SHANGHAI, Nov 24- China's yuan opened at 6.1280 per dollar on Monday, softening slightly from Friday's close after the central bank caught markets off-guard by cutting benchmark lending rates by 40 basis points. The People's Bank of China set the midpoint rate weaker at 6.1420 per dollar prior to market open, compared to 6.1387 per dollar at the previous fix.» Read More
BILLERICA, Mass.-- Entegris Inc. said Wednesday that its chief operating officer will become CEO next month as its chief executive steps aside. Gideon Argov, Entegris' current CEO, will step down Nov. 27, when Loy will officially become CEO.
Losses in the euro were limited after Greece's finance minister said Athens had been given additional time by international lenders to impose its austerity cuts, an assertion played down by leading EU officials.
MONTCLAIR, N.J.-- Across New Jersey, most communities approached about hosting one of the state's first legal medical marijuana dispensaries in out-of-the-way industrial zones have just said no, after outpourings of public opposition.
AUSTIN, Texas-- An embattled $3 billion cancer-fighting fund in Texas will recover from a controversy that led two Nobel laureates and others to resign over allegations that politics trumped science in spending decisions, state officials told stakeholders Wednesday.
*Citi, Yahoo, AIG examples show more aggressive boards. NEW YORK, Oct 24- In the summer of 2011, Yahoo Inc's board decided enough was enough. So, the board held a final meeting in Los Angeles, away from Yahoo's Silicon Valley headquarters, to review the company's progress, a source familiar with the matter said.
NEW YORK-- Dice Holding Inc.' s shares soared in trading Wednesday after the career website company reported that its third-quarter net income jumped 18 percent and issued a better-than-expected outlook for the year.
THE NEWS: The child abuse scandal that has enveloped one of Britain's most recognized news organizations is now hitting one of America's, as the incoming president of The New York Times is on the defensive about his final days as head of the BBC.
*Preliminary hearing in High Court on Monday. LONDON, Oct 24- Barclays will face on Monday the first claim for damages stemming from manipulation of the Libor interest rate in a landmark case before Britain's High Court that could have major implications for all UK banks.
LAS VEGAS-- Shares of Pinnacle Entertainment hit annual highs Wednesday after the casino operator halved its losses for the third quarter and beat Wall Street expectations. Pinnacle Entertainment Inc. owns and runs a total of seven casinos, in Louisiana, Missouri, and Indiana, as well as a racetrack in Ohio.
PROVIDENCE, R.I.-- More than 1,000 people registered to bid on the remnants of former Red Sox pitcher Curt Schilling's failed video game company during an auction in Providence, R.I.. Bidding stretched nearly 12 hours Tuesday, wrapping up around 10 p.m. The Rhode Island Economic Development Corp. says about 95 percent of the items were sold.
WASHINGTON-- Investors withdrew money from stock mutual funds for the 13th consecutive week during the period ended Oct. 17, although cash was pulled out at a slower pace than during previous weeks. Investors withdrew a net $1.4 billion from U.S. stock funds, the Investment Company Institute said in a preliminary report Wednesday.
*Says not aware of China- Canada quid pro quo talks. OTTAWA, Oct 24- Canadian Finance Minister Jim Flaherty said on Wednesday he knew of no direct talks between Canadian and Chinese officials about making approval of CNOOC Ltd's bid for Nexen Inc conditional on the approval of Canadian deals in China.
Now, there are reports of good production in the Ivory Coast and Nigeria while the harvest is progressing in West Africa, said Jack Scoville, vice president of Price Futures Group. In other trading, most commodity prices were lower after more disappointing economic news from Europe outweighed a positive report on China's manufacturing sector.
Oct 24- Data-storage equipment maker EMC Corp cut its full-year outlook on Wednesday, echoing peers also hurt by tight-fisted customers who are putting off spending amid slow economic growth and ahead of the U.S. presidential election.
The suit, filed Wednesday by the top federal prosecutor in Manhattan, also underscored how Bank of America's purchase of Countrywide in July 2008, just before the financial crisis, backfired severely. He also charged that Bank of America has resisted buying back soured mortgages from Fannie Mae and Freddie Mac, which bought loans from Countrywide.
OTTAWA, Oct 24- The Bank of Canada halved its forecast for third-quarter economic growth in Canada to 1.0 percent, annualized, on Wednesday and said the degree of slack in the economy has widened, suggesting rate hikes could come later than thought.
BROOMFIELD, Colo.-- Shares in Level 3 Communication shares slipped Wednesday after the Internet services company reported a deep third-quarter loss and less revenue than Wall Street expected. The Broomfield, Colo., company said it lost $166 million, or 76 cents per share, on about $1.59 billion in revenue.
NEW YORK, Oct 24- The euro slipped against the dollar and yen on Wednesday on signs of further decline in the economy of regional powerhouse Germany, but global shares rebounded slightly after Tuesday's hefty fall. Boeing Co reported stronger-than-expected earnings and raised its full-year 2012 outlook, supporting the Dow.
Oct 24- Eli Lilly and Co and Bristol-Myers Squibb Co posted lower-than-expected profit as their former top medicines were pounded by cheaper generics and sales of other products disappointed, sending their shares lower. Lilly earned $1.33 billion, or $1.18 per share, in the third quarter. That compared with $1.24 billion or $1.11 per share a year earlier.
TORONTO, Oct 24- Canada's Competition Bureau said on Wednesday it had reached an agreement with Air Canada and United Continental Holdings that prohibits them from coordinating on 14 transborder routes but clears the way for a joint venture that excludes those routes.