The National Weather Service called "potentially historic" could dump 2 feet or more of snow between New York and New England.» Read More
BOSTON, Aug 18- Thomas Conheeney, who was president of Steven A. Cohen's SAC Capital Advisors during the years the hedge fund was being investigated for insider trading, has stepped down and left successor organization Point72 Asset Management, it said on Monday.
*Competition set to rise in Middle East, Asia. As the European Union's second biggest apple producer, Poland has some 700,000 tonnes of the fruit it usually sells to Russia but can't, because Moscow has a food embargo on many EU and U.S. goods as part of tit-for-tat sanctions related to the Ukraine crisis.
BRENT CRUDE FUTURES EXTEND LOSSES, FALL $2 TO $101.53/ BBL AS LIBYA EXPORTS RECOVER, GEOPOLITICAL WORRIES EASE.
LONDON, Aug 18- Europe's corporate earnings recovery has increased dividend payouts by the most in five years, data showed on Monday, and low interest rates and a further rise in profits should keep payouts flowing.
*Dollar General offers to buy Family Dollar. *Russia said all issues related to its humanitarian convoy to Ukraine had been resolved but said no progress has been made toward a ceasefire or political solution to the fighting in the east of the country after talks between Russia, Germany, France and Ukraine on Sunday.
Why experts say you shouldn't bet against the U.S. bond market rally anytime soon.
Aug 18- U.S. hospital operator Community Health Systems Inc said it suspected personal data, including patient names and addresses, of about 4.5 million people were stolen by Chinese hackers from its computer network during April and June. It did not include patient credit card or medical information, Community Health Systems said in a regulatory filing.
Aug 18- Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping an offer by Dollar Tree Inc, to strengthen its position as the No. 1 U.S. discount retailer. Both Dollar General and Dollar Tree have some capacity to go a little bit higher with the offer price, " Telsey Advisory Group analyst Joseph Feldman said.
Aug 18- Sensors and electrical controls maker Sensata Technologies Holding NV said it would buy Schrader group of companies for an enterprise value of $1 billion to benefit from a growing market for tire pressure monitoring sensors.
COMMUNITY HEALTH SYSTEMS SAYS DATA STOLEN IN CYBER ATTACK@. Aug 18- U.S. hospital operator Community Health Systems Inc said it suspected data of about 4.5 million clients were stolen by Chinese hackers from its computer network.
*Dollar General offers to buy Family Dollar. *Russia said all issues related to it sending a humanitarian convoy to Ukraine had been resolved but said no progress has been made in talks toward a ceasefire or political solution to the fighting in the east of the country after talks between Russia, Germany, France and Ukraine on Sunday.
*Europe stocks rebound from Friday's Ukraine- inspired drop. Oil falls $1 on reduced Ukraine tension, Libya supply. LONDON, Aug 18- European stocks rallied and prices of top-rated bonds fell on Monday as investors breathed easier over the crisis in Ukraine, which had appeared to escalate dangerously on Friday.
KUWAIT/ BEIJING, Aug 18- Kuwait has concluded a new 10- year deal with a China's Sinopec Corp to nearly double its supplies by offering to ship the oil and sell on a more competitive cost-and-freight basis, according to a KPC official and a trading source on Monday.
PARIS, Aug 18- European shares rallied on Monday as the threat of wider conflict in Ukraine, which had appeared to escalate on Friday, showed signs of easing. Russia's Foreign Ministry said on Monday a "certain progress" was achieved during talks among Russia, Germany, France and Ukraine in Berlin on Sunday.
Aug 18- Ingersoll-Rand Plc, a maker of heating and air conditioning systems, said it would buy Cameron International Corp's centrifugal compression unit for $850 million. Ingersoll-Rand said it planned to fund the acquisition through a combination of cash on hand and debt.
Aug 15- Chinese mobile-security software maker NQ Mobile Inc's Chief Financial Officer KB Teo resigned, citing family reasons, amid a buyout offer and a delay in filing its annual report. NQ Mobile said Teo's resignation, effective Aug. 22, was not related to the company's operations, policies or accounting practices.
*Kurdish forces make progress in Iraq against militants. LONDON, Aug 18- Oil fell more than $1 a barrel to trade below $103 on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.
Aug 18- Discount retailer Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping an offer by Dollar Tree Inc.. Dollar General's offer of $78.50 per share in cash represents a premium of 3.2 percent to Family Dollar's Friday close.
NEW YORK, Aug 18- Momentive Performance Materials, the quartz and silicone maker owned by Apollo Global Management, will embark Monday on a week of hotly contested hearings seeking court approval of a plan to cut $3 billion in debt and exit bankruptcy.
*Mercedes-Benz, with no Russia car production, could suffer. MOSCOW, Aug 18- Russia may tighten retaliatory sanctions against Western nations to include a ban on imports of cars, if the United States and the European Union impose additional sanctions on Moscow, daily newspaper Vedomosti reported on Monday.