Business News


  • Oct 1- Bombardier Inc, the world's largest train maker, said it won two contracts totaling about 121 million euros for rail networks in Germany and Malaysia. Separately, it said it will also supply five double-deck trains to Deutsche Bahn AG, the German national railway company, for about 50 million euros.

  • U.S. stocks advisory Monday, 1 Oct 2012 | 10:14 AM ET

    NEW YORK, Oct 1- For story, please click on.

  • *UK manufacturing drops faster in Sept- PMI. LONDON, Oct 1- Lending to British consumers fell in August and manufacturing activity shrank in September, weighing on prospects of a sustainable economic recovery in the coming months.

  • Anbaric does not intend to buy German TenneT ops Monday, 1 Oct 2012 | 10:13 AM ET

    FRANKFURT, Oct 1- U.S. energy transmission developer Anbaric Transmission said it does not intend to bid for the German operations of Dutch power grid operator TenneT. now or in the future. Anbaric reacted to a media report which said the group is mulling taking a stake in German power grid operator TenneT and wants to invest around $4 billion.

  • Autodesk buys software technology from HSMWorks Monday, 1 Oct 2012 | 10:12 AM ET

    SAN FRANCISCO-- Autodesk Inc. said Monday that it has bought certain assets of HSMWorks so it can add software to control machinery to its portfolio of software used in computer-aided manufacturing.

  • Analysis: Candidates' deficit plans don't add up Monday, 1 Oct 2012 | 10:12 AM ET

    As the government closed the books Sunday with a $1.1 trillion deficit for the year, which required borrowing 32 cents for every dollar it spent, budget analysts have little confidence in either man's plan to address the accumulating debt, now at about $16 trillion.

  • NEW YORK, Oct 1- The U.S. manufacturing sector expanded in September, shaking off three months of weakness as new orders and employment picked up, an industry report showed on Monday. JOSEPH TREVISANI, CHIEF MARKET STRATEGIST, WORLDWIDE MARKETS, WOODCLIFF LAKE, NEW JERSEY. CRAIG DISMUKE, CHIEF ECONOMIC STRATEGIST, VINING SPARKS, MEMPHIS, TENNESSEE.

  • *3 M in $860 million deal to buy Ceradyne. *Ceradyne shares surge 43 percent; 3 M, Honeywell also gain By Scott Malone. Oct 1- 3 M Co and Honeywell International Inc signed separate takeover deals to expand their broad lineups of industrial goods at a time of uncertainty for the U.S. economy, the top U.S. manufacturers said on Monday.

  • Rulemaking will likely delay NY gas drilling plans Monday, 1 Oct 2012 | 10:11 AM ET

    ALBANY, N.Y.-- New York regulators expect to reopen their rulemaking process for natural gas drilling using hydraulic fracturing, casting doubt on whether a 4- year-old moratorium on development will be lifted before next year.

  • Swiss referendum on tax deals unlikely to go ahead Monday, 1 Oct 2012 | 10:11 AM ET

    *Austria, Britain deals can come into force in January. ZURICH, Oct 1- Deals with Germany, Britain and Austria to tax secret Swiss bank accounts appear unlikely to go to a referendum in Switzerland after opponents of the plan failed to submit enough signatures.

  • Oct 1- Agnico Eagle Mines Ltd:. *Dundee raises Agnico Eagle Mines target price to C $70 from C $57;. Reuters Station users, click. 1568.

  • Hospital operator Tenet plans stock split, buyback Monday, 1 Oct 2012 | 10:10 AM ET

    DALLAS-- Hospital operator Tenet Healthcare Corp. plans acquisitions, a new share repurchase program and a 4- to-1 reverse stock split to help speed up growth and improve the value of its stock for shareholders.

  • CANADA STOCKS-TSX up 1 percent to 1-week high Monday, 1 Oct 2012 | 10:10 AM ET

    TORONTO, Oct 1- Canada's main stock index rose 1 percent to its highest in more than a week on Monday, as investors started the new quarter hoping for aggressive action from central banks after economic data from Asia and Europe showed further signs of slowing global growth. The Toronto Stock Exchange's S&P/TSX composite index.

  • US manufacturing grows for 1st time in 4 months Monday, 1 Oct 2012 | 10:09 AM ET

    WASHINGTON-- U.S. manufacturing grew for the first time in four months, buoyed by a jump in new orders and more jobs. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its index of factory activity rose to 51.5.

  • NEW YORK, Oct 1- U.S. Treasuries prices turned lower on Monday after the Institute for Supply Management reported U.S. manufacturing grew in September, contrary to market expectations. The benchmark 10- year Treasury note, up 2/ 32 before the report, was down 2/ 32 afterwards, allowing its yield to rise to 1.65 percent from 1.63 percent earlier.

  • Oct 1- Crown Castle International Corp:. *Credit Suisse raises Crown Castle International target price to $63. Reuters Station users, click. 1568.

  • NY dealer to repay victims of fraudulent car sales Monday, 1 Oct 2012 | 10:08 AM ET

    NEW YORK-- A New York auto dealer must pay almost $300,000 in restitution to customers for fraudulent sales practices _ including adding unwanted options and pressuring customers into signing blank contracts.

  • Oct 1- Rudolph Technologies Inc:. *Credit Suisse raises Rudolph Technologies to outperform from neutral For a summary of rating and price target changes on U.S. companies:. Reuters Station users, click. 1568.

  • Oct 1- Brooks Automation Inc:. *Credit Suisse cuts Brooks Automation to underperform from neutral For a summary of rating and price target changes on U.S. companies:. Reuters Station users, click. 1568.

  • NEW YORK, Oct 1- U.S. stocks added to gains, with the Dow and S&P 500 climbing more than 1 percent after data from the Institute of Supply Management showed the manufacturing sector grew for the first time since May. The Dow Jones industrial average gained 139.50 points, or 1.04 percent, to 13,576.63.