giovedì 31 ottobre 2013

CFTC Delays Cases in Funding Squeeze

The CFTC is so cash-starved that it is being forced to delay cases, shelve certain probes and decided not to file charges against two men in the "London whale" trading mess, a top official said.



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Goldman Sachs Wheels to a Top Grade

The Wall Street firm was awarded an "outstanding" rating by regulators for its commitments to the Community Reinvestment Act.



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Investors Tap Metals as Gateway to China

Prices of iron ore and copper have risen in recent months amid a flurry of positive signals out of the world's second-biggest economy.



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MasterCard Net Rises 14% on Purchases

MasterCard Inc., the world's second-largest payment network, said third-quarter earnings rose 14% as spending on its credit and debit cards continued to grow.



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Asian Shares Fall on China PMI

Stocks in Asia were mostly lower Friday after Chinese factory activity last month showed signs of weakness.



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China's Museum Moment in Nanjing

The ambitions of China's new art patrons echo American industrialists who sponsored the arts in the early 20th century.



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Edoardo Cignoli : Jos A Bank Teases Higher Men's Wearhouse Bid

Jos. A. Bank said it would consider raising its bid for Men's Wearhouse if given the opportunity to conduct limited due diligence but warns about dropping the offer if talks don't begin.



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Edoardo Cignoli : OGX to Receive Much-Needed Cash

Eike Batista's flagship oil company stands to receive a $66 million payment as one of its units settles a debt, allowing it to operate during its bankruptcy process.



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Turkish Lawmakers Break Taboo

A decadeslong taboo in Turkey was broken as four female lawmakers from the Islamist-rooted government attended parliament's General Assembly wearing Islamic-style head scarves.



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Abe Travels Abroad in Search for New Export Markets

Prime Minister Shinzo Abe has hits the road in a search for new markets for Japanese exports in the face of increasingly strong competition from China and South Korea.



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International Court Delays Trial for Kenya President

Judges agreed to push the opening back three months, to February, to give the defense more time to prepare.



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Edoardo Cignoli : Exxon Mobil Profit Falls on Refining Weakness

Exxon Mobil Corp.'s third-quarter earnings fall 18% on the year, but it pumped slightly more oil and gas and booked fatter profits from energy production.



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Edoardo Cignoli : Time Inc. Names Chief Content Officer

Time reorganized its editorial operations as it prepares for its planned spinoff, bringing back Norman Pearlstine to serve as chief content officer.



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Edoardo Cignoli : Tabloid Editors Said to Have Had Affair

Tabloid editors Rebekah Brooks and Andy Coulson had a multiyear affair, prosecutors said during the U.K. phone-hacking trial, seeking to show the extent to which the two shared information about newsroom operations.



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Edoardo Cignoli : New Danske CEO Takes Action

The new chief executive at Denmark's largest bank is rushing to make changes after just a month in the job, announcing job cuts, a pullback from Ireland and a plan to cut one billion Danish kroner ($184 million) in costs.



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Edoardo Cignoli : Day After CEO Resigns, Teva Posts Profit

Modest revenue growth helps generic drug maker Teva swing to a third-quarter profit a day after its CEO Jeremy Levin resigned abruptly.



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Dusty Towns in China's West Under Scrutiny

A dusty town in China's Xinjiang region re-emerged as one flashpoint in a long-running ethnic conflict that this week reached Beijing's Tiananmen Square with deadly results.



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Germany Hits Back at U.S.

Germany described as "incomprehensible" U.S. criticism of its export-led economic policies.



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Central Banks in Currency Swap Deal

Six of the world's most important central banks have agreed to standing currency-swap arrangements until further notice, the European Central Bank said.



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Mexico Senate Raises Junk-Food Tax

Senators passed President Enrique Peña Nieto's tax bill with a handful of changes, including increasing the proposed tax on high-calorie foods.



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Canada August Growth Outpaces Views

Fueled by a surge in oil and gas output, Canada's gross domestic product climbed a better-than-expected 0.3% in August.



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Edoardo Cignoli : Discovery Communications Profit Climbs

Advertising and overseas acquisitions help the parent of the Discovery Channel ramp up its third-quarter profit.



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Edoardo Cignoli : FAA Says Fliers Can Use Devices During All Phases of Flight

Federal aviation regulators on Thursday unveiled steps to lift restrictions on fliers' electronic devices, concluding that tablets, e-readers and other gadgets generally can be used during all phases of flight by the end of this year.



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Edoardo Cignoli : Cigna Reports Higher Profit, Outlook

Cigna's third-quarter earnings climbed 19% as the managed-care company's membership count and revenue continued to grow.



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Edoardo Cignoli : New York Times Reports Loss

New York Times swung to a third-quarter loss after writing down its sold-off New England media group, but the company posted higher revenue because of increased circulation sales.



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Edoardo Cignoli : ConocoPhillips' Profit Jumps

ConocoPhillips' third-quarter earnings increased 38% as the exploration-and-production company's results were boosted by a gain on an asset sale.



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Edoardo Cignoli : Total Posts Fall in Profit

Total said it expects hydrocarbon output to continue to rise in the fourth quarter, after reporting a fall in third-quarter profit on higher exploration costs, seasonal maintenance spending and a steep deterioration in refining activities.



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Edoardo Cignoli : Panasonic Doubles Forecast

Panasonic swung to a quarterly profit—helped by cost cuts, a weaker yen and the absence of restructuring charges—and doubled its forecast for annual profit.



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Edoardo Cignoli : BT Lifted by Sports TV

BT Group said the early impact of its new sports channels has lifted business, even as costs linked to the launch hit its operating profit.



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Edoardo Cignoli : Time Warner Cable's Revenue Rises

Time Warner Cable's third-quarter revenue grew modestly, helped by the cable operator's growth in residential high-speed data and business services.



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Edoardo Cignoli : Exxon Mobil Profit Down 18% on Refining Weakness

Exxon Mobil said its third-quarter earnings fell 18%, as profits at its downstream segment plunged on significantly weaker refining margins, masking growth at its exploration and production business.



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Edoardo Cignoli : Hon Hai Makes Push Into Software

In a strategy shift, Hon Hai Precision Industry is making a push into software development and telecom services, its latest efforts to seek new avenues of growth as revenue from contract manufacturing slows.



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Edoardo Cignoli : Avon: Proposed Bribe-Probe Penalties Much Bigger Than Expected

Avon said the SEC's proposed settlement to resolve a multiyear bribery probe included monetary penalties "significantly greater" than expected that would materially hurt its business.



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Edoardo Cignoli : Barrick Delays South America Project

The world's largest gold miner said it will suspend work on a huge project on the Chile-Argentina border amid slumping prices for gold.



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Euro-Zone Inflation Hits Four-Year Low

The euro zone's inflation rate fell to its lowest in almost four years in October, raising pressure on the European Central Bank to ease the money supply and support the region's fragile economy at its rate decision next week.



