LONDON, May 22- Twenty of the world's biggest banks have paid more than $235 billion in fines and compensation in the last seven years for a litany of misdeeds that has scarred the industry and is delaying its rehabilitation. The scale of the payouts, equivalent to the annual economy of Greece or Portugal, has hampered banks' efforts to rebuild capital, reduced...» Read More
BANGKOK-- Asian stock markets fell Wednesday following a slew of bleak U.S. corporate results, but losses were cushioned by a report suggesting China's manufacturing slump may be bottoming out. The result means that China's manufacturing shrank again, but at a slower rate than the previous month.
NEW YORK, Oct 23- Broadcom Corp on Tuesday forecast a decline in revenue for the fourth quarter due to challenging market conditions including weakness in its infrastructure chip business.
NEW YORK, Oct 23- Pollution from factories and mines is putting the health of 125 million people at risk worldwide and is as dangerous in the developing world as malaria or tuberculosis, according to a report published on Tuesday by two environmental advocacy groups.
Oct 23- Amgen Inc on Tuesday reported higher-than-expected third-quarter profit in its first full quarter under Chief Executive Robert Bradway and it raised its full-year earnings and revenue forecasts.
BEIJING-- China's manufacturing improved this month, adding to signs a recovery might be taking shape after a sharp slump in the world's No. 2 economy. A preliminary version of HSBC's monthly purchasing managers' index rose to a three-month high of 49.1 points on a 100- point scale, the bank said Wednesday.
SAN FRANCISCO, Oct 23- Facebook Inc grew mobile advertising revenue several times in the third quarter, a faster-than expected pace that helped reassure investors that the world's No. 1 social network is beginning to figure out how to earn money off smartphone and tablet users.
*Karmazin to step down on Feb. 1, 2013. Oct 23- Sirius XM Radio Inc Chief Executive Mel Karmazin will step down in February, a move that comes at a time when media mogul John Malone's Liberty Media Corp is trying to wrest full control of the satellite radio broadcaster.
NEW YORK-- Barnes& Noble Inc. said Tuesday that devices used by customers to swipe credit and debit cards have been tampered with in 63 of its stores in nine states. The stores are in California, Connecticut, Florida, Illinois, Massachusetts, New Jersey, New York, Pennsylvania and Rhode Island.
*Wall St selloff, Moody's action hit risk appetite. *HSBC's flash China PMI data, Australia CPI in focus. Traders said the market was likely to stay cautious in the lead up to HSBC's latest report on China's manufacturing sector due around 0145 GMT.
WASHINGTON, Oct 23- The U.S. Energy Department needs to explain how it will determine whether to allow more exports of the nation's bountiful supplies of natural gas, a top Democrat on the Senate Energy Committee, said on Tue sday.
Oct 23- Dow Chemical Co was forced to announce a restructuring program on Tuesday after accidentally sending a draft of its press release to a Bloomberg News reporter earlier in the day, a source on Dow's board said.
But Jay Carney, the president's press secretary, said it was only a restatement of his long-held position that the cuts were ``never meant to be implemented'' and that Obama is confident Congress will avoid them. ``First of all, the sequester is not something that I've proposed,'' he said. ``It is something that Congress has proposed.
RESTRUCTURING PLAN: The Dow Chemical Co. will eliminate about 2,400 jobs and close roughly 20 manufacturing facilities as part of a restructuring plan as it faces slowing economic growth in Europe and elsewhere.
SAN FRANCISCO, Oct 23- Facebook Inc grew mobile advertising revenue several times in the third quarter, a faster-than-expected pace that helped drive shares in the world's No. 1 social network nearly 13 percent higher.
COLUMBUS, Ga.-- Insurance company Aflac Inc. said Tuesday its third-quarter profit jumped nearly 36 percent as it reaped gains on investments and benefitted from a lower effective tax rate. Aflac reported net income of $1.02 billion, or $2.16 per share, in the July-September quarter, up from $736 million, or $1.57 per share, in the third quarter of 2011..
Oct 23- Amgen Inc on Tuesday reported higher-than-expected third-quarter profit in its first full quarter under Chief Executive Robert Bradway and it raised its full-year earnings and revenue forecasts. The quarterly results were helped by strong sales of its rheumatoid arthritis drug Enbrel and lower expenses, and Amgen shares rose more than 1 percent.
In Netflix's third-quarter earnings report, its predictions for year-end U.S. streaming subscriber growth was cut to around 5 million net additions, down from a best-case scenario of 7 million. The downward revision caused Netflix's stock to fall more than 16 percent in after-hours trading.
*DuPont drops sharply on results, UTX modestly lower. NEW YORK, Oct 23- U.S. stocks fell on Tuesday, driving the Dow industrials to the biggest drop since June 21, as weak results from index members DuPont and United Technologies showed profit growth is slowing.
FRANKFURT, Oct 23- German drugmaker Bayer said its experimental riociguat pill could become the first treatment option for some patients suffering from a life-threatening form of high blood pressure in the lungs.
SAN FRANCISCO, Oct 23- Facebook Inc posted a better-than-expected 32 percent jump in third-quarter revenue to $1.26 billion, as the company reignited advertising growth with the help of gains in mobile.