Wires

  • BOSTON, Aug 26- Billionaire investor William Ackman said on Friday that Jordan Rubin, who had worked closely on Pershing Square Capital Management's controversial investment in battered drug maker Valeant Pharmaceuticals, is leaving the hedge fund. News of Rubin's departure comes roughly three months after William Doyle, another key figure in the bet, left...

  • NEW YORK, Aug 26- Bankrupt U.S. teen retailer Aeropostale Inc received bids this week for its business from private equity firm Sycamore Partners, as well as liquidators, firms that wind down businesses, according to people familiar with the matter. Investment firm Versa Capital Management LLC did not submit a bid for the business, the people said.

  • LAS VEGAS— A subsidiary of defense giant Lockheed Martin has been awarded a $5 billion contract to manage a vast federal Department of Energy reservation where the nation used to conduct nuclear testing north of Las Vegas. The announcement Friday by the National Nuclear Security Administration said a five-year contract with a five-year option went to...

  • CARACAS, Aug 26- Venezuela has signed over $5.5 billion in mining deals with companies including Canada's Barrick Gold Corp and China's Shandong Gold, President Nicolas Maduro said on Friday. Earlier this month, Maduro said Venezuela had struck $4.5 billion in mining deals with foreign and domestic companies. It was unclear if the $5.5 billion were part of the...

  • Jude's $24 billion planned deal for Abbott Labs to buy it. Jude's stock at one point fell around 3 percent on Friday, though it ended the day slightly up, following a drop of around 5 percent on Thursday after Muddy Waters Capital leveled the accusation against St. The stock continues to trade well below its price on Wednesday of around $82 per share.

  • CHICAGO, Aug 26- Caesars Entertainment Corp must face lawsuits from bondholders seeking some $11 billion in claims, a U.S. judge ruled on Friday in a decision the casino company had warned could plunge it into bankruptcy alongside its operating unit. A current injunction expires on Aug. 29, a day before Caesars faces a potential ruling in New York on lawsuits from...

  • OLATHE, Kan.— Garmin International says it is planning a $200 million expansion at its headquarters in Olathe. Garmin and the city of Olathe announced Friday that the company will build a new manufacturing and distribution center and new road through its campus. Company spokesman Ted Gartner says officials have not decided whether about 600 Garmin workers who...

  • CHICAGO/ TAMPA, Fla., Aug 26- The U.S. Food and Drug Administration recommended on Friday that all blood donated in the United States and its territories be tested for Zika virus, as it moves to prevent transmission of the virus through the blood supply. The agency said its decision to expand blood screening in the United States was based on concerns about more cases...

  • TORONTO, Aug 26- Canada's main stock index edged higher in a seesaw session on Friday, led by financial and industrial stocks as investors raised bets for U.S. interest rate hikes this year after a speech by Federal Reserve Chair Janet Yellen. For the week, the Toronto Stock Exchange's S&P/TSX composite index fell 0.3 percent. Much of the fluctuation in the index on...

  • Aug 26- Carl Icahn said he did not attempt to sell his Herbalife Ltd stake, and had instead bought more shares in the health supplements maker, rejecting hedge fund manager Bill Ackman's claim that he had been offered some of Icahn's shares. "Completely contrary to what Bill Ackman stated on television today, I have never given Jefferies an order to sell any of our...

  • MEREDITH, N.H.— Neither snow nor rain nor heat nor gloom of night could stop a U.S. mail boat— and then it ran aground in New Hampshire. WMUR-TV reports three passengers were safely removed from the combination tour boat and U.S. Postal Service mail boat. The Bureau of Marine Patrol has warned boaters of potentially low water levels in parts of the state as drought...

  • LOS ANGELES— A sulfur tank exploded Friday at the largest oil refinery in California, sending a chemical cloud into the air and causing a fire, authorities said. There was no immediate word on the cause of the blast at the Tesoro refinery in Wilmington near Long Beach. The 930- acre refinery near the Port of Long Beach is the largest refinery on the West Coast,...

  • The bill represents a victory for environmentalists as they campaign aggressively to block shipments of coal from the West Coast to energy-hungry markets in Asia. The legislation was introduced in response to a developer's failed proposal to build a coal terminal in Oakland. "Coal is an antiquated industry and we need to accept that as a reality and not think...

  • NEW YORK— A federal appeals court ruled Friday that New York City can track taxi drivers by using their cabs' GPS systems. The Second Circuit Court of Appeals ruling came in the case of cabbie Hassan El-Nahal, who filed a lawsuit in 2013 charging that the tracking system violated his Fourth Amendment protection against unreasonable search and seizure.

  • CHICAGO, Aug 26- Caesars Entertainment Corp must face lawsuits from bondholders seeking some $11 billion in claims, a U.S. judge ruled on Friday in a decision the casino company had warned could push it into bankruptcy alongside its operating unit. A current injunction expires on Aug. 29, a day before Caesars faces a potential ruling in New York on lawsuits from...

  • Jude Medical Inc said on Friday a report by short-selling firm Muddy Waters and a cyber-security researcher alleging its heart devices were riddled with bugs was "false and misleading." Jude chief technology officer Phil Ebeling on Thursday said "the allegations are absolutely untrue" but provided no specific examples of errors. Muddy Waters late on Friday...

  • NEW YORK— Stocks ended on a weak note Friday after Federal Reserve officials said the case has strengthened for raising interest rates above the super-low levels that have helped fuel a seven-year bull market. Phone companies and utilities, which would suffer if interest rates rose and investors looked elsewhere for income, fell more than the rest of the...

  • *Yellen, Fischer comments on rate hike hit Wall Street. NEW YORK, Aug 26- U.S. stocks closed lower in choppy trading and the U.S. dollar surged on Friday as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. "The Fed served notice that a rate hike is still a...

  • JACKSON HOLE, Wyo., Aug 26- The Federal Reserve is getting closer to raising interest rates again, the head of the U.S. central bank and other policymakers said on Friday in comments that left the door open for a hike as early as next month. Fed Chair Janet Yellen told a global monetary policy conference that the case for a rate increase had grown stronger, while Fed Vice...

  • Louis Fed President James Bullard, known as an outspoken U.S. central banker, set off the spat with the activists group called Fed Up when in a televised interview he noted that a Facebook founder Dustin Moskovitz Moskovitz funds the group and therefore he should attend the conference in person. Speaking on CNBC television Friday, Bullard said funding of the...