United States


  • Shell begins drilling well at Beaufort Sea prospect Thursday, 4 Oct 2012 | 12:04 AM ET

    has started drilling a well in the Beaufort Sea off northern Alaska, making good on exploration plans that had been stalled by floating ice, technical delays and problems with meeting oil spill-preparation requirements.

  • U.S. strip mall recovery stalls in the third quarter Thursday, 4 Oct 2012 | 12:01 AM ET

    *Demand for strip mall space drops in third quarter. NEW YORK, Oct 4- The nascent recovery at U.S. strip malls stalled in the third quarter as retail sales struggled. But large regional malls continued to rebound, driven by top-quality malls with high-end department and specialty stores, real estate research firm Reis Inc said Thursday.

  • Race to cut ETF costs may leave investors in the dark Thursday, 4 Oct 2012 | 12:00 AM ET

    NEW YORK, Oct 4- Exchange-traded funds are waging a price war that may save investors money on fees, but cheaper fund choices pose a greater risk because they may rely on new, more-opaque indexes.

  • Italy - Factors to watch on Oct. 4 Thursday, 4 Oct 2012 | 12:00 AM ET

    The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs.

  • DUBAI, Oct 4- An Islamic trade association in Iran strongly condemned the protests that flared in Tehran's main bazaar as an enemy conspiracy and said traders had dealt with the "treacherous" acts, Iran's state news agency reported late on Wednesday.

  • TOKYO, Oct 4- Tokyo Governor Shintaro Ishihara, a fiery nationalist whose failed bid to buy a group of disputed islands ignited a crisis with China, is pushing ahead with a plan to build structures there to hammer home Japan's claim, officials involved told Reuters.

  • Oct 3- American Airlines and its pilots union resumed contract talks Wednesday, but other problems continued to beset the bankrupt carrier. "I will never ride on American Airlines ever again," said Tony Palm, who was stranded when a connecting flight on American from Chicago to New York's LaGuardia airport was canceled last month.

  • Trading house Marubeni Corp gained 1.4 percent to 498 yen after Barclays Securities lifted its price target on the stock to 700 yen from 650, saying the company had lower exposure to resources businesses than its peers. to 1,860 yen from 2,000, Mitsui& Co to 1,320 yen from 1,350, Sumitomo Corp to 1,190 yen from 1,230, and Itochu Corp to 1,070 yen from 1,100..

  • *Jittery investors await U.S. job data, watch Europe. *Social unrest in Iran, Turkey- Syria clashes in focus. SINGAPORE, Oct 4- Brent futures steadied above $108 a barrel on Thursday after a sharp drop in the previous session, with investors waiting for a European Central Bank policy meeting and critical jobs data out of the United States this week for more trading cues.

  • UPDATE 1-Singapore to allow dual-class shares Wednesday, 3 Oct 2012 | 11:03 PM ET

    SINGAPORE, Oct 4- Singapore will allow companies to issue different classes of shares, its Finance Ministry said, a move that may in time help its stock exchange win new listings.

  • RPT-Danish shipper asks Vitol if tanker used for Iran oil Wednesday, 3 Oct 2012 | 10:56 PM ET

    SINGAPORE, Oct 3- Danish oil and shipping group A.P. Moller Maersk says it will talk to Vitol to determine whether one of its tankers was used by the trading house to ship Iranian fuel oil. The cargo was transferred aboard the Danish tanker from Vitol's floating storage off Malaysia, the document shows, and shipped to storage in Singapore.

  • MELBOURNE, Oct 4- Australian shares were up 0.2 percent on Thursday as banks rose while miners fell, with sentiment dented by soft retail sales figures for August and declines in oil and copper prices. Top banks continued this week's post rate-cut gains, led by a 1.2 percent rise in Westpac Banking Corp.

  • Asia stocks up on mildly positive US data Wednesday, 3 Oct 2012 | 10:48 PM ET

    Some investors remained cautious due to events in Spain. Spain is under pressure to ask for financial assistance from the European Central Bank to keep a lid on its borrowing costs but the government has been reluctant to do so because it may come with conditions on its budget.

  • UPDATE 1-Louis Dreyfus sells energy trading ops Wednesday, 3 Oct 2012 | 10:48 PM ET

    Oct 4- Louis Dreyfus Group and a unit of JPMorgan Chase& Co have agreed to sell their jointly owned energy trading business to two investor groups, the companies said on Thursday.

  • Japan's big three automakers, Toyota Motor Corp, Nissan Motor Co and Honda Motor Co, were in demand as investors factored in concerns over sputtering global growth and sluggish demand from China amid rising anti-Japanese sentiment over a territorial dispute.

  • PETA protests injury to whale at SeaWorld San Diego Wednesday, 3 Oct 2012 | 10:29 PM ET

    *SeaWorld disputes claim injury inflicted by another whale. *In protest, animal rights group calls for SeaWorld boycott. "We are encouraging the public to boycott SeaWorld over their treatment of these killer whales, which results in injuries to the animals and to the trainers," said Matt Bruce, a local spokesman for the animal rights group.

  • Alaska gas line project could cost $65B or more Wednesday, 3 Oct 2012 | 10:25 PM ET

    JUNEAU, Alaska-- A liquefied natural gas project in Alaska could cost more than $65 billion and would represent a mega-project of "unprecedented scale and challenge," officials behind the project told Gov.

  • Gambling chiefs race for share of U.S. online gaming Wednesday, 3 Oct 2012 | 10:24 PM ET

    Our biggest challenge is converting the 25 to 35 year old to becoming participants in our industry, "said Brian Gamache, chief executive of slot machine maker WMS Industries Inc at the annual Global Gaming Expo in Las Vegas.

  • TOKYO, Oct 4- The Nikkei average advanced 0.3 percent and the broader TOPIX rose 0.6 percent on Thursday morning. Struggling chipmaker Renesas Electronics Corp jumped 7.8 percent to 303 yen on short-squeeze after it said a larger-than-expected number of employees volunteered for its redundancy scheme.

  • Nihon Kohden Corp gained 4.4 percent to 2,744 yen after trading as high as 2,770 yen to a two-month high after J.P. Morgan raised its price target on the medical equipment maker to 4,100 yen from 3,700, saying it expected the firm to overshoot its first-half earnings guidance on strong Japanese sales.