BEIJING, April 20- Strong demand for new automobiles in China has laid the foundations for the next leg of business for carmakers BMW, Audi and Mercedes-Benz: the second-hand premium car market. We have 290 dealers who offer certified pre-owned Audis, " Rupert Stadler, chief executive of Volkswagen's premium brand, Audi, said during the Auto China show in Beijing.» Read More
SAN JUAN, Puerto Rico, Oct 30- A Securities and Exchange Commission judge dismissed a complaint against two top executives of UBS Puerto Rico as it prepares to fight off a flood of legal complaints prompted by local investor losses adding up to $4.5 billion so far this year.
However, lifting the 80- year old ban on general solicitation in certain private securities offerings only took effect after the SEC completed the new regulations. The final rule was adopted by the SEC in July and advertising began on Sept. 23.
LONDON, Oct 30- A buoyant economy will prompt the Bank of England to bring forward the time it thinks unemployment will fall to the 7 percent threshold where it says it will discuss changing monetary policy, a Reuters poll found. "They'll bring it forward from end-2016 to early 2016- the economy is stronger," said Michael Saunders at Citi.
NEW YORK, Oct 30- U.S. stocks fell in volatile trading on Wednesday after the Federal Reserve said it would keep its stimulus program intact for the time being, as expected, though it also nodded to a weaker economic growth outlook.
MEXICO CITY, Oct 30- Thousands of people were evacuated in western Mexico on Wednesday morning after thieves tapping a pipeline run by state oil monopoly Pemex caused a major gasoline leak.
NEW YORK, Oct 30- A federal judge has made it easier for the trustee seeking money for Bernard Madoff's victims to pursue more than $8 billion of claims against banks and other financial firms that received money from "feeder funds" that profited from the swindler's massive Ponzi scheme.
Google Inc boasts 1 gigabit/second speeds on a fiber network it built in Kansas City. Sprint, 80 percent owned by Japan's SoftBank Corp, plans to use the latest technology and airwaves from its buyout of Clearwire Corp to boost its network capacity. The first markets with limited availability are New York, Los Angeles, Chicago, Tampa and Miami.
NEW YORK, Oct 30- Institutional investors who met with Twitter Inc this week say they are optimistic about its initial public offering and see little sign of the irrational exuberance that preceded Facebook Inc's splashy coming-out party in 2012..
WASHINGTON, Oct 30- The Federal Reserve extended its support for a slowing U.S. economy on Wednesday, saying it will keep buying $85 billion in bonds per month for the time being.
*Experimental drug mimics GLP-1 and GIP hormones. LONDON, Oct 30- An experimental drug that mimics the effects of two naturally occurring hormones appears to work significantly better than existing single-hormone medicines against diabetes and obesity, scientists said on Wednesday.
NEW YORK, Oct 30- Twitter Inc was sued for $124 million on Wednesday by two companies claiming the social media darling fraudulently had them organize a private sale of its shares to stoke investor interest for an initial public offering then canceled it.
*Europe loss narrows, sales in region rise for first time in 2 yrs. Like its smaller U.S. rival, Ford Motor Co, GM also offered a more optimistic picture of Europe, where the company's revenue rose for the first time in two years.
WASHINGTON, Oct 30- The U.S. government's top health official on Wednesday called the rollout of the website that is central to President Barack Obama's signature insurance reform a "debacle" but blamed insurers for cancelling the health plans of hundreds of thousands of Americans.
NEW YORK, Oct 30- When Campbell Soup Co was losing market share to private label brands and smaller competitors in recent years, it could have used another pop superstar like Andy Warhol to try to make its brand hip again, especially with 20- somethings. Investors have embraced the initiatives, pushing Campbell stock up more than 30 percent in the last two years.
LONDON, Oct 30- Copper rose to its highest level in a week on Wednesday, boosted by expectations the U.S. Benchmark copper on the London Metal Exchange ended up more than 1 percent at $7,298 a tonne, from a close of $7,200 on Tuesday, but off a peak of $7,299.50 a tonne hit earlier, its highest since Oct. 23.
*Volkswagen and Orkla rise after earnings and sales figures. LONDON, Oct 30- Pan-European equities settled near 5- year highs on Wednesday, supported by robust trading updates from carmaker Volkswagen and Norwegian conglomerate Orkla, among others.
NEW YORK, Oct 30- Boeing Co has decided to place a significant amount of design work for its coming 777 X jetliner in cities outside the Seattle area, where the current 777 was designed and is being built, according to an internal memo reviewed by Reuters and confirmed by Boeing on Wednesday.
SANTIAGO, Oct 30- The majority of Chilean union workers at Barrick Gold Corp's suspended Pascua-Lama gold mine have voted to strike, which they say could delay the reactivation of the controversial project, according to a union statement on Wednesday.
WASHINGTON, Oct 30- The U.S. derivatives regulator on Wednesday approved a plan to better protect customers of futures brokers after the collapse of MF Global left clients struggling to get their cash back.
*Brazil main market where switching happening. LONDON, Oct 30- Coffee drinkers in Brazil, America, Eastern Europe and the Middle East are expected to down more arabica beans in their brew in the coming year as cheap prices attract additional demand for the higher spec product.