Wires

  • NEW YORK, Sept 28- Och-Ziff Capital Management Group LLC will pay $400 million and a subsidiary will plead guilty to resolve U.S. probes into its involvement in bribes paid to African officials, two people familiar with the matter said on Wednesday. A spokesman for the Justice Department declined comment while SEC representatives did not immediately respond...

  • TORONTO, Sept 28- Canada's main stock index rose more than one percent on Wednesday as energy stocks soared on a deal by major oil producers to limit output, while the financials and materials groups also gained ground. The OPEC news got investors excited as it will tighten up supply in the oil market, said Manash Goswami, portfolio manager at First Asset...

  • NEW YORK, Sept 28- Citigroup Inc on Wednesday became the last of the big U.S. banks to agree to allow customers to send instant payments by mobile phone over an industry network that is competing with upstart Venmo. Citigroup said in a statement that it will begin offering the service early next year over the clearXchange network. ClearXchange has emerged as the...

  • SAN JOSE, California— HP Inc. has apologized to customers for cutting them off from ink cartridges from other companies and says it will fix the problem. The printer maker had issued a software update that made some of its printers incompatible with competitors' ink cartridges. It says it was trying to protect customers from counterfeit or unauthorized...

  • Nike Inc., down $2.09 to $53.25. Tempur Sealy International Inc., down $16.68 to $57.77. Deutsche Bank AG, up 38 cents to $12.30.

  • BERLIN, Sept 28- The United States on Wednesday began notifying lawmakers that it has approved $7 billion in long-stalled sales of Boeing Co fighter jets to Kuwait and Qatar, and more than $1 billion in Lockheed Martin Corp jets to Bahrain, sources familiar with the decision said. The sales had been pending for more than two years amid concerns raised by Israel,...

  • Sept 28- When I first heard Elon Musk had asked his audience if they were willing to die in a great endeavor, I assumed he was speaking to shareholders. Still, "same difference," as they say back home in Chicago. "The risk of fatality will be high," Musk told a space conference on Tuesday in Guadalajara, Mexico, speaking of a hoped-for SpaceX mission to Mars by 2025. "There's no...

  • WASHINGTON, Sept 28- A cyber security company on Wednesday asserted that the hack of 500 million account credentials from Yahoo was the work of an Eastern European criminal gang, adding another layer of intrigue to a murky investigation into the unprecedented data heist. Arizona- based InfoArmor issued a report whose conclusion challenged Yahoo's position...

  • Sept 28- Swedish music-streaming service provider Spotify is in advanced talks to acquire German rival SoundCloud, the Financial Times reported on Wednesday, citing people briefed on the discussions. SoundCloud's founders and investors were exploring strategic options for the company, including a sale, that could value it at $1 billion, Bloomberg reported...

  • Sept 28- Swedish music-streaming service provider Spotify is in advanced talks to acquire German rival SoundCloud, the Financial Times reported on Wednesday, citing people briefed on the discussions. SoundCloud's founders and investors were exploring strategic options for the company, including a sale, that could value it at $1 billion, Bloomberg reported...

  • Sept 28- YouTube, Google's video streaming service, has hired former Warner Music Group executive Lyor Cohen as its global head of music as it looks to strengthen its relationships with the music industry. The European Commission is also looking at imposing an obligation on platforms hosting user-uploaded content- such as YouTube, Vimeo and DailyMotion- to...

  • Sept 28- Swedish music-streaming service provider Spotify is in advanced talks to acquire German rival SoundCloud, the Financial Times reported on Wednesday, citing people briefed on the discussions. SoundCloud's founders and investors were exploring strategic options for the company, including a sale, that could value it at $1 billion, Bloomberg reported...

  • White House blasts "embarrassing" Senate vote. WASHINGTON, Sept 28- Congress on Wednesday overwhelmingly rejected President Barack Obama's veto of legislation allowing relatives of the victims of the Sept. 11 attacks to sue Saudi Arabia, the first veto override of his presidency, just four months before it ends. The House of Representatives voted 348-77...

  • WASHINGTON— Wells Fargo's CEO, newly stripped of tens of millions in compensation in a scandal over sales practices, will face lawmakers with more defenses than he had in the last round, when some senators called for his resignation. Chief Executive John Stumpf comes into Thursday's hearing before the House Financial Services Committee able to cite the...

  • NEW YORK— Energy companies powered to big gains Wednesday, leading the broader stock market higher, as the price of crude oil surged on news of a deal among OPEC nations to cut production. The Dow Jones industrial average gained 110.94 points, or 0.6 percent, to 18,339.24. The Standard& Poor's 500 index climbed 11.44 points, or 0.5 percent, to 2,171.37.

  • TUNIS, Sept 28- Tunisian Prime Minister Youssef Chahed said on Wednesday he expects economic growth at 3 percent next year, telling state television in an interview that economic reforms would include new corporate taxes and a freeze on public sector wage hikes.

  • HARTFORD, Conn.— The Latest on the Connecticut General Assembly approving a $220 million agreement that will keep Sikorsky Aircraft Corp. in the state.:. The Connecticut General Assembly has given final legislative approval to a $220 million agreement that will keep Sikorsky Aircraft Corp. in the state to produce a new line of heavy cargo helicopters.

  • ST. LOUIS, Sept 28- Investors may be expecting a U.S. interest rate increase in December, but Federal Reserve policymakers remain divided over whether the economy is mired in a rut, strong enough to withstand an immediate hike or hovering somewhere in between. "The low interest rate environment is not just a U.S. phenomenon, or simply a situation engineered by...

  • NEWARK, N.J. _ IDT Corp. on Wednesday reported fiscal fourth-quarter earnings of $11 million. On a per-share basis, the Newark, New Jersey- based company said it had net income of 48 cents. For the year, the company reported profit of $23.5 million, or $1.03 per share.

  • ALGIERS, Algeria— OPEC nations reach preliminary accord to curb oil production to boost prices; 1st time in 8 years.