Gold investors can at least count on one factor lending some support to prices this year—a stronger appetite for the metal in India during Diwali.» Read More
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.
Oct 4- Canadian oil and gas producer Bankers Petroleum Ltd said third-quarter output from its only producing field rose 18 percent. Bankers Petroleum, which lost a bid to acquire Albania's national oil company Albpetrol, said average sales volumes rose 15 percent to 15,715 bopd.
NEW DELHI, Oct 4- India's cabinet approved bills on Thursday to attract foreign investment into insurance and pensions in the latest move by Prime Minister Manmohan Singh to restore confidence in the economy, but the reforms will face a tough fight in parliament.
Oct 4- Oil rig maker Lamprell Plc said Chief Executive Nigel McCue would step down and Peter Whitbread would be an interim replacement.
Oct 4- Oil and gas company ZaZa Energy Corp. ZaZa Energy Corp's portfolio includes about 72,000 acres in the oil-rich Eagle Ford shale field and 90,000 acres in the Woodbine region, both in Texas. The Houston- based company ended its exploration and development agreements with Hess Corp in the Paris Basin and Eagle Ford shale field in June.
Oct 4- Rupert Murdoch conceded defeat this week in his battle with Google and the Internet, an adversary even more powerful than the British government. Coincidentally, News Corp, Murdoch's holding company, announced the departure of its chief digital officer, Jonathan Miller.
U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. Brokerages Canaccord Genuity, Robert W. Baird& Co, Mizuho Securities USA, BMO Capital Markets and ThinkEquity Llc cut their price targets on the stock.