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U.S. markets news

American Apparel seeks fashion revival under bankruptcy plan
CHICAGO American Apparel Inc plans to revamp its struggling fashion business under a restructuring plan that would give ownership to the Standard General hedge fund, which rescued RadioShack earlier this year, lawyers said at a hearing on Tuesday.
Ouch! American Apparel's Bumpy Ride May End With A Bankruptcy But There ...  Forbes
American Apparel Won't Abandon US Manufacturing in Bankruptcy  Wall Street Journal
Bill Ackman says short-term money driving market volatility
NEW YORK William Ackman, head of hedge fund firm Pershing Square Capital Management, said on Tuesday that financial market volatility was being driven by short-term money without regard to long-term economic fundamentals and that Valeant ...
Bill Ackman's latest wager: Bloomberg for president  USA TODAY
Bill Ackman: Mike Bloomberg will run for president and win in 2016  Fortune
How the Dow Jones industrial average fared on Tuesday
U.S. stocks closed mostly lower Tuesday after five straight days of gains. DuPont and energy companies rose sharply, but the overall market was weighed down by health-care stocks, especially biotechnology companies.
Wall Street dips as third-quarter earnings season kicks off  Reuters
Stocks End Mixed as Biotech Drags, Energy Jumps  Fox Business
Major US companies 'hold $2.1tn offshore'
The 500 largest US companies hold more than $2.1trn (€1.87trn) in accumulated profits offshore to avoid US taxes and would collectively owe an estimated $620bn in US taxes if they repatriated the funds, according to a study released yesterday.
US companies hold $2.1 trillion offshore  CNBC
Top 500 US firms keep $2.1 trillion in tax havens, study finds  Al Jazeera America
Here's What Customers Had to Say About McDonald's New All-Day Breakfast
McDonald's shook things up when the burger chain launched all-day breakfast Tuesday, extending McMuffins sales past the previous 10:30 A.M.
Did anyone actually eat McDonald's breakfast after 10:30 am today?  Chicago Tribune
All-day McDonald's breakfast starts today: Here's what to expect  Christian Science Monitor
UPDATE 3-Yum shares tumble after warning on China, currency moves
(Adds details on China management, link to graphic). By Lisa Baertlein. Oct 6 (Reuters) - Yum Brands Inc cut its full-year profit forecast on Tuesday, citing a slower-than-expected recovery in its key market of China and the drag from a strong U.S ...
Yum Brands Cuts Outlook on China Woes  Wall Street Journal
Yum Brands stock tanks on lackluster sales report  CNNMoney
IMF cuts global growth forecast to 3.1%
The world economy will this year grow at its slowest pace since the global financial crisis, the International Monetary Fund said yesterday, with a deep slowdown in China and other emerging economies masking a strengthening recovery in rich countries.
Britain bucks the trend with second-fastest level of growth among major nations  Daily Mail
IMF cuts global growth forecasts again, cites commodity and China worries ...  Firstpost
US proposes nearly $2 million fine against drone operator
WASHINGTON: The US Federal Aviation Administration on Tuesday proposed a record $1.9 million fine against an aerial photography company for flying drones in crowded New York and Chicago airspace without permission.
Drone photography company faces record FAA penalty for 'reckless' ...
FAA proposes $1.9 million fine against SkyPan for 'reckless' drone ...  Washington Post
Crude gains on output forecast; US stocks fall
NEW YORK Crude oil surged 5 percent on Tuesday after the United States cut output forecasts, while global equity markets mostly rose on expectations the Fed will not raise interest rates this year, though Wall Street fell on slumping biotech stocks ...
Oil optimism, despite global glut  The Australian Financial Review
Oil jumps $2, breaks trading range as supply seen ebbing  The Globe and Mail
Freeport-McMoRan considers exiting oil and gas business
NEW YORK (AP) - Freeport-McMoRan is considering spinning off its oil and gas business and other strategic alternatives to focus on its copper mining business.
Stock Downgrades: Freeport-McMoRan Inc. (NYSE:FCX), Applied Materials, Inc ...  Benchmark Monitor
DuPont up on CEO departure; Telsa's PT cut; Freeport-McMoRan may exit ...  Yahoo News