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  • WASHINGTON, Sept 1- Senate Majority Leader Mitch McConnell undercut threats by fellow Republicans to hold the budget process hostage in an effort to defund Planned Parenthood, saying conservatives do not have enough support in Congress to cut off the group, which is under fire from abortion opponents. Republicans have threatened to push for cutting off the...

  • ABUJA, Nigeria— An official of the Nigerian National Petroleum Corporation says the organization will deploy drones across the territorial waters of Africa's largest oil producer to help curb the rampant oil theft. The organization's Managing Director Ibe Kachikwu said Tuesday in a statement that the corporation was launching an "armada of approaches"...

  • LONDON, Sept 1- European insurers' assets under management jumped 9.4 percent to 9.9 trillion euros in 2014 from a year earlier, trade body Insurance Europe said on Tuesday, mainly driven by increased investment by life insurers. European gross written premiums rose by 3.7 percent to 1.2 trillion euros, Insurance Europe said in a statement, with life insurance...

  • *Looser lending rules seen as challenge to World Bank, ADB. *World Bank, ADB, play down talk of rivalry with newcomer. BEIJING, Sept 2- China's new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance.

  • NEW YORK— If you're one of those people who hates missing the end of breakfast hours at McDonald's, hang on just a little longer: the chain says its breakfast menu will be available all day starting Oct. 6. McDonald's is also working to improve its food by toasting buns longer and searing burgers to improve taste, and it's looking for a way to shake up its image.

  • NEW YORK— In a story Aug. 31 about investors selling emerging-market investments, The Associated Press erroneously shortened the name of a fund that tracks commodity producers. NEW YORK— If you think investors in U.S. stocks have had it rough, consider the hapless folks who followed Wall Street's advice to buy emerging-market stocks. China was gobbling up raw...

  • SAO PAULO— Police on Tuesday asked prosecutors to file charges against Brazil's former presidential chief of staff, Jose Dirceu, for alleged involvement in the massive corruption scheme at state-owned oil company Petrobras. Dirceu is the most senior member of the ruling Workers' Party to be taken into custody in connection with the scheme.

  • TORONTO, Sept 1- A healthy appetite for light trucks pushed auto sales in Canada to a monthly record in August, with Fiat Chrysler Automobiles nudging out Ford Motor Co as the top seller, according to data released on Thursday. General Motors Co's sales, meanwhile, jumped a healthy 12 percent. GM sold 24,653 cars and trucks in Canada, up from 22,111 a year earlier, as...

  • Three drivers sued Uber in a federal court in San Francisco, contending they are employees and entitled to reimbursement for expenses, including gas and vehicle maintenance. District Judge Edward Chen in San Francisco said drivers could sue as a group on the question of whether they are employees or contractors, and over their demand for payment of tips that...

  • *China manufacturing contracts at fastest in 3 years- PMI. "It was primarily the China fear factor," Carsten Fritsch at Commerzbank in Frankfurt told the Reuters Global Oil Forum. And an OPEC magazine commentary that some traders interpreted on Monday as signaling a possible subtle policy shift was nothing of the sort, OPEC insiders said.

  • Sept 1- Amgen Inc said its experimental bone drug was found to be more effective than an already marketed drug in a late-stage study. Amgen's drug, romosozumab, met the main goal of showing a significant difference over Eli Lilly& Co's teriparatide in improving total hip bone density by the 12th month in postmenopausal women with osteoporosis.

  • WASHINGTON/ NEW YORK, Sept 1- Kmart Corp has paid $1.4 million to settle U.S. allegations that it violated the federal False Claims Act by inducing Medicare beneficiaries to fill prescriptions at its pharmacies, the Department of Justice said on Tuesday. The government said the accord resolves allegations that Kmart, a unit of Sears Holdings Corp, let...

  • *China factory activity shrinks at fastest pace in 3 years. NEW YORK, Sept 1- World stock indexes and oil prices slumped on Tuesday as weak Chinese data fueled worries about a slowdown in its economy, the world's second biggest, and sparked more market turmoil. The moves followed a stormy week that left investors concerned about further market losses due to slowing...

  • Automakers reported U.S. sales for August on Tuesday.

  • CALGARY, Sept 1- Nexen Energy, the Canadian subsidiary of Chinese state-owned CNOOC Ltd, is shutting down its Long Lake oil sands operations in northern Alberta in response to an emergency regulatory order, a company spokeswoman said on Tuesday. The provincial regulator ordered Nexen to shut in 95 pipelines at the Long Lake facility last Friday as part of an...

  • TORONTO, Sept 1- Canada's main stock index fell 2.7 percent on Tuesday, in a broad retreat led by financial and energy stocks as oil prices slumped, weak Chinese data renewed fears of slowing growth, and Canada officially slipped into recession. Canada's energy sector, a major force on the index, dropped 4.6 percent as crude tumbled after a three-day rally.

  • CAPE CANAVERAL, Florida, Sept 1- Jeff Bezos' space transportation company, Blue Origin, won another round of incentives on Tuesday to build and fly rockets near NASA's Kennedy Space Center in Florida. Commissioners in Brevard County, home of the space center, approved by a 4 to 1 vote adding an $8 million grant for the project, bringing the total value of state,...

  • But managers told workers that employment levels would not be affected, although they didn't provide details on how that would happen, said Bruce Baumhower, president of United Auto Workers Local 12. Automotive News first reported the decision. He told Automotive News that the only way to keep the Wrangler in Toledo would be to move it into the space now occupied...

  • *China eased capital rules for foreign property investments. HONG KONG/ LONDON Sept 2- For foreign investors, Beijing's decision to make it easier for them to invest in Chinese real estate is on the right track but has come at the wrong time. "Potential foreign buyers will likely be concerned about the subdued China economic outlook and a softish renminbi," said...

  • ULAANBAATAR, Sept 2- Balchig Baljinnyam, a small-time farmer in central Mongolia, is busy building a shelter for his dairy cows ahead of what is expected to be the most brutal winter in years. It will be a double whammy for Mongolia this year. In 2009-2010, Mongolia lost 20 percent of its livestock to the dzud, the World Bank estimates.