France has a special responsibility as a euro zone heavyweight to take deficit cuts seriously, even though its budget deficit is above target, Bundesbank chief Jens Weidmann said in an interview published Sunday.» Read More
NEW YORK, Oct 26- U.S. Analysts said the data could not only shed light on the nascent labor market recovery but also influence an increasingly tight election between Republican Mitt Romney and Democrat Barack Obama.
NEW YORK, Oct 26- U.S. stocks finished flat on Friday, recovering from moderate declines as bargain hunters lifted Apple off its lows and bought other stocks recently battered by disappointing results.
GENEVA/ PARIS, Oct 26- Switzerland's Maus Freres Group has agreed to buy an additional 30.3 percent stake in Lacoste SA, on top of the 35 percent it already holds and valuing the classic French sportswear maker at between 1.0 billion and 1.25 billion euros.
*JPMorgan, Raine Group hired to assess options-source. LOS ANGELES, Oct 26- Current TV, the liberal cable news channel started by former Vice President Al Gore, has hired JP Morgan and The Raine Group to assess strategic options that may include a sale or strategic partnership with another media company, according to a person with knowledge of the operation.
NEW YORK, Oct 26- A Republican win in the US presidential election on November 6 may not be as bullish for financial markets as many believe if the latest equity and rates moves are anything to go by. Romney had consistently trailed about seven percentage points in the Reuters/ Ipsos daily tracking poll of the popular vote but now leads Barack Obama by one point.
NASSAU, Oct 26- Hurricane Sandy, a late-season Atlantic storm unlike anything seen in more than two decades, slogged slowly toward the U.S. East Coast on Friday after killing at least 41 people as it cut across the Caribbean.
CHICAGO, Oct 26- U.S. soybeans slipped for a second straight day on Friday on signs of waning U.S. exports and improving crop weather prospects in South America that could lead to bumper output in Brazil and Argentina.
Arabica coffee led the losses with a fall of 2 percent in New York, hit by a combination of weak demand, a huge, looming Brazilian crop and technical selling.
WASHINGTON-- Staffers at a pharmacy linked to the deadly meningitis outbreak documented dozens of cases of mold and bacteria growing in rooms that were supposed to be sterile, according to federal health inspectors.
Oct 26- Low interest rates are turning out to be a big boon for Moody's Corp.. Moody's reported a 41 percent jump in quarterly profit on Friday and raised its full-year earnings forecast for the second time in six weeks on a wave of new debt issues, many from corporations looking to cut their interest expense.
*Wall St little changed in volatile session; Apple trades flat. Although data showed a pick-up in U.S. economic growth in the third quarter, gloomy earnings and outlook statements from major global companies such as Apple and Amazon, South Korea's Samsung and Renault and Ericsson in Europe corroded hopes of a recovery in the global economy.
Oct 26- The U.S. Food and Drug Administration said on Friday it found ``greenish black foreign matter'' and other contaminants in an injectable steroid produced by the New England Compounding Center, the pharmacy at the heart of a deadly U.S. meningitis outbreak.
Mexico will host finance ministers and central bankers from the bloc of advanced and developing countries next weekend at a meeting that is expected to focus heavily on Europe's ongoing debt crisis, with Spain tipped as the next country to seek aid.
NEW YORK-- Moody's Investors Service warned Friday that it could downgrade its debt ratings on the U.S. subsidiaries of two Canadian banks, Toronto-Dominion Bank and Bank of Montreal, after the parent companies' ratings were placed on review.
NEW YORK, Oct 26- The euro traded flat against the dollar on Friday after three straight days of losses, though concerns whether Spain will ask for a bailout and worries about Greece were expected to weigh on the currency.
BOSTON, Oct 26- Citigroup fired top Internet analyst Mark Mahaney and paid a $2 million fine to a Massachusetts regulator to settle charges that the bank improperly disclosed research on Facebook's IPO and information on other tech companies.
NEW YORK-- Standard& Poor's Ratings Services on Friday upgraded its outlook on Lions Gate Entertainment Corp. given the strength of the television and movie company's recent films.
NEW YORK-- Canadian National Railway Co. said Friday that it plans to buy back up to 5.8 million of its shares under private agreements with a third-party seller, whom it did not identify. Canadian National said it will buy back the shares at a discount to its price on the Toronto Stock Exchange. Canadian's U.S.-traded shares fell 32 cents to close at $86.71.
BOSTON, Oct 26- Massachusetts' top securities regulator said on Friday that his office is looking into whether top Wall Street investment banks in addition to Citigroup have leaked research in violation of state law on how to share this kind of information.
*Earnings of $1.32/ share before items beat $1.12 estimate. Oct 26- Rockwell Collins Inc reported lower quarterly earnings on Friday as weaker government sales overshadowed stronger commercial revenue, and said it could cut 5 percent of its workforce as its defense operations face U.S. budget challenges. Rockwell Collins has 20,000 employees.