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Reasoning behind McCarthy's drop out: Pro  

Representative Charles Dent weighs in on Kevin McCarthy dropping out of House speaker race.
Source: CNBC.com
New rules drive life insurers to hedge pension risk outside Europe

*EU insurers look to reinsure outside Europe. LONDON, Oct 8- Life insurers selling higher-risk products like annuities are moving to reinsure or hedge this business outside Europe to soften the impact of new capital rules which could add hundreds of millions of pounds to their costs. This is expected to benefit insurers in the United States and other countries...
Source: Reuters | By: Carolyn Cohn
INSIGHT-US cancer doctors drop pricey drugs with little or no effect

At least half a dozen drugs, including colon cancer treatments Cyramza, from Eli Lilly& Co, and Stivarga, sold by Bayer AG, aren't worth prices that can exceed $100,000 a year, top cancer specialists said in interviews with Reuters. If specialists do start considering a drug's cost in their prescribing habits, such decisions could dent the multibillion-dollar...
Source: Reuters | By: Deena Beasley
Oncologist drop pricey drugs with little or no effect

Oncologists, aware that patients are paying the costs of expensive cancer drugs, are declining to prescribe medicines that have scant or no effect.
Source: Reuters
Stephon Marbury calls Michael Jordan 'greedy'

Stephon Marbury took to Twitter this week to promote his sneaker brand and criticize basketball great and entrepreneur Michael Jordan.
Source: CNBC.com | By: Sarah Whitten
Euro holds the line as ECB easing bets offset by grounded Fed

Expectations the central banks would chart different courses dragged the euro from around $1.40 in May 2014 to a 12- year low below $1.05 in March, when the European Central Bank launched its trillion euro plus asset purchase program. HSBC now expects the euro to end 2015 at $1.15, up from $1.1220 on Wednesday. The Fed is seen as the hawk while the ECB is the dove, " HSBC...
Source: Reuters | By: Anirban Nag
PRECIOUS-Gold well-bid on expectations of U.S. rate hike delay

SINGAPORE, Oct 7- Gold held close to its highest in nearly two weeks on Wednesday, as more sluggish U.S. economic data supported investor views that the Federal Reserve will delay a rate hike to next year. *Spot gold was little changed at $1,147.40 an ounce by 0039 GMT. *The International Monetary Fund cut its global growth forecasts for a second time this year on...
Source: Reuters
The worst may be behind us: Bob Doll

Stock market selling looks like it has become exhausted for the moment, Nuveen Asset Management's Bob Doll said Monday.
Source: CNBC.com | By: Tom DiChristopher
METALS-Copper rises on weak dollar, equity rally

*Copper rises on weak dollar, expectations for a delay in a U.S. rate hike. LONDON, Oct 5- Copper rose on Monday alongside global equity markets after a disappointing U.S. jobs report pushed back expectations for a U.S. rate rise and weakened the dollar. "The market is postponing its expectations of a mid-term rate hike," said Jens Pedersen, senior commodities analyst at...
Source: Reuters
PRECIOUS-Gold slips on profit-taking but soft US jobs data supports

*Gold dips 0.3 pct after 2.2 percent gain on Friday. SINGAPORE, Oct 5- Gold slipped on Monday on profit-taking, but largely retained gains from its biggest jump in nearly nine months in the previous session as weak U.S. jobs data eased fears the Federal Reserve would hike rates this year. Nonfarm payrolls rose by only 142,000 last month, below economist expectations...
Source: Reuters | By: A. Ananthalakshmi