WASHINGTON, May 22- President Barack Obama scored a major victory on Friday when the U.S. Senate voted to give him "fast-track" powers that would help wrap up negotiations on a 12- nation Pacific Rim trade deal central to projecting American influence in Asia. The Senate voted 62-37 to approve the Trade Promotion Authority bill, or fast-track as it is known in...» Read More
Oct 2- The negative rating pressure on Spanish utilities could be lessened by the government's draft reform for cutting the electricity tariff deficit, Fitch Ratings says.
LJUBLJANA, Oct 2- When Slovenia joined the euro in 2007 it had the fastest growth in the currency area and its 2 million inhabitants had some of the highest living standards in eastern Europe. Slovenia could become the first to ask for a bailout. "Slovenia was the best performer and a frontrunner among the new EU members.
JOHANNESBURG, Oct 2- South African paper firm Mondi Group has sold its 50 percent stake in its money-losing UK newsprint business to private equity firm Martland Holdings, and would likely see a loss of 71 million euros on the deal.
*Stifel cuts Gordmans Stores Inc target price to $20 from $24; rating.
Oct 2- PPL Electric utilities:. *PPL Electric utilities says construction under way; key grid reinforcement. to be in service by June 2015.
SOFIA, Oct 2- The International Monetary Fund praised Bulgaria's plans to keep its budget deficit at 1.3 percent of gross domestic product next year but urged the government to resist pressures to increase spending in an election year.
*Stifel raises Costco Wholesale Corp target price to $107 from $100;.
MADRID, Oct 2- Germany Economy Minister Philipp Roesler will pay a routine visit to Spain's Economy Minister Luis de Guindos in Madrid on Wednesday, a Spanish economy ministry spokeswoman confirmed on Tuesday.
Oct 2- LDK Solar Co Ltd said lenders to its controlling shareholder have agreed not to sell some loan-related collateral, including shares of the Chinese solar equipment maker, for 12 months.
Oct 2- A federal panel may tag American International Group Inc as "too big to fail," a move the company has been expecting and one that would sharply increase regulatory oversight of the government-rescued insurer.
STOCKHOLM, Oct 2- Saab AB:. *Says the order amounts to euro 12, 8 million. *Deliveries will be made from the business area Electronic Defence Systems in Gothenburg during 2014-2018.
*Says terms of the acquisition will not be disclosed.
MOSCOW, Oct 2- Inter RAO Lietuva, a Baltic electricity trader 51 percent owned by Russia's Inter RAO, plans to hold an initial public offering in Warsaw at the end of 2012 or the beginning of 2013, an Inter RAO official said.
The company said Tuesday that Tommy Hilfiger is doing particularly well in North America and that its planned turnaround of the Heritage Brands wholesale businesses is going better than expected. For the third quarter, PVH Corp. now anticipates adjusted earnings of $2.28 to $2.30 per share.
Oct 2- John Wiley& Sons Inc, the publisher of the "For Dummies" books, said it will buy privately held online learning services company Deltak.edu LLC for $220 million to strengthen its business with higher education institutions.
STOCKHOLM, Oct 2- IKEA, the world's biggest furniture retailer, has come under heavy criticism in its home market Sweden after it airbrushed women out of its latest catalogue in Saudi Arabia, raising questions about its policies towards gender equality. "And if there is any country in the world that needs to know IKEA's values, it is Saudi Arabia.
DETROIT, Oct 2- Toyota Motor Corp:.
ATLANTA-- Acuity Brands' fiscal fourth-quarter net income fell 3 percent, pulled down by a charge and expenses related to a plant closing. The lighting maker, which sells lights under brands including Holophane, Gotham and Synergy Lighting Controls, earned $33.3 million, or 78 cents per share, for the three months ended Aug. 31.
Shares in aerospace and defence company EADS, in merger talks with UK peer BAE Systems, rise 3 percent, gaining technical momentum after moving back above a key resistance level and with charts showing the stock's recovery rally gaining traction.
DETROIT-- Ford Motor Co. says its U.S. sales were flat in September as increases in sales of cars and SUVs were weighed down by lower truck sales. Ford's truck sales fell 7.6 percent, largely because of the discontinuation of the Ranger small pickup. The Ranger was a strong seller last September.