SHANGHAI/ HONG KONG, July 8- The Chinese yuan fell to four month-lows in the offshore market on Wednesday as a deepening stock market rout prompted investors to cut their long positions in the Chinese currency, though the currency remained broadly stable onshore. The People's Bank of China set the midpoint rate at 6.1175 per dollar prior to market open, 0.01...» Read More
WALTHAM, Mass.-- Thermo Fisher Scientific Inc.' s third-quarter earnings climbed 9 percent, helped by revenue growth in key segments, and the scientific instrument and laboratory supply maker raised its forecast for 2012.. The Waltham, Mass., company said Wednesday it earned $290.4 million, or 79 cents per share, in the three months that ended Sept. 29.
MONROE, Mich.-- Steelmaker Gerdau is unveiling new machinery at a Michigan steel facility as part of the company's ongoing expansion. The company on Wednesday is marking the completion of construction of a continuous caster at its North American special steel facility in Monroe, about 35 miles southwest of Detroit.
COLUMBUS, Ohio-- American Electric Power's net income fell 48 percent in the third quarter as customers' conservation efforts and a slow economy reduced demand for electricity. AEP earned $487 million, or $1 per share, on revenue of $4.16 billion.
JACKSON, Miss.-- A settlement conference is scheduled Thursday in a federal lawsuit brought by a man who was injured in an explosion at an International Paper Co. mill in Mississippi in 2008.. The lawsuit claims International Paper recklessly ignited the boiler when it was filled with combustible gas.
Oct 24- Victims of a deadly U.S. meningitis outbreak are starting to sue the physicians and clinics that administered tainted steroid shots, and the success of the suits could hinge on whether judges decide the injections are subject to product liability or medical malpractice laws.
NEW YORK, Oct 24- Applications for U.S. home mortgages fell sharply last week, registering the biggest percentage decline in a year as demand for both purchase loans and refinancings tumbled, data from an industry group showed on Wednesday.
PORTLAND, Maine-- The four-day Harvest on the Harbor food and wine festival is kicking off in Portland. The festival in the Maine city gets under way Wednesday evening with the Grand Tasting on the Harbor gala, where 20 of the area's top restaurants prepare tastings of their favorite dishes.
*Vegas less powerful in casino world after Macau boom. With no full-time staff in Asia and a mission that includes nurturing an industry increasingly dependent on China- controlled Macau, the granddaddy of U.S. gambling regulators may ultimately prove powerless to police a global business of which Las Vegas is no longer the capital, industry veterans said.
BIRMINGHAM, Ala.-- The NBC television show America's Got Talent will hold auditions for the upcoming season on Dec. 10 in Birmingham. The manager of the Alabama Film Office, Kathy Faulk, says location for the auditions will be announced later.
HELSINKI-- Finnish utility Fennovoima says Germany's E.ON AG is selling its stake in the company, meaning it will pull out of a nuclear power plant project in Finland.
*Germany sells 3.3 bln euros of 10- yr bonds, demand good.
*Iran, Nigeria supply concerns underpin prices. LONDON, Oct 24- Oil rose on Wednesday, snapping a six-day losing streak, after economic data from China suggested a gradual recovery in the world's No. 2 oil consumer, though weak European data kept the gain slim. Brent crude was up 40 cents at $108.65 a barrel by 1020 GMT.
BRUSSELS, Oct 24- EU regulators do not have any reason to open an investigation into Microsoft's operating system for tablets, the EU's antitrust chief said on Wednesday. ``There are no grounds to pursue an investigation on this issue,'' EU Competition Commissioner Joaquin Almunia told a news briefing.
NEW YORK-- Tupperware Brands Corp.' s third-quarter net income more than quadrupled from a year ago, bolstered by strong sales in its emerging markets. The seller of food-storage containers and other home products, based in Orlando, Fla., also raised its profit outlook, sending shares up more than 7 percent.
WASHINGTON-- Environmental groups say they plan to petition the federal Environmental Protection Agency to require toxic chemical release reporting for the oil and gas industry.
LONDON, Oct 24- Gold prices hovered near a seven-week low on Wednesday as a weak reading of the German economy lifted the dollar versus the euro, while dealers awaited the U.S. Spot gold was at $1,708.90 an ounce at 1023 GMT against $1,708.09 late in New York on Tuesday, while U.S. gold futures for December delivery were up 30 cents an ounce at $1,709.70.