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  • NEW YORK, Sept 4- Puerto Rico's Public Finance Corp, the government agency that defaulted on its bonds in August by paying a fraction of what was owed, did not make a $1.4 million interest payment due Sept. 1, according to a filing and a spokesman for the island's Government Development Bank. U.S. Bank, the trustee for the PFC bonds, filed a public notice stating it had not...

  • NEW YORK, Sept 4- Nomura Holdings Inc and Royal Bank of Scotland Group Plc have agreed to pay up to $33 million on top of $806 million that a U.S. judge ordered them to pay for making false statements in selling mortgage-backed securities. The agreement with the Federal Housing Finance Agency was disclosed in court papers filed on Friday in Manhattan federal court...

  • WASHINGTON, Sept 4- Lockheed Martin Corp beat out Raytheon Co to win a contract worth up to $428 million to continue modernizing Aegis combat systems on U.S. Navy ships, the Pentagon announced on Friday. The U.S. Department of Defense said the Navy awarded Lockheed an initial contract worth $26.5 million, which includes options that would bring the total value to...

  • NEW YORK— Canadian energy and services company Emera says it will buy Teco Energy, an electric and gas utility that does business in Florida and New Mexico, for about $6.48 billion. Emera says it will pay $27.55 per share of Teco Energy, a premium of about 31 percent over Friday's closing stock price. Emera says it has investments through the Northeastern U.S. and...

  • Rubio, a U.S. senator from Florida, spoke to what was seemingly a mostly Republican crowd, in a hot and packed restaurant. "I believe the Puerto Rico government has the ability to solve its own issues," Rubio, a Cuban-American, said in Spanish. Puerto Rico Governor Alejandro Garcia Padilla said in June that the U.S. territory could not afford to pay its debts, totaling $72...

  • Private equity firm Apax Parners LLP, the owner of One Call Care, plans to submit a binding offer later this month to Helios' owners, buyout firms Kelso& Company and Stone Point Capital LLC, the people said this week. Apax faces competition for Helios from other private equity firms, including Hellman& Friedman LLC and TPG Capital LP, the people added, asking not to be...

  • EXCLUSIVE-ONE CALL CARE MANAGEMENT INC PLANS TO BID CLOSE TO $2 BILLION FOR HELIOS- SOURCES.

  • GREENWICH, Conn. _ Urstadt Biddle Properties Inc. on Friday reported a key measure of profitability in its fiscal third quarter. The Greenwich, Connecticut- based real estate investment trust said it had funds from operations of $10.8 million, or 32 cents per share, in the period. The company said it had net income of $4.9 million, or 14 cents per share.

  • GREENWICH, Conn. _ Urstadt Biddle Properties Inc. on Friday reported a key measure of profitability in its fiscal third quarter. The real estate investment trust, based in Greenwich, Connecticut, said it had funds from operations of $10.8 million, or 32 cents per share, in the period. The company said it had net income of $4.9 million, or 14 cents per share.

  • *Caterpillar falls after broker downgrade. *Microsoft drags down S&P 500. It was an okay jobs report, but there's worry about China going into the weekend, "said John Augustine, chief investment officer, Huntington Trust in Columbus, Ohio.

  • Sept 4- There's a roughly one-in-three chance the Federal Reserve hikes later this month and, guess what: the stock market won't like it. Stephen Lewis, economist at London's ADM Investor Services International, wonders to what extent Janet Yellen will recall the advice of famed child-rearing expert Dr. Benjamin Spock, who counseled that giving into tantrums...

  • NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Vince Holding Corp., down $4.03 to $5.24. Gap Inc., down 60 cents to $32.41.

  • U.S. stocks slumped on Friday after the government's monthly jobs report gave investors few clues about the Federal Reserve's next move on interest rates. The government reported that the unemployment rate fell to a seven-year low in August, but also said that employers added fewer jobs than forecast. The Dow fell 272.38 points, or 1.7 percent, to 16,102.38.

  • It filed for an IPO that was valued at up to $100 million, according to a form filed Friday with the Securities and Exchange Commission. McGraw-Hill Education lost $330.7 million last year as it invested $150 million in digital learning, and plans to spend another $175 million on those programs in 2015.. The $100 million price tag is an estimate used for the...

  • WASHINGTON— Figures on government spending and debt.

  • SAO PAULO— Federal prosecutors on Friday filed corruption, racketeering and money laundering charges against Jose Dirceu, Brazil's former presidential chief of staff, for his alleged involvement in the massive corruption scheme at state-owned oil company Petrobras. Sixteen other people were also charged, including Joao Vaccari Neto, the former treasurer...

  • NEW YORK, Sept 4- U.S. medium- and long-dated Treasuries prices rose on Friday, while prices for short-dated notes were mostly flat, after U.S. monthly employment data bolstered the case for the Federal Reserve to hike interest rates later this month. Nonfarm payrolls increased 173,000 last month, a slowdown from July's upwardly revised gain of 245,000 and the...

  • NEW YORK— At Home Group, a chain of stores that sells furniture, rugs and other home goods, said Friday that it plans to become a publicly-traded company. At Home expects to list its stock on the New York Stock Exchange under the ticker symbol "HOME." The company reported a loss of $436,000 in the year ending Jan. 31, 2015, narrower than its loss of $22.3 million the...

  • Sept 4- Fiat Chrysler Automobiles NV's U.S. arm said on Friday it would recall 7,810 sport utility vehicles in the United States to update software for radios to prevent hacking. The announcement by FCA US LLC, formerly Chrysler Group LLC, comes more than a month after the company recalled about 1.4 million vehicles in the United States for the software update.

  • Sept 4- Bertelsmann SE& Co KGgA, Europe's largest media group, is close to acquiring a minority stake in learning technology firm HotChalk, according to people familiar with the matter, as the educational technology sector continues to grow. Bertelsmann is leading a funding round that could value the Campbell, California- based company at $600 million to $800...