March 9- A Delaware judge said Royal Bank of Canada should be held liable to former shareholders of Rural/Metro Corp because it failed to disclose conflicts of interest that tainted the $438 million buyout of the ambulance operator.» Read More
*Boeing seeking tax incentives and new 8- year labor contract. *Unclear if company would settle for less than full legislative package. *Investors not concerned about placing 777 X production in Washington.
WASHINGTON, Nov 7- The panel of U.S. lawmakers seeking to craft a bipartisan budget deal is in a deadlock early in its deliberations, according to a Senate member, reinforcing fears that a Dec. 13 deadline could produce no agreement.
NEW YORK, Nov 7- Francis Dunleavy, who ran the JPMorgan Chase& Co energy desk in Houston that was accused of manipulating the U.S. power market earlier this year, has retired from the bank after a career of more than 30 years, a spokesman said. He left on Oct. 17, the JPMorgan spokesman said.
CALGARY, Alberta, Nov 7- Canadian Natural Resources Ltd, the country's top independent oil producer, said on Thursday third-quarter profit more than tripled from a year earlier as a result of record quarterly production and strong oil prices.
BOSTON/ WASHINGTON, Nov 7- The U.S. Food and Drug Administration on Thursday proposed banning artificial trans fats in processed food ranging from cookies to frozen pizza, citing the risk of heart disease. Reducing the use of trans fats could prevent 20,000 heart attacks and 7,000 deaths from heart disease a year, the FDA said.
*Qualcomm falls after results, outlook. The broader market was hurt by weak earnings from Whole Foods and Qualcomm. The European Central Bank's decision to cut interest rates helped offset some of the negativity, however, said Randy Frederick, managing director of active trading and derivatives at Charles Schwab in Austin, Texas.
DETROIT, Nov 7- Toyota Motor Corp said on Thursday it is recalling 33,000 cars, pickup trucks and commercial vehicles worldwide to replace a defective part that may cause engine failure. Most of the recalled models are in Japan, Toyota spokesman John Hanson said.
*West seeks first-step deal with Iran in Geneva talks. NEW YORK, Nov 7- Brent crude oil futures slid to a four-month low on Thursday, pressured by a strong dollar, plentiful supplies and continued progress in talks between Iran and the West over Tehran's disputed nuclear program.
*Arabica stages technical rebound after testing $1/ lb. NEW YORK/ LONDON, Nov 7- Coffee futures jumped almost 4 percent in a turbulent session on Thursday, triggered by technical buying and bargain hunting after prices plunged to seven-year lows on concern about bumper crops from top producer Brazil.
Nov 7- Canadian dairy products maker Saputo Inc, which is in a bidding war for Australia's Warrnambool Cheese and Butter Factory Co Holdings Ltd, reported a 3 percent rise in quarterly profit as sales rose in North America.
LONDON, Nov 7- China may have overtaken the United States as the world's biggest oil importer, but America is now the land of opportunity for traders looking to profit off energy markets, thanks to changes brought by the shale gas revolution.
The bank agreed to settle with the SEC without admitting or denying the charges, which allege that it misled investors about the quality of the underlying loans and the likelihood they would be repaid. In a statement, the company said it "cooperated fully" with the SEC and expects to make a total payment to the SEC of $153.7 million.
*Sale part of Nestle plan to shed underperforming brands. LONDON/ ZURICH, Nov 7- Nestle, the world's largest food group, is selling the bulk of its Jenny Craig weight-loss business to a U.S. private equity firm, part of a trend among consumer goods firms to shed underperforming businesses in a faltering global economy.
MILAN, Nov 7- Telecom Italia's board members were meeting on Thursday to approve a new plan to help revive its business in their first gathering since Spain's Telefonica struck a deal to tighten its grip on the Italian group.
*FTSEurofirst 300 flat, Euro STOXX 50 down 0.4 pct. *Indexes set 5- year highs before pullback. LONDON, Nov 7- European shares ended flat on Thursday in heavy, volatile trade as a boost from an unexpected rate cut by the European Central Bank was offset by funding concerns for smaller banks.
TORONTO, Nov 7- Interest rates are going to go up over the long term regardless of what central banks do at the moment, Canadian Finance Minister Jim Flaherty said on Thursday after the European Central Bank unexpectedly trimmed rates.
Nov 7- Transocean Ltd, the world's largest offshore drilling contractor, is going through a "painful" process to reduce onshore expenses and expects to see a drop in costs next year as a result, executives said. Shares of Transocean rose more than 5 percent to their highest in more than five months.
LONDON, Nov 7- Copper was steady on Thursday, but other metals sank under the weight of a strong dollar following better-than-expected U.S. growth data and a surprise European Central Bank rate cut. Copper, which hit a four-week low in the previous session, has lost 10.2 percent so far this year.
WASHINGTON, Nov 7- A unit of the Royal Bank of Scotland agreed to pay more than $150 million to settle civil charges alleging it misled investors in a financial crisis-era subprime mortgage product, U.S. regulators announced Thursday.
Nov 7 (Reuters)- James River Coal Co idled four more mines in Central Appalachia and temporarily laid off about 200 employees as the company looks to shore up its precarious cash position amid weak coal prices. "The balance sheet continues to be the critical issue to watch for James River Coal," Simmons& Co analyst Bill Herbert said in a note.