LIMA, Oct 10- The Russian Central Bank may return to purchasing foreign exchange for its reserves if market volatility declines, but there is no pressure to increase the $370.2 billion stash, the bank's Governor Elvira Nabiullina said over the weekend. "We will see what happens in the market," Nabiullina told journalists on the sidelines of the semi-annual...» Read More
NEW YORK-- There was a time when the newsweeklies set the agenda for the nation's conversation _ when Time and Newsweek would digest the events of the week and Americans would wait by their mailboxes to see what was on the covers.
NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Nokia Corp., down 14 cents at $2.80. Supervalu Inc., up 10 cents at $2.14.
U.S. benchmark crude eased 2 cents to finish at $92.10 a barrel. Brent crude, which many U.S. refiners use to make gasoline, fell 80 cents to $112.42 in London. China's economic news also offered a complicated outlook for oil demand.
SANTA CLARA, Calif.-- Computer chip maker Marvell Technology Group Ltd. said Thursday that Chief Financial Officer Clyde Hosein has resigned from the company to pursue other opportunities. Hosein will assist the company with its search, Marvell said in a statement. Marvell also cut its revenue outlook for its fiscal third quarter on Thursday.
LOS ANGELES-- Capital One Financial Corp.' s net income vaulted 47 percent in the third quarter, as the lender's acquisition of online bank ING Direct and HSBC's U.S. credit card business helped boost its loan revenue.
DENVER-- Restaurant chain Chipotle Mexican Grill Inc. said Thursday that its third-quarter net income rose 20 percent as traffic grew and it opened more stores. Chipotle's net income rose to $72.3 million, or $2.27 per share, from $60.4 million, or $1.90 per share, last year. Revenue rose to $700.5 million from $591.9 million a year ago.
Southwest Airlines had a small third-quarter profit, but noted that demand from travelers _ especially lucrative business travelers _ was weak in September. The airline said it's seeing signs that September was just a blip, and that demand is picking up again this month.
FRESNO, Calif.-- Two law firms have filed a lawsuit on behalf of the United Farm Workers of America and individual farmworkers, alleging California regulators aren't enforcing heat regulations.
WETHERSFIELD, Conn.-- Connecticut labor officials say unemployment in the state edged down slightly in September as the number of jobs rose. Labor officials said Thursday that preliminary estimates from the federal Bureau of Labor Statistics show Connecticut's job market stabilized.
BY THE NUMBERS: Morgan Stanley reported higher net income and revenue, after stripping out an accounting charge. That's when ratings agency Moody's downgraded the bank. THE JOBS FRONT: Like many banks, Morgan Stanley is trimming its work force to cushion itself against an uncertain economy.
GAINING GRAINS: Prices rose for wheat, corn and soybeans as adverse weather hit key farming regions in Brazil and Argentina. Although it's early in the season, some investors questioned whether the problems will wind up hurting the harvest. China said its economy grew in the July-through-September period from the year-ago quarter.
BRUSSELS-- European Union leaders announced early Friday they had agreed to create a single supervisor for banks in countries that use the euro, and said it would "probably" become operational sometime next year. France has been pushing to get all 6,000 banks in the 17 euro countries under the supervision of one European body by the end of this year.
DETROIT-- Stan Ovshinsky, the self-taught inventor who developed the nickel-metal hydride battery used in the hybrid vehicle industry, has died at his home in suburban Detroit after a fight with cancer. His son, Harvey Ovshinsky, said his father was passionate about science and alternative energy, but also about civil rights and other social causes.
TORONTO-- Canada's broadcast regulator has rejected BCE Inc.' s bid to buy Astral Media Inc. for US $3.40 billion. BCE, Canada's largest telecommunications company, had wanted to create a media powerhouse with more content to deliver to televisions and mobile devices across Canada.
BLOWBACK: The Chinese company suing President Barack Obama for blocking its planned wind farm projects accused the U.S. leader and his government of discrimination and warned that the case would deter Chinese investment in the United States.
LANSING, Mich.-- State regulators in Michigan have created a new agency to focus on health care providers. The Michigan Department of Licensing and Regulatory Affairs said Thursday that it's forming a new Bureau of Health Care Services.
PHOENIX-- Arizona's September unemployment dipped to 8.2 percent, down from 8.3 percent the two previous months. Department of Administration economists report that the state added 30,000 jobs, mostly in government due to seasonal hiring by schools. The department says seven of the 11 major economic sectors added jobs in September while four lost jobs.
JERSEY CITY, N.J.-- Federal environmental officials have declined to reconsider their approval of a 16- mile natural gas pipeline across portions of northern New Jersey and into New York City. A spokesman for the Federal Energy Regulatory Commission says the decision was made at the agency's meeting Thursday in Washington.
RECOVERY: China's worst slump since the global financial crisis leveled out in the latest quarter and retail sales picked up in a sign an economic rebound is taking shape. THE NUMBERS: The world's second-largest economy grew 7.4 percent in the three months ending in September.