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Snowden Gets Job in Russia, Says Lawyer

National Security Agency leaker Edward Snowden will begin working Friday for "one of the largest Russian websites," his Russian lawyer Anatoly Kucherena said.



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Celebrating Halloween in Asia

People from China, Japan and the Philippines celebrate Halloween with parades and spooky costumes.



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Edoardo Cignoli : Bayer Boosted by New Drugs

Bayer, the inventor of aspirin and one of Europe's biggest drug manufacturers, reported a slight decline in sales but a surge in third-quarter profit, buoyed by the strong performance of some of its new medicines.



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Edoardo Cignoli : Anheuser-Busch Beer Volumes Decline

Revenue and profits rose despite the fall in volumes, with China still a bright spot as North America and Brazil slip.



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Edoardo Cignoli : General Atlantic to Put Amedes on Sale

Private-equity firm General Atlantic has kicked off the sale of German laboratory-service provider Amedes Group, in a deal that could fetch around $1.1 billion.



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Official: Syria Destroys Arms Equipment

Syria has completed destruction of critical equipment for producing chemical weapons and filling munitions with poison gas, an official at the global chemical weapons watchdog said.



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Testimony Ends in Khmer Rouge Trial

Closing arguments ended Thursday in a United Nations-backed war crimes trial of two senior Khmer Rouge leaders, after two years of testimony in proceedings against top surviving officials of a regime that oversaw one of the 20th century's worst genocides.



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Edoardo Cignoli : AstraZeneca Names CFO; Profit Slips

AstraZeneca said net income fell 18% in the third quarter, hurt by continued generic competition for its top drugs. The company also said Marc Dunoyer is taking over as chief financial officer.



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Edoardo Cignoli : Alcatel-Lucent Reports Narrower Third-Quarter Loss

Network-gear maker Alcatel-Lucent expects higher sales and faster cost-cutting to boost its turnaround plan in coming months, after reporting a narrower loss in the third quarter on both lower costs and an uptick in revenue.



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Edoardo Cignoli : Randstad CEO to Step Down

The global staffing and recruiting giant said Chief Executive Ben Noteboom will step down early next year and will be succeeded by longtime executive board member Jacques van den Broek.



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BOJ Still Bullish on Inflation

The Bank of Japan stuck to its bullish inflation outlook, suggesting the chance of monetary policy action in the near term is slim, even as private-sector professionals continue to see the central bank's price projection as unrealistic.



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Detained Chinese Reporter Is Formally Arrested

Authorities formally arrested a Chinese newspaper journalist on defamation charges over his reports about a heavy equipment maker, in a case that has highlighted professional lapses in China's news media and law enforcement.



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Indonesia Finance Chief Cuts Growth View

Indonesia's finance minister reduced his growth projection for the country, as higher interest rates and a tepid global view continue to cloud the nation's economic outlook.



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Batista's Flagship Seeks Court Protection

Brazilian oil company OGX filed for bankruptcy protection as Eike Batista's flagship sought to restructure its finances rather than face immediate liquidation.



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Edoardo Cignoli : Shell Third-Quarter Profit Falls 31%

Royal Dutch Shell reported a 31% decline in third-quarter profit largely because of weak refining margins and increased exploration-and-production expenses.



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Edoardo Cignoli : Air France-KLM Profit Hit by Restructuring, Alitalia

Air France-KLM reported a 51% fall in third-quarter net profit, pulled down by one-off charges for restructuring, a write-down of its investment in troubled Italian carrier Alitalia and unfavorable exchange rate variations.



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mercoledì 30 ottobre 2013

Earlier Nasdaq Glitch Cued Talk, No Action

U.S. stock-market officials and regulators earlier this year may have missed a chance to head off problems related to an August glitch that stopped trading in Nasdaq Stock Market-listed securities for hours.



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Eike Batista's Empire Soared, Then Melted Into Bankruptcy

The collapse of oil company OGX, Latin America's biggest-ever bankruptcy, punctuates the Brazilian titan's breathtaking rise and fall.



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Alibaba IPO in New York? Not So Fast

The Hong Kong Stock Exchange is considering changing its rules on shareholding structures, a move that could reopen the door for Alibaba to list in the city after talks broke down over the issue last month.



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Property Investors Look Beyond London

London's hot property market has commercial-real-estate investors scouring the parts of Britain that they all but ignored in the years after the financial crisis.



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Edoardo Cignoli : FDA Sets Rules to Address Drug Shortages

In an effort to work proactively against drug shortages, the FDA is setting new rules requiring companies to notify the agency of any manufacturing interruptions of drugs in short supply.



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Edoardo Cignoli : L'Oréal Revenue Falls on Currency Effects

L'Oréal SA posted a surprise drop in quarterly revenue, hit by negative currency effects and slower growth in the U.S.



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Edoardo Cignoli : Eni Cites Libya, Nigeria for Output Woes

Italian energy giant Eni said unrest in Libya, where it has the biggest exposure among international firms, and oil theft in Nigeria will cause overall output to fall this year, ratcheting up pressure on the company.



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Edoardo Cignoli : AMR, US Airways Prepare Settlement Proposal to Justice Department

American Airlines parent AMR and US Airways are preparing a settlement proposal to the U.S. Justice Department that would include offers to give up slots at Reagan National Airport, according to two people familiar with the process.



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Spain Dials Back Over U.S. Spying

The Spanish foreign minister said 'cooperation' between allies is crucial, while French officials stood by their demands for an explanation about NSA activities in France.



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Congo Captures Last Rebel Stronghold

Congo's United Nations-backed troops on Wednesday captured the border town of Bunagana, flushing rebel fighters out of their last remaining stronghold and dealing a heavy blow to the remnants of a 20-month insurgency.



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Findings Alter Thinking on How SARS Spreads

A decade after SARS swept through the world and killed more than 750 people, scientists have made a troubling discovery: A very close cousin of the SARS virus lives in bats and it can likely jump directly to people.



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Team Identifies Promising HIV Treatment

Researchers have identified a potentially powerful new treatment for HIV that would use antibodies to disable the virus, a finding that promises to energize research in both prevention and treatment.



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Edoardo Cignoli : Some Small Manufacturers Keep Health-Care Coverage

Some small manufacturers facing soaring costs for health insurance say they are likely to continue coverage for their employees, even though they won't be required to under the Affordable Care Act. Wary of the new insurance exchanges, they don't want to risk losing good workers over insurance coverage.



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Edoardo Cignoli : Boeing Snubs Washington Workers

Boeing will design its new 777X jetliner with engineers in Russia and five U.S. states—a snub to technical staff in Washington state that have been central to creating every major jetliner built by the company over the past 60 years.



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Edoardo Cignoli : PVH Unveils Hilfiger CEO Succession Plan

PVH unveiled a succession plan for its Tommy Hilfiger division, saying longtime executive Daniel Grieder will take over as the apparel brand's chief executive by January 2015.



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Euro-Zone Optimism at Two-Year High

Businesses and consumers are in a buoyant mood, but this has yet to give real impetus to the economy.



