IBT Staff Reporter

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EU Crisis Deal Lifts Stocks, Euro to 2-Month High

World stocks and the euro rose to their highest levels in nearly two months on Thursday after European leaders struck a deal to resolve a two-year-old sovereign debt crisis, which threatens the survival of the single currency.

Virgin Media reassures with solid third quarter growth

LONDON, Oct 27 - Britain's Virgin Media added 6,300 net new cable customers in the third quarter, reassuring investors after a disappointing second quarter, as subscribers showed a willingness to pay for higher quality services.

Logitech sticks to FY goals as Q2 in line

Logitech, the world's largest computer mouse maker, is sticking to its full-year outlook after posting a second-quarter net profit of $17 million, returning to the black after a loss in the previous quarter.

Nintendo slashes forecast again to just break even

Nintendo Co Ltd slashed its annual earnings outlook for the second time this year to just break-even on Thursday, as the soaring yen and weak software sales dealt a fresh blow to the former games industry champion.

Stocks, Euro Hit 2-Month High after European Debt Deal

World stocks and the euro rose to their highest levels in nearly two months on Thursday after European leaders struck a deal to resolve a two-year-old sovereign debt crisis, which threatens the survival of the single currency.

World stocks, euro hit two-month high after EU summit

World stocks and the euro rose to their highest levels in nearly two months on Thursday after European leaders struck a deal to resolve a two-year-old sovereign debt crisis, which threatens the survival of the single currency.

Shell's Q3 profits soar on higher oil price

Royal Dutch Shell Plc reported a doubling in profits on Thursday thanks to higher oil prices, robust demand for gas and stronger refining margins, and said it would continue to sell off non-core assets.

Sharp cuts outlook as TV sales slide

Sharp Corp cut its full-year operating profit forecast by 12 percent, hit by sliding domestic television sales but the cut was not as bad as the market had feared.

Hyundai sees rising competition after Q3 profit rise

South Korea's Hyundai Motor <005380.KS> warned of rising competition and economic uncertainty after it posted on Thursday a 21 percent rise in quarterly net profit, fueled by solid sales gains in the United States, Europe and other markets.

Asia shares, euro rise on EU summit

European stock index futures rose on Thursday as riskier assets across the board and the euro rallied in Asia, after European leaders agreed to boost their region's rescue fund and have private bondholders accept a huge loss on their Greek debt.

Farrelly Brothers to do another Dumb and Dumber

Dumb and Dumber is getting dumber yet.The Farrelly Brothers will direct a sequel to their 1994 hit -- and they plan to reunite Jim Carrey and Jeff Daniels to resurrect their beloved (and dumb) roles, TheWrap has confirmed.

Warners stops selling movies to Blockbuster in dispute

Warner Bros. has stopped selling its new releases to Blockbuster in an attempt to force the chain to accept a 28-day rental window. Warners wants Blockbuster to wait that long before renting out DVDs or Blu-rays, the way Netflix and Redbox do.

Sharp posts rise in quarterly profit, trims outlook

Sharp Corp reported a 44 percent rise in quarterly earnings, beating analysts' expectations, but cut its full year forecast as shriveling domestic television sales offset growing demand for smartphones and tablets.

Hyundai Q3 profit up 21 percent; meets forecast

South Korea's Hyundai Motor <005380.KS> posted a 21 percent rise in quarterly net profit, meeting consensus, fueled by solid sales gains in the United States, Europe and other markets despite global economic uncertainty.

Sharapova Hands Wozniacki No. 1 Spot

Despite losing 6-2, 4-6, 3-6, to Russian Vera Zvonareva on Wednesday, Denmark's Caroline Wozniacki confirms her position at the top of the WTA women's singles tennis rankings.

Euro zone strikes deal on second Greek package

Euro zone leaders struck a deal with private banks and insurers on Thursday for them to accept a 50 percent loss on holdings of Greek government bonds as part of a plan to lower Greece's debt burden and try to contain the two-year-old euro zone crisis.

Regulator said to mull forgiving mortgage debt

The regulator for Fannie Mae and Freddie Mac was reviewing a proposal to help troubled homeowners by forgiving a portion of their outstanding mortgage debt, Democrats in the House of Representatives said on Wednesday.

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