US economy grew at brisk 4.2 pct. rate in Q2 Survey: Americans' pessimism on economy has grown Ukraine fears weigh on stocks in morning trading US bank earnings up 5.2 pct in 2 Q Workers cheer restored Market Basket CEO French leader banks on free market to save economy Applications for US unemployment aid slip to 298 K Contracts to buy US homes rise in hopeful sign Abercrombie beats Street 2 Q forecasts India urges millions of poor to open bank accounts» Read More
March 10- Minerals Technologies Inc said on Monday it would buy Amcol International Corp, which produces a type of clay used in everything from cosmetics to oil drilling, for about $1.7 billion as Imerys SA bowed out of a month-long bidding war.
WASHINGTON, March 9- Central bank efforts to become more predictable on future interest rate moves have smoothed out short-term upsets in financial markets but could also lead to excessive risk-taking, research from the Bank for International Settlements said on Sunday.
*Euro's rise towards $1.45 may push ECB to change stance. LONDON, March 10- The European Central Bank's decision to leave monetary policy unchanged, and its seemingly relaxed attitude to the impact of a strong euro on deflation, may have put the single currency on course to reach its highest levels in nearly three years.
BULGARIAN ENERGY MIN SAYS SOUTH STREAM PIPELINE SHOULD BE BUILT, HAS A "SUBSTANTIAL SIGNIFICANCE" FOR ENERGY SUPPLIES.
"We encourage eligible parties to take advantage of the favorable terms we are offering under this initiative," Andrew Ceresney, director of the Securities and Exchange Commission's Enforcement Division, said in a statement.
WASHINGTON, March 10- The Obama administration on Monday told members of Congress that it will not finalize controversial changes to the Medicare Part D prescription drug benefits program "at this time," following weeks of growing opposition to the proposals from a broad coalition of interests.
BERLIN, March 10- Initial inspections of Bangladesh garment factories organised after the collapse of the Rana Plaza complex have found safety problems including overloaded ceilings, exposed cables and locked fire escapes, an industry-backed group said on Monday.
ADMINISTRATION SAYS IT WILL SEEK FURTHER STAKEHOLDER INPUT ON MEDICARE PART D BEFORE ADVANCING SOME OR ALL CHANGES "IN FUTURE YEARS".
US ADMINISTRATION TELLS CONGRESS IN LETTER THAT IT DOES NOT PLAN TO FINALIZE CONTROVERSIAL CHANGES TO MEDICARE PART D PROGRAM GIVEN "THE COMPLEXITIES OF THESE ISSUES".
China's exports unexpectedly tumbled in February, falling 18.1 percent from a year earlier and swinging the trade balance into deficit. The data underscored recent concerns about the outlook for China's economy, even though the Lunar New Year holidays were blamed for the slide.
TRIPOLI, March 10- Libyan navy and allied militia forces have surrounded a North Korea- flagged tanker just outside an eastern port held by rebels, a navy spokesman said on Monday. The Morning Glory has loaded crude oil worth $30 million at the Es Sider port, bypassing Tripoli authorities, despite a government threat to bomb it should it sail away.
OTTAWA, March 10- The separatist Parti Quebecois is no longer in the lead in Quebec's provincial election campaign, though it would likely win the most seats in the April 7 vote if current support holds, according to a recent poll.
RIO DE JANEIRO/ LONDON, March 10- Emerging stocks fell over 1 percent on Monday after poor Chinese export data re-ignited global concerns of a slowdown in the world's No. 2 economy and pushed Chinese shares to a five-year closing low.
*$40 bln contract is one of largest in Middle East. DUBAI/ CAIRO, March 10- A $40 billion deal for Dubai firm Arabtec to build one million homes in Egypt may mark the start of politically-inspired Gulf investment in the country's creaking infrastructure, from housing to transport, power generation and agriculture.
NEW YORK, March 10- U.S. oil fell by more than $1 per barrel on Monday, pressured by an unexpected fall in China's exports that stoked fears of a slowdown in the world's second largest economy. Data from the IntercontinentalExchange showed the same managers raised their bullish Brent positions to their highest since October.
Gox, once the world's largest bitcoin exchange, filed for U.S. bankruptcy protection in Dallas late Sunday, a move that will temporarily halt U.S. legal action against the Japanese company.
*FTSEurofirst 300 down 0.5, Germany's DAX down 0.9 pct. LONDON, March 10- European shares fell for the second session running on Monday, hit by tensions between Russia and Ukraine and weak economic data from the world's second-largest economy, China.
DETROIT, March 10- General Motors Co said on Monday that the team conducting a probe of the company's handling of an ignition switch recall linked to 13 deaths includes attorneys from both inside and outside the No. 1 U.S. automaker.
*Iron ore stocks in China swell to record 105 mln tonnes. SINGAPORE, March 10- Chinese steel futures hit record lows and spot iron ore prices posted the biggest one-day fall in over four years on Monday after China's trade balance swung into deficit and amplified fears of a slowdown in the world's No. 2 economy.
*Countries grapple for deal to prevent embarrassing delay. BRUSSELS, March 10- European governments and lawmakers will try to reach a deal this week on how to wind down failing banks, clearing the way for a landmark reform as time runs out to win European Parliament approval before May elections.