N. Korea touts its nuclear arsenal, says ready to use on U.S.: report

North Korea, known for its saber rattling, said Tuesday that it’s prepared to use nuclear weapons against the U.S. and other enemies as the isolated nation also touted its nuclear bomb plant. “If the U.S. and other hostile forces persistently seek their reckless hostile policy,” North Korea is “fully ready to cope with them with nuclear weapons any time,” an atomic energy official said Tuesday, according to a CNN report. The country has restarted its main plant for the production of nuclear bombs, and that’s just a day after Pyongyang indicated it may soon launch a long-range rocket, a Wall Street Journal report said.

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China steps up push to make sectors off-limits to foreigners

Chinese authorities on Tuesday approved guidelines for adopting a list of sectors and businesses that will be off-limits for foreign investors, according to state-run Xinhua News Agency. At a meeting, presided over by Chinese President Xi Jinping, the Central Leading Group for Deepening Overall Reform decided to adopt a negative list to regulate market access and let the market play a bigger role in allocating resources, according to the report. China has previously banned foreigners from investing in certain sectors.

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China approves guidelines for off-limits list for foreign investors: Xinhua

Chinese authorities on Tuesday approved guidelines for adopting a list of sectors and businesses that will be off-limits for foreign investors, according to state-run Xinhua News Agency. At a meeting, presided over by Chinese President Xi Jinping, the Central Leading Group for Deepening Overall Reform decided to adopt a negative list to regulate market access and let the market play a bigger role in allocating resources, according to the report. China has previously banned foreigners from investing in certain sectors.

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Carl Icahn boosts stake in Cheniere Energy

Carl Icahn raised his stake in Cheniere Energy to 9.59% from 8.18%, the billionaire investor reported in a regulatory filing on Monday. Icahn now owns 22,682,159 shares in the energy company, according to a filing with the Securities and Exchange Commission, up from the 19,353,530 shares reported on Aug. 31. Icahn appears to be slugging it out with noted short seller Jim Chanos, the founder of Kynikos Associates, who told CNBC last week that he was shorting, or betting against, Cheniere. Cheniere shares were up 2.9% in after-hours activity.

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Adesto Technologies files for IPO

Adesto Technologies Corp. of Sunnyvale, Calif., on Monday filed for a initial public offering to raise up to $50 million. The company plans to trade on the Nasdaq stock exchange under the symbol IOTS. Needham & Co., Roth Capital, and Oppenheimer & Co. are underwriters. Adesto, which makes memory products for Internet of Things applications, said its revenue hit $49.7 million and $41.5 million in 2013 and 2014, respectively, and it reached a net loss of $8.2 million and $8.9 million in those years. Its revenue decreased to $20.3 million and its net loss to $4 million in the six months ended June 30. Adesto highlighted its diversified, global customer base as one of its competitive strengths.

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Gray Television to buy Schurz Communications for nearly half a billion

Gray Television, Inc. said Monday it has agreed to buy all television and radio stations of privately held Schurz Communications Inc. of Mishawaka, Ind., for $442.5 million. The deal will expand Atlanta-based Gray Television’s operations to 49 TV markets and 28 states, and will be immediately accretive to Gray’s cash flow, the company said. The deal is expected to close later this year or in early 2016. Shares of Gray Television were flat in after-hours trading after ending the regular session up 5.3%.

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Gray Television to buy Schurz Communications for nearly half a billion

Gray Television, Inc. said Monday it has agreed to buy all television and radio stations of privately held Schurz Communications Inc. of Mishawaka, Ind., for $442.5 million. The deal will expand Atlanta-based Gray Television’s operations to 49 TV markets and 28 states, and will be immediately accretive to Gray’s cash flow, the company said. The deal is expected to close later this year or in early 2016. Shares of Gray Television were flat in after-hours trading after ending the regular session up 5.3%.

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