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  • US STOCKS-S&P edges higher but IBM results drag Dow Monday, 20 Oct 2014 | 9:54 AM ET

    *IBM slumps after quarterly results. NEW YORK, Oct 20- U.S. stocks were mixed on Monday, with the S&P 500 and Nasdaq posting modest gains, but the Dow falling as quarterly results from IBM disappointed. IBM shares slumped 7.3 percent to $168.69 as the biggest drag on both the Dow and S&P 500 after the company's third-quarter earnings fell well short of Wall Street...

  • Sears shares rose about 7.5 percent in early trading. Most of this will come from Lampert and his hedge fund, ESL Investments Inc, which together own 48.5 percent of Sears. Sears' deepening financial troubles have forced insurers and banks to raise the cost of guaranteeing payment to vendors, rattling the retailer's supply chain ahead of the key holiday season.

  • MONTEVIDEO, Oct 20- Uruguay is struggling to roll out the commercial production and sale of marijuana and its ground-breaking experiment could be dropped or watered down if an opposition candidate wins this month's presidential election. The reform is being followed closely across Latin America where the legalization or decriminalization of some...

  • BERLIN, Oct 20- Germany and France agreed on Monday to work towards a deal to boost investment and accelerate economic reforms to revive a stagnating euro zone economy, their finance ministers said. German Finance Minister Wolfgang Schaeuble, who has opposed any big public investment drive, said Paris and Berlin would put forward a joint paper in early December...

  • NEW YORK, Oct 20- U.S. stocks fell at the open on Monday to extend four consecutive weeks of losses as indexes were weighed by IBM, which fell more than 7 percent on disappointing quarterly results.

  • Oct 20- Mitel Networks Corp, a provider of business communications services, offered to buy smaller U.S. peer ShoreTel Inc for about $540 million as part of efforts to expand in the United States. Kanata, Ontario- based Mitel's cash offer of $8.10 per share represents a 24 percent premium to ShoreTel stock's closing price on Friday. Sunnyvale, California- based...

  • Oct 20- Venture capitalist Marc Andreessen said he was quitting EBay Inc's board following the online retailer's decision last month to spin off its electronic payment unit, PayPal. The Silicon Valley pioneer has been involved in a public war of words with activist investor Carl Icahn, one of eBay's largest shareholders, who convinced the company to spin off...

  • Oct 20- IBM Corp said it would hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc to focus on cloud computing and big data analytics. IBM will pay Globalfoundries $1.5 billion in cash over the next three years to take the chip operations off its hands, the companies said in a statement on Monday. IBM took a related pre-tax...

  • *Ukraine struggles to secure funds for Russian gas payment. Movement on the gas row was the only sign of progress at talks between Vladimir Putin and Petro Poroshenko on Friday which failed to resolve differences over fighting in eastern Ukraine and a deep crisis in relations. European Energy Commissioner Guenther Oettinger, who will mediate Tuesday's...

  • US STOCKS-Wall St to dip at open as IBM results drag Monday, 20 Oct 2014 | 9:09 AM ET

    *IBM slumps after quarterly results. NEW YORK, Oct 20- U.S. stocks were poised for a slightly lower open on Monday, on the heels of a fourth week of losses for the benchmark S&P 500, as quarterly results from IBM disappointed. IBM shares slumped 7.5 percent to $168.46 in premarket after the company's third-quarter earnings fell well short of Wall Street...

  • Oct 20- Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. More than 65 percent of Arysta's sales are in high-growth regions such as Latin America, Africa, Central and Eastern Europe, China and South Asia.

  • Oct 20- International Business Machines Corp said it no longer expected to achieve its 2015 operating earnings target of at least $20 per share after weak client spending resulted in an unexpected fall in quarterly earnings and revenue. IBM's shares fell more than 9 percent in premarket trading. "IBM needs to find success and growth in the cloud through organic...

  • *Carrefour 5 pct dearer than Lidl vs 20 pct premium in UK- LEK. PARIS/ BERLIN, Oct 20- The success of French retailers in stopping the advance of discounters in the last five years shows a way out of the crisis embroiling Britain's "big four" grocers. In Britain, Tesco, Wal-Mart's Asda, Sainsbury and Morrison are all losing shoppers to discounters Aldi and Lidl, which have...

  • IBM CFO SAYS COMPANY WILL SEE $600 MILLION WORKFORCE REBALANCING CHARGE IN Q4.

  • *Deregulation not to impact India's diesel exports. NEW DELHI, Oct 20- India's scrapping of diesel price controls opens the door for private sector refiners to return to a domestic retail market from which they have been excluded for years because they could not compete with state firms. Reliance Industries plans to revive its old business cautiously, while...

  • FOREX-Yen recovers ground as European stocks fall Monday, 20 Oct 2014 | 8:29 AM ET

    LONDON, Oct 20- The yen recovered some ground against the dollar on Monday as worries about global growth persisted, making investors wary of riskier assets. The European Central Bank, meanwhile, said it had started buying covered bonds, opening a new front in its battle to revive the euro zone economy and keep deflation at bay. The euro held up, and was 0.1 percent...

  • DALLAS, Oct 20- Weeks of worries about a possible Ebola infection ended for dozens of people on watch lists in the United States on Monday but scores were still being monitored after potential exposure to the virus, Texas health officials said. Forty-three people who had contact with Thomas Eric Duncan, the first person diagnosed with the disease in the United...

  • IBM SAYS EXPECTS DOLLAR APPRECIATION TO HAVE SIGNIFICANT IMPACT ON Q4 AND 2015 EARNINGS RESULTS.

  • Peabody posts quarterly loss as coal prices fall Monday, 20 Oct 2014 | 8:23 AM ET

    Oct 20- Coal miner Peabody Energy Corp reported a quarterly loss, compared with a profit a year earlier, hurt by lower prices. The company's reported net loss from continuing operations of $154 million in the quarter ended Sept. 30 compared with income of $24 million a year earlier. Revenue fell 4.4 percent to $1.72 billion.

  • Mitel Networks makes $540 mln offer for Shoretel Monday, 20 Oct 2014 | 8:18 AM ET

    Oct 20- Mitel Networks Corp, a provider of internet phone and video-conferencing services, said it offered to buy smaller peer Shoretel Inc for about $540 million. The company said Shoretel had rejected an earlier proposal and refused to engage with Mitel. The cash offer of $8.10 per share represents a 24 percent premium to Shoretel's closing price on Friday.