New York Senator Charles Schumer sent a letter to the FCC and the Treasury requesting more scrutiny of the recent Sprint deal with Japan's SoftBank. Derek Scissors, Heritage Foundation, weighs in.» Read More
NEW YORK-- One piece of good news on jobs was enough Thursday on Wall Street. That one piece of good news was enough to help traders forget about a drumbeat of worrisome developments, like a widening U.S. trade deficit, higher unemployment in Greece and a ratings cut for Spain. `.
WINDHOEK, Oct 11- French energy group Areva. "Considering both the continued decrease of uranium prices coupled with the investments yet to be made on site, AREVA has no other option than to postpone the launch of the Trekkopje mine," the company said in a statement.
BERLIN, Oct 11- Germany's environment minister outlined plans on Thursday to limit support for wind energy and biomass generation following a similar cap imposed on the photovoltaic sector, as part of a proposed reform of renewable energy policy.
*Sprint jumps on reports of possible Softbank deal. NEW YORK, Oct 11- U.S. stocks were poised for a higher open on Thursday after data showed initial jobless claims fell to the lowest level in more than four and a half years.
*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.
BEIJING/ TOKYO, Oct 11- China's foreign minister on Thursday defended the withdrawal of its senior delegates from the International Monetary Fund meeting in Tokyo as "completely appropriate" although the head of the multilateral organisation said they would "lose out".
WASHINGTON-- The U.S. trade deficit widened in August from July because exports fell to the lowest level in six months. The deficit grew 4.1 percent to $44.2 billion in August, the biggest gap since May, the Commerce Department said Thursday. Exports dropped 1 percent to $181.3 billion.
Oct 11- Commerce Department report of U.S. international trade. Trade in goods and services on balance of payments basis,. Aug July Jan-Aug12 Aug11 Jan-Aug11 Balance -44.22 -42.47 -374.37 -44.78 -369.13 Exports 181.28 183.19 1,459.55 178.38 1,389.53 Imports 225.50 225.65 1,833.92 223.16 1,758.66.
Oct 11- Canada's main stock index looked set to open higher on Thursday, on expectations that Spain would be pressured to seek a sovereign bailout after S&P downgraded it to just one notch above junk. *The IMF backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good.
*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.
Japan's finance minister Koriki Jojima told finance chiefs and central bank governors of the Group of Seven industrialized nations on Thursday that Japan will extend new Japanese yen loans and as earlier agreed with Myanmar will move ahead next year with clearing its sizable outstanding debt to Tokyo.
SINGAPORE, Oct 11- Asia's fuel oil market weakened on Thursday, with intermonth spreads erasing the previous session's gains as concerns over an over-supplied market outweighed demand hopes. The balance of October/November spread for 180- centistoke fuel oil fell 75 cents to a backwardation of 25 cents, a two session low, according to Reuters data.
*FTSE up 0.6 pct after three-session losing streak. LONDON, Oct 11- UK shares bounced back on Thursday following early declines, led by banks and miners as investors shifted through risk-sensitive stocks for bargains. At 1054 GMT, the FTSE 100.
*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. telecoms company Sprint Nextel Corp in a deal worth more than 1 trillion yen, a source with direct knowledge of the matter told Reuters on Thursday.
TOKYO, Oct 11- Japan's Softbank Corp is in talks to acquire a majority stake in Sprint Nextel, the No. 3 wireless carrier in the United States, for more than 1 trillion yen, a source familiar with the matter told Reuters on Thursday.
TOKYO, Oct 11- Japanese mobile carrier Softbank Corp is in talks to buy more than two-thirds of U.S.-based telecoms company Sprint Nextel Corp, public broadcaster NHK said on Thursday, in a deal worth at least 1 trillion yen.
For highlights from the International Monetary Fund and World Bank semiannual meetings, and related events, on Thursday, click on.
LONDON-- Financial markets steadied Thursday ahead of another round of U.S. corporate earnings and despite a downgrade of Spain's sovereign credit rating. Standard& Poor's downgraded Spain's government debt late Wednesday from BBB+ to BBB-, the lowest investment grade level.
TOKYO, Oct 11- Japanese mobile phone carrier Softbank Corp is in talks to buy more than two-thirds of U.S.-based telecoms company Sprint Nextel Corp, Japanese public broadcaster NHK said on Thursday.
*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.