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  • GENEVA/ WASHINGTON, Oct 20- The United States faces potential trade sanctions from Canada and Mexico after the World Trade Organization ruled on Monday it had failed to bring its meat labeling laws fully into line with international fair trading rules. The WTO said the United States had not done enough to change its labeling laws, requiring retailers such as...

  • Valeant may raise Allergan bid; beats on profit Monday, 20 Oct 2014 | 12:58 PM ET
    A drop of Allergan Inc. Botox is seen on the tip of a needle before being administered by Dr. Keith A. Marcus to a patient at the offices of Marcus Facial Plastic Surgery in Redondo Beach, California, U.S., on Tuesday, April 22, 2014.

    Valeant Pharmaceuticals said it may raise its bid for Allergan after posting a better-than-expected quarterly profit.

  • Zalkind and Williams, who have a combined experience of more than 20 years in the securities industry, joined Morgan Stanley on Oct. 14 from JPMorgan Chase& Co.. Morgan Stanley also said Robert Phelps had joined its Downtown Louisville, Kentucky office on Oct. 17 from UBS, while Thomas Forma and Kevin Nichols joined its West Hartford, Connecticut office from...

  • *OPEC ministers to meet in Vienna on Nov. 27. CALGARY, Alberta, Oct 20- Brent crude resumed its decline on Monday, dropping below $86 a barrel as nagging concerns about abundant supply and sluggish demand pushed the global oil benchmark back down toward a four-year low hit last week. Oil prices are down more than 25 percent since June on concern about a saturated...

  • LOS ANGELES, Oct 20- Is surging student debt really preventing an entire generation from becoming first-time homebuyers? Student loan debt "is having an impact, but it's on the margin," said Mark Zandi, chief economist of Moody's Analytics. Even simple delayed adolescence might play a bigger part than debt, say researchers Jason Houle of Dartmouth College and...

  • Oct 20- Canadian telecommunications provider Mitel Networks Corp made public its about $540 million offer for smaller U.S. peer ShoreTel Inc.. Mitel's cash offer of $8.10 per share represents a 24 percent premium to ShoreTel stock's closing price on Friday. Sunnyvale, California- based ShoreTel's shares were up 18 percent at $7.76- below the offer price- in...

  • WASHINGTON, Oct 20- Islamic State militants were producing about $2 million worth of crude oil per day in Iraq and Syria before recent U.S.-led air strikes, possibly more than double the amount heard in U.S. congressional testimony last month, the research firm IHS said on Monday. "This fraction of pre-war capacity is the result of warfare, shut-ins and limited...

  • NEW YORK, Oct 20- Corporate America's cash stockpile increased to a record $1.65 trillion in mid-2014 from $1.64 trillion at the end of 2013, although the pace of growth has slowed sharply, Moody's Investors Service said on Monday. "U.S. corporate cash balances continue to grow on the back of modest economic expansion," Richard Lane, Moody's senior vice president,...

  • WASHINGTON, Oct 20- Wall Street's top trade group is calling for the creation of a new inter-agency working group of regulators and the White House that would be tasked with developing consistent cybersecurity rules for the financial industry. The recommendation by the Securities Industry and Financial Markets Association was one of several unveiled on...

  • *Portugal Telecom drops as Rioforte set for liquidation. *Nutreco, Adidas, Havas surge on M&A activity. EDINBURGH, Oct 20- European stocks fell on Monday, trimming gains made in the previous session, as a profit warning by SAP hit technology shares.

  • NEW YORK/ LONDON, Oct 20- Gold rose on Monday, set to snap two straight losing sessions, boosted by renewed physical demand related to Diwali, India's major bullion-buying event this week. "buying needs to pick up materially to overwhelm the gold-negative external drivers; in turn, we would continue to look for opportunities to short the rally," said Suki Cooper,...

  • Oct 20- Allergan Inc shareholder Paulson& Co is urging the Botox maker to merge with specialty pharmaceutical company Shire Plc as an alternative to a deal with hostile bidder Valeant Pharmaceuticals, according to two people familiar with the matter. The hedge fund told Allergan CEO David Pyott that it would support a deal with Shire, the sources said.

  • Luiz Inacio Lula da Silva, 68, is back on the campaign trail after a brief hiatus, hoping that a burst of his signature charisma and rapport with the poor will be enough to push his chosen successor, President Dilma Rousseff, to a re-election victory in a closely fought runoff vote on Sunday. Recent polls have shown Rousseff neck-and-neck with Aecio Neves of the...

  • LONDON, Oct 20- The Hong Kong stock exchange said it aimed to create a link to trade commodities with mainland China by adapting a share trading system with the Shanghai Stock Exchange that is on the cusp of going live. No firm date has been announced for the launch of the link between HKEx and the Shanghai exchange, but sources have told Reuters it is due to begin on...

  • Oct 20- Incentive programs at banks should reward not just bankers who increase revenues, but those who avoid losses and identify risks that could later hurt the institution, a top U.S. Federal Reserve official said on Monday. Federal Reserve Governor Daniel Tarullo said that progress has been made regarding proper bank compensation since the 2007-2009...

  • LONDON, Oct 20- Portuguese government bond yields jumped on Monday as financial concerns over one of the country's largest listed companies and the approaching bankruptcy of the Espirito Santo family shook investor confidence in the fragile peripheral economy. The liquidation of the assets of Espirito Santo holding company Rioforte virtually ensures...

  • Oct 20- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell nearly 7 percent. "We are disappointed in our performance," said Ginni Rometty, IBM chairman,...

  • *IBM slumps after quarterly results. NEW YORK, Oct 20- U.S. stocks were mixed on Monday, as the S&P 500 and Nasdaq advanced, but the Dow fell as quarterly results from IBM disappointed. IBM shares slumped 6.7 percent to $169.84 as the biggest drag on both the Dow and S&P 500 after the company's third-quarter earnings fell well short of Wall Street expectations.

  • CARACAS, Oct 20- Venezuelan President Nicolas Maduro's approval rating dropped to 30.2 percent in September from 35.4 percent in July, according to a survey by pollster Datanalisis, amid an ongoing economic crisis that has weighed on his popularity. The OPEC nation faces the highest annual inflation in the Western Hemisphere at 63.4 percent, chronic...

  • DALLAS, Oct 20- Weeks of worry about Ebola infection ended on Monday for several dozen people who came off watch lists in the United States, but 120 others were still being monitored for symptoms as the U.S. government ramped up its response to the virus. Forty-three people who had contact with Liberian Thomas Eric Duncan, the first person diagnosed with the...