EU stocks posted their first weekly loss in five weeks on Friday, hit by ongoing turmoil in the Ukraine and disappointment in the lack of action from the ECB.» Read More
*Alcoa beats expectations but cautions of slowdown. *Yum Brands defies China sluggish growth, raises outlook. NEW YORK, Oct 10- U.S. stocks dipped on Wednesday as earnings season began with Alcoa forecasting slower demand for aluminum, while a profit warning from Chevron weighed on the energy sector.
CAPE CANAVERAL, Fla., Oct 10- Astronauts plucked a commercial cargo ship from orbit on Wednesday and attached it to the International Space Station, marking the reopening of a U.S. supply line to the orbital outpost following the space shuttles' retirement last year.
MADRID/ PARIS, Oct 10- The leaders of France and Spain called for rapid progress towards a pan-European banking union, saying they hoped an EU summit on Oct. 18 would help promote that goal.
Greenpeace said two other anti-nuclear protesters left on their own after hiding at another plant on the eastern coast. Fifty others scaled the outer fences of the Forsmark reactor site, Greenpeace said. Two people remained at the Forsmark site even after the detentions, said Greenpeace spokeswoman Birgitte Lesanner said.
By Claire Ruckin and Tessa Walsh. LONDON, Oct 10- State-backed Irish Bank Resolution Corporation, the former Anglo Irish Bank, is considering selling a loan portfolio of up to 2 billion euros as part of its push to wind up its operations by 2020, banking sources said on Tuesday.
BRUSSELS, Oct 10- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Private equity firms Carlyle and BC Partners to acquire U.S. industrial pumps maker Hamilton Sundstrand Industrial which is owned by United Technologies Corp. OCT 22-- OAO VTB Bank and Corporate Commercial Bank.
*Dufry CEO says has contingency if Greece exits euro. ATHENS, Oct 10- Swiss retailer Dufry is to buy the duty-free operations of Greek rival Folli Follie, a rare vote of confidence in an economy deserted by other foreign companies concerned over its future in the euro.
ISSAQUAH, Wash.-- Costco is drawing more shoppers and signing up more new members, helping the wholesale club operator's fiscal fourth-quarter net income and revenue climb. Consumers have been drawn to stores like Costco, BJ's Wholesale Club and Sam's Club because they feel like they are getting bargains by purchasing items in bulk.
MADRID-- The Spanish Red Cross has launched its first ever campaign for donations to help people in the country hit by the economic crisis. The agency helped some 2 million in Spain last year, most of who needed aid because of the crisis. The agency set up collection points in cities across Spain and thousands of volunteers paced the streets seeking contributions.
October 10- Following are terms and conditions. of an FRN priced on Wednesday.
BERLIN, Oct 10- Germany denied responsibility for the failed merger of Airbus parent EADS and Britain's BAE Systems on Wednesday, but an official acknowledged that forming a world defence giant would have created difficulties in Berlin. "Germany alone did not block the merger.
FRANKFURT, Oct 10- The European Central Bank cannot solve the euro zone's debt problems and it is rather up to the bloc's member states to adapt and get their budgets on solid ground, ECB policymaker Peter Praet said.
The United States and the European Union have imposed sanctions on Iran to deter it from pursuing a nuclear weapons program. The U.S. has pressed India to scale back its imports of Iranian crude to support those sanctions, but energy-starved India remains one of Iran's biggest oil purchasers.
BRUSSELS, Oct 10- German Defence Minister Thomas de Maiziere dismissed on Wednesday suggestions that German objections were the main reason for the collapse of merger talks between European planemaker EADS and Britain's BAE Systems. I do not share it, "said de Maiziere, who was in Brussels for a meeting of NATO defence ministers.
*Group of 11 countries agree to impose transactions levy* Move to impose tax criticised by industry* Regulator warns of Europe's diverse regulation By John O'Donnell.
The weeklong program of panel discussions, speakers and demonstrations, which opened Monday, was the brainchild of Groupon co-founder Brad Keywell, who regards Chicago Ideas Week as a startup, albeit one that will never be publicly traded on Wall Street. The Chicago- based entrepreneur was briefly a billionaire after Groupon Inc.' s IPO last year.
NEW YORK-- Downbeat reports from Alcoa and Chevron at the start of a critical corporate earnings season pulled stock indexes lower for a third straight day Wednesday. Alcoa, the aluminum producer, beat Wall Street earnings estimates on Tuesday night but said it expects a slowdown in China to weaken demand for aluminum.
STOCKHOLM, Oct 10- Sweden's Financial Markets Minister Peter Norman said on Wednesday that new, tougher capital requirements for banks were likely to be in place at the middle of next year and not January as previously targeted. "We are beginning internal legislative work at the Finance Ministry that I hope will come into force in the middle of 2013.".
BERLIN, Oct 10- Germany's industrial interests are best served if planemaker EADS remains independent, Deputy Economy Minister Peter Hintze said on Wednesday after merger talks between EADS and Britain's BAE Systems collapsed.
Oct 10- Ring-fencing the investment banking or retail banking operations of major European banks could lead to greater ratings differentiation between legal entities in the same banking group, Fitch Ratings says.