More Cubans are fleeing for the United States as rumors spread about a possible end to the Cuban Adjustment Act.» Read More
NEW YORK, Oct 3- The proportion of bullish U.S. investment advisors fell below 50 percent for the first time in five weeks, hitting 46.8 percent in the latest week versus 51 percent the prior week, according to a survey by Investors Intelligence on Wednesday.
SINGAPORE, Oct 3- Danish oil and shipping group A.P. Moller Maersk says it will talk to Vitol to determine whether one of its tankers was used by the trading house to ship Iranian fuel oil. The cargo was transferred aboard the Danish tanker from Vitol's floating storage off Malaysia, the document shows, and shipped to storage in Singapore.
Oct 3- Women's apparel retailer Bebe Stores Inc. The company, which sells merchandise under Bebe Sport, bbsp, 2 b bebe and its namesake brand, faces an inventory glut, with a 12.5 percent increase in inventory per square foot as of Sept. 29. The Brisbane, California- based company's shares closed at $4.67 on the Nasdaq on Tuesday.
NEW YORK, Oct 3- Best Buy Co Inc:. *Shares up 4 percent in premarket trading. ( (New York Treasury Desk; Tel: 223 6300)).
*Australia trade deficit balloons unexpectedly. LONDON, Oct 3- The euro zone's economic woes increased last month and China's slowdown looked likely to extend to a seventh quarter, surveys showed on Wednesday, but there was better-than-expected news on U.S. jobs.
NEW YORK, Oct 3- Applications for U.S. home mortgages surged last week as demand for refinancing rose to the highest level in more than three years, driven by a drop in interest rates to yet another record low, data from an industry group showed on Wednesday.
The findings appear to indicate that wealthy investors are optimistic about the stock market and their financial well-being, said Una Osili, director of research for the Center on Philanthropy at Indiana University, which conducts the biennial study.
NEW YORK, Oct 3- Select seasonally adjusted historical data from Mortgage Bankers Association's weekly mortgage application survey:.
SAN FRANCISCO, Oct 3- California Governor Jerry Brown has a problem. Yet Molly Munger and Charles Munger Jr., children of Warren Buffett's business partner, Charles Munger, Sr., have together become Brown's worst nightmare as the November election approaches.
Mark Kalinowski of Janney Capital Markets raised DineEquity Inc.' s rating to "Buy" from "Neutral." Kalinowski also says that Wall Street will likely find DineEquity easier to understand once it closes on the sale of some Applebee's locations. DineEquity shares closed at $56.53 on Tuesday.
*Retail trade rises 0.1 pct in August from July. BRUSSELS, Oct 3- Retail sales in the euro zone barely rose in August as motorists cut back spending on fuel during the normally busy driving months of the European summer, worried about the economy's slide towards recession.
WASHINGTON-- U.S. service companies, which employ nearly 90 percent of the workforce, likely grew more slowly in September than August. Economists expect the Institute for Supply Management non-manufacturing index dipped to 53.5 in September, from 53.7 in August, according to a survey of economists by FactSet.
*China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices fell on Wednesday, as weak data from Europe and China dimmed the outlook for demand, while Europe's festering debt crisis added to the gloom. Brent November crude futures had fallen 96 cents to $110.61 a barrel by 1000 GMT.
LONDON-- Markets were subdued Wednesday as investors awaited a run of U.S. economic figures and after Spain's prime minister indicated his cash-strapped country would not request a bailout imminently.
*Tanzania claims 50 pct of lake, Malawi all of it. LILONGWE, Oct 3- Malawi has cut off dialogue with Tanzania in a long-time territorial dispute concerning Lake Malawi, thought to sit over highly coveted oil and gas reserves. Malawi claims sovereignty over the entirety of Africa's third largest lake, while Tanzania says 50 percent is part of its territory.
Oct 3- Malaysia's exports probably fell further in August, hit by weaker demand in China for its electronic products and lower commodity prices, economists polled by Reuters said, leaving the country more dependent on domestic demand to support growth.
*First female FTSE CEO to step down at year end. *Move sparks speculation of FT Group sale. The first female chief executive of a FTSE 100 company had previously declared that the famous pink-paged FT title would only be sold "over my dead body".
*Germany needs to put up with higher inflation. BUDAPEST, Oct 3- The world economy will take at least 10 years to emerge from the financial crisis that began in 2008, the International Monetary Fund's Chief Economist Olivier Blanchard said in an interview published on Wednesday.
LONDON, Oct 3- Blackstone has set up a joint venture with mid-sized rival Anacap to hunt for private equity deals in Europe's embattled banking sector, a person familiar with the situation said. Blackstone has a long track record of investing in financial services in the United States, but has found it more difficult to find banking investments in Europe.
The U.S. Labor Department will release employment data for September on Friday. Britain's FTSE 100 fell 0.1 percent to 5,801.45. Germany's DAX was less than 0.1 percent lower at 7,300.12 and France's CAC-40 lost 0.3 percent to 3,404.64.