United States


  • Nikkei set to weaken slightly on Spain worries Tuesday, 2 Oct 2012 | 7:33 PM ET

    TOKYO, Oct 3- Japan's Nikkei share average is likely to slip on Wednesday amid uncertainty over whether Spain will soon ask for a bailout and concerns about flagging global growth, and as investors await big events later in the week.

  • AA pilots expect contract talks to resume Tuesday, 2 Oct 2012 | 7:30 PM ET

    DALLAS-- American Airlines and its pilots' union have agreed to resume stalled contract negotiations. Thomas Horton, CEO of American parent AMR Corp., which is operating under bankruptcy protection, said Tuesday he was pleased that "intensive bargaining" was scheduled to begin this week.

  • Oracle's Ellison: expect Fusion take-up to quicken Tuesday, 2 Oct 2012 | 7:15 PM ET

    SAN FRANCISCO, Oct 2- Oracle Corp CEO Larry Ellison expects strong take-up for its Internet-based "Fusion" software, a product suite crucial to its efforts to catch up with rivals like Salesforce.com Inc in the fast-growing market.

  • Oct 2- American Airline pilots this week are expected to authorize their union to call a strike, but the union says it may decide to keep the vote secret for now.

  • *New F-35 official, Navy arms buyer visited Lockheed plant. WASHINGTON, Oct 2- Talks between the Pentagon and Lockheed Martin Corp about a fifth order of F-35 fighter planes have been elevated to a senior level as the two sides debate the last $100- million- plus dividing them, according to multiple sources familiar with the discussions.

  • UPDATE 1-LifeLock IPO prices below range at $9 Tuesday, 2 Oct 2012 | 7:05 PM ET

    Oct 2- Theft and fraud protection services provider LifeLock priced its initial public offering at $9 a share on Tuesday, below the expected range, an underwriter said. LifeLock, founded in 2005, charges customers $10 to $25 a month for fraud protection services. In fiscal 2011, LifeLock's revenue grew 20 percent to $193.9 million.

  • Price tags come down on wealth industry takeovers Tuesday, 2 Oct 2012 | 7:01 PM ET

    LONDON, Oct 3- The price paid by wealth managers to buy up assets from rivals has halved in the last two years, showing that in a rush to buy market share, buyers can drive harder bargains, research has found.

  • Australia shares seen higher after rate cut Tuesday, 2 Oct 2012 | 6:51 PM ET

    CANBERRA, Oct 3- Australian shares are set to open higher on Wednesday, extending recent gains after the Reserve Bank of Australia cut its main cash rate, although uncertainty over Europe's debt crisis and China's growth will still weigh on investor sentiment.

  • *In one case, payment of more than $7 mln held up over $100 invoice. By Ayesha Rascoe and Roberta Rampton. WASHINGTON, Oct 2- A year after the U.S. government raced to meet a deadline to finish loan agreements with dozens of clean energy companies, less than half the total money promised has been handed over.

  • Oct 2- Real estate investment trust Javelin Mortgage Investment Corp priced its initial public offering at $20 per share but increased its size to 7.25 million shares, raising $145 million, an underwriter told Reuters. The Florida- based company plans to list its stock on the New York Stock Exchange under the symbol "JMI."

  • NEW YORK, Oct 2- Small- and mid-capitalization stocks were flat to higher o n Tuesday, though shares of RadioShack extended their recent losing streak.

  • There were twice as many restaurant openings than closings in New York over the past year and d iners still eat out three times per week-- the same number as in each of the past three years, a cc ording to the survey of 44,306 people, which will be released on Wednesday.

  • LifeLock IPO prices below range at $9 Tuesday, 2 Oct 2012 | 6:30 PM ET

    Oct 2- Theft and fraud protection services provider LifeLock priced its initial public offering on Tuesday below its expected range at $9, an underwriter said. The Tempe, Arizona- based firm raised $141.3 million by pricing 15.7 million shares as planned. It had intended to price at a range of $9.50 to $11.50.

  • NEW YORK Oct. 2, 2012-- Standard& Poor's Ratings Services today corrected an error by reinstating its' A-' rating on Western Massachusetts Electric Co.' s $100 million 3.50% unsecured senior notes, series F, due Sept. 15, 2021.

  • NEW YORK, Oct 2- Michelin awarded its coveted stars to a handful of New York restaurants that feature Chinese, Korean or Japanese inspired dishes in the 2013 edition of its Big Apple guide that appears on Wednesday.

  • Theravance in partnership on gastroparesis drug Tuesday, 2 Oct 2012 | 6:27 PM ET

    NEW YORK-- Theravance Inc. said Tuesday it formed a partnership with Italian drugmaker Alfa Wassermann SpA to develop its gastrointestinal disorder drug velusetrag. Theravance said the companies will work together on mid-stage clinical testing of the drug.

  • By Sarah N. Lynch and Alexandra Alper. WASHINGTON, Oct 2- Two Senate Republicans on Tuesday slammed Treasury Secretary Timothy Geithner for failing to wean U.S. firms off a key British benchmark interest rate that he knew was being rigged, resulting, the lawmakers said, in costly litigation that hurts American taxpayers.

  • Wet Seal says key sales measure fell in September Tuesday, 2 Oct 2012 | 6:22 PM ET

    FOOTHILL RANCH, Calif.-- The Wet Seal Inc. said Tuesday that revenue from its stores open at least a year fell nearly 13 percent for September. Wet Seal said this measure fell 12.6 percent at its namesake stores, which target teenagers, and fell 13.6 percent at its Arden B stores for young women during the five-week period that ended Sept. 29.

  • Sourcefire CEO Burris retires for health reasons Tuesday, 2 Oct 2012 | 6:21 PM ET

    COLUMBIA, Md.-- Computer network security company Sourcefire Inc. said Tuesday that CEO John Burris, who is being treated for colon cancer, is retiring effective immediately. Sourcefire said Martin Roesch, founder of the company and chief technology officer, will continue to act as interim CEO while it looks for a permanent replacement for Burris.

  • Education chief wants textbooks to go digital Tuesday, 2 Oct 2012 | 6:11 PM ET

    It's not just a matter of keeping up with the times, Duncan said in remarks to the National Press Club. South Korea, which consistently outperforms the U.S. when it comes to educational outcomes, is moving far faster than the U.S. in adopting digital learning environments.