US STOCKS-Wall St up; S&P on track for best week in 2015 *American, United Airline forecast lift airline stocks. *Tesla hit by Barclays downgrade. "The fact that we had a correction in August gives the market some room to move," said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin, Texas.
| By: Abhiram Nandakumar
ANALYSIS -Soft UK interest rate take-off could unnerve Britons LONDON, Oct 9- When British interest rates finally go up for the first time in nearly 10 years, the impact risks unsettling consumers who are driving the economy even if the Bank of England tries to make the take-off as gentle as possible. With lending rates historically low, household consumption has been recovering and even rose 3.1 percent year-on-year in the...
| By: Ana Nicolaci da Costa
US stocks move higher, on track for best week this year DIGGING AWAY: European commodities giant Glencore jumped 6 percent in London after the company announced it would slash zinc production by a third. Freeport-McMoRan followed Glencore higher, rising 14 cents, or 1 percent, to $13.60. GREAT WEEK: Global markets also had a strong week, with Germany's DAX up 5.6 percent, France's CAC-40 up 5.4 percent and the U.K.' s FTSE...
Source: The Associated Press
| By: By KEN SWEET, AP Business Writer
UPDATE 2-Wal-Mart gets new CFO from Walmart International Oct 9- Wal-Mart Stores Inc said on Friday Chief Financial Officer Charles Holley would retire on Dec. 31, and named Walmart International CFO Brett Biggs as his successor. Biggs had previously been CFO of Walmart U.S. and held senior positions in the Sam's Club division before that. The company's shares were trading slightly up at $66.97 in early trading on the New...
UK takeover rules frustrate Bud's pursuit of SABMiller *Looming "put up or shut up" deadline recalls failed Pfizer bid. Just hours after making public its $100 billion proposal for SABMiller in what would be the biggest-ever UK company takeover, the Belgian firm was forced to issue an embarrassing clarification. As well as a test for AB InBev, which has done lots of deals but never in the UK, the SAB approach is another...
| By: Freya Berry
Europe post best week since January post Fed European stocks saw their best week since January after risk-on sentiment staged a return to financial markets on fresh optimism over the timing of interest rate rises on both sides of the Atlantic.
| By: Jenny Cosgrave
US STOCKS-Wall St rises as chances of 2015 rate hike fade *Tesla shares down after Barclays downgrade. Oct 9- Wall Street opened slightly higher on Friday, keeping the S&P 500 on track for its best week this year, as investors bet the Federal Reserve would not move interest rates off near-zero levels this year. "It was more a case of an abundance of caution rather than worry," said Brad McMillan, chief investment officer for...
| By: Abhiram Nandakumar
European shares on track for biggest nine-month gain, led by miners *Givaudan shares rise as maintains targets. MILAN/ LONDON, Oct 9- European shares rose to a one-month high on Friday and were set for their biggest weekly gain since January on stronger mining stocks and renewed hopes that interest rates will stay ultra-low for longer. "The market seems to have switched back into a QE-mood where bad news is being interpreted...
| By: Danilo Masoni and Atul Prakash