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• Jobs data, election may overshadow earnings
• Consumers drive growth as businesses hold back
• Insight - BP oil spill settlement before election seen unlikely
• South African mine strikes wind down with Amplats deal
• Exclusive: Massachusetts' regulator eyes other firms on research
• AngloGold says Tanzania law changes worry investors
• German finance minister rules out Greek debt "haircut": radio
• MAN SE to halt truck production for 4 weeks: sources
• Hitachi near $629 million British nuclear project deal: media
• Merkel urges more far-reaching financial regulation
• Spanish police protest the loss of Christmas bonus
• FDA: Pharmacy tied to outbreak knew of bacteria
• Russian opposition leaders detained in Moscow
• American economy expands at modest 2 percent pace
• Weak earnings reports weigh on stocks
• Airlines ask fliers to reschedule due to hurricane
• Still on the rebound, Detroit hosts World Series
• Johnson Controls declines lender role for A123
• German finance minister rules out Greek debt "haircut": radio
• Family of BBC's Savile offers sympathy to abuse victims
• Minister: Germany close to balanced budget in 2013
• Young millennials _ fiscal conservatives?
• South African mine strikes wind down with Amplats deal
• MAN SE to halt truck production for 4 weeks: sources
• Russian opposition leaders detained in Moscow
• Exclusive: Massachusetts' regulator eyes other firms on research
• Spanish police protest the loss of Christmas bonus
• Russian opposition leaders detained
• Moody's warns may downgrade five big Canadian banks
• Russian tycoon to ditch business for politics
• Air France demonstrators scuffle with police
• Merkel urges more far-reaching financial regulation
• Hitachi near $629 million British nuclear project deal: media
• Insight - BP oil spill settlement before election seen unlikely
• Wall St ends flat on Apple picking, but off for week
• Critical IMF says no date for next Hungary aid talks
• Reebok eyes sales rebound in 2013: magazine

Jobs data, election may overshadow earnings Posted: 26 Oct 2012 03:59 PM PDT NEW YORK (Reuters) - Earnings season may be only half over, but the focus on profits should subside next week as investors turn their attention to the coming election and Friday's jobs report, the last major data release before the November 6 contest. More bellwether companies are scheduled to report results in what will be another "peak week" of the earnings season. Such a flurry of numbers normally holds Wall Street's attention and can lead to market swings. ...

Consumers drive growth as businesses hold back Posted: 26 Oct 2012 06:20 PM PDT WASHINGTON (Reuters) - Economic growth accelerated in the third quarter as a last minute spurt in consumer spending and a surprise turnaround in government outlays offset the first cutback in business investment in more than a year. Even so, the stronger pace of expansion fell short of what is needed to make much of a dent in unemployment, and it offered little cheer for the White House ahead of the closely contested November 6 presidential election. ...

Insight - BP oil spill settlement before election seen unlikely Posted: 27 Oct 2012 03:04 AM PDT HOUSTON (Reuters) - For a president locked in a tough re-election fight, it may look like political gold: a settlement between the U.S. Justice Department and BP Plc over the Gulf of Mexico oil spill that could send billions of dollars to Florida, one of a handful of politically divided states that could decide the November 6 contest. Yet a last-minute settlement with London-based oil giant BP is unlikely before the election, experts say. ...

South African mine strikes wind down with Amplats deal Posted: 27 Oct 2012 07:35 AM PDT JOHANNESBURG (Reuters) - Workers have reached a deal with Anglo American Platinum to reinstate 12,000 miners sacked for an illegal strike, which could end the last big industrial action that has rocked South Africa's massive mining sector. Months of often violent wildcat strikes have cut production in the platinum and gold sectors, raising concerns about slowing economic growth as well as awkward questions about President Jacob Zuma's management of the most damaging labor strife since the end of apartheid in 1994. ...

Exclusive: Massachusetts' regulator eyes other firms on research Posted: 27 Oct 2012 06:29 AM PDT BOSTON (Reuters) - Massachusetts' top securities regulator said on Friday that his office is looking into whether top Wall Street investment banks in addition to Citigroup have leaked research in violation of state law on how to share this kind of information. "We are looking at all of them, Morgan Stanley, Goldman Sachs, JPMorgan," regulator William Galvin said in a telephone interview about the probe. "It is a very active investigation," Galvin said, declining to give more information about what kind of charges may be made. ...

