Latest Business News Wires - Business Headlines


  • SINGAPORE/ SYDNEY, Nov 6- The euro languished near a two-month low versus the dollar on Tuesday, with its outlook clouded by uncertainty over a Greek parliamentary vote on austerity steps needed for Athens to secure international aid.

  • G20 acknowledges slippage on swaps reform Tuesday, 6 Nov 2012 | 2:20 AM ET

    MEXICO CITY, Nov 5- International groups tasked with safeguarding the world banking system conceded they would miss a deadline for new rules aimed at limiting risk and boosting transparency in the $648 trillion over-the-counter swaps market.

  • Nov 5- New York's Nassau County, in the western part of Long Island, was already facing a projected $25 million budget deficit before superstorm Sandy ripped across the East Coast last week and tore into the county's economy.

  • SINGAPORE, Nov 6- Gold traded steady on Tuesday as investors awaited potential policy spinoffs from the U.S. presidential election, while China's upcoming leadership transition and Greece's strike over a new austerity package also kept sentiment cautious.

  • GENEVA, Nov 5- China will later this month enter talks to create an Asian free-trade bloc covering 28 percent of world GDP, a reaction to U.S. progress in forming a Trans-Pacific Partnership that excludes China, South Korean Trade Minister Taeho Bark said on Monday.

  • Phillips 66 confirmed that the region's second-largest refinery, the 238,000 barrel-per-day Bayway plant in New Jersey, would likely be shut for another two to three weeks as repairs are carried out, primarily on electrical equipment damaged by saltwater, as Reuters reported earlier.

  • Nov 5- U.S. pharmacy benefits manager Express Scripts Holding Co said analyst forecasts for its 2013 results were too aggressive, casting doubt on how well it is integrating its $29 billion purchase