Europe News Europe

  • *Wall St little changed in volatile session; Apple trades flat. Although data showed a pick-up in U.S. economic growth in the third quarter, gloomy earnings and outlook statements from major global companies such as Apple and Amazon, South Korea's Samsung and Renault and Ericsson in Europe corroded hopes of a recovery in the global economy.

  • Mexico will host finance ministers and central bankers from the bloc of advanced and developing countries next weekend at a meeting that is expected to focus heavily on Europe's ongoing debt crisis, with Spain tipped as the next country to seek aid.

  • NEW YORK, Oct 26- The euro traded flat against the dollar on Friday after three straight days of losses, though concerns whether Spain will ask for a bailout and worries about Greece were expected to weigh on the currency.

  • *Opel expected to pay backdated wages in lump sum- source. FRANKFURT/ HAMBURG, Oct 26- A German labour union extended a Friday deadline for a deal with loss-making carmaker Opel over a turnaround plan that includes thousands of job cuts and the closure of its Bochum plant in 2017..

  • PARIS, Oct 26- Greece's opposition leader denounced international lenders' demands as dealing the ``final blow'' to a devastated economy but said on Friday he would not seek to bring down the government.

  • NEW YORK, Oct 26- U.S. stocks edged lower on Friday, as investors fretted about Apple's weaker-than-expected results- the latest in a string of lackluster earnings- and signs that economic growth is still not strong enough to make a significant reduction in unemployment. Apple's stock lost 1.4 percent to $601.18.

  • PITTSBURGH-- United States Steel Corp.' s third-quarter results Tuesday should shed some light on the appetite for steel in the sluggish global economy. WHAT TO WATCH FOR: The Pittsburgh manufacturer warned investors in late July that slower global growth could be a drag on third-quarter results.

  • *Argentina treated bondholders unequally- court. NEW YORK, Oct 26- A U.S. appeals court said Argentina improperly discriminated against bondholders who refused to take part in two massive debt restructurings, setting back the country's efforts to recover from a roughly $100 billion default a decade ago.

  • NEW YORK, Oct 26- Prices for U.S. Analysts said that number could not only shed light on the nascent labor market recovery but also influence an increasingly tight election for the presidency between Republican Mitt Romney and Democrat Barack Obama.

  • WASHINGTON, Oct 26- U.S. economic growth accelerated in the third quarter a s stepped-up purchases by consumers an d a surprise turnaround in government sp ending of f set the first cutback in business investment in more than a year.

  • PARIS, Oct 26- Greece's opposition leader denounced international lenders' demands as dealing the ``final blow'' to a devastated economy but said on Friday he would not seek to bring down the government.

  • Voters who are still undecided about the presidential election aren't likely to be swayed by Friday's mixed report from the Commerce Department. "For the average American, I don't think changes in quarterly GDP" make a big difference in their perception of the economy, said Andrew Kohut, president of the Pew Research Center. "

  • LONDON-- Former media mogul Conrad Black has appeared on a British satirical show, defying the program's mockery of his convictions in the U.S. and claiming innocence. Satirists on the show "Have I Got News For You" made constant jokes at the expense of Black, who used to control papers including the Chicago Sun-Times and Britain's Daily Telegraph.

  • Asked if struggling Spain should seek financial aid, he said it was up to countries to take their own decisions but that in general, firewalls had to be used for them to be effective. Spain is under pressure to seek a bailout as it struggles to cope with high government debt and the cost of recapitalizing its banks.

  • LONDON, Oct 26- Former UBS trader Kweku Adoboli wept on Friday as he told a jury that his ``off-book'' trading was done for the benefit of the bank that meant everything to him.

  • NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. Arch Coal Inc., up 78 cents at $8.09. Goodyear Tire& Rubber Co., down $1.28 at $11.02.

  • WASHINGTON-- It's halftime for the season of corporate earnings reports, and investors are in desperate need of a locker-room pep talk.

  • *Wall St hit by earnings; Apple shares off more than 2 pct. Although data showed a pick-up in U.S. economic growth in the third quarter, gloomy earnings and outlook statements from major global companies such as Apple and Amazon, South Korea's Samsung and Renault and Ericsson in Europe corroded hopes of a recovery in the global economy.

  • *Announcements made two weeks before Communist Party congress. BEIJING, Oct 26- China moved quickly on Friday to announce it had formally begun a criminal probe into disgraced former senior politician Bo Xilai, hours after expelling him from the largely rubber stamp parliament and so removing his immunity from prosecution.

  • *Hurricane Sandy threatens U.S. after slamming Cuba. NEW YORK, Oct 26- Brent oil pushed higher on Friday in choppy trading, recovering from an early decline as supportive U.S. economic data coupled with North Sea and Nigerian production problems yielded some relief from concerns about Spain and tepid global demand.