Business News


  • TEXT-Fitch affirms Crown's UK servicer ratings Monday, 1 Oct 2012 | 10:59 AM ET

    Oct 1- Fitch Ratings has affirmed Crown Mortgage Management Limited's UK servicer ratings as follows:.

  • LONDON, Oct 1- A senior counter-terrorism detective, who has been charged with breaching the Official Secrets Act for allegedly leaking information to Rubert Murdoch's now-defunct News of the World tabloid, appeared in court on Monday.

  • Oct 1- Bellatrix Exploration Ltd:. *Haywood raises Bellatrix Exploration Ltd price target to C $5.75;. Reuters Station users, click. 1568.

  • Stryker picks orthopedics head Lobo as new CEO Monday, 1 Oct 2012 | 10:56 AM ET

    KALAMAZOO, Mich.-- Medical device maker Stryker Corp. on Monday named Kevin Lobo, the president of its orthopedics business, as its new president and CEO, effective immediately.

  • Shares in British pharmaceutical company AstraZeneca drop 1.5 percent, the biggest loser on the UK blue-chip FTSE 100, after the company suspends its share repurchase programme with immediate effect. AstraZeneca shares plummeted on the news, losing 3 percent in the first half an hour after the announcement to hit an intraday low before recovering.

  • --HealthPartners Inc.' s operating performance has strengthened during the past two years. Rating Action On Oct. 1, 2012, Standard& Poor's Ratings Services raised its ratings on Minneapolis, Minn.- based HealthPartners Inc. to' A-' from' BBB+'.

  • Honda recalls 573,000 Accords to fix faulty hoses Monday, 1 Oct 2012 | 10:54 AM ET

    DETROIT-- Honda is recalling 573,000 Accord midsize cars in the U.S. to fix a defective power steering hose that can leak fluid and catch fire. Honda says one fire was reported but no injuries. The National Highway Traffic Safety Administration says the hoses can deteriorate prematurely, causing cracks and leaks.

  • Court won't hear appeal over TSA scanners Monday, 1 Oct 2012 | 10:54 AM ET

    WASHINGTON-- The Supreme Court won't hear a Florida man's attempt to challenge the use of full-body scanners at airports.

  • He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa. A top Morgan Stanley broker, Jonathan Madrigano, who last year managed about $2 billion in client assets left the company's brokerage division on Friday to join J.P. Morgan Securities.

  • Oct 1- Lazard Ltd has named Edward Yorke as head of its North American financial sponsors group, where he will help advise private equity firms on transactions, the firm said in a press release on Monday. Yorke joins Lazard from Credit Suisse Group AG, where he was a managing director and vice chairman of investment banking for the Americas.

  • ING shuts Eastern Europe equities ops, cuts 100 jobs Monday, 1 Oct 2012 | 10:51 AM ET

    MOSCOW, Oct 1 (Reuters- Dutch bank ING is closing its equity markets desk covering Central and Eastern Europe and Russia, with the loss of around 100 jobs, it said on Monday. The job losses were spread across offices in London, Moscow, Prague and Budapest.

  • *ArcelorMittal will look to move workers to new jobs. FLORANGE, France, Oct 1- ArcelorMittal told unions it will permanently close two mothballed furnaces in northeastern France, enraging workers who blocked access to the steel plant and management offices at the site on Monday.

  • World markets gain but Spain downgrade looms Monday, 1 Oct 2012 | 10:46 AM ET

    LONDON-- Global markets rose Monday as investors cautiously welcomed the result of stress tests of Spain's banks and upbeat U.S. economic data and looked past the threat that Moody's might downgrade the country's debt rating to junk status.

  • Police say powder at Deutsche Bank harmless Monday, 1 Oct 2012 | 10:45 AM ET

    FRANKFURT, Oct 1- Police in West Saxony said on Monday the white powder found at Deutsche Bank's offices in the town of Schkeuditz, east Germany, was not hazardous to health and did not harm any employee.

  • Oct 1- New Oriental Education& Technology Group Inc said its investigation did not find any "significant" evidence to support certain allegations raised by short-seller Muddy Waters.

  • TEXT-S&P assigns Darden Restaurants notes 'BBB' Monday, 1 Oct 2012 | 10:44 AM ET

    Oct 1- Standard& Poor's Ratings Services said today that it assigned its' BBB' rating to Orlando- based Darden Restaurants Inc.' s.

  • By Gernot Heller and James Regan. BERLIN/ PARIS, Oct 1- Airbus parent EADS and arms group BAE Systems must restructure a $45 billion merger, a top shareholder said, as a government source threatened that Britain would block talks to create the world's biggest defence company unless its demands were met.

  • Oil prices higher after manufacturing report Monday, 1 Oct 2012 | 10:43 AM ET

    The Institute for Supply Management, a trade group of purchasing managers, said Monday its index of factory activity was buoyed by a jump in new orders. A separate report from the Commerce Department says U.S. builders trimmed their activity for a second straight month in August. Benchmark crude rose 43 cents to $92.62 around 10:30 a.m. in New York.

  • Total to start production at Norway's Atla field Monday, 1 Oct 2012 | 10:43 AM ET

    OSLO, Oct 1- France's Total expects to start production at the Atla gas and condensate field in the North Sea this week, a spokesman said on Monday. There are still some issues to be solved at the host platform, "said Total spokesman Leif Harald Halvorsen.

  • By Dinesh Nair and Patrick Werr DUBAI/ CAIRO, Oct 1- Dubai's Emirates NBD. and Morocco's Attijariwafabank have bid for BNP Paribas' Egyptian retail arm, four banking sources said, as regional banks look to pick up assets being shed by European lenders.