“There’s an enormous deal coming next week and I think you should try to get a piece of it,” said Jim Cramer.» Read More
Oct 12- U.S. drug reviewers found three serious concerns related to NPS Pharmaceuticals Inc's experimental drug for short bowel syndrome, but said they did not think the drug needed to be restricted for safety reasons, according to documents posted by the Food and Drug Administration on its website Friday.
PARIS, Oct 12- Europe's top semiconductor maker STMicroelectronics on Friday responded to a report that it was mulling a corporate breakup by denying that it had any plans to undo the group's "unity".
KARACHI, Oct 12- Pakistani stocks closed lower on Thursday as investors engaged in a pre-weekend sell-off after the market traded at an all time-high. The Karachi Stock Exchange benchmark 100- share index ended 0.93 percent, or 146.94 points, lower at 15,698.36 on total volume of 112.15 million shares.
MILAN/ PARIS, Oct 12- Shares in STMicroelectronics rallied more than 17 percent on Friday after Bloomberg reported Europe's top semiconductor maker was considering a breakup that could lead to the sale of its struggling mobile-phone chip business. Bloomberg cited Samsung Electronics as a potential buyer for STMicro's digital assets.
MUMBAI, Oct 12- Indian shares snapped a five-week streak of gains on Friday as bellwether Infosys Ltd. Worries that India would post high inflation data on Monday and erode prospects of interest rates cut from the central bank at the end of the month hit financial stocks such as ICICI Bank.
*Auto makers, including Maruti Suzuki and Mahindra& Mahindra. KEY EVENTS Mon: Sept. inflation data Mon: Reliance Industries, Axis Bank earnings. Mon: Australian Prime Minister Julia Gillard visits India Tues: Maruti Suzuki.
PARIS, Oct 12- STMicroelectronics NV:. *Company spokeswoman declines to comment after report of possible company split. *Shares rose over 17 pct after report ().
Flybe adds 7.5 percent as Europe's largest regional airline says it performed in line with revised guidance in the second quarter. Tethys Petroleum drops 16.4 percent as the explorer reveals preliminary data from its AKD07 appraisal well in Kazakhstan, which traders say looks slightly disappointing.
MOSCOW, Oct 12- Russian private healthcare provider MD Medical Group's London listing got off to a smooth start, with its global depositary receipts trading at a 3 percent premium to their issue price on the first morning.
MILAN, Oct 12- Italy's air conditioning company Delclima denied on Friday it had entered bid talks with Riello, a maker of heating and air conditioning products.
Rival Super Group gains 0.8 percent to 15.50 rand Reuters Messaging: firstname.lastname@example.org 0715 GMT 12 Oct12- AECI falls, sees FY earnings down more than 20 pct-------------------------------------------------------------------.
NEW YORK, Oct 12- JPMorgan Chase& Co:.
*FTSE 100 down 0.1 percent. LONDON, Oct 12- Britain's FTSE 100 eased on Friday, with a second profit warning in a week from the engineering sector underscoring concerns about the health of third quarter earnings in the face of slowing global and domestic demand. ,pushed other engineering companies to the top of the FTSE 100 fallers list.
*Bank of America-Merrill Lynch reiterates its' buy' ratings on Jet Airways. *Merrill still expects Jet Airways and SpiceJet to post losses in the second quarter of fiscal 2012/ 13 but expects the third quarter to be profitable. *Jet Airways rallies 2.7 percent, SpiceJet ends flat.
MUMBAI, Oct 12- Indian shares fell on Friday, posting its first weekly fall in six, as Infosys slumped after disappointing investors with its growth outlook, with caution also setting in ahead of key inflation data next week.
Shares in London- listed engineering firms fill out the top FTSE350 faller list, led by Morgan Crucible, down 11 percent after the maker of carbon, ceramics and other advanced materials warns on profit.
Morgan Stanley sees Barclays and HSBC as set for encouraging results from the third quarter, rating both "overweight", while it gives Lloyds an "underweight" rating based on a more cautious outlook. However, Morgan Stanley is more cautious heading into Lloyds' results.
falls 0.66 percent while the 50- share NSE index is down 0.56 percent heading to their first weekly fall after five weeks of straight gains. drops 5.5 percent after disappointing investors with weaker-than-expected margins and took a conservative view on its full-year earnings.
MILAN, Oct 12- Italian fashion group Stefanel. said on Friday it was not aware of any reasons justifying the recent high volatility of its shares. Shares in Stefanel are currently suspended showing a price of 0.47 euro and a gain of more than 14 percent, on trading flows that are already more than four times the monthly average volume for a single session.
The FTSE Small Caps index gains 0.2 percent in early trade, outperforming weaker showings by both the FTSE 100 and FTSE 250 indexes, down 0.3 percent and 0.4 percent respectively.