BEIJING, March 6- China must implement an expansionary fiscal policy this year to help prevent a sharp slowdown in the economy, Finance Minister Lou Jiwei said on Friday. China's economy faces pressures from a weak global recovery and domestic constraints, including the need to cut debt levels gradually, Lou told a news conference during the annual meeting of...» Read More
WASHINGTON, Oct 12- The U.S. House of Representatives on Friday widened its investigation into the deadly meningitis outbreak to include the role health regulators played in monitoring the pharmacy that produced steroid treatments suspected of causing the crisis.
Oct 12- Fitch Ratings has downgraded 16 classes and removed from Rating Watch Negative 15 classes of J.P. Morgan Chase Mortgage Securities Trust, series 2008- C2.
NEW YORK, Oct 12- Small- and mid-capitalization stocks fell o n Friday and underperformed larger caps, with shares of LSB Industries falling after it warned on third-quarter results. Earnings in the large-cap arena began this week with results from Alcoa after the bell on Tuesday.
Our ratings on the bonds reflect the credit and liquidity support that JPMorgan Chase Bank N.A. provides in the form of LOCs. The' A+' long-term components of our ratings are based on our long-term issuer credit rating on JPMorgan Chase Bank N.A. and address full and timely payments of interest and principal when the bondholders have not exercised the put option.
DETROIT, Oct 12- Toyota Motor Co's 2013 Lexus ES and GS models have an emergency trunk lever that snaps off easily and may trap someone inside, Consumer Reports magazine said on Friday, prompting the automaker and safety regulators to review the problem.
DALLAS-- The CEO of American Eagle says he expects that the regional affiliate of American Airlines will still be sold or spun off as a separate company after American emerges from bankruptcy protection.
WORKDAY WORKS: Shares of Workday Inc. jumped 74 percent to close at $48.69 on their first day of trading Friday. ABOVE RANGE: The cloud-based human resources software provider priced shares at $28 apiece, above the projected range of $24- $26. TICKER TAPE: Pleasanton, Calif.- based Workday trades on the New York Stock Exchange under the ticker symbol "WDAY."
LONDON, Oct 12- The British government said on Friday the collapse of a Santander deal to buy 316 UK branches of state-backed bank RBS was a matter for the companies, adding that it remained committed to promoting competition in the banking sector. "This is a commercial matter for RBS and Santander," a Treasury spokesman said.
HOUSTON, Oct 12- The U.S. Nuclear Regulatory Commission said its latest analysis of seismic faults near PG&E Corp's Diablo Canyon nuclear station in California showed the coastal plant could withstand an earthquake generated by an offshore fault identified in 2008, according to a statement on Friday.
DALLAS-- American Airlines says it will do repairs on 49 more planes to prevent the seats from coming loose during flight. Airline spokeswoman Andrea Huguely said Friday that crews will add a backup locking device to seats in most of its Boeing 767 s. Huguely says the work started Thursday and will be done by Oct. 21.
Oct 12- Gulfport Energy Corp. on Friday sold $250 million of senior unsecured notes in the 144 a private placement market, said IFR, a Thomson Reuters service. Credit Suisse was the sole bookrunning manager for the sale.
NEW YORK/ WASHINGTON, Oct 12- U.S. regulators granted a last-minute reprieve to CME Group Inc and big energy traders on Friday, giving them until the end of the year to convert billions of dollars in commodity swaps to futures contracts.
WASHINGTON-- The United States has now spent $1 trillion more than it's taken in for four straight years. The Treasury Department confirmed Friday what was widely expected: The deficit for the just-ended 2012 budget year _ the gap between the government's tax revenue and its spending _ totaled $1.1 trillion.
Oct 12- Fitch Ratings has published its quarterly report' Food, Beverage, Tobacco and Consumer Stats- Second-Quarter 2012'.
NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. Wells Fargo& Co., down 93 cents at $34.25. STMicroelectronics NV, up 36 cents at $6.
Oct 12- Stillwater Mining Co:. *Moody's says stillwater's proposed debt issuance is credit positive; no. *Rpt-moody's says stillwater's proposed debt issuance is credit positive; no.
WASHINGTON-- The Obama administration is delaying a decision that had been due Monday on whether China is manipulating its currency to gain trade advantages. GOP challenger Mitt Romney has attacked the administration for not targeting China for unfair trade practices.
TORONTO, Oct 12- Toronto's main stock index pulled back on Friday and marked its worst weekly performance in four months as worries about the euro zone's crisis strategy, the upcoming U.S. election and slowing global economic growth limited the appeal of riskier assets. 0.5 percent at C $53.22, and Bank of Montreal.
Oct 12- Recent cyber attacks against Wells Fargo& Co were "pretty significant" but didn't cause customer losses or a major increase in expenses, the bank's Chief Financial Officer, Tim Sloan, told Reuters on Friday. Wells Fargo's Sloan told Reuters, "I don't want to minimize the potential damage it could cause to the industry."
Oct 12- Viking Cruises Ltd on Friday sold $250 million of senior unsecured notes in the 144 a private placement market, said IFR, a Thomson Reuters service. Wells Fargo and Credit Suisse were the joint bookrunning managers for the sale.