"Europe is about three years behind the United States. The recovery both in the macroeconomy and stock prices is lagging, that's why U.S. investors are coming in now, "said Joseph Oughourlian, CEO of London- based hedge fund Amber Capital.» Read More
NEW YORK, Oct 8- The normally uneventful sale of one-month U.S. The U.S. Treasury Department on Tuesday sold $30 billion of one-month bills that will pay an interest rate of 0.35 percent to investors.
WASHINGTON, Oct 8- President Barack Obama said on Tuesday he remains very hopeful that Congress will not put his administration in the position of having to consider prioritizing debt payments in the event of a federal debt default.
SAN FRANCISCO, Oct 8- Intel Corp talked up new chips on Tuesday aimed at medical equipment, automobile entertainment systems and other devices far from its shrinking core market of personal computers.
BRASILIA, Oct 8- Brazilian President Dilma Rousseff is looking to cut power rates again, one year after her government shocked investors by strong-arming utility companies into reducing some of the world's highest electricity costs.
NEW YORK, Oct 8- U.S. stocks briefly extended losses in late afternoon on Tuesday as President Barack Obama spoke about the political stalemate in Washington. The Nasdaq dropped more than 2 percent during his remarks in which the president said that in an economic shutdown after default, there would be a very significant risk of a deep recession.
*French president calls on Alcatel to review plans. *Alcatel to cut nearly one in seven of its employees. PARIS, Oct 8- French president Francois Hollande called on Alcatel-Lucent on Tuesday to save as many jobs as possible in France after the telecoms equipment maker said it plans to cut 10,000 jobs worldwide, about 14 percent of its entire workforce.
WASHINGTON, Oct 8- President Barack Obama warned on Tuesday that a U.S. debt default could wreak havoc and he would talk to congressional Republicans about any topic but urged them to raise the debt limit without conditions.
Oct 8- Disaster aid will be slow to come for South Dakota ranchers who lost as many as 60,000 head of cattle during an historic blizzard over the weekend, industry officials said on Tuesday.
NEW YORK/ LONDON, Oct 8- Gold prices rose for a second straight session on Tuesday as growing uncertainty about the U.S. budget impasse and a looming deadline to raise the U.S. debt ceiling prompted investors to seek safe havens and sell riskier assets such as equities.
LONDON, Oct 8- BG Group Plc is close to a deal or deals that would reduce its 100 percent holdings in a group of six exploration licence blocks off Brazil's coast, the company said on Tuesday, a signal it aims to push ahead promptly with drilling there.
SANTIAGO, Oct 8- The possibility that the United States might default on its debt, especially as a shutdown of federal agencies entered its eighth day, is a very significant concern, Chile's central bank president Rodrigo Vergara said on Tuesday.
Those controls are needed to keep the units compliant with federal environmental rules proposed since President Barack Obama took office in 2009. There are about 318 gigawatts of coal-fired power plants in the United States, about 30 percent of the nation's 1,051 GW generation fleet.
PARIS, Oct 8- British fashion retailer Topshop is considering using a Spring 2014 collection to be designed with Kate Moss to break into China, billionaire owner Philip Green said on Tuesday. "This may be the launch of China.
NEW YORK, Oct 8- The dollar remained near its recent eight-month low against major currencies on Tuesday as U.S. lawmakers struggled to find a solution to the country's budget and debt problems that could potentially lead to a default if left unresolved.
Oct 8- Toyota Motor Corp must face a trial over claims that it failed to warn the public about design defects that caused certain vehicles to accelerate unintentionally, a federal judge in California has ruled.
WASHINGTON, Oct 8- Swiss National Bank Chairman Thomas Jordan warned on Tuesday that failure to lift the U.S. debt ceiling could have damaging international repercussions and he urged lawmakers to do a deal.
Oct 8- J.C. Penney Co Inc on Tuesday told investors for the second time in less than two weeks that sales trends are improving, seeking to quell fears about its turnaround that have pummeled the retailer's shares. On Tuesday, Sterne Agee analyst Charles Grom, one of the few optimists left on Wall Street about Penney, downgraded his recommendation to "neutral from buy."
In an appellate hearing before the five commissioners of the U.S. Securities and Exchange Commission, an attorney for Shanghai- based China-Biotics urged the panel to reverse a February 2012 decision by an SEC administrative law judge.
*Ocado fields stream of calls from foreign grocers- CEO. PARIS, Oct 8- Online grocer Ocado expects to strike an accelerating number of joint ventures with retailers outside its domestic British market, mirroring its deal with the Wm Morrison supermarket chain, its chief executive told Reuters.
*Profit-taking hits 2013' s winners, including Facebook, TripAdvisor. Shares of TripAdvisor lost 5.7 percent to $71.51 a share, and Netflix fell 4.9 percent to $302.30. Both TripAdvisor and Netflix are among the top performers this year on the S&P 500, and Facebook is among the top performers on the Nasdaq 100..