HONG KONG, July 25- China's yuan edged higher on Monday but stayed within sight of last week's near-six year low against the dollar as investors worried that improved economic activity in the June quarter was a blip with weakness likely in coming months. "Our broad China macro views have not changed: we expect growth to decelerate in the second half as the credit... » Read More
*US says bank sold toxic loans to Fannie Mae, Freddie Mac. NEW YORK, Oct 24- The United States filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac.
NEW YORK, Oct 24- Gold fell on Wednesday to just above $1,700 an ounce, after the U.S. The metal, which briefly dropped below $1,700 an ounce earlier in the session, has been pressured by worries about a U.S. economic slowdown which also slammed equities and commodities this week.
SAN FRANCISCO, Oct 24- Zynga Inc raised the lower end of its 2012 earnings outlook on Wednesday as the company reported a slight uptick in revenue that beat the Street's rock-bottom expectations.
*Q3 adjusted EPS 71 cents vs Wall St view 66 cents. Oct 24- IAC/InteractiveCorp easily beat quarterly expectations on the strength of its search business but its shares slumped, which the company said was due to a misinterpretation of its forecast by FactSet Research Systems.
DALLAS-- Trinity Industries Inc.' s shares fell in after-hours trading Wednesday after the industrial manufacturer said that manufacturing investments would hurt its performance for the remainder of the year. The Dallas- based company's net income nearly doubled to $63.2 million, or 80 cents per share, for the period that ended Sept. 30.
NEW YORK, Oct 24- The dollar held gains against the euro o n Wednesday after t he Federal Reserve p rovided no surprises at its policy meeting, sticking to its st imulus plan to boost a still sluggish U.S. economy and keeping rates low for some time.
Crude oil stocks in the United States jumped 5.9 million barrels last week, the U.S. Energy Information Administration said in a weekly report, well above the increase of 1.9 million barrels in a Reuters survey of analysts.
WASHINGTON, Oct 24- President Barack Obama says he's confident that if re-elected he will secure within six months a deficit-reduction deal with Republicans equivalent to the ``grand bargain'' he failed to achieve last year. After the newspaper complained in a blog, the White House relented and released a transcript of the interview on Wednesday.
*Treasury auctions $35 billion of 5- year notes. NEW YORK, Oct 24- Prices of U.S.
LOS ANGELES-- Ryland Group Inc. said Wednesday it returned to a profit in the third quarter, as the homebuilder sold more homes and benefited from higher prices. The results trumped Wall Street's expectations, sending shares in the Westlake Village, Calif., company up more than 5 percent in after-hours trading.
SEATTLE-- A Seattle real-estate developer who vanished with his wife after a judge demanded they hand over two huge diamonds was arrested Wednesday in a lake town in the French Alps. Police arrested Michael Mastro, 87, and his wife, Linda, at the request of American authorities, said Kayla Celaya, a supervisory deputy with the U.S.
CLEVELAND-- Cliffs Natural Resources Inc. said Wednesday its third-quarter net income dropped nearly 86 percent as the mining company saw a steep drop in the price of iron ore, and higher labor and mining costs.
Oct 24- Now we have the pre-election Federal Reserve meeting out of the way, we can go back to worrying about the real issue. Not who will be president, but who that president will slot in to park in Ben Bernanke's parking spot when his term as Federal Reserve Chairman runs out in January 2014.
*Vote follows FDA approval in June. CHICAGO, Oct 24- Advisers to the U.S. Centers for Disease Control and Prevention voted on Wednesday to recommend the use of GlaxoSmithKline's newly approved vaccine for bacterial meningitis in babies at increased risk of the infection.
SYDNEY-- One of Australia's largest banks, ANZ Banking Group Ltd., posted a 6 percent rise in full year profit to a record 5.7 billion Australian dollars on Thursday as it grew earnings from its domestic and international operations.
*US says bank sold toxic loans to Fannie Mae, Freddie Mac. *Bank of America not immediately available for comment. NEW YORK, Oct 24- The United States filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac.
*Copper ends near 6- week lows, gold slips below $1,700. NEW YORK, Oct 24- Brent crude fell for a seventh straight session on Wednesday, hitting 12- week lows after a sharp build in U.S. oil stockpiles, while most other commodities slid too as the dollar remained strong against the euro. Wheat futures hit one-month highs in Europe and a three-week peak in Chicago trade.
*SAN FRANCISCO FED PRESIDENT JOHN WILLIAMS, Oct. 15 ``In no way has our commitment to price stability wavered.''.
*Wall St falls after end of two-day Fed policy-making meeting. NEW YORK, Oct 24- Global shares fell on Wednesday after the Federal Reserve stuck to its plan to keep stimulating U.S. growth, while the euro slipped on signs that the euro zone is heading toward a deeper recession than previously feared.
NEW YORK, Oct 24- Westinghouse Electric Co, a unit of Japan's Toshiba Corp, will rely on Intel Corp's McAfee unit to prevent network intrusions into nuclear power plants that it builds, the two companies said on Wednesday.