GENEVA— The new CEO of Credit Suisse has proposed that its board make a "significant" cut in his bonus after the Swiss bank posted disappointing earnings last week and announced 4,000 job cuts. An e-mail from Credit Suisse's press office said he proposed the biggest cut among the bank's management team because "I cannot demand sacrifices from others and not make...» Read More
HOUSTON-- The electric power producer Dynegy Inc. has emerged from Chapter 11 bankruptcy protection. Dynegy filed for Chapter 11 in July after years of falling electricity prices and debt that surpassed $5 billion last year. As part of the restructuring, Dynegy Holdings and Dynegy Inc. were combined on Sept. 30.
VATICAN CITY, Oct 2- A Vatican judge on Tuesday ordered an investigation of the Holy See's police force after Pope Benedict's former butler said he was held in a tiny room with the light on constantly for the first few weeks of his detention.
SAN FRANCISCO, Oct 2- Professional social network LinkedIn Corp will let its users "follow" and receive updates from people outside their personal contact list, a move that could entice users to spend more time on its website.
Oct 2- Core Laboratories NV:. *FBR cuts Core Laboratories NV price target to $110 from $133; rating. Reuters Station users, click. 1568.
*FBR cuts International Rectifier Corp to market perform from. *FBR cuts Intel Corp price target to $24 from $26; rating market perform. *FBR cuts Fairchild Semiconductor price target to $17 from $18; rating.
NEW YORK, Oct 2- Redbook Research on Tuesday released the following seasonally adjusted weekly data on U.S. chain store sales:.
COLUMBUS, Ohio-- Shares of Express declined 17 percent in premarket trading Tuesday after the clothing retailer cut its forecast for the current quarter because of fewer shoppers in September and heavy discounting.
ISTANBUL, Oct 2- Turkish industrial group Yildirim Holding is buying a majority stake in lender Isbank's. Gemport said on Tuesday Yilport, a unit of Yildirim Holding, had signed an agreement to buy a 54 percent stake in Gemport from Isbank.
Oct 2- Cell Therapeutics Inc said U.S. health regulators granted orphan drug status to its brain cancer drug, sending the company's shares up 26 percent in premarket trading. It is estimated that there will be 10,000-12,000 new cases of GBM diagnosed in the United States this year alone, the company said, citing data from the National Cancer Institute.
NEW YORK, Oct 2- Illumina Inc:.
Oct 02- Standard& Poor's Ratings Services said today that it had lowered its issue rating to' A+' from' AA-' on the EUR40 million floating rate medium-term notes, due Feb. 16, 2017, issued in February 2010 by Fortis Bank N.V.
Oct 02- Investkredit Bank AG& Oesterreichische Volksbanken AG.
WARSAW, Oct 2- Environmental group ClientEarth, which has been opposing the construction of a 11.6 billion zloty coal-fired power plant by Polish utility PGE, may again move to block the project, a ClientEarth representative told Reuters.
Oct 2- Genesis Energy LP:. *L.p. prices secondary offering by selling unitholders. *Says the secondary offering priced at $32.15/ unit.
TEHRAN, Iran-- Iranian lawmakers have signed a petition to summon President Mahmoud Ahmadinejad to parliament for questioning over the rapid drop in the value of the country's currency. Iran's currency fell again Tuesday, hitting a record low of 34,500 rials against the U.S. dollar. It was 29,500 rials to the dollar Sunday.
LJUBLJANA, Oct 2- When Slovenia joined the euro in 2007 it had the fastest growth in the currency area and its 2 million inhabitants had some of the highest living standards in eastern Europe. Slovenia could become the first to ask for a bailout. "Slovenia was the best performer and a frontrunner among the new EU members.
Oct 2- U.S. retail sales should rise 4.1 percent this holiday season, slower growth than in the past two years as mixed economic data and political uncertainty weigh on consumers, the world's largest retail trade association said. The forecast released on Tuesday by the National Retail Federation puts sales at $586.1 billion in November and December.
Oct 2- CNO Financial Group Inc:. *Announces expiration and final results of its tender offer and consent. purchase of notes on September 28, 2012.
CARACAS, Venezuela-- Venezuelan President Hugo Chavez pledged to redouble his efforts to create a socialist system if re-elected in Sunday's election, saying the next six-year term would bring bigger changes.