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  • Nov 3- Hilton Worldwide Holdings Inc, the world's largest hotel operator, said Blackstone Group LP would reduce its stake in the company by 9 percent to 57 percent. The shares are worth $2.27 billion, based on Hilton's closing price of $25.24 on Friday. Blackstone had a stake of 66 percent, valued at $15.10 billion, in Hilton as of June 30, according to a U.S. Securities...

  • JPMorgan's Global Manufacturing Purchasing Managers' Index, produced with Markit, held steady at 52.2 in October. "The global PMI continues to signal 3-4 percent annualized gains in manufacturing output as we head towards year-end," said David Hensley, a director at JPMorgan. The index combines survey data from countries including the United States, Japan,...

  • Nov 3- Shares of Halyard Health Inc, the spun-off healthcare unit of Kimberly-Clark Corp, rose marginally in their market debut on Monday after many of the investors who expect the company to benefit from the Ebola crisis apparently bought the stock during its near two-week period of unofficial trading. Kimberly-Clark announced the spinoff a year ago, saying...

  • *Offer represents premium of 32 pct to Covance's Friday closing. *Covance up 25 pct, LabCorp down 8 pct on NYSE. Nov 3- Laboratory Corp of America Holdings, a major provider of healthcare diagnostic services, said it would buy Covance Inc for about $6.1 billion in cash and stock to expand into the contract clinical trial business.

  • LONDON, Nov 3- Icelandic low-cost airline Wow Air is looking to fly daily from Europe to the United States, after cut price tickets were snapped up for the five times a week flights it will start from next year. The airline offered tickets at 99 pounds one way from London to Boston via Iceland starting from March. London to Boston flights on the Wow Air website...

  • NEW YORK, Nov 3- LightSquared, the bankrupt wireless venture owned by Phil Falcone's Harbinger Capital Partners, has reached a deal to bring the company out of bankruptcy under control of lenders, according to a person close to the matter. However, the deal would keep the company together while distributing equity to lenders including Charles Ergen, chairman of...

  • Hilton says Blackstone to cut stake in by 9 pct Monday, 3 Nov 2014 | 11:19 AM ET

    Nov 3- Hilton Worldwide Holdings Inc, the world's largest hotel operator, said Blackstone Group LP would reduce its stake in the company by 9 percent to 57 percent. The shares are worth $2.27 billion, based on Hilton's closing price of $25.24 on Friday. Blackstone had a stake of 66 percent, valued at $15.10 billion, in Hilton as of June 30, according to a U.S. Securities...

  • NEW YORK, Nov 3- The dollar reached multi-year highs against both the yen and euro on Monday, adding to gains built on the Bank of Japan's surprising stimulus announcement from last week, but equity markets slipped after weak data out of China and Europe. "The bull market may be old and wrinkly, but it is still alive and there's nowhere else for investors to really go...

  • *Russia says vote gives rebels right to speak to Kiev. DONETSK, Ukraine, Nov 3- Pro-Russian separatists in Ukraine named a leader of a breakaway republic on Monday after weekend elections which was denounced by Kiev and the West and further deepened a standoff with Russia over the future of the former Soviet state. The rogue votes, which Kiev says Russia encouraged,...

  • LONDON, Nov 3- Cristina Fernandez, president of Argentina, is the sort of populist political leader financial markets love to hate. Oil output has been falling, from a peak of more than 900,000 barrels per day in 1998 to a little over 700,000 bpd in 2013, and Argentina became a net petroleum importer in 2012.. The U.S. Energy Information Administration estimates...

  • *Snam leads European utilities index lower. LONDON, Nov 3- European shares fell from a four-week high on Monday, with disappointing data from Europe and the United States hurting sentiment and gas transport group Snam leading the utilities sector down following a regulatory setback. The European utilities index fell 2.3 percent, the top sectoral decliner, on a...

  • ZAGREB, Nov 3- At midday, the main food market in Croatia's picturesque capital is a feast of colour, sounds and smells. Croatia has seen none of the boom enjoyed by the Class of 2004-- 10 states, mostly ex-communist and eastern European, that joined the EU a decade ago when world business was booming. Croatia has since regained its democratic credentials but struggled...

  • LOS ANGELES, Nov 3- U.S. students are still largely on their own to protect themselves when they are struggling to repay their debt, despite the government's condemnation of some education loan servicers' unfair, deceptive and illegal practices. In a report last week, the Consumer Financial Protection Bureau found one or more student loan servicers had charged...

  • *Rheinmetall cuts guidance a second time in three months. FRANKFURT, Nov 3- Rheinmetall cut its 2014 earnings forecast for a second time as its strong automotive business fails to offset cost overruns and lower margins at its defence division, pushing its shares close to a three-year low. Rheinmetall had already cut its 2014 earnings forecast in August, after the...

  • Nov 3- Virgin America Inc, a low-cost airline partly owned by Richard Branson, said its initial public offering is expected to be priced at $21- $24 per share, valuing the company at about $1.04 billion at the top end of the range. Virgin America, known for mood lighting and wi-fi and comfortable leather seats even in economy class, offers flights to 22 cities in the...

  • WASHINGTON, Nov 3- U.S. manufacturing activity unexpectedly accelerated in October as new orders rebounded strongly, which should ease concerns of a significant moderation in economic growth in the fourth quarter. Other data on Monday showed strong automobile sales last month, although top-seller General Motors Co missed expectations.

  • MEXICO CITY, Nov 3- Mexico's manufacturing sector sentiment rose in October to a nine-month high, a survey showed on Monday, as output and new orders picked up in a that sign industrial activity in Latin America's No. 2 economy could gain speed. Mexico exports mostly manufactured goods and sends nearly 80 percent of its exports to the United States.

  • Nov 3- Caught in a trade war between China and the United States, Taiwan's solar companies are scrambling to find new customers in a sharp reversal of fortunes for an industry flooded with orders just a year ago. Solar cell makers such as Neo Solar Power Corp, Motech Industries Inc and Gintech Energy Corp are chasing contracts in Japan, Europe and emerging solar...

  • *This is down from 6.68 billion riyals previously. DUBAI, Nov 3- Saudi Arabia's bourse regulator launched an investigation into Mobily on Monday after the telecoms firm restated a year and a half of its earnings, months before the kingdom is due to open its stock market to direct foreign investment. Saudi Arabia ranked highest among the five main Middle East...

  • The high court's action means that an appeals court ruling that threw out a $919.9 million jury verdict that DuPont won against Kolon Industries Inc and ordered a new trial stays intact. South Korea- based Kolon had sought high court review over the judge recusal issue because the appeals court had left undisturbed various preliminary rulings that favored...