*FTC says some literally true claims can be misleading. WASHINGTON, Oct 1- Advertisers who try to entice customers with promises that their products are "green" or "eco-friendly" could quickly get in hot water with regulators if they cannot prove it, the Federal Trade Commission said on Monday.
Oct 1- Standard& Poor's Ratings Services said today that it assigned its' BB' issue-level rating and' 4' recovery rating to Monroe, La.- based incumbent telephone company CenturyLink Inc.' s.
NEW YORK-- Shares of Allscripts Healthcare Solutions Inc. continued to rise Monday as Wall Street evaluated a report that the electronic health records company may sell itself to a private buyer. THE SPARK: Bloomberg News reported Friday that Allscripts is considering a sale and had engaged Citigroup Inc. as it considered its options.
TORONTO, Oct 1- Air Canada, the country's largest airline, said on Monday it would transfer its fleet of 15 73- seat Embraer 175 aircraft to privately-held Sky Regional Airlines Inc next year, part of its cost-cutting push.
WASHINGTON, Oct 1- A precipitous drop in Iran's currency, the rial, shows that sanctions are cutting "deeper and deeper" into its economy, the United States said on Monday, reiterating Iran must rein in its nuclear program.
AMEX PAYING REFUNDS, FINES: American Express is paying $112.5 million in refunds and fines to settle regulators' accusations that it charged illegal late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services. DECEPTIVE PRACTICES: Four federal agencies and Utah regulators reached settlements with the company.
On Sunday, a report from a news website "Freebeacon," that describes itself as an alternative to "the professional left," said that Chinese hackers had breached a White House military system. The White House would not identify the group responsible for the attack, or give specifics about its timing and target.
*China's factory activity shrinks for 2nd month in Sept. NEW YORK, Oct 1- Brent crude slipped on Monday in light, choppy trading as oil markets balanced better-than-expected U.S. manufacturing data against signs of economic weakness in Asia and evidence of a new recession in the debt-saddled euro zone.
Oct 1- BMC Software Inc is looking to sell itself and has retained Bank of America Merrill Lynch to help find a buyer, the Wall Street Journal reported Monday. The company's shares were up 4.3 percent at $43.26 in afternoon trade on the Nasdaq.
Oct 1- Fitch Ratings has affirmed the' A' Issuer Default Rating on Mercury General Corporation. Additionally, Fitch has affirmed the' A' IDR on MCY's subsidiary, Mercury Casualty Co., and' A' rating on Mercury Casualty's secured senior bank debt.
Oct 1- Fitch Ratings affirms the' BB-' rating on Terra-Gen Finance Company, LLC's $250 million term loan facility and $60 million working capital facility. The Rating Outlook is revised to Negative. --Contracted Revenue Base: Revenues are primarily derived from projects with fixed-price power purchase agreements with Southern California Edison.
Gold 1787.00 Silver 34.350 Gold 1770.69 Light Crude 92.48---------------------------------------------------------------- vernight market action with latest New York figures. NEW YORK- U.S. stocks pared gains, with the Nasdaq turning negative on Monday as Federal Reserve Chairman Ben Bernanke delivered a broad defense of the central bank's controversial bond-buying stimulus plan.
*Fisker CEO says the Atlantic sedan, the company's second model, will be built. on a new platform that can be used to build cars for different global markets. *Fisker CEO, when asked about being acquired, says company has had discussions.
*Lobo succeeds interim CEO Curt Hartman* Hartman to leave company* CEO search had been underway since February* Stock falls 0.4 pct in midday trading By Toni Clarke. Oct 1- Medical device maker Stryker Corp on Monday named Kevin Lobo, head of its orthopedics unit, as president and chief executive following an eight-month search.
INDIANAPOLIS, Oct 1- Federal Reserve Chairman Ben Bernanke on Monday delivered a broad defense of the U.S. central bank's controversial bond-buying stimulus plan, saying it is necessary to support a flagging economic recovery.
HOUSTON-- Noble Energy says that Hurricane Isaac hurt its production, but its activity in the Gulf of Mexico is back to levels from before the storm. Based on this, Noble Energy Inc. now anticipates its quarterly volumes will be at the low end of its prior forecast for a range of 242 to 250 million barrels of oil equivalent per day.
The Supreme Court struggled with all types of questions Monday as it tried to figure out what kind of floating structures fall under maritime law, a question that could have a profound impact on popular businesses like floating casinos, hotels and restaurants.
WASHINGTON-- The Washington Post Co. is getting into the health care business with the purchase of a majority stake in Celtic Healthcare Inc., a provider of home health care and hospice services. Mars, Pa.- based Celtic provides home health care and hospice services in Pennsylvania and Maryland.
NEW YORK-- Marriott International Inc. should shed some light on the health of the hotel sector when it reports earnings for the third quarter after the market closes on Wednesday. Three months ago, Marriott said it could boost earnings this year through higher bookings and rates despite slowing growth overseas.
*Irene Tse ran North America unit of troubled unit. NEW YORK, Oct 1- Another top executive at the JPMorgan Chase& Co unit that lost $5.8 billion on derivatives trades this year is leaving the company.