NANCHANG, China— China's largest private property developer, the Wanda Group, has opened an entertainment complex it's positioning as competition for Disney and its $5.5 billion Shanghai theme park opening next month. Wanda executives unveiled their $3 billion "Wanda City" in the southeastern provincial capital of Nanchang on Saturday to thundering music... » Read More
The market's gains were held in check by a slump in energy stocks and Hewlett-Packard' s 11 percent drop. "The price action today seems boring, but the economic data is pretty strong," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.
*Announces receipt of "going private" proposal at $7.40 per share. *Board received proposal letter from CEO You-Bin Leng, unit of Morgan Stanley. bank about $50 million in debt financing.
Oct 3- C2C Industrial Properties Inc:. *Announces $17.5 million bought deal financing. *Says to use the net proceeds from the offering to fund potential future.
RALEIGH, N.C.-- Insurance companies want to increase North Carolina homeowner's policies by an average of nearly 18 percent next year. Insurance Commissioner Wayne Goodwin said Wednesday that consumers have until Oct. 19 to offer their views on the request by the North Carolina Rate Bureau, which represents insurance companies.
The Louis Vuitton showman thus capped an incredibly strong Paris fashion week _ with help from artist Daniel Buren _ by building a life-size shopping mall inside the Louvre. Understatement is not a word in Jacobs' vocabulary, so a collaboration with the minimalist artist _ who made the famed striped columns in Paris' Palais Royal _ might have raised eyebrows.
SAN FRANCISCO, Oct 3- Facebook Inc is letting users in the United States pay a fee to boost the visibility of their postings on the social network, the company's latest effort to look beyond advertisers for revenue.
NEW YORK-- Shares of Biolase Inc. soared Wednesday after the maker of medical lasers said that U.S. and European Union regulators have approved its newest dental laser.
NEW DEAL: Bristol-Myers Squibb and France's Sanofi are revamping their longtime partnership marketing some of their best-selling medications, blood thinner Plavix and blood pressure drugs Avapro and Avalide. THE TERMS: Bristol-Myers will keep selling Plavix in the U.S. through December 2019.
NEW YORK, Oct 3- U.S. "I think we're in a wait and see mode, we are awaiting minutes and then all eyes will be focused on the payroll data," said Sean Simko, senior portfolio manager at SEI Investments in Oaks, Pennsylvania.
READY, SET, HIKE: The top tax rate on long-term capital gains rises from 15 percent to 20 percent on Jan. 1 unless Congress acts. High-income earners face an additional new 3.8 percent Medicare tax on investment income. DON'T PANIC: Consider accelerating a sale of a stock, property or business with substantial capital gains that you already were planning.
The Food and Drug Administration said Wednesday it asked Teva to withdraw Budeprion XL 300 after new testing showed the drug releases its key ingredient faster than the original drug Wellbutrin XL 300, made by GlaxoSmithKline. The action contradicts the FDA's previous update on the issue in 2008, when regulators said the drugs are essentially the same.
Select changes in the top statutory tax rate on long-term capital gains in recent decades:. x- unless Congress alters a pending increase. Sources: Citizens for Tax Justice, Tax Policy Center.
Oct 3- Moody's says Slovenia's banking system outlook remains negative.
Oct 3- Standard& Poor's Ratings Services today said its issue-level rating on Loveland, Ohio- based integrated packaging solutions company Pro Mach Inc.' s credit facility is unchanged. The company is proposing to add $40 million to its existing $255 million credit facility, for an aggregate of $295 million.
AMSTERDAM, Oct 3- The Dutch central bank announced new plans for how pension funds should calculate their long-term liabilities on Wednesday, in a move that could reduce demand for long-term government debt.
Oct 3- Health insurer Highmark Inc wants a state court to block any possible deal talks with rivals involving Pennsylvania's West Penn Allegheny Health System, which last week ended a planned $475 million alliance with Highmark.
on Wednesday sold $1.35 billion of senior notes, said IFR, a Thomson Reuters service. Bank of America Merrill Lynch, Barclays Capital, Citigroup, J.P. Morgan and Scotia were the joint bookrunning managers for the sale.
Less than three months remain until the maximum rate of 15 percent on long-term gains rises to 20 percent unless Congress extends the Bush-era tax cuts. On top of that, the health care reform package imposes a new 3.8 percent Medicare tax on the investment income of high-income earners.