the U.S. Senate Banking Committee grilled Stumpf about the accounts, with some calling on him to resign and forfeit his earnings and hold other...

  • WASHINGTON, Sept 26- The United States said on Monday it had sanctioned a Chinese industrial machinery and equipment wholesaler, taking a step in tightening the financial noose around North Korea's nuclear program that the company has links with. The U. S Department of Justice said it had filed criminal charges against the Chinese firm and the individuals for...

  • GENEVA, Sept 26- SWIFT, whose messaging network is used by banks to send payment instructions worth trillions of dollars each day, said three clients were hacked over the summer and cyber attacks on banks are set to increase. The theft of $81 million in February from Bangladesh's central bank using SWIFT messages rocked faith in the system whose messages had,...

  • *Only Fitch holds investment grade rating on Turkey. *Some see opportunity given Turkey fundamentals. ISTANBUL/ ANKARA, Sept 26- On the first trading day after Moody's downgraded Turkey's sovereign rating to "junk," the reaction in Istanbul and Ankara was swift and predictable-- stocks and the lira took a beating and policymakers accused the agency of playing...

  • PARIS, Sept 26- Britain appears to be heading for a "hard Brexit" under which links to the European Union would be reduced to little more than trade agreements, Scotland's external affairs minister Fiona Hyslop said on Monday, citing "mood music" from recent talks. The talks are part of efforts to establish a common United Kingdom position for divorce discussions...

  • LONDON, Sept 26- Sterling slipped to a five-week low against the euro on Monday, as lingering worries over the economic impact of Britain's impending exit from the European Union weighed on the currency. Sterling was knocked late on Thursday when British Foreign Secretary Boris Johnson said he expected formal divorce proceedings between Britain and the EU,...

  • WASHINGTON, Sept 26- Democratic Senator Mark Warner on Monday asked the U.S. Securities and Exchange Commission to investigate whether Yahoo and its senior executives fulfilled obligations to inform investors and the public about a hacking attack affecting 500 million user accounts. "Disclosure is the foundation of federal securities laws, and public...