Business News


  • FHLB will not sell global debt in October Tuesday, 2 Oct 2012 | 9:40 AM ET

    Oct 2- The Federal Home Loan Bank System said on Tuesday it will not issue global debt in October. The next possible sale is scheduled to be announced on Nov. 8. At that time, the FHLB has the option of issuing new debt, reopening an existing issue or deferring until the next scheduled sale date.

  • A string of earnings downgrades from European autos and the sector's recent underperformance could open up a cheap entry point for investors, reckons Fabio Di Giansante, senior portfolio manager at Pioneer Funds.

  • Acuity Brands results miss Street Tuesday, 2 Oct 2012 | 9:40 AM ET

    Oct 2- Lighting fixture maker Acuity Brands Inc's. Net income fell to $33.3 million, or 78 cents per share, from $34.2 million, or 79 cents per share, a year earlier. Shares of the Atlanta, Georgia- based company touched a low of $58.57 in early trading on the New York Stock Exchange.

  • Oct 2- Mondelez International Inc:. *UBS cuts Mondelez International Inc price target to $31 from $46;. Reuters Station users, click. 1568.

  • COMPANIES REPORTING: BMO Q4 2012 Monsanto Co BMO Q4 2012 Family Dollar AMC Q3 2012 Marriott International MAJOR MACROECONOMIC DATA/EVENTS: 0743 IT Markit/ADACI services PMI Sep 0743 FR Markit services, composite PMI sep 0753 DE Markit services PMI Sep 0758 EZ Markit services, composite PMI Sep 0828 GB Markit/CIPS services PMI Sep 0900 EZ Retail sales Aug 1215 US ADP National employment Sep 1400 US ISM non-manufacturing PMI, business activity Reuters messaging rm:// francesco.canepa.thomsonreuters.com@reuters.net.

  • RESEARCH ALERT-UBS starts Kraft Foods Group with buy Tuesday, 2 Oct 2012 | 9:39 AM ET

    Oct 2- Kraft Foods Group Inc:. *UBS starts Kraft Foods Group Inc with buy rating; price target of. Reuters Station users, click. 1568.

  • Oct 2- ARIAD Pharmaceuticals Inc:. *UBS raises ARIAD Pharmaceuticals Inc price target to $29 from $23;. Reuters Station users, click. 1568.

  • *Spain bailout talk, Australia rate cut weigh. However, European officials say Germany has signal led Spain should hold off. An aid request from Spain would pave the way for the European Central Bank to buy Spanish bonds.

  • RESEARCH ALERT-DA Davidson cuts Radisys to neutral Tuesday, 2 Oct 2012 | 9:37 AM ET

    *DA Davidson cuts Radisys Corp to neutral from buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.

  • *Raymond James cuts Baidu Inc to outperform from strong buy; target. price to $137 from $165. Reuters Station users, click. 1568.

  • Romney won't revoke young illegal immigrant visas Tuesday, 2 Oct 2012 | 9:36 AM ET

    DENVER-- Republican presidential candidate Mitt Romney says he would honor temporary work permits for young illegal immigrants who were allowed to stay in the U.S. because of an executive order signed this summer by President Barack Obama.

  • IMF says planned Slovenia reforms can avert bailout Tuesday, 2 Oct 2012 | 9:36 AM ET

    LJUBLJANA, Oct 2- Slovenia can still avoid becoming another euro bailout recipient if the government enforces planned reforms, the International Monetary Fund said on Tuesday.

  • *China moves to close Ai Weiwei's design firm Tuesday, 2 Oct 2012 | 9:35 AM ET
  • PRAGUE, Oct 2- Czech and Slovak spot prices plunged on Tuesday ahead of a national holiday in Germany that sapped demand in the region while Hungary day ahead surged as the central European country remained short of supply, traders said.

  • TV show claims UK TV host Savile abused children Tuesday, 2 Oct 2012 | 9:35 AM ET

    LONDON-- For decades, Jimmy Savile was a fixture on British television _ an eccentric, aggressively jocular host of children's shows and a tireless charity fundraiser. "Maybe it was just the fact that Jimmy knew everybody," Esther Rantzen, a former BBC journalist and founder of the ChildLine child-protection charity, told Channel 4 news. "

  • CANADA STOCKS-TSX opens higher on Spain speculation Tuesday, 2 Oct 2012 | 9:34 AM ET

    TORONTO, Oct 2- Canada's main stock index opened higher on Tuesday, led by financials and energy shares, as euro zone worries eased on expectations of an imminent bailout request from Spain. The Toronto Stock Exchange's S&P/TSX composite index. opened up 8.28 points, or 0.07 percent, at 12,378.47. before modestly extending gains.

  • Report wants EU banks to ring-fence risky business Tuesday, 2 Oct 2012 | 9:34 AM ET

    BRUSSELS-- Europe's fragile banking system should be protected by building a firewall between a lender's retail operations and its more risky trading activities and forcing executives to take losses when their banks fail, according to an expert report.

  • DUBAI, Oct 2- The Abu Dhabi index hit a 14- month on Tuesday, lifted by real estate stocks which gained on the prospect of consolidation in the struggling sector. Aldar Properties and Sorouh Real Estate were the main drivers, together accounting for nearly 75 percent of all shares traded on the bourse.

  • BOSTON, Oct 2- There are steps you can take to improve your presentation, even in midstream, says Harvard Business Review. The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org. Any opinions expressed are not endorsed by Reuters.

  • NEW YORK, Oct 2- U.S. stocks rose at the open on speculation Spain will soon request a bailout, seen by some as the necessary next step to alleviating the euro zone's debt crisis. The Dow Jones industrial average gained 46.20 points, or 0.34 percent, to 13,561.31. The Nasdaq Composite Index added 14.98 points, or 0.48 percent, to 3,128.51.