HONG KONG, May 6- China's yuan edged up against the dollar on Wednesday after the central bank set a stronger midpoint, but the upside is seen as limited given expectations of further policy easing to support the cooling economy. The People's Bank of China set the midpoint rate at 6.1156 per dollar prior to market open, firmer than the previous fix of 6.118.» Read More
CHICAGO, Oct 12- There aren't too many places left to look for higher yields these days.
NAIROBI, Oct 12- Uganda's sole power distributor, Umeme, has priced its 622.38 million shares to be sold through an Initial Public Offering at 275 shillings each, a source close to the deal said on Friday. It has a 20- year electricity distribution concession in east Africa's third-largest economy.
Oct 12- Wells Fargo& Co on Friday reported a 22 percent increase in third-quarter profit on a surge in mortgage lending. Wells Fargo, the largest U.S. home lender, posted mortgage banking revenue of $2.8 billion, up more than 50 percent from a year ago.
WASHINGTON-- Japan said Thursday its security alliance with the U.S. is an important deterrent against conflict breaking out between China and Japan over disputed islands. Japan's ambassador to Washington Ichiro Fujisaki said that he trusts the leaders of China and Japan will avoid a war.
Oct 12- Cleaning services company Ecolab Inc. St. Paul, Minnesota- based Ecolab will pay about $1.7 billion in cash and issue about 8 million shares to Champion, subject to certain adjustments at and after closing. Houston- based Champion, whose competitors include Schlumberger NV, Halliburton Co and Baker Hughes Inc, had sales of $1.2 billion last year, Ecolab said.
TOKYO, Oct 12- China argued on Friday that the yuan is close to its equilibrium level as the central bank has "dramatically reduced" its intervention in currency markets, rebutting criticism that Beijing suppresses the currency to help exports.
Oct 12- Pacific Premier Bancorp Inc:. *Raymond James Raises Pacific Premier Bancorp target price to $12. Reuters Station users, click. 1568.
MILAN/ PARIS, Oct 12- Shares in STMicroelectronics rallied more than 17 percent on Friday after Bloomberg reported Europe's top semiconductor maker was considering a breakup that could lead to the sale of its struggling mobile-phone chip business. Bloomberg cited Samsung Electronics as a potential buyer for STMicro's digital assets.
Oct 12- Dollar Tree Inc:. *Raymond James Cuts Dollar Tree Inc price target to $52 from $56;. Reuters Station users, click. 1568.
*Raymond James Cuts ExactTarget target price to $31 from $34; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
LONDON, Oct 12- EDF Energy's 610- megawatt Heysham 1-1 nuclear unit went offline for an unplanned outage on Friday, the operator said.
Oct 12- Star Bulk Carriers Corp:. *Announces reverse stock split to be effective October 15, 2012. *Says has determined to effect a 1- for-15 reverse stock split of the company's.
Oct 12- AMD:* Raymond James Cuts AMD target price to $3.50 from $5.50; rating outperform. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Raymond James Starts Velti with outperform rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Raymond James cuts Avnet Inc to market perform from outperform rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
WARSAW, Oct 12- Poland's central bank and the financial regulator will present plans next week to help address the economic slowdown, Finance Minister Jacek Rostowski told parliament on Friday. "The central bank Governor told me that he will present plans on how the bank plans to battle the crisis next week.
KINGSTON, Jamaica-- Jamaica is stepping up mosquito eradication across the island and urging school children to stamp out breeding grounds to combat an epidemic of dengue fever, the Caribbean country's health minister said Thursday.
*Roth starts Acquity Group with buy rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.