JERUSALEM, July 30- The Tel Aviv Stock Exchange secured its members' approval on Thursday to turn into a for-profit body, a move aimed at boosting trading volumes and reversing a tide of delistings. Amnon Neubach, chairman of Israel's only stock exchange, said that privatization would be an important step in "a process which is highly significant for TASE's...» Read More
BOSTON-- A new report finds the Massachusetts economy slowed sharply in the third quarter. According to the economic journal MassBenchmarks, the state's real gross domestic product grew by 1.9 percent from July-September, placing it slightly below the nation's growth rate of 2 percent as reported by the U.S. Commerce Department.
The U.S. 6th Circuit Court of Appeals upheld a decision that businessman Ronald Stone no longer owed money to Randall Scott Waldman and attorney Bruce Atherton of Louisville. Stone's company owed Fifth Third Bank more than $1 million in 2003, a debt secured by mortgages and liens on the business and Stone's home.
MORRIS TOWNSHIP, N.J.-- Honeywell International Inc. said Friday that its board approved a 10 percent increase to the company's annual dividend. The boost raised the annual payout by 15 cents to $1.64. Honeywell shares rose 28 cents to $61.71 in afternoon trading.
Wells Fargo& Co. spokeswoman Vickee Adams said this week that once the company learned Eggers had received a waiver, it offered on Oct. 12 to rehire him in his old job at the same salary. But Eggers said that he won't accept the bank's offer to return to work unless Wells Fargo changes its background check policy.
*Weeping, Kweku Adoboli tells court was all for bank's benefit. LONDON, Oct 26- Former UBS trader Kweku Adoboli wept on Friday as he told a jury that his ``off-book trades'' were done for the benefit of a bank that meant everything to him. The 32- year-old British-educated Ghanaian was arrested on Sept. 15, 2011, and blamed for losses of $2.3 billion.
It reported a net income of $3.7 million, or 7 cents per share, for the quarter that ended Sept. 30. That's compared with $1.1 million, or 2 cents per share, earned in the same quarter last year. Shares of Taser International Inc. jumped 21 percent, or $1.37, to $7.76 in afternoon trading.
WASHINGTON-- The students in the Saturday morning class trickle in and, as they introduce themselves around a table, reveal far more intimate biographies than just name and hometown. Forgive me, "an Iraq war veteran begins haltingly."
BOSTON, Oct 26- Massachusetts top securities regulator said on Friday that his office fined a Citigroup Inc unit $2 million after research analysts improperly disclosed confidential information about Facebook Inc's initial public offering.
LONDON, Oct 26- Oil recovered from an earlier decline on Friday to trade above $108 a barrel as data showing pick-up in U.S. economic growth in the third quarter provided some relief from, but did not dispel, concerns about the demand outlook. Brent crude was up 5 cents to $108.54 a barrel by 1320 GMT, having fallen to as low as $107.40 earlier.
PANAMA CITY-- Panama's government said Friday it will cancel plans to sell state-owned land in a duty-free zone on the Panama Canal following a week of sometimes violent protests in which a 10- year-old boy and two adults died.
During drugmaker Merck& Co. Inc.' s conference call its third-quarter results Friday, executives discussed trends for Gardasil, its top-selling vaccine. Also, the three-shot series costs just over $400 without insurance. It competes with GlaxoSmithKline PLC's Cervarix.
NASSAU, Bahamas-- Hurricane Sandy raged through the Bahamas early Friday after leaving 38 people dead across the Caribbean, following a path that could see it blend with a winter storm to hit the U.S. East Coast with a super-storm next week.
Oct 26- Oshkosh Corp's board unanimously rejected billionaire investor Carl Icahn's offer to buy the truck maker, calling the bid ``inadequate,'' the company said on Friday.
NEW YORK, Oct 26- U.S. stocks opened flat on Friday following a reading of third-quarter gross domestic product that was higher than expected, offsetting disappointing results from Amazon.com and Apple Inc.. The Dow Jones industrial average was down 2.23 points, or 0.02 percent, at 13,101.45.
Oct 26- Arch Coal Inc, one of the world's top five coal producers, surprised Wall Street on Friday with a third-quarter profit as cost cuts paid off, and the company said thermal coal shipments were improving. Arch Coal shares rose as much as 13 percent premarket.
WASHINGTON, Oct 26- U.S. economic growth picked up in the third quarter as a late burst in consumer spending offset the first cutbacks in investment in more than a year by cautious businesses. Gross domestic product expanded at a 2 percent annual rate, the Commerce Department said on Friday, accelerating from the second quarter's 1.3 percent pace.
NEW YORK-- Shares of Monster Beverage Corp. slid again Friday after two U.S. senators asked federal regulators to fix what they say are loopholes that allow energy drink makers to sell products with additives and high levels of caffeine they say "have not been proven safe."
*Arch Coal surges after results. ``Futures are coming back simply because this GDP number was above the consensus number,'' said Phil Orlando, chief equity market strategist, at Federated Investors, in New York.
NEW YORK-- Shares of NetSuite Inc., which provides business management software over the Internet, jumped Friday after the company announced better-than-expected third-quarter results. THE SPARK: NetSuite posted a loss of $8 million, or 11 cents per share, compared with a loss of $6.9 million, or 10 cents per share, in the same quarter last year.
Shares of PerkinElmer soared to a new annual high, a day after the health and industrial sciences company reported third-quarter results that topped Wall Street expectations. PerkinElmer Inc. said Thursday it now expects adjusted 2012 earnings of $2.05 to $2.07 per share. THE BIG PICTURE: PerkinElmer runs human and environmental health businesses.