A former Goldman Sachs trader who pleaded guilty to fraudulently building a futures trade should repay $118 million to his former employer, U.S. prosecutors said.» Read More
Oct 12- Charges against a high-ranking Morgan Stanley banker accused of stabbing a New York City cab driver in a dispute over a long-distance fare are set to be dismissed, Connecticut police and the cabbie's attorney said on Friday.
The settlements "will add more collateral to a heavy amount already floating around," said Roseanne Briggen, market analyst at IFR, a Thomson Reuters unit. Markets ignored S&P's two-step downgrade of Spanish debt, reasoning that the downgrade would nudge Spain closer to requesting a bailout from the European Central Bank.
*Worries persist over whether Spain will request aid. Treasuries prices rose on Friday as data showed muted underlying U.S. inflation, with investors looking ahead to a key European summit, a possible bailout request from Spain and more data in the week ahead. Some analysts said Spain could put off asking for help.
NEW YORK, Oct 12- Institutional and retail bond investors pounced on Discover Financial's preferred offering this week for its 6.5% yield, shrugging off its single B+ rating from Moody's and Fitch and their own exposure to maturity extension risk if Treasury rates rise.
JOHANNESBURG, Oct 12- South Africa's rand weakened on Friday after ratings agency S&P downgraded the country's local and foreign currency sovereign ratings, saying underlying social tensions would increase government spending pressure and reduce fiscal flexibility.
*JPMorgan's Dimon: housing has turned a corner. NEW YORK, Oct 12- U.S. consumer sentiment unexpectedly rose to its highest in five years in October in the latest in a string of encouraging signs from the economy that may boost President Barack Obama's re-election hopes next month.
*Discussions have split controlling Peugeot family- report. The U.S. and French automakers have discussed combinations including a joint venture between GM's Opel division and Peugeot's core manufacturing arm, according to three people with knowledge of the matter.
NEW YORK-- Best Buy said Friday that it has authorized its store staffers to match online prices of competitors in some cases, as it beefs up service offerings as the all-important holiday season kicks off. Best Buy and others already offer price-matching guarantees for local competitors' brick-and-mortar stores.
--New York- based Marsh& McLennan Cos. has reported material improvement in both its business and financial profiles in recent years. Rating Action On Oct. 12, 2012, Standard& Poor's Ratings Services raised its counterparty credit rating on Marsh& McLennan Cos. to' BBB' from' BBB-'.
NEW YORK-- Shares of J.B. Hunt Transport Services Inc. gained more than 7 percent Friday as the trucking and logistics company's third-quarter results appeared to satisfy investors.
*Turkey- Syria tensions, lower N. Sea output support. The International Energy Agency's prediction of a further decline in oil consumption and higher supplies weighed on oil prices that have received support from slowed North Sea production and fears of potential supply disruptions from the Middle East.
NEW YORK-- Jamie Dimon, the CEO of JPMorgan Chase, is known as much for his swagger as for his banking savvy. Friday, when his bank reported triumphant results for the third quarter, was no exception.
The opposition campaign is funded primarily by the Confederated Tribes of Grand Ronde, which runs Spirit Mountain Casino, the nearest casino to Portland. The new Oregon casino would be owned by PDX Entertainment company, a corporation with about 19 shareholders created in March and based in Lake Oswego.
LONDON, Oct 12- Bosideng International Holdings, China's largest maker and distributor of down clothing, is eyeing store openings in Milan and New York if its first overseas venture in London proves a hit with the British capital's shoppers.
*Turkey- Syria tensions, lower N. Sea output support. Brent and U.S. crude remained on track to post weekly gains of around 2 percent, as the turmoil in the Middle East, especially in Syria, continues to intensify.
Such a move would force the new Astoria plant to boost its offer price for capacity, leading to major power price increases that would harm consumers, the New York Public Service Commission said in a release Thursday.
WASHINGTON-- Fierce and focused, Vice President Joe Biden and Republican Paul Ryan gave voters the kind of substantive showdown that was everything the presidential debate was not. "Not a single thing he said is accurate," Biden shot back when Ryan leveled a charge that President Barack Obama was projecting U.S. weakness.
NEW YORK-- Fitch Ratings is boosting some of its ratings for Cummins, citing the engine maker's improving profitability, financial flexibility and other factors. The ratings agency raised Cummins Inc.' s issuer default rating and its long-term debt ratings one notch in investment-grade status to "A" from "A-."
NEW YORK-- ABC's Martha Raddatz took a forceful approach to moderating Thursday's vice presidential debate, winning many positive reviews from instant pundits on social media but some complaints from Republicans.
NEW YORK-- If at first you don't succeed.... NBC's "The Celebrity Apprentice" is bringing back 13 players fired from past "Apprentice" contests, plus one notable winner, in the first-ever "All-Star Celebrity Apprentice."