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  • SHANGHAI, Sept 25- China is building a nationwide system to monitor the income and expenditure of local governments in a bid to control debt, the official China Daily reported on Tuesday, citing finance ministry officials. It is now establishing a budget performance evaluation and management system that will supervise all investment and financing...

  • Sept 24- Sears Holdings Corp Chief Executive Eddie Lampert, a major investor in the company, has proposed rescue deals to help the department store chain avoid bankruptcy as debt matures next month and it faces a cash crunch, according to a regulatory filing released on Monday. Billionaire Lampert, who also runs hedge fund ESL Investments Inc, said the 125-...

  • LONDON, Sept 24- Prime Minister Theresa May and her ministers have agreed to focus Britain's post-Brexit migration system on high-skilled migrants and will not offer preference to European Union workers, newspapers said. Last week, official advisers recommended prioritizing high-skilled migrant workers coming to Britain after Brexit, alarming...

  • DETROIT— The government says a Florida company will spend more than $6 million in penalties and repair costs for selling computer software that disables automotive emissions controls. The Justice Department and Environmental Protection Agency say that Derive Systems of Sanford, Florida, sold 363,000 products that violated the Clean Air Act.

  • TOKYO, Sept 25- Japan and the United States postponed their second round of trade talks in New York to Tuesday from Monday, a Japanese official said, amid concerns in Tokyo that Japan will face greater pressure to reduce the bilateral trade imbalance. Japan is hoping to avert any import curbs and potentially steeper U.S. import tariffs on its cars, and fend off U.S....

  • WASHINGTON— The Trump administration says it has approved the sale to Taiwan of $330 million in spare parts and related support for Taiwan's F-16 fighters and other military aircraft. China opposes all U.S. military sales to Taiwan. Taiwan split with the mainland in 1949, but China claims it as part of its territory and has threatened to invade if necessary to...

  • WASHINGTON, Sept 24- The U.S. State Department has approved the possible sale to Taiwan of spare parts for F-16 fighter planes and other military aircraft worth up to $330 million, the Pentagon said on Monday. U.S. military sales to self-ruled Taiwan, which China claims as its sacred territory under its "one China" policy, is an irritant in the relations between the...

  • NEW YORK— Ernst& Young was slapped Monday with a second sexual harassment complaint in less than year describing a culture of discrimination and lewd behavior toward women at the accounting company. Karen Ward, a former partner with EY, said her supervisor routinely commented her breasts, suggested she should accompany him to strip clubs and texted her at 2 a.m....

  • CHARLESTON, S.C./ RALEIGH, N.C., Sept 24- T housands of people in and around the city of Georgetown, South Carolina, were urged to evacuate on Monday as two rivers gorged with rain from long-departed Hurricane Florence will flood the area this week. More than 10 days after the storm made landfall and killed 46 people mostly in North Carolina, several rivers throughout...

  • SAO PAULO, Sept 24- Brazil's far-right presidential candidate Jair Bolsonaro, who remains hospitalized after being stabbed in an assassination attempt this month, maintained his lead for the first-round vote in less than two weeks, but the Workers Party candidate Fernando Haddad closed the gap in recent days, a poll showed on Monday. Haddad has 22 percent...

  • Sept 24- Starbucks Corp is planning an organizational restructuring including leadership changes, according to a memo from its Chief Executive Officer Kevin Johnson. The changes come at a time when the world's largest coffee retailer is facing a raft of challenges, including a cooling U.S market and heavy competition from rivals, while undertaking a massive...

  • LONDON, Sept 24- Prime Minister Theresa May will discuss Brexit and a bilateral trade deal with U.S. President Donald Trump on Wednesday on the sidelines of the United Nations General Assembly in New York, amid increasing uncertainty over Britain's EU exit plans. May will also use her two-day trip to New York to warn against allowing the use of chemical weapons to...

  • NEW YORK, Sept 24- Citigroup Inc will pay $5 million to address "robo-signed" proofs of claim filed in consumer bankruptcy cases involving 71,448 Macy's-branded credit card accounts, the U.S. Department of Justice announced on Monday. The proofs of claim were filed between 2012 and 2015 by employees of a third-party vendor who did not review their contents, and...

  • WASHINGTON, Sept 24- The U.S. Air Force awarded Boeing Co a $376 million contract to build four helicopters in the first leg of a $2.38 billion deal to replace the fleet of 46- year-old fleet of UH-1N Huey helicopters. The Air Force said it will eventually order 84 helicopters to be delivered from 2020 through 2032.. The Air Force will use the helicopters to protect...

  • NEW YORK, Sept 24- New York's attorney general on Monday said U.S. lawyer review website Avvo had agreed to reform its rating system and improve disclosures after a probe revealed shortcomings in how it presented information to consumers seeking to hire lawyers. Attorney General Barbara Underwood said Avvo, a Seattle- based unit of Internet Brands Inc, will no...

  • PIRAEUS, Greece _ Danaos Corp. on Monday reported second-quarter net income of $5.8 million. On a per-share basis, the Piraeus, Greece- based company said it had profit of 5 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK, Sept 24- The new S&P 500 communication services sector, which includes such high-profile names as Facebook Inc, Alphabet Inc and Netflix Inc, made its debut on Monday with a small gain, after the largest-ever overhaul of Wall Street's broad business sectors. The reshuffle appeared to happen without any disruptions after investors reorganized their...

  • Comcast Corp., down $2.27 to $35.63. Barrick Gold Co., up 57 cents to $11.04. Sirius XM Holdings Inc., down 72 cents to $6.26.

  • Sept 24- Tesla Inc is building its own car carriers, as the electric carmaker faces vehicle distribution problems. The company is upgrading its logistics system but running into an "extreme" shortage of car carrier trailers, Chief Executive Elon Musk tweeted https://twitter.com/elonmusk/status/1044294753041313792 on Monday in response to a customer, who...