The Hang Seng index fell 3.2 percent, its largest drop since May 16, 2012, to 25,236.28. Hong Kong tracks global and regional markets, nearly all of which saw heavy selling after Greeks voted to reject conditions of a rescue package. Stocks in Hong Kong fell across the board, with the Growth Enterprise Market slumping over 14 percent.» Read More
PITTSBURGH-- Federated Investors Inc. said Thursday its third-quarter net income jumped as demand for stock investments remained brisk. Federated reported its net income rose to $55.8 million, or 54 cents per share, in the July-September quarter, up 46 percent from $38.3 million, or 37 cents per share, in the third quarter of 2011..
*Large number of Brazil mills still open for crushing. NEW YORK/ LONDON, Oct 25- ICE raw sugar futures inched lower on Thursday, hovering above a three-week low on pressure from fast progress in Brazil's harvest and surplus supplies, while cocoa was mixed as dealers focused on the narrow ICE March/December spread.
SEATTLE-- An 87- year-old Seattle real-estate developer and his wife now face dozens of charges, one day after they were arrested in the French Alps. The U.S. attorney's office in Seattle said Thursday that a 43- count grand jury indictment accuses Michael Mastro and his wife, Linda, of concealing a bank account of more than $760,000 from his creditors.
*Ford to move Southampton production to Turkey. LONDON/ DETROIT, Oct 25- Ford motor Co unleashed a second volley of European job cuts and plant closures on Thursday in a bid to halt regional losses that the automaker now expects to surpass $3 billion over two years.
Oct 25- General Motors Co said it will invest $450 million to expand production in Argentina and launch a new Chevrolet model in late 2015.. The new Chevrolet, which is slated to go into production at GM's Rosario plant in October 2015, will be sold in Argentina and exported to other markets in the region.
NEW YORK, Oct 25- Shares on major world markets edged up on mildly positive corporate earnings and economic data on Thursday, while the U.S. dollar rallied to a four-month high against the yen on expectations Bank of Japan will ease monetary policy next week. after the S&P500 index lost 3.6 percent in the past five days, but corporate results were not strong enough to inspire significant buying.
RIO DE JANEIRO, Oct 25- Brazilian mining company Vale SA plans to sell underperforming assets to control costs and boost profit, executives said on Thursday, a day after reporting weak earnings and halting work on a giant iron ore mine in the West African nation of Guinea.
*Q3 FF0 $1.99/ share vs Street view $1.92. Oct 25- Simon Property Group Inc reported a 19 percent increase in a key earnings measure Thursday on higher rents and sales at its malls and outlet centers, easily beating estimates, and the real estate investment trust raised its outlook for the year.
NEW YORK, Oct 25- Industrial machinery maker Gardner Denver Inc is exploring a sale and has drawn initial interest from several major private equity firms, according to people familiar with the matter, in a deal that would top $3 billion.
NEW YORK, Oct 25- A panel of judges explored the ramifications Thursday of a potential reversal of hedge fund tycoon Raj Rajaratnam's conviction as they heard arguments on whether FBI wiretap evidence should have been allowed at his insider-trading trial.
PARIS, Oct 25- France's prosecutor has asked an investigating judge to question jailed swindler Bernard Madoff and Swiss bank UBS as part of a probe of investor losses from Madoff's multibillion-dollar Ponzi scheme, a judicial source told Reuters.
GENEVA, Oct 25- Nigerian oil exports in December are expected reach the highest level since May, pointing to a swift recovery of production after floods knocked out a fifth of the output in the top African producer.
NEW YORK, Oct 25- Brent crude futures edged higher on Thursday after seven straight sessions of losses, as the threat of Hurricane Sandy to East Coast gasoline and heating oil supplies lifted markets.
SAO PAULO, Oct 25- Brazil's banking sector will undergo profound changes over the next two years as government efforts to keep interest rates at record lows translate into lower credit costs and more competition, the head of the nation's largest foreign lender said on Thursday.
*At least three storm-related deaths in Jamaica, Haiti and Cuba. HAVANA, Oct 25- Hurricane Sandy swelled into a serious threat to much of the U.S. East Coast on Thursday after hammering Cuba's second-largest city and taking aim at the Bahamas, U.S. forecasters said.
Oct 25- United Continental Holdings Inc, the world's biggest airline, missed Wall Street estimates for third-quarter profit as revenue fell and expenses rose, sending its shares down nearly 4 percent on Thursday.
WASHINGTON, Oct 25- Two influential U.S. senators on Thursday urged regulators to resolve any differences and finish writing a controversial ban on proprietary trading known as the Volcker rule.
BIRMINGHAM, Ala.-- Hospital operator HealthSouth Corp. reported a smaller third-quarter profit Thursday as expenses increased, though company results still beat Wall Street expectations. HealthSouth said revenue increased 7.9 percent to $537 million as the company treated 4.2 percent more patients in the quarter.
*Dow up 0.1 pct, S&P 500 up 0.2 pct, Nasdaq up 0.2 pct. NEW YORK, Oct 25- Wall Street rose modestly on Thursday after the S&P 500' s worst five-day stretch since May, but economic figures and corporate results were not strong enough to inspire heavy buying.
FLAGSTAFF, Ariz.-- Months after the federal Indian Health Service said it was finalizing a policy that would make emergency contraception more accessible to American Indian women, advocates say they're still waiting.