Business News


  • NEW YORK, Oct 11- U.S. crude oil stocks rose last week while distillate inventories fell more sharply than forecast, government data showed on Thursday. Domestic stocks of crude rose by 1.67 million barrels in the week to Oct. 5, the Energy Information Administration reported, as imports rose.

  • BRIEF-Sprint confirms discussions with Softbank Thursday, 11 Oct 2012 | 11:18 AM ET

    Oct 11- Sprint Nextel Corp:. investment by Softbank in Sprint. *Source text: Sprint today confirmed that it is currently engaged in discussions with Softbank regarding a potential substantial investment by Softbank in Sprint.

  • Oct 11- Eaton Vance Corp:. *Says reported assets under management of $198.2 billion on September 30. versus $192.9 billion on July 31, 2012.

  • New Issue- Kelag prices 150 mln euro 2022 bond Thursday, 11 Oct 2012 | 11:18 AM ET

    October 11- Following are terms and conditions. of a bond priced on Thursday.

  • Oct 11- Pep Boys-Manny Moe and Jack:. *Co amended and restated its credit agreement- SEC filing. *The amendment increased the size of the term loan from $147 million to $200.

  • S.Africa shares up as investors buy oversold stocks Thursday, 11 Oct 2012 | 11:18 AM ET

    JOHANNESBURG, Oct 11- South African shares rose for a second day on Thursday, as Richemont gained on an improved outlook for luxury goods and as investors piled into stocks they considered oversold following weeks of labour unrest.

  • TEXT-S&P on North American transportation sector outlook Thursday, 11 Oct 2012 | 11:17 AM ET

    Oct 11- A Standard& Poor's Ratings Services report published today looks at business conditions and rating quality for North American transportation companies for the remainder of 2012 and into 2013. The report, titled " North America's Transportation Industry Maintains A Stable Outlook Despite Slowing U.S.

  • MOSCOW, Oct 11- Russian private healthcare provider MD Medical Group will sell shares at no less than $12 per global depositary receipt at its London initial public offering later this month, financial market sources said on Thursday.

  • LONDON, Oct 11- Monitise PLC:. *John Brougham, chief financial officer, is retiring from the board with. *Nick Taylor, as group Finance director, will continue to run the finance.

  • BRIEF-ENTREC increases previously announced offering Thursday, 11 Oct 2012 | 11:16 AM ET

    *Announces increase to previously announced bought deal convertible debenture. *Says previously announced offering has been increased to $22 million at a. price of $1,000 per debenture.

  • BRIEF-Moody's affirms Bupa Insurance Ltd A2 IFSR Thursday, 11 Oct 2012 | 11:16 AM ET

    Oct 11- Bupa Insurance Ltd:. *Moody's affirms Bupa Insurance Ltd a2 ifsr, stable outlook). *Rpt-moody's affirms bupa insurance ltd.

  • New Issue- ERAC sells $1 bln in 3 parts Thursday, 11 Oct 2012 | 11:16 AM ET

    Oct 11- ERAC USA Finance LLC sold $1 billion of notes in three parts in the 144 a private placement market On Wednesday, said IFR, a Thomson Reuters service. Bank of America Merrill Lynch, Goldman Sachs and Wells Fargo were the joint active bookrunning managers for the sale.

  • *Propose unwinding of Bumi Plc. SINGAPORE/ LONDON, Oct 11- Indonesia's powerful Bakrie family has proposed splitting from financier Nat Rothschild and Bumi Plc, the London- listed miner they co-founded two years ago, after news of an inquiry into possible wrongdoing strained their already tense relations.

  • Scallop feud stirs waters between Britain and France Thursday, 11 Oct 2012 | 11:15 AM ET

    The clash came to light on Thursday when British fishermen urged the British Navy to protect them following the incident near the French port of Le Havre. "Something's got to be done about this," said John Hermse, chief executive of Britain's Scallop Association.

  • MOSCOW, Oct 11- Russian stocks edged up on Thursday, shrugging off morning losses as escalating tension over Syria pushed up oil prices, which also helped lift the rouble and Russian bond prices. Russia's markets were lifted by a rising oil price, on a day when Turkey intercepted a Russian plane bound for Syria, provoking a diplomatic row between Moscow and Ankara.

  • Ghana court upholds seizure of Argentine ship Thursday, 11 Oct 2012 | 11:14 AM ET

    The court earlier ordered the seizure of the Argentine tall sailing ship at Tema harbor following judgments against Argentina issued by the United States District Court and supported by similar court rulings in the United Kingdom. Justice Richard Agyei-Frimpong said Thursday that Argentina had not shown why the injunction on the ship should be set aside.

  • BRIEF-Griffin announces 2012 third quarter results Thursday, 11 Oct 2012 | 11:14 AM ET

    Oct 11- Griffin Land& Nurseries Inc:. *Q3 earnings per share $0.37 from continuing operations. *Q3 earnings per share $0.37.

  • Analyst sees uptick in metallurgical coal prices Thursday, 11 Oct 2012 | 11:12 AM ET

    NEW YORK-- Shares of coal mining companies surged Thursday and Dahlman Rose& Co. predicted that demand may be on the rise from steel manufacturers in China.

  • New Issue-Helaba prices 100 mln euro 2019 bond Thursday, 11 Oct 2012 | 11:12 AM ET

    October 11- Following are terms and conditions. of a bond priced on Thursday.

  • NEW YORK, Oct 11- U.S. seasonally adjusted commercial paper outstanding fell $10.2 billion in the week ended Oct. 10, according to data issued by the Federal Reserve on Thursday. U.S. commercial paper outstanding, not seasonally adjusted, fell $10.7 billion in the week. U.S. foreign bank commercial paper, not seasonally adjusted, rose $900 million.