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Prime Seats for Earth's Show

The astronauts aboard the international space station have the best seats in the house to watch the clouds, sunrises and man-made light shows taking place on Earth below. Take a peek for yourself.



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Edoardo Cignoli : China Solar-Panel Maker Suntech to Get Lifeline

Suntech Power Holdings, one of China's largest solar-panel makers, is poised to get a $150 million lifeline from a firm controlled by its hometown government after it defaulted on billions of dollars in debt earlier this year.



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Israel Gives Final Approval to East Jerusalem Settlements

Israel approved plans to build 1,500 new homes in east Jerusalem just hours after it freed a group of Palestinian prisoners as part of a deal to set peace talks in motion.



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Edoardo Cignoli : Guilty Pleas Disclosed in Phone-Hack Trial

British prosecutors, in opening arguments in a phone-hacking trial, disclosed that three former News Corp journalists have already pleaded guilty to intercepting voice-mail messages.



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Edoardo Cignoli : Nintendo Hit by Dismal Wii U Sales

Weak sales of the Wii U game console added to Nintendo's red ink, pushing the goal of a 12-month operating profit goal further out of reach.



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Edoardo Cignoli : Nokia Seeks U.K. Sales Ban for HTC

Finnish company to seek financial compensation and sales ban on mobile devices made by HTC in the U.K. after winning patent dispute.



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Edoardo Cignoli : Batista Braces for OGX Filing

Brazilian entrepreneur Eike Batista is racing against the clock to shore up some of his enterprises before his flagship oil company files for bankruptcy recovery.



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Recognition Grows for Male, Female or Intersex

Germany on Friday will become only the second country, after Australia, to allow parents to leave the gender blank on a child's birth certificate, as people born without a clear sex gain more rights.



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Mexico's Senate Approves Tax Increases

Mexico's Senate prepared to wrap up passage of the tax overhaul proposal of President Enrique Peña Nieto that includes higher tax rates for the wealthy and new levies on dividends, sugary soft drinks and junk food.



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The Dark Side of China's Urbanization

As many as 64 million Chinese households have had their land seized or their homes demolished over decades of breakneck urbanization, according to a study by Beijing's Tsinghua University.



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Edoardo Cignoli : Biggest Air-Crash Danger? Mountains

Flying into mountains or hills has reemerged as the deadliest threat to commercial aviation in 2013, despite record-low airliner crash rates world-wide.



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Edoardo Cignoli : Infosys Says It Settled U.S. Visa Case

Indian outsourcing company Infosys said it has reached a $34 million civil settlement with U.S. authorities that would "resolve all allegations" and end visa-fraud investigations against the company.



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Edoardo Cignoli : Fiat Narrows Loss

Italian auto maker Fiat reported a narrower net loss of €15 million ($19.6 million) in the third quarter and it lowered some of its targets for the year, partly blaming the strength of the euro.



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Edoardo Cignoli : Southern Co. Profit Falls on Clean Coal Project Charges

Southern Co.'s third-quarter earnings fell 12% as the electric-power company posted a $93 million charge tied to its clean coal power project in Kemper County, Miss.



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Afghan Envoys to Meet Taliban Chief

Afghan peace envoys will travel to Pakistan to meet the Afghan Taliban's former deputy leader Mullah Abdul Ghani Baradar, the Afghan government said Wednesday, a potential advance in stalled peace talks aimed at ending the 12-year war.



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Edoardo Cignoli : Teva CEO Steps Down After Less Than Two Years

Teva Pharmaceutical Industries Ltd. said President and Chief Executive Jeremy Levin will depart from the company after less than a year and a half at the helm.



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Edoardo Cignoli : Energy Boom Keeps Tankers Busy

Shipping operators and investors are pouring billions of dollars into building new oceangoing tankers to transport diesel, gasoline and aviation fuel—scrambling to keep up with North America's energy boom.



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Edoardo Cignoli : Shippers Continue to Face Earnings Pressure

Three of Asia's biggest shipping firms kicked off the latest reporting season with more disappointing earnings results, reflecting the pressures global shippers face as they struggle to address a capacity glut and weaker-than-expected demand.



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Edoardo Cignoli : Corning's Profit Drops 23%

Corning said its third-quarter earnings fell, despite improved demand for liquid-crystal display glass, and warned about declines in non-display businesses and fiber sales.



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Edoardo Cignoli : GM's Profit Drops on Stock Buyback Charge

General Motors' profit dropped 6% as a multimillion-dollar charge on a share repurchase and taxes masked the auto maker's better-than-expected financial performance.



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Edoardo Cignoli : Chrysler Reports Higher Profit, Shipments

Chrysler's third-quarter earnings rose 22%, as demand for the company's pickup trucks and SUVs helped boost vehicle shipments.



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Edoardo Cignoli : Comcast's Revenue, Profit Fall Without Olympics

Comcast's third-quarter profit dropped 18% as the cable operator reported weaker revenue, as prior-year results were bolstered by the 2012 Summer Olympics and asset-sale gains.



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Edoardo Cignoli : Sprint Reports Profit on Investment Gain

Sprint reported a third-quarter profit, helped by an investment gain, in its first quarterly report since Japan's SoftBank Corp. acquired a majority stake in the company.



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Edoardo Cignoli : Hong Kong Exchange Mulls Change in IPO Shareholding Rules

Hong Kong's stock exchange, grappling with the potential loss of Alibaba Group's prized listing to New York, is considering changing its hard-line stance on what kinds of shareholding and control structures initial public offering candidates can have.



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China Says it Loses WTO Rare Earth Case

The World Trade Organization has ruled against China in a case that challenged the nation's policies to limit exports of rare-earth metals, a Chinese government official said Wednesday.



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Spain's Statistics Institute Confirms End of Recession

Spain's statistics institute said the euro zone's fourth-largest economy grew 0.1% in the third quarter from the second, confirming an earlier central bank estimate that a two-year recession has ended.



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Edoardo Cignoli : Volkswagen Third-Quarter Profit Falls

Volkswagen, the world's largest car maker by revenue, reported lower third-quarter net income but reiterated its full-year outlook for higher revenue and stable operating profit.



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Edoardo Cignoli : Merlin Owners to Sell Larger Stake in IPO

The private-equity backers of Legoland owner Merlin Entertainments will sell a larger-than-expected share of their stake when the company completes an initial public offering next month.



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Edoardo Cignoli : Pearson Warns on Profit

Pearson warned that its full-year operating profit is expected to be lower than last year, even as sales grew for the U.K. publisher and education specialist as it pushes harder into the world's high-growth markets.



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Edoardo Cignoli : Sanofi Lowers Earnings Guidance

French drug maker Sanofi SA lowered its 2013 earnings guidance for the second time this year, as third-quarter net profit shrank, dented by slower growth in Brazil and China.



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India Bus Inferno Kills 40

Police say 40 people died—many of them burned alive—when a bus crashed into a barrier and caught fire in southern India.



