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  • TORONTO— Canadian plane maker Bombardier has a sold a majority stake in its C Series passenger jet business to European aerospace giant Airbus. The move comes after the U.S. Commerce Department imposed harsh duties on Bombardier, charging the Canadian company is selling the C Series planes in America below cost. The U.S. recently announced it would impose an 80...

  • WASHINGTON, Oct 16- Japanese Finance Minister Taro Aso said on Monday he agreed with U.S. Treasury Secretary Steven Mnuchin to closely cooperate on sanctions against North Korea. Aso, who is also deputy prime minister, held talks with Mnuchin on the sidelines of the second rouund of bilateral economic dialogue.

  • AIRBUS TO ACQUIRE MAJORITY STAKE IN BOMBARDIER'S CSERIES- BOMBARDIER STATEMENT.

  • Oct 16- Regeneron Pharmaceuticals Inc and Sanofi SA said on Monday their drug to treat inflammation in the esophagus, mainly caused by food allergies, met the main goal of a mid-stage study. The U.S. Food and Drug Administration in late-March approved dupilumab to treat adults with moderate-to-severe eczema. The drug is marketed under the trade name Dupixent,...

  • Oct 17- Japan's Kobe Steel Ltd falsified product quality data well beyond the roughly 10- year time frame given by the steelmaker, the Nikkei financial daily reported, citing a source with knowledge of the situation. Kobe Steel Chief Executive Hiroya Kawasaki on Friday said about 500 companies had received its falsely certified products, more than double its...

  • Oct 16- Ocean Rig UDW's top investor Elliott Management on Monday urged the offshore driller to hire advisers to review opportunities including possible strategic deals. Elliott said it planned to rope in Ocean Rig's second-biggest investor, BlueMountain Capital, in the efforts. The activist hedge fund disclosed a 20.4 stake in the company earlier this...

  • Oct 16- Activist investor RBR Capital Advisors is launching a campaign for breaking up Swiss bank Credit Suisse Group AG into three parts, the Financial Times reported on Monday. RBR Capital Advisors will reveal its plan later in the week at a conference in New York, the report added. Earlier this year, RBR Capital Advisors launched a campaign against Swiss money...

  • *McKinsey apologises to South Africa for role in scandal. JOHANNESBURG, Oct 17- McKinsey said on Tuesday it was embarrassed by errors it made while working with South African utility Eskom on a 1.6 billion rand contract that is being investigated by parliament and police over allegations of fraud. The Gupta brothers, who work with Zuma's son, Duduzane, were...

  • WASHINGTON— Interest rates on short-term Treasury bills rose in Monday's auction with rates on six-month bills climbing to their highest level in nine years. The Treasury Department auctioned $42 billion in three-month bills at a discount rate of 1.090 percent, up from 1.085 percent last week. For a $10,000 bill, the three-month price was $9,972.45 while a...

  • WASHINGTON— Figures on government spending and debt in millions of dollars.

  • Oct 16- Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television expands globally. The company known for original TV shows such as " House of Cards" is spending heavily to produce and acquire content as it races to...

  • Oct 16- Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television expands globally. The company known for original TV shows such as " House of Cards" is spending heavily to produce and acquire content as it races to...

  • Oct 16- Ocean Rig UDW's top investor Elliott Management on Monday urged the offshore driller to hire advisers to review "opportunities" including possible strategic deals. Elliott disclosed a 20.4 stake in the company earlier this month after it completed restructuring in September. Ocean Rig filed for Chapter 15 bankruptcy protection in a U.S. court in March,...

  • Oct 16- Sears Holdings Corp on Monday said that Bruce Berkowitz, head of the company's second-biggest investor, resigned from the board of directors less than two years after he sought a seat to help turn the struggling department store chain around, sending Sears stock down as much as 15 percent. The decision by Berkowitz, the head of investor fund Fairholme...

  • DEFIANCE, Ohio _ First Defiance Financial Corp. on Monday reported third-quarter earnings of $9.4 million. On a per-share basis, the Defiance, Ohio- based company said it had profit of 92 cents. The holding company for First Federal Bank of the Midwest posted revenue of $37.6 million in the period.

  • The British firm has previously linked Lazarus to last year's $81 million cyber heist at Bangladesh's central bank, as have other cyber firms including Russia's Kaspersky Lab and California- based Symantec Corp.. BAE's claim that Lazarus is likely responsible for the hack on Taiwan's Far Eastern International Bank demonstrates that North Korea continues...

  • TORONTO, Oct 16- Canada's benchmark stock index edged lower on Monday, giving up its earlier gains, as profit-taking by investors in gold pressured shares of companies that mine the precious metal. Gold, which had been boosted this month by tensions over Iran and North Korea, retreated 0.8 percent to $1,291.90 an ounce. In contrast, shares of copper producer First...

  • DAYTONA BEACH, Fla. _ Brown& Brown Inc. on Monday reported third-quarter earnings of $75.9 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. Five analysts surveyed by Zacks expected $474.2 million.

  • NEW YORK— Shares of Sears Holdings Corp. have tumbled after the ailing retailer announced that an executive of the company's second largest shareholder was resigning from is board. Sears has lost more than $10 billion over the past six fiscal years while struggling to keep pace with competitors like Walmart. Sears' shares fell nearly 12 percent, or 78 cents, to...

  • WASHINGTON, Oct 16- The United States and Japan made tentative progress on some long-standing trade irritants on Monday, during economic talks at which leaders emphasized cooperation at a time when North Korea is building up its nuclear capabilities. President Donald Trump stops in Tokyo during his first trip to Asia- a tour expected to focus on how to further...