March 28- China will encourage local companies to issue bonds overseas to fund projects to create a modern Silk Road, a plan to boost connectivity across Asia for which it has created a $40 billion fund, according to a framework agreement released on Saturday by the official Xinhua news agency. The so-called "One belt, One road" initiative to link Asia to Europe and...» Read More
NEW YORK, Oct 11- Advanced Micro Devices Inc:. *Shares extend decline, down 9.7 percent after the bell. ( (New York Treasury Desk; Tel: 223 6300)).
LATE AGAIN: Among the five biggest U.S. airlines, American Airlines had the worst rating for on-time arrivals in September. FLIGHT NUMBERS: FlightStats Inc. says 59.1 percent of American's flights last month were within 15 minutes of their scheduled arrival. Among the biggest carriers, Delta was tops at 88.8 percent and US Airways was next at 87.2 percent.
--Albany, N.Y.- based silicone and quartz producer Momentive Performance Materials Inc. plans to replace its existing revolving credit facility with a new $300 mil. asset-based revolving loan facility.
NEW YORK-- Is J.C. Penney breaking its promise to offer no more coupons? In its latest email to customers, the department store chain's CEO Ron Johnson not only offered an update on the recent changes at the chain, but also dangled an incentive to come back: $10 off customers' next purchase.
BOSTON, Oct 11- The pharmacy company at the center of a deadly U.S. meningitis outbreak is being investigated by Massachusetts Attorney General, the AG's Office said on Thursday.
Oct 11- American Airlines said it will cut back on passenger capacity through the first half of November, extending reductions from September and October as it canceled hundreds of flights, citing aircraft maintenance issues and pilots reporting in sick. American, a unit of AMR Corp, cut its flight schedule for September and October by 1 percent to 2 percent.
WASHINGTON, Oct 11- As many as 14,000 people- more than previously thought- received possibly tainted steroid injections tied to a deadly U.S. meningitis outbreak and patients should watch for symptoms for several months, health officials said on Thursday.
Oct 11- Team Health Holdings Inc:. *Amendment would increase existing term loan a facility from $150 million to. *Amendment will extend the maturity of the five-year $225 million revolving.
Oct 11- Buckeye Partners LP:. *Buckeye's Albany, New York terminal to provide crude oil services. at terminal in Albany, New York.
Oct 11- Annaly Capital Management Inc:. *Releases market commentary for the third quarter 2012. *Source text* Further company coverage ().
ST. LOUIS, Oct 11- Big U.S. banks should become smaller to make any failure more manageable, a senior Federal Reserve official said on Thursday, supporting a suggestion that the size of banks be limited to a specific percentage of U.S. gross domestic product. Louis Federal Reserve President James Bullard told reporters.
Oct 11- Targa Resources Corp:. *Announces third quarter 2012 dividend and distribution. *Says declared a quarterly cash dividend of 42.25 cents per share,.
Oct 11- Laredo Petroleum Holdings Inc:. *Laredo Petroleum, Inc: Laredo Petroleum Holdings Inc announces pricing of. *Says secondary public offering of 12.5 million common shares priced at $20.25.
NEW YORK-- Shares of W.R. Grace& Co. hit an all-time high Thursday, a day after an analyst said that the specialty chemicals and materials company is building up its businesses as it prepares to emerge from bankruptcy protection.
HOUSTON, Oct 11- BP Plc received a crude export license this summer from the Bureau of Industry and Security, a branch of the US Commerce Department, a source familiar with the issue said on Thursday.
Oct 11- Goldstar Minerals Inc:. *Enters into letter agreement to option pump lake property from Niogold in. *Says to acquire up to a 75% interest from Niogold.
Magistrate George Hanks Jr. in Houston ordered Alexander Fishenko and two other defendants to federal custody in Brooklyn, N.Y., where they face numerous charges. Fishenko, owner of Houston- based Arc Electronics Inc., and seven of his employees were arrested last week. Another man arrested in Houston, Shavkat Abdullaev, waived the bail request.
MADISON, N.J.-- Medical laboratory operator Quest Diagnostics Inc. said Thursday it will cut 400 to 600 management positions and reorganize its business. Quest expects to take $15 million to $20 million in charges associated with the restructuring and job cuts.