Bill Smead, CEO & CIO at Smead Capital Management tells CNBC's Cash Flow why he agrees with investor Warren Buffet's prediction that Fed tapering will send shockwaves through global markets.» Read More
NEW ORLEANS-- The Coast Guard says an oil sheen near the site of the massive BP spill in the Gulf of Mexico matches oil from the 2010 disaster. The Coast Guard says its tests established the oil came from the BP well.
said on Thursday in announcing it will move to Switzerland and list its shares in London, dealing a blow to the debt-crippled Greek economy. The material impact on Greece may be limited- its Greek plants will go on working and CCH said the five percent of its business that the world's second-ranked Coke bottler has in Greece will be unaffected.
PHNOM PENH, Oct 11- Cambodia has threatened legal action against two U.S.-funded radio stations, accusing them of favouring opposition parties and promoting U.S. foreign policy, sources said on Thursday.
*A Canadian naval intelligence officer pleaded guilty to spying for Russia, a public admission of an embarrassing espionage scandal that has damaged Canada's reputation among allies and will likely reverberate for years.
*Research house IDC still ranks HP in the lead* Lenovo shares rise nearly 2 pct in Hong Kong trade* HP stock touches lowest level since October By Poornima Gupta and Lee Chyen Yee.
By Matt Scuffham and Myles Neligan. LONDON, Oct 11- Shares in Direct Line set a premium on their stock market debut on Thursday, marking a milestone for parent Royal Bank of Scotland which needed a successful float of the insurance unit as a key part of its recovery plan.
*Move follows record fraud fine in United States. LONDON, Oct 11- GlaxoSmithKline, criticised in the past for keeping important information about its medicines to itself, is to lift the lid on more of its drug secrets.
-Gross foreign portfolio inflows in January to September reached $13.2 billion and gross outflows totalled $10.5 billion, resulting in a nine-month net inflow of $2.63 billion. -Inflows in September rose following news of the European Central Bank's plan to buy bonds of distressed euro zone economies and Spain's announced cuts to its budget as well as the U.S.
SEATTLE-- Kristine Nannini spent her summer creating wall charts and student data sheets for her fifth grade class _ and making $24,000 online by selling those same materials to other teachers.
*Turkey, Syria fighting stokes worries about Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.
NEW DELHI, Oct 11- India's annual exports fell for the fifth consecutive month and imports rose in September, pushing the trade deficit to its widest in 11 months in the latest bleak data from Asia's third largest economy as it struggles to balance its finances.
THE HAGUE, Oct 11- Royal Dutch Shell faces a lawsuit from four Nigerian villagers on Thursday in a case that could set a precedent for damage claims against international companies.
Oct 11- Stan Lee Media, a company that says it controls the rights to Marvel characters including Spider Man and Iron Man, has filed suit in U.S. District Court in Colorado against the Walt Disney Co seeking "billions of dollars of profits." Disney acquired Marvel Enterprises, which had been renamed Marvel Entertainment, in 2009 for $4.3 billion.
*Plans to maintain second parallel listing in Athens* Says will maintain its operations in Greece. ATHENS, Oct 11- Coca Cola Hellenic, the world's second-largest bottler of Coca-Cola Co. soft drinks and Greece's biggest firm by market value, said on Thursday it would switch its main bourse listing to London, where it hopes to tap more liquidity from investors.
Treasury Secretary Timothy Geithner said Thursday that financial reforms and other actions in response to the global crisis are yielding results, helping the U.S. economy to grow at a pace better than there was reason to expect.
*10- yr, 3- yr yield spread hits highest since March 2008. TOKYO, Oct 11- Japanese government bonds rose for the third session on Thursday, after a 30- year sale generated strong demand and as slumping stocks increased the appeal of fixed income assets.
LONDON, Oct 11- GlaxoSmithKline, criticised in the past for keeping important information about its medicines under wraps, is to lift the lid on more of its drug secrets. The European Medicines Agency recently decided to make its own data vaults containing drug company trial results available for systematic scrutiny.
LONDON, Oct 11- BAE Systems warned on Thursday that it faced uncertainty in its core market, the United States, a day after the collapse of talks with EADS.
WASHINGTON-- Republican presidential contender Mitt Romney is promising to get tough on China to help American workers, but his plans could backfire. Romney is pledging, on his first day in office, to designate China a currency manipulator, a step no administration has taken against any country for 18 years.
*Turkey, Syria fighting continues, stokes worries about Mideast supply. November Brent crude rose 60 cents to $114.93 a barrel by 0626 GMT after a volatile session on Wednesday that saw the contract rising to $115.59, its highest since Sept. 17, before settling down slightly.