SAO PAULO, Nov 25- Brazil's Grupo BTG Pactual SA scrambled to contain the fallout from the arrest of its billionaire boss on Wednesday, tapping cash reserves to cover client redemptions and announcing a stock buyback to prop up its plunging share price. Ratings agency Moody's Investors Service warned the credit rating of Latin America's largest homegrown...» Read More
The islands, called Senkaku in Japan and Diaoyu in China, were already under Tokyo's control but are also claimed by Beijing. BAD ROAD TRIP: Toyota Motor Corp. said that sales of new vehicles in China dropped 48.9 percent in September from a year earlier.
Among the stock activity stories for Tuesday, Oct. 9, from AP Business News:. _ Shares of Questcor Pharmaceuticals Inc., which had lost 60 percent of their value in the last four weeks, recovered some lost ground Tuesday after a Jefferies& Co. analyst upgraded the biopharmaceutical company's stock.
Shares of Endeavour Silver Corp. fell Tuesday after the silver miner said that an "illegal work stoppage" was blocking access to some mines in Mexico.
MAD: Economic shockwaves are striking Japan after it nationalized tiny, uninhabited islands, which were already under Tokyo's control but are also claimed by Beijing. The claim on the islands, called Senkaku in Japan and Diaoyu in China, set off violent protests in China, and a widespread call to boycott Japanese goods.
Among the stock activity stories for Tuesday, Oct. 9, from AP Business News:. _ Shares of Research In Motion Ltd., the maker of the BlackBerry phones, fell after an analyst said the company's new operating system will launch later than he had expected.
LITTLE PROGRESS: Europe made little progress Tuesday in its efforts to secure the region's stricken financial system when finance ministers from the European Union failed to agree on how a single banking supervisor should be set up.
NEW YORK-- Increased competition on several key routes led Hawaiian Airlines Inc. to cut its third-quarter revenue expectations on Tuesday. The stock of its parent company, Hawaiian Holdings Inc., lost as much as 6 percent. Hawaiian started flying nonstop between New York and Honolulu in June.
NEW YORK-- A Raymond James analyst upgraded shares of industrial manufacturer Trinity Industries Inc. on Tuesday, saying he expects better results for its inland barge and railcar businesses.
LOS ANGELES-- NBC slashes Jay Leno's "Tonight" pay in half, but forks out more than $8 billion to renew its broadcast rights to Sunday Night Football. Yes, according to observers, who say NBC is making the right moves by saving where it can and spending where it should under new owner Comcast Corp..
RICHMOND, Va.-- The U.S. government is asking a federal appeals court to rehear a challenge to a Food and Drug Administration requirement that tobacco companies to put large graphic health warnings on cigarette packages to show that smoking can disfigure and even kill people.
PROVIDENCE, R.I.-- A federal judge who appointed a special master to help mediate hundreds of foreclosure disputes in Rhode Island's courts said Tuesday he's "incredibly pleased" with the process so far, but is looking for ways to improve it.
KANSAS CITY, Mo.-- A Kansas City biodiesel plant plans to expand, allowing it to increase production by 40 percent. The facility is a joint venture of Paseo and Cargill and is near the Paseo Bridge in Kansas City. Jay Nixon traveled to Kansas City for the announcement.
WASHINGTON-- Federal investigators have charged 530 people for allegedly defrauding more than 73,000 desperate homeowners around the country who fell behind on mortgage payments, leaving them vulnerable to con artists offering to help them avoid foreclosure.
AMSTERDAM-- World stock markets fell Tuesday on a gloomy forecast from the IMF and worries over Europe's debt crisis ahead of the start of earnings season.
JACKSON, Miss.-- Trustmark Corp. says it will delay its takeover of BancTrust Financial Group because regulators haven't approved the deal yet. Jackson- based Trustmark had been scheduled to close its $55 million purchase of BancTrust by Dec. 31.
PROVIDENCE, R.I.-- Gasoline prices are holding steady in Rhode Island. AAA Southern New England said Tuesday that the average price for a gallon of regular unleaded gas is $3.96, unchanged from last week. Drivers in Rhode Island paid an average of $3.54 a gallon at this time last year.
JEFFERSON CITY, Mo.-- Businesses affiliated with the husband of Missouri Sen. Claire McCaskill have received almost $40 million in federal subsidies for low-income housing developments during her first five years in office, though it appears only fraction of that has made it to the family's bank accounts, according to an Associated Press analysis.