Exxon Mobil said the U.S. government has allowed it to wind down activity on a Russian Arctic drilling well that has been a target of U.S. sanctions.» Read More
Oct 9- Stronger demand for aluminum products from airplane and automobile producers helped Alcoa Inc's third-quarter profit beat Wall Street's expectations, offsetting weak aluminum prices and worries about China's slumping economy.
SEATTLE, Oct 9- Microsoft Corp Chief Executive Steve Ballmer got a lower bonus than last year's, partly for flat sales of Windows and his failure to ensure that the company provided a choice of browser to some European customers.
MADRID, Oct 9- Spain's parliament voted on Tuesday to block the northern region of Catalonia from holding a referendum on independence, the latest step in a growing political battle between Barcelona and Madrid in the midst of a deepening economic downturn.
NEW YORK-- Wal-Mart Stores Inc. executives are expected to brief Wall Street analysts Wednesday on topics ranging from the retailer's plans to expand its small stores to its strategies for improving profitability in its overseas business.
LONDON, Oct 9- British online fashion retailer ASOS is set to appoint Kate Bostock, the former head of general merchandise at Marks& Spencer, as a senior executive, according to an industry source. She could be officially named in her new post, reporting to ASOS Chief Executive Nick Robertson, as early as Wednesday.
NEW YORK-- Wal-Mart Stores Inc. executives are expected to brief investors Wednesday on topics ranging from the retailer's plans to expand its small stores to its strategies for improving profitability in its overseas business.
TOKYO, Oct 10- The International Monetary Fund urged European policymakers to deepen the financial and fiscal ties within the euro area with some urgency to restore sagging confidence in the global financial system.
NEW YORK, Oct 9- IvanhoÃ© Cambridge Inc has expanded its apartment ownership in Silicon Valley, spending $234 million for a project under construction and an existing building, the real estate arm of Canadian pension fund Caisse de dÃ©pÃ´t et placement du QuÃ©bec said Tuesday.
WELLINGTON/ SYDNEY, Oct 10- The Australian and New Zealand dollars rallied on the euro on Wednesday as concerns over Spain continued to simmer, while a second session of gains for iron ore brightened the outlook for Aussie export earnings. *Support seen around $1.0175, then $1.0150, while sellers lined up around 100- DMA of $1.0251.
BRUSSELS, Oct 9- German Defence Minister Thomas de Maiziere on Tuesday declined to comment on the state of negotiations between EADS and BAE Systems but said he knew the situation well and was surprised by media reports about it.
STALL: The International Monetary Fund says the world economy has weakened further and will grow more slowly than previously expected this year and next year. REASONING: The IMF cited the risk of recession in advanced economies in Europe and in the U.S., and said the malaise is spreading to emerging economies including China.
Oct 9- Standard& Poor's Ratings Services downgraded 156 issuers and upgraded 65 globally in the third quarter of 2012, according to a Global Fixed Income Research report published today titled "Global Downgrades Dwarf Upgrades In The Third Quarter--And Europe Takes Center Stage."
DALLAS-- Neiman Marcus rolled out its annual Christmas catalog Tuesday, offering a set of "his and hers" watches paired with a trip to Paris and Geneva for just over $1 million to shoppers who aren't worried about a holiday budget. One face shows a woman on the observation deck of the Eiffel Tower, gazing toward Notre Dame.
LONDON, Oct 9- Monetary policy cannot prop up Britain's economy forever, and export-driven growth will be hard to achieve at a time when much of the rest of the world is pursuinig the same strategy, BoE Governor Mervyn King said on Tuesday.
TORONTO, Oct 9- Canada's main stock index marked its lowest close in almost two weeks on Tuesday, tracking a sell-off in world equity markets after the IMF said the global economic slowdown is worsening. sank 3.7 percent to C $39.60, Goldcorp Inc. lost 3.9 percent to C $43.45, and Manulife Financial.
NEW YORK-- Stocks slumped Tuesday on Wall Street after the International Monetary Fund predicted weaker world economic growth and as investors waited for what they expected to be lower corporate earnings. The slide came on the five-year anniversary of record high closes for the Dow and S&P 500.
PARIS, Oct 9- EADS is considering taking legal action after a series of media reports about the progress of negotiations with BAE Systems affected its share price, a source familiar with EADS thinking said on Tuesday.
--We are raising our issue-level rating on Montreal- based Resolute Forest Products Inc.' s US $850 million senior secured notes to' BB' from' BB-', and revising our recovery rating on the debt to' 2' from' 3'. --We base the revision to the recovery rating on the company's lower debt levels due to recent voluntary debt repayments from internally generated cash flows.
Oct 9- New York City's securities industry earned $10.5 billion in the first half of 2012, down from the first half of 2011, though it is on pace to end the year with $15 billion of profits, barring adverse developments, a report by the state comptroller said on T ues day.
Oct 9- Levi Strauss& Co reported lower quarterly revenue and profit, as economies in Europe and Asia slowed and the company phased out its Denizen brand in Asia. Overall, net revenue for the three months ended August 26 fell 8.6 percent to $1.1 billion, while net income at the privately held clothes maker slipped to $28 million from $32 million a year earlier.