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• Wall Street Week Ahead: Big-name profit warnings may mean a pullback
• Insight: The Lex Factor roils Dow Jones
• UK says prepared to veto EADS-BAE merger
• Honda recalls 489,000 CR-Vs in U.S., Europe
• Single euro-zone budget gains momentum ahead of summit
• Canada says India slow to invest in Alberta oil sands
• Qatar Tel ups stake in Kuwait Wataniya in $1.8 billion deal
• Wildcat strikes up stakes in South Africa labor game
• China Golden week retail sales growth dips to 15 percent
• Gulf Coast senators to Obama: Ensure BP spill deal is fair
• Neeson doubles the take with $50M 'Taken 2' debut
• UK phone hacking victims urge press regulation
• Large anti-austerity protest in 56 Spanish cities
• Etihad Airways reports 19 percent jump in Q3 sales
• Calif. gasoline prices hit all-time high - twice
• Qatar Telecom boosts stake in Kuwaiti telecom firm
• Iran's parliament drops impeachment over economy
• Neeson doubles the take with $50M 'Taken 2' debut
• Some in Vt. not sweet on standard syrup grading
• Calif. gasoline prices hit all-time high - twice
• UK says prepared to veto EADS-BAE merger
• From words to deeds: Why election matters
• Miss Manners on sentiments in the digital age
• Social media among threats to greeting card makers
• Insight: The Lex Factor roils Dow Jones
• China Golden week retail sales growth dips to 15 percent
• $1.4T in states' pension fights foreshadowed in RI
• UK says BAE-EADS must be free from government control
• Wildcat strikes up stakes in South Africa labor game
• Canada says India slow to invest in Alberta oil sands
• Etihad Airways reports 19 percent jump in Q3 sales
• Single euro-zone budget gains momentum ahead of summit
• Calif. gas prices hit all-time high
• Iran's parliament drops impeachment over economy
• Wall Street Week Ahead: Big-name profit warnings may mean a pullback
• Britain must cut more to reduce deficit: PM Cameron

Wall Street Week Ahead: Big-name profit warnings may mean a pullback Posted: 07 Oct 2012 02:26 AM PDT NEW YORK (Reuters) - Wall Street may be bracing for a pullback as U.S. earnings season begins next week - if the clouds of profit warnings from bellwethers ranging from FedEx to Hewlett-Packard lead to a downpour of lower profits - or even losses. Thanks to aggressive stimulus plans from central banks around the world, the Standard & Poor's 500 index gained 5.8 percent over the third quarter. That sharp rally occurred even as companies were struggling. Earnings for that period are forecast to fall 2.4 percent from the year-ago quarter. ...

Insight: The Lex Factor roils Dow Jones Posted: 07 Oct 2012 06:14 AM PDT (Advisory: this article contains profanity in the fourth, 27th and 41st paragraphs.) NEW YORK (Reuters) - He's tearing down walls. He's tossing out old business models. And he's dressing down people, publicly and profanely, in the once-buttoned-down halls of Dow Jones & Co., publisher of the august Wall Street Journal. Lex Fenwick (pronounced FEN-nick), a long-time Bloomberg LP executive, is making his mark on Dow Jones, the News Corp subsidiary where he became chief executive officer earlier this year. ...

UK says prepared to veto EADS-BAE merger Posted: 07 Oct 2012 08:21 AM PDT BIRMINGHAM, England (Reuters) - Britain will block the proposed $45 billion merger between EADS and BAE Systems if key "red line" priorities are not met, defense minister Philip Hammond said on Sunday, just three days before a deadline for detailing the deal. Tensions over the supermerger have spilled into the open in recent days as France, Britain and Germany jockey over the role of the state in what would be the world's largest aerospace and arms group. "We want to see this company ... ...

Honda recalls 489,000 CR-Vs in U.S., Europe Posted: 07 Oct 2012 01:15 AM PDT TOKYO (Reuters) - Honda Motor Co said it would recall about 489,000 CR-Vs in Europe and the United States after finding rain water may enter the vehicles' power window switch on the driver's door, which could ultimately cause the switch to overheat and catch fire. The Japanese automaker will be recalling about 220,000 CR-V sport utility vehicles in Europe, some 268,000 units in the United States and fewer than 100 in Africa, a Honda spokeswoman said on Sunday. All the recalled vehicles are from model years 2002 through 2006. ...

