The U.S. climbs further up the ranks of the world's most competitive economies, the World Economic Forum says in its annual report.» Read More
Sept 10- Apple Inc's unveiling of larger iPhones and a mobile payments service led to contrasting fortunes for GT Advanced Technologies Inc and On Track Innovations Ltd.. Shares of GT Advanced plunged a second day on Wednesday after it emerged that the company's scratch-resistant sapphire glass had been left out of Apple's new large-screen iPhones.
LONDON, Sept 10- Some European banks being checked by regulators for signs of capital weakness may be sitting on up to a trillion dollars of potentially unsafe assets because their holdings of sovereign bonds are not being fully risk assessed, a new study has found.
LONDON, Sept 9- The British subsidiary of French train and turbine maker Alstom paid around $8.5 million in bribes over a six-year period to win transport contracts in India, Poland and Tunisia, Britain's leading fraud prosecutor alleged on Tuesday.
*To buy back $4 billion of shares. LONDON, Sept 9- Swiss engineering group ABB said it would buy back $4 billion of shares, offering a sweetener to investors after a series of problems at its power systems unit and in the face of sluggish global growth.
Now they're hoping that Apple will do it for them. Next week, Apple Inc is expected to stride into the market for wearable accessories that link wirelessly up to phones and create a template for other firms that have struggled to create products consumers would want to be seen in.
*Big push into Asia as reputations damaged in U.S. ZURICH, Sept 4- Switzerland's allure as a place to stash cash has been badly damaged by a U.S.-led campaign against tax cheats, and the country's roughly 140 private banks can no longer rely on a reputation for secrecy to attract wealthy customers.
*Logitech restates 2011, 2012 results. ZURICH, Sept 4- Logitech said it would make minor adjustments to past earnings due to erroneously booking inventories, amid an investigation that the company believes it will conclude in coming weeks.
DUBAI, Sept 4- Iran's central bank has received a total of $1 billion of previously frozen oil revenue from Japan under the terms of an extended nuclear agreement with six world powers, state news agency IRNA reported on Thursday.
*Departure a "loss" for Roche- analyst. ZURICH, Sept 4- Swiss drugmaker Roche said on Thursday that Art Levinson had resigned from its board of directors with immediate effect, in order to avoid any conflict of interest given his role as chief executive at Google's Calico.
WASHINGTON, Sept 3- U.S. bank regulators plan to adopt on Wednesday rules forcing big banks to hold more assets that they could sell easily in a credit crunch, a requirement that is closely linked to the experience of the 2007-2009 financial crisis.
WASHINGTON- Federal Reserve Board of Governors holds open meeting to discuss "a final rulemaking to implement a quantitative liquidity requirement in the United States as well as a proposed rule on margin requirements for non-cleared swaps of prudentially regulated swap entities"- 1430 GMT.
GENEVA, Sept 3- The European Union is becoming more competitive but Switzerland, Singapore and the United States are the three economies to beat, an annual survey by the World Economic Forum said on Wednesday. The United States muscled into third place ahead of Finland and Germany, while Japan leapfrogged Hong Kong and the Netherlands to take sixth spot.
BERNE, Sept 2- Switzerland is not doing enough to rid itself of ill-gotten funds, despite loosening its banking secrecy, and should now beef up its law against money laundering, an global corruption watchdog said on Tuesday.
Dollar General sweetens Family Dollar bid, may go hostile. Dollar General Corp raises its bid for Family Dollar Stores Inc to $9.1 billion, and warns it may turn hostile and appeal directly to shareholders if the new offer is rejected.
LONDON- UK Treasury Chief Secretary Danny Alexander delivers speech setting out' his vision for Scotland to remain as an integral and full member of the United Kingdom' at Chatham House. MADRID- Central Bank of Peru Governor Julio Velarde speaks about monetary policy and macroeconomic stability at an event devoted to promoting investment in the country.
ROME, Sept 1- The European Union's newly nominated foreign policy chief Federica Mogherini said Russian President Vladimir Putin's Ukraine policy had resulted in economic sanctions that were hurting his own people.
LJUBLJANA- Bled Strategic Forum 2014 in Slovenia.
Shares of United Therapeutics closed up $26.14 at $117.83 on the Nasdaq, boosting the company's market value by about $1.24 billion to $5.57 billion.
In afternoon trading, United Therapeutics' shares were up $24.56, or 26.8 percent, at $116.25, after earlier rising as much as 28.7 percent to a record $118.00.
GENEVA/ LAGOS Aug 28- The Ebola epidemic in West Africa could infect more than 20,000 people, the U.N. health agency said on Thursday, warning that an international effort costing almost half a billion dollars is needed to overcome the outbreak.