Rocky month, US data in focus Ahead of Friday's highly anticipated jobs report, investors will watch two key reports out Tuesday for further indications on the domestic economy.
| By: Evelyn Cheng
GLOBAL MARKETS-Stocks fall on Fed concerns; U.S. oil jumps 8.8 pct *S&P 500 posts biggest monthly percentage drop since May 2012. The S&P 500 registered its biggest monthly percentage drop since May 2012 after being pummeled in the past two weeks on concerns about slowing growth in China. "If they move in September, it's going to cast a lot of doubt about where they will stop," said Stephen Massocca, chief investment officer at...
| By: Caroline Valetkevitch
UPDATE 1-Ashley Madison owner says website still adding users after data hack TORONTO, Aug 31- Hundreds of thousands of people signed up for infidelity website Ashley Madison in the last week, parent company Avid Life Media said on Monday, even after hackers leaked data about millions of its clients. "Recent media reports predicting the imminent demise of Ashley Madison are greatly exaggerated," the company said in a statement.
UPDATE 1-Union mulling action on job cuts at Freeport Chile copper mine SANTIAGO, Aug 31- A Chilean union that represents copper mine workers rejected a move by Freeport-McMoRan Inc to drastically cut staff at its El Abra mine and said on Monday it was considering action. Last week, Arizona- based Freeport, which owns a 51 percent stake in the mine in northern Chile, became one of the first big global miners to announce it was slashing...
Chipotle sued over GMO-free menu claims Aug 31- Chipotle Mexican Grill Inc's new GMO-free menu claims have lured diners and boosted the burrito chain's stock price, but it has some consumers crying foul. A California woman has accused the popular chain in a lawsuit of false advertising after it trumpeted on April 27 that it was the first national restaurant company to use only ingredients that are...
Officials hope fiber will replace coal in eastern Kentucky HAZARD, Ky.- In the 1970 s, as the oil crisis spurred an increase in mining, Victor Justice taught people in eastern Kentucky how to mine coal. Kentucky will own the network, which will begin in eastern Kentucky but eventually reach into all of the state's 120 counties. But the Australian-based investment firm Macquarie Group and its partners will build the network...
Source: The Associated Press
Samsung unveils circular smartwatch, but are apps available? NEW YORK- Samsung is juicing up its smartwatch with a circular face and more battery life than the Apple Watch, but it's unknown how many apps will be available for it. According to IDC, Apple was the No. 2 maker of wearable devices in the April-June quarter, with a 20 percent worldwide market share, behind the Fitbit and its fitness trackers at 24 percent.
Source: The Associated Press
| By: By ANICK JESDANUN, AP Technology Writer