U.S. cancer drug company Medivation is discussing opening its books to Sanofi, people familiar with the matter said on Tuesday. » Read More
BUENOS AIRES, Oct 31- Telecom Argentina SA, one of Argentina's top telecommunications companies, reported on Wednesday that its third-quarter net profit rose 2.1 percent from a year before, thanks to hefty sales.
ANCHORAGE, Alaska-- Royal Dutch Shell PLC has concluded drilling for the season in the Arctic Ocean off Alaska's northwest and north coast. Shell Alaska spokesman Curtis Smith says the company completed one top hole in both the Chukchi and Beaufort seas. Top holes are the foundation of an exploratory well.
KETTERING, Ohio- President Barack Obama and Republican Mitt Romney briefly put aside their fierce battle for the White House on Tuesday, avoiding politics to focus on relief efforts after mammoth storm Sandy left millions of Americans struggling to recover.
KHARTOUM, Oct 31- After a Sudanese plane crashed at Khartoum's international airport last year, authorities didn't slow plans to build new airports and add more routes. They used the incident to shoot a video showing how safe flying in Sudan is, thanks to its skillful pilots.
CHICAGO, Oct 31- Business activity in the U.S. Midwest contracted for a second month in October, a report showed on Wednesday, although the forward-looking measure for new orders rose. The Institute for Supply Management-Chicago business barometer rose slightly to 49.9, from 49.7 in September.
Oct 31- Facebook Inc shares fell 4 percent to $21.07 in busy early trade on Wednesday morning on the company's approval to let employees sell some stock. As a result, Facebook staffers were able to sell their vested shares on Oct. 29.
*OPEC crude oil output rises slightly in October- survey. LONDON, Oct 31- Brent crude rose above $109 a barrel on Wednesday as the U.S. East Coast began to pick itself up from a massive storm, but gains were capped by concerns over the demand impact on the world's largest oil consumer.
*Bank of Canada seen on hold for longer. OTTAWA, Oct 31- The Canadian economy unexpectedly shrank by 0.1 percent in August from July, pointing to slower growth in the third quarter than in the first half of the year and supporting a Bank of Canada message that interest rate hikes are less imminent.
LONDON, Oct 31- JPMorgan Chase& Co has filed a9519reuff. LONDON, Oct 31- JPMorgan Chase& Co has filed a suit in a British court against the former boss of Bruno Iksil, the trader known as the London Whale, for the outsized derivatives positions he took that cost the bank $6.2 billion in losses this year.
DETROIT, Oct 31- Around 12,600 white-collar retirees of General Motors Co have agreed to accept lump-sum payments in lieu of monthly pension checks from the largest U.S. automaker.
FRANKFURT, Oct 31- Germany's solar power systems market continued to grow strongly in September, putting Europe's biggest economy on track for a new installation record this year and increasing pressure on the ruling coalition to curb the spiralling costs to consumers.
*Arabica market under pressure from Brazil producer selling. *Brazil dry weather could see sugar output revised higher. LONDON, Oct 31- Arabica coffee futures were steady on Wednesday as selling from top producer Brazil weighed and dealers monitored weather conditions in the U.S. after exchange stocks on the east coast were unscathed by stormy weather.
*Market awaits China's official PMI on Thursday. LONDON, Oct 31- London copper rose more than 1 percent as the dollar weakened against the euro on Wednesday, but the metal was still on track for a monthly loss on uncertainty about demand from top consumer China.
Oct 31- Nu Skin Enterprises Inc's quarterly results handily beat Wall Street expectations on strong performance of its anti-ageing and nutritional supplement businesses in China, prompting the company to raise its full-year forecast for the sixth time.
NEW YORK, Oct 31- The Dow and S&P opened higher on Wednesday as equity markets reopened following a two-day market closure prompted by a damaging storm in the U.S. The Dow Jones industrial average was up 80.02 points, or 0.61 percent, at 13,187.23. The Standard& Poor's 500 Index was up 5.81 points, or 0.41 percent, at 1,417.75.
The company's margins were also higher than expected in Europe and the Atlantic Basin, which helped drive the earnings beat, Roger Read, analyst for Wells Fargo said in a note to clients. The Houston company had a third-quarter profit of $1.6 billion or $2.51 per share, compared with $1 billion or $1.65 per share a year earlier.
Oct 31- Facebook Inc shares fell 4 percent to $21.07 in busy early trade on Wednesday morning on the company's approval to let employees sell some stock. The world's largest social network waived a provision that prevented employees from selling shares until Nov. 14. As a result, Facebook staffers were able to sell their vested shares on Oct. 29.
WALL TOWNSHIP, N.J.-- It's reminiscent of the gas shortages in the 1970 s. Motorists are lining up for miles for gasoline at a service area on the Garden State Parkway in Wall Township. Brian Polite says the wait has been about an hour.
Oct 31- JPMorgan Chase& Co has filed suit against the former boss of Bruno Iksil, the trader known as the London Whale for the outsized derivatives positions he took that cost the bank $6.2 billion this year, according to a published report. JPMorgan executives said in July the bank would act to take back pay from traders and supervisors involved in the loss.
Wall St view of a loss of 18 cents. The video game publisher blasted past estimates as it posted adjusted earnings per share of 11 cents versus analysts' average expectations of a loss of 18 cents according to Thomson Reuters I/B/E/S. For the quarter ending Sept. 30, revenue more than doubled to $288 million, beating analysts' forecast of $240.66 million.