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  • *Banks bid for $201 million out of $1.5 billion on offer. MOSCOW, Oct 29- A debut auction of forex repos by Russia's central bank on Wednesday met with lacklustre demand, with analysts saying banks were deterred from taking up the offer by a relatively high interest rate and short-term nature of the instrument. "Quite clearly $200 million looks quite tiny," said Maxim...

  • OTTAWA, Oct 29- Canada has issued an emergency order to railways detailing how many handbrakes they must set on unattended trains to prevent deadly runaways, and will hire new staff to conduct an "audit blitz" of rail companies' safety systems. The announcement on Wednesday came in response to the Canadian Transportation Safety Board's final report in August on...

  • SOFIA, Oct 29- Bulgaria's Central Bank Governor Ivan Iskrov told parliament on Wednesday he will step down as soon as a decision is taken on what to do with Corporate Commercial Bank, after the country's worst banking crisis since the 1990 s. Corpbank's clients have been unable to access their deposits since June, sparking waves of angry protests and a sharp...

  • JERUSALEM, Oct 29- Bank Leumi, Israel's second-largest lender, said a settlement with U.S. authorities over possible tax evasion by the bank's American clients could be far higher than previously estimated while also rejecting an offer from New York State. The bank has been negotiating with the authorities for months and had said it was close to a deal to pay 950...

  • DTCC drops case against U.S. CFTC in row about data Wednesday, 29 Oct 2014 | 11:14 AM ET

    WASHINGTON, Oct 29- The U.S. Depository Trust& Clearing Corporation dropped its case against the Commodity Futures Trading Commission in a dispute about access to potentially lucrative trading data, a court document showed on Wednesday. The DTCC and the derivatives regulator had agreed "to the dismissal without prejudice of the remaining causes of action in...

  • Garmin profit beats on GPS fitness device demand Wednesday, 29 Oct 2014 | 11:09 AM ET

    Garmin, a maker of GPS-based devices, reported better-than-expected quarterly revenue and profit as demand surged for its fitness products.

  • Oct 29- U.S. health insurer WellPoint Inc on Wednesday reported a higher-than-expected quarterly profit as its medical costs stayed low, and it forecast continued earnings growth in 2015.. Some hospitals have said customers are have more procedures because of a turn in the economy, while others have cited new insurance and Medicaid plans offered under...

  • *Milan- listed shares jump 18 percent. MILAN, Oct 29- Fiat Chrysler Automobiles plans to list a 10 percent stake in luxury brand Ferrari and issue $2.5 billion in convertible bonds to help fund the parent company's turnaround plan. Milan- listed shares in FCA, the world's seventh-largest carmaker, jumped more than 18 percent to trade at 9.03 euros on Wednesday, their...

  • HP tries something new with 3D scanning computer Wednesday, 29 Oct 2014 | 11:00 AM ET

    PALO ALTO, Calif., Oct 29- Hewlett-Packard Co has taken a modest step toward re-imagining the venerable personal computer, merging a 3 D scanner and projector with an all-in-one PC to create a $1,899 ensemble it hopes can rekindle industry interest. The new desktop computer, called Sprout, goes on sale online Wednesday. Sprout sits atop Microsoft's Windows 8 and...

  • Hershey says higher milk prices, dollar hurt profit Wednesday, 29 Oct 2014 | 10:59 AM ET

    Hershey cut its full-year earnings and revenue growth forecasts, citing higher dairy prices, a stronger dollar and weak sales growth in some markets.

  • LONDON, Oct 29- Pierre Andurand, one of the most respected and successful fund managers in the oil industry, said he believed U.S. light crude oil could fall as low as $50 per barrel. Andurand told the Oil and Money conference that he thought it unlikely that OPEC would cut production, even though current supply and demand trends suggested the market could be in a 2...

  • Oct 29- Comcast Corp has reached a $50 million settlement in a decade-old lawsuit accusing it of overcharging cable television subscribers, 1-1/ 2 years after the U.S. Supreme Court threw out a larger version of the class-action case. The preliminary settlement, which requires court approval, calls for Comcast to pay $16.67 million in cash to current and former...

  • Panera cuts 2014 profit forecast, shares slip Wednesday, 29 Oct 2014 | 10:39 AM ET
    Panera's Breakfast Power Sandwich

    Panera Bread on Tuesday lowered its full-year earnings forecast as it works to speed up service at its popular bakery cafes.

  • Oct 29- Shares of Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, rose as much as 41 percent in their market debut, in what was the largest initial public offering by an MLP in a decade. Royal Dutch Shell became first of the industry majors to take an MLP public as a way to monetize assets while lowering the cost of capital.

  • LONDON, Oct 29- Britain's Serious Fraud Office confirmed on Wednesday it had formally launched a criminal investigation into accounting practices at Tesco Plc, Britain's largest retailer. The financial regulator, the Financial Conduct Authority, promptly confirmed it was discontinuing its own separate investigation with immediate effect following a...

  • *OPEC fine for 2014 with average prices, sec gen says. *OPEC must be ready to pump 40 mln bpd by 2040. Oil's drop below the $100- mark, the level many OPEC members had endorsed, has raised the question of whether OPEC will cut supply when it meets in November.

  • MOSCOW, Oct 29- Russia's largest non-state gas producer, Novatek, said on Wednesday its third-quarter net profit fell by 67.5 percent because of a weaker rouble, slightly missing forecasts. The company, co-owned by an ally of President Vladimir Putin and under U.S. sanctions, said its July-September net profit reached 7.6 billion roubles, just below an average...

  • *None of the 54 economists polled expect any BoE action on Nov 6. LONDON, Oct 29- A rise in British interest rates in the first quarter of 2015 is now much less certain, according to a Reuters poll in which almost half the economists questioned thought the hike would come later in the year. In an Oct. 1 poll 54 of 60 economists had expected the Bank of England to act before...

  • Oct 29- Canadian uranium producer Cameco Corp said it expected full-year revenue to fall up to 5 percent as it trims production to account for labor issues at its mines. Cameco trimmed its 2014 uranium production forecast to between 22.6 million-22.8 million pounds, from 22.8 million- 23.3 million pounds. Cameco, which has contracts at prices above the spot...

  • FACTBOX-GMO crops have history of controversy Wednesday, 29 Oct 2014 | 10:26 AM ET

    Oct 29- Since commercialization of the world's first genetically engineered crops in 1995-1996, there has been an ongoing debate globally about the safety and effectiveness of the crops. On Nov. 4, voters in Oregon and Colorado will weigh in on proposed laws that would require foods made with genetically engineered crops and sold in those states to be labeled...