Business News


  • BRUSSELS, Oct 5- The European Union has closed investigations into whether the United States illegally subsidised and dumped bioethanol on the European market, finding no evidence of such moves, according to documents seen by Reuters.

  • *Suit brought on behalf of boys seeking gay therapy Friday, 5 Oct 2012 | 10:09 AM ET
  • FleetMatics rises in IPO debut Friday, 5 Oct 2012 | 10:09 AM ET

    Oct 5- Shares of FleetMatics Group Plc rose as much as 36 percent on their debut, a day after the Irish fleet management software provider priced its initial public offering at the high end of its expected price range.

  • *Zynga shares slide after warning, Facebook slips. *Sprint could counterbid on PCS- sources. NEW YORK, Oct 5- U.S. stocks rose on Friday, with the S&P 500 up for a fifth straight day and set to close at its highest since 2007, after government data showed a surprise drop in the unemployment rate.

  • *Romney claims Obama would raise taxes Friday, 5 Oct 2012 | 10:08 AM ET
  • October 5- Following are terms and conditions. of a bond increased on Friday.

  • Portugal back on investor radars Friday, 5 Oct 2012 | 10:06 AM ET

    LONDON, Oct 5- Portugal's first dabble in the capital markets in over a year, coupled with a show of support from the ECB over future bond-buying has sparked renewed investor interest in the credit.

  • UPDATE 7-Oil holds above $112 after U.S. jobs data Friday, 5 Oct 2012 | 10:06 AM ET

    *Turkey- Syria violence stokes supply concern. LONDON, Oct 5- Oil held above $112 per barrel on Friday after figures showed fewer people out of work in the United States, the world's biggest oil consumer.

  • NXP Semiconductors narrows 3rd-quarter forecasts Friday, 5 Oct 2012 | 10:05 AM ET

    NEW YORK-- Dutch chip maker NXP Semiconductors is narrowing its third-quarter adjusted earnings and revenue forecasts. The company said Friday that it now anticipates adjusted earnings between 53 cents and 59 cents per share. Analysts expect third-quarter earnings of 56 cents per share, according to FactSet, with estimates ranging from 55 cents to 58 cents..

  • HELSINKI, Oct 5- Nuclear consortium Fennovoima said on Friday it had not yet picked a reactor for its nuclear plant in northern Finland, after a paper reported a Fennovoima's boss complementing Toshiba's cooling system over Areva's.

  • *Fred Hassan to become nonexecutive chairman in January. Oct 5- Avon Products Inc said Executive Chairman Andrea Jung, who was replaced as chief executive officer in April, would step down from the board at the end of 2012, ending what became a tumultuous tenure in recent years and sending the company's shares up nearly 6 percent.

  • *C$ strengthens to C $0.9746, or $1.0261. The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, while Canada added a thumping 52,100 jobs, almost all of them full-time, defying expectations and bolstering the Bank of Canada's case for an eventual interest rate rise.

  • Oct 5- Fitch Ratings has affirmed Merck& Co.' s ratings as follows:. The ratings apply to approximately $21.5 billion in outstanding debt including the recent $2.5 billion debt issuance.

  • Oct 5- The U.S. brokerage unit and a European unit of the former Lehman Brothers Holdings Inc said they settled a dispute over $38 billion in asset claims, a major step toward customers and creditors recovering money.

  • Notion US jobs number rigged "ludicrous": Solis Friday, 5 Oct 2012 | 10:00 AM ET

    Labor Secretary Hilda Solis, in response to questions from a television anchor casting doubt on the validity of the latest jobless rate figures, said the idea it was manipulated is "ludicrous." "I'm insulted when I hear that, because we have a very professional civil service organization.

  • Vt. telecom firm gets $2M to expand wireless Friday, 5 Oct 2012 | 10:00 AM ET

    Peter Shumlin said Thursday that cell telephone and data service in parts of rural Caledonia and Orange counties will improve, thanks to a $2 million federal grant to the telecommunications company VTel.

  • NEW YORK, Oct 5- The failure of the U.S. housing market to fully respond to the Federal Reserve's easy money policies remains a headwind to overall economic growth, an influential U.S.

  • W.Va. regulators outline Century power rate plan Friday, 5 Oct 2012 | 9:59 AM ET

    CHARLESTON, W.Va.-- Century Aluminum Co.' s shuttered West Virginia plant would pay a special electricity rate for up to 10 years if it reopens, but ultimately must cover its entire energy costs from that time, the state's utility regulator ruled Thursday.

  • *ends partial lock-out until Oct 12; shut since Monday* Mumbai staff hold protest march over unpaid salaries* CAPA suggests voluntary shutdown to restructure.

  • *Ivory Coast pushing power infrastructure upgrades. ABIDJAN, Oct 5- Construction will begin on a 275- megawatt hydro power station in Ivory Coast by year-end supported by a $556 million low-interest loan from China's Export-Import Bank, a top energy ministry official said.