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The world’s largest asset manager is far from being an activist investor, but it is starting to ask more questions, the New York Times reports.
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SINGAPORE, Oct 30- Gold edged down on Tuesday, heading for its biggest monthly loss since May, after disappointing corporate earnings prompted investors to sell holdings to cover losses in other markets, which have been hurt This week's focus will be Friday's U.S. non-farm payrolls report, which could shed light on the nascent labour market recovery and influence an increasingly tight election between Republican Mitt Romney and Democrat Barack Obama.
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HONG KONG, Oct 30- Asia- focused Standard Chartered said its operating profit so far this year rose by a mid-single digit rate, dented by a settlement paid to New York regulators who had threatened the bank's licence in the state over allegations it hid transactions with Iran.
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NEW YORK, Oct 30- Constellation Nuclear Energy Group's 630- MW Nine Mile One nuclear power reactor in upstate New York shut on Monday due to a problem putting power onto the grid, a spokesman at the U.S. Nuclear Regulatory Commission said.
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*Storm forced two-thirds of U.S. East Coast refineries to shut. SINGAPORE, Oct 30- Brent crude slipped below $109 a barrel on Tuesday as Tropical Cyclone Sandy shut East Coast refineries, roads and airports, reducing crude and fuel demand in the world's largest oil consumer.
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NEW YORK, Oct 29- U.S. power company Exelon Corp on Monday declared an alert at the 615- MW Oyster Creek nuclear power reactor in New Jersey due to rising ocean water from Hurricane Sandy, a spokesman at the U.S. Nuclear Regulatory Commission said. An alert is the second lowest of the NRC's four emergency classifications.
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NEW YORK, Oct 29- U.S. power company Excelon Corp on Monday declared an alert at the 615- MW Oyster Creek nuclear power reactor in New Jersey due to rising ocean water from Hurricane Sandy, a spokesman at the U.S. Nuclear Regulatory Commission said. An alert is the second lowest of the NRC's four emergency classifications.
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SINGAPORE, Oct 30- London copper rebounded on Tuesday from a near two-month low hit the session before with consumers attracted by the lower prices, although global growth worries are likely to cap gains in trade thinned by a hurricane in the United States.
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SAN FRANCISCO, Oct 29- Apple Inc CEO Tim Cook on Monday replaced the heads of its software and retail units in the company's biggest executive shake-up in a decade following embarrassing problems with its new mapping program and unpopular store-related decisions.
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NEW YORK, Oct 29- Wall Street firms were set to open with limited staffing in New York City on Tuesday as stock markets remained closed due to Hurricane Sandy's approach and many New York- based bank employees worked from home.
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SAN FRANCISCO, Oct 29- Advanced Micro Devices Inc plans to use technology from Britain's ARM Holdings Plc to make energy-efficient processors for servers, a growing business that the troubled chipmaker hopes will help offset weakness in the struggling PC industry.
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SINGAPORE, Oct 30- U.S. crude oil futures slipped to just above $85 a barrel on Tuesday, near the lowest in more than three months, as Hurricane Sandy shut East Coast refineries, roads and airports, reducing crude and fuel demand in the world's largest oil consumer.
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*EBay to take pretax restructuring charge of $15 mln. PayPal, the online payment pioneer owned by eBay Inc, said on Monday the full-time jobs would be eliminated as it combines nine product-development groups into one. EBay will take a $15 million pretax restructuring charge in the fourth quarter related to the job reductions.
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Throughout Manhattan and Brooklyn, few store owners had even bothered to board up their buildings. ''said Chris Conway, a 41- year-old who lives in the Chelsea area of Manhattan, not far from the Hudson River. ``Four different kinds of Tabasco and one jar of A-1 steak sauce.''.
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CHICAGO, Oct 29- CME Group Inc will maintain the nearly round-the-clock electronic grain-trading that it implemented in May despite criticism by some traders that the new format is hurting market liquidity, a top executive told Reuters on Monday. The exchange expanded the grain trading session to fend off a challenge from rival IntercontinentalExchange.
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TOKYO, Oct 30- Japan's Nikkei share average is expected to hold in a narrow range early on Tuesday ahead of a much-anticipated meeting by the Bank of Japan, which is widely expected to ease monetary policy.
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Oct 29- Hurricane Sandy is expected to come ashore at about 8:00 P.M. EDT on the storm-battered northeast U.S. coast, the U.S. National Hurricane Center said on Monday. Sandy was centered about 20 miles south of Atlantic City, New Jersey, the center said.
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SAN FRANCISCO, Oct 29- Stanford University alumni with entrepreneurial streaks may be particularly well placed to pay off their $41,250 tuition bills, according to a new report on venture funding. That compares to $3.8 billion by Harvard alumni, whose rank was boosted by former student Mark Zuckerberg's Facebook, CB Insights said.
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SAN FRANCISCO, Oct 29- Stanford University alumni with entrepreneurial streaks may be particularly well placed to pay off their $41,250 tuition bills, according to a new report on venture funding. That compares to $3.8 billion by Harvard alumni, whose rank was boosted by former student Mark Zuckerberg's Facebook, CB Insights said.
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WASHINGTON/ NEW YORK, Oct 29- Hurricane Sandy is shaping up to be one of the biggest storms ever to hit the United States but even with the severe damage that is expected, the blow to the economy is seen as short-term.
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Oct 29- Hurricane Sandy will close U.S. stock markets for a second day on Tuesday, as Wall Street turned its attention to whether markets would be able to resume functioning on the month's final trading day on Wednesday. NYSE Euronext and Nasdaq OMX Group, the largest two U.S. exchange operators, said they intend to reopen Wednesday, conditions permitting.