Business News


  • Visteon names veteran auto exec Leuliette as CEO Monday, 1 Oct 2012 | 9:04 AM ET

    DETROIT-- Auto parts maker Visteon Corp. has named former Dura Automotive CEO Timothy Leuliette as its new chief executive. Leuliette, 62, had been Visteon's interim CEO and chairman since Aug. 10, when Don Stebbins stepped down from the posts.

  • *To hire 80,000 seasonal associates in 2012.

  • New Issue-Eutelsat prices 300 mln euro 2022 bond Monday, 1 Oct 2012 | 9:04 AM ET

    October 1- Following are terms and conditions. of a bond priced on Monday.

  • JOHANNESBURG, Oct 1- Anglo American Plc's South African unit will face a hearing next year to determine if it is liable for miners who contracted the lung disease silicosis while working in its gold shafts, lawyers for the plaintiffs said on Monday.

  • The assessment on Beazley Furlonge Ltd.- Syndicates 0623/ 2623/ 3622/ 3623 reflects its core status to Lloyd's operation Beazley PLC. The major assessment factors are Beazley's strong competitive position, its long track record of strong operating performance, and strong enterprise risk management.

  • UPDATE 1-Bank of Slovenia slashes 2012 GDP fcast Monday, 1 Oct 2012 | 9:02 AM ET

    LJUBLJANA, Oct 1- The Bank of Slovenia has cut its growth forecasts for the small euro zone country as it struggles to avoid an international bailout, saying the economy would shrink by 1.8 percent in 2012 and 0.7 percent in 2013..

  • UPDATE 2-3M to buy Ceradyne for $860 million Monday, 1 Oct 2012 | 9:00 AM ET

    *3 M's largest deal since naming new CEO. Oct 1- 3 M Co reached an $860 million deal to buy Ceradyne Inc, a maker of advanced technical ceramics, in what is set to be the diversified U.S. manufacturer's largest acquisition since Inge Thulin took over as chief executive in February.

  • Lenzing extends CEO's contract until 2016 Monday, 1 Oct 2012 | 8:59 AM ET

    VIENNA, Oct 1- Austrian cellulose fibre maker Lenzing has extended Chief Executive Peter Untersperger's management board mandate by three years to April 2016, it said on Monday.

  • Oct 1- Information services company Markit on Monday reported its monthly final September U.S. Purchasing Managers Index for the manufacturing sector. A table of the index components follows:.

  • EU mergers and takeovers (Oct 1) Monday, 1 Oct 2012 | 8:58 AM ET

    BRUSSELS, Oct 1- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Private equity firms Carlyle and BC Partners to acquire U.S. industrial pumps maker Hamilton Sundstrand Industrial which is owned by United Technologies Corp.

  • Oct 1- Information services company Markit on Monday reported its monthly final September U.S. Purchasing Managers Index for the manufacturing sector. A table of the index components follows:.

  • NEW YORK, Oct 1- U.S. manufacturing ended its worst quarter in three years in September as foreign demand for U.S. goods fell sharply, an industry survey showed on Monday. Manufacturing Purchasing Managers Index fell to 51.1 in September from 51.5 in August, and averaged 51.4 in the third quarter.

  • Oct 1- Electronics For Imaging Inc:. *Efi expands cloud-based storefront portfolio with acquisition of online print. *Says financial terms of the acquisition were not disclosed.

  • NEW YORK, Oct 1- Chicago Federal Reserve President Charles Evans, a big booster of the U.S. central bank's policy easing move last month, said the Fed can be even more explicit about what economic conditions will influence its future decisions.

  • NAIROBI, Oct 1- Kenya's central bank said that its official usable foreign exchange reserves. fell to $5.163 billion in the week to Friday from $5.190 billion the previous week. Here are highlights from its latest weekly bulletin:.

  • Ahead of the bell: Jakks Pacific downgraded Monday, 1 Oct 2012 | 8:54 AM ET

    NEW YORK-- The holidays might not be so merry for Jakks Pacific, which earned an analyst downgrade after cutting its guidance for the year. It now expects net income, excluding one-time items, of 68 cents to 74 cents per share on revenue of $690 million to $700 million for the year.

  • Ahead of the Bell: Citi Monday, 1 Oct 2012 | 8:54 AM ET

    NEW YORK-- A Sterne Agee analyst on Monday cut his rating for Citigroup Inc. to "Neutral" from "Buy," saying that he doesn't expect the bank's shares to rise significantly any time soon.

  • TEXT-S&P summary: Beazley PLC Monday, 1 Oct 2012 | 8:54 AM ET

    Oct 01-=============================================================================== Summary analysis-- Beazley PLC----------------------------------- 01- Oct-2012=============================================================================== CREDIT RATING: Country: Ireland Local currency BBB+/ Stable/-- Primary SIC: Holding companies, nec=============================================================================== Credit Rating History: Local currency Foreign currency 09- Jun-2009 BBB+/----/--============================================================================== Rationale.

  • Opposition leader: Merkel fails to tackle crisis Monday, 1 Oct 2012 | 8:53 AM ET

    BERLIN-- The man who will challenge Angela Merkel to lead Germany next year has accused her government of failing to address the underlying causes of Europe's debt woes.

  • By Lefteris Papadimas and Dina Kyriakidou. ATHENS, Oct 1- Greece will bring forward painful budget cuts to end a decade of primary deficits while grappling with a sixth year of recession, according to a 2013 budget draft aimed at satisfying international lenders.

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