April 12- A landslide at Rio Tinto's Bingham Canyon mine in Utah extended further into the pit than predicted, and there was greater damage to equipment than previously estimated, Rio's Kennecott unit said on Friday.
NEW YORK, April 12- Brent crude oil prices fell 2 percent to a nine-month low near $101 a barrel on Friday, falling for the third straight session as concerns about the strength of the world economy triggered heavy selling across commodities.
SHANGHAI, April 12- Fitch Ratings' estimate of China's local government debt is vastly more pessimistic than other analyses, but recent statements from government officials suggest that even Fitch may be too optimistic.
WASHINGTON, April 4- A federal government watchdog faulted U.S. bank regulators for the poor performance of third-party consultants reviewing more than 4 million home foreclosures by mortgage servicers in a botched process that was halted earlier this year.
*Gold off near 1- week low; Korea tensions support. SINGAPORE, April 11- Gold bounced from its weakest level in almost a week on Thursday as rising tensions in the Korean peninsula stirred some safe-haven buying in Asia, though gains are likely to be capped by uncertainty over the Federal Reserve's stimulus programme.
*Cyprus bailout makes euro vulnerable to new selloff. The euro bounced back to $1.31, from a 4 1/ 2- month low of $1.2740 hit last week in the wake of the Cyprus deal, helped by big gains against the yen after the Bank of Japan unveiled a $1.4 trillion stimulus plan on April 4. This is new after Cyprus, "said Ulrich Leuchtmann, head of FX research at Commerzbank.
Kaspersky Lab warned on Thursday that an organization it christened "Winnti" had infiltrated the servers of at least 35 game developers and publishers, mostly in East Asia including South Korea, but also in Germany, the United States, Japan, China, Russia, Brazil, Peru, and Belarus.
Gold, silver and other metals such as copper also fell. "There's an underlying anxiety in the crude market about demand growth going forward into the second half of the year," said Andy Lebow, vice president at Jefferies Bache in New York. "Gold came off and industrials are really getting hit today.
*Greenhouse gases rising at record pace, led by China. OSLO, April 12- A global goal for limiting climate change is slipping out of reach and governments may have to find ways to artificially suck greenhouse gases from the air if they fail to make deep cuts in rising emissions by 2030, a draft U.N. report said.
*ETF outflows, Cyprus gold sales spook market. LONDON/ NEW YORK, April 12- Gold sank almost 5 percent into bear territory on Friday as institutional investors fled bullion in favor of other safe-haven assets amid concerns about central bank sales and souring sentiment.
NEW YORK, April 12- Major commodity markets fell sharply on Friday, with oil tumbling to a nine-month low and gold hitting a 20- month low as investors dumped the commodities on worries about a weak global economic outlook and a plan for Cyprus to sell gold reserves.
*Pressure on Austria to conform to EU rules on transparency. BRUSSELS, April 12- Tax dodging causes the European Union to lose around 1 trillion euros of income each year, the president of the European Council said on Friday as he announced that EU leaders would discuss the issue at a summit next month.
April 12- Starbucks Corp on Friday said it would cut grocery list prices on its namesake and Seattle's Best packaged coffee by 10 percent or more on May 10, as coffee costs fall and it fights for more sales through supermarkets and other retailers.
LONDON, April 12- Gold dropped more than 4 percent on Friday to its lowest since July 2011, breaking below $1,500 per ounce as bearish factors including a draft plan for Cyprus to sell bullion forced prices to capitulate. Gold hit a low of $1,493.35. Gold is now some 22 percent below the record peak hit in September 2011 at $1,920.30.
NEW YORK, April 12- M&T Bank Corp's proposed purchase of Hudson City Bancorp Inc will probably take more time to close than previously expected because of U.S. regulatory concerns over anti-money-laundering procedures, the banks said on Friday.
April 12- M&T Bank Corp and Hudson City Bancorp Inc said on Friday it may take more time than expected for the U.S. Federal Reserve to rule on M&T's proposed $3.7 billion purchase of its smaller rival because of concerns over M&T's anti-money laundering program.
NEW YORK, April 11- A New York state appeals court declined to revive a $330 million lawsuit brought by disc jockey Howard Stern against satellite radio broadcaster Sirius XM Radio Inc for refusing to pay him stock awards he said he was due.
April 12- Wells Fargo& Co reported a higher-than-expected 23 percent rise in first-quarter profit on Friday as the bank set aside less money to cover bad loans and held down costs.
*Earnings per share 92 cents vs est 88 cents. April 12- Wells Fargo& Co reported a higher-than-expected 23 percent rise in first-quarter profit on Friday, but its mortgage business showed further signs of slowing and net interest margins continued to shrink. Wells Fargo shares were down 2 percent at $36.78 in premarket trading.
NEW YORK, April 12- JPMorgan Chase& Co posted higher first-quarter profit on Friday as it spent less money on litigation, but most of its major businesses turned in tepid performances, and the bank's overall revenue declined. JPMorgan's shares fell 1 percent to $48.80 in premarket trading.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.