By Leika Kihara and Stanley White. While the Bank of Japan is in no mood to expand monetary stimulus any time soon, the data will keep it under pressure to act if the economy fails to gather momentum after contracting in the April-June quarter, analysts say.» Read More
NEW YORK, Nov 2- U.S. stocks extended losses, driving the Dow and the Nasdaq down 1 percent late in the session on Friday, with oil shares leading the Dow's decline. The Dow Jones industrial average fell 134.70 points, or 1.02 percent, to 13,097.92. The Nasdaq Composite Index dropped 31.99 points, or 1.06 percent, to 2,988.07.
*Sale is for $500 million, person close to the deal says. Nov 2- Warren Buffett's Berkshire Hathaway Inc said it would buy Oriental Trading Co, a toy and party supplies company that is partially owned by private equity firm KKR& Co LP, for an undisclosed sum.
WASHINGTON, Nov 2- The United States is posed to slap steep anti-dumping duties on Russian hot-rolled steel in early December if the two sides cannot work out a new agreement in the coming weeks, U.S. industry and government sources said on Friday.
Nov 2- Bank of America Corp could already be above capital requirements issued on Thursday by global regulators, the bank's chief financial officer said. If the bank's models were approved, Bank of America would be in ``excess'' of the FSB's guidelines, CFO Bruce Thompson said Friday at an investor conference.
U.S. stock funds attracted $1.06 billion in inflows in the week ended Oct. 31, the first batch of new money for the funds since raking in $7.51 billion in the week following the Federal Reserve's announcement that it would buy $40 billion in mortgage-backed securities per month until the job market improves, the fund-tracking firm said.
*Apple shares hit three-month low. NEW YORK/ SAN FRANCISCO, Nov 2- Apple Inc's iPad mini hit stores around the world on Friday, attracting sparser crowds than previous Apple launches, but the kickoff still drew hundreds of New Yorkers only days after one of the biggest storms to hit the United States.
SALT LAKE CITY, Nov 2- The U.S. ``Unemployment is, and should be, a central focus of monetary policy right now,'' San Francisco Fed President John Williams told a group of community leaders here. ``We have substantial scope to use monetary policy to stimulate the economy without creating too much upward pressure on prices.''.
The Labor Department's report that job growth in October exceeded the most optimistic forecasts weighed on 30- year bonds. ``If the economy is improving, the bond market reads into that that we could have a little more inflation, and that adversely affects long-term bonds more than short-term Treasuries,'' said Jeffrey Cleveland, senior economist at Payden& Rygel, in Los Angeles.
SAN JUAN, Puerto Rico-- Construction has started in Puerto Rico on what will soon be the Caribbean's largest solar energy park. The $265 million project is being built in southern Puerto Rico and is expected to generate enough electricity to power more than 13,000 homes in the U.S. territory.
WASHINGTON, Nov 2- Shippers that take advantage of a temporary Jones Act waiver allowing foreign flagged vessels in the Gulf of Mexico to bring oil products to the U.S.
Nov 2- Ameridose LLC, sister company to the pharmacy at the heart of a meningitis outbreak in the United States, has agreed to extend its closure by two weeks while state and federal investigators continue to examine its facilities.
WASHINGTON- U.S. employers stepped up hiring in October and a small increase in the jobless rate was due to more workers restarting their job hunts, a hopeful sign for a lackluster economy that has been a drag on President Barack Obama's re-election bid ( USA- ECONOMY/JOBS, moved, 900 words).
SAN FRANCISCO, Nov 2- Twitter users flocked to the micro-messaging network this week as Hurricane Sandy swept through the eastern U.S. seaboard, sending more than 20 million tweets about the storm between Saturday and Thursday, the company said.
SAN FRANCISCO, Nov 2- Two weeks before a high-stakes trial pitting Google's Motorola Mobility unit against Microsoft, Google made what has become a common request for a technology company fighting for billions of dollars: A public court proceeding, conducted largely in secret.
SALT LAKE CITY, Nov 2- The U.S. ``Unemployment is, and should be, a central focus of monetary policy right now,'' San Francisco Fed President John Williams said in remarks prepared for delivery to a group of community leaders here. ``We have substantial scope to use monetary policy to stimulate the economy without creating too much upward pressure on prices.''.
WASHINGTON-- Federal regulators are recommending that airlines inspect certain seats after similar ones came loose on recent American Airlines flights. The Federal Aviation Administration on Friday recommended that operators examine 11 types of seats made by Weber Aircraft LLC because they may be installed incorrectly.
*Traffic on Manhattan bridges, tunnels down 48 pct vs normal. NEW YORK, Nov 2- The lines of New York area motorists scrambling for gasoline lengthened on Friday, as a third day of ``panic buying'' intensified even as pipelines and oil tankers resumed limited shipments. Two New Jersey refineries were still shut, with reports of severe damage at one.
*Waiver lasts through Nov. 13. WASHINGTON, Nov 2- The U.S. government issued a rare waiver on Friday allowing foreign tankers from the Gulf of Mexico to supply the Northeast with fuel after Hurricane Sandy, but the extent of relief was uncertain since some ports in the region still lack power.
*Third-quarter adjusted earnings $0.44, beat estimates by 5 cents. The maker of specialty components for energy, transportation and manufacturing said it had earned $73.0 million, or 78 cents per share, in the third quarter, compared with $108.5 million, or $1.17 per share, a year earlier.