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Egypt Arrests Muslim Brotherhood Figure

Egyptian security forces arrested Essam el-Erian, a Muslim Brotherhood figure who had been on the run since the July coup that ousted the country's Islamist president.



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martedì 29 ottobre 2013

Twitter IPO Offers Banks Entree to Spoils

In addition to the fees, there are lots of other ways that Wall Street can profit from the social-media company's IPO.



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Land Prices Hit the Brakes

The slowdown in sales of newly built homes since last summer has sapped momentum from the land market, as home builders are starting to balk at paying increasingly lofty prices for lots.



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New Life for Skyscraper

A $1 billion financing package from Asia has cleared the way for one of Manhattan's tallest skyscrapers and new gallery space for the Museum of Modern Art.



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Edoardo Cignoli : Lululemon Hires Product Chief From Kmart

Lululemon, looking to move beyond the yoga-pants recall earlier this year, has picked a new top merchant whose experience includes Kmart and Design Within Reach.



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Peru's Prime Minister Resigns

Peruvian Prime Minister Juan Jiménez resigned following a sharp decline in support for the government in recent months amid growing security fears.



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Edoardo Cignoli : Consumer Caution Blurs Retailers' Outlook

Americans kept spending in the weeks before Washington's budget battles rocked consumer confidence, though the pace of gains suggests little chance of a strong pickup in the critical final months of the year.



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Edoardo Cignoli : LinkedIn Warns of Slowdown

LinkedIn, which has minted strong financial results and a soaring stock price since going public in 2011, warned of a sharp slowdown in the current quarter.



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U.N. Confirms Polio Outbreak in Syria

The cases are the first confirmed outbreak of the disease in the country in 14 years, with a risk of spreading across the region.



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Edoardo Cignoli : OGX at Dead End with Creditors

The cash-strapped oil company of Brazilian tycoon Eike Batista confirmed it has failed to reach a deal with investors to restructure $3.6 billion in bonds.



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Edoardo Cignoli : United Continental Employees Ratify Contracts

The world's largest airline by traffic said almost 28,000 employees ratified new labor contracts.



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Hungary: Room for More Rate Cuts

Policy makers said low inflation and the lackluster economic recovery could provide it with further room for cautious rate cuts if the country's risk assessment doesn't deteriorate with investors.



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Political Gridlock, Beijing Style

To admirers, China's political system means the ability to act decisively to boost growth. Why, then, on the eve of a crucial Communist Party meeting, are there so few signs major economic reforms are on the way?



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Edoardo Cignoli : China's Big Airlines Expand Abroad

China's state-owned airlines are racing to boost their international reach as an increasingly congested home market weighs on earnings.



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Edoardo Cignoli : Earnings of Sinopec, PetroChina Helped by State Pricing Change

China's two largest oil companies reported strong third-quarter results, with earnings from their refining operations boosted by March changes to the domestic oil-pricing system.



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Edoardo Cignoli : Vertex Pharmaceuticals to Cut Workforce 15%

Vertex Pharmaceuticals will cut 15% of its workforce after drug sales plunged and the company posted a $124.1 million loss.



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Edoardo Cignoli : Cummins Posts Disappointing Profit, Cuts Sales Forecast

Cummins Inc.'s third-quarter earnings edged up 0.9%, but the supplier of engines for heavy-duty trucks reported weaker-than-expected revenue growth and cut its full-year sales outlook.



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Edoardo Cignoli : Martha Stewart Revenue Falls on Publishing Weakness

Martha Steward Omnimedia's third-quarter revenue declined amid weakness in its publishing and broadcasting segments, though its loss narrowed as the year-earlier period was burdened with a write-down.



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Vietnam Convicts Dissident Facebook User

A Vietnamese court on Tuesday convicted a dissident of using Facebook to spread criticism of the government but suspended the 15-month prison sentence it imposed.



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Edoardo Cignoli : Sears Weighs Lands' End Spinoff

Sears is considering parting ways with its Lands' End brand, as losses deepened amid poor performance at its core Sears and Kmart chains.



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Edoardo Cignoli : Goodyear Posts Higher Profit, Outlook

Goodyear reported a 48% jump in its third-quarter profit and raised its full-year guidance as the tire maker benefits from cost cuts and the sale of more high-end products.



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Edoardo Cignoli : Archer Daniels Profit Surges on Accounting Credit

Archer Daniels' third-quarter earnings more than doubled on an accounting credit, but revenue at the U.S. grain trader slipped on weakness in the agricultural services segment.



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Edoardo Cignoli : Hawaiian Adds Premium Economy Seats

Hawaiian Airlines is following in the steps of some rival U.S. carriers by adding premium economy seats with more legroom in its long-haul jetliners.



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Edoardo Cignoli : JetBlue's Profit Up 58%, Unveils Fleet Restructuring

The U.S. discount carrier unveiled changes in plans to improve its fleet to more closely align with demand and reduce costs.



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Edoardo Cignoli : Aetna Profit Rises as Membership Improves

Aetna's third-quarter earnings increased 4% as the health insurer's revenue and membership rolls were boosted by its acquisition of Coventry Health Care.



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Edoardo Cignoli : Thomson Reuters' Profit Drops

Thomson Reuters' third-quarter profit shrank 38% on lower revenue. The data provider also unveiled plans to repurchase stock and speed up its cost-savings efforts.



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Edoardo Cignoli : Entergy's Profit Falls 29% as Expenses Rise

Entergy's third-quarter earnings fell 29% on an uptick in operating expenses. The power company also provided disappointing 2014 financial guidance.



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Edoardo Cignoli : Tata Steel Eyes 500 U.K. Job Cuts

The European unit of Tata Steel is embarking upon a restructuring of its U.K. long steel products division that may result in the elimination of around 500 jobs.



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Rabobank CEO to Resign as Bank Reaches $1 Billion Libor Settlement

Rabobank is poised to announce the resignation of its chief executive, Piet Moerland, as the Dutch lender reaches a roughly $1 billion settlement of an investigation into attempted manipulation of benchmark interest rates, according to people familiar with the matter.



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Edoardo Cignoli : Pfizer's Earnings Decline 19% on Weaker Sales

Pfizer's third-quarter earnings fell 19% as the drug maker's sales weakened across most of its businesses, particularly its primary care segment.



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Edoardo Cignoli : Nokia Sells Record Number of Lumias

The company's net loss also narrowed sharply in the third quarter ahead of the sale of its handset business to Microsoft.



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Turkish Tunnel Spans Continents

Turkey will mark the 90th anniversary of the republic by unveiling a project that will connect the European and Asian shores of Istanbul—an idea first proposed in 1860.



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Edoardo Cignoli : Google Nears Smartwatch Launch

Google is in talks with Asian suppliers to begin mass production of a smartwatch, people familiar with the matter said, its latest foray into wearable devices after Google Glass.



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Edoardo Cignoli : Hitachi Profit Gets Lift from Abenomics

Japanese electronics conglomerate Hitachi reported a solid rise in its fiscal second-quarter operating profit, reaping the benefits of cost cuts and a weaker yen under the economic policies of Prime Minister Shinzo Abe.



