Wires

  • *Generic EpiPen to cost $300 vs branded price of about $600. Aug 29- Mylan NV said it would launch the first generic version of its allergy auto-injector EpiPen for $300, half the price of the branded product, the drugmaker's second step in less than a week to counter the backlash over the product's steep price. The company reduced the out-of-pocket costs of EpiPen...

  • SAO PAULO, Aug 29- Latin American stocks and currencies seesawed on thin trading volumes on Monday as comments from U.S. Traders also followed the final steps of suspended President Dilma Rousseff's Senate trial, which is widely expected to confirm her impeachment late Tuesday or in the early hours of Wednesday. Brazil's benchmark Bovespa stock index rose,...

  • OTTAWA, Aug 29- Canadian Prime Minister Justin Trudeau visits Beijing this week seeking deeper ties with China but a dispute over canola exports, government divisions over China policy and the case of a detained citizen look set to limit his gains. China welcomed last year's election victory by Trudeau's Liberals, recalling with fondness that his father...

  • WOODLAND PARK, N.J.— Gannett has named two executives to lead a New Jersey media company it recently purchased. Meyer is the former publisher and chief executive of the Orlando Sentinel Media Group and Green is president and publisher of the Gannett- owned Enquirer Media in Cincinnati, Ohio. Karen Ferguson Fuson, group president for the West Group of Gannett's...

  • NEW YORK, Aug 29- A senior HSBC Holdings Plc executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank's clients. The plea on wire fraud and conspiracy charges by Mark Johnson, a British citizen who at the time of his arrest last month was HSBC's global head of...

  • WASHINGTON, Aug 29- An appeals court in California on Monday dismissed the U.S. government's lawsuit accusing AT&T Inc of reducing Internet speeds for customers whose data use exceeded certain levels even though they had bought unlimited plans. The U.S. Court of Appeals for the Ninth Circuit said it reversed the district court's denial of AT&T's motion to...

  • NEW YORK, Aug 28- Nearly a third of U.S. counties likely will be served by only one insurer that participates in an Affordable Care Act marketplace in 2017, according to an analysis published on Sunday by the Kaiser Family Foundation. Despite sharing a namesake, the Kaiser Family Foundation is not associated with healthcare provider Kaiser Permanente.

  • WASHINGTON, Aug 29- U.S. consumer spending increased for a fourth straight month in July amid strong demand for automobiles, pointing to a pickup in economic growth that could pave the way for the Federal Reserve to raise interest rates this year. Monday's report from the Commerce Department came several days after Fed Chair Janet Yellen said the case for...

  • NEW YORK, Aug 29- U.S. stocks rose on Monday, helped by gains in financial shares after comments from top Federal Reserve officials on Friday bolstered expectations for an interest rate hike from the U.S. central bank this year, while European shares dipped and the dollar rose. Fed Chair Janet Yellen said the case for a rate increase was strengthening, but provided...

  • Aug 29- Wall Street snapped a three-day losing streak on Monday as financial stocks rose after Federal Reserve Chair Janet Yellen said the case for an interest rate hike had strengthened. Vice Chairman Stanley Fischer suggested that a move as soon as next month could be possible. The S&P 500 financial index rallied 1.05 percent, trading at its highest level...

  • "The iPhones are not fit for the purpose of use as smartphones because of the touchscreen defect," according to the complaint filed in federal court in San Jose, California. Todd Cleary of California, Jun Bai of Delaware and Thomas Davidson of Pennsylvania are the named plaintiffs in the lawsuit, which accuses Apple of fraud and violating California consumer...

  • MONTREAL, Aug 29- Canada's National Energy Board canceled the first day of hearings on TransCanada Corp's proposed Energy East pipeline in Montreal on Monday after protesters disrupted the panel session, agency spokeswoman Sarah Kiley said. There is no word yet on a new date for the hearing, Kiley said. Environmental groups against oil sands development...

  • *Iraq still set on expanding output, market share. NEW YORK, Aug 29- Oil prices fell nearly 2 percent on Monday, snapping two consecutive days of gains, on caution over galloping Middle East crude output and a stronger dollar boosted by speculation of a U.S. rate hike by the year-end. Focus on surging Middle East production and the strengthening dollar also offset...

  • Aug 29- Shareholder Joseph Pirinea said on Monday he was pushing bond insurer Ambac Financial Group to hire an investment bank to review strategic alternatives. Pirinea, who has already sued Ambac over its exposure to bonds issued by Puerto Rico, said in a statement he would introduce a proposal seeking a review at Ambac's annual meeting or at a special meeting...

  • Managing money can be complicated, and myths are often born from people's struggles to make it simpler. Say you spend $5,000 each month and somehow manage to trim your expenses by 10 percent. To accumulate three months' expenses, you would have to put aside every dime of that $500 savings for 27 months.

  • TORONTO, Aug 29- Canada's main stock index made slight gains in morning trading on Monday, with rises for banks and miners offsetting energy shares' declines as the price of oil pulled back. At 10:30 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index was up 24.26 points, or 0.17 percent, at 14,664.14. The most influential movers on the index included...

  • LOS ANGELES, Aug 29- Los Angeles airport police said on Monday they were investigating whether passengers had mistaken loud noises of some kind for gunfire, leading to panicked evacuations the night before at the huge hub of international travel. Terminals at Los Angeles International Airport were evacuated briefly and 27 flights were diverted on Sunday...

  • Aug 29- Zhongwang USA LLC, a division of China's Zhongwang International Group Ltd., said on Monday it would buy U.S.-based aluminum rolled products maker Aleris Corp from a fund group in a $2.33 billion deal. Zhongwang International is also the parent of China Zhongwang Holdings Ltd, the world's second-largest producer of aluminum extrusions.

  • ATHENS, Greece— Greece's battered economy expanded by a quarterly rate of 0.2 percent in the April-June period, despite a small decline in consumer spending and exports. The figure released by the country's statistical authority Monday was slightly lower than its initial estimate, earlier this month, of 0.3 percent growth. Greece's economy has shrunk by about...

  • CHICAGO— Grain futures were lower Monday in early trading on the Chicago Board of Trade. Wheat for Sept. delivery was 10.50 cents lower at $3.7260 a bushel; Sept. corn was 2.25 cents lower at $3.14 bushel; Sept. oats was 4.25 cents lower at $1.6460 a bushel; while Sept. soybeans lost 1 cent to $9.8960 a bushel. August live cattle was. 33 cent higher at $1.1068 a pound; August...