AngloGold says Tanzania law changes worry investors Posted: 27 Oct 2012 07:29 AM PDT ARUSHA, Tanzania (Reuters) - Tanzania should stick to existing agreements in the fast-growing mining sector or investors will lose confidence, the company which owns the country's biggest gold mine said on Saturday. Major international miners are still in talks with the government two years after it passed mining legislation that included a rise in royalties on gold exports to 4 percent of gross value from 3 percent of netback value. The law also required mining companies to pay the government 0.3 percent of their annual turnover, up from the previous requirement of a maximum $200,000 a year. ...

German finance minister rules out Greek debt "haircut": radio Posted: 27 Oct 2012 08:42 AM PDT BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble ruled out public investors accepting a debt restructuring, or "haircut", on their Greek bonds but said in an interview to be aired on Sunday that a debt repurchasing program could be considered. "(A haircut) is a discussion that has little to do with the reality in the member states of the euro zone," Schaeuble said in an interview with Deutschlandfunk radio. Schaeuble said sovereign states could legally not write off billions of euros of losses on their official holdings of Greek government bonds. ...

MAN SE to halt truck production for 4 weeks: sources Posted: 27 Oct 2012 07:34 AM PDT BERLIN (Reuters) - MAN SE plans to halt production of heavy-duty vehicles for four weeks at two German factories as the economic downturn curbs demand from freight transporters and construction firms, company sources said. Stoppages at MAN will affect about 15,000 workers and initially be limited to five days starting on Monday, paralyzing headquarters in Munich and another plant in Salzgitter, the two sources said on Saturday on condition they not be identified because the matter is confidential. ...

Hitachi near $629 million British nuclear project deal: media Posted: 27 Oct 2012 03:29 AM PDT TOKYO (Reuters) - Hitachi Ltd , Japan's largest industrial electronics maker, is close to buying British nuclear new-build project Horizon in a deal expected to be worth more than 50 billion yen ($628.46 million), Japanese media said on Saturday. Horizon, which plans to build 6 gigawatts of nuclear capacity, was put up for sale by its German owners E.ON AG and RWE AG in March, as Germany's decision to pull out of nuclear power hurt the utilities' finances. ...

Merkel urges more far-reaching financial regulation Posted: 27 Oct 2012 03:42 AM PDT BERLIN (Reuters) - German Chancellor Angela Merkel urged the world's top economies to push ahead with further financial regulation, saying that not enough had been achieved so far. The global financial crisis has prompted an overhaul of regulation in almost every part of the financial system from over-the-counter derivatives to bank capital requirements. But Merkel said in her weekly podcast that more was needed. "In my view, we are not where we ought to be yet," she said. "We had planned to regulate every financial centre, every financial actor and every financial market product. ...

Spanish police protest the loss of Christmas bonus Posted: 27 Oct 2012 06:27 AM PDT About 3,000 off-duty police officers are demonstrating in Madrid to protest the government's austerity measures, including the cancellation of their Christmas bonuses.

FDA: Pharmacy tied to outbreak knew of bacteria Posted: 26 Oct 2012 04:23 PM PDT Staffers at a pharmacy linked to the deadly meningitis outbreak documented dozens of cases of mold and bacteria growing in rooms that were supposed to be sterile, according to federal health inspectors.

Russian opposition leaders detained in Moscow Posted: 27 Oct 2012 07:29 AM PDT Several Russian opposition leaders were detained Saturday while protesting what they say was the torture of a fellow activist.

American economy expands at modest 2 percent pace Posted: 26 Oct 2012 03:43 PM PDT The latest snapshot of economic growth shows the U.S. recovery remains tepid.

Weak earnings reports weigh on stocks Posted: 26 Oct 2012 01:36 PM PDT Stocks closed mostly lower Friday after investors found little to like in weak corporate earnings reports and news of only tepid growth in the U.S. economy in the third quarter.

Airlines ask fliers to reschedule due to hurricane Posted: 26 Oct 2012 03:36 PM PDT U.S. airlines are giving travelers a way out if they want to scrap their plans due to Hurricane Sandy.