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Dates Set for Key China Meeting

The Communist Party of China will hold a key meeting, known as the Third Plenum, from Nov. 9 to Nov. 12. It is expected to set out the leadership's priorities for the next decade.



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Tiananmen Crash Probe Expands to Restive Region

Chinese police are investigating whether people from the restive western region of Xinjiang were involved in the fiery car crash on Monday that killed at least five people near Beijing's Tiananmen Square.



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Edoardo Cignoli : BP Third-Quarter Net Profit Drops 34%

Lower profits in the energy giant's refining, trading and petroleum-products group drove the decline. The company boosted its dividend.



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Ranchers Deploy Donkeys Against Dingoes

Growing packs of wild dogs are endangering Australia's wool industry, leading desperate farmers to resort to unusual methods to protect dwindling flocks.



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Saudi Arabia Releases Jailed Writer

Saudi Arabia freed Hamza Kashgari, who spent nearly two years in prison after his tweets on the Muslim Prophet Muhammad sparked a conservative furor and an international manhunt.



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RBI Raises Key Rate to Fight Inflation

India's central bank raised its key lending rate for the second time in as many months, intensifying its battle against rising prices even as the economy grows at its slowest pace in a decade.



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Australia Central Bank Wary of Rising Currency

Australia's central bank attempted to talk down the nation's currency, showing that it regards a rebounding Aussie dollar as among the biggest threats to an economic recovery as a mining slowdown deepens.



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Mexico's Telecom Regulator Determined to Boost Competition

The head of Mexico's new telecom regulator said it's determined to curb the power of dominant players, which could mean tighter regulation of the likes of billionaire Carlos Slim's America Movil.



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lunedì 28 ottobre 2013

U.S. to Hit Infosys With Record Fine

The federal government is set to slap Infosys with the largest immigration fine ever, claiming the Indian outsourcing giant illegally placed workers on visitor, rather than work, visas at big corporate clients across the U.S.



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Gold Fades From Investment Picture

Central banks in Russia and elsewhere are cutting purchases of gold, further weighing on prices of the metal. Prices are down 19% year to date. The last time gold prices posted an annual loss was 2000.



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Trading Pre-IPO Shares Gets Trickier

Investors wanting to get in early on the next Twitter are finding a tougher path—but firms like SecondMarket are adapting.



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Fund Manager Seeks Overlooked Tech Gems

T. Rowe Price fund manager Henry Ellenbogen has made a career of discovering and investing in startup technology companies, but lately he is focusing on new areas.



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Mizuho Wasn't Watching Crime-Linked Loans, Panel Says

An investigative panel says Mizuho Bank executives didn't pay enough attention to an affiliate's loans to crime-syndicate members because they didn't think the loans were the bank's problem.



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Edoardo Cignoli : U.S. to Hit Infosys With Record Immigration Fine

The federal government is set to slap Infosys with the largest immigration fine ever, claiming the Indian outsourcing giant illegally placed workers on visitor, rather than work, visas at big corporate clients across the U.S.



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Chinese Investors Move to U.S. Projects

An unlikely participant increasingly is showing up in the bidding for distressed office buildings, hotels and other overleveraged commercial properties left over from the boom years: Chinese investors.



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India's Farmers Start to Mechanize

Indian farmers' switch to machines amid a shortage of labor is increasing productivity.



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Asian Markets Digest Earnings

Asian stock markets were mostly lower on Tuesday as investors digested a slew of corporate earnings, while sentiment turned cautious ahead of Wednesday's Federal Reserve policy meeting.



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Snakes, Shellfish Traps Add to Mining Hazards

The reappearance of a vast lake on the doorstep of one of Barrick Gold's biggest mines in Australia is causing unusual problems.



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Edoardo Cignoli : Mizuho Wasn't Watching Crime-Linked Loans, Panel Says

An investigative panel says Mizuho Bank executives didn't pay enough attention to an affiliate's loans to crime-syndicate members because they didn't think the loans were the bank's problem.



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Edoardo Cignoli : Chinese Investors Move to U.S. Projects

An unlikely participant increasingly is showing up in the bidding for distressed office buildings, hotels and other overleveraged commercial properties left over from the boom years: Chinese investors.



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Edoardo Cignoli : Fund Manager Seeks Overlooked Tech Gems

T. Rowe Price fund manager Henry Ellenbogen has made a career of discovering and investing in startup technology companies, but lately he is focusing on new areas.



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Syria Weapons Inspections Hit Snag

The international agency overseeing the destruction of Syria's chemical weapons said Monday security concerns have prevented its inspectors from reaching the last two of 23 declared sites.



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Senate to Review All U.S. Spying

Sen. Dianne Feinstein also said she expected that the White House would end all spying on leaders of allied countries. The moves follow revelations the U.S. has been spying on world leaders such as Germany's Angela Merkel.



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Namibia Taps its German Roots for Oktoberfest

The extent of Namibia's Germanic heritage is on display annually at this country's Oktoberfest. Namibia was a German colony for 35 years, around the turn of the 20th century, and things are still Teutonic here.



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Edoardo Cignoli : Burger King's Profit Soars on Decrease in Costs

Burger King's third-quarter earnings soared as the fast-food chain posted significantly fewer operating expenses and as same-store sales increased in its international regions.



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Edoardo Cignoli : Capacity a Concern for Europe's Airlines

European airlines may be in for a tough winter as they face forecasts of sluggish passenger growth for what is already a slow time of year.



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Edoardo Cignoli : Merck Profit Falls on Lower Sales

Merck's third-quarter earnings fell 35% as the loss of exclusivity for asthma and allergy drug Singulair contributed to weaker sales.



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Edoardo Cignoli : Liberty Global Sells Chellomedia

Liberty Global agreed to sell its international content division Chellomedia to AMC Networks in a deal worth $1 billion, allowing the cable company to focus on its core markets.



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Edoardo Cignoli : Bankia Boosts Profit in Third Quarter

A string of asset sales and declining loan-loss provisions helped the state-owned lender bounce back from the biggest loss in Spanish corporate history last year.



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India's Central Bank Predicts Sticky Inflation

India's central bank expects inflation to stay outside its comfort zone this fiscal year, amid expectations that controlling prices would remain the prime focus when it reviews monetary policy Tuesday.



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Gaza Militants Fire Rockets at Israel

Militants in the Gaza Strip fired two rockets toward Israel, one of which was shot down by the country's missile defense system, the military said.



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U.S. Monitors Spanish Calls, Paper Says

The National Security Agency monitored more than 60 million calls in Spain over the course of one month, a Spanish newspaper reported.



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Over 100 Killed as Rains Hit East India

More than 100 people have been killed and hundreds of thousands rendered homeless as heavy rains pounded eastern India, causing floods and hampering relief work in areas that were ravaged by a massive cyclone two weeks ago.



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Curtains for Jakarta's Performing Monkeys

Jakarta's governor wants all roadside monkey performances gone by next year.



