*HSBC flash PMI dips to 7- month low on weak demand. BEIJING, May 23- China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering.» Read More
Dec 12- Federal Reserve Chairman Ben Bernanke said on Wednesday he has not discussed with President Barack Obama the possibility of serving a third term at the helm of the U.S. central bank, leaving his future up in the air.
NEW YORK, Dec 12- In the latest chapter of a U.S. crackdown on insider trading, Tiger Asia Management, an Asia- focused hedge fund run by Sung Kook "Bill" Hwang, pleaded guilty on Wednesday to wire fraud in connection with illegal trading of two Chinese bank stocks, according to federal prosecutors in New Jersey.
NEW YORK, Dec 12- Unpaid bloggers have lost their bid to get an appeals court to restore a lawsuit contending AOL Inc owes them a cut of the $315 million it spent last year to buy The Huffington Post.
NEW YORK, Dec 12- Global shares rose and the euro jumped against the dollar on Wednesday after the Federal Reserve ramped up its monetary stimulus and said it would keep benchmark U.S. interest rates near zero until the jobless rate falls sharply.
*Dow off 0.02 pct; S&P 500 up 0.04 pct; Nasdaq off 0.3 pct. NEW YORK, Dec 12- U.S. stocks ended nearly flat on Wednesday, giving up most of the day's gains after Fed Chairman Ben Bernanke reiterated that monetary policy won't be enough to offset damage from the "fiscal cliff."
NEW YORK, Dec 12- Treasuries prices fell on Wednesday, with 30- year bonds falling particularly sharply, after the Federal Reserve's announced a new bond-buying program that shifts more of its purchases to the five-year sector.
*Cost over 20 years would be C $25.8 billion. OTTAWA, Dec 12- Canada scrapped a controversial plan to buy F-35 jets from Lockheed Martin Corp on Wednesday, saying that instead it would evaluate all available options for acquiring new jet fighters.
*Deal would tax undeclared German accounts in Switzerland. BERLIN, Dec 12- A German parliamentary mediation committee failed on Wednesday to reach an agreement on ratifying a tax deal signed by the German government with Switzerland, a battle tinged by next year's federal election.
*Long-term Treasury purchases to start at $45 bln per month in 2013. NEW YORK, Dec 12- The euro rose against the U.S. dollar on Wednesday, adding to gains after the Federal Reserve, as expected, left benchmark U.S. interest rates unchanged and said it would extend its bond-buying economic stimulus program.
Dec 12- The White House and the U.S. Congress are sizing up a range of corporate tax breaks as part of the "fiscal cliff" debate and a possible comprehensive revamping of the tax code next year.
NEW YORK, Dec 12- Oil prices rose sharply on W ednesday, with Brent crude pushing toward $110 a barrel after the U.S.
NEW YORK, Dec 12- U.S. stocks ended little changed on Wednesday, giving up most of the day's gains after Federal Reserve Chairman Ben Bernanke reiterated that monetary policy won't be enough to offset damage from the "fiscal cliff." The Dow Jones industrial average unofficially ended down 2.99 points, or 0.02 percent, at 13,245.45.
WASHINGTON, Dec 12- U.S. Senate Democrats said on Wednesday that Senator-elect Elizabeth Warren, a consumer finance activist feared by Wall Street, will join the Senate Banking Committee next year.
WASHINGTON, Dec 12- The Pentagon on Wednesday backed the Air Force's handling of a $6.8 billion helicopter competition but said it may have to use other tools to ensure a good price, after five of the six potential bidders pulled out, according to a senior defense official.
NEW YORK, Dec 12- The Dow briefly turned negative and the S&P 500 pared gains in late trading on Wednesday as investors digested comments by Federal Reserve Chairman Ben Bernanke. The Dow Jones industrial average fell briefly before turning up 6.37 points, or 0.05 percent, at 13,254.81. The Nasdaq Composite Index was down 6.46 points, or 0.21 percent, at 3,015.85.
*Insurgents close in on Damascus, explosion rocks capital. MARRAKECH, Morocco, Dec 12- Syrian President Bashar al-Assad's forces have fired Scud-style ballistic missiles against rebels in recent days, U.S. and NATO officials said on Wednesday, in what U.S. officials described as an escalation in the 20- month civil war.
NEW YORK, Dec 12- Industrial machinery maker SPX Corp has outbid private equity firms competing to buy Gardner Denver Inc by a wide margin, offering to pay more than $4 billion for the rival, according to two people familiar with the matter.
Dec 12- Warren Buffett's $1.2 billion share buyback from a single unnamed investor likely helped that person's estate save substantially on taxes, just one day after the Berkshire Hathaway CEO said the rich should actually be paying more, not less, when they die.
*Dow up 0.2 pct; S&P 500 up 0.4 pct; Nasdaq off 0.01 pct. NEW YORK, Dec 12- The S&P 500 climbed to a seven-week high on Wednesday after the U.S. The S&P 500 ticked up as high as 1,438. 59, its highest intraday level since Oct. 22, with all 10 industry sectors in positive territory.
WASHINGTON, Dec 12- In an unprecedented step, the Federal Reserve said on Wednesday it would hold interest rates near zero until the U.S. unemployment rate falls to 6.5 percent as it launched a new round of bond purchases to stimulate the economy.