AUGUSTA, Maine-- Maine's American Indian tribes that have long seen gambling as the remedy for high unemployment and sluggish economic growth in their communities are a step closer to being able to operate casinos after winning initial approval in the Democratic-controlled House on Thursday.» Read More
NEW YORK, Oct 9- Private equity firms J.C. Flowers& Co and Apollo Global Management are among a handful of companies expected to bid for Hartford Financial Services Group Inc' s Japanese annuity business, three people familiar with the situation told Reuters this week. Hartford has tapped Deutsche Bank to handle the sales process, the sources said.
*Telecom Italia, TIM shares rise more than 6 percent. MILAN/ FRANKFURT, Oct 9- Telecom Italia is considering a sale of its 67 percent stake in Brazilian mobile operator TIM Participacoes in a bid to reduce its debt, said a person familiar with the matter on Wednesday.
WASHINGTON, Oct 9- President Barack Obama will sit down on Thursday with some of his main adversaries in the fight over raising the U.S. debt ceiling and ending a government shutdown, meeting with Republicans who control the House of Representatives.
*South Korea says detects zilpaterol in U.S. beef. *Halts some U.S. beef imports from unit of JBS USA.
NEW YORK, Oct 9- Strains in short-term interest rates and funding markets increased on Wednesday as the battle over the U.S. debt ceiling heats up, but the dollar rallied after the Federal Reserve said the decision not to reduce bond purchases in September was a close call for some policymakers.
Oct 9- The Federal Reserve's shock decision last month not to reduce its support for the U.S. economy was a "relatively close call" for policymakers, according to minutes of the meeting that also suggested there was still broad support to trim bond-buying this year. DOUGLAS BORTHWICK, MANAGING DIRECTOR, CHAPDELAINE FOREIGN EXCHANGE, NEW YORK;.
President Barack Obama will nominate Fed number two Janet Yellen to run the world's most influential central bank, providing some relief to markets that will expect her to tread carefully in winding down economic stimulus. Members of Congress see signs of hope in fiscal impasse.
WASHINGTON, Oct 9- The U.S. Senate's number two Republican voiced strong reservations on Wednesday about Janet Yellen as the next chair of the Federal Reserve, signaling potentially significant opposition against her confirmation to this powerful post.
BOGOTA, Oct 9- A bomb attack on a gas pipeline in eastern Colombia has cut off 150 million cubic feet of exports to neighboring Venezuela, the police said on Wednesday, the latest in a run of attacks on the country's oil infrastructure blamed on leftist guerrillas.
WASHINGTON, Oct 9- President Barack Obama would veto a bill by the Republican-led House of Representatives that would extend funding for the Federal Aviation Administration during the government shutdown, the White House said on Wednesday.
*Costco earnings per share $1.40 vs Wall Street view $1.46. *Family Dollar profit 86 cents/ share; Street view 84 cents. *Costco shares up, Family Dollar down 2.6 pct.
NEW YORK, Oct 9- Statisticians have noted a rise in "gray divorces" lately. Spouses who stayed together through decades of sickness, health, richness, poorness, child rearing and parental health troubles are breaking up, just as they are supposed to be entering their own happy golden years.
*Wall St looks past Washington impasse to more gains-poll. NEW YORK, Oct 9- U.S. stocks climbed Wednesday to recovering from some of the day's earlier losses, and the year's high-performing technology stocks fell, as investors anticipated the nomination of Janet Yellen as U.S. central bank chairman and as a political standoff continued in Washington.
NEW YORK, Oct 9- The Dow and S&P 500 held gains after the release of minutes from the last Federal Reserve meeting. The Nasdaq remained in negative territory. The Nasdaq Composite Index was down 9.42 points, or 0.25 percent, at 3,685.41.
MEXICO CITY, Oct 9- Mexico's government is primed to water down parts of a proposed tax overhaul that aims to boost the country's slender tax take, the head of the ruling Institutional Revolutionary Party said on Wednesday.
WASHINGTON, Oct 9- President Barack Obama directed government lawyers to find an immediate fix for stalled aid for the families of soldiers killed in the line of duty during the government shutdown, White House spokesman Jay Carney told reporters on Wednesday.
NEW YORK, Oct 9- Banks and money market funds are beginning to shun some Treasuries normally used as collateral in the $5 trillion repurchase agreement market, a sign that the deadlock over raising the U.S. debt ceiling could disrupt a key source of day-to-day funding for the financial system.
CACI Chief Executive Ken Asbury told Reuters the acquisition would help accelerate CACI's transition as it shifts into providing more technology-based "solutions" to government agencies and away from providing mainly services and staff.
NEW YORK, Oct 9- South Africa's declining economic growth rates will continue to feel the impact of strikes in its key mining sector in 2013, even as mining revenues are expected to rise, Deputy Finance Minister Nhlanhla Nene told Reuters on Wednesday.
CHICAGO, Oct 9- U.S. agribusiness giant Cargill Inc on Wednesday reported a 41 percent drop in quarterly profits as the lingering effects of the 2012 severe drought in the United States reduced grain-handling opportunities.