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  • *Q3 sales $13.98 billion vs forecast of $14.64 billion. Nov 1- Pfizer Inc on Thursday posted quarterly revenue well below Wall Street expectations, as sales of the pharmaceutical company's Prevnar pediatric vaccine disappointed and emerging market revenue dropped sharply.

  • *Q3 sales $13.98 billion vs forecast of $14.64 billion. Nov 1- Pfizer Inc on Thursday posted quarterly revenue well below Wall Street expectations, as sales of the pharmaceutical company's Prevnar pediatric vaccine disappointed and emerging market revenue dropped sharply.

  • Nov 1- Estée Lauder Cos Inc scaled back the top end of its full-year forecast for sales Thursday amid uncertainty in some key markets, and said it expects poor demand in Europe to persist. While sales growth was strong in the United States and China, Europe was a drag in the last quarter, with France, Spain, Russia and Switzerland showing declines.

  • *Company hopes to cut costs by $400 million/ yr within 3 years. Nov 1- Avon Products Inc slashed its dividend by nearly 74 percent on Thursday and announced measures to cut hundreds of millions of dollars in costs in the next few years as its new chief executive officer continues to work on a turnaround.

  • WASHINGTON, Nov 1- The International Monetary Fund said on Thursday financing issues remained the main obstacle for debt-laden Greece to receive more bailout money from its international lenders.

  • BUSINESS-NEWS-SCHEDULE AT 1430 GMT / 1030 AM ET Thursday, 1 Nov 2012 | 2:58 PM ET

    Exxon Mobil, the world's largest publicly traded oil company, reports a lower profit that topped expectations, as higher results from its refining arm counters a 7.5 decline in oil and gas output. (EXXON-EARNINGS/ moved, by Anna Driver, 320 words).

  • MOSCOW, Nov 1- Rosneft more than doubled its cash reserves in the third quarter, as the state-owned Russian oil firm bolsters its finances ahead of its $55 billion acquisition of Anglo-Russian oil producer TNK-BP. ``It is always like this,'' said Vitaly Kruykov from brokerage IFD Kapital. ``The company had been accumulating cash... in this case for TNK-BP.''.

  • *Profit excluding items 79 cents/ share vs Street view 77 cents. Shares of New York- based Estee Lauder fell 2.6 percent to $60 in premarket trading. Revenue in the fiscal first quarter rose 2.9 percent to $2.55 billion, dragged down by disappointing sales in Europe that included decreases in key markets like Russia and France.

  • UPDATE 1-Avon slashes dividend as profit plunges Thursday, 1 Nov 2012 | 11:44 AM ET

    Nov 1- Avon Products Inc slashed its dividend by nearly 74 percent on Thursday, while also announcing measures to cut costs by at least $400 million within three years and reporting a steep plunge in third-quarter earnings.

  • BUSINESS-NEWS-SCHEDULE AT 0930 GMT / 05.30 AM ET Thursday, 1 Nov 2012 | 9:54 AM ET

    BEIJING/ LONDON- Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released that showed renewed vim from China's factory sector and a rebound in South Korean exports (GLOBAL-ECONOMY/PMIS,, moved, by Lucy Hornby and Se Young Lee, 950 words).

  • REUTERS WORLD NEWS OUTLOOK Thursday, 1 Nov 2012 | 8:30 AM ET

    BERLIN- German Chancellor Angela Merkel meets Irish Prime Minister Enda Kenny. TOKYO- Norwegian Prime Minister Jens Stoltenberg visits Japan and meets with Prime Minister Yoshihiko Noda. **BAMAKO/ DAKAR- German Foreign Minister Guido Westerwelle visits Mali and Senegal.

  • WRAPUP 1-France, Britain set stage for EU budget wrangling Wednesday, 31 Oct 2012 | 10:44 PM ET

    *France objects to proposed farm subsidy cuts. BRUSSELS/ LONDON, Nov 1- British Prime Minister David Cameron came under pressure to act tough on the European Union budget and France threatened to use its veto, signalling a divisive start to bargaining over the 1 trillion euro long-term spending plan.

  • *France objects to proposed farm subsidy cuts. BRUSSELS/ LONDON, Oct 31- British Prime Minister David Cameron came under pressure to act tough on the European Union budget and France threatened to use its veto, signalling a divisive start to bargaining over the 1 trillion euro long-term spending plan.

  • *Archer Daniels Midland bid $2.8 bln for GrainCorp. MOSCOW, Oct 31- Russian investment and trading group Summa has asked the state development bank Vnesheconombank to fund a possible acquisition of Australia's GrainCorp, sources told Reuters on Wednesday.

  • JERUSALEM, Oct 31- Potash Corp, the world's No. 1 fertilizer maker, is ramping up efforts to buy Israel Chemicals Ltd, appealing directly to Israel's prime minister to back a deal that would rank as the largest foreign takeover of an Israeli company.

  • *Wheat jumps on 300,000 tonnes Egypt purchase. LONDON, Oct 31- Commodities edged higher on Wednesday as investors dipped back into risky assets, but the sector was on track for its worst monthly loss since May as worries resurfaced about demand for raw materials.

  • WRAPUP 1-Veto threats fly in EU budget fight Wednesday, 31 Oct 2012 | 5:32 PM ET

    *France objects to proposed farm subsidy cuts. BRUSSELS, Oct 31- France joined a growing list of European Union governments threatening to veto the bloc's next long-term budget, turning up the heat at the start of divisive bargaining over a 1 trillion euro spending plan.

  • WRAPUP 1-Polish, Czech PMIs point to more weakness Wednesday, 31 Oct 2012 | 10:20 AM ET

    The figures pointed to an overall economic slowdown in the third quarter in Poland, whose impressive growth has begun to fizzle out, and an extension of the recession that has strangled the Czech economy since the last quarter of 2011..

  • Are Volumes in Equity Markets Set to Pick Up?     Wednesday, 31 Oct 2012 | 2:50 AM ET

    Michael Buhl, CEO of CEE Stock Exchange (the largest player among the stock exchanges of Central and Eastern Europe) tells CNBC that equity cash trading is picking up but a financial transaction tax is not positive for the stock exchange.

  • BUENOS AIRES, Oct 30- Argentina could lose 20 percent of its projected corn crop and 10 percent of its soy this season as violent storms lash the Pampas, turning prime farmland into unplantable mush, a local expert said on Tuesday.