Manish Singh, strategist and head of investments at Crossbridge Capital, expects the Chinese currency to rise in strength and challenge the dollar in the long term.» Read More
LAS VEGAS-- Nevada's average gas price is $3.93 per gallon after northern city prices shot up in line with California and southern cities trailed far behind. AAA says Tuesday that some northern Nevada metropolitan areas supplied by California saw their fuel prices jump 24 cents in a single week.
FRANKLIN LAKES, N.J.-- Medical device maker Becton Dickinson& Co. says Chief Financial Officer David Elkins is leaving for another job, and named one of its executives as a temporary CFO while it searches for a replacement. Elkins, 44, has been with the Franklin Lakes, N.J., company since 2008. He will leave after Becton Dickinson reports financial results on Nov. 7.
Oct 10- Clothing retailer Wet Seal Inc named a Clinton Group nominee as chairman of its board, after replacing four of its board members with the activist investor's nominees last week.
The Ohio Casino Control Commission reported Tuesday that combined wagers in September at casinos in Cleveland and Toledo were $331.8 million, down 5 percent from August's $349.6 million. Wagers dropped 9 percent in September at the Toledo casino to $152.9 million and dipped 1.5 percent in Cleveland to $178.7 million.
Stocks are under pressure due to a forecast from the International Monetary Fund on Tuesday, which said that the global economy continues to weaken and that the recession in Europe could extend to developing nations. Shares of Alcoa are lower Wednesday after the aluminum maker cut its demand expectations for the year, largely because of a slowdown in China.
ST. PAUL, Minn.-- Minnesota's corn and soybean harvests are advancing well ahead of last year's pace as well as the five-year averages. In its weekly crop progress report, the U.S. Department of Agriculture said Tuesday that 95 percent of Minnesota's soybean crop was harvested by Sunday, compared with 69 percent last year and a 55 percent average.
October 10- Following are terms and conditions. of a bond priced on Wednesday.
Oct 10- U.S. safety regulator on Wednesday issued a warning to consumers with repaired vehicles that they may have air bags that don't inflate in an accident. The National Highway Traffic Safety Administration said testing revealed the problem involving the sale of counterfeit air bags for use as replacement parts in vehicles involved in crashes.
BAE Systems plc and EADS N.V.. Termination of talks regarding the possible merger of BAE Systems and EADS.
*Alcoa beats expectations but cautions of slowdown. NEW YORK, Oct 10- U.S. stock index futures edged lower on Wednesday after Alcoa kicked off earnings season by warning of a slight slowdown in some markets, highlighting concerns about sluggish global growth, even as its quarterly results beat expectations. Alcoa shares lost 0.7 percent to $9.07 in.
NEW YORK, Oct 10- Cummins Inc:.
*US safety regulator issue warning to consumers regarding possible counterfeit. air bags used as relacement parts in cars involved in accidents. *Nhtsa says counterfeit replacement air bags may not deploy or expel metal.
WASHINGTON, Oct 10- Many U.S. companies are less optimistic about doing business in China even though sales there are still rising, and most of those firms are planning to increase investment, according to an annual survey of business executives released on Wednesday.
DANA POINT, Calif., Oct 9- A plan by Southern California Edison to reopen its crippled San Onofre nuclear power plant, whose outage has increased the chance of power cuts in the region, is not certain to be approved, the U.S. Nuclear Regulatory Commission said.
*Doubts over German backing for $45 bln aerospace merger* UK Takeover Panel deadline at 1600 GMT* BAE shares down 0.9 pct By Sophie Sassard and Jason Neely.
NEW YORK, Oct 10- True Religion Apparel Inc:.
Oct 10- Danaher Corp and Cooper Industries agreed to sell their hand and power tools joint venture, Apex Tool Group, to Bain Capital for about $1.6 billion, joining the growing trend among U.S. conglomerates to shed non-core assets.
Oct 10- Record-high California retail gasoline prices began to ease on Wednesday, receding from nearly $5 a gallon, even as further refinery disruptions threatened to slow the decline. The average price of a gallon of regular gasoline in the state dipped by a half cent to $4.666, according to the AAA Fuel Gauge website, easing from the previous day's record.
*Alcoa beats expectations but cautions of slowdown. *Yum Brands defies China sluggish growth, raises outlook.
HOUSTON-- An airline passenger who says she's a law school student from Mexico has been arrested in a Texas heroin smuggling case. Federal prosecutors in Houston on Tuesday announced the arrest of 21- year-old Yessica Chanel Cabanillas-Torres, who remains in custody pending a detention hearing.