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  • NEW YORK, Oct 23- Some very big investors are betting on an upswing in two problematic parts of the world right now, Europe and Japan, their confidence bolstered by the brisk money-printing from central banks in both regions. Standard Life Investments, Goldman Sachs Asset Management, and Seven Investment Management are among those who believe in the potential...

  • Oct 23- Shares of Build-a-Bear Workshop Inc and Jakks Pacific Inc jumped after the struggling toy retailers forecast strong holiday sales, indicating that a bumper fourth quarter could go a long way in lifting the companies' sagging fortunes. Jakks Pacific's shares touched a five-month high of $8.99. Based on strong demand for Frozen Snow Glow Elsa doll and...

  • FOREX-Risk-on trade pulls dollar higher Thursday, 23 Oct 2014 | 11:42 AM ET

    *U.S. leading economic indicators better than expected. *German and eurozone flash PMIs beat expectations. NEW YORK, Oct 23- The dollar rallied on Thursday as investors plowed cash back into riskier asset classes, with an underpinning of promising data from the United States and better-than-expected manufacturing data in Europe and China.

  • FORT LAUDERDALE, Fla., Oct 23- A key witness in the federal tax evasion trial of a top Swiss bank executive took the stand on Thursday to testify against his former boss, Raoul Weil, who is accused of conspiring to conceal up to $20 billion in U.S. taxpayers' assets in secret offshore accounts. The former head of the wealth management division for the Americas at UBS,...

  • Oct 23- Diverse U.S. manufacturer 3 M Co posted a 5.8 percent rise in quarterly profit on Thursday that topped estimates, driven by a jump in U.S. sales and cost controls as well as strong pricing that helped boost margins. Shares of 3 M, a Dow Jones industrial average component, rose 6.2 percent. 3 M, a maker of adhesives, abrasives and other products for a variety of...

  • Atlantic Copper, a subsidiary of mining firm Freeport-McMoRan Inc, expects to produce 284,000 tonnes of copper cathodes, up from 226,000 tonnes in 2013, when it cut production by 17.5 percent due partly to a maintenance shutdown at its facility in Huelva, Spain. "While there are new mines coming on stream, there is also new smelter capacity being built in China,"...

  • *Industrial shares rally on 3 M, Caterpillar results. NEW YORK, Oct 23- U.S. stocks surged on Thursday, with major indexes up more than 1 percent in a broad rally as strong results, including from two Dow components, reassured investors that corporations continue to fare well despite concerns about global economic growth. After a four-week string of declines, the S&P...

  • Oct 23- Dunkin' Brands Group Inc on Thursday warned that this year's sales at established U.S. Dunkin' Donuts coffee shops will be weaker than forecast as more chains try to take a bite out of the fast-food breakfast business. Shares in the company, which reaps roughly three-quarters of total revenue from its U.S. Dunkin' Donuts business, dropped 3.5 percent to...

  • Under Armour shares fall as sales growth slows Thursday, 23 Oct 2014 | 11:07 AM ET
    Under Armour

    Sports apparel maker Under Armour reported slowing quarterly growth in its apparel business, sending its shares down about 6 percent in early trading.

  • DUBAI, Oct 23- Saudi Arabia supplied less crude oil to the market in September than a month earlier, an industry source said on Thursday, at a time when some OPEC members are calling on the top oil exporter to cut back output to lift prices. Crude supplies from the OPEC heavyweight fell by some 328,000 barrels per day, to 9.36 million bpd in September, from 9.688 million...

  • Zuckerberg speaks Chinese, Beijing students cheer Thursday, 23 Oct 2014 | 11:02 AM ET
    Facebook co-founder Mark Zuckerberg speaks during a dialogue with students as a newly appointed member to the advisory board for Tsinghua University School of Economics and Management in Beijing, Oct. 22, 2014.

    China may ban Facebook, but not its co-founder Mark Zuckerberg. He delighted an audience of students in Beijing recently by chatting in Mandarin.

  • HELSINKI, Oct 23- Nokia delivered quarterly profits well above expectations on Thursday, six months after selling its struggling handset business to Microsoft in a 5.6 billion euros deal that transformed it into a pure play network equipment maker. The Finnish company reported strong earnings from its core network gear unit and lifted the outlook for the...

  • INSIGHT-Mario Draghi's German problem Thursday, 23 Oct 2014 | 11:01 AM ET

    *Berlin criticism of ECB course reaches new heights. BERLIN/ FRANKFURT/ PARIS, Oct 23- In early October, European Central Bank board member Benoit Coeure paid a discreet visit to the Chancellery in Berlin to express concerns about rising criticism of the bank from German politicians. The Frenchman, one of ECB President Mario Draghi's closest allies in Frankfurt,...

  • BUENOS AIRES, Oct 23- Persistent government intervention in Argentina's stagnating economy means oil and gas firms will remain cautious even if Congress backs a proposed law offering sweeteners to attract new investments worth tens of billions of dollars. Argentina needs to ramp up production from its vast but barely tapped Vaca Muerta shale oil and gas...

  • *Dubai's retail investors return to the market. *Dana Gas jumps after collecting some cash in Egypt, Iraq. Dubai's index rose 0.6 percent on the back of lenders Emirates NBD and Dubai Islamic Bank, both of which reported strong profit growth and beat analysts' estimates on Wednesday.

  • Oct 23- PulteGroup Inc, the No.3 U.S. homebuilder, reported its smallest quarterly increase in home prices in almost two years, joining peers in suggesting that the steep rise in prices in the past couple of years has dampened demand. Shares of PulteGroup, which focuses on first-time home buyers, fell about 2.5 percent in early trading. "Builders are faced with...

  • Caterpillar Inc and 3 M Co, both Dow components, reassured investors that multinationals can deliver solid earnings despite concerns about global economic growth. Shares of Caterpillar, which raised its full-year earnings outlook, rose 4.9 percent, while 3 M shares jumped 5.7 percent. "If we're looking at headwinds like currency and slowing global growth,...

  • LONDON, Oct 23- British estate agent Foxtons warned profits would fall this year because of a marked slowdown in London's previously runaway property market, sending its shares tumbling by a fifth. Foxtons, which has become a symbol of the British capital's property boom, said sales volumes had fallen sharply and commissions were down in the third quarter.

  • UPDATE 1-Fewer customers drop Comcast cable subscriptions Thursday, 23 Oct 2014 | 10:33 AM ET

    NEW YORK, Oct 23- Comcast Corp reported higher quarterly revenue and income on Thursday as more people signed up for its high-speed Internet service and fewer customers dropped their cable subscriptions. Comcast said it added 315,000 net high-speed Internet subscribers, a 5.8 percent uptick over the same period. The decrease in cable subscriptions is a...

  • LONDON/ BEIJING/ NEW YORK, Oct 23- Euro zone businesses performed much better than forecasters expected this month and China's vast factory sector grew a shade faster, but U.S. manufacturing activity sputtered to its slowest since July, underscoring the uneven nature of the post-crisis global economy. The improvement in purchasing managers' surveys in Europe...