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Edoardo Cignoli : Vivendi, Lagardère Move Closer to Canal Plus Deal

Lagardère is moving closer to a deal to sell its stake in Canal Plus France to majority owner Vivendi, according to people familiar with the matter.



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Edoardo Cignoli : TNT Express Net Profit Falls 25%

Dutch parcel-delivery company said it would take further steps to improve its business as market conditions continue to be challenging.



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Edoardo Cignoli : G4S Rejects $2.5 Billion Offer for Unit

International security group G4S has rejected a $2.51 billion offer from Charterhouse Capital for its cash solutions business, saying the unit was core to its plans.



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Car Crash at Tiananmen Square Kills 3

A passenger vehicle slammed into a crowd of tourists and caught fire near Tiananmen Square, according to authorities and state media, leaving three people dead and prompting police to cordon off major thoroughfares around the offices of senior leaders.



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Powerful Storm Snarls U.K. Travel

A storm with hurricane-force winds lashed southern Britain, causing flooding and travel delays, including the cancellation of roughly 130 flights at London's Heathrow Airport.



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Mongolia Seeks Mediator Status With North Korea

Mongolia's president is due to arrive in Pyongyang with the goal of nudging North Korean leader Kim Jong Un toward peace and denuclearization, but experts say Pyongyang is unlikely to embrace Mongolia's democratic transformation.



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domenica 27 ottobre 2013

Edoardo Cignoli : NBA Teams Up With Samsung

Samsung signed a three-year, $100 million deal to be the NBA's official provider of tablets and televisions, supplying things like courtside monitors that referees use to review close calls.



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Edoardo Cignoli : KKR Sets $100 Million Wireless Deal

KKR& Co. has struck a $100 million pact to build wireless-communications infrastructure alongside Associated Partners LP, according to people familiar with the matter.



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Greek Bond Bets Pay Off Big

Three bond-fund managers won big from making the same bet: buying Greek government bonds at the height of the euro-zone debt crisis and holding on.



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Aiming Too Low on Apple Is Risky Shot

Ahead of the Tape: Analysts covering Apple routinely aim too low in making their earnings estimates, but earnings "beats" don't translate reliably into stock-market gains.



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Citibank India Head Navigates New Rules

Citibank India CEO Pramit Jhaveri speaks about how the bank has been navigating India's regulatory and economic challenges.



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Silicon Valley: Feel the Froth

High valuations for profitless companies like Twitter, Pinterest and Snapchat stir memories of the dot-com bubble, but there are some reassuring differences.



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Edoardo Cignoli : How Apple Should Spend Its Money

Carl Icahn is wrong to ask Apple to use its cash pile on a stock buyback, says WSJ columnist Farhad Manjoo. That money is better spent on improving Apple products and services to ensure it remains competitive.



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Edoardo Cignoli : Remembrances: A Master Builder

Paul Reichmann, who assembled an enormous real-estate portfolio and went on to build the World Financial Center in New York and Canary Wharf in London, died on Friday at the age of 83.



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Lou Reed, a Life Well Beyond Velvet Underground

Lou Reed, who died at 71 of complications from a liver ailment, embodied the underbelly of rock 'n' roll starting in the 1960s and for decades remained one of the genre's most influential figures.



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Edoardo Cignoli : Silicon Valley: Feel the Froth

High valuations for profitless companies like Twitter, Pinterest and Snapchat stir memories of the dot-com bubble, but there are some reassuring differences.



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Edoardo Cignoli : Religious-Discrimination Claims Rise

Employee claims of religious discrimination have climbed as the U.S. and workers' expressions of faith have grown more diverse, exposing the complexities of managing religion on the job.



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Edoardo Cignoli : Univision to Launch English-Language Channel

Spanish-language broadcaster Univision and ABC News are launching a new English-language cable news and entertainment channel called Fusion on Monday night aimed at young English-speaking Hispanics.



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Edoardo Cignoli : AIDS-Crusader Biopic to Debut After Years of Changing Hands

'Dallas Buyers Club,' a biopic about on Ron Woodroof, a Texas electrician diagnosed with AIDS in 1980s, and his crusade for alternative treatments, will finally make its debut on Nov. 1.



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Edoardo Cignoli : More Law Firms Look Into Mergers

Merger talks between major law firms are heating up this fall, as firms seek strength in numbers to help improve their position in a tough legal market.



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Edoardo Cignoli : Patent-Law Bomb Still Ticks

A scrivener's error undercuts patent-law overhaul meant to ease way for challenges.



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EU Shifts Tactics to Bolster Iran Sanctions

The EU is shifting to a new approach in reinforcing its Iran sanctions in a bid to prevent legal challenges by companies from undermining the West's efforts to counter Tehran's nuclear program.



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Obama Unaware as U.S. Spied on World Leaders: Officials

The National Security Agency ended a program used to spy on German Chancellor Angela Merkel and a number of other world leaders after an internal Obama administration review started this summer revealed to the White House the existence of the operation, U.S. officials said.



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Saudi Women Drivers See Progress in Fight

A day after dozens of Saudi women challenged the government by driving, the nation watched Sunday to see whether their defiance would be met with arrests or an easing of the country's broad restrictions on women.



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Political Violence Grips Bangladesh

At least 10 people have been killed since Friday in skirmishes between the police and opposition supporters seeking changes to Bangladesh's election system.



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India to Issue New Rules for Foreign Banks

Indian regulators are expected to issue new rules governing the operation of foreign banks in coming days, in a step aimed at pressing them to set up local subsidiaries and lend more in poor, rural areas.



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Georgia Vote Cements Old Leader's Fall

Georgian voters handed an outright victory to a presidential candidate backed by billionaire Prime Minister Bidzina Ivanishvili, who said Sunday that the outgoing president may face questioning in various criminal investigations after he steps down.



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Argentine President Loses Ground in Election

President Cristina Kirchner's candidates were trounced in a crucial district, setting the stage for a fight within Argentina's ruling Peronist movement to succeed her.



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Afghan Motorcyclists Face Ban

Several Afghan provinces are attempting to stem a wave of assassinations and kidnappings by Taliban by banning motorbikes that are also widely used by families.



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Shanghai Mayor Defends Rules for Free-Trade Zone

Shanghai's mayor acknowledged criticism of the long list of restrictions on businesses in the city's free-trade zone but sought to reassure businesses that the "negative list will continue to be shortened."



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China Newspaper Recants Support for Reporter

The New Express newspaper said it failed to properly check reports by one of its employees who confessed to taking bribes to publish fabricated stories, and apologized for its initial defense of the reporter.



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Czech Election Leaves Parliament Fragmented

Weekend Czech parliamentary elections failed to produce a clear winner, setting the stage for lengthy talks to form a new government.



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South Africa Unionist Sparks Alarm

Union boss Irvin Jim has won the admiration of South African workers by leading strikes at car and auto-parts makers as business executives warn the strikes are undermining the country's economic climate.



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Syria Files Chemical-Weapons Details

The world's chemical weapons watchdog said Syria has sent it details of its poison-gas and nerve-agent program and a plan to destroy all facilities linked to the deadly arsenal.