Still on the rebound, Detroit hosts World Series Posted: 26 Oct 2012 02:03 PM PDT An ace pitcher and some of the game's best sluggers are the winning combination that has put the Detroit Tigers in the World Series for the second time since 2006. But miles away from Comerica Park, much of the city still seems many seasons from its own grand slam.

Johnson Controls declines lender role for A123 Posted: 27 Oct 2012 08:56 AM PDT Auto parts maker Johnson Controls is stepping away from its position as the debtor-in-possession lender during the bankruptcy process for battery maker A123 Systems in order to prevent delays.

German finance minister rules out Greek debt "haircut": radio Posted: 27 Oct 2012 08:42 AM PDT BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble ruled out public investors accepting a debt restructuring, or "haircut", on their Greek bonds but said in an interview to be aired on Sunday that a debt repurchasing program could be considered. "(A haircut) is a discussion that has little to do with the reality in the member states of the euro zone," Schaeuble said in an interview with Deutschlandfunk radio. Schaeuble said sovereign states could legally not write off billions of euros of losses on their official holdings of Greek government bonds. ...

Family of BBC's Savile offers sympathy to abuse victims Posted: 27 Oct 2012 08:16 AM PDT LONDON (Reuters) - The family of the BBC presenter at the center of a sex abuse scandal that has rocked the broadcaster offered its "deepest sympathy" to the late Jimmy Savile's victims on Saturday, saying it felt "despair and sadness". The statement came as the Roman Catholic Church in England said it had written to the Vatican to ask whether it was possible to strip Savile of a papal knighthood due to allegations he had sexually abused young girls. ...

Minister: Germany close to balanced budget in 2013 Posted: 27 Oct 2012 07:55 AM PDT Germany's finance minister says the government will come close to balancing its budget next year as economic growth outpaces public spending.

Young millennials _ fiscal conservatives? Posted: 27 Oct 2012 07:44 AM PDT This generation of young Americans has been called many things, from civic-minded to "entitled." But fiscally conservative?

South African mine strikes wind down with Amplats deal Posted: 27 Oct 2012 07:35 AM PDT JOHANNESBURG (Reuters) - Workers have reached a deal with Anglo American Platinum to reinstate 12,000 miners sacked for an illegal strike, which could end the last big industrial action that has rocked South Africa's massive mining sector. Months of often violent wildcat strikes have cut production in the platinum and gold sectors, raising concerns about slowing economic growth as well as awkward questions about President Jacob Zuma's management of the most damaging labor strife since the end of apartheid in 1994. ...

MAN SE to halt truck production for 4 weeks: sources Posted: 27 Oct 2012 07:34 AM PDT BERLIN (Reuters) - MAN SE plans to halt production of heavy-duty vehicles for four weeks at two German factories as the economic downturn curbs demand from freight transporters and construction firms, company sources said. Stoppages at MAN will affect about 15,000 workers and initially be limited to five days starting on Monday, paralyzing headquarters in Munich and another plant in Salzgitter, the two sources said on Saturday on condition they not be identified because the matter is confidential. ...

Russian opposition leaders detained in Moscow Posted: 27 Oct 2012 07:29 AM PDT Several Russian opposition leaders were detained Saturday while protesting what they say was the torture of a fellow activist.

Exclusive: Massachusetts' regulator eyes other firms on research Posted: 27 Oct 2012 06:29 AM PDT BOSTON (Reuters) - Massachusetts' top securities regulator said on Friday that his office is looking into whether top Wall Street investment banks in addition to Citigroup have leaked research in violation of state law on how to share this kind of information. "We are looking at all of them, Morgan Stanley, Goldman Sachs, JPMorgan," regulator William Galvin said in a telephone interview about the probe. "It is a very active investigation," Galvin said, declining to give more information about what kind of charges may be made. ...

Spanish police protest the loss of Christmas bonus Posted: 27 Oct 2012 06:27 AM PDT About 3,000 off-duty police officers are demonstrating in Madrid to protest the government's austerity measures, including the cancellation of their Christmas bonuses.

Russian opposition leaders detained Posted: 27 Oct 2012 06:20 AM PDT Russian opposition leaders have been detained while protesting what they say is the torture of a fellow activist.

