Markus Schomer, Chief Economist at PineBridge Investments, says the pick up in July's housing starts is in line with other economic data, indicating a good recovery picture in the U.S..» Read More
NEW YORK-- Shares of Owens-Illinois gained 5 percent on Friday as a Goldman Sachs analyst boosted the glass container company's rating and price target, citing a recent change to its capital allocation strategy. THE SPARK: Alex Ovshey raised Owens-Illinois Inc. to "Buy" from "Neutral" and increased its 12- month price target to $28 from $20.
SAO PAULO-- The man who has headed the Olympic movement in Brazil for decades and helped bring the Summer Games to Rio de Janeiro is set to extend his rule amid increased criticism and accusations of wrongdoing.
TALLADEGA, Ala.-- Kyle Busch apologized Thursday to manufacturer Toyota Motor Corp. for his profanity-laced rant about the fuel mileage at Dover. Busch unleashed a string of profanities directed at Toyota on his in-car radio, and did not do media interviews after the race.
Manning and Hardaway join a minority group that includes singer and actor Justin Timberlake and a couple of Memphis businessmen, the person told The Associated Press on Thursday on condition of anonymity because Pera's purchase of the Grizzlies is pending approval by the NBA.
--World Financial Network Credit Card Master Note Trust's issuance is an ABS securitization backed by a collateral certificate representing an ownership interest in the receivables held by World Financial Network Credit Card Master Trust.
*Canadian PM says CNOOC bid raises difficult issues. *Government deciding whether to approve CNOOC bid for Nexen.
*Danone keeps Vitasnella milk derivatives. *Mondelez makes over a third of sales in Europe. MILAN/ PARIS, Oct 5- Kraft Foods Europe, which is being integrated in spun-off snack giant Mondelez International, is buying Italy's Vitasnella snack business from French foods maker Danone for an undisclosed sum as part of its consolidation plans in Europe.
*Exports to China down 10.6 pct on yr; up 15.4 pct to Japan. KUALA LUMPUR, Oct 5- Malaysia's August 2012 trade data released by the Trade Ministry on Friday:. *Reuters poll: Malaysia's August exports seen lower for second month.
*BAE Systems wanes on EADS merger concerns. LONDON, Oct 5- UK equities rallied on Friday as better than expected employment figures in the United States, the world's biggest economy, spurred buying of commodity stocks and banks. "To see the rate of unemployment fall so much was a big surprise," said Oliver Wallin, investment director at Octopus Investment.
NEW YORK, Oct 5- A gauge of online labor demand in the United States declined in September, though the number of jobs available was up from a year ago, the operator of a job search website said on Friday. Monster Worldwide Inc, an online careers and recruiting firm, said its employment index slipped 1.9 percent to 153 points last month from 156 in August.
SPOKANE, Wash.-- Clearwater Paper Corp. said Friday that it has named Linda Massman as its next CEO. The company also said Friday that its vice chairman and lead director of the board, Boh Dickey, will take over as chairman of the board beginning Jan. 1. Clearwater Paper, based in Spokane, Wash., makes tissue, paperboard and pulp.
*South Korea's biggest refiner SK Energy received Iran cargo on Oct 2. *Iran has $5- 6 bln in bank accounts in South Korea- govt source.
Oct 4- 3 M Co:. *Says 3 M unitek and 3 M innovative properties have filed a lawsuit against rmo. orthodontic braces in Los Angeles.
MEMPHIS, Oct 4- The United States faces a debt problem, but any suggestion that the burden can be eased by allowing inflation to rise will just result in higher borrowing costs in the future, a senior Federal Reserve official said on Thursday.
TOKYO, Oct 5- Asian shares rose and the euro clung on to most of its overnight gains on Friday as investors awaited a key U.S. jobs report, sustaining a positive mood after the European Central Bank said it stands ready to buy bonds of troubled euro zone countries.
SAN ANTONIO, Oct 4- Actress Daryl Hannah was arrested in Texas on Thursday after she stood in front of an earth-moving machine clearing ground for the construction of the controversial Keystone XL pipeline, her representative said.
Oct 4- Dish Network Corp said the broadcasting arm of newspaper publisher Gannett Co Inc has threatened to withdraw broadcasting on the satellite TV provider if it does not block the commercial-skipping feature on its digital video recorders or agree to pay massive penalties.
*Asian shares rose and the euro kept most of its overnight gains on Friday as investor risk aversion eased after the European Central Bank said it was ready to buy bonds of troubled euro zone countries, while markets awaited a key U.S. jobs report.
*Turkey- Syria conflict stokes supply fears. SINGAPORE, Oct 5- Brent futures slipped towards $112 per barrel on Friday, but is on course to end a choppy week nearly flat as rising tensions in the Middle East battled with perennial worries about the global economy and oil demand.
SYDNEY, Oct 5- Australian shares gained 0.7 percent to a 14- month high on Friday, with mining stocks rising and the market supported by a fourth day of gains on Wall Street ahead of a U.S. payrolls report later in the day.