×

Wires

  • MILAN, Oct 30- Fiat SpA sharply cut its performance targets for the next two years, saying languishing sales in austerity-hit Europe may lop off a third of its previous projections for 2014 trading profit.

  • Oct 30- Hospital operator Community Health Systems Inc reported third-quarter profit that exceeded analysts' estimates, but it trimmed its full-year profit forecast due to higher interest expense and a delayed payment from a California Medicaid program.

  • TOKYO, Oct 31- Japan's Nikkei share average was seen moving higher on Wednesday after losing 1 percent on profit-taking a day earlier when the Bank of Japan eased monetary policy in line with expectations. ``Since the reaction to the BOJ was fully priced in yesterday, I think we should bounce back today,'' said Toshiyuki Kanayama, senior market analyst at Monex. ``The index should be steady, with some small gains, although there's a lack of incentives because the U.S. wasn't open.'' Market players said the Nikkei was likely to trade between 8,850 to 8,950 on Wednesday.

  • *NYSE, Nasdaq OMX testing trading systems on Tuesday. NYSE Euronext said the New York Stock Exchange would open as usual, although it was prepared to switch to fully electronic trading if necessary. ``We have a green light,'' the chief operating officer of NYSE Euronext, Larry Leibowitz, said in an interview.

  • NEW YORK, Oct 30- As residents and businesses clean up from one of the worst storms to hit the U.S. East Coast in memory, investors are preparing for the stock market reaction by betting on or against insurers, casino companies and home improvement stores.

  • LOS ANGELES, Oct 30- Walt Disney Co agreed to buy filmmaker George Lucas's Lucasfilm Ltd and its ``Star Wars'' franchise for $4.05 billion in cash and stock, a b lockbuster deal that includes the surprise promise of a new film in the series in 2015..

  • Late Tuesday, Port Authority of New York and New Jersey said it was possible that there would be limited service on Wednesday at John F. Kennedy International Airport. Airlines said they planned to restart service Tuesday at some East Coast airports, including Boston and Philadelphia.

  • MEXICO CITY, Oct 30- Mexico's president-elect, Enrique Pena Nieto, will present a tax reform bill during his first year in office, his top aide said on Tuesday, without providing any details on the plan.

  • DETROIT, Oct 30- Sergio Marchionne, chief executive of both Fiat SpA and Chrysler Group LLC, said he wants to achieve ``unification'' of the two automakers by 2015, b ut first he needs to fix Fiat's finances, which have been hit by a sagging European economy.

  • SAO PAULO, Oct 30- TIM Participaçoes, Brazil's second-largest wireless phone company, posted flat third-quarter profit on Tuesday, as a subscriber base bigger than a year ago helped make up for a recent slowdown in sales and costs associated with growing regulatory pressure.

  • SYDNEY, Oct 31- The yen drifted off a one-week high against the dollar on Wednesday thanks to a general improvement in risk appetite, paring gains made after the Bank of Japan balked at delivering bolder action to kickstart growth.

  • *Greece slashes privatisation revenue targets. ATHENS, Oct 30- An overwhelming majority of Greek Socialist lawmakers have agreed to vote in favour of contested austerity reforms, party officials told Reuters on Tuesday, sharply increasing the odds of securing parliamentary approval for the measures.

  • OTTAWA, Oct 30- There are signs that Canada's soaring household debt and its heated housing market- two of the biggest headaches for the country's policymakers- are decelerating, Bank of Canada Governor Mark Carney said on Tuesday.

  • Oct 30- Citigroup Inc said it was ready for markets to re-open on Wednesday despite power outages in the waterside neighborhood where it is located and flood damage in a building where its investment bankers work. It is also used by Citigroup's transaction services unit, which caters to corporations and governments around the world.

  • SAN FRANCISCO, Oct 30- Video game publisher Electronic Arts Inc forecast third-quarter earnings below Wall Street targets on Tuesday after its ``Medal of Honor: Warfighter'' title fell short of expectations for a crowded holiday season.

  • BUENOS AIRES, Oct 30- Argentina was hit by a sovereign credit ratings downgrade on Tuesday after the government blasted a U.S. court ruling that would force the country to repay creditors who have sued to collect on defaulted bonds.

  • *Kodak hopes to emerge from bankruptcy in 2013. Oct 30- Eastman Kodak Co on Tuesday said its third-quarter loss grew 41 percent from a year earlier, reflecting restructuring and other costs as the bankrupt camera pioneer shifts its business focus toward printing from photography.

  • NEW YORK- Millions of people were left reeling in the aftermath of monster storm Sandy on Tuesday as New York City and a wide swathe of the eastern United States struggled with epic flooding and massive power outages.

  • *Philadelphia's 330,000- bpd refinery restarting. *Hess 70,000- bpd NJ refinery, Imperial plant suffer outages.