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  • SAN JUAN, Aug 17- A U.S. federal judge on Friday ruled against a group of bondholders that bought debt issued by Puerto Rico's largest public pension, the Employees Retirement System, denying their ability to hold claim on property used as collateral. With roughly $120 billion in debt and pension liabilities, Puerto Rico filed for bankruptcy protection under a...

  • Aug 17- Walmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration. In an email sent to some beauty suppliers on Aug. 7, seen by Reuters, the retailer asks if they have facilities outside China, and if not,...

  • NEW YORK, Aug 17- A New York lawyer was sentenced to 18 months prison on Friday for helping Martin Shkreli, currently serving a seven year prison sentence after being convicted of related charges, defraud a drug company that Shkreli had founded. District Judge Kiyo Matsumoto in Brooklyn. "I will regret, every day of my life, the day I met Martin Shkreli," Greebel said.

  • GREENBELT, Md.— News outlets are challenging a Maryland law meant to fight foreign meddling in online political advertising because they say it creates unfair burdens on media sites that publish such ads. The Maryland- Delaware- D.C. Press Association and several newspapers filed the lawsuit Friday challenging the constitutionality of the law passed in April.

  • ISTANBUL, Aug 17- Turkey's battered lira weakened 3 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention "sitting down". The case of Andrew Brunson, an evangelical Christian missionary from North Carolina who has lived...

  • NEW YORK, Aug 17- The Chicago Teachers' Pension Fund's board of trustees voted on Friday to phase out investments in companies that run private prisons or immigrant detention centers, saying the businesses have an outsized negative impact on minorities and the poor. The Chicago public school teachers pension fund follows in the footsteps of New York City...

  • CARACAS/ MARACAIBO, Aug 17- Jittery Venezuelans on Friday rushed to shops and lined up at gas stations on concerns that a monetary overhaul to lop off five zeros from prices in response to hyperinflation could wreak financial havoc and make basic commerce impossible. Shoppers sought to ensure their homes were fully stocked with essentials such as food and dry...

  • The hearings will be held Aug. 20-24 and on Aug. 27, from 9:30 a.m. to 6 p.m. EDT, the USTR said in a statement. President Donald Trump has threatened 25 percent tariffs on the $200 billion list of Chinese imports because of China's retaliatory tariffs on $50 billion worth of U.S. products in the two countries' escalating trade war. The latest U.S. list will hit consumer...

  • ATLANTIC CITY, N.J.— The Latest on reigning Miss America Cara Mund saying she's been bullied by pageant leadership:. The Miss America Organization says it is disappointing that reigning Miss America Cara Mund went public with her criticism of the organization's leadership. The Miss America Organization says Mund's letter contains misrepresentations and...

  • WASHINGTON— Justice Department lawyers asked a federal judge Friday to let them file a legal appeal that could, for now, keep President Donald Trump's critics from getting access to financial records related to his Washington, D.C., hotel. In a sally to prevent the case moving on to legal discovery— which would potentially unearth financial records such as...

  • ISTANBUL, Aug 17- Moody's cut Turkey's sovereign credit rating deeper into "junk" territory on Friday, citing a weakening of public institutions and the related reduction in the predictability of policy making in a country which is facing a currency crisis. "That weakening is exemplified by heightened concerns over the independence of the central bank, and by...

  • MEXICO CITY, Aug 17- Mexico's incoming government on Friday postponed a decision on whether to complete a new Mexico City airport, saying the public should be consulted on the fate of the $13 billion-dollar hub, which the next president had initially opposed. However, a significant amount of work has been completed on the ambitious project, making a decision to...

  • WATERVILLE, Maine— A Maine restaurant says news about the anger surrounding their french fry change has reached people all over the world. Bolley's Famous Franks co-owner Leslie Parsons tells the Kennebec Journal a newspaper in China wanted to try their fries, and they also received a call from people representing TV chef Rachael Ray. The Journal had reported...

  • U.S. stocks rose late in the day Friday as investors hoped the U.S. and China are making more progress in trade talks. The Wall Street Journal reported that the countries hope to resolve their dispute by November. The Russell 2000 index of smaller-company stocks gained 7.19 points, or 0.4 percent, to 1,692.95.

  • ISTANBUL, Aug 17- Standard& Poor's said on Friday it had cut Turkey's sovereign credit rating deeper into "junk" territory, citing extreme lira volatility and forecasting a recession next year, adding to the country's woes as it deals with a currency crisis. The rating agency downgraded the rating by one notch to B+ from BB- and kept Turkey's outlook at stable in a move...

  • NEW YORK, Aug 17- U.S. stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico. Additionally, Mexico's economy minister, Ildefonso Guajardo, said he hopes to wrap up outstanding...

  • Nvidia Corp., down $12.62 to $244.82. Applied Materials Inc., down $3.66 to $43.77. The Wall Street Journal said the SEC began investigating Tesla last year, while an interview with CEO Elon Musk raised concerns about his health.

  • A privacy group says in a letter to Federal Trade Commission that Google has violated the terms of a 2011 settlement because of practices exposed in an Associated Press report this week. The Electronic Privacy Information Center says in the letter to the FTC that Google's recording of time-stamped location data— even after users have turned off a setting...

  • SAO PAULO, Aug 17- Mexico's peso firmed on Friday after U.S. and Mexican officials said they were close to settling differences in NAFTA trade talks, while Brazilian equities slid on presidential race jitters. Mexico's peso shook off losses to gain about 0.6 percent after a top White House economic adviser said on Friday that Washington was "very, very close" to...

  • SAN FRANCISCO, Aug 17- The U.S. government is trying to force Facebook Inc to break the encryption in its popular Messenger app so law enforcement may listen to a suspect's voice conversations in a criminal probe, three people briefed on the case said, resurrecting the issue of whether companies can be compelled to alter their products to enable surveillance.