Dec 8- A closely watched leukemia drug developed by Johnson& Johnson and Pharmacyclics Inc maintained its effectiveness in keeping the disease at bay for most patients, according to long-term follow-up data from a midstage study being presented at a major medical meeting.» Read More
BEIJING, Aug 2- China's central bank promised on Friday to improve its communication with investors to keep market liquidity and interest rates stable, in an oblique reference to the country's unprecedented cash crunch in June.
Aug 2- Coal miner Alpha Natural Resources Inc reported a wider adjusted loss for the second quarter on Friday as prices slid in a tough market. Alpha's net loss narrowed to $185.7 million, or 84 cents a share, from $2.23 billion, $10.14 a share, a year earlier, when the company took about $2.5 billion in impairment and restructuring charges.
Aug 2- Viacom Inc reported a 14 percent rise in third-quarter revenue on Friday on strong advertising and affiliate fees at its cable networks. The company, which owns the cable networks MTV, Comedy Central and the movie studio Paramount Pictures, also expanded its share buyback program to $20 billion from $10 billion.
Aug 2- Diversified manufacturer Eaton Corp on Friday reported a lower-than-expected quarterly profit and cut the top end of its full-year earnings outlook, citing lower market growth.
*Puerto Rico comes back to muni market with Prepa bonds. NEW YORK, Aug 2- Puerto Rico is turning to investors for the first time in more than year next week, but a shaky U.S. municipal bond market plagued by months of outflows could prove a tough customer for the fiscally troubled island.
*AXA and Allianz earnings lead insurers higher. LONDON, Aug 2- Earnings reports from AXA and Allianz helped European insurers to rally and push a major index to a new two-month high on Friday, helped by expectations of stronger-than-predicted U.S. jobs data.
*Toyota raises FY13/14 op profit outlook to $19.6 bln, below estimates. *Toyota warns on slowdown in Thailand, India. TOKYO, Aug 2- Toyota Motor Corp took a cautious stance on its profit outlook, worried over currency moves and a slowdown in Thailand and other emerging markets, even as healthy earnings on overseas sales lifted it to a near-record quarterly profit.
Aug 2- Diversified manufacturer Eaton Corp on Friday reported a quarterly profit that missed Wall Street forecasts, and it cut the top end of its full-year earnings outlook, citing lower expected market growth.
LONDON, Aug 2- The dollar extended gains versus the yen on Friday, and rose against a basket of currencies as U.S. yields climbed on expectations that an upbeat jobs report will prompt the Federal Reserve to withdraw stimulus soon.
LONDON, Aug 2- New Zealander Ross McEwan was confirmed as boss of Royal Bank of Scotland on Friday, tasked with laying the foundations for Britain to start selling its 81 percent stake in the bank. McEwan, 56, had been tipped to take the reins after predecessor Stephen Hester was ousted by the government in June.
Aug 2- Dell Inc's special committee and the buyout group led by the company's founder and chief executive, Michael Dell, are close to a deal, the Wall Street Journal reported, citing sources.
*Copper on track for first weekly gain in three weeks. LONDON, Aug 2- Copper rose to its highest level in more than a week on Friday, as optimism about the outlook for the global economy gathered pace, with U.S. labour market data due later in the session likely to provide further direction for industrial metal prices.
BEIJING, Aug 2- China's central bank warned against "blind optimism" on the country's inflation outlook on Friday, saying it would continue to stabilise consumer prices whilst steadying growth in the world's No. 2 economy.
*Libya oil exports less than half normal rates. LONDON, Aug 2- Brent crude oil reached a four-month peak above $110 per barrel on Friday as strong economic data improved the demand outlook at a time of disruption to production in Africa and maintenance limiting North Sea supply.
The Thomson Reuters/ PayNet Small Business Lending Index, which measures the volume of financing to small companies, fell to 104.8 from a downwardly revised 113.7 in May, PayNet said on Friday. "It does mean modest GDP growth in the next five months," PayNet President Bill Phelan said in an interview.
*Gold set for weekly loss of 3 percent. Gold headed for its biggest weekly loss in a month and German bond yields rose. Italian bonds meanwhile braved growing political uncertainty after Italy's top court upheld a jail sentence against former premier Silvio Berlusconi that could throw the country's coalition into crisis. 1/ 2 ID: nL6N0G30ZF 3/ 8.
MUMBAI, Aug 2- India further eased foreign investment rules in retail on Aug. 1 in a renewed attempt to attract global supermarket chains like Wal-Mart Stores Inc and Tesco.
*Italy debt outperforms German Bunds before U.S. jobs data. *Imminent threat to Italy coalition seen limited. LONDON, Aug 2- Italian bonds rose on Friday, with investors seeing no immediate threat to the ruling coalition after the supreme court upheld former premier Silvio Berlusconi's conviction for tax fraud.
*AXA and Allianz earnings lead insurers higher. LONDON, Aug 2- European shares extended gains to set a new two-month high on Friday, with investors betting that U.S. jobs numbers will surprise on the positive side and signal a further pickup in economic activity in the country.
HONG KONG, Aug 2- Hong Kong shares hit a two-month closing high on Friday, helped by strong gains for Hutchison Whampoa after the ports-to-telecommunications conglomerate trumped expectations with a 24 percent rise in interim net profit.