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  • MONZA, Italy, Sept 5- Ferrari Chief Executive Amedeo Felisa will not leave his post before the luxury sportscar maker's initial public offering planned for later this year, the boss of parent company Fiat Chrysler Automobiles said on Saturday. "He will not leave before the IPO and the question of succession is one we have to deal with not only with Felisa but with...

  • NEW BEDFORD, Mass.— For three centuries, fishing has been a way of life in New Bedford— and it's still going strong. Scholars say more ships sailed out of New Bedford alone than every other American port combined. But it's still a viable industry, and New Bedford's piers are alive with the sights, sounds and smells of the trade.

  • PROVIDENCE, R.I.— New England' s ports are reinventing themselves to compete with one another and from larger ones, but they were once legendary. From one of the world's great whaling ports to the Navy's first submarine base and the city featured in "The Perfect Storm," here is a look at their lore:. In 1916, a naval yard and storage depot along the Thames River became the...

  • NEW HAVEN, Conn.— The noise and bustle of nearby neighborhoods fade away at New Haven's sprawling port. What was a key port for lumber and other goods dating to Colonial times is, like other New England ports, facing a reckoning after a lengthy decline. New England' s ports saw their national rankings in terms of total trade plummet since the 1970 s, a trend that only...

  • Congress returns from its August recess Tuesday with a hefty list of unfinished business. Congress is likely to approve a measure that would keep the government operating temporarily, which leaders hope they can do by Pope Francis' address to lawmakers Sept. 24. —The government's ability to pay its bills expires around Oct. 30, so Congress will have to extend the...

  • WASHINGTON— Congress returns on Tuesday with a critical need for a characteristic rarely evident through a contentious spring and summer— cooperation between Republicans and President Barack Obama. Tom Cole, R- Okla. "The big deal will be,' Can you come to a deal on transportation, debt ceiling and avoiding sequester? GOP leaders are playing down talk of a...

  • CERNOBBIO, Italy, Sept 5- A common euro zone budget should initially be funded through joint debt issuance and taxpayers' money should only be used at a later stage, French Economy Minister Emmanuel Macron said on Saturday. The idea has met opposition in Germany with Vice Chancellor Sigmar Gabriel asking for more details and saying he was strictly against a "euro...

  • *CEFC buys majority stake in Pivovary Lobkowicz Group. PRAGUE, Sept 5- China's sixth largest private company CEFC added to a weeklong buying spree in the Czech Republic on Saturday, announcing deals to buy a majority stake in a top brewery group and a share in an airline company in the central European country. CEFC, which counts energy and financial services as its...

  • VLADIVOSTOK, Russia, Sept 5- Chinese Vice Premier Wang Yang said on Saturday that Russia's push to revamp its run-down Far East region coincided with Beijing's strategy, backing President Vladimir Putin's drive for new sources of growth. At the Eastern Economic Forum in the Pacific Port of Vladivostok on Friday, Putin promised favourable business conditions...

  • PRAGUE, Sept 5- CEFC China Energy Company has acquired a 10 percent stake in airline operator Travel Service and plans to raise its stake even further, it said on Saturday. Travel Service is the second-largest shareholder in Czech Airlines, after Korean Air. CEFC said it planned to acquire a further 39.92 stake in Travel Service as part of the deal.

  • Sept 4- A district court judge has asked Credit Suisse Group AG to pay $287.5 million in damages to an affiliate of Highland Capital Management, as part of a long drawn breach of contract case. The damages are related to the event in which the Zurich- based bank was found to have used inflated appraisals to convince an affiliate of Highland Capital Management in...

  • NEW YORK— A Latvian computer code writer who helped create a virus that spread to more than a million computers worldwide and corrupted some at NASA may be returning home soon after pleading guilty to a federal charge on Friday. Deniss Calovskis, soft-spoken and bespectacled, pleaded guilty in Manhattan to conspiring to commit computer intrusion.

  • ANKARA- German Finance Minister Wolfgang Schaeuble and European Central Bank Governing Council member Jens Weidmann hold a press conference at G20 meeting- 0500 GMT. SYDNEY- Reserve Bank of Australia head of financial stability department Luci Ellis speaks at the University of New South Wales Real Estate Symposium 2015 on "Property Markets and Financial...

  • SAN JUAN, Sept 4- Republican presidential candidate Marco Rubio told residents of Puerto Rico on Friday the island needed new political leadership as it grapples with its fiscal crisis, but protection under bankruptcy laws would not solve the U.S. territory's problems. Clinton, who won the most Democratic delegates in Puerto Rico during her failed 2008...

  • If Congress does not pass reforms by Sept. 15, the IMF board has said it will discuss an "interim solution" by month's end. Rakesh Mohan, the IMF's executive director for Bangladesh, Bhutan, India and Sri Lanka, told Reuters: "There's more and more likelihood that something like that will happen." "This is a signal to the administration and to Congress that the world is...

  • BOSTON, Sept 4- Proxy adviser Institutional Shareholder Services on Friday recommended Bank of America shareholders vote to strip Chief Executive Brian Moynihan of his additional title of chairman, joining a chorus of critics ahead of a Sept. 22 shareholder meeting on the matter. The Charlotte, North Carolina- based bank, which named Moynihan chairman in 2014,...

  • President Barack Obama about the Iran nuclear deal and believes the agreement will contribute to security and stability in the Middle East, a senior Saudi official said on Friday. The visit is the king's first to the United States since ascending to the throne in January 2015, and comes after the United States agreed to a nuclear deal with Iran in July.

  • NEW YORK, Sept 4- Crude futures fell about 2 percent on Friday as traders shrugged off a drop in the number of U.S. rigs drilling for oil and focused instead on a supply glut and declining stock prices on Wall Street. "I get the feeling the longs do not want to wait out the three-day weekend," said Tariq Zahir, a trader in crude oil spreads at Tyche Capital Advisors in Laurel...

  • Sept 4- Bertelsmann SE& Co KGaA, 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...

  • Sept 4- Bertelsmann SE& Co KGaA, 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...