NEW YORK-- Aeropostale tumbled in premarket trading Friday after its losses widened and the teen retailer, in exchange for new financing, allowed for a larger chunk of its shares to go the private equity firm Sycamore Partners.» Read More
Nov 26- U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble, a trend that could deal another blow to the country's biggest banks. More than $221 billion of these loans at the largest banks will hit this mark over the next four years, about 40 percent of the home equity lines of credit now outstanding.
social and mobile Web services are poised to become the next Facebook Inc. Just ask them. "I wouldn't buy a pizzeria just because the phone is ringing off the hook," David Cowan, a partner at Bessemer Venture Partners, said in a telephone interview.
SHANGHAI, Nov 26- China's foreign exchange market was anemic on Tuesday as activity by major Chinese banks erased market volatility, keeping the yuan trading within a miniscule six-point range in the morning session.
*Iran taps tanker shipping network to tackle unsold oil glut. *U.S. Senate leader Reid not rushing to new Iran sanctions. SINGAPORE, Nov 26- Brent futures held near $111 a barrel on Tuesday as supply concerns crept back, with investors judging the historic deal between Iran and world powers would not result in an immediate increase in shipments from the OPEC member.
NEW YORK, Nov 25- United Kingdom won three International Emmy Awards on Monday, including one for Sean Bean as best actor, and producer-director J.J. Abrams received a special honor for his work on television series and films such as "Lost," "Star Trek" and the upcoming "Star Wars" chapter.
BEIJING, Nov 26- Biel Crystal Manufactory Ltd, a Hong-Kong based company that makes screens for Apple Inc, is violating workers' rights at its Chinese factories, a Hong Kong rights group alleged in a report. Kitty Potter, a spokeswoman for Apple in Greater China, said that the U.S. company "investigates such cases."
TOKYO, Nov 26- The yen got a slight reprieve on Tuesday, ticking up from a six-month low against the dollar after soft U.S. housing data, but the Japanese unit stayed near multiyear lows against European currencies.
*India, second-largest buyer from Iran, owes it $5.3 bln. NEW DELHI, Nov 25- India could step up crude imports from Iran next month and start transferring billions of dollars it owes for oil as early as next week, following a deal between Tehran and six world powers to curb the Islamic Republic's nuclear programme.
*Hyundai looks to sell 10 percent more cars in U.S. next year. Hyundai, the world's fifth-biggest automaker along with Kia Motors, is looking to lift its total U.S. vehicle sales by 10 percent next year on the back of the release of the new Genesis and, more importantly, the Sonata sedan.
*GDP data to be released on Nov. 29 at 1200 GMT. BANGALORE, Nov 26- India's economic growth likely picked up slightly in the July-September quarter as improved manufacturing activity steered it from a four-year low in the previous three months, a Reuters poll showed on Tuesday.
SINGAPORE, Nov 26- Gold was trading near a one-week high on Tuesday, buoyed by short-covering gains in the previous session, but still looking likely to drop back as physical demand remained lacklustre and uncertainty over the U.S. stimulus outlook weighed. Spot gold was unchanged at $1,251.96 an ounce by 0339 GMT.
HONG KONG, Nov 26- Shares of Chinese energy giant Sinopec Corp slumped early on Tuesday after police detained nine people in connection with the blast on its Qingdao oil pipelines, weighing on benchmark indexes in Hong Kong and China.
WASHINGTON, Nov 25- The United States Defense Department has approved a deal under which the U.S. unit of Britain's BAE Systems Plc would upgrade 134 older F-16 fighter jets for South Korea, the Defense Security Cooperation Agency notified Congress on Monday.
Nov 25- The U.S. Coast Guard said it was responding to a sinking vessel and oil discharge into the Mississippi River near Le Claire, Iowa, on Monday. "Approximately 100,000 gallons of petroleum products are reported to be on board the sunken vessel," the Coast Guard said in a statement.
*Rio Tinto weighing fate of Gove alumina refinery in Australia. *Shfe aluminium sinks to two-month low of 14,070 yuan a tonne. "Aluminium, of all the base metals, is facing some of the bigger headwinds given all the supplies tied up in warehouses, and the new proposed changes in LME rules," said James Glenn, economist at National Australia Bank in Melbourne.
Bega and rival bidder Murray Goulburn Co-operative Ltd are considering taking the battle for Warrnambool to the Takeover Panel in the wake of a revised bid by Saputo Inc.. Saputo declared its A $505 million bid for Warrnambool unconditional on Monday and said it would hike its offer if it won control of Australia's oldest dairy maker.
VANCOUVER, Nov 25- A Canadian newspaper mogul is pushing ahead with a $27 billion plan to build an oil refinery on Canada's west coast, hoping to file for regulatory approval before year-end and with construction targeted for 2016..
*SocGen's Asia private bank unit manages $13 bln. SINGAPORE/ HONG KONG, Nov 26- Singapore's DBS Group Holdings, ABN AMRO and Credit Suisse have submitted final round bids for Societe Generale's Asian private bank, which is being valued at around $400 million, people familiar with the matter said.
The FAA also said it has been working closely with Boeing and GE to monitor and understand these events as the companies develop a permanent solution. Boeing advised airlines on Friday about a risk of engine icing problems on 747-8 and 787 Dreamliner planes with GE engines, urging 15 carriers to avoid flying them near high-altitude thunderstorms.
Hyundai unveiled a new version of its high-end Genesis sedan in South Korea on Tuesday, which will hit the U.S. market in the first half of next year, followed by the Sonata, Hyundai's second best-selling car in the United States.