Single euro-zone budget gains momentum ahead of summit Posted: 07 Oct 2012 03:53 AM PDT BRUSSELS (Reuters) - Debate about the idea of creating a separate budget for euro zone countries is intensifying in the run up to an EU summit later this month, with less opposition to the proposal than many officials first expected, diplomats say. At a private dinner held last week among the EU ambassadors of several northern European countries, including Britain, Denmark, the Netherlands and Finland, those present were surprised to find a fair degree of consensus on the proposal. ...

Canada says India slow to invest in Alberta oil sands Posted: 07 Oct 2012 05:38 AM PDT OTTAWA (Reuters) - Indian companies are lagging behind when it comes to investing in Canada's giant oil sands but could well start making deals within the next five years, Canadian Energy Minister Joe Oliver says. Oliver, speaking to Reuters before a visit to Delhi and Mumbai, said Canadian energy industry needs C$650 billion ($663 billion) in investment over the next decade. Ottawa concedes much of it will have to come from abroad. To some political consternation in Canada, China is rapidly buying up assets in the tar sands of northern Alberta, one of the world's biggest crude oil deposits. ...

Qatar Tel ups stake in Kuwait Wataniya in $1.8 billion deal Posted: 07 Oct 2012 02:15 AM PDT DUBAI (Reuters) - Qatar Telecom (Qtel) has nearly doubled its stake in Kuwait's No.2 operator Wataniya to 92.1 percent, giving an instant boost to its bottom line and more control of subsidiaries in the high growth markets of Algeria and Tunisia. Qtel, which operates in 16 countries across the Middle East, Africa and Asia, will pay 519.1 million Kuwaiti dinars ($1.8 billion) at 2.6 dinars per share to raise its stake in Wataniya from 52.5 percent, it said in a statement on Sunday. ...

Wildcat strikes up stakes in South Africa labor game Posted: 07 Oct 2012 05:41 AM PDT IKANINI, South Africa (Reuters) - The rules of the game in South Africa's labour market have changed and the new players are workers such as Tshepo Modise and Thulani Soko, wildcat strikers at mining giant Anglo American Platinum (Amplats) . They feel underpaid, stretched to the limit financially and betrayed by established unions they say are more concerned about ties with politicians and management than workers in the shafts. ...

China Golden week retail sales growth dips to 15 percent Posted: 07 Oct 2012 06:00 AM PDT BEIJING (Reuters) - China's retail sales growth slowed during the Golden Week holiday, local media said on Sunday, providing a snapshot of increasingly important sources of demand in the world's second-largest economy. Overall retail sales revenue grew 15 percent to hit 800.6 billion yuan ($127.4 billion) during the National Day holiday, which coincided with the Mid-Autumn Festival to provide a rare eight-day break, China's state television China Central Television said. That marked a cooldown from the 17.5 percent growth last year during a seven-day holiday. ...

Gulf Coast senators to Obama: Ensure BP spill deal is fair Posted: 06 Oct 2012 07:16 PM PDT WASHINGTON (Reuters) - Senators from the U.S. Gulf Coast urged President Barack Obama on Friday to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine a recently passed law that would funnel billions of dollars worth of fines to their states. The U.S. Justice Department and BP Plc have discussed a potential settlement for damages caused both to Gulf waters and the coastline, which could be worth billions of dollars to states still trying to recover from the worst offshore oil spill in U.S. history. ...

Neeson doubles the take with $50M 'Taken 2' debut Posted: 07 Oct 2012 09:01 AM PDT Critics don't like "Taken 2," but Liam Neeson's action sequel proved twice as popular as the original movie was.

UK phone hacking victims urge press regulation Posted: 07 Oct 2012 04:32 AM PDT Dozens of Britons who believe their phones were illegally tapped by journalists have written to Prime Minister David Cameron urging him to consider tighter press regulation.

Large anti-austerity protest in 56 Spanish cities Posted: 07 Oct 2012 06:18 AM PDT Thousands of people are marching in 56 Spanish cities to protest punishing austerity cuts they say will only increase unemployment and job insecurity in a country suffering from its second recession in three years and record high unemployment.

