Business News


  • ZURICH, Oct 12- Apple, sensitive about protecting its own designs, has struck a deal to use Swiss railway operator SBB's trademark station clock design on iPads and iPhones.

  • TEXT-S&P cuts Nacional de Reaseguros S.A. Friday, 12 Oct 2012 | 12:17 AM ET

    --On Oct. 10, 2012, we downgraded the Kingdom of Spain to' BBB-/A-3' from' BBB+/ A-2'. The outlook on Spain remains negative. The rating action follows our lowering of the long- and short-term ratings on the Kingdom of Spain on Oct. 10, 2012.

  • Man jailed after scamming Olympians' parents Friday, 12 Oct 2012 | 12:16 AM ET

    Christakis Ioannou set up websites designed to look like the official portals and received more than $646,500 for non-existent tickets from people in 35 countries. Olympians from France and Greece were among his victims.

  • Caterpillar says two more executives will retire Friday, 12 Oct 2012 | 12:16 AM ET

    Oct 12- Two vice presidents at Caterpillar Inc. The retirements of four senior executives at nearly the same time, as well as the shuffling of five other executives to different positions, come less than a month after Chief Executive Doug Oberhelman cut Caterpillar's 2015 earnings forecast, citing slumping demand and rising commodity prices.

  • BRIEF-MGold appoints Scott Hamilton as CFO Friday, 12 Oct 2012 | 12:13 AM ET

    Oct 12- Mgold Resources Inc:. *Announces appointment of chief financial officer and corporate secretary. *Source text* Further company coverage.

  • Oct 12- NPS Pharmaceuticals Inc:. *S&P Capital IQ raises NPS Pharmaceuticals price. Reuters Station users, click. 1568.

  • BANGKOK/ SINGAPORE, October 12 Fitch Ratings has assigned Krung Thai Bank Public Company Limited's (KTB;' AA+'/ Outlook Stable) upcoming unsecured subordinated debentures of up to THB15bn, with an option to issue a further amount of up to THB10bn, a National Long-Term rating of' AA'.

  • LISBON, Oct 12- The European Union must improve political coordination around the aerospace industry to avoid events like Wednesday's collapse of the merger between defence groups BAE Systems and EADS, the president of the sector's European association said on Friday.

  • TEXT-S&P raises SEAT PagineGialle rating to 'B-' Friday, 12 Oct 2012 | 12:09 AM ET

    --Italy- based classified directories publisher SEAT PagineGialle SpA. Rating Action On Oct. 12, 2012, Standard& Poor's Ratings Services raised to' B-' from' CCC' its long-term corporate credit rating on Italy- based classified directories publisher SEAT PagineGialle SpA.

  • Webster Financial 3Q net income climbs Friday, 12 Oct 2012 | 12:09 AM ET

    WATERBURY, Conn.-- Webster Financial's third-quarter net income climbed 7 percent as the company gave out more loans and deposits grew. The parent company for Webster Bank earned $44.4 million, or 48 cents per share, for the three months ended Sept. 30.

  • Oct 11- Two of Caterpillar Inc's five group presidents are retiring, a loss of key talent as the world's largest maker of tractors, excavators and other heavy equipment tries to navigate the rough global economy.

  • By John Whitesides and Andy Sullivan. Vice President Joe Biden leaped to the attack against Republican challenger Paul Ryan in a lively debate on Thursday, aggressively defending the administration's economic and foreign policies in a bid to regain momentum in the White House race.

  • F1 and Speed channel splitting after this season Friday, 12 Oct 2012 | 12:07 AM ET

    Fox Sports Media Group, which owns Speed, confirmed Friday that the partnership will end after this season. "It's disappointing to learn that F1 has elected to move forward with a different media partner," Fox Sports Media Group said in a statement to The Associated Press.

  • Argentina Supreme Court OK's sex slave's abortion Friday, 12 Oct 2012 | 12:06 AM ET

    BUENOS AIRES, Argentina-- Argentina's Supreme Court has ruled that a woman rescued from a prostitution ring must get the abortion she wants, and chastised public officials who put her in the center of a political firestorm.

  • LOS ANGELES, Oct 12- The retired space shuttle Endeavour set off on Friday for a trip unlike any of its previous journeys, one in which it will crawl through the streets of Los Angeles instead of hurtling through space.

  • Oct 12- First Asset Energy& Resource Fund:. *Announces normal course issuer bid for units. *Acceptance by tsx of fund's notice of intention to make a normal course.

  • Celgene gets new Abraxane marketing approval Friday, 12 Oct 2012 | 12:04 AM ET

    SUMMIT, N.J.-- Celgene Corp. said Friday it won a new marketing approval for its drug Abraxane. Shares of Celgene advanced $1.66, or 2.1 percent, to $79.38 in morning trading.

  • TOKYO, Oct 12- Japanese wireless service provider Softbank Corp is in talks with three major Japanese banks to borrow $23 billion to finance a bid for U.S. operator Sprint Nextel Corp, sources with direct knowledge of the matter told Reuters on Friday.

  • LONDON, Oct 12- Diamond Circle Capital PLC:. *Sold a further three diamonds out of remaining portfolio of six diamonds for. *Continues to explore& consider all opportunities to realise remaining.

  • *Developer Caruso won't enter LA mayoral race Friday, 12 Oct 2012 | 12:00 AM ET