Panasonic Corp has stopped making TVs in China and plans to liquidate its joint venture in Shandong due to strong pricing pressure, a company source said on Saturday.» Read More
Sept 12- Pfizer Inc and India's Ranbaxy Laboratories Ltd on Friday won dismissal of an antitrust lawsuit accusing them of conspiring to delay sales of generic versions of the cholesterol drug Lipitor, the best-selling drug in history.
BRUSSELS, Sept 12- The European Union and Ukraine agreed on Friday to delay the implementation of their free-trade pact until the end of next year in a concession to Russia, which had complained its industry would be hurt by the deal.
Sept 12- Hudson City Bancorp Inc said Chief Executive Ronald Hermance Jr., 67, passed away unexpectedly on Thursday evening, and named Chief Operating Officer Denis Salamone as successor. His passing comes before the close of M&T Bank Corp's acquisition of Hudson City for $3.7 billion.
Sept 12- Israel Chemicals Ltd, a Tel Aviv- based maker of fertilizer and specialty chemicals, filed with U.S. regulators to list on the New York Stock Exchange. ICL, which has exclusive permits to extract potash and bromine from the Dead Sea, is a subsidiary of Israel Corp and the second largest company on the Tel Aviv Stock Exchange by market value.
NEW YORK, Sept 12- U.S. stocks fell on Friday as energy shares extended their recent slide, while rising bond yields drove down high-dividend paying shares. Shares of Exxon Mobil Corp retreated 1.3 percent on the day, while ConocoPhillips fell 1.2 percent.
MEXICO CITY, Sept 12- Mexican President Enrique Peña Nieto said on Friday limits on companies making dollar deposits in cash would be scrapped in a bid to spur trade in the border region near the United States.
*Weaker oil demand growth in China and Europe- IEA. NEW YORK, Sept 12- Crude oil prices fell on Friday on pressure from weak demand, ample supplies and a strong dollar. "We've seen a lot of selling pressure lately and concerns of a lot of oil on hand to meet demand," said Gene McGillian, an analyst at Tradition Energy in Stamford, Connecticut.
By Michael Flaherty and Howard Schneider. WASHINGTON, Sept 12- Federal Reserve Vice Chairman Stanley Fischer has been tapped to head a new financial stability panel at the U.S. central bank, an influential perch he could use to try to broaden and enhance the Fed's powers to ward off a future financial crisis.
WASHINGTON, Sept 12- Images of two Americans being beheaded and of Russian tanks rolling through Ukraine have boosted pressure on Congress to roll back $1 trillion in mandatory defense cuts that the defense industry blames for almost 100,000 job cuts in recent years.
NEW YORK, Sept 12- U.S. stocks fell on Friday weighed by energy shares as crude prices continued to fall, while high-yielding utilities and telecom shares also sold off as Treasury yields jumped.
"Cuts in the government R&D budget are very worrisome, and it is not a long-term sustainable trend for the country," Boeing Co President and Chief Operating Officer Dennis Muilenburg told the Reuters Aerospace and Defense Summit this week.
Sept 12- RadioShack Corp confronts an uncomfortable fact as it considers filing for bankruptcy to give it time to overhaul its 4,400 electronics stores: Retailers rarely emerge from bankruptcy.
Sept 12- Israel Chemicals Ltd, a Tel Aviv- based maker of fertiliser and speciality chemicals, filed with U.S. regulators to list on the New York Stock Exchange. Morgan Stanley and Barclays are the lead underwriters for the IPO, the company said. ICL is a subsidiary of Israel Corp and the second largest company on the Tel Aviv Stock Exchange by market value.
WASHINGTON, Sept 12- The United States hit Russia's largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions on Friday to punish Moscow for its intervention in Ukraine. They are the latest economic penalties imposed by the West since Russia annexed Crimea from Ukraine in March.
CHICAGO, Sept 12- Cargill Inc, the top U.S. grain exporter, sued a unit of Syngenta AG in a Louisiana state court on Friday for damages stemming from China's rejection of genetically modified U.S. corn, which Cargill said cost the company more than $90 million.
LONDON, Sept 12- New European Commission President Jean-Claude Juncker came under fire from health campaigners on Friday for his plan to shift responsibility for medicines to the Commission's industrial division from health.
*Gold hits lowest since Jan. 10, below $1,230/ oz. NEW YORK/ LONDON, Sept 12- Gold slumped to an eight-month low on Friday, dropping 1 percent as a lack of physical and investment demand and widespread commodities losses weighed on bullion. Gold's losses also pressured silver and platinum group metals, with platinum hitting a 2014 low earlier in the session.
NEW YORK, Sept 12- U.S.-listed shares of Brazilian companies were down sharply on Friday after an opinion poll showed Brazilian President Dilma Rousseff has narrowed the lead of her top challenger, Marina Silva, in a likely runoff race.
WASHINGTON, Sept 12- Federal Reserve Vice Chairman Stanley Fischer has been tapped to head a new financial stability panel at the U.S. central bank, an influential perch he could use to try to broaden and enhance the Fed's powers to ward off a future financial crisis.
SAN FRANCISCO, Sept 12- The Federal Reserve will drop its promise to keep rates near zero for a "considerable time" after it ends its bond-buying program, paving the way for a first Fed rate hike in June 2015, a top Wall Street economist predicted on Friday.