Business News


  • Oct 3- Acuity Brands Inc:. *Canaccord Genuity cuts Acuity Brands Inc price target to $74 from. Reuters Station users, click. 1568.

  • Oct 3- Paramount Resources Ltd:. *Canaccord Genuity raises Paramount Resources Ltd price target to. Reuters Station users, click. 1568.

  • Oct 3- Iron Mountain Inc:. *Barclays raises Iron Mountain Inc price target to $41 from $40;. Reuters Station users, click. 1568.

  • Oct 3- Spark Networks Inc:. *Canaccord Genuity starts Spark Networks with buy rating. Reuters Station users, click. 1568.

  • Oct 3- Time Warner Inc:. *Canaccord Genuity raises Time Warner Inc price target to $53 from. Reuters Station users, click. 1568.

  • African Markets - Factors to watch on Oct 3 Wednesday, 3 Oct 2012 | 1:03 AM ET

    *TANZANIA- Bank of Tanzania to auction a 10- year fixed rate Treasury bond. *KENYA- The Nairobi Securities Exchange and FTSE International launch the. *KENYA- Central Bank of Kenya auctions 364- day and 182- day Treasury bills.

  • SINGAPORE Oct. 3, 2012-- Standard& Poor's Ratings Services today assigned its' BBB-' foreign currency issue rating to a proposed issue of senior unsecured notes by Indian Railway Finance Corp.. The potential size of the U.S.-dollar-denominated five-year notes is about US $300 million.

  • French and Benelux stocks-Factors to watch on Oct. 3 Wednesday, 3 Oct 2012 | 12:59 AM ET

    Ipsen said that Inspiration Biopharmaceuticals had not raised third-party financing by the contractual deadline of Sept. 30 and that it was therefore no longer obligated to pay the additional $12.5 million in exchange for Inspiration equity. The parties continue to explore various options, Ipsen said.

  • Commodity trader Noble Group also dropped 2.3 percent to S $1.29 and Olam lost 1.5 percent at S $2.01, as data showed China's economy is likely to head for a seventh straight quarter of slowdown. 11:52 STOCKS NEWS SINGAPORE- DBS upgrades Singapore Exchange to' hold'.

  • Harroura is said to have previously worked for Libya's Zueitina Oil Company. Abushagur nominated Omar al-Aswad as interior minister while Abdelsalam Jadallah al-Obeidi was named as defence minister.

  • High court asked to throw out oil refinery permit Wednesday, 3 Oct 2012 | 12:56 AM ET

    SIOUX FALLS, S.D.-- Opponents of a proposed $10 billion oil refinery are asking the South Dakota Supreme Court to strike down a state permit that would allow the project to be built in the southeastern part of the state.

  • U.S. natgas futures slide 5 pct after six straight gains Wednesday, 3 Oct 2012 | 12:56 AM ET

    NEW YORK, Oct 3- U.S. natural gas futures lost ground on Wednesday after six straight days of gains, pressured by profit-taking ahead of Thursday's weekly inventory report despite cooler weather forecasts for next week that should stir more heating demand.

  • *Flaherty expresses frustration on Europe before G7 meeting. Europe is number one, it has to be number one, because it is the clear and present danger and it remains that, "he told reporters. "Things have not gotten better in Europe, because of the lack of action," he added.

  • News Summary: US service firms grew in September Wednesday, 3 Oct 2012 | 12:53 AM ET

    SERVICE FIRMS GROW: U.S. service companies grew in September at the fastest pace in 6 months, helped by a sharp increase in customer demand. Service firms employ roughly 90 percent of the work force. THE NUMBERS: The Institute for Supply Management said its non-manufacturing index rose to 55.1 in September, up from 53.7 in August.

  • *Regrets Twitter swipe at Segolene Royal* Says TV work may not be fitting, but magazine work vital* Popularity rating sinks in new poll By Brian Love.

  • KHOBAR, Saudi Arabia, Oct 3- Top oil exporter Saudi Arabia has raised its Arab Light crude price for Asian buyers in November by 90 cents, its state-owned company Saudi Aramco said on Wednesday.

  • IMF ready to help Spain - Lagarde Wednesday, 3 Oct 2012 | 12:51 AM ET

    PARIS, Oct 3- The International Monetary Fund stands ready to help Spain in multiple ways if Madrid seeks its aid, IMF chief Christine Lagarde said in a newspaper interview published on Wednesday.

  • SINGAPORE, Oct 3- Brent crude futures slipped towards $111 per barrel on Wednesday, hurt by persistent concerns over global growth and oil demand, while Europe's festering debt crisis added to uncertainty.

  • Spill from Argus Energy site in W.Va. kills fish Wednesday, 3 Oct 2012 | 12:49 AM ET

    CHARLESTON, W.Va.-- State regulators in West Virginia have ordered Argus Energy to repair a water treatment system at a Lincoln County mine site after a blackwater spill killed fish. The Department of Environmental Protection said Wednesday that the fish kill was discovered Tuesday along about a quarter-mile of Copley Trace Branch.

  • Theft of trade secrets worsening in China - U.S. business Wednesday, 3 Oct 2012 | 12:49 AM ET

    "This matter requires more attention," Jeremy Waterman, head of the U.S. Chamber of Commerce's China division, told a U.S. government panel led by the U.S.