--Private equity firm New Mountain Capital has agreed to acquire Coral Springs, Fla.- based ABB/Con-Cise Optical Group LLC. Rating Action On Oct. 10, 2012, Standard& Poor's Ratings Services assigned its preliminary' B' corporate credit rating to Coral Springs, Fla.- based ABB/Con-Cise Optical Group LLC.
MIAMI-- A section of a parking garage under construction at a community college collapsed Wednesday, killing two people and trapping two others in the rubble, officials said. At least 10 other workers were hurt when the roof of the five-story concrete garage fell, creating a pancake-style collapse on the campus of Miami-Dade College, officials said.
Oct 10- PrivateBancorp Inc plans to raise about $200 million to repay the bailout funds it received from the U.S. PrivateBancorp will raise $75 million in an underwritten public offering of its common stock and the rest in debt, the company said. PrivateBancorp shares were down about 2 percent in extended trade.
With Europe moving back into recession and trade having retreated a bit, import prices should provide little inflation threat. Oil is unlikely to make any significant breaks upward with headwinds to demand still fierce in the U.S. and Europe. " IFR COMMENTARY: "We look for the trade deficit to have come back up from $42.0 bln to about $44.5 bln in August.
NEW YORK-- Standard& Poor's is downgrading Spain's credit rating two notches to agency's lowest investment-grade level. S&P cited Spain's economic recession, high unemployment and social unrest. Spain's economy is shrinking and its banks are struggling under the weight of a collapsed real-estate market.
*Chamber, API say SEC failed to weigh costs/benefits. *SEC rule was required by Dodd-Frank law. In the latest legal challenge to a rule required by the 2010 Dodd-Frank Wall Street reform law, the groups including the Chamber of Commerce and the American Petroleum Institute allege that the SEC failed to properly weigh the rule's costs and benefits.
HONOLULU-- Average hotel room prices hit an all-time high in Hawaii in August as tourist spending rose and visits from Japan, Korea, China and other markets spiked, a tourism analysis firm said Wednesday.
MARYVILLE, Tenn.-- Ruby Tuesday Inc. said Wednesday that its net income declined in the fiscal first quarter ended Sept. 4 on costs related to its search for a new CEO. Investors were not impressed, and Ruby Tuesday shares lost 51 cents, or 7.3 percent, to $6.51 in after-hours trading.
*Turkey warns Syria about cross-border shelling. Oil markets, which have been balancing concerns of lower global fuel demand against the risk of supply disruptions in the Middle East and loading delays of crude from the North Sea, also.
WASHINGTON, Oct 10- Dallas Federal Reserve President Richard Fisher said on Wednesday that he would like the U.S. central bank to drop its dual focus on employment and inflation and concentrate solely on ensuring price stability.
Oct 10- Standard& Poor's Ratings Services said today that it has assigned its' BBB+' issue rating to ERAC USA Finance LLC's notes, rule 144 A offerings without registration rights. ERAC's parent, Enterprise Holdings Inc., guarantees the notes. --Summary: Enterprise Holdings Inc., Sept. 25, 2012.
NEW YORK, Oct 10- Standard& Poor's on Wednesday cut Spain's sovereign credit rating to BBB-minus, just above junk territory, citing a deepening economic recession that is limiting the government's policy options to arrest the slide. S&P's two-notch downgrade from BBB-plus brings it in line with Moody's Investors Service's Baa3 rating.
Oct 10- Fitch Ratings has affirmed RBS Securities Inc.' s' A-' Long-term Issuer Default Rating and' F1' short-term IDR. RBSSI is a wholly owned indirect subsidiary of The Royal Bank of Scotland Group plc. Today's rating action on RBSSI was taken in conjunction with Fitch's global trading and universal bank periodic review, which included the RBS Group.
CHICAGO-- Mayor Rahm Emanuel proposed a new city budget Wednesday that he says will put more police officers on Chicago's streets and more kids in early childhood education without raising taxes or fees. But he warned that without pension reform from Springfield, the financial gains the city has made "will go out the window."
BOSTON, Oct 10- Two Boston-area pharmacy companies that share common ownership with the company at the center of a deadly U.S. meningitis outbreak plan to cease operations temporarily as a precautionary move, Massachusetts health officials said on Wednesday.
NEW YORK-- Shares of Barnes& Noble rose Wednesday after the CEO said advance orders of its new Nook e-readers are much higher than for past Nook devices. That's good news because Barnes& Noble, the largest traditional U.S. bookseller, is investing heavily in its e-book readers and digital library to ward off tough competition from online retailers and discounters.
WASHINGTON, Oct 10- The head of the Federal Trade Commission said his agency is "keenly aware" of record-high gas prices in California, and will not hesitate to pursue any violations of antitrust and anti-manipulation laws. Prices surged more than 50 cents a gallon last week and wholesale premiums rose nearly a dollar after refinery mishaps pinched supplies.
Toyota is recalling 7.43 million vehicles worldwide to fix faulty power-window switches. Here is a timeline of the earlier safety woes at Toyota:. _ Oct. 5, 2009: Toyota recalls 3.8 million Toyota and Lexus vehicles in the U.S. because floor mats could catch the gas pedal.
Fed Governor Daniel Tarullo said it was unfortunate that the SEC, the primary regulator of the$ 2.6 trillion i ndustry, has so far failed to advance new rules for the market that since the financial crisis has been seen as posing a systemic risk.