China's Lenovo Group will lay off 10 percent of white-collar staff after sales of Motorola handsets fell by a third.» Read More
LONDON, Oct 24- Bankers will likely pick up $30- $50 million for their work on Russian state-owned oil group Rosneft's $55 billion takeover of TNK-BP, according to Freeman Consulting. Data from Thomson Reuters and Freeman showed fees average about $35 million on $10 billion deals, smaller than the TNK-BP.
SAN FRANCISCO, Oct 23- The University of California must try to obtain and then disclose closely guarded information on the investment performance of venture capital funds managed by Kleiner Perkins Caufield& Byers and Sequoia Capital, a state judge said in a tentative ruling made public on Tuesday.
*DuPont drops sharply on results, UTX modestly lower. NEW YORK, Oct 23- U.S. stocks fell on Tuesday, driving the Dow industrials to the biggest drop since June 21, as weak results from index members DuPont and United Technologies showed profit growth is slowing.
*DuPont drops sharply on results, UTX modestly lower. *Apple pares losses after new iPad launch. Multinationals including DuPont and United Technologies fell short of Wall Street's revenue expectations, amplifying worries about the health of the global economy.
*DuPont drops sharply on results, UTX modestly lower. The latest string of disappointing results came from blue-chips DuPont and United Technologies, which operate around the world and in many industries. DuPont shares lost more than 8 percent, leading the Dow industrials lower.
*Adds to views that Brazil's banks headed for rough patch. *Itau's expense, provision cuts may help stem profit drops.
Oct 12- Gulfport Energy Corp. on Friday sold $250 million of senior unsecured notes in the 144 a private placement market, said IFR, a Thomson Reuters service. Credit Suisse was the sole bookrunning manager for the sale.
Oct 12- Viking Cruises Ltd on Friday sold $250 million of senior unsecured notes in the 144 a private placement market, said IFR, a Thomson Reuters service. Wells Fargo and Credit Suisse were the joint bookrunning managers for the sale.
*Worries persist over whether Spain will request aid. Treasuries prices advanced on Friday as data showed muted underlying U.S. inflation, with investors looking ahead to a key European Union leaders' summit, a possible bailout request from Spain and more data in the coming week.
WHAT: Federal Reserve Bank of New York Empire State Manufacturing Survey index, October. And so we look for the first manufacturing surveys of October to continue showing softness, with the New York Fed's Empire State Manufacturing index on Monday moving up from -10.41 to about -6.00.
The settlements "will add more collateral to a heavy amount already floating around," said Roseanne Briggen, market analyst at IFR, a Thomson Reuters unit. Markets ignored S&P's two-step downgrade of Spanish debt, reasoning that the downgrade would nudge Spain closer to requesting a bailout from the European Central Bank.
*Worries persist over whether Spain will request aid. Treasuries prices rose on Friday as data showed muted underlying U.S. inflation, with investors looking ahead to a key European summit, a possible bailout request from Spain and more data in the week ahead. Some analysts said Spain could put off asking for help.
*JPMorgan's Dimon: housing has turned a corner. NEW YORK, Oct 12- U.S. consumer sentiment unexpectedly rose to its highest in five years in October in the latest in a string of encouraging signs from the economy that may boost President Barack Obama's re-election hopes next month.
Oct 12- MPM Escrow LLC and MPM Finance Escrow Corp on Thursday sold $1.1 billion of first-priority senior secured notes in the 144 a private placement market, said IFR, a Thomson Reuters service.
on Thursday sold $125 million of subordinated debentures, said IFR, a Thomson Reuters service. Morgan Stanley and Wells Fargo were the joint bookrunning managers for the sale.
LONDON, Oct 12- Peripheral banks unwilling or unable to lengthen their maturity profiles are building up a redemption hump which they will have to face just as billions of euros of cheap ECB money is coming up for repayment.
NEW YORK, Oct 12- U.S. consumer sentiment unexpectedly rose to its highest in five years in October as consumers became more optimistic about the economy in a possible boost to President Obama' s reelection hopes.
*Wells Fargo weighs on financials. The Thomson Reuters/ University of Michigan's preliminary October reading on consumer sentiment rose to 83.1, well above the 78 forecast for the index as optimism about the economy improved. Wells Fargo, the biggest U.S. home lender, dropped 2.5 percent to $34.40.
Shares of JPMorgan Chase and Wells Fargo& Co. both fell after they released their results, even though JPMorgan posted record profits, prompting Canadian financials to follow suit, dropping 0.2 percent. Bank of Nova Scotia was down 0.3 percent at C $53.31, and Toronto-Dominion Bank was 0.2 percent lower at C $80.85.
*Worries persist over whether Spain will request aid. Persistent worries on whether Spain will ask for a full-blown bailout to help its struggling economy also fed safety bids for Treasuries, analysts said.