An earthquake with estimated magnitude of 7.9 shook Nepal on Saturday near its capital, killing many and triggering an Everest avalanche.» Read More
Google acquired Motorola in May for $12.5 billion to bolster its patent portfolio as its Android mobile operating system competes with rivals such as Apple Inc and Samsung Electronics Co Ltd. But many investors and analysts have questioned Google's need to be in the hardware business, where profit margins are lower and Google has little experience.
Oct 4- Fitch Ratings has affirmed the' BBB' investment grade debt ratings and Issuer Default Ratings of The Mosaic Company. Demand will be enhanced by the drought and heat damage to this season's crops, particularly in the U.S. but also in Russia and India.
Barclays announced a shake up at its investment banking business aimed at streamlining the business in the face of a more challenging outlook for the industry. Wells Fargo's international group named Christopher Lewis as executive vice-president and head of global trade services.
Oct 4- Sprint Nextel Corp is in the early stages of considering a counter-offer for MetroPCS Communications Inc to top Deutsche Telekom AG's. Sprint is holding talks with its advisers to evaluate the feasibility of a higher offer, Bloomberg reported.
By Manoj Kumar and Frank Jack Daniel. NEW DELHI, Oct 4- India's cabinet approved bills on Thursday to attract foreign investment into insurance and pensions among a package of new measures to restore confidence in the economy, although the reforms will face a tough fight in parliament.
*Publisher can choose to participate in Google's Library Project. Oct 4- Google Inc and a group of publishers have agreed to a settlement, capping seven years of litigation over the rights of publishers and Google's mission to become the world's digital library.
U.S. stocks rose for a fourth session on Thursday following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis and in support of the euro. **COLLABRX INC, $6.9, up 83.3 pct.
NEW YORK-- More than a billion people now log into Facebook each month to check up on old friends, tag photos of new ones and post about politics, religion, cats or what their kids are doing. The latest milestone also amounts to nearly half of the world's roughly 2.5 billion Internet users, as measured by the International Telecommunications Union.
NEW DELHI-- India's Cabinet pushed ahead with a second wave of economic reform proposals, endorsing higher levels of foreign investment in insurance and pension funds and amendments to laws governing competition, Finance Minister Palaniappan Chidambaram said.
WASHINGTON-- Orders to U.S. factories fell in August from July, mostly because of a sharp drop in volatile aircraft orders. The decline offset an increase in orders that reflect corporate investment plans. The Commerce Department said Thursday that factory orders dropped 5.2 percent in August, the biggest decline in more than three years.
Oct 4- Oil rig maker Lamprell said its chief executive Nigel McCue had stepped down along with two other senior managers, a day after its new chairman said he wanted to make changes at the top in the light of the company's fourth profit warning in a row.
NEW DELHI-- India's finance minister says the Cabinet has endorsed higher levels of foreign investment in insurance and pension funds as part of a second wave of economic reforms in less than a month. Finance Minister Palaniappan Chidambaram said Thursday the government also approved changes to laws governing competition and company structures.
Henderson Global Investors reduced its stake in Iomart to about 4.8 million shares from 7 million shares earlier this week, the company said in a statement on Thursday. Iomart shares, which rose to a life-high of 210 pence earlier on Thursday, dipped after the statement was issued. Iomart owns or leases space on a server for use by its enterprise and SME customers.
MUMBAI, Oct 4- U.S. private-equity firm Carlyle Group is selling its 3.7 percent stake in India's top mortgage lender Housing Development Finance Corp Ltd in a deal to raise as much as $861 million, according to a term sheet seen by Reuters on Thursday.
NEW DELHI, Oct 4- India's cabinet cleared a bill to allow up to 49 percent foreign investment in the pension industry, Finance Minister P. Chidambaram said on Thursday, in the latest move to restore confidence in the flagging economy.
Oct 4- Pfizer Inc, which is seeking a wider use of its multi-billion dollar vaccine Prevnar, said a late-stage study of the Prevenar 13 vaccine met the main trial goal and the data will help the company expand a European regulatory application for the vaccine.
*Rio cuts jobs in London, Australia. Australia's Rio Tinto- which gets some 80 percent of its profits from iron ore and is the diversified miner most exposed to fluctuations in the steelmaking ingredient- is cutting jobs in London and Melbourne, a source with knowledge of the situation told Reuters.
WASHINGTON-- Orders to U.S. factories fell in August, mostly because of a sharp drop in volatile aircraft orders. The decline offset an increase in orders that reflect corporate investment plans. The Commerce Department said Thursday that factory orders fell 5.2 percent in August, the biggest drop in more than three years.
*Facebook adds 45 million users since June. Oct 4- Social media company Facebook Inc reported on Thursday it reached the 1 billion user mark last month, while Chief Executive Mark Zuckerberg said it would keep pursuing growth through mobile devices.
U.S. stocks rose at the open after labor market data came in within expectations and following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis. **NUVASIVE INC, $14.9, down 34 pct.