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...

  • VANCOUVER, British Columbia _ Cardero Resource Corp. on Wednesday reported a loss of $213,000 in its fiscal third quarter. On a per-share basis, the Vancouver, British Columbia- based company said it had a loss of 1 cent. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Findings that the biggest changes were in the Upper Mississippi Valley, northern Great Plains and New England could help focus resources in dealing with a changing climate, said Stacey Archfield, a U.S. Geological Survey hydrologist and one of the study's authors. In weighing the impact climate change is having on flooding, researchers from the Geological...

  • VW BRAND CHIEF: VW GROUP MAY CONTINUE OFFERING DIESELS IN THE U.S.

  • VW BRAND CHIEF DIESS: NO FINAL DECISION ON WHICH DIESEL MODELS WILL BE OFFERED IN THE UNITED STATES AFTER 2020.

  • DETROIT, Sept 28- Auto industry consultancy Kelley Blue Book said on Wednesday that it expected that September U.S. auto sales fell 2 percent from a year ago, at 1.41 million vehicles, for a seasonally adjusted annualized rate of 17.4 million vehicles.

  • NEW YORK— Cosi, the restaurant chain known for its flatbread sandwiches, says it filed for Chapter 11 bankruptcy protection and is seeking to sell itself to its lenders. The company has closed 29 stores, but says the remaining 76 Cosi restaurants will remain open as it goes through the bankruptcy process. In court documents, Boston- based Cosi Inc. says it has...

  • WASHINGTON, Sept 28- The U.S. 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 eight-year presidency. The House of Representatives voted 348-76 against the veto, just hours after the Senate rejected it 97-1,...

  • NEW YORK, Sept 28- Oil prices rallied on Wednesday after OPEC members reached an agreement on a production-limiting deal, boosting energy sector shares. Norway, although not an OPEC member, is a major crude producer. The move in oil boosted shares in the energy sector of the S&P 500, giving direction to Wall Street indexes that had previously see-sawed near the...

  • 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. In a deal expected to be announced on Thursday, the largest publicly traded U.S. hedge fund firm will enter a deferred...

  • MEXICO CITY, Sept 28- Mexican national oil company Pemex is about to execute a debt management deal in international markets to improve the firm's finances, Pemex Chief Financial Officer Juan Pablo Newman said on Wednesday. At the end of the second quarter of this year, Pemex reported total debt of almost $185 billion. The company posted losses of nearly $7.7...

  • WASHINGTON, Sept 28- The U.S. Senate approved a stop-gap funding bill to avert a looming federal government shutdown on Wednesday, after Republicans and Democrats agreed to help Flint, Michigan, resolve its drinking water crisis. Democrats in the Senate and House had vowed to oppose the CR until Republicans agreed to an aid package for Flint, a city of more than...

  • OPEC production in August was 33.24 million barrels a day, it said in its monthly oil market report. One source also said that once production targets were reached, OPEC would reach out to non- OPEC producers for cooperation. *Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce "at maximum levels that make sense"...

  • In a model for how it plans to keep BlackBerry-branded handsets in the market, the company said it had signed a deal with Indonesia's BB Merah Putih to manufacture, distribute and promote new devices in that country, its largest handset market. BlackBerry said it was in late-stage discussions for a similar deal in China and working on several India initiatives.

  • US SENATE VOTES 72-26 TO PASS STOP-GAP FUNDING BILL AVERTING FEDERAL GOV'T SHUTDOWN; SENDS MEASURE TO HOUSE.

  • WASHINGTON— The United States isn't exactly the economic doormat Donald Trump decries in his campaign rhetoric. But the facts don't bear out Trump's assertion that the United States has become a global weakling, an economic pushover exploited by its competitors. China comes in 28th, Japan sixth and Germany fourth.

  • TORONTO, Sept 28- Bombardier Inc is starting to look at its options for a new aerospace program now that its CSeries commercial plane is complete, but no decisions have been made, its chief executive said on Wednesday. Chief Executive Alain Bellemare said he did not know yet whether Bombardier would invest in commercial or business aircraft, but the company is...

  • NEW YORK, Sept 28- U.S. long-dated Treasury debt yields edged higher on Wednesday, boosted by a Reuters report that OPEC has reached a deal to limit oil production, with the agreement to be implemented in November. According to sources, OPEC agreed to limit oil output to 32.5 million barrels per day. "You're not going to add risk in this kind of environment," said Jim...

  • OCH-ZIFF CAPITAL MANAGEMENT TO PAY $400 MILLION, SUBSIDIARY TO PLEAD GUILTY TO RESOLVE U.S.

  • FUNDING BILL TO AVERT FEDERAL GOV'T SHUTDOWN RECEIVES ENOUGH SENATE VOTES FOR PASSAGE; VOTING CONTINUES.