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Sept 18- Canadian oil producer Penn West Petroleum Ltd said it was strengthening its accounting practices after a review uncovered irregularities that forced to company to restate some of its prior results.
Sept 18- Rite Aid Corp, the third-largest U.S. drugstore chain, cut its full-year profit forecast for the second time, citing lower margins in its pharmacy business, sending its shares down 11 percent in premarket trading.
IHS, whose businesses include Cambridge Energy Research Associates and technology market research firm iSuppli, raised its revenue forecast to $2.23 billion- $2.24 billion for the full year ending Nov. 30, from its previous range of $2.17 billion- $2.23 billion.
Sept 18- Stock market indexes provider MSCI Inc declared its first-ever quarterly dividend and more than doubled its stock repurchase program to $850 million from $300 million. MSCI will pay Goldman Sachs $300 million in cash and expects to receive about 4.5 million shares of its common stock.
NEW DELHI, Sept 18- A standoff between Indian and Chinese soldiers overshadowed a visit to New Delhi by Chinese President Xi Jinping on Thursday, with a $20 billion investment pledge eclipsed by robust comments from India's new Prime Minister Narendra Modi about the dispute.
Sept 18- Canadian oil producer Penn West Petroleum Ltd, under fire after it uncovered accounting irregularities in July, said its audit committee determined that the company needs to review results going back to 2007..
Sept 18- Stock market indexes provider MSCI Inc declared its first-ever quarterly dividend and more than doubled its stock repurchase program to $850 million from $300 million.
NEW DELHI, Sept 18- China became the latest nation to line up for a stake in India's civil nuclear energy drive on Thursday, agreeing to open talks on cooperation in a sector that New Delhi sees as the solution to its chronic power problems.
MANILA, Philippines— Philippine authorities arrested 43 suspected members of a syndicate that runs a lucrative online cybersex operation catering to clients worldwide, officials said Thursday.
Sept 18- An erectile dysfunction drug that reduces by half the time patients need to take the pill before sexual activity has been approved by the U.S. Food and Drug Administration.
Sept 18- Rite Aid Corp, the third largest U.S. drugstore chain, cut its full-year profit forecast for the second time this year as lower margins from its pharmacy business continue to eat into earnings. Rite Aid shares fell nearly 9 percent in premarket trading on Thursday after the company also shaved the top end of its sales forecast.
Sept 18- Vivint Solar Inc, a residential solar panel installer backed by Blackstone Group LP, is expected to raise up to $371 million in its initial public offering. Provo, Utah based-Vivint Solar was launched in 2011 and has become the second-largest installer of residential solar panels in the United States after SolarCity Corp..
BANGKOK— Thailand's military ruler apologized for suggesting that attractive foreign tourists might be unsafe on the country's world-famous beaches if they wear bikinis.
VIENNA, Sept 18- The European Union said on Thursday it was disappointed with a lack of progress by Iran in addressing concerns about its suspected atomic bomb research, pressuring Tehran to cooperate with a long-stalled U.N. watchdog inquiry.
Sept 18- Vivint Solar Inc, a solar energy provider backed by Blackstone Group LP, said it expected its initial public offering to be priced between $16 and $18 per share, raising up to $371 million.
NEW DELHI, Sept 18- A standoff between Indian and Chinese soldiers overshadowed a visit to New Delhi by China's President Xi Jinping on Thursday, with a $20 billion investment pledge eclipsed by robust comments from India's new Prime Minister Narendra Modi about the dispute.
Sept 18- Business research and information firm IHS Inc reported a better-than-expected adjusted quarterly profit helped by revenue growth in its subscription business in America and Europe. IHS forecast an adjusted profit of $5.70 to $5.80 per share and revenue of $2.23 billion to $2.24 billion for the full year ending Nov. 30.
NEW DELHI, Sept 18- India will open talks on civil nuclear energy cooperation with China, Prime Minister Narendra Modi said on Thursday after summit talks with Chinese President Xi Jinping in New Delhi. Behind the scenes, China has been pressing India hard to begin talks on civil nuclear cooperation, said W.P.S. Sidhu, a senior fellow at Brookings India.
Sept 18- UBM Plc, a British communications and events company, confirmed that it was in talks to acquire Advanstar, a privately held U.S. trade show organiser. Reuters reported on Tuesday that UBM was in advanced talks to acquire Advanstar for around $900 million. 1/ 8 ID: nL1N0RH0ZO.
NEW DELHI, Sept 18- Indian and Chinese soldiers pulled back from a stand-off on a Himalayan plateau on Thursday, helping salvage the mood during a rare visit by China's President Xi Jinping to New Delhi aimed at opening a new phase in cooperation between Asia's giants. "China and India paid great attention to the aforementioned border issue.