Dan Greenhaus, chief global strategist at BTIG, discusses his future trading strategies with Europe, saying we have to favor European equities over U.S. equities.» Read More
FORT WORTH, Texas-- American Airlines says a jet returned to Dallas-Fort Worth International Airport shortly after takeoff because of a cockpit indicator that showed a problem with the landing gear. Airline spokesman James Faulkner said Tuesday that the landing gear was still working and the plane made a safe landing.
NEW YORK, Oct 3- Hedge fund manager Daniel Loeb built a major position in distressed Greek government bonds in September, according to a monthly report he sent to his investors. Loeb's nearly $5 billion Third Point Offshore Fund gained 3.4 percent last month, helped by its position in Greek debt, said the Sept. 30 dated note which was reviewed by Reuters.
Both Stanley and Crawford joined the firm as senior vice presidents of wealth management, leading the Palmetto Advisory Group, which also includes advisers Linda Fraser, Geoffery Forsyth and Carolee McKeown and private client assistant Henry Batts.
Japan Petroleum Exploration Co Ltd climbed 4.4 percent to 3,350 yen, a five-month high, after Kyodo news agency said the company had found shale oil in Akita prefecture in northern Japan, making it the first company to begin extraction of shale domestically. **TOYOTA, HONDA RISE AFTER STRONG SEPT SALES in U.S.
NEW YORK-- Luxfer Holdings PLC's U.S. shares jumped in their first hours of trading Wednesday on the New York Stock Exchange. The initial public stock offering of the chemicals and metals maker, which is based in the U.K., priced 8 million shares at $10 each. The company had predicted that shares would price higher, from $12 to $14 each.
MIDDLETOWN, R.I.-- Satellite communications company KVH Industries Inc. said Wednesday that it has appointed Peter Rendall as its new chief financial officer. Rendall worked most recently as consulting chief financial officer at information technology recruiting firm JobSmart Partners.
COLUMBIA, S.C.-- An automotive company that specializes in plastic parts says it will build a plant in South Carolina's Greenville County that employs nearly 120 workers. The state Commerce Department said Wednesday that South Carolina Plastics LLC will spend $12 million to build a plant in Fountain Inn.
BECKER, Minn.-- Xcel Energy Inc. says it will cost as much as $200 million to repair the damage from a catastrophic turbine failure at Minnesota's largest power plant last November. Sherco plant director Ron Brevig says Xcel still hasn't determined exactly why turbine broke up, sending debris and metal flying and sparking a fire.
NEW YORK, Oct 3- U.S. companies added more jobs than expected in September, while activity in the vast services sector picked up, suggesting the economy remained on track for modest growth.
SYRACUSE, N.Y.-- The Post-Standard of Syracuse says it will lay off 115 full- and part-time employees as it moves ahead with plans to combine print and online operations to form two new companies early next year.
NEW YORK, Oct 3- Hewlett-Packard Co:.
NEW YORK-- Shares of homebuilders climbed on Wednesday as recent data continues to point to signs that the housing market is making a sustained comeback. Sales of new homes remained near a two-year high in August, the government said last week.
LONDON/ NEW YORK, Oct 3- The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs.
SAN FRANCISCO, Oct 3- Hewlett-Packard Chief Executive Meg Whitman on Wednesday blamed unprecedented executive turnover in past years for dragging out the turnaround of the sprawling Silicon Valley computing giant.
--We based our opinion of AEGON's primary servicing operation on the company's long, successful track record servicing multifamily/commercial real estate loans primarily originated for life insurance companies, experienced management team, good leverage of technology, and sound control environment.
Oct 3- Fitch Ratings affirms ORIX Capital Markets, LLC's commercial mortgage-backed securities special servicer rating of' CSS2'. The rating also incorporates the financial strength of OCM's ultimate parent, ORIX Corp.
HONOLULU-- Hawaiian Airlines plans to use a bigger plane when it launches nonstop service between Honolulu and Auckland, New Zealand in March. Hawaiian has been rapidly expanding its service to the U.S. mainland and the Asia-Pacific region. It started new routes to New York City and Fukuoka, Japan earlier this year.
UNCASVILLE, Conn.-- The parent company of the Mohegan Sun casinos says it will pay between $8 million and $10 million in severance costs as it cuts 282 jobs in Connecticut immediately and another 46 at the end of the month. The Mohegan Tribal Gaming Authority said in a regulatory filing that most of the costs will be recorded in its fourth quarter in cash payments.
CASPER, Wyo.-- A Wyoming Business Council study finds that farmers markets contributed over $1 million to the state's economy in 2011.. The results are based on responses collected by the Business Council from 14 of the 44 farmers markets operating in Wyoming. Kim Porter of the Business Council says farmers markets are a tremendous resource for communities.
PARIS, Oct 3- Louis Vuitton is branching out into luxury pens and stationery as the upmarket leather bag maker looks for new ways to retain its exclusive image, after it launched high-end jewellery and hired an expert to create a perfume.