March 9- A Delaware judge said Royal Bank of Canada should be held liable to former shareholders of Rural/Metro Corp because it failed to disclose conflicts of interest that tainted the $438 million buyout of the ambulance operator.» Read More
ABIDJAN, Oct 16- Concern that Ivory Coast's main crop cocoa harvest could tail off early provoking a supply crunch has fuelled strong competition among major grinders and pushed up port and farmer prices in the world's top grower.
WASHINGTON, Oct 16- U.S. House of Representatives leaders have not yet decided on whether their chamber or the Senate would vote first on a measure to raise the country's debt limit and reopen the federal government, according to a senior Republican and a Capitol Hill aide.
*Strike had threated pumping through North Sea crude pipeline. LONDON, Oct 16- A refinery that provides most of Scotland's fuel and is crucial to the pumping of crude oil from the North Sea has been shut down and whether or not it reopens is uncertain, its operator Ineos said on Wednesday.
FRANKFURT, Oct 16- The European Central Bank lays its credibility on the line next week when it outlines how it will test the health of top euro zone banks, a crucial step in rebuilding confidence after two similar exercises flopped.
WASHINGTON, Oct 16- The Republican-led House intends to vote on the plan emerging in the Democratic-led Senate to raise the U.S. debt limit and end the government shutdown, a leadership aide said on Wednesday.
LONDON, Oct 16- Investors who believe Washington would strike an 11th hour deal on the budget and avoid default may be forced to think again and scramble for trades to hedge their U.S. sovereign debt and dollar exposure. The United States is hours away from exhausting its borrowing capacity, though lawmakers were said to be close to agreement.
TOKYO, Oct 16- Japan's TDK Corp, an electronics parts maker that has struggled to make a profit while several of its peers grew rich in the smartphone boom, has found help rebuilding its fortunes with the rise of China's smartphone makers.
*Treasury to sell $20 billion in one-month bills. *Treasury to sell $26 billion in 189- day cash management bills. *Treasury to sell $22 billion in one-year bills.
*Senate leaders said to be close to a deal. The top Democrat and Republican in the Senate were close to finishing a plan to raise the debt limit- and reopen the partially shuttered government- that could be considered by the full Senate later on Wednesday.
OTTAWA, Oct 16- The European Union and Canada will soon complete talks on a free trade deal, Canadian Prime Minister Stephen Harper said on Wednesday, signalling an end to negotiations that have dragged on for years longer than planned. Business leaders in Canada and the European Union have in recent months openly pressured the two sides to seal an agreement.
*Cuts FY adj earnings/shr forecast to $4.90- $5.00 from $5.40- $5.65. Oct 16- Power tool maker Stanley Black& Decker Inc cut its 2013 profit forecast, blaming weakness in its European security business and the U.S. government shutdown and spending cuts, sending its shares down as much as 15 percent.
*Washington may be nearing deal to resolve debt crisis. LONDON, Oct 16- Gold dropped on Wednesday on expectations U.S. lawmakers would strike a last-minute deal to prevent the country defaulting on its debt.
NEW YORK, Oct 16- Yields on U.S. Treasury securities due this month fell from five-year highs on Wednesday on reports that U.S. Senate negotiations to raise the country's debt limit are nearing completion.
Oct 16- Mattel Inc topped Wall Street's profit estimates for the third quarter, benefiting from strong demand for its chubby-faced American Girl dolls and its Monster High line depicting the teen descendants of famous monsters.
Oct 16- Shares of Plains GP Holdings LP, the holding company for pipeline operator Plains All American Pipeline LP, rose 5 percent in their market debut, valuing the company at about $14 billion.
*India, China have never conformed. BRUSSELS, Oct 16- The Europe Union should exert its right to impose carbon charges on aviation within its own airspace, the European Commission said on Wednesday, a step likely to rile emerging powers China and India and revive trade tensions.
*US Senate edges closer to budget deal, needs House OK. LONDON, Oct 16- Brent crude oil rose above $110 on Wednesday as the U.S. Senate inched towards a last-minute deal to raise the government's borrowing authority. Brent crude was up 67 cents to $110.63 a barrel by 1355 GMT after ending $1.14 lower in the previous session.
*Bank of America posts profit, credit loss provisions dip. Bank of America Corp reported a third-quarter profit of $2.22 billion, compared with a loss a year earlier, as provisions for credit losses fell.
Oct 16- Shares of Veeva Systems Inc, a provider of cloud-based software to drugmakers, nearly doubled in their market debut, valuing the company at nearly $5 billion. The company raised about $194.4 million on Tuesday after pricing its IPO at $20 per share, well above its expected price range.
PARIS, Oct 16- European shares erased losses and turned positive on Wednesday afternoon, while German Bund futures moved lower on mounting expectation of an imminent deal in Washington to avert a damaging U.S. debt default. At 1405 GMT, the FTSEurofirst 300 index of top European shares was up 0.2 percent at 1,265.54 points.