Etihad Airways reports 19 percent jump in Q3 sales Posted: 07 Oct 2012 04:51 AM PDT Gulf carrier Etihad Airways said Sunday a jump in passenger numbers flying aboard its fast-growing fleet drove third-quarter sales 19 percent higher to $1.3 billion.

Calif. gasoline prices hit all-time high - twice Posted: 07 Oct 2012 08:39 AM PDT California motorists faced another day of record-breaking gasoline prices Sunday, though relief appeared to be on the way.

Qatar Telecom boosts stake in Kuwaiti telecom firm Posted: 07 Oct 2012 01:37 AM PDT Qatar Telecom says it is paying $1.8 billion to substantially boost its stake in Kuwaiti telecommunications operator Wataniya.

Iran's parliament drops impeachment over economy Posted: 07 Oct 2012 02:36 AM PDT Iran's parliament on Sunday abandoned its planned impeachment of a Cabinet minister over the free-fall of the country's currency, opting instead to look for more effective economic measures, like cutting spending.

Neeson doubles the take with $50M 'Taken 2' debut Posted: 07 Oct 2012 09:01 AM PDT Critics don't like "Taken 2," but Liam Neeson's action sequel proved twice as popular as the original movie was.

Some in Vt. not sweet on standard syrup grading Posted: 07 Oct 2012 08:49 AM PDT In a state that has a long history of maple syrup production and fiercely protects the purity of its brand, Vermont producers are proud of their "fancy," ''grade A dark amber" and "grade B" syrup.

Calif. gasoline prices hit all-time high - twice Posted: 07 Oct 2012 08:39 AM PDT California motorists faced another day of record-breaking gasoline prices Sunday, though relief appeared to be on the way.

UK says prepared to veto EADS-BAE merger Posted: 07 Oct 2012 08:21 AM PDT BIRMINGHAM, England (Reuters) - Britain will block the proposed $45 billion merger between EADS and BAE Systems if key "red line" priorities are not met, defense minister Philip Hammond said on Sunday, just three days before a deadline for detailing the deal. Tensions over the supermerger have spilled into the open in recent days as France, Britain and Germany jockey over the role of the state in what would be the world's largest aerospace and arms group. "We want to see this company ... ...

From words to deeds: Why election matters Posted: 07 Oct 2012 07:53 AM PDT When you vote for Democrat Barack Obama or Republican Mitt Romney in November, you'll be voting for more than a president. You'll be casting a ballot for and against a checklist of policies that touch your life and shape the country you live in.

Miss Manners on sentiments in the digital age Posted: 07 Oct 2012 07:38 AM PDT In an age when people can choose among text messages, email, Facebook and old-fashioned stamps and printed cards, the chance to use the wrong method when sending your very best is quite high.

Social media among threats to greeting card makers Posted: 07 Oct 2012 07:18 AM PDT Say it's your birthday or you've just had a baby, maybe got engaged or bought your first house. If you're like many Americans, your friends are texting their congratulations, sending you an e-card or clicking "Like" on your Facebook wall.

Insight: The Lex Factor roils Dow Jones Posted: 07 Oct 2012 06:14 AM PDT (Advisory: this article contains profanity in the fourth, 27th and 41st paragraphs.) NEW YORK (Reuters) - He's tearing down walls. He's tossing out old business models. And he's dressing down people, publicly and profanely, in the once-buttoned-down halls of Dow Jones & Co., publisher of the august Wall Street Journal. Lex Fenwick (pronounced FEN-nick), a long-time Bloomberg LP executive, is making his mark on Dow Jones, the News Corp subsidiary where he became chief executive officer earlier this year. ...

China Golden week retail sales growth dips to 15 percent Posted: 07 Oct 2012 06:00 AM PDT BEIJING (Reuters) - China's retail sales growth slowed during the Golden Week holiday, local media said on Sunday, providing a snapshot of increasingly important sources of demand in the world's second-largest economy. Overall retail sales revenue grew 15 percent to hit 800.6 billion yuan ($127.4 billion) during the National Day holiday, which coincided with the Mid-Autumn Festival to provide a rare eight-day break, China's state television China Central Television said. That marked a cooldown from the 17.5 percent growth last year during a seven-day holiday. ...

