Business News


  • BRIEF-Meridien Resources Ltd seeks trading halt Monday, 1 Oct 2012 | 7:19 PM ET

    Oct 2- Meridien Resources Ltd:. *Trading halt sought until an announcement can be made in relation to outcome. of general meeting of shareholders.

  • WASHINGTON, Oct 1- The White House got some good news on Monday when Lockheed Martin said it would not issue notices of possible job reductions before the Nov. 6 election.

  • SEOUL, Oct 2- South Korea's annual inflation in September quickened for the first time in 10 months led by foods, but stayed below the central bank's target, backing market expectations for an interest rate cut next week.

  • BRIEF-Fortescue Metals requests trading halt Monday, 1 Oct 2012 | 7:15 PM ET

    Sydney, Oct 2- Fortescue Metals Group Ltd:.

  • NEW YORK, Oct 1- Hedge fund manager William Ackman is blaming Procter& Gamble's top management for the consumer products company's problems, but said he understands the board wants to give the CEO more time to repair years of damage.

  • SYDNEY, Oct 2- Australian shares are set to open higher on Tuesday, with resources stocks likely to underpin gains after data showed a surprising expansion in U.S. manufacturing in September.

  • Oct 1- Equal Energy Ltd:. *Announces sale of halkirk/alliance/wainwright/clair assets and substantially. *Deal for C $17.4 million.

  • Oct 1- Twoco Petroleums Ltd:. *Announces issuance of common shares. *Issued 948,256 common shares of the company at a deemed price of $0.0723 per.

  • TOKYO, Oct 2- Japan's Nikkei share average was set to rise on Tuesday after data showed U.S. manufacturing expanded in September, beating expectations, while a softer yen should lend support to export-driven stocks.

  • BRIEF-Retail Food Group Ltd seeks trading halt Monday, 1 Oct 2012 | 7:03 PM ET

    Oct 2- Retail Food Group Ltd:.

  • Oct 1- Kestrel Gold Inc:. *Exploration results obtained to date do not outweigh the economic and. political risks in taking the project forward.

  • TABLE-S.Korea Sept inflation picks up to 2.0 pct Monday, 1 Oct 2012 | 7:02 PM ET

    SEOUL, Oct 2- Following are details of South Korea's consumer price index data for September, released by Statistics Korea on Tuesday: WEIGHTING MTH/MTH YR/YR Consumer price index 100.00 0.7 2.0 By sector Agricultural, livestock, 7.76 5.2 4.1 fisheries products Industrial goods 31.77 0.8 2.5 Service sector 55.64 0.0 1.3 Other categories Core consumer price index 89.16 0.1 1.4 Fresh foods 4.17 8.8 8.6 NOTES:.

  • LONDON, Oct 2- Following are key findings from the BCC's quarterly economic survey. For the full story, click on 2012 2011 SERVICES Q3 Q2 Q1 Q4 Q3 Home sales 1 10 10 2 0 Home orders -2 5 7 -9 -3 Export sales 19 24 16 10 4 Export orders 15 19 12 -1 -2 Employment expectations 9 12 11 2 6. Investment- plant and mac. 3 5 5 2 1.

  • EU advisers to urge structural reform for banks Monday, 1 Oct 2012 | 7:01 PM ET

    *European Commission to receive recommendations on Tuesday By John O'Donnell. Bank of Finland Governor Erkki Liikanen, who led the group of academics and experts set up by the European Commission, will announce their verdict on how best to reform bank structures in the wake of the crisis that began five years ago.

  • LONDON, Oct 2- Britain's economy has lost momentum over the past few months, with firms scaling back investment and hiring plans, business lobby BCC said on Tuesday, in another sign that a meaningful economic recovery remains elusive.

  • Oct 1- U.S. prosecutors on Monday announced expanded charges against five former employees of Bernard Madoff's firm, in an indictment that dates the conspiracy to defraud clients to roughly two decades earlier than previously alleged.

  • LOS ANGELES, Oct 1- Miasole, which raised hundreds of millions of dollars as one of Silicon Valley's hottest cleantech startups, has agreed to be sold to China's Hanergy Holding Group for $30 million, according to a source familiar with the matter.

  • Oct 1- Basic Energy Services Inc:. *Prices upsized private offering of senior notes. *Says has priced an upsized private offering of $300 million of senior notes.

  • *U.S. prosecutors say expand charges against several former employees of. o'hara and George perez now charged in 33- count indictment. *U.S. prosecutors say defendants to be arraigned on Tuesday, October 2.

  • TORONTO, Oct 1- Toronto's theater district and the skyline of Canada's biggest city will be transformed by star architect Frank Gehry as a tribute to the city in which he spent his childhood under an ambitious plan unveiled on Monday. "These towers can become a symbol of what Toronto can be," Mirvish told a news conference. "