The purchasing managers' index compiled by the China Federation of Logistics and Purchasing rose to 51.7 last month from June's 51.0. It's the index's highest reading since April 2012 and follows an early version of a similar measure of factory activity by HSBC that rose to 52..» Read More
LONDON, April 7- Private equity firm Cinven made a 1.5 billion euro capital gain on its investment in French cable operator Numericable, but said on Monday the era of such hugely profitable deals for its industry in the cable sector is ending.
*Internet stocks tumble; Yahoo shares down nearly 5 pct. Internet stocks were the day's biggest decliners with Amazon.com down 2.8 percent at $314.02, Yahoo! The Global X Social Media ETF which includes Facebook and LinkedIn fell 3.4 percent to $17.91.
Rear Admiral Randy Mahr, deputy director of the Pentagon's $392 billion F-35 program, said Pratt had slowed its cost-cutting after Congress in 2011 canceled an alternate engine being developed by General Electric Co..
*Deal will also let Energen fund Permian basin drilling. *Energen shares up as much as 4 pct, Laclede falls as much as 3 pct. April 7- Energen Corp will sell its 150- year old natural gas utility Alabama Gas Corp to Laclede Group Inc for $1.28 billion in cash, helping it repay debt and fund drilling for oil and gas in the Permian basin.
April 7- A unit of UBS AG must pay $5.4 million to a former broker who alleged the firm misled its advisers about the financial health of Lehman Brothers Holdings Inc while recommending they sell its structured notes to clients, a securities arbitration panel ruled.
*U.S. crude dips below $100 after stocks extend falls. NEW YORK, April 7- U.S. oil futures dipped below $100 on Monday, falling more than a dollar a barrel after stock markets tumbled, with Brent crude oil prices losing even more on the prospect of additional supplies from Libya.
*Dubai needs international financial support for growth plans. Over a dozen top Dubai officials and executives met about 100 representatives of financial powerhouses including Deutsche Bank, Nomura Holdings and Fidelity Investments for the emirate's first big investor roadshow since the crisis.
FRANKFURT, April 7- A deal struck by Ireland last year to ease the burden of its bank debt raises serious monetary financing concerns but they could be mitigated to some extent by bond sales tied to the debt swap, the ECB said on Monday.
LOS ANGELES, April 7- After a record-breaking weekend at the box office, Marvel's "Captain America" series will return for a third installment on May 6, 2016, Walt Disney Co said on Monday.
LONDON, April 7- A decision by Glencore Xstrata to abandon the sale of it Peruvian copper mine Las Bambas would likely enhance the long-term growth of the mining group, but could put its credit rating under pressure, Moody's Investors Service said.
WASHINGTON, April 7- A new organization called the Coalition for Mortgage Security launched a campaign on Monday calling for winding down Fannie Mae and Freddie Mac in a way that does not harm the shareholders of the bailed-out mortgage companies.
PARIS, April 7- Patrick Drahi, the Franco-Israeli billionaire who won a bidding war for media group Vivendi's SFR telecoms unit at the weekend, was quick on Monday to forgive a French establishment that just two weeks ago was trying to knock him out of the race.
OTTAWA, April 7- Canada's new finance minister, Joe Oliver, promised on Monday to cut taxes for families once the budget is balanced, giving no details and sticking to the Conservative government's longstanding script in his first major speech in the new role. He replaces Jim Flaherty, who served for eight years under Prime Minister Stephen Harper.
*Mersch says QE theoretical, long way to practical steps. *Constancio- must assess inflation outlook before acting. BRUSSELS/ LONDON, April 7- The European Central Bank will get ready to make large-scale asset purchases but is still a long way off embarking on such a plan and will first assess whether the inflation outlook has changed, ECB policymakers said.
A story headlined "Aircraft leasing company GE Capital Aviation plans $700 mln HK IPO-IFR" has been withdrawn after IFR corrected the entity that was listing. STORYtNUMBER: L4N0MW115 STORYtDATE: 04/04/2014 STORYtTIME: 0506 GMT. A replacement story will be issued.
MEXICO CITY, April 7- Mexican auto production and exports climbed by double-digit percentages in March, the Mexican Auto Industry Association said on Monday.
*Mallinckrodt to buy Questcor for $5.6 bln. *MannKind stumbles; FDA extends drug review date. "We are definitely seeing a little more downside, a continuation from the nasty reversal on Friday," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research in Cincinnati, Ohio.
NEW YORK, April 7- Wall Street stocks sank on Monday, joining a broad retreat in global equities markets from a six-year high touched last week, while U.S. The dollar fell against major currencies as comments from European Central Bank policymakers curbed expectations for more stimulus and boosted the euro against the greenback.
LONDON, April 7- The London Metal Exchange said on Monday it would launch a new contract on aluminium premiums, extending its product suite for the metal just weeks before major rival CME Group starts a competing futures contract.
BRUSSELS, April 7- Thirteen investment banks, including Citigroup, Goldman Sachs and Deutsche Bank, will fight EU charges of blocking exchanges' access to the credit derivatives market at a hearing next month, three people familiar with the matter said on Monday.