Ahead of quarterly earnings, Rumit Dugar, Analyst, IT, Telecom & Media, Religare Capital Markets, says wage hikes and currency appreciation may hurt Wipro's results.» Read More
Oct 11- U.S. carrier Alaska Airlines said on Thursday it will buy 50 737 single-aisle jetliners, worth $5 billion at list prices, from Boeing Co in its largest order yet. The order includes 37 of Boeing's upcoming 737 MAX, the new-engine variant of the popular 737 that offers better fuel efficiency.
is in the process of buying a controlling stake in Cooper Tire& Rubber Co, India's Economic Times reported. The deal could be in a range of $600- 800 million, the newspaper said citing sources. Cooper Tire's shares jumped as much as 11 percent to $20.76 on the New York Stock Exchange on Thursday.
Oct 11- Shutterstock Inc soared as much as 32 percent in its market debut, a day after the online stock photography provider priced its shares above its expected range.
*Europe still biggest drag on world growth. LONDON, Oct 11- Next year offers only a slight improvement for a global economy hit by recession in Europe and slowing or moribund growth in Asia and the United States, according to Reuters polls of hundreds economists worldwide.
Oct 11- Cotton prices extended losses in early trade on Thursday after the U.S. government raised its inventory forecast for the season to end-July 2013 to a new record of close to 80 million 480- lb bales, reinforcing concerns about falling demand from China, the world's largest textile market.
MUMBAI, Oct 11- India's ICICI bank has cut its floating rate on home loans by up to 100 basis points until December end, the country's second-largest lender said on Thursday. For loans up to 3 million rupees the bank will charge 10.25 percent interest, ICICI said. It earlier used to charge 10.5 percent for loans up to 3 million rupees.
Oct 11- Pfizer Inc said a late-stage trial of its experimental pain drug showed that the drug's long-term safety profile was comparable to those of similar formulations. The trial tested the safety of the drug, called ALO-02, when administered for up to 12 months.
*Sprint shares up 16 pct in premarket trade. TOKYO/ NEW YORK, Oct 11- Softbank Corp, Japan's third-largest mobile carrier, is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen, according to a source with direct knowledge of the matter.
Oct 11- Pfizer Inc said a late-stage trial of its experimental pain drug showed the drug's long-term safety profile was comparable to those of other similar formulations. The trial was testing the safety of the drug, called ALO-02, when administered for up to 12 months.
Oct 11- Hostess Brands Inc, the bankrupt maker of Twinkies and Wonder Bread, filed a reorganization plan that includes wage cuts, reduction in health and welfare benefits and a freeze on pensions for at least two years.
*Softbank to buy majority in Sprint- source. TOKYO, Oct 11- Softbank Corp, Japan's third-largest mobile carrier, is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen, said a source with direct knowledge of the matter, as it seeks to expand overseas.
Oct 11- Buckeye Partners LP rejected allegations by four major U.S. airlines that it was overcharging to transport jet fuel to New York City area airports and requested that the Federal Energy Regulatory Commission dismiss the complaint.
MUMBAI, Oct 11- India's Azure Capital said on Thursday it will raise up to 5 billion rupees through a real estate private equity fund that will invest in commercial properties across the top seven cities in the country.
MUMBAI, Oct 11- The Reserve Bank of India sold $552 million in the local forex market in August and bought $100 million, compared with net sales of $785 million in the previous month, data from the central bank showed on Thursday. The rupee gained 0.2 percent against the dollar in August.
SINGAPORE, Oct 11- Asian regrade prices- the price difference between jet fuel and gasoil- climbed to an almost one year high on Thursday as jet fuel found strength from the United States and China ahead of year-end travel amid short supply. Chevron had earlier bought jet fuel from Taiwan's Formosa, likely to ship it to the United States, traders said.
*Suzlon sought to extend maturity of over $200 mln bonds by four months. By Tony Munroe and Sumeet Chatterjee MUMBAI, Oct 11- India's Suzlon Energy Ltd. A total of $1.3 billion of convertible bonds are expected to come up for redemption in the October-December quarter, brokerage Kotak Securities said in a report last month.
Oct 11- Alaska Airlines said it will buy 50 Boeing 737 single-aisle jetliners, worth $5 billion at list prices, in its largest order yet. Alaska Airlines, which runs an all- Boeing fleet, said the aircraft will be delivered between 2015 and 2022..
Oct 11- Shares in India's Kingfisher Airlines, grounded since the start of the month, rose as much as 4.8 percent, after data showed a series of block deals on Thursday. About 2.6 million Kingfisher shares changed hands on the Bombay Stock Exchange, minutes before the close of the market trade, Thomson Reuters data showed.
*Unitech surges after settlement with Telenor. MUMBAI, Oct 11- Indian shares rose on Thursday as expectations of better-than-expected earnings sent Infosys. and HDFC Bank higher a day before they report results.
MUMBAI, Oct 11- India's Sesa Goa, owned by miner Vedanta Resources, plans to raise 11 billion rupees through one-year commercial paper at a yield of 9.20 percent, a source with direct knowledge of the deal said on Thursday. Yes Bank is the sole arranger to the deal, the source said.