×

Top News & Analysis United States

  • By early afternoon in Europe, benchmark oil was down 28 cents to $92.11 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $3.06 on Tuesday to finish at $92.39 per barrel on concerns about supplies from the Middle East and the North Sea.

  • TOKYO, Oct 10- Toyota Motor Corp will recall 7.4 million vehicles globally, including certain Vitz, Yaris and Corolla models, due to malfunctioning power windows, the company said on Wednesday.

  • MELBOURNE, Oct 10- Australian shares slipped 0.3 percent on Wednesday, pulling back from 14- month highs after the IMF cut its growth forecasts for a second time, sending shares around most of the region lower. climbed 6 percent to $117.20 a tonne, its highest since Aug. 1, according to data provider Steel Index, taking gains to 12.5 percent over the past two days.

  • BANGKOK-- Worries about Europe's debt crisis, signs of weak global growth and expectations of lower U.S. corporate earnings sent most Asian stock markets down Wednesday.

  • *NATO says plans in place to defend Turkey from Syria. SINGAPORE, Oct 10- Brent crude slipped near $114 on Wednesday after a jump of 2 percent the previous day, with a cloudy economic outlook offsetting fears about disruptions to Middle East oil supply as a conflict between Turkey and Syria escalated.

  • PARIS, Oct 10- Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks. CAC40 futures are 0.4 percent lower at 0649 GMT PEUGEOT.

  • NEW YORK, Oct 10- Experimental Alzheimer's drugs from Roche Holding AG and Eli Lilly& Co have been selected for a high-profile clinical trial to test whether it is possible to prevent the brain-wasting disease from ever developing in at-risk patients.

  • U.S. crude was down 45 cents at $91.94 a barrel at 12:45 p.m. EDT, having swung from $91.57 to $93.66.

  • NEW YORK-- Accuride's stock plunged to an all-time low on Wednesday as the company said it would not do as well as it had thought this year. THE SPARK: Accuride, which makes parts for commercial vehicles, previously predicted a full-year loss of 5 cents to 12 cents per share.

  • IRVINE, Calif.-- Edwards Lifesciences Corp. said Wednesday it completed its acquisition of Bmeye BV, a Dutch company that develops products used in monitoring blood circulation and heart function, for about $42 million. Irvine, Calif.- based Edwards said the acquisition won't affect its income in 2012 and will cause a small reduction to its net income in 2013..

  • NEW YORK-- The departure of Best Buy's chief financial officer could signal the beginning of a broader executive shake-up and Janney Capital Markets said Wednesday that new leadership will bring change an innovation to the struggling electronics retailer. We already are seeing changes happen quickly at Best Buy, and we believe more changes are the way. "

  • *EIA sees 2012 gas output at record-high 68.85 bcfd* 2012 gas demand seen up 4.7 pct from 2011. NEW YORK, Oct 10- The U.S. Energy Information Administration said it expects domestic natural gas production in 2012 to be up nearly 4 percent from 2011' s record levels.

  • Gold hit a 2012 closing high of $1,796.50 per ounce on Oct. 4. Although prices have fallen since, several analysts expect gold to hit or top $1,800 an ounce in 2013..

  • NEW YORK, Oct 10- Prices for U.S. 30- year Treasury bonds trimmed losses to turn briefly flat on Wednesday, shortly before an auction of 10- year debt. Bond prices had fallen earlier in the day as traders reduced holdings to make room for $21 billon in 10- year note supply.

  • Oct 10- Former General Motors Co Vice Chairman Robert Lutz has joined the board of a steel materials design company in which the U.S. automaker has invested, NanoSteel Co Inc said on Wednesday. Prior to GM, Lutz was president of Chrysler Corp, which is now controlled by Fiat, and he held executive positions with Ford Motor Co and BMW.

  • *Value of shipments lowest since December 2011. MANILA, Oct 10- The Philippine's annual exports fell by the most in eight months in August, casting doubt on the government's 2012 export growth goal and increasing the pressure on the central bank to ease policy further to support the trade-reliant economy.

  • Oct 10- San Antonio Electric and Gas Systems, Texas:.

  • --Wilmington, N.C.- based contract research organization Pharmaceutical Product Development LLC is issuing $500 million in notes that, together with $115 million in cash, the company will use to fund a sponsor dividend. --At the same time, we are assigning PPD's proposed $500 million PIK option notes a' CCC+' rating with a recovery rating of' 6'.

  • Oct 10- H&R Block Inc, the biggest U.S. tax preparer, said it is exploring strategic alternatives for its small banking operation to avoid a looming sharp rise in costs associated with the introduction of stricter supervision under the Dodd-Frank Act.