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Top News & Analysis United States

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  • *Morning floor trading planned to capture Asian business* Ring floor may be expanded for new members, extra staff* First major move by LME's new owner By Josephine Mason and Susan Thomas.

  • DENVER, Oct 11- Prosecutors and attorneys defending accused Colorado theater gunman James Holmes return to court on Thursday to spar over leaks to the news media, and the status of a hearing that could provide details of the massacre.

  • Shutterstock raises $76.5 million in its IPO Thursday, 11 Oct 2012 | 6:55 AM ET

    NEW YORK-- Shutterstock, a provider of stock photos and other images, has raised $76.5 million in its initial public offering. The company said Thursday that it priced its IPO of 4.5 million shares at $17 per share. Shutterstock Inc. is giving the underwriters a 30- day option to buy up to an additional 675,000 shares to cover any excess demand.

  • *Suzlon sought to extend maturity of over $200 mln bonds by four months. By Tony Munroe and Sumeet Chatterjee MUMBAI, Oct 11- India's Suzlon Energy Ltd. A total of $1.3 billion of convertible bonds are expected to come up for redemption in the October-December quarter, brokerage Kotak Securities said in a report last month.

  • Sheen at Deepwater Horizon disaster site is BP oil Thursday, 11 Oct 2012 | 6:45 AM ET

    NEW ORLEANS-- The Coast Guard says an oil sheen near the site of the massive BP spill in the Gulf of Mexico matches oil from the 2010 disaster. The Coast Guard says its tests established the oil came from the BP well.

  • said on Thursday in announcing it will move to Switzerland and list its shares in London, dealing a blow to the debt-crippled Greek economy. The material impact on Greece may be limited- its Greek plants will go on working and CCH said the five percent of its business that the world's second-ranked Coke bottler has in Greece will be unaffected.

  • PHNOM PENH, Oct 11- Cambodia has threatened legal action against two U.S.-funded radio stations, accusing them of favouring opposition parties and promoting U.S. foreign policy, sources said on Thursday.

  • *Research house IDC still ranks HP in the lead* Lenovo shares rise nearly 2 pct in Hong Kong trade* HP stock touches lowest level since October By Poornima Gupta and Lee Chyen Yee.

  • By Matt Scuffham and Myles Neligan. LONDON, Oct 11- Shares in Direct Line set a premium on their stock market debut on Thursday, marking a milestone for parent Royal Bank of Scotland which needed a successful float of the insurance unit as a key part of its recovery plan.

  • UPDATE 1-GlaxoSmithKline to reveal more drug secrets Thursday, 11 Oct 2012 | 5:10 AM ET

    *Move follows record fraud fine in United States. LONDON, Oct 11- GlaxoSmithKline, criticised in the past for keeping important information about its medicines to itself, is to lift the lid on more of its drug secrets.

  • Philippine Sept portfolio inflows jump 172 pct y/y Thursday, 11 Oct 2012 | 5:04 AM ET

    -Gross foreign portfolio inflows in January to September reached $13.2 billion and gross outflows totalled $10.5 billion, resulting in a nine-month net inflow of $2.63 billion. -Inflows in September rose following news of the European Central Bank's plan to buy bonds of distressed euro zone economies and Spain's announced cuts to its budget as well as the U.S.

  • Teachers make money selling materials online Thursday, 11 Oct 2012 | 5:03 AM ET

    SEATTLE-- Kristine Nannini spent her summer creating wall charts and student data sheets for her fifth grade class _ and making $24,000 online by selling those same materials to other teachers.

  • Toyota undaunted by latest massive global recall Thursday, 11 Oct 2012 | 5:02 AM ET

    TOKYO-- Toyota executives were unfazed Thursday by the overnight recall of 7.43 million vehicles over faulty power window switches that can cause fires, calling it a sign the Japanese company had learned from its mistakes and was becoming quicker and more transparent.

  • NEW DELHI, Oct 11- Jeet Thayil, one of the nominees for the 2012 Man Booker Prize for the year's best novel in English, paints a stark portrait of Mumbai, or Bombay as he calls it, in his debut novel "Narcopolis". Thayil spoke with Reuters about his deep relationship with Bombay, his addiction and how this book came about.

  • NEW DELHI, Oct 11- India's annual exports fell for the fifth consecutive month and imports rose in September, pushing the trade deficit to its widest in 11 months in the latest bleak data from Asia's third largest economy as it struggles to balance its finances.

  • UPDATE 3-Oil pushes higher on Syria tension Thursday, 11 Oct 2012 | 4:58 AM ET

    *Turkey, Syria fighting stokes worries about Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

  • World stocks mixed after Spain gets downgrade Thursday, 11 Oct 2012 | 4:54 AM ET

    BANGKOK-- World stock markets were mixed Thursday, with Europe posting modest gains while Asia slumped after Spain, the fourth-largest euro economy, was slapped with a two-notch credit downgrade. Britain's FTSE 100 rose 0.2 percent to 5,791.79, Germany's DAX added 0.4 percent and France's CAC-40 advanced 0.3 percent to 3,375.40.

  • UPDATE 1-Shell faces lawsuit over Niger Delta pollution Thursday, 11 Oct 2012 | 4:48 AM ET

    THE HAGUE, Oct 11- Royal Dutch Shell faces a lawsuit from four Nigerian villagers on Thursday in a case that could set a precedent for damage claims against international companies.

  • Oct 11- Stan Lee Media, a company that says it controls the rights to Marvel characters including Spider Man and Iron Man, has filed suit in U.S. District Court in Colorado against the Walt Disney Co seeking "billions of dollars of profits." Disney acquired Marvel Enterprises, which had been renamed Marvel Entertainment, in 2009 for $4.3 billion.

  • Asia Coffee-Vietnam new crop on offer; trade cautious Thursday, 11 Oct 2012 | 4:05 AM ET

    *Vietnam's new crop offered at $30 below London. SINGAPORE, Oct 11- Trading houses offered beans from Vietnam's new crop at discounts to London futures this week, but Indonesian robustas returned to premiums despite a lack of interest from roasters, dealers said on Thursday.