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  • 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...

  • NEW YORK, Sept 4- Stocks on major markets fell on Friday, closing out another tough week for equity markets, after the monthly U.S. employment report failed to provide a clear signal on the likelihood of the first Federal Reserve interest rate rise for nearly a decade later this month. "Regardless of the global dislocation for equities, investors still seem to be...

  • 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 said Friday it will buy Teco Energy, an electric and gas utility that does business in Florida and New Mexico, for about $6.48 billion. Emera Inc. said it will pay $27.55 per share of Teco Energy, a premium of about 31 percent over Friday's closing stock price. Emera, based in Halifax, Nova Scotia, has investments...

  • 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.

  • *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.

  • 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.

  • 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.