NEW YORK-- Alexion Pharmaceuticals raised its 2014 guidance on Monday, saying the national health agency of France will reimburse it for past sales of its drug Soliris. The Cheshire, Conn., company is now forecasting adjusted income of $4.37 to $4.47 per share and $2.15 billion to $2.17 billion in revenue.» Read More
NEW YORK, Oct 31- The euro fell on Thursday while the U.S. dollar rose on diverging market views about next moves from top central banks, while the greenback's advance sent gold prices on their largest drop in three weeks. Wall Street stocks traded slightly lower, a gauge of global equities fell the most in a week, and crude prices fell alongside other risk assets.
*Suntech has until Nov. 6 to respond to the filing. Oct 31- Chinese solar panel maker Suntech Power Holdings Co Ltd said it intended to contest a bankruptcy petition filed against it in the United States by some bondholders.
LONDON, Oct 31- AstraZeneca is being investigated by U.S. authorities over a major clinical trial that was used to win marketing approval for its new heart drug Brilinta, casting fresh doubts over the medicine. AstraZeneca plans to cooperate with the DOJ and Chief Executive Pascal Soriot said he was "very confident" in the findings of the clinical trial.
"To regain a satisfactory profitability, the Italian banking system should cut its branch network by at least 30 percent and rationalise costs, personnel and size at remaining offices," said Roberta Berlinghieri, a partner at Bain& Company in Italy.
The Institute for Supply Management-Chicago business barometer jumped to 65.9 from 55.7, the strongest reading since March 2011 and well above the most optimistic forecast in a Reuters poll. Initial claims for state unemployment benefits dropped by 10,000 to a seasonally adjusted 340,000, the Labor Department said on Thursday.
Oct 31- U.S. refining company Marathon Petroleum Corp posted a lower-than-expected quarterly profit on Thursday, hurt by shrinking crude discounts and weakness in products markets.
Oct 31- Time Warner Cable Inc reported a steep decline in video and Internet customers, blaming a month-long blackout of No. 1 U.S. broadcaster CBS Corp and said it was open to consolidation if it would make money for shareholders.
TORONTO, Oct 31- Canadian plane and train maker Bombardier Inc reported a 15 percent fall in net profit on Thursday, pressured by fewer aircraft orders and deliveries in the third quarter and contract issues in its train unit. The results came in below expectations and sent shares falling 8 percent on the Toronto Stock Exchange.
Oct 31- Valeant Pharmaceuticals International Inc, Canada's biggest publicly traded drugmaker, posted a quarterly net loss on Thursday after restructuring and impairment charges, and cut its full-year revenue outlook.
OTTAWA, Oct 31- Consumers may join a class action lawsuit against Microsoft Corp over alleged unfair pricing, the Supreme Court of Canada ruled on Thursday. The Supreme Court, in its decision on Microsoft, certified a class action against the company, which the plaintiffs accuse of overcharging for certain operating systems and software.
LONDON, Oct 31- European Union rules being finalised to regulate derivatives and bond trading are too light-touch and will leave markets in the dark, EU financial services chief Michel Barnier has said.
ABUJA/ LAGOS, Oct 31- Sub-Saharan Africa's economic growth is expected to increase to 6 percent in 2014, from 5 percent this year, supported by investment in infrastructure and production capacity, the International Monetary Fund said on Thursday.
*Sony cuts full-year profit forecast after Q2 net loss. *Weak numbers stir doubts over Sony CEO Hirai's strategy. TOKYO, Oct 31- Sony Corp CEO Kazuo Hirai's determination to stick to the consumer electronics that made the company's fame will be put to the test in the months ahead as domestic rivals step up a shift to more profitable industrial technology.
LONDON, Oct 31- Harvard's decision to keep buying into the fossil fuel industry through its $32.7 billion investment fund- the world's biggest- is a blow to a divestment campaign also navigating legal uncertainty among performance-driven fund managers. Harvard's rejection of the campaign on additional grounds undermines momentum in the short term.
OTTAWA, Oct 31- Canada's thriving oil and gas industry helped the economy grow by 0.3 percent in August from July, confirming modest growth that is expected to keep the Bank of Canada's key interest rate on hold for more than a year.
*Facebook volatile after results, Exxon shares higher. Expedia also advanced following its results, topping the S&P 500 percentage gainers, while Facebook Inc fluctuated between steep gains and losses.
*EPS $1.79 v Street view $1.77. Oct 31- Exxon Mobil Corp, the world's largest publicly traded oil company, reported higher-than-expected quarterly results on Thursday as output rose for the first time in more than two years, but refining weakness hurt earnings.
Oct 31- More than a dozen brokerages increased their price targets on Facebook Inc shares on Thursday. Facebook's shares fell 3 percent to $47.45 at the opening, resuming the roller-coaster ride they have been on since the No. 1 social network released results on Wednesday.
WASHINGTON, Oct 31- The Obama administration on Thursday called on Congress to engage it on tax reform, saying plans currently considered by lawmakers "share much in common" with the White House's approach to the issue.
WASHINGTON, Oct 31- The U.S. Federal Aviation Administration said on Thursday it will allow airlines to expand the use of portable electronic devices in flight. "Passengers will eventually be able to read e-books, play games, and watch videos on their devices during all phases of flight, with very limited exceptions," the FAA said.