Moody's warns may downgrade five big Canadian banks Posted: 27 Oct 2012 05:44 AM PDT NEW YORK/TORONTO (Reuters) - Moody's Investors Service warned on Friday it could cut its ratings on five top Canadian banks on concerns about a softening economy and volatile capital markets, a blow to a banking system named the soundest in the world four years in a row. But the outlook for the sector is no longer as rosy, Moody's said, because of the risks presented by the macroeconomic environment and a business mix that leans heavily on domestic mortgages and other consumer lending. ...

Russian tycoon to ditch business for politics Posted: 27 Oct 2012 05:34 AM PDT Billionaire New Jersey Nets owner and former Russian presidential candidate Mikhail Prokhorov said Saturday he's leaving business to focus full-time on politics, returning to the political arena after remaining silent through a five-month Kremlin crackdown on the opposition.

Air France demonstrators scuffle with police Posted: 27 Oct 2012 04:52 AM PDT Several hundred striking Air France workers have clashed with police during a demonstration inside Paris' Roissy-Charles de Gaulle airport.

Merkel urges more far-reaching financial regulation Posted: 27 Oct 2012 03:42 AM PDT BERLIN (Reuters) - German Chancellor Angela Merkel urged the world's top economies to push ahead with further financial regulation, saying that not enough had been achieved so far. The global financial crisis has prompted an overhaul of regulation in almost every part of the financial system from over-the-counter derivatives to bank capital requirements. But Merkel said in her weekly podcast that more was needed. "In my view, we are not where we ought to be yet," she said. "We had planned to regulate every financial centre, every financial actor and every financial market product. ...

Hitachi near $629 million British nuclear project deal: media Posted: 27 Oct 2012 03:29 AM PDT TOKYO (Reuters) - Hitachi Ltd , Japan's largest industrial electronics maker, is close to buying British nuclear new-build project Horizon in a deal expected to be worth more than 50 billion yen ($628.46 million), Japanese media said on Saturday. Horizon, which plans to build 6 gigawatts of nuclear capacity, was put up for sale by its German owners E.ON AG and RWE AG in March, as Germany's decision to pull out of nuclear power hurt the utilities' finances. ...

Insight - BP oil spill settlement before election seen unlikely Posted: 27 Oct 2012 03:04 AM PDT HOUSTON (Reuters) - For a president locked in a tough re-election fight, it may look like political gold: a settlement between the U.S. Justice Department and BP Plc over the Gulf of Mexico oil spill that could send billions of dollars to Florida, one of a handful of politically divided states that could decide the November 6 contest. Yet a last-minute settlement with London-based oil giant BP is unlikely before the election, experts say. ...

Wall St ends flat on Apple picking, but off for week Posted: 27 Oct 2012 02:36 AM PDT NEW YORK (Reuters) - U.S. stocks finished flat on Friday, recovering from moderate declines as bargain hunters rushed in to buy Apple and other stocks recently battered by disappointing results. For the week, though, stocks slid, following a series of weak results, especially from U.S. multinational companies. Apple's stock pulled back sharply from the session low, although it still ended down 0.9 percent at $604. ...

Critical IMF says no date for next Hungary aid talks Posted: 27 Oct 2012 02:32 AM PDT BUDAPEST (Reuters) - The International Monetary Fund has not fixed a date for its next round of aid talks with Hungary, the IMF's representative in Hungary said on Saturday, saying that Budapest's latest tax measures ran counter to its recommendations. Hungary on Friday scrambled to allay concerns that near year-long talks with the IMF were close to breaking down after a website said the IMF would not return to Budapest unless the government changed tack. Central Europe's most indebted nation, Hungary needs a financing backstop from the IMF in order to stabilize its shrinking economy. ...

Reebok eyes sales rebound in 2013: magazine Posted: 27 Oct 2012 02:31 AM PDT BERLIN (Reuters) - German sporting goods maker Adidas AG's struggling Reebok brand expects sales to rebound next year, German magazine Wirtschaftswoche reported on Saturday, citing Chief Marketing Officer Matt O'Toole. "Orders for 2013 are looking good," the magazine quoted O'Toole as saying in an interview. "We're expecting noticeable growth" in sales. Global sales at Reebok slumped 16 percent year-on-year in the first half of 2012, Wirtschaftswoche said. That performance contrasts sharply with the rest of the Adidas group, which expects overall sales to rise nearly 10 percent to about 14. ...

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