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Colombian Rebels Free Former U.S. Army Private

Colombia's main leftist rebel group released a former U.S. Army private seized in June after he refused to heed local officials' warnings and wandered into rebel-held territory.



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Storm Bears Down on U.K.

Prime Minister David Cameron told government agencies to ensure that contingency plans are made for transportation, schools and power supplies during the storm, which could have gusts stronger than 80 mph.



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Israeli Cabinet Approves Flug as Central Bank Governor

Israel's cabinet approved the appointment of Karnit Flug to head the central bank, completing a process that has lasted several months.



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Greek Bond Bets Pay Off Big

Three bond-fund managers won big from making the same bet: buying Greek government bonds at the height of the euro-zone debt crisis and holding on.



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Japan Life Insurers Stock Up on U.S. Debt

Japan's major life insurers have taken advantage of a recent rise in U.S. yields to stock up on foreign bonds and may go back into the market if domestic yields remain at their current low levels.



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Photos of the Day: Oct. 27

In today's pictures, the sun set behind a tree in Bucharest, a man works at a brick factory in Kabul, clashes break out during a protest in Berlin, and more.



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Edoardo Cignoli : European Publisher to Launch Shopping App in U.S.

Axel Springer Verlag, one of Europe's largest newspaper publishers, is launching a retail shopping application in the U.S. this week, a further step in the company's drive into digital publishing.



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Edoardo Cignoli : ThyssenKrupp Reviews Brazil, U.S.

ThyssenKrupp once again has redrawn plans for its unprofitable American steel operations, and it is considering remaining and expanding in Brazil and exiting the U.S entirely.



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Edoardo Cignoli : GM Ramps Up China Strategy

With its lead in the world's biggest auto market threatened, GM is ramping up its plans for China.



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Edoardo Cignoli : China Construction Bank's Net Falls Short of Forecasts

Higher interest income and commissions helped boost third-quarter net earnings at China Construction Bank by 9.4% from a year earlier.



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Edoardo Cignoli : Yuexiu Enterprises to Buy Stake in Chong Hing Bank

Chinese conglomerate Yuexiu Enterprises is acquiring a 75% stake in Hong Kong's Chong Hing Bank for US$1.5 billion.



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Edoardo Cignoli : Samsung Pursues Developers, Seeking Orbit of Apps

With its first developers conference in San Francisco this week, Samsung Electronics is taking a big step toward cultivating a host of software and service for its devices that can compete with those offered by Apple.



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Edoardo Cignoli : Investors Anxious for Chrysler Data

When Chrysler reports third-quarter results, investors will be looking for fresh data to feed calculations of what the company could be worth if it goes ahead with an initial public offering.



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Edoardo Cignoli : Online Retail Is Ticket to China

A growing number of Western brands in China are creating online stores to reach more consumers.



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Edoardo Cignoli : Petrobras Weighs New Mechanism to Price Gasoline, Diesel

Brazil's Petrobras taking steps to stem huge losses on sales of gasoline and diesel that have raised questions about its ability to implement a huge investment program.



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China State TV Shows Reporter Confessing to Taking Bribes

Three days after a Chinese newspaper made a front-page appeal for police to release one of its reporters, the man was shown on state television confessing to have taken bribes to publish defamatory articles about a Chinese company.



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Car Bombs Kill Dozens in Baghdad

A wave of car bombs struck Shiite neighborhoods, killing at least 42 people and wounding dozens.



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Explosions Hit Ahead of India Political Rally

The blasts occurred in the eastern city of Patna, near the site of a rally by the prime ministerial candidate for the principal opposition party, a federal home ministry official said.



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sabato 26 ottobre 2013

NYSE Says Twitter IPO Test 'Successful'

The New York Stock Exchange pumped hundreds of thousands of orders through trading systems to prep for what is one of the year's most heavily anticipated initial public offerings.



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Five Bad Ways to Pick a Mutual Fund

Investors pay too much attention to past performance, star ratings and today's headlines, and not enough to fund holdings.



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News Quiz - Oct. 20-26

Prince George was christened with water from which river? China's central bank took an important step. What was it? Test your knowledge of the week's events.



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Czech Vote Produces No Clear Winner

Czech parliamentary elections produced a fragmented parliament tilted to the left with no outright winner. Social Democrat leader Bohuslav Sobotka was expected to be named prime minister.



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Roma Girl's Parents Found in Bulgaria

After a global search, DNA tests showed a poor Bulgarian Roma couple are the biological parents of a girl found in Greece with another Roma couple.



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Photos of the Week: Oct. 20-25

In the week's best photos, Pakistani children survey the outskirts of Islamabad, fog enshrouds a cyclist in China, a physicist celebrates an award with a beer in Spain, and more.



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Dozens of Women Defy Saudi Driving Ban

Women took to the roads around Saudi Arabia, defying government, mosque and radio warnings to drop their challenge to a de facto ban on driving by women.



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venerdì 25 ottobre 2013

Chance Encounter Led to Twitter Riches

A meeting at a posh Caribbean resort led to a friendship that would later form the foundation of a 15.6% stake in Twitter.



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Energy Boom Puts Wells in Backyards

New oil and gas wells have turned millions of Americans into the petroleum industry's neighbors. But the drilling boom is firing up resentment when one person's financial windfall means their neighbors abut a working well.



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States You Shouldn't Be Caught Dead In

With the U.S. federal estate-tax issue settled for now, investors need to contend with growing state estate and inheritance taxes. Here's what you need to know.



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Edoardo Cignoli : DuPont's Plans Fail to Excite

Investors greeted DuPont's plans to spin off a major chemicals division with a shrug, though some analysts said the widely expected deal could be a game-changer for the company.



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Edoardo Cignoli : Adidas Signs Binding Pact on Bangladesh

Adidas signed a legally binding pact made up of 100 mostly European retailers to improve the safety of garment factories in Bangladesh, six months after a factory complex collapse killed 1,100 people there.



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White House, Congress Clash on Iran

The White House is pressing Congress to hold back on new sanctions against Iran, pitting the administration's hopes for a re-energized diplomatic engagement against the growing concern of some lawmakers and foreign allies.



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Tunisia Islamists, Secularists Vie for Power

Tunisia's Islamists and secularists struggled to find a path out of their deepening power struggle, which has paralyzed the country's transition from dictatorship to democracy.



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A Bad Turn for European Firms

Weak currencies in emerging markets, coupled with a surge in the euro, are hampering results at companies across Western Europe.



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Chinese Eye Foreign Real Estate

The People's Money: Chinese investors are shifting out of their country's expensive property market and into the likes of Manhattan and San Francisco—bargains by comparison.



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Pakistani Action Movie Draws Money, Controversy

A slick new action movie portraying Indian spies as sponsors of terrorism is breaking Pakistan's box office records—just as Prime Minister Nawaz Sharif is trying to reach out to the country's traditional enemy.



