It takes a lot of time, effort and money for them to get there, which has some American firms seeing big opportunities to cash in.» Read More
Oct 8- Media General Inc exited its nearly two-centuries-old newspaper business by selling the Tampa Tribune, and raised its revenue forecast for political advertising on its TV stations due to stronger-than-anticipated demand in key election battlegrounds.
As investors see new highs across the board, Katie Stockton, MKM Partners, explains what the technicals are saying.
SAN DIEGO-- Optimer Pharmaceuticals Inc. said Monday it is selling its remaining stake in its Taiwanese affiliate Optimer Biotechnology for $60 million. Optimer Pharmaceuticals plans to use the proceeds from the sale to fund marketing of its drug Dificid and for other general corporate purposes.
Citi Research analyst P.J. Juvekar said that could lead to more U.S. natural gas being exported to Mexico. Natural gas futures fell 2 cents to $3.38 per 1,000 cubic feet in morning trading Monday. That could affect North American producers like CF Industries Holdings Inc. and Agrium Inc..
DALLAS-- American Airlines parent AMR Corp. said Monday that a key revenue measure rose 4 percent in September although traffic declined as the carrier struggled with widespread flight delays and cancellations. American's improvement in the revenue statistic beat the results of several other large U.S. airlines.
DENVER-- A Denver brewery is offering a new beer with a kick. The Wynkoop Brewing Co. on Monday will begin offering customers a Rocky Mountain Oyster Stout, but it doesn't contain shellfish. Rocky Mountain oysters are a delicate delicacy made from bull testicles.
WASHINGTON, Oct 8- U.S. telecommunications operators should not do business with China's top telecom gear makers because potential Chinese state influence on the companies poses a security threat, the U.S. House of Representatives Intelligence Committee said in a report on Monday.
Oct 8- Gannett Co Inc said it reached a deal with Charles Ergen's Dish Network Corp on Monday avoiding a blackout that would have prevented some Dish customers in the United States from seeing content broadcast by networks ABC, NBC and CBS.
BETHESDA, Md.-- Lockheed Martin is reorganizing a portion of its business and cutting about 200 jobs. Lockheed Martin Corp. previously announced that Marillyn Hewson, who currently leads the electronic systems division, will become president and chief operating officer on Jan. 1. Kubasik will become the CEO of Lockheed Martin at the start of the new year.
--U.S. women's specialty apparel retailer Jill Holdings LLC amended financial covenants under its existing term loan. --We are also raising the issue-level rating on subsidiary JJ Lease Funding Corp.' s $120 million term loan B to' B-' from' CCC' and revising the recovery rating to' 3' from' 4'.
AKTAU, Kazakhstan, Oct 8- An outspoken critic of Kazakhstan's veteran president was jailed for seven-and-a-half years on Monday for colluding with a fugitive billionaire in a failed attempt to rally oil workers to bring down the government.
*Kirk also seeks to blacklist entire energy sector of Iran By Roberta Rampton. WASHINGTON, Oct 8- Republican Senator Mark Kirk, who last year co-authored a package of U.S. sanctions on Iran's banking and oil sectors, is working on new legislation that would further tighten the economic noose on Tehran, an aide to the lawmaker said Monday.
DEARBORN, Mich.-- AAA Michigan says gasoline prices have risen roughly 3 cents during the past week to a statewide average of about $3.91 per gallon. Of the Michigan cities it surveys, AAA Michigan said the cheapest price for self-serve unleaded fuel is in the Marquette area, where it's about $3.76 a gallon.
AUGUSTA, Maine-- There's a little good news at the pump for Maine motorists as the average retail price of a gallon of gasoline in the state has fallen more than two cents. Price-monitoring website MaineGasPrices.com reports Monday that gas dropped to $3.93 per gallon in Maine in the past week.
Morgan Stanley's Qatar head Khalid al-Subeai resigned last week to join the investment banking division of unlisted Barwa Bank, while Goldman's Qatar Chief Executive Tamim al-Kawari has joined investment bank QInvest, part-owned by Qatar Islamic Bank, as deputy CEO, according to several sources aware of the matter.
CHICAGO-- The city of Chicago has big plans for the walkway along the Chicago River. Emanuel calls the Chicago River the city's second shoreline. Emanuel says he's charged the Chicago Department of Transportation with finding creative ways to finance construction of the last six blocks of the walkway.
ATLANTA-- After a spike in crashes involving farm equipment last year, Georgia agriculture and highway safety officials are continuing an effort aimed at reducing such wrecks.
NEW YORK, Oct 8- Goldman Sachs Group's asset management unit on Monday named a former head of the U.S. Security and Exchange Commission's investment management division as its deputy general counsel. Andrew "Buddy" Donohue, who most recently was a partner in the New York office of Morgan Lewis& Bockius LLP, will join Goldman Sachs Asset Management effective Nov. 1.
Oct 8- Wal-Mart Stores Inc and American Express Co have teamed up to provide financial services to customers who often do not have traditional bank accounts by offering a prepaid debit card called Bluebird.
CARSON CITY, Nev.-- Nevada has launched a new website to help empower the state's youth in their job searches. The site is available at http://www.NevadaYouth.org and includes tips on resumes, cover letters and interviews. Brian Sandoval says Nevada's future depends on preparing youth, and is encouraging parents and teens to explore the site's resources.