FRANKFURT, April 18- Senior members of Volkswagen's supervisory board were prepared to demand Chairman Ferdinand Piech's resignation had he not agreed to a statement backing Chief Executive Martin Winterkorn, a German newspaper reported on Saturday. Reuters reported on Friday that Piech had been isolated at the Thursday meeting in Salzburg, with all five...» Read More
NEW YORK-- Wendy's pigtails are getting a tweak. In an interview with The Associated Press, CEO Emil Brolick said the current logo had served the company well for the past three decades, but that it was time for an update. It's only the fifth logo update since founder Dave Thomas opened the first Wendy's in 1969, and perhaps the most significant.
NEW YORK-- The NHL and the players' association resumed meetings Thursday to try to end the monthlong lockout. Although it has been a week since the NHL called off the first two weeks of the regular season, that sting will be felt full force Thursday when what should have been opening day passes without a puck hitting the ice.
FORT WORTH, Texas-- American Airlines says it will cut passenger-carrying capacity by 1 percent in the first half of November as it tries to recover from widespread delays and a spike in cancelations. American said Thursday that the pullback will give it more time to return to normal operations without affecting holiday travel.
Oct 11- Moody's rates Harman International Industries senior unsecured bank credit facilities Baa3.
Oct 11- Foreclosure filings on U.S. homes in September fell to their lowest level in five years, but some states are still seeing their foreclosures rise, a report from RealtyTrac said on Thursday. The overall decrease put the combined number of reported default notices, scheduled auctions, and bank repossessions at 180,427- the lowest total since July 2007.
Oct 11- The CDS of big box retailers Home Depot and Target have tightened significantly in recent months, but have the potential to widen in the months ahead as consumer spending is expected to increase only moderately.
DETROIT, Oct 11- Ford Motor Co, vying to challenge Toyota Motor Corp's dominance in the hybrid market, said on Thursday that its 2013 C-Max Energi plug-in hybrid gets 100 miles per gallon, beating the 2012 Prius by about 5 percent.
KUALA LUMPUR, Oct 11- Malaysia's industrial production. Last week the government reported a 4.5 percent drop in August exports, the biggest year-on-year decline in nearly three years, pulled down by lower shipments to the European Union and China.
BRUSSELS, Oct 11- The creation of a unified European airspace is seriously off track, potentially requiring the European Union to use sanctions to force compliance from member states, European Commissioner for Transport Siim Kallas said in Cyprus on Thursday.
Oct 11- Venture capital firm Panorama Capital and others have invested $10 million in video technology company Skyfire, which plans to expand into European and Asian markets on the back of surging usage of video on wireless devices.
MUMBAI, Oct 11- Shares in India's Suzlon Energy. About $221 million in dollar convertible bonds issued by Suzlon are due on Thursday. Suzlon shares were down 4.2 percent at 0359 GMT, compared to a 0.16 percent fall in the NSE index.
Moody's has Spain on review for a possible downgrade. Italy's government expects to raise at least 1 billion euros from the financial transaction Rome aims to introduce starting from the beginning of next year, daily Il Corriere della Sera said on Thursday.
DAILY INDICATORS Wednesday Previous Taka/US$ 81.25-81.305 81.30-81.34. Call money rate 08.00-08.50 07.50-09.50.
Oct 11- Moody's Investors Service has assigned a Ba3 senior unsecured rating to Longfor Properties Company Limited's proposed bond issuance.
SHANGHAI, Oct 11- China's average daily crude steel output fell to 1.843 million tonnes between Sept 21-30, down 0.74 percent from the preceding 10 days, data from the China Iron& Steel Association showed on Thursday.
MUMBAI, Oct 11- Nomura downgraded Bharat Heavy Electricals Ltd to' reduce' from' neutral', saying a revival of new orders was "unlikely" and lower-than-expected coal supply could lead to order cancellations. Rising competition and falling utilisation could also impact margins, Nomura added.
SINGAPORE, October 11 Fitch Ratings says Singapore- based First Ship Lease Trust's rating is not affected by a restructuring agreement of one of its lessees, Denmark- based TORM A/S, with its banks and tonnage providers. FSLT is rated Long-Term Issuer Default' B+' with Negative Outlook.
By Samuel Shen and Fayen Wong. SHANGHAI, Oct 11- Two Chinese fund houses have launched funds focused on the domestic commodities futures market as they look to tap into the burgeoning market that regulators have cautiously opened to local financial institutions this year.
Shares in Indonesian shipping firm PT Pelayaran Nelly Dwi Putri Tbk gained as much as 45.8 percent after its trading debut on Thursday. Pelayaran Nelly was the seventeenth company to list on the Indonesian stock exchange this year. Its IPO, which aimed to raise 58.5 billion rupiah, was priced at 168 rupiah a share.