India launches initiative to open millions of zero-balance bank accounts for the poor Alibaba discloses revenue growth is picking up again as Chinese company prepares for big IPO Global stocks muted ahead of US growth revision, Qantas surges on separation 3 moves health insurers can still make to help steer sick patients away from their plans Spain's Telefonica raises offer to Vivendi for Brazilian operator GVT to $9.82 bln German unemployment rate up slightly to 6.7 percent with 2.90 million jobless Qantas Airways posts $2.6 billion loss for year reflecting fleet write downs and competition 10 things to know about corporate inversions SEC requires sellers of loan-backed securities to give details on borrowers' risk Dominican Republic lawmakers back park in area where Canadian company seeks to mine» Read More
TOKYO-- Japan's crippled nuclear power plant is struggling to find space to store tens of thousands of tons of highly contaminated water used to cool the broken reactors, the manager of the water treatment team said.
HONG KONG, Oct 25- ZTE Corp, the world's fourth-biggest maker of mobile phones and fifth-ranked telecommunications equipment manufacturer, reported a net loss of 1.95 billion yuan for July-September, its first quarterly loss on record, as margins thinned, overseas projects were delayed and it made accounting changes at home in China.
THE BUY: Prescription drug distributor McKesson Corp. said Thursday it will buy PSS World Medical Inc., a medical supply distributor, for $1.46 billion, or $34 per share. THE PRICE: McKesson valued the deal at $2.1 billion including debt.
DALLAS-- Two business associates of former Dallas Cowboys linebacker Eugene Lockhart Jr. have been sentenced to prison in a $20 million mortgage scam. A federal judge in Dallas on Wednesday sentenced William Randolph Tisdale Jr. to 10 years for conspiracy to commit wire fraud and bank fraud.
BANGKOK-- Her dream was to look less Thai and more like Jennifer Lopez, so the 25- year-old street food vendor went to the Internet and typed in "cheap Botox." That was the start of a five-year makeover for Ratphila Chairungkit that included two nose jobs, two eye-widening surgeries, chin augmentation, lip trimming, skin whitening and dozens of Botox-type injections.
WASHINGTON-- U.S. companies remained cautious in September and held back on orders for long-lasting manufactured goods that signal investment plans. The Commerce Department said Thursday that orders for durable goods jumped 9.9 a percent last month.
PORTLAND, Ore.-- Precision Castparts Corp. said Thursday its fiscal second-quarter net income rose 13 percent on demand for commercial airplane parts and the benefit of recent acquisitions. The company earned $332.7 million, or $2.29 per share, compared with $294.7 million, or $2.07 per share, a year earlier.
SEOUL, South Korea-- It's almost a rite of South Korean politics: As a president's single five-year term nears its end, a feeding frenzy of aggressive corruption allegations begins. On Thursday, special prosecutors summoned Lee's son, Lee Si- hyung, for questioning over a now scrapped deal to buy land for Lee's retirement home. Lee Si- hyung bought part of the land.
The latest numbers show that young adults 25-29 are the primary out-of-state movers; they had the biggest gain in 13 years as they struck out on their own to test the job market in urban, high-tech meccas such as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.
Royal Dutch Shell plc, Europe's largest oil company, is expanding its substantial presence in the North Sea with a $525 million purchase of stakes in oil fields there from Hess Corp.. The fields are operated by a separate company, Apache Corp.. Hess, which is based in New York, has sold off $2.4 billion worth of assets this year.
BEIJING-- Police in a heavily Tibetan region of far west China are offering tipsters a reward of $7,700 for information about planned self-immolations in a bid to stem a tide of fiery protests against Chinese rule.
INDIANAPOLIS-- Shopping mall operator Simon Property Group said Thursday that a key measure of profitability rose in its third quarter as rents increased and occupancy improved. Simon Property Group Inc.' s funds from operations, or FFO, rose to $720.1 million, or $1.99 per share, from $606.2 million, or $1.71 per share, a year earlier.
TRENTON, N.J.-- The Christie administration believes it has made it easier for New Jersey homeowners facing foreclosure to qualify for federal aid, but those on the front lines say problems remain.
Japan's Coast Guard said the four Chinese surveillance ships were spotted within a 22- kilometer zone that Tokyo considers its territorial waters near one of the disputed islands in the East China Sea early Thursday morning. Japan's Foreign Ministry lodged a strong protest with China's ambassador in Tokyo.
*Macau gaming sector strong after positive Wynn, Galaxy Q3 earnings. HONG KONG, Oct 25- Hong Kong shares eked out a tenth straight gain on Thursday, but a rally that has taken the Hang Seng Index to 2012 highs showed signs of fatigue as investors took profits on outperformers.
LONDON, Oct 25- Britain rebounded strongly from recession in the third quarter, posting its strongest quarterly GDP growth in five years, boosted at least in part by robust Olympics spending, official data showed on Thursday. But it was still much better than expected and may mean Britain's full 2012 economy will not be in the red.
NEW YORK-- Stock futures edged higher Thursday with some positive numbers coming out of the manufacturing sector and potentially more evidence of an improving jobs picture. The report from the Commerce Department on orders for long-lasting U.S. manufactured goods shows a surge in September, the largest in nearly three years.
WASHINGTON-- U.S. orders for long-lasting U.S. manufactured goods surged in September, buoyed by a jump in volatile aircraft orders that offset another weak month of business investment. The Commerce Department said Thursday that orders for durable goods jumped 9.9 a percent last month.
*Yuan surges to new all time record high. *Closes at strong-side limit of daily trading band. SHANGHAI, Oct 25- China's yuan closed at a record high on Thursday after hitting the strong-side limit of the central bank's daily trading band as a result of heavy demand as firms unwound long dollar positions built up in the first half of the year.