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  • Sept 2- U.S. stock index futures rose on Wednesday after fresh intervention from China to support its markets helped calm jittery investors, and ahead of U.S. private employment data. *Wall Street closed sharply lower on Tuesday, with renewed concerns about China's economy pushing major indexes down almost 3 percent and intensifying fears of a long-term...

  • BERLIN— Malicious software targeting smartphones with the Android operating system is becoming more common, with some handsets already infected when they're bought. A report by German security firm G DATA found that the samples containing such malware had increased by 25 percent in the second quarter compared with the first three months of the year.

  • *VW proposes extending CEO contract until 2018. FRANKFURT, Sept 2- The executive committee of Volkswagen's supervisory board has proposed extending Martin Winterkorn's contract as chief executive until the end of 2018, the company said on Tuesday, opening the door to the appointment of an outsider as chairman. Volkswagen is still looking for a permanent...

  • *China intervention helping calm market jitters- traders. *Alstom up on report GE deal set for green light. China, the epicenter of worries over the global growth outlook, enjoyed a late market recovery after nine Chinese brokerages pledged to buy more than 30 billion yuan of shares, according to the China Securities Journal.

  • LISLE, Ill. _ Navistar International Corp. on Wednesday reported a loss of $28 million in its fiscal third quarter. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. Navistar shares have decreased 48 percent since the beginning of the year.

  • Sept 2- Truck and engine maker Navistar International Corp's quarterly loss widened, hurt by restructuring and product warranty costs. The net loss attributable to Navistar widened to $28 million, or 34 cents per share, in the third quarter ended July 31, from $2 million, or 2 cents per share, a year earlier. Revenue fell nearly 11 percent to $2.54 billion.

  • The 20- story tall rocket, manufactured and launched by United Launch Alliance, a joint venture of Lockheed Martin Corp. and Boeing Co., lifted off from Cape Canaveral Air Force Station at 6:18 a.m. EDT/ 1018 GMT. The MUOS network will supplement and eventually replace the Navy's Ultra High Frequency Follow-On satellite system to provide 16 times more...

  • CAIRO, Sept 2- Libya's official government is struggling to woo oil majors in a bid to control oil revenue and force a rival Tripoli government into a U.N. peace deal because foreign clients are wary of breaking with the established state energy firm in the capital. By appointing its own NOC management and inviting firms to a conference in Dubai, the east has...

  • TORONTO _ Sears Canada Inc. on Wednesday reported profit of $10.9 million in its fiscal second quarter. Sears Canada shares have declined 36 percent since the beginning of the year. Keywords: Sears Canada, Earnings Report.

  • JAKARTA, Sept 2- Indonesia will pledge to increase its commitments on cutting greenhouse gas emissions growth by 29 percent by 2030, the environment and forestry minister said on Wednesday, but giving few details on how this would be done. Indonesia, ranked third in the amount of land covered by tropical forests and the world's top palm oil producer, is likely to...

  • NEW YORK _ G-III Apparel Group Ltd. on Wednesday reported fiscal second-quarter earnings of $12.5 million. For the current quarter ending in November, G-III Apparel expects its per-share earnings to range from $1.78 to $1.83. G-III Apparel expects full-year earnings in the range of $2.78 to $2.88 per share, with revenue expected to be $2.4 billion.

  • LONDON, Sept 2- Copper steadied on Wednesday after Chinese equities recouped some of their losses following further government intervention, though falling oil prices and an August slowdown in world factory activity kept a lid on gains. A number of brokerages in top copper consumer China have pledged additional funds to buy equities, answering the latest...

  • NEW YORK, Sept 2- Puerto Rico's indebted public utility PREPA has reached a deal with a key bondholder group which would see them swap their bonds for new notes, receiving 85 percent of their existing bond claims, according to a statement from the utility. The Ad Hoc bondholder group, which holds around 35 percent of PREPA's outstanding bonds, agreed to the deal.

  • WASHINGTON— The Labor Department reports on productivity for the April-June quarter at 8:30 a.m. Eastern Wednesday. PRODUCTIVITY UP: Economists expect an annual growth of 2.8 percent in the second quarter, according to a survey by the data firm FactSet. SLOWER PRODUCTIVITY: A month ago, the government reported that productivity grew at an annual are of 1.3...

  • WASHINGTON— The Commerce Department will release its report on July orders to U.S. factories at 10 a.m. Eastern Wednesday. U.S. manufacturers must contend with a number of headwinds including a sharp slowdown in growth in China, a strong dollar and falling oil prices. On Tuesday, the Institute for Supply Management reported that its manufacturing index slid to...

  • *Expected to be largest PE deal in Asia. SEOUL/ HONG KONG, Sept 2- British retailer Tesco PLC has picked private equity firm MBK Partners as preferred bidder to buy its South Korean unit, people with direct knowledge of the process said, in a deal that could be valued at as much as $6.6 billion. MBK beat out bids from a combination of buyout firms Affinity Equity Partners...

  • Schengen, on the vine-flanked Moselle where old enemies France and Germany meet, gave its name 30 years ago to the code which removed border controls between most European states. "It's not Schengen that's the problem," the commissioner in charge of it, Dimitris Avramopoulos, told Reuters as Budapest, Vienna and Berlin bicker about what to do with thousands of...

  • *China regulators investigating stock market volatility. SHANGHAI, Sept 1- Investigations by Chinese authorities into wild stock market swings are spreading fear among China- based investors, with some unsure if they are simply helping with inquiries or actually under suspicion, executives in the financial community said. China has unleashed a volley of...

  • China has been trying to cope with a slowing economy and volatile stock markets and has cut interest rates and relaxed bank lending restrictions. The $8.5 billion Templeton Asian Growth Fund that Mobius manages invested 23.8 percent of its assets in China at the end of July, below a 28.3 percent weight of the country's shares in its benchmark MSCI AC Asia...

  • *Trade poll reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls? RIC= CNTRD %3 DEC I. *CPI poll reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls?