• EADS-BAE talks ongoing, decision later-French govt Wednesday, 10 Oct 2012 | 7:08 AM ET

    PARIS, Oct 10- Talks are still ongoing between Germany, France and the UK regarding a proposal to merge European aerospace and defence group EADS with Britain's BAE Systems, France's government spokeswoman said on Wednesday. A decision is to be announced later today, "Najat Vallaud-Belkacem told a weekly media briefing.

  • UPDATE 1-UK insurers say court decision saves $480 mln Wednesday, 10 Oct 2012 | 7:07 AM ET

    The decision is a boost to Direct Line, as the Royal Bank of Scotland- owned insurer battles to attract buyers to its listing on the London stock market.

  • UK PM says taking longer than hoped to fix economy Wednesday, 10 Oct 2012 | 7:06 AM ET

    BIRMINGHAM, England, Oct 10- Prime Minister David Cameron said on Wednesday it was taking longer than hoped to nurse Britain's economy back to growth and to reduce the budget deficit. "Our deficit reduction plan is not an alternative to a growth plan: it's the very foundation of our growth plan," Cameron told party activists in the English city of Birmingham.

  • Data-center company IO wins $90 million in venture cash Wednesday, 10 Oct 2012 | 7:01 AM ET

    SAN FRANCISCO, Oct 10- Data-center company IO has raised $90 million from venture-capital backers, the company said on Wednesday, illustrating the growing profile of enterprise-oriented investments compared to consumer companies in Silicon Valley.

  • *NATO says plans in place to defend Turkey from Syria. LONDON, Oct 10- Brent crude oil fell towards $114 a barrel but remained close to a three-week high on Wednesday, as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.

  • Costco's 4Q results top Wall Street's view Wednesday, 10 Oct 2012 | 6:47 AM ET

    ISSAQUAH, Wash.-- Shoppers continue to head to Costco in search of deals, helping the wholesale club operator's fiscal fourth-quarter net income and revenue climb. Consumers have been drawn to stores like Costco, BJ's Wholesale Club and Sam's Club because they feel like they are getting bargains by purchasing items in bulk.

  • BRIEF-Skywest Airlines says September traffic falls Wednesday, 10 Oct 2012 | 6:45 AM ET

    LONDON, Oct 10- Skywest Airlines Ltd:. *Skywest rpt traffic, measured by revenue passenger kilometres,. *Skywest charter traffic, which is measured by charter available seat.

  • Gloomy earnings prospects hit European stock markets Wednesday, 10 Oct 2012 | 6:40 AM ET

    LONDON, Oct 10- European shares fell for the third day running on Wednesday, pegged back by expectations of weak corporate results that may weigh on equity markets into next month.

  • Markets subdued on global growth concerns Wednesday, 10 Oct 2012 | 6:24 AM ET

    Alcoa kicked off the latest round with a warning that demand for aluminum was lower than anticipated largely because of a slowdown in China. Alcoa's warning about global demand came as the International Monetary Fund lowered its global growth forecast for this year to 3.3 percent from the previous estimate of 3.5 percent.

  • UPDATE 1-Putin backs BP's sale plan for TNK-BP - FT Wednesday, 10 Oct 2012 | 5:56 AM ET

    LONDON/ MOSCOW, Oct 10- Russian president Vladimir Putin backs BP's plan to sell its 50 percent stake in TNK-BP to state oil group Rosneft, the Financial Times reported on Wednesday, citing an interview with Rosneft Chief Executive Igor Sechin.

  • UK National Grid ups peak winter gas demand forecast Wednesday, 10 Oct 2012 | 5:50 AM ET

    LONDON, Oct 10- The UK's National Grid expects peak gas demand at 516 million cubic meters/day in the coming winter, 9 mcm/day above its preliminary forecast, it said in its outlook report on Wednesday.

  • UK insurers say court decision saves $480 mln Wednesday, 10 Oct 2012 | 5:45 AM ET

    LONDON, Oct 10- British insurers on Wednesday welcomed a court decision on the timing of a planned increase in personal injury awards, saying it would save them 300 million pounds.

  • UPDATE 1-EADS, BAE in last-ditch struggle to save merger Wednesday, 10 Oct 2012 | 5:45 AM ET

    *Doubts over German backing for $45 bln aerospace merger* UK Takeover Panel deadline at 1600 GMT* BAE shares down 1.6 pct By Sophie Sassard and Jason Neely LONDON, Oct 10- EADS and BAE Systems.

  • European shares fall further after Italy yields rise Wednesday, 10 Oct 2012 | 5:40 AM ET

    LONDON, Oct 10- European shares extended earlier losses on Wednesday, after a rise in the one-year bond yields of Italy highlighted persistent worries over the euro zone's sovereign debt crisis.

  • UK prompt gas prices firm on reduced Norwegian supplies Wednesday, 10 Oct 2012 | 5:22 AM ET

    LONDON, Oct 10- British prompt gas prices rose on Wednesday as higher demand and shortages caused by lower Norwegian exports left the market short by 23.6 million cubic metres, National Grid data showed. Flows through the Langeled pipeline that connects Norway with Britain dropped to around 13 mcm this morning, National Grid data showed.

  • *Appointment ends year-long pursuit by ASOS* Product director Robert Bready resigns from firm. LONDON, Oct 10- A year-long courting by British online fashion retailer ASOS of Kate Bostock, a former top executive at Marks& Spencer, has paid off after she agreed to join the company to help steer its rapid growth.

  • Russia's MDMG London IPO order books covered-sources Wednesday, 10 Oct 2012 | 5:15 AM ET

    MOSCOW/ LONDON, Oct 10- Order books are covered on the $300 million London listing of Russia's MD Medical Group, according to three sources close to the deal.

  • World stocks fall on US earnings worries, Spain Wednesday, 10 Oct 2012 | 5:11 AM ET

    Britain's FTSE 100 fell 0.3 percent to 5,792.95. Stock markets in Asia also posted losses, with the exception of mainland China, where shares rose a day after posting big gains on hopes that Chinese authorities were preparing sizeable steps to help reverse the decline in growth in the world's second-largest economy.

  • Qatar's QIIB eyes benchmark 5-yr dollar sukuk Wednesday, 10 Oct 2012 | 5:06 AM ET

    DUBAI, Oct 10- Qatar International Islamic Bank. HSBC, Standard Chartered and QNB Capital. QIIB's sukuk would follow a sukuk issue from Qatar Islamic Bank last week, which raised $750 million at a profit rate of 2.5 percent.

  • UPDATE 1-Regulator eases UK bank rules to support lending Wednesday, 10 Oct 2012 | 4:54 AM ET

    LONDON, Oct 10- Britain's financial regulator has relaxed capital and liquidity rules on banks in an effort to stimulate lending and boost the economy, lifting bank shares. The Financial Services Authority said on Wednesday the shift in policy was set out in the Bank of England's Financial Policy Committee in September, and banks were aware of the changes.