Not even $3 billion could convince Snapchat's founders to go work for Facebook's Mark Zuckerberg, but it was a better week for Amazon and Apple.» Read More
SAO PAULO, Oct 31- Brazilian mid-sized lender Banco Industrial e Comercial SA said on Thursday it will sell 72 percent of its capital to China Construction Bank for 1.62 billion reais which could lead to a delisting of the Brazilian bank. The Sao Paulo- based bank, which specializes in corporate credit, is being advised by Citigroup Inc..
The output, from the same footprint at Boeing's 737 factory in Renton, Washington, will not only boost Boeing's cash pile, it will give the company more delivery slots to sell to airlines who want new, fuel-efficient planes sooner.
Oct 30- Alabama's Jefferson County and Wall Street creditors have reached agreement on a revised plan to end the second-largest U.S. municipal bankruptcy, county officials said on Wednesday.
*Forecasts FY 2014 EPS $1.20- $1.40 vs est. Oct 29- TD Ameritrade Holding Corp, the biggest U.S. discount brokerage by client-trading volume, reported a 40 percent jump in its fiscal fourth-quarter net income that just beat analysts' estimates as both trading commissions and product fees soared.
Oct 29- Thomson Reuters Corp said on Tuesday that new sales of its financial terminals outpaced cancellations in the third quarter for the first time since 2011, and it announced 3,000 job cuts to reduce costs. Thomson Reuters also announced a $1 billion share buyback program.
Oct 24- Puerto Rico's beaten-down debt is rallying, and the Caribbean island's sales-tax bonds now sport yields that could be low enough to entice government finance officials to sell new bonds. Puerto Rico's $70 billion of municipal bonds are widely held by mutual funds dedicated to tax-free debt.
Oct 22- Standard& Poor's owner, McGraw Hill Financial Inc, reported a higher-than-expected 56 percent jump in quarterly profit due to strong growth at the rating agency and S&P Dow Jones indices.
It was a "Who's Who" of guests on "Squawk Box"—everybody from Buffett to Bowles, Tepper to Cooperman, and McCain to Corker. "Talking Squawk," the official show blog, covers them all.
BEIJING, Oct 17- A Chinese ratings agency cut its credit rating for U.S. sovereign debt by one notch to A-minus from A on Thursday, saying a deal struck by Congress to raise the government's borrowing ceiling failed to solve the cause of its debt problem.
SAN FRANCISCO, Oct 14- Moody's Investors Service lowered the pension obligation bonds of Stockton, California, to' Ca' from' Caa3' on Monday and changed its outlook on them to negative from developing, citing how the city would treat the debt in its plan for exiting bankruptcy.
WASHINGTON, Oct 9- The current federal budget shutdown is constraining the budget and spending plans of Washington, D.C., Standard& Poor's Ratings Service said on Wednesday as it cut its score on the U.S. capital's institutional framework.
WASHINGTON, Oct 8- Tourism sagged near U.S. national parks, Washington- area workers filed more unemployment claims and futures markets grappled with a lack of data as the government shutdown, now in its second week, stretched across the nation and upset many aspects of American life.
DUBAI, Oct 8- Dubai listed its first new stock in more than four years on Tuesday but the shares drew no trade, underlining the limits of the market's recovery from its 2008 crash. The bank said its choice of Dubai showed its commitment to expanding its business in the Middle East.
NEW YORK, Oct 7- The three main credit rating agencies have all warned, in varying degrees, the United States rating could be cut should it hit an expected Oct. 17 deadline when Washington is set to run out of cash, endangering its ability to pay its debt.
Oct 2- Moody's Investors Service said on Wednesday that risks remain for Detroit's water and sewer revenue bonds, despite a full Oct. 1 payment by the city on the debt.
*Trial concerns a potential near $18 bln in fines for BP. NEW ORLEANS, Oct 1- BP Plc unnecessarily delayed the capping of its Macondo well and worsened the extent of the 2010 Gulf of Mexico oil spill through dithering and indecision, according to allegations by plaintiffs' lawyers on Tuesday that the British company denied.
NEW ORLEANS, Oct 1- Dithering and indecision at BP Plc delayed the capping of its Macondo well and worsened the extent of the 2010 Gulf of Mexico oil spill, according to allegations by plaintiffs' lawyers at trial on Tuesday that the British company denied.
If Congress forces the US Treasury to default on its payments, it could wreak much deeper havoc than the ongoing government shutdown.
JAKARTA, Oct 1- A unit of Indonesia's biggest miner, PT Bumi Resources, has extended $425 million worth of maturing loans for three more months, the company said, averting an immediate financial squeeze as it struggles with a growing pile of debt.
Sept 30- Funding for hospitals, states and other issuers in the $3.7 trillion U.S. municipal bond market would be jeopardized if Congress does not raise the federal debt limit by the Oct. 17 deadline, Moody's Investors Service said on Monday.