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  • LONDON, Oct 12- Volkswagen first sold cars in Britain equipped with software that could emissions tests in 2008, its UK boss said on Monday, but he shed little light on the root cause of the scandal. Europe's largest automaker has admitted rigging diesel emissions tests in the United States, and Germany's transport minister says it also manipulated them in...

  • *EMC shares rise after Dell offer. Oct 12- Gains in utility stocks offset a retreat in energy shares on Monday, leaving U.S. stocks near flat as investors remained nervous about third-quarter corporate results. Trading in equities was also affected by the closing of the bond market, banks and the government, including the Securities and Exchange Commission, for...

  • SAN FRANCISCO, Oct 12- California's state treasurer, John Chiang, sent a letter to the country's two largest public pension funds on Monday calling for state legislation requiring private equity firms to disclose all fees charged to California public pension funds. The letter stated that the California Public Employees' Retirement System and the California...

  • *OPEC output weighs on crude prices. NEW YORK, Oct 12- Crude futures tumbled on Monday on profit-taking and a report of higher OPEC production, while pressure lingered on the U.S. dollar as markets priced the possibility that the Federal Reserve would not begin a tightening cycle this year. Secondary sources cited in OPEC's monthly report said the group pumped...

  • WASHINGTON, Oct 12- Assessing the costs and benefits of possible monetary policy actions to address financial stability concerns remains a priority ahead of the renewal of the Bank of Canada's inflation target agreement next year, Governor Stephen Poloz said on Monday. "We will continue to strive for a better understanding of the interactions between...

  • Oct 12- PepsiCo Inc said on Monday it is working with a licensing partner to market a line of mobile phones and accessories in China in the next few months. The food and beverage company however has no plans to get into the mobile phone manufacturing business, a PepsiCo spokeswoman said by email. Technology website Mobipicker was the first to report, on Oct. 11, that...

  • *OPEC to continue defending market share- Kuwait oil minister. NEW YORK, Oct 12- Oil prices tumbled more than $2 dollars, hitting fresh session lows on Monday, as traders took profits after last week's surge to an 11- week high, and on a report that OPEC continued to boost crude production despite a persistent glut. Benchmark Brent crude was down $2.22, or more than 4...

  • ABBOTT LABORATORIES' ABSORB DISSOLVING HEART STENT SUCCEEDS IN LARGE PHASE III STUDY- DATA.

  • ABBOTT ABSORB STENT DEEMED NON-INFERIOR TO LEADING XIENCE STENT AFTER ONE YEAR, MEETING STUDY GOALS- RESEARCHERS.

  • ABBOTT SAYS DATA FROM STUDY TO BE USED TO SEEK U.S.

  • Oct 12- A novel dissolving heart stent developed by Abbott Laboratories proved comparably safe and effective as its market-leading Xience stent in a large, late-stage trial that will be used to seek U.S. approval of the device, according to data presented at a medical meeting on Monday. The bioabsorbable Absorb stent succeeded in demonstrating...

  • PepsiCo says to launch mobile phones in China Monday, 12 Oct 2015 | 1:41 PM ET

    Oct 12- PepsiCo Inc said it is working with a licensing partner to market a line of mobile phones and accessories in China in the next few months.

  • MILAN/ LONDON, Oct 12- Three consortia have submitted bids to buy 13 billion pounds of former Northern Rock loans being sold by the British government, drawing in big names including JPMorgan and Blackstone, several people familiar with the matter said. Two sources close to the bidding process said one offer was from a consortium including JPMorgan and U.S....

  • Oct 12- Kohl's Corp said on Monday it will offer same-day delivery services in six more U.S. cities, taking a leaf out of Macy's Inc's book, as department stores aim to make online shopping more appealing ahead of the holiday season. Kohl's said it would offer same-day deliveries in Boston, Brooklyn/ Queens, Los Angeles, Miami, Northern New Jersey, and Philadelphia in...

  • CHICAGO, Oct 12- U.S. researchers have used a new gene editing technique to trim away potentially harmful virus genes that have impeded the use of pig organs for transplants in humans. George Church, a geneticist from Harvard Medical School, researchers simultaneously snipped away genetic material in 62 specific locations in the pig genome.

  • PARIS, Oct 12- Aeroports de Paris, the operator of Paris' Charles de Gaulle and Orly airports, forecast on Monday that core profit would rise by as much as two-fifths over the next five years as demand for air travel continues to grow. He declined to comment on a report by Bloomberg that the state was considering selling part of its holding in Aeroports de Paris to...

  • *EMC shares rise after Dell offer; VMware falls. Trading in equities was also affected by the closure of the bond market, banks and the government, including Securities and Exchange Commission, for the Columbus Day holiday. JPMorgan reports on Tuesday, with Goldman Sachs, Bank of America, Wells Fargo and Citigroup posting results through the week.

  • CRUDE FUTURES EXTEND LOSSES TO MORE THAN $2, OFF MORE THAN 4 PERCENT.

  • *BRENT CRUDE FUTURES EXTEND LOSSES TO MORE THAN $2 Monday, 12 Oct 2015 | 1:04 PM ET
  • LONDON, Oct 12- Big pension, insurance and sovereign funds may be scaling back investments in emerging markets amid disappointing returns and a darkening outlook for the sector. These deep-pocketed funds-- global pension assets alone are worth over $35 trillion-- are relatively recent entrants to emerging markets, driven by the collapse in Western bond yields...