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  • CHICAGO, Oct 18- Campbell Soup Co interim Chief Executive Keith McLoughlin does not believe that there are any concessions to be made in an ongoing proxy fight with hedge fund Third Point LLC, he told Reuters on Thursday. Third Point seems only open to taking over Campbell's board and has not expressed interest in anything less, McLoughlin said in a telephone...

  • CAMPBELL CEO SAYS DOES NOT BELIEVE CONCESSIONS TO THIRD POINT ARE ON THE TABLE.

  • CAMPBELL SOUP INTERIM CEO SAYS HAS NOT SPOKEN WITH THIRD POINT TO DISCUSS PROXY FIGHT; LAST CONVERSATION IN JULY.

  • *EU Commission delivers letter of concerns to Italy. BRUSSELS, Oct 18- Italy's Prime Minister defended its free-spending budget on Thursday, brushing off criticism from Brussels as the European Commission stepped up pressure over a draft it labeled an unprecedented breach of EU fiscal rules. In the first formal step of a procedure that could lead to Brussels...

  • NEW YORK, Oct 18- The Federal Reserve should continue with its gradual rate hikes but must be prepared to slow the tightening if U.S. productivity breaks out of a several-year lull, as it may be poised to do, an influential Fed governor said on Thursday. Randal Quarles, who rarely discusses monetary policy, painted a somewhat more optimistic picture than his...

  • BOSTON, Oct 18- Activist investor Daniel Loeb turned up the heat on Campbell Soup Co on Thursday with a video aimed at persuading retail investors to vote with his hedge fund Third Point LLC to replace the food company's entire board of directors. The 3- minute, 57- second video presents many of the same points Third Point has made in mailings and on its website.

  • HOUSTON, Oct 18- Oil prices dipped on Thursday but pared losses as investors turned their attention to the impending loss of Iran's crude exports after the United States re-imposes sanctions in early November. In early trading, global benchmark Brent crude fell below $79 per barrel, or as much as 1.7 percent the day after a U.S. Energy Department report showed oil...

  • As of 12:48 p.m. CDT, Chicago Board of Trade November soybeans futures were down 20-1/ 2 cents at $8.65-1/ 4 per bushel. CBOT December corn was down 3-3/ 4 cents at $3.70-1/ 2 a bushel and December wheat was down 4-3/ 4 cents at $5.12-3/ 4 a bushel. This dismal sales number here today sets the tone, "said Rich Feltes, vice president for research with R.J. O'Brien.

  • NEW YORK, Oct 18- Stocks fell on Thursday while German and U.S. bond prices rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns and a widening gap between the United States and Saudi Arabia. European stocks tumbled and Wall Street slid after the European Commission said Italy's 2019 budget draft is in "...

  • *London outlet opens on 20 Oct, Manhattan the following week. LONDON, Oct 18- Jollibee Foods, a major Asian fast-food operator, hopes to generate half its sales outside its home market of the Philippines within five to seven years, up from 30 percent now, its chief executive told Reuters. "There are a lot of discussions going on, but only a few end up with final...

  • Shares of the largest steel producer in the United States fell as much as 3.7 percent to $56.91, as a dip in steel shipments from the second quarter put investors on alert that the market may be oversupplied. "There appears to be too much inventory in the channel right now, and this has impacted mill orders and volumes in early fourth quarter, Longbow Research...

  • BUENOS AIRES, Oct 18- Argentina's transportation union announced late on Wednesday night that it would go on strike next week to call for an increase in hauling rates, in a move that could disrupt the nation's grain shipments. Argentina, the third largest economy in Latin America, is experiencing an economic crisis that has seen the peso lose more than half its...

  • *Issues like Chinese steel, WTO status, Iran deal on agenda. BRUSSELS, Oct 18- The European Union sought Asian support for free trade, the Iran nuclear deal and fighting global warming at a regional summit on Thursday that included China, Japan and Russia as a counterbalance to a more protectionist United States. Leaders from the EU, Switzerland and Norway welcomed...

  • Less than six months before Britain quits the EU in its biggest shift in policy for more than 40 years, the two sides are at odds over how to deal with their only land border, between the British province of Northern Ireland and Ireland. But while the mood at a two-day summit in Brussels was more upbeat, there was little movement from either side on how to resolve the...

  • Oct 18- Starbucks Corp said on Thursday it would give its longtime partner Mexico's Alsea SAB the rights to operate its cafes in France, the Netherlands, Belgium and Luxembourg as the coffee chain tries to streamline its operations in markets where sales have struggled. Starbucks said it will sell 83 company-owned stores in the Netherlands and France to...

  • *Wall Street falls after weak industrial earnings, hawkish Fed. Spot gold rose 0.6 percent to $1,229.62 per ounce at 12:21 EDT. "Renewed weakness in equity markets might trigger additional buying in gold," said Alexander Zumpfe, a precious metals trader at Heraeus.

  • Acacia, which is Tanzania's largest gold miner, is locked in a long-running dispute with the government which has accused the company of tax evasion. After taking office in 2015, President John Magufuli launched an anti-corruption drive and vowed to stamp out tax evasion by multinational companies in Tanzania's mining and telecoms sectors.

  • Political control of the U.S. Congress will be up for grabs on November 6 and should Democrats take the U.S. House of Representatives away from Republicans it could hinder President Donald Trump's political agenda. "We are not seeing market participants hedge for midterms or discuss it explicitly," said Peter Cecchini, chief market strategist at Cantor...

  • NEW YORK, Oct 18- Higher U.S. History shows that if we are still in this upward-moving yield environment, that could continue to have a negative feedback loop into the dollar, said Tom Fitzpatrick, chief technical strategist at Citigroup in New York. With the Fed expected to continue raising rates and the United States projected to almost double its debt load held...

  • LONDON, Oct 18- The pound fell to intraday lows in late Thursday trade, as summit talks in Brussels failed to resolve a Brexit standoff between London and the EU over the status of the Irish border, an issue playing an increasingly dominant role in negotiations. But that failed to lift the British currency from lows hit after she earlier said European Union...