"The Interview" may be coming soon to a theater near you after all.» Read More
NEW YORK-- An analyst lowered his rating on Wendy's Co. on Monday, saying that he has concerns that a key revenue metric may disappoint in the third quarter.
Oct 1- U.S. egg supplier Cal-Maine Foods Inc. Cal-Maine posted a first-quarter profit of $9.4 million, or 39 cents per share, up from $3.1 million, or $13 cents per share, a year earlier. Jackson, Mississippi- based Cal-Maine's shares closed at $44.94 on Friday on the Nasdaq.
LONDON, Oct 1- Brent crude fell below $112 per barrel on Monday, reflecting investor concerns that a shaky global economy may hurt oil demand following fresh signs of weakness in China and Japan and evidence of a new recession in the debt-saddled euro zone.
LONDON-- European stocks edged higher on Monday as investors cautiously welcomed the result of stress tests of Spain's banks. But the threat that Moody's might downgrade the country's debt rating to junk status limited gains. Britain's FTSE 100 rose 1 percent to 5,800.63 while Spain's Ibex was up 0.6 percent at 7,752.10.
SINGAPORE, Oct 1- The Asian naphtha price was at a two-session low of $973 a tonne on Monday but margins were up for the fourth session to reach a three-week high of $134.43 a tonne as strong gasoline demand in the West continued to support the market. The strong gasoline demand in the U.S. and West Africa have likely caused Europe to cut back on its naphtha exports.
*Price to hold steady ahead of U.S. jobs numbers* Platinum firm; unrest in South Africa continues By Amanda Cooper. LONDON, Oct 1- Gold steadied just below one-week highs on Monday, after posting its strongest quarterly gain in over two years, and looked set to hold fairly firm ahead of a key U.S. report on employment later this week.
WASHINGTON-- U.S. manufacturing likely shrank in September for the fourth straight month, a troubling sign that growth will stay weak. Economists surveyed by FactSet forecast that the Institute for Supply Management's manufacturing index was unchanged at 49.6. Europe's financial crisis has plunged much of that region into recession.
KABUL, Oct 1- Afghan journalists are claiming a small victory in their battle for press freedom after the government agreed to some softening of media restrictions, industry representatives said on Monday. The Ministry of Information and Culture agreed to five of 19 changes suggested by journalists.
CAIRO, Oct 1- The IMF has delayed sending a team to Cairo to negotiate a $4.8 billion loan while the Egyptian government works to complete its economic reform programme, a newspaper quoted the country's Finance Minister as saying. Egypt was due to receive a team from the International Monetary Fund at the end of September to discuss the terms of the loan.
LONDON, Oct 1- Private equity investor KKR. Other private equity firms have been active in the sector too, with Apollo leading a consortium to buy El Paso Corp's oil and gas exploration business in February. Morgan Cazenove and Simmons& Company International jointly advised First Reserve and Acteon while HSBC advised KKR.
By Rieka Rahadiana and Neil Chatterjee. JAKARTA, Oct 1- Indonesian exports and imports fell the most in three years in August, suggesting weakening third quarter growth for Southeast Asia's biggest economy that is likely to lead the central bank to keep benchmark interest rates at a record low all year.
HELSINKI, Sept 30- Phone maker Nokia Oyj. will announce on Monday a deal that will give Oracle Corp's customers access to its mapping services, Nokia said on Monday. In stark contrast with Nokia's troubled phone business, sales at Nokia's location business grew last quarter, although it still generates only 4 percent of group revenue.
KABUL, Oct 1- Afghan journalists are claiming a small victory in their battle for press freedom after the government agreed to some softening of media restrictions, industry representatives said on Monday. The Ministry of Information and Culture agreed to five of 19 changes proposed by journalists.
"Switzerland can't stay unscathed by the global economic slowdown," said Sarasin currency strategist Ursina Kubli. " We think Switzerland will be spared a recession but the risks remain. " "A technical recession in Switzerland is being confirmed, I'd say we're shaping up for three negative quarters rather than two," said Julius Baer chief economist Janwillem Acket.
Athens needs the lenders to approve a proposed package of spending cuts and tax hikes to receive the next installment of emergency loans intended to keep Greece from defaulting on its massive debts. Britain's FTSE 100 rose 1 percent to 5,801.13. In Asia, markets in China, Hong Kong and South Korea were closed for public holidays.
*FTSEurofirst 300 index rises 0.9 percent. LONDON, Oct 1- European shares rose on Monday, bouncing off three-week lows and a major technical support at the start of the new quarter as investors took advantage of price dips to increase their exposure to sectors such as banks and chemicals. At 0848 GMT, the FTSEurofirst 300 index.
Oct 1- General Motors Co is recalling about 41,000 Chevrolet, Pontiac and Saturn cars in the United States because of concerns that a defective plastic part might cause a fuel leak, according to the National Highway Traffic Safety Administration.
ZURICH, Oct 1- The outlook for Swiss industry darkened further in September, highlighting the risk of a recession due to sluggish growth in the euro zone and the United States and reinforcing the need for the central bank's cap on the strong franc. "Switzerland can't stay unscathed by the global economic slowdown," said Sarasin currency strategist Ursina Kubli. "
CHICAGO, Oct 1- Lending to small U.S. businesses rose in August for a second straight month, a report showed on Monday, a sign the economy may have been regaining its footing even before the U.S. central bank's latest round of stimulus.