COMPANIES

Verizon Strike Update: Sides Still Far Apart

Verizon
The Verizon strike of 45,000 landline employees has hit its ninth day and doesn't show any signs of stopping anytime soon, as the two sides continue to stand far apart on many issues.
One kilogram gold bars are seen in this picture illustration

Harmony sticks to 2 mln oz output target for 2015

The chief executive of Harmony Gold, Africa's third largest gold producer, said on Monday he remained committed to a 2015 output target of 2 million ounces despite a decline in production over the last financial year.
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Chinese companies on a Foreign Foray

Stocks Bounce on U.S. Cues; Sentiment Wary

Asian equities bounced on Monday and safe-haven assets like gold and the Swiss franc fell as market players cautiously returned to pick up bargains after last's week wild ride, though concerns over the weak global economic outlook may keep gains in check.
One kilogram gold bars are seen in this picture illustration

Gold falls 1.5 per cent as Wall Street revives

Gold dropped 1.5 percent on Friday, falling further from the previous session's record highs, as a rise in appetite for riskier assets prompted profit-taking from bullion's sharp safe-haven rally this week.
Copper

Anvil completes work on new copper plant in Congo

Anvil Mining Ltd said it has completed construction of a new plant at its Kinsevere copper mine in the Democratic Republic of Congo and commercial production from the facility is set to begin in the current quarter.
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Verizon gets picket injunctions in 3 states, seeks more

Verizon Communications (VZ.N) won court injunctions in three states to prevent strikers from blocking facilities and it was seeking similar legal protection in two more states on the fifth day of a strike involving almost half the workers in its wireline business.
The Standard and Poor's building is seen in New York

SEC investigating S&P's downgrade of U.S. debt: report

The U.S. Securities and Exchange Commission (SEC) has asked rating agency Standard & Poor's (S&P) to disclose which employees knew of its decision to downgrade U.S. debt before it was announced last week, the Financial Times said, citing people familiar with the matter.
HP logo is seen outside Hewlett-Packard Belgian headquarters in Diegem

HP Upgraded to 'Buy' at Jefferies

Jefferies has upgraded PC giant Hewlett-Packard Co. (NYSE:HPQ) to "buy" from "hold," saying that the company is expected to deliver higher margins over long-term and is best positioned to benefit from the increasing demand for cloud services.
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Two states sue BNY Mellon over FX trades

Bank of New York Mellon (BK.N) was sued by two U.S. states on Thursday over allegations that the company overcharged pension funds on foreign exchange transactions.
One kilogram gold bars are seen in this picture illustration

Spot gold reverse early losses on econ worries

Spot gold reversed early losses, putting it back on track for its best week since January 2009 as worries about the euro zone debt crisis and global growth drive investors to safe havens.
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Phone hacking in focus at Trinity Mirror's results

British newspaper publisher Trinity Mirror will report first-half results on Friday and give an update on current trading expected to show a benefit from the closure of rival News Corp's News of the World.
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O'Charley's sees food costs eating into margins, shares down

O'Charley's Inc said it sees increased food and beverage costs -- mainly from higher beef prices -- continuing to weigh on its margins, and the casual dining chain posted a wider-than-expected quarterly loss, sending its shares down to their lowest in more than two years.
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L&T Finance shares fall on market debut

Shares in L&T Finance Holdings fell as much as 5.2 percent on their trading debut on Friday, casting a shadow over the prospects of new share sales in a sluggish stock market.
Jeff Locker, a Wyoming farmer, displays water filters from his well

Panel seeks more disclosure on natural gas drilling

A federal panel sketched out its first vision of a regulatory roadmap for the booming shale natural gas industry on Thursday, urging more transparency on the use of chemicals and more careful treatment of waste water.
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HIA Seeks RBA Rate Cuts to Bolster Growth

Members of Australia's largest organization of residential builders--the Housing Industry Association--had sought the Reserve Bank's policy intervention to slash down benchmark lending rates to spur consumer confidence to spend more and allow more room for the industry to grow.

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