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Argentina Rivals Square Off

The important question isn't whether the ruling Peronist movement will win, but which of its dueling factions will gain the upper hand in the run-up to presidential elections in 2015.



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China's Coming Economic Slowdown

History shows that every economic miracle eventually loses its magic. How much longer can China sustain such astounding growth?



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No Accounting for Slavery's Cost

Fourteen Caribbean nations and a British law firm are trying to find the solution to a puzzle that has eluded many economists, historians and activists: how to put a price tag on the harm wrought by slavery.



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Edoardo Cignoli : A Bad Turn for European Firms

Weak currencies in emerging markets, coupled with a surge in the euro, are hampering results at companies across Western Europe.



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Edoardo Cignoli : Big Banks Pad Profits With 'Reserve' Cash

Federal regulators have warned banks to be careful about padding their profits with money set aside to cover bad loans. But some of the nation's biggest banks did more of it in the third quarter than earlier this year.



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Edoardo Cignoli : News Corp Former Employees Await Trial

The criminal trial of former News Corp executive Rebekah Brooks and several of the company's former employees involved in an alleged phone-hacking scandal starts Monday.



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News Corp Former Employees Await Trial

The criminal trial of former News Corp executive Rebekah Brooks and several of the company's former employees involved in an alleged phone-hacking scandal starts Monday.



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China Powers Up Its Golf Swing

Many of the world's best are playing in China this week, and few of the best are Chinese—so far.



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Edoardo Cignoli : Chance Encounter Led to Twitter Riches

A meeting at a posh Caribbean resort led to a friendship that would later form the foundation of a 15.6% stake in Twitter.



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Edoardo Cignoli : Twitter Preps Its IPO Pitch to Investors

Twitter executives arrived in New York on Friday, visiting with investment banks and their sales forces, as the company prepares to pitch an initial public offering to investors next week.



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Edoardo Cignoli : Zogenix Painkiller Gets FDA Approval Despite Criticism

The Food and Drug Administration on Friday approved an extended-release version of the narcotic painkiller hydrocodone despite a recommendation by its advisory committee that the drug should be rejected because of its potential for abuse.



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Edoardo Cignoli : Muscle Milk Owners Put Company on Auction Block

The owners of Muscle Milk have enlisted bankers at Credit Suisse to sell the popular protein drink maker. CytoSport, which also owns Evolve and Cytomax, has annual sales of about $300 million.



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Edoardo Cignoli : Banking Deal Latest Pact Struck in a 'Go Shop'

Home Federal Bancorp deal is the latest counter to view that "go-shop" periods are empty exercises



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Edoardo Cignoli : Chinese Energy Deals Focus on North America

Chinese oil companies have been on a global shopping spree—especially in the rejuvenated North American oil industry.



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Edoardo Cignoli : Events Promoter Tries to Keep Lid on Drugs

Concert promoter Insomniac is offering Alcoholics Anonymous-style meetings at some of its electronic-dance festivals following several drug-related deaths in recent years.



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Edoardo Cignoli : DEA Moves Toward Permitting Sales of Epilepsy Pill

U.S. drug regulators took steps this week toward permitting sales of Eisai's Fycompa, a move for which the drug maker had pressed the DEA in an unusual lawsuit this summer.



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Edoardo Cignoli : Eaton Buoyed by Cooper

The manufacturer posted a 48% jump in third-quarter earnings on the acquisition of the electrical-gear maker, but offered a soft outlook.



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Edoardo Cignoli : Myanmar's Telecom Revolution Bogs Down

Four months after they won the coveted rights to operate telecommunications networks in the untapped market of Myanmar, Qatar's Ooredoo and Norway's Telenor remain on hold.



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Edoardo Cignoli : Swatch Cleared to Cut Component Supplies

Swatch Group was granted permission to phase out the sale of a critical component to rival watchmakers, a seismic shift in the Swiss watch industry that will likely trigger a wave of consolidation and price rises.



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Edoardo Cignoli : Newell Rubbermaid Profit Jumps 78%

Newell Rubbermaid's earnings rose 78% after the consumer-products maker booked a gain on the sale of its hardware business.



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Edoardo Cignoli : Weyerhaeuser Profit Rises 34%

Weyerhaeuser posted a 34% profit increase in the third quarter as the forest products company continues to benefit from a growing housing market.



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Syrian Troops Kill 40 Rebels in Ambush---State Media

Syrian government troops killed at least 40 opposition fighters in an ambush near Damascus as regime continues offensive around country's capital.



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Rejection of Bo's Appeal Concludes Chinese Drama

A court said its widely expected rejection of an appeal by Bo Xilai against his conviction last month was the "final verdict."



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Euro-Zone Data Show Recovery Still Fragile

An unexpected drop in German business sentiment and persistently weak bank lending in the euro zone suggest the region's nascent economic recovery remains fragile.



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EU Leaders Diverge on Migration

European Union leaders disagreed over the need for an overhaul of the bloc's migration policy, following several deadly shipwrecks in the Mediterranean in recent weeks.



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EU Delays Data Protection Law

European leaders pushed backed the time frame for adopting a strict new data-protection law Thursday, exposing rifts on key proposals aimed at boosting the continent's digital economy.



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Edoardo Cignoli : UPS Reports Higher Revenue on More Shipments

United Parcel Service said its third-quarter revenue rose on increased shipments in the U.S. and abroad.



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Japan Ready to Counter China's Power

Japanese Prime Minister Shinzo Abe told the WSJ that many nations were concerned that China was attempting to use force to change the status quo in Asia, adding that Tokyo's role as the region's leader is to urge Beijing not to follow such a path.



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Edoardo Cignoli : Rio Set to Sell Clermont Mine for $1 Billion

Rio Tinto is in advanced talks to sell its 50.1% stake in the coal mine in eastern Australia to Glencore and Sumitomo, people familiar with the matter said.



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Norway Won't Destroy Syria Chemical Weapons

Norway's government said it is declining requests by the international community to destroy Syria's chemical weapons components on its soil because the time frame is too tight and it may not have the capabilities.



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U.K. Economy Grows in Third Quarter

The U.K. economy grew 0.8% on the quarter, an indication the recovery that began earlier this year is picking up speed.



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ICC: Kenyan Deputy Leader Must Attend Trial

Appeals judges at the International Criminal Court said Kenya's deputy president will have to attend his trial in person, adding further tension to a case that has divided the East African country and led to a backlash against the court by African governments.



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Edoardo Cignoli : BASF Posts Profit Jump

BASF, the world's largest chemical company by sales, reported a sharp increase in profits in the third quarter, but warned that exchange rate fluctuations will dent sales and earnings growth in the fourth quarter.



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Edoardo Cignoli : Volvo to Cut 2,000 Jobs

The Swedish truck maker said it will cut 2,000 management, support and consultant jobs—the latest move in its cost-cutting efforts.



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Edoardo Cignoli : China Central Bank Launches Prime Lending Rate

China's central bank has introduced a prime lending rate, which it said would help push forward interest-rate liberalization.



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