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  • DIARY - Top Economic Events to Nov 10 Monday, 27 Oct 2014 | 8:01 PM ET

    Treasury acting Assistant Secretary for Financial Institutions Amias Gerety participates in panel discussion at the Third Annual Cyber Security Summit of the U.S. Chamber of Commerce, in Washington- 1405 GMT. PARIS- ECB governing council member and Bank of France Governor Christian Noyer speaks at the French Senate's finance commission- 1345 GMT.

  • DETROIT, Oct 27- Detroit on Monday wrapped up its historic bankruptcy case, which began with contentious opposition from creditors and ended with eleventh-hour deals enabling the city to shed $7 billion of its $18 billion of debt and obligations. Bankruptcy Judge Steven Rhodes that he should permit Detroit to emerge from bankruptcy before Thanksgiving.

  • After a series of perceived failures at the National Highway Transportation Safety Administration, David Friedman, who has served this year as acting head of the agency, is not expected to be tapped by the Obama administration for the job, the source said. The agency has been sharply criticized for responding slowly to repeated red flags of a deadly ignition...

  • MEXICO CITY/ WASHINGTON, Oct 27- Mexico and the United States reached a deal on Monday to avert potentially steep duties on Mexican sugar imports to the United States in talks that went down to the last minute. The U.S. Department of Commerce said late on Monday that Mexican and U.S. officials and Mexican sugar exporters initialed a draft agreement that would...

  • SYDNEY, Oct 28- The U.S. dollar nursed modest losses early on Tuesday, having slipped broadly in a sluggish session overnight on expectations of more dovish comments from the Federal Reserve. It also ceded a bit of ground against the euro, which last traded at $1.2698 off Monday's low of $1.2665. The common currency had risen as high as $1.2723, but failed to break...

  • Oct 27- Receptos Inc said its experimental ulcerative colitis drug met the main goal in a mid-stage trial, sending its shares up 30 percent. Receptos' study tested the safety and efficacy in two doses of its lead drug, RPC1063, against a placebo in 199 patients with ulcerative colitis. Receptos plans to begin a mid-stage study for it in 2015..

  • HOUSTON, Oct 27- Venezuela's surprise move to scrap the sale of its U.S. refining unit Citgo was prompted when bids came in well below its $10 billion asking price, and sovereign and corporate bondholders criticized selling a reliable source of cash during a liquidity crunch, a source familiar with the situation said on Monday. State oil company PDVSA had hired...

  • WASHINGTON, Oct 27- The U.S. Defense Department and Lockheed Martin Corp have agreed in principle for the production of 43 F-35 Lightning II fighter jets, the Pentagon said on Monday. The Pentagon statement said cost details would be released once the agreement is finalized in coming weeks. The Pentagon said the contract, for what will be the eighth batch of F-35...

  • NEW YORK, Oct 27- The United States on Monday joined a lawsuit accusing New York City and Computer Sciences Corp of defrauding Medicaid into making millions of dollars of improper reimbursements by exploiting a computerized billing system that the company designed. The U.S. attorney for Manhattan, Preet Bharara, said some of these services might have been...

  • Vente-Privee began operating in the United States in 2011 in a joint venture with American Express to access an affluent client base of card holders, giving it instant credibility and brand recognition despite not being a household name outside Europe. "Both companies decided that given the road to profitability for vente-privee USA was going to be longer...

  • NEW YORK, Oct 27- Blackstone Group LP, the world's largest private equity investor in real estate, is preparing to seek around $13 billion for its next flagship global real estate fund, in line with its predecessor fund, according to people familiar with the matter. Its latest fund, Blackstone Real Estate Partners VII, which raised $13.4 billion in 2012, reported a...

  • WINNIPEG, Manitoba, Oct 27- Canadian grain handler CWB has rejected a letter of intent from Farmers of North America to buy a majority stake, Saskatoon, Saskatchewan- based FNA said on Monday. FNA told CWB that it valued the company at C $250 million to C $300 million, and wanted to negotiate a price. Richard Martin, spokesman for Winnipeg- based CWB, declined to comment.

  • SAN FRANCISCO, Oct 27- Twitter Inc posted a disappointing 7 percent slide in a closely watched measure of engagement even though its user base grew 23 percent in the third quarter, triggering a more than 9 percent decline in its stock on Monday. The online messaging service also projected fourth-quarter revenue that may miss Wall Street's targets.

  • Oct 27- Regal Entertainment Group, the No.1 U.S. theater chain, said it was considering strategic options, including a sale, sending its shares up 17 percent in extended trading. Regal's net income for the quarter ended Sept. 25 fell about 65 percent to $26.4 million, or 17 cents per share. Regal's shares were trading at $24.50, after closing at $20.51 on the New York...

  • UPDATE 1-Schwab to offer free 'robo-advice' Monday, 27 Oct 2014 | 5:01 PM ET

    NEW YORK, Oct 27- Charles Schwab Corp confirmed on Monday that it will introduce free automated investment plans picked by computer algorithms in the first quarter of 2015.. Traditional brokerage firms, including Schwab and competitors such as Bank of America's Merrill Lynch and Morgan Stanley, typically charge 1 percent or more of clients' invested assets in...

  • BEIJING/ TOKYO, Oct 28- Japan's Takata Corp, whose potentially defective car air bags have been linked to four deaths in the United States, is unlikely to be dumped by its automaker customers given the cost and disruption of such a move- for now. But over the coming few years, as the next new models are designed and built, loyalty to Tokyo- based Takata, the world's No.2...

  • Oct 27- A U.S. judge on Monday slashed a $9 billion punitive damages award to $36.8 million against Takeda Pharmaceutical Co and Eli Lilly& Co over their Actos diabetes drug. District Judge Rebecca Doherty in Louisiana in a court filing granted a motion from the drugmakers to reduce the $9 billion in combined punitive damages awarded earlier this year.

  • SAN FRANCISCO, Oct 27- Twitter Inc reported a disappointing 7 percent slide in a key measure of engagement by its users in the third quarter, triggering a selloff of more than 9 percent in its stock on Monday. But it projected sales of $440 million to $450 million in the holiday quarter, versus expectations for around $448.8 million. Shares in the company slid 9.1...

  • Wal-Mart Stores Inc is among the roughly 50 big retailers that have chosen not to accept Apple Pay, along with Rite Aid Corp and CVS HealthCorp. Mastercard criticized the move by CVS and Rite Aid, saying it would limit the options of consumers. "We are disappointed that both Rite Aid and CVS have decided to block their customers from using the payment method of their...

  • NEW YORK, Oct 27- The United States on Monday joined a lawsuit accusing New York City and Computer Sciences Corp of defrauding Medicaid into making millions of dollars of improper reimbursements by exploiting a computerized billing system that the company designed. The U.S. attorney for Manhattan, Preet Bharara, said the fraud led to the city and Computer...