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  • Oct 24- Consumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Officer Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported on Friday. "'Designed by Apple in California' has a nicer ring to it than' assembled by workers paid about a dollar per hour, working 11- hour...

  • Oct 24- Ocwen Financial Corp said it was hiring an independent firm to investigate how the mortgage servicer had sent backdated letters to borrowers about loan modifications and foreclosures and the reason for the delay in fixing the issue. Hundreds of thousands of borrowers facing foreclosure may have been harmed after they received letters from Ocwen...

  • Oct 24- Hewlett-Packard Co has begun sounding out private-equity firms in China to buy its corporate-networking business in the country, the Wall Street Journal reported, citing people familiar with the situation. The buyer likely needs to be based in China if the deal is to win Chinese government approval, the newspaper reported. U.S. technology companies...

  • TV startup Roku Inc is working on plans to confidentially file for an initial public offering, the Wall Street Journal reported, citing people familiar with the matter. Roku has been working with investment banks, including Bank of America Merrill Lynch and Citigroup Inc, to prepare for a potential offering that could raise as much as $150 million, the Journal...

  • Oct 24- Consumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported. "Designed by Apple in California has a nicer ringer to it than assembled by workers paid about a dollar per hour, working 11- hour shifts, and sleeping...

  • After big miss, will activists circle Amazon? Friday, 24 Oct 2014 | 2:40 PM ET
    Amazon CEO Jeff Bezos discusses the Fire smartphone at a news conference in Seattle, June 18, 2014.

    Any underperforming company can come under attack from an activist investor. Hedge funds ponder whether Amazon will be targeted next.

  • Oct 24- Shares of SodaStream International Ltd surged on Friday after the at-home soda machine maker said it would sell some PepsiCo Inc brands in a limited test. The 10- week trial will begin in a few weeks at Wal-Mart Stores Inc and Bed Bath& Beyond Inc in Orlando and Tampa, Florida, trade publication Beverage Digest reported. SodaStream shares surged as much as 24...

  • Oct 24- Drugmaker Baxter International Inc said the U.S. Food and Drug Administration had approved its drug for treating bleeding episodes in adults with a rare bleeding disorder. Obizur will compete with Biogen Idec Inc's Eloctate, which was approved in June. Other approved hemophilia B treatments include Baxter's Rixubis, Pfizer Inc's Benefix and CSL...

  • Oct 24- Banana producer Chiquita Brands International Inc said it would start takeover talks with Brazil's Grupo Cutrale and Safra Group after its shareholders voted against a proposed merger with Irish rival Fyffes Plc. Fyffes' shares fell 5 percent to 94 euro cents in Dublin after the collapse of the deal, which would have created a company domiciled in...

  • Oct 24- Soda machine maker SodaStream International Ltd said it would sell some of PepsiCo Inc's brands through its soda machines on a test basis later this year. The company did not specify which of PepsiCo's brands would be part of the test. PepsiCo's soda brands include Mountain Dew, and 7 Up.

  • Oct 24- Private equity groups including Apax Partners LLP and Bain Capital are planning to bid for Portugal Telecom from Brazilian telecommunications company Groupo Oi SA, the Financial Times reported. Groupo Oi said earlier that it has been approached by several groups for purchase of Portugal Telecom, including France's Altice, which is backed by...

  • Oct 24- E-cigarette seller Electronic Cigarettes International Group Ltd has postponed its public offering due to unfavorable market conditions, an analyst at underwriter Canaccord Genuity told Reuters on Friday. Grand Rapids, Michigan- based Electronic Cigarettes is among a number of e-cigarette companies whose stocks are traded over-the-counter in...

  • Oct 24- Procter& Gamble Co on Friday said it would sell its Duracell battery business, probably through a split-off into a separate company, as it looks to focus on faster-growing brands. On a conference call, Chief Financial Officer John Moeller said the company had sold or discontinued 11 brands in the latest quarter and 25 in the last five quarters.

  • Oct 24- Banana producer Chiquita Brands International Inc said it would start takeover talks with Brazil's Grupo Cutrale and Safra Group after its shareholders voted against its proposed merger with Irish rival Fyffes Plc. Fyffes' shares were down 9 percent at 90 euro cents in Dublin. Fyffes and Chiquita said recently that the implied value of their potential...

  • Baxter's blood disorder drug gets FDA approval Friday, 24 Oct 2014 | 9:35 AM ET

    Oct 24- Drugmaker Baxter International Inc said the U.S. Food and Drug Administration had approved its drug for treating bleeding episodes in adults with a rare bleeding disorder. The drug, Obizur, has been approved for use in patients with acquired hemophilia A, which usually affects older adults, Baxter said in a statement. The drug will be launched in the United...

  • Oct 24- Chiquita Brands International Inc said Brazilian juice maker Grupo Cutrale and investment firm Safra Group's sweetened offer was not superior to its proposed merger with Irish rival Fyffes Plc, which the banana producer's shareholders will put to a vote on Friday. Chiquita will only continue discussions with Cutrale-Safra, if its shareholders do...

  • Oct 24- European regulators recommended continued use of Ariad Pharmaceuticals Inc's cancer drug, Iclusig, in its already approved indications to treat certain kinds of leukemia. However, the European Medicines Agency recommended additional warnings in Iclusig's European product information to minimize the risk of vascular events, Ariad said.

  • Oct 24- Delphi Automotive Plc reported a better-than-expected quarterly profit as demand for its auto parts rose in Asia and North America. Delphi's revenue grew 9 percent in Asia and 6 percent in North America in the third quarter ended Sept. 30. Delphi benefited also from its restructuring activities in Europe and South America.

  • Oct 24- Colgate-Palmolive Co reported a 17 percent drop in third-quarter profit and lowered its full-year earnings forecast, hurt by weak demand in Brazil and China and a stronger U.S. dollar. Emerging markets, which generate about 50 percent of Colgate's net sales, have weakened in the past few months, with Brazil slipping into recession and China facing what is...

  • Oct 24- Lear Corp, a maker of auto seats and electrical power systems, reported a better-than-expected rise in quarterly profit and raised its 2014 earnings forecast, reflecting robust vehicle production in North America and Europe. Lear, whose customers include General Motors Co and Ford Motor Co, raised its full-year adjusted profit forecast to $640- $655...