As talks surrounding the Malaysia jet lawsuit continue, some argue the case won't have a strong chance in the U.S.» Read More
WASHINGTON, Oct 4- State Street Corp and Bank of New York Mellon Corp have submitted their living wills to banking regulators, the Federal Reserve announced on Thursday. Nine of the largest U.S. banks submitted their plans by a July deadline, including Bank of America Corp and Citigroup Inc.
WASHINGTON, Oct 4- Ninety-one people including doctors, nurses and other medical professionals have been charged with committing $430 million in Medicare fraud in seven U.S. cities, authorities said on Thursday.
*Sprint may wait until after T-Mobile USA/ MetroPCS deal-sources. *Sprint already balked at buying MetroPCS- sources* Sprint shares off 4 pct, MetroPCS shares down 2.1 pct.
WASHINGTON, Oct 4- The number of Americans filing new claims for unemployment benefits rose only slightly last week after a big drop the week before, a hopeful sign the job market is still on the mend.
Oct 4- Fitch Ratings has affirmed the' BBB' investment grade debt ratings and Issuer Default Ratings of The Mosaic Company. Demand will be enhanced by the drought and heat damage to this season's crops, particularly in the U.S. but also in Russia and India.
NEW YORK, Oct 4- Marc Lasry's Avenue Capital Group hedge fund is downsizing and laying off roughly 6.5 percent of its staff, according to an employee memo reviewed by Reuters.
BUENOS AIRES, Argentina-- The flagship of Argentina's navy has been ordered held in Africa by a judge answering a complaint from a U.S. hedge fund. Courts in the United States and Britain have granted judgments worth $1.6 billion to the hedge fund, but it and other bondholders are still suing for billions more and Argentina has refused to pay.
The gas struts, made by Koblenz, Germany- based auto supplier Stabilus, were involved in four previous recalls of about 276,000 minivans sold in the United States. They could close unexpectedly due to a leak of pressurized gas, increasing the risk of injury, according to a filing by the National Highway Traffic Safety Administration.
Barclays announced a shake up at its investment banking business aimed at streamlining the business in the face of a more challenging outlook for the industry. Wells Fargo's international group named Christopher Lewis as executive vice-president and head of global trade services.
*Turkey strikes on Syria raise regional security fears. NEW YORK, Oct 4- Oil prices jumped 2 percent Thursday as Turkey's retaliatory strikes on a Syria sparked more concern about potential disruptions to Middle East oil supply, while U.S. gasoline futures rallied after a fire at a refinery in Texas.
NEW YORK-- Marriott International Inc. is offering a mixed forecast for travel demand around the globe. Marriott expects revenue per room, a key performance measure for hotel companies, to rise 5 to 7 percent in North America in the current quarter, but only 3 percent elsewhere.
*Barclays investment bank boss Ricci unveils management shake-up- memo. LONDON, Oct 4- Barclays announced a shake up at its investment bank on Thursday as the group tries to cut costs in a tough market and reduce risks to its reputation following the Libor scandal.
LONDON, Oct 4- Britain's FTSE 100 share index stalled near the top of its recent range on Thursday, supported by prospects of global central bank stimulus but struggling to break fresh ground ahead of a potentially gloomy earnings season.
To be sure, Fidelity surveyed just 1,200 advisers and brokers at broker-dealers, banks, wirehouses, insurers and registered investment advisors- a small fraction of a group that research firm Cerulli Associates estimates at more than 300,000..
*NRC must approve of San Onofre Unit 2 restart. Oct 4- U.S. nuclear regulators said Thursday they would take months to review Southern California Edison's plan to restart a reactor at the long idled San Onofre nuclear power plant in California.
ABILENE, Kan.-- Discount retailer Alco Stores Inc. said Thursday that a key measure of revenue fell 3.8 percent because of slower consumer spending and drought. The company, formerly known as Duckwall-Alco before changing its name in July, said total revenue for the five weeks ending Sept. 30 fell 0.3 percent to $40.2 million.
NEW YORK, Oct 4- U.S. Although yields on Spanish debt have recently risen, Spain found buyers for its debt at auction, which also damped demand for safe-haven assets like U.S. government debt. "The Spanish bond auction was positive for risk assets, so that very much set the stage for Treasuries to sell off," said Quincy Krosby, market strategist at Prudential Financial.
The world's most luxurious designer brands are abandoning Argentina rather than comply with tight new government economic restrictions, leaving empty shelves and storefronts along the capital's elegant Alvear Avenue, where tourists once flocked to see the latest in fashion.
NEW YORK/ SAN FRANCISCO, Oct 4- Amazon.com Inc. Take Apple Inc, for example. Now Samsung Electronics Co Ltd, Amazon, Microsoft Corp and other tablet and smartphone makers are stepping up with big spending on TV spots, print ads, guerilla marketing stunts and over-the-top launch events.
Oct 4- Fitch Ratings expects to assign a rating of' BBB' to Ares Capital Corporation's. $200 million issuance of 4.75% unsecured convertible notes. Headquartered in New York, NY, Ares is an externally managed business development company, organized on April 16, 2004.