Wires

  • BEIJING, Oct 1- China's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power. Republican presidential nominee Donald Trump has said he will formally label China a currency manipulator if he wins November's election.

  • *China corn prices have dropped more than 20 pct in past year. *China government has not responded to request for comment. BEIJING, Sept 30- China has given approval to at least two companies to export corn, trading sources said, in a radical move by the world's No. 2 producer to cut its ballooning surplus and unleash more supply into a saturated global market.

  • VOLKSWAGEN CONFIRMS IT WILL NOT SELL ANY DIESEL VEHICLES IN THE UNITED STATES UNTIL LATE 2017 AT EARLIEST: COURT DOCUMENTS.

  • WASHINGTON, Sept 30- Volkswagen AG confirmed late Friday it will make $1.21 billion in payments to 652 U.S. brand dealers as part of its $16.5 billion diesel emissions settlement to date. VW's dealers will receive an average of $1.85 million each on average over 18 months under the settlement that was first announced in principle in August.

  • KINGSTON, Jamaica, Sept 30- Hurricane Matthew strengthened on Friday into the Caribbean's first major hurricane in four years as it moved towards Jamaica and Cuba with winds of up to 140 miles per hour powerful enough to wreck houses, forecasters said. It is forecast to make landfall as a major storm on Monday on Jamaica's palm-fringed southern coast, home to...

  • JUSTICE DEPARTMENT, FEDERAL TRADE COMMISSION ASK FEDERAL JUDGE TO GRANT FINAL APPROVAL TO $14.7 BILLION DIESEL EMISSIONS SETTLEMENT: COURT DOCUMENTS.

  • VW BRAND DEALERS TO RECEIVE AVERAGE SETTLEMENT OF $1.85 MLN EACH, VW TO PAY OVER 18 MONTHS- COURT DOCUMENTS.

  • Sept 30- Accounting software maker BlackLine Inc filed for an initial public offering with U.S. securities regulators on Friday, looking to ride on the recent success of technology offerings in a relatively quiet year for IPOs. Los Angeles- based BlackLine, founded in 2001 by Chief Executive Therese Tucker, counts Coca-Cola Co, Under Armour and Dow Chemical Co...

  • WASHINGTON— GlaxoSmithKline PLC has agreed to pay $20 million to resolve U.S. regulators' allegations that the pharmaceutical giant's China operations bribed officials to boost drug sales. The SEC said that between 2010 and 2013, employees of GSK's China- based subsidiary and a joint venture in the country channeled money and gifts to officials, including...

  • The FAA does a lengthy review of all airlines every five years but moved up its inspection of Allegiant by two years after an aborted takeoff, a plane that nearly ran out of fuel, and other events. Allegiant declined to publicly release its response to the FAA. A spokesman for the FAA, Ian Gregor, said the agency received Allegiant's response and found it sufficient.

  • NEW YORK, Sept 30- Puerto Rico's newly created federal oversight board set an Oct. 14 deadline for the island's governor to draft a fiscal turnaround plan on Friday, as its first public meeting was disrupted by angry protesters. The board asked Governor Alejandro Garcia Padilla to present a plan laying out his vision for stabilizing Puerto Rico, which is...

  • LONDON, Sept 30- British controls on immigration following the country's referendum decision to leave the European Union must not be damaging for the economy, finance minister Philip Hammond was quoted as saying in the Daily Telegraph story on Friday. "The message that I want to send to business is that whatever solution we end up, whatever control powers we have...

  • The stake would make the consortium the third largest shareholder in SeaWorld, according to Thomson Reuters Data. SeaWorld, which operates marine parks in San Diego, Orlando and San Antonio, faced criticism after the release of the 2013 documentary "Blackfish," which depicted the captivity and public exhibition of killer whales as inherently cruel.

  • Activist investor Starboard Value LP in April called on Depomed to explore a sale after disclosing a stake of close to 10 percent. The ruling prevents Actavis, Alkem Laboratories Ltd and Roxane Laboratories Inc from selling generic versions of Nucynta until 2025, the company said. Sales of Nucynta, which Depomed acquired in early 2015 from Janssen...

  • SAO PAULO, Sept 30- Latin American currencies strengthened on Friday on reports Deutsche Bank is close to reaching an accord with U.S. officials to settle charges related to its sale of toxic mortgage bonds before the financial crisis. Concerns over the financial health of Germany's largest bank sent investors scurrying for safer assets earlier this week.

  • NEW YORK, Sept 30- Deutsche Bank will likely cast a pall over equity markets next week as the largest German lender navigates a possible multi-billion dollar settlement with the U.S. Department of Justice over the sale of mortgage-backed bonds. "While it is in the headlines, it is an overhang," said Art Hogan, chief market strategist at Wunderlich Securities in New...

  • NEW YORK— Starting Wednesday, J.C. Penney Co. says it will be offering refunds to shoppers who purchased certain towels and a comforter set though it still is unable to figure out whether they're actual knockoffs. Penney's move marks the latest chapter in a controversy that has caught other major retailers like Target, Bed Bath& Beyond, and Wal-Mart over whether...

  • TORONTO, Sept 30- Canada's main stock index fell on Friday as this week's rally in energy stocks paused and gold stocks retreated as concerns about the health of Germany's biggest bank eased. The Toronto Stock Exchange's S&P/TSX composite index ended down 28.57 points, or 0.19 percent, at 14,725.98. "We are seeing industrial stocks in both Canada and the U.S. being...

  • CHICAGO, Sept 30- Wells Fargo& Co faces possible bans from doing business with the city of Chicago and the state of Illinois in the wake of its sales scandal that erupted earlier this month. Illinois Treasurer Michael Frerichs set a Monday news conference to announce "plans to suspend billions of dollars in investment activity with Wells Fargo," according to an...