SYDNEY, Aug 28- Copper edged down in Asian trading on Friday following strong gains overnight, but traders said the metal remained underpinned by a second day of resurgent Asian equities and higher oil prices. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the...» Read More
Former General Electric CEO Jack Welch set off a wave of conspiracy theories Friday by tweeting, "Unbelievable jobs numbers.. these Chicago guys will do anything.. can't debate so change numbers." "Chicago" refers to President Barack Obama's campaign headquarters. " _ "If there's anyone who knows about slashing American jobs, it's Jack Welsh.
*France's Lactalis took control of Parmalat in 2011. MILAN, Oct 5- Italian food group Parmalat, controlled by French cheesemaker Lactalis, on Friday denied a newspaper report about a possible delisting of its shares.
Cape Canaveral, Fla., Oct 5- Space Exploration Technologies, the first private company to fly to the International Space Station, is poised to launch its initial cargo mission to the orbital outpost as part of a $1.6 billion contract with NASA to deliver supplies.
*Supportive U.S. data offset by weak China, Europe reports. NEW YORK, Oct 5- Oil prices fell in volatile trading on Friday and posted weekly losses as a fragile global economy and uncertainty about Europe's debt crisis offset support from a better-than-expected U.S. employment report.
FAIRFAX, Va., Oct 5- President Barack Obama on Friday hailed a drop in the U.S. jobless rate to the lowest level since he took office, saying the country had "come too far to turn back now," as he sought to recover from a lackluster debate performance against Republican challenger Mitt Romney.
BOZEMAN, Mont.-- More than a dozen eastern Montana landowners filed a lawsuit Friday against Exxon Mobil Corp. claiming the company ignored warnings before a pipeline break that spilled an estimated 1,500 barrels of crude oil into the Yellowstone River. Exxon Mobil spokesman Patrick Henretty said the company had not received the lawsuit.
SANTA ANA, Calif.-- The operator of a California business where the public can store wine bottles has been charged with stealing nearly $3 million in vintage wines from clients' storage lockers. Osumi's arraignment in Orange County Superior Court was postponed from Friday until Nov. 2.
ABINGDON, Va.-- The cheering stopped on Mitt Romney's campaign plane Friday morning. The day before, aides had whistled and clapped when the Denver control tower commended the Republican presidential nominee's debate performance.
NEW YORK-- Insurance giant American International Group Inc. said Friday it has agreed on terms of an amended four-year, $4 billion credit facility. Thirty-four banks took part in the facility, with units J.P. Morgan Securities and Citigroup Global Markets acting as leads.
The unemployment rate's sharp fall in September, reported a month before the election, led some Republicans to question whether the numbers had been manipulated to benefit President Barack Obama. They noted that the report is prepared under tight security with no White House input or supervision.
Spain's banks and government are struggling as the country suffers through its second recession in three years and its overall unemployment rate is at nearly 25 percent.
LONDON-- James Bond lovers have spent thousands of pounds for pieces of memorabilia from the spy movies at a London auction. Among the items under the hammer Friday in London was the complete works of Ian Fleming, Bond's creator. A navy, wool Tom Ford suit worn by Daniel Craig in the new Skyfall film due out on Oct. 26 sold for 46,850 pounds.
Oct 5- David's Bridal Inc. sold $270 million of senior unsecured notes on Friday in the 144 a private placement market, said IFR, a Thomson Reuters service. Morgan Stanley, Bank of America Merrill Lynch, Barclays Capital, Goldman Sachs, Credit Suisse and Deutsche Bank were the joint bookrunning managers for the sale.
*Local NUM leader shot dead near Lonmin. Later on, a trade union leader was shot dead near a mine run by platinum producer Lonmin in a potentially explosive escalation of the two-month-old violent labour unrest that took the death toll to 49..
Among the stock activity stories for Friday, Oct. 5, from AP Business News:. _ Shares of Glu Mobile Inc. sold off after Zynga Inc., another online games developer, slashed its guidance. But one analyst says Glu should benefit from Zynga's problem: Gamers' shift from computers to phones.
NEW YORK, Oct 5- U.S. crude futures fell 2 percent on Friday and posted a loss for the week as a fragile global economy and uncertainty about Europe's debt crisis countered any support from a better-than-expected U.S. employment report. For a complete report on oil markets, double click on. SETTLE NET PCT LOW HIGH CURRENT DAY AGO CHNG CHNG VOL VOL.
Among the stock activity stories for Friday, Oct. 5, from AP Business News:. _ Shares of business software maker Informatica Corp. made a small rebound after losing more than 20 percent of their value a day earlier following the company's disappointing third-quarter forecast.
The FDA said Friday that a recent inspection found salmonella in the plant which produced Trader Joe's Valencia Creamy Peanut Butter and many other nut butters and nut products for several large national grocery chains. FDA has found problems at Sunland before.
PORTLAND, Ore.-- Schmitt Industries Inc. said Friday that President James Fitzhenry will replace Wayne Case as CEO. Fitzhenry, 57, has been president of the company since June 2009. It reported $14.4 million in revenue in its most recent fiscal year.
Oct 5- Southern Graphics Inc on Friday sold $210 million of senior notes in the 144 a private placement market, said IFR, a Thomson Reuters service. Deutsche Bank, Credit Suisse, Bank of America Merrill Lynch and Goldman Sachs were the joint bookrunning managers for the sale.