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  • CAIRO, Oct 18- The three main countries that share the Nile River's waters moved toward an agreement to study whether a planned $4 billion Ethiopian dam would disrupt flows to downstream countries, water ministers of Ethiopia, Sudan and Egypt said after talks on Friday. But while the countries continue talks, construction will proceed on the Renaissance Dam,...

  • Oct 17- Unable to reach a compromise with JPMorgan Chase& Co over the use of the term "smart" in relation to its lucrative retirement savings products, major life insurance provider MassMutual is taking the banking company to court. The insurer is asking for a declaration that it is not infringing on JPMorgan's trademark. JPMorgan first told MassMutual it was...

  • "We are now in a blackout period so companies have been precluded from conducting tactical buyback activity that has supported the equity market during sell-offs in the recent past," said Goldman Sachs in a note earlier this week. October has been particularly quiet for buybacks by U.S. companies, with about $1.7 billion in stock repurchases announced or...

  • Data analytics company Workiva files for IPO Friday, 17 Oct 2014 | 6:11 PM ET

    Morgan Stanley and Credit Suisse are among the major underwriters for the offering, the company said in a regulatory filing on Friday. The company had more than 2,100 enterprise customers as of Sept. 30, including JPMorgan Chase& Co, Philip Morris International, Boeing Co and Wal-Mart Stores Inc. The Ames, Iowa- based company's net loss widened to $28.4 million in...

  • Oct 17- A federal appeals court said it overturned a $15.4 million verdict against card payments company VeriFone Systems Inc because a lower court judge improperly interpreted the patents it had allegedly infringed. The U.S. Court of Appeals for the Federal Circuit on Friday said a jury in 2012 had wrongly concluded that VeriFone infringed the patents of...

  • MEXICO CITY/ MONTERREY Oct 17- Mexico's biggest retailer, Wal-Mart de Mexico, on Friday said Chief Executive Scot Rank would step down after five years and that the head of Wal-Mart Latin America would take on a bigger role in the Mexico and Central America business. The change in leadership comes almost two years after a New York Times investigation that alleged...

  • Samaras said Athens was talking with its lenders about what should happen if Greece succeeds in leaving its bailout programme by the end of December, a year ahead of schedule, as Greek officials hope. He sees one option as a credit line that Athens could tap post-bailout should it fall prey to future market turmoil. But the details of any such credit line have yet to...

  • New York, Oct 17- Suvretta Capital Management, founded by a former portfolio manager for billionaire investors George Soros and Steven A. Cohen, is generating net returns of 6 percent year-to-date, despite this week's stock market drop and wild gyrations, according to two sources familiar with the situation. The majority of flows into equity strategies over the...

  • Oct 17- Activist investor Elliott Advisors UK Ltd nominated seven candidates for election to Family Dollar Stores Inc's board as it looks to push for a sale of the dollar store operator to bigger rival Dollar General Corp.. Dollar General's offer is "clearly superior" to Dollar Tree Inc's bid, Elliott said in a letter to Family Dollar's board and Chief Executive...

  • Oct 17- City and state officials are negotiating with JPMorgan Chase& Co over a potential deal involving the bank building a vast $6.5 billion corporate campus with two high-rise towers in the new commercial district on the Far West Side of Manhattan, the New York Times reported. JPMorgan had initially sought, by one account, more than $1 billion in concessions...

  • Oct 17- Moody's Investors Service cut Russia's sovereign debt rating to' Baa2' from' Baa1', becoming the second ratings agency to cut the country's ratings this year, after S&P initiated a downgrade in April. Moody's said the prolonged crisis in Ukraine was weighing on Russia's medium-term growth prospects. "The military confrontation in Ukraine and escalating...

  • BOSTON, Oct 17- Taking a page from his last job, Eaton Vance's new Chief Equity Investment Officer bets that reorganizing his analysts into new teams will boost performance. Since joining the Boston company in April from Goldman Sachs, Edward Perkin has regrouped Eaton Vance's 27 stock analysts into teams meant to develop investment ideas that match the...

  • Oct 17- The bankrupt Trump Taj Mahal casino received court approval on Friday to break its labor agreement, a key condition for a rescue deal with billionaire Carl Icahn, and the union promptly announced a plan to picket the Atlantic City, New Jersey hotel. Parent company Trump Entertainment Resorts Inc has said trimming $14.6 million from its annual union...

  • At its current levels, natgas is about $1.50 a gallon cheaper than diesel fuel, according to the U.S. Energy Information Administration. The slower-than-expected adoption has forced key manufacturers, including General Electric Co and Caterpillar Inc, to focus on niche markets for their engines while they wait for higher-margin customers such as railways...

  • *GE, Honeywell climb after quarterly results. NEW YORK, Oct 17- U.S. stocks extended their rebound from this month's bruising selloff on Friday, giving the S&P 500 its best day in over a week, as worries about the U.S. earnings outlook eased, but the S&P 500 still posted its fourth straight week of declines. Honeywell shares gained 4.3 percent to $90.06 after results.

  • Honeywell International's aerospace revenue beat some analysts' forecasts, while the division's profit margins improved. "The aerospace segment is the place to be in industrial," said Charlie Smith, chief investment officer of Fort Pitt Capital, which holds Honeywell and GE shares. Friday's results could bode well for other diverse manufacturers with...

  • Moody's cuts Russia's rating to 'Baa2' from 'Baa1' Friday, 17 Oct 2014 | 4:48 PM ET

    Oct 17- Moody's Investors Service cut Russia's sovereign debt rating to' Baa2' from' Baa1', citing increasingly subdued medium-term growth prospects due to the prolonged Ukraine crisis. Moody's kept a negative outlook on Russia's rating. The military conflict in Ukraine and escalating sanctions against Russia are likely to further hurt Russia's investment...

  • Oct 17- Activist investor Elliott Advisors UK Ltd nominated seven candidates for election to Family Dollar Stores Inc's board as it looks to push for a sale of the dollar store operator to bigger rival Dollar General Corp.. Elliot holds a stake of about 4.9 percent in Family Dollar, the hedge fund said in a statement on Friday. Dollar General's offer was "clearly...

  • MEXICO CITY, Oct 17- Mexico's biggest retailer, Wal-Mart de Mexico, on Friday said third-quarter profit fell 8 percent, as costs rose and outpaced sales and said Chief Executive Officer Scot Rank was moving on to a different regional role. The company, known locally as Walmex, reported profit of 4.871 billion pesos for the period from July to September, down from...

  • NEW YORK, Oct 17- U.S. stocks climbed more than 1 percent on Friday, with the S&P 500 posting its biggest gain in over a week as earnings offset concerns about the impact of weak global demand on corporate America. The Dow Jones industrial average rose 263.1 points, or 1.63 percent, to 16,380.34, the S&P 500 gained 23.98 points, or 1.29 percent, to 1,886.74 and the Nasdaq...