Latest Business News Wires - Business Headlines


  • France to unveil measures to boost competitiveness Monday, 5 Nov 2012 | 10:59 PM ET

    PARIS, Nov 6- President Francois Hollande will unveil measures on Tuesday to revive France's struggling industrial sector and make its exporters more competitive, although critics say that the package falls short of much-needed shock therapy.

  • Greece faces 48-hour strike over austerity cuts Monday, 5 Nov 2012 | 10:59 PM ET

    Anger, resignation on streets of Athens. The walkout, called by Greece's two biggest labour organisations, is the third major strike in two months against a package of spending cuts and reforms that Prime Minister Antonis Samaras's government is trying to push through parliament to unlock aid.

  • *Supply worries remain in New York, New Jersey. More supplies arrived in the New York and New Jersey region aboard barges and restarted pipelines. There was no word on progress at two idled New Jersey refineries, which account for a quarter of the region's capacity.

  • NEW YORK, Nov 5- Power was restored to just under 23,000 eastern U.S. homes and businesses from 10 am to 3 pm on Monday, but outages increased in New York, Ohio and Pennsylvania as damaged grids were being repaired after Hurricane Sandy, U.S. Department of Energy data showed. Some 1.35 million homes and businesses in the U.S.

  • MEXICO CITY, Nov 5- The world's leading economies gave themselves a bit more wiggle room on Monday to meet targets for cutting budget deficits rather than risk worsening a slowdown in many countries, chief among them the United States.

  • MEXICO CITY/ LONDON, Nov 5- International watchdogs, working to tighten-up global regulation after the financial crisis, are moving ahead with plans to extend their reach to ``shadow banks'' such as money-market funds that handle trillions of dollars in short-term investments.

  • Nov 5- Demand Media Inc reported record quarterly revenue and profit on Monday because more people are visiting its websites such as eHow, LiveStrong and Cracked. The better-than-expected results, also buoyed by a partnership with Google Inc's YouTube, prompted Demand Media to raise its full-year outlook.

  • FOREX-Euro shaky after fall; Aussie eyes RBA rates Monday, 5 Nov 2012 | 10:19 PM ET

    SYDNEY, Nov 6- The euro languished at eight-week lows versus the greenback on Tuesday, having fallen broadly as a Greek parliament vote on a new austerity package loomed. The single currency was at $1.2790, having fallen as far as $1.2767 following a break of the Oct. 1 trough around $1.2804.

  • *Transocean shares up after results, Time Warner off on video demand. *Apple's stock gains 1.4 pct and bolsters the Nasdaq. The Nasdaq was the strongest of the three major U.S. stock indexes, helped by a rally in Apple Inc, the most valuable publicly traded U.S. company.

  • *Millions struggle with lengthy journeys to and from work. NEW YORK/ BELMAR, N.J., Nov 5- Commuters battled unruly crowds on the trains and snarled traffic on the highways Monday at the start of the first full work week since superstorm Sandy devastated the U.S.

  • *Greece funding, China leadership adds to uncertainty. NEW YORK, Nov 5- Oil rebounded on Monday from the previous session's sharp loss while metals and crop prices mostly fell as financial markets treaded warily ahead of the U.S. presidential election and amid recovery work on the destruction left by Hurricane Sandy.

  • NEW YORK, Nov 5- The euro fell to a near two-month low against the U.S. dollar on Monday on uncertainty over a Greek vote on reforms needed to secure international aid and as investors awaited the U.S. elections on Tuesday. Mostly I think the fear is something is going to go wrong with the Greek austerity vote,'' said Steven Englander, head of G10 strategy at Citi.

  • NEW YORK, Nov 5- World stocks fell and the dollar edged up on Monday as investors played it safe before Americans choose their president and Greece headed into two key votes to secure further rescue funds.

  • Euro zone's "phone number" revealed - economist Monday, 5 Nov 2012 | 5:44 PM ET

    The two top interlocutors are the International Monetary Fund in Washington and the European Central Bank in Frankfurt, far outstripping the politicians officially in charge of running the 17- nation single currency area.

  • Democratic President Barack Obama and his challenger, Republican Mitt Romney, dashed through a handful of swing states, stumping for votes on the last day of the race for the White House.

  • DETROIT, Nov 5- General Motors Co secured an $11 billion revolving credit facility, more than doubling its financial cushion and further strengthening the balance sheet of the largest U.S. automaker. Thirty-five banks from 14 countries, led by JPMorgan Chase& Co and Citigroup Inc, participated in the deal.

  • *NYSE teams up with Brazil's ATG for liquidity pool. NYSE is a minority partner with about 20 pct stake.

  • ISTANBUL, Nov 5- Turkey regained its investment grade credit rating on Monday after an 18 year gap, endorsing an economic transformation achieved in the past decade under Prime Minister Tayyip Erdogan.

  • LONDON, Nov 5- Copper hit two-month lows on Monday as the U.S. presidential election, a leadership transition in China and two central bank meetings this week kept risk-prone investors on the sidelines of financial markets.

  • MEXICO CITY, Nov 5- The Reserve Bank of India may ease monetary policy in January if growth and inflation develop as expected, Governor Duvvuri Subbarao said on Monday.