CORRECTED-US STOCKS-Wall St rises as Fed seen holding off rate hike till 2016 Oct 5- U.S. stocks rose on Monday, with the S&P 500 up for the fifth day, after last week's disappointing jobs report hardened views that the Federal Reserve won't raise interest rates this year. "September was the best time to raise rates and now it looks like it was the only time they could raise rates," said Mohannad Aama, managing director, Beam Capital Management in...
| By: Abhiram Nandakumar
US STOCKS-Wall St rises as Fed seen holding off rate hike till 2015 Oct 5- U.S. stocks rose on Monday, with the S&P 500 up for the fifth day, after last week's disappointing jobs report hardened views that the Federal Reserve won't raise interest rates this year. "September was the best time to raise rates and now it looks like it was the only time they could raise rates," said Mohannad Aama, managing director, Beam Capital Management in...
| By: Abhiram Nandakumar
WRAPUP 1-Mixed messages as Fed officials go public in force MILWAUKEE, Sept 28- A flurry of planned appearances this week by Federal Reserve officials began on Monday, but conflicting views by policymakers raised more questions about the U.S. central bank's ability to manage its message at a critical juncture. William Dudley, head of the New York Fed, and John Williams, head of the San Francisco Fed, both signaled the...
| By: Jonathan Spicer
US STOCKS-Wall St drops as anxious investors eye China *China industrial profits fall, stoking economy fear. Much of the damage came from pharmaceutical and biotech stocks, including Allergan and Gilead Sciences, with the sector still bleeding a week after Democratic presidential candidate Hillary Clinton criticized drug pricing. It's time for risk-off and there's no place to hide, "said Richard Weeks, managing...
| By: Noel Randewich
GLOBAL MARKETS-Stocks, commodities pulled lower on growth worry *Glencore slides 30 percent, underscores commodity concern. NEW YORK, Sept 28- Global equity markets and commodities slumped on Monday, pulled lower by worry over the economic health of China and other big emerging markets in a week filled with key economic data. An 8.8 percent drop in Chinese industrial firms' profits and a plunge of nearly 30 percent in miner...
| By: Chuck Mikolajczak
Recalls this week: power banks, bicycles, trapeze rings DETAILS: The Wishbone Recycled Bikes, which are made from recycled black plastic materials with 12- inch, air-filled white rubber tires. Date codes are either December 2013 or May 2014. They were sold at independent toy and bike stores nationwide and online at www.amazon.com from July 2014 through June 2015.
Source: The Associated Press
| By: By The Associated Press
Gentex transforms rear-view mirror into high-tech vision system DETROIT, Sept 18- Gentex Corp is broadening its role from a traditional Michigan- based auto parts maker to a supplier of high-tech vision systems that eventually could be integrated into self-driving cars. General Motors Co will be the first automaker to use a new rear-view mirror developed by Gentex, on the 2016 Cadillac CT6 sedan. Piersma said BMW would be the...
| By: Paul Lienert
COLUMN-Decline rates will ensure oil output falls in 2016: Kemp LONDON, Sept 15- "It takes all the running you can do to keep in the same place. But with oil prices below $50 per barrel, almost all companies, from the super-majors to national oil companies and independents, are slashing exploration and production budgets hard to conserve cash. In a typical example, Iraq's oil ministry wrote to contractors on September 6 warning it...
| By: John Kemp
US STOCKS-Wall St bounces back with Apple; biotechs a boost *Earnings won't grow as much as expected- David Tepper to CNBC. Apple's shares rose 2.5 percent to $112.91, rebounding from losses the day before when the iPhone and iPad maker unveiled new offerings. Biotech shares also boosted the market, with Gilead up 3.9 percent at $107.83, giving the second-biggest boost to the S&P 500 and Nasdaq after Apple.
| By: Caroline Valetkevitch