Business News


  • Oct 2- U.S. auto sales hit their highest monthly level since February 2008, at 14.96 million new vehicles sold on a seasonally adjusted annualized basis, consultant Autodata Corp said on Tuesday. Autodata said September sales rose 13 percent to 1,190,289 new vehicles.

  • *Chicago Fed warned of need for "kill switch" in 2010* SEC can't impose limits on HFT without consensus-official* Some traders are trying to build HFT-free trading zone* Retail investors looking for SEC to lead on HFT reform By Emily Flitter and Sarah N. Lynch. Only now is the SEC getting around to taking a closer look at some of those issues.

  • LONDON, Oct 2- Britain's mobile operators have put aside their hostilities and agreed to accelerate the roll-out of super fast broadband to prevent Britain from falling further behind in the race for connectivity.

  • LCA says LasikPlus procedures fell in 3rd quarter Tuesday, 2 Oct 2012 | 3:59 PM ET

    CINCINNATI-- Laser eye surgery provider LCA-Vision Inc. said Tuesday that LasikPlus procedures decreased 8 percent in the third quarter, and the company said coverage of the upcoming presidential election is partly to blame. LCA-Vision reported 11,510 LasikPlus procedures in the third quarter, down from 12,444 a year ago.

  • Oil falls amid concerns about global economy Tuesday, 2 Oct 2012 | 3:57 PM ET

    Benchmark oil dropped 59 cents to end at $91.89 per barrel in New York. Brent crude, which is used to price international varieties of oil, fell 62 cents to $111.57 per barrel in London. At the pump, the national average for gasoline was unchanged at $3.78 per gallon, according to AAA, Wright Express and the Oil Price Information Service.

  • *In one case, payment of more than $7 mln held up over $100 invoice. *Caution shows government taking appropriate care-CEO 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.

  • Oil tycoon T. Boone Pickens, 4th wife to divorce Tuesday, 2 Oct 2012 | 3:52 PM ET

    DALLAS-- Oil tycoon T. Boone Pickens and his fourth wife, Madeleine, are filing for divorce. Boone Pickens is an Oklahoma native who made much of his fortune in oil drilling.

  • NEW YORK, Oct 2- A Florida fund manager admitted on Tuesday to tricking investors out of $13 million by falsely telling them he had put their money in coveted shares of Facebook Inc and Groupon Inc before the Internet companies went public.

  • Sector Snap: Diagnostic test makers Tuesday, 2 Oct 2012 | 3:51 PM ET

    NEW YORK-- Analysts for Cowen and Co. started coverage of a group of companies that make tests used to diagnose infectious diseases, assigning top ratings to companies including Cepheid, Hologic Inc., and Meridian Bioscience Inc..

  • SHR extends Quicken Loans as Ryan Newman's sponsor Tuesday, 2 Oct 2012 | 3:51 PM ET

    KANNAPOLIS, N.C.-- Stewart-Haas Racing announced some much-needed sponsorship Tuesday when Quicken Loans said it will double its commitment to Ryan Newman. Quicken Loans, a new sponsor in NASCAR this year and the primary backer for nine races with Newman, will return for 18 races next year.

  • Judge tosses BP fuel dealers' brand-name claims Tuesday, 2 Oct 2012 | 3:51 PM ET

    NEW ORLEANS-- A federal judge on Tuesday dismissed claims by BP fuel stations and convenience stores that the 2010 oil spill in the Gulf of Mexico diminished the value of the oil giant's brand and cost them business.

  • *Turkey criticised over web restrictions. ANKARA, Oct 2- Turkey said on Tuesday it had won a long-running battle to persuade the video-sharing website YouTube to operate under a Turkish web domain, giving Ankara a tighter rein over the site's content and requiring the firm to pay Turkish taxes.

  • NEW YORK, Oct 2- The U.S. State Department has said it believes American journalist Austin Tice, who disappeared in Syria in August, is alive and being held by the Syrian government.

  • LOS ANGELES, Oct 2- Japan's Sumitomo Corp. The photovoltaic solar project is being built by First Solar Inc and has agreements in place to provide power to California utilities Southern California Edison and Pacific Gas& Electric. It is expected to be fully operational by 2015, according to First Solar's website.

  • DIARY - Today in Washington - Oct 3 Tuesday, 2 Oct 2012 | 3:49 PM ET

    1030/ 1430: The Energy Information Administration issues weekly petroleum stocks and output data. 2100/ 0100: President Barack Obama and Republican presidential nominee Mitt Romney participate in 90- minute debate. ----------------------------------------------------------DIARY- Federal Reserve Events U.S.

  • *Unemployment rate likely edged up to 8.2 percent* Average hourly earnings seen nudging up 0.2 percent* Report will underscore Fed's anxiety over weak jobs market By Lucia Mutikani.

  • WHAT: Institute for Supply Management Non-Manufacturing. FORECASTS Reuters IFR Previous ISM index 53.2 52.9 53.7. --by Theodore Littleton of IFR Markets, a unit of Thomson Reuters.

  • NEW YORK, Oct 2- U.S. natural gas futures ended higher on Tuesday for a sixth day, as cool forecasts for the Northeast and Midwest and rising demand offset early profit taking and technical selling after recent strong gains.

  • Soybean prices fall as supplies hit marketplace Tuesday, 2 Oct 2012 | 3:45 PM ET

    November soybeans fell 29.75 cents to finish Tuesday at $15.305 per bushel. Sterling Smith, a Citi futures specialist, said exports sales have been slower this week because markets in China are closed for public holidays. Corn for December delivery rose 1.5 cents to end at $7.5825 per bushel and December wheat dropped 12.75 cents to $8.715 per bushel.

  • BRIEF-Moody's confirms Garda World Security B1 CFR Tuesday, 2 Oct 2012 | 3:45 PM ET

    Oct 2- Garda World Security corp:. *Moody's confirms garda's b1 cfr; rates new bank facilities ba1. *Rpt-moody's confirms garda's b1 cfr; rates new bank facilities ba1.