Driven by ambitions to make China a great power, President Xi Jinping is staking his political authority on a huge task: overhauling the Chinese military. The New York Times reports.» Read More
Oct 1- Tenet Healthcare Corp unveiled plans to accelerate growth through acquisitions and moved to boost shareholder value with buybacks and a reverse stock split. Shares of the hospital operator rose as much as 8 percent to $6.74 in early trading on the New York Stock Exchange on Monday.
*La Presse reports SNC made "dubious payments" to win Montreal contract.
Oct 1- Syncrude Canada Ltd, a Canadian oil sands company that counts Suncor Energy Inc and Nexen Inc. as partners, will start a project that may extend the life of its Mildred Lake mine in Alberta by about a decade. unit Mocal Energy and Murphy Oil Corp.
*Platinum firm; unrest in South Africa continues By Amanda Cooper. Spot gold was up 0.9 percent on the day at $1,785.80 an ounce at 1445 GMT, having fallen earlier by as much as 0.4 percent to a low of $1,762.94, before a flurry of fund-related buying saw nearly 4.0 million ounces change hands on the futures market in a matter of moments, traders said.
He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa. A top Morgan Stanley broker, Jonathan Madrigano, who last year managed about $2 billion in client assets left the company's brokerage division on Friday to join J.P. Morgan Securities.
LONDON-- Global markets rose Monday as investors cautiously welcomed the result of stress tests of Spain's banks and upbeat U.S. economic data and looked past the threat that Moody's might downgrade the country's debt rating to junk status.
Oct 1- New Oriental Education& Technology Group Inc said its investigation did not find any "significant" evidence to support certain allegations raised by short-seller Muddy Waters.
Oct 1- Sunshine Heart Inc said its flagship device to treat heart failure was approved for trials in the United States, sending its shares up as much as 15 percent. Sunshine Heart plans to start a pivotal trial in North America in the fourth quarter of 2012.. Sunshine Heart shares were up 7 percent at $8.94 on the Nasdaq on Monday.
Oct 1- Generator maker Generac Holdings Inc. Generac's shares rose almost 17 percent to $26.78 on Monday morning. For the third quarter, Generac expects to report earnings of 31 cents to 36 cents per share on sales of $295 to $300 million.
*Manufacturing in euro zone and Asia wilts in Sept. By Steven C. Johnson and Andy Bruce. NEW YORK/ LONDON, Oct 1- U.S. manufacturing grew slightly last month for the first time since May but euro zone factories suffered their worst quarter since early 2009, suggesting the region may struggle to avoid recession.
LAS VEGAS-- A Brooklyn Bowl entertainment venue, a Yard House beer bar and an Asian-themed food and art marketplace are among anchor tenants coming to a master-planned complex being built at the base of a big new Las Vegas Strip observation wheel, Caesars Entertainment Corp. officials will announce Monday.
O'Donnell, who jumped to CBS last year after more than a decade at NBC News, replaced Erica Hill within the trio of "CBS This Morning" hosts that also include Charlie Rose and Gayle King.
Judge Chaing Sinat of the Phnom Penh Municipal Court said 71- year-old Mam Sonando was convicted and sentenced on four counts related to an alleged secessionist movement in eastern Cambodia. "There is no real democracy in Cambodia. Mam Sonando also was fined 10 million riel.
*Kuwait needs to focus on investment. KUWAIT, Oct 1- Kuwait's government should take all necessary measures to cut spending and focus on investing in projects that will benefit the major oil producer's economy in the long-term, Central Bank Governor Mohammad al-Hashel said on Monday.
Oct 1- Bombardier Inc, the world's largest train maker, said it won two contracts totaling about 121 million euros for rail networks in Germany and Malaysia. Separately, it said it will also supply five double-deck trains to Deutsche Bahn AG, the German national railway company, for about 50 million euros.
The bank named Tom Willett as head of mergers and acquisitions, Europe. He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa.
As the government closed the books Sunday with a $1.1 trillion deficit for the year, which required borrowing 32 cents for every dollar it spent, budget analysts have little confidence in either man's plan to address the accumulating debt, now at about $16 trillion.
WASHINGTON-- U.S. manufacturing grew for the first time in four months, buoyed by a jump in new orders and more jobs. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its index of factory activity rose to 51.5.
**CERADYNE INC, $34.92, up 42.9 pct** 3 M, $93.79, down 1.5 pct. 3 M said it will acquire the ceramic component maker for about $847 million. The offer of $35 per share represents a premium of about 43 percent to Ceradyne's Friday closing.
Oct 1- Commercial silica maker U.S. Silica Holdings Inc named Donald Merril as chief financial officer, replacing William White who will retire on Dec. 31. Merril, who joins Frederick, Maryland- based U.S. Silica as the vice-president of finance effective immediately, served Myers Industries Inc as its CFO from January 2006 to August 2012.