$1.4T in states' pension fights foreshadowed in RI Posted: 07 Oct 2012 05:49 AM PDT Retired social worker Jim Gillis was told his $36,000 Rhode Island state pension would increase by $1,100 next year to keep up with inflation. But lawmakers suspended annual increases, leaving Gillis wondering how he'll pay medical bills and whether he'd been betrayed by his former employer.

UK says BAE-EADS must be free from government control Posted: 07 Oct 2012 05:48 AM PDT LONDON (Reuters) - Britain will veto the proposed $45 billion merger between EADS and BAE Systems if its "red line" conditions are not met, British Defence Secretary Philip Hammond said on Sunday. He told BBC radio the merged aerospace-defence group could not be controlled by any one government. "It is not necessary to have no French or German government interest in the company. It is necessary to reduce that stake below the level at which it can control or direct the way the company acts," he said. (Reporting by Tim Castle; editing by Ron Askew)

Wildcat strikes up stakes in South Africa labor game Posted: 07 Oct 2012 05:41 AM PDT IKANINI, South Africa (Reuters) - The rules of the game in South Africa's labour market have changed and the new players are workers such as Tshepo Modise and Thulani Soko, wildcat strikers at mining giant Anglo American Platinum (Amplats) . They feel underpaid, stretched to the limit financially and betrayed by established unions they say are more concerned about ties with politicians and management than workers in the shafts. ...

Canada says India slow to invest in Alberta oil sands Posted: 07 Oct 2012 05:38 AM PDT OTTAWA (Reuters) - Indian companies are lagging behind when it comes to investing in Canada's giant oil sands but could well start making deals within the next five years, Canadian Energy Minister Joe Oliver says. Oliver, speaking to Reuters before a visit to Delhi and Mumbai, said Canadian energy industry needs C$650 billion ($663 billion) in investment over the next decade. Ottawa concedes much of it will have to come from abroad. To some political consternation in Canada, China is rapidly buying up assets in the tar sands of northern Alberta, one of the world's biggest crude oil deposits. ...

Etihad Airways reports 19 percent jump in Q3 sales Posted: 07 Oct 2012 04:51 AM PDT Gulf carrier Etihad Airways said Sunday a jump in passenger numbers flying aboard its fast-growing fleet drove third-quarter sales 19 percent higher to $1.3 billion.

Single euro-zone budget gains momentum ahead of summit Posted: 07 Oct 2012 03:53 AM PDT BRUSSELS (Reuters) - Debate about the idea of creating a separate budget for euro zone countries is intensifying in the run up to an EU summit later this month, with less opposition to the proposal than many officials first expected, diplomats say. At a private dinner held last week among the EU ambassadors of several northern European countries, including Britain, Denmark, the Netherlands and Finland, those present were surprised to find a fair degree of consensus on the proposal. ...

Calif. gas prices hit all-time high Posted: 07 Oct 2012 03:45 AM PDT Gasoline price in California continue to rise, even after exceeding a four-year high on Saturday.

Iran's parliament drops impeachment over economy Posted: 07 Oct 2012 02:36 AM PDT Iran's parliament on Sunday abandoned its planned impeachment of a Cabinet minister over the free-fall of the country's currency, opting instead to look for more effective economic measures, like cutting spending.

Wall Street Week Ahead: Big-name profit warnings may mean a pullback Posted: 07 Oct 2012 02:26 AM PDT NEW YORK (Reuters) - Wall Street may be bracing for a pullback as U.S. earnings season begins next week - if the clouds of profit warnings from bellwethers ranging from FedEx to Hewlett-Packard lead to a downpour of lower profits - or even losses. Thanks to aggressive stimulus plans from central banks around the world, the Standard & Poor's 500 index gained 5.8 percent over the third quarter. That sharp rally occurred even as companies were struggling. Earnings for that period are forecast to fall 2.4 percent from the year-ago quarter. ...

Britain must cut more to reduce deficit: PM Cameron Posted: 07 Oct 2012 02:16 AM PDT BIRMINGHAM, England (Reuters) - Britain must find more spending cuts to reduce the budget deficit, Prime Minister David Cameron said on Sunday, after a return recession this year raised speculation the government was set to miss its own deficit reduction targets. Cameron, in an interview with the BBC, also said he would use Britain's veto to scupper European Union budget talks if necessary, warning the 27-nation bloc it needed to learn to live within its means. ...

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