Car parts plant blast in China kills 65, hurts 100 US job growth eases but tops 200 K for a 6th month S&P 500 has its worst week in 2 years Berkshire Hathaway 2 Q profit jumps 41 percent Taiwan explosions probe focuses on petrochem firm US auto sales sizzle in July, helped by discounts Procter& Gamble to slim down product lineup Scientific Games strikes $3.3 B deal to buy Bally Harley recalls bikes for ignition switch problem US manufacturing expands again in July» Read More
*Gold up as dollar falls to two-week low vs euro. NEW YORK/ LONDON, April 9- Gold rose on Wednesday, boosted by a weaker dollar and the release of Federal Reserve minutes that eased concerns the central bank was set to hike interest rates soon after it ended its massive monetary stimulus later this year.
NEW YORK, April 9- U.S. retail and institutional investors pulled cash from broad commodity exchange-traded funds for a fifth straight quarter even as coffee, natural gas and hogs prices had their best run in years, data from Thomson Reuters Lipper showed on Wednesday.
NEW YORK, April 9- Energy companies are mounting a last-ditch effort to prevent the Federal Reserve from cracking down on physical commodity trading by major Wall Street banks, saying more restriction may further damage liquidity and raise hedging costs.
April 9- Bond insurer FGIC Corp. on Wednesday said it has received proposals from "credible third parties" for acquiring or monetizing the Detroit Institute of Arts' collection that would generate $1 billion to $2 billion for the bankrupt city.
April 9- Procter& Gamble Co is selling the bulk of its pet food business to Mars Inc for $2.9 billion to focus more on its personal care and cleaning brands, the companies said on Wednesday. Its pet care brands already include Pedigree, Whiska, and Royal Canin, and this deal will boost its market share as it vies with Nestle SA in the pet food market.
April 9- A Republican congressman from Kansas introduced legislation on Wednesday that would nullify efforts in multiple states to require labeling of genetically modified foods. The bill, dubbed the "Safe and Accurate Food Labeling Act," was drafted by U.S.
LONDON, April 9- Royal Bank of Scotland has agreed to pay 1.5 billion pounds to cancel an arrangement that gives the government priority over dividends, clearing an obstacle to the lender's eventual privatisation.
NEW YORK, April 9- The dollar dropped to more than two week-lows against the euro and Swiss franc on Wednesday after minutes of the latest Federal Reserve monetary policy meeting suggested that the U.S. central bank may not raise interest rates anytime soon.
WASHINGTON, April 9- A coalition of investors in Fannie Mae and Freddie Mac on Wednesday launched an effort to stop Congress from moving ahead with a U.S. housing finance reform bill, arguing it would deny them a fair share in any remaining value in the two companies.
DAKAR/ LONDON, April 9- A Guinea government report recommended that BSG Resources and its joint venture partner, Brazilian mining giant Vale, be stripped of two iron ore concessions, saying BSGR obtained the rights by corruption.
WASHINGTON, April 9- Sikorsky Aircraft said on Wednesday the U.S. Navy's plan to skip orders for 29 MH-60 helicopters in the final year of a five-year contract could undermine the industry's willingness to sign such cost-saving agreements in the future.
BOND INSURER FGIC SAYS HAS RECEIVED CREDIBLE PROPOSALS FOR ACQUIRING OR MONETIZING DETROIT INSTITUTE OF ARTS COLLECTION THAT WOULD GENERATE $1 BLN- $2 BLN OF PROCEEDS.
WASHINGTON, April 9- The failure of the U.S. Congress to approve International Monetary Fund reforms diminishes the United States' global standing and is deeply disappointing, Australian Treasurer Joe Hockey said on Wednesday.
SAN FRANCISCO, April 9- Facebook Inc said on Wednesday it is switching to fewer but bigger ads on the right-hand column of the desktop PC version of its website because users respond more frequently to them.
Facebook shares jumped 5.6 percent to $61.45. "People are taking solace in the idea that the Fed may be more accommodative than previously thought, for longer than previously thought," said Steve Sosnick, equity-risk manager at Timber Hill/Interactive Brokers Group in Greenwich, Connecticut.
April 9- Social networking site Wikia announced on Wednesday a new effort to attract more brands to its platform with the creation of Fan Studio. As part of the launch, gaming company Carbine Studios is using Wikia to roll out one of its forthcoming multi-player online games, called WildStar, for a large number of players.
SAN FRANCISCO/ WASHINGTON April 9- Hewlett-Packard will pay $108 million and one of its subsidiaries will plead guilty to bribery charges over its role in a scheme to secure a contract with a Russian government office, the Justice Department said on Wednesday.
*Russia seeks to reassure West, Ukraine over troops. NEW YORK, April 9- U.S. crude rose by $1 on Wednesday as a rally that started with high gasoline demand was boosted by technical trading, while Brent crude rose modestly due to the tense relations between Russia and the West.
NEW YORK, April 9- U.S. stocks jumped on Wednesday, with the three major indexes hitting session highs after the minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than previously expected.
April 9- Hearst TV said on Wednesday it signed an agreement with Dish Network Corp ending a blackout that affected Dish subscribers who could not see programs from ABC, NBC and CBS broadcast affiliate stations in 25 markets. "We appreciate the support and patience of our viewers, advertisers and local communities served by our stations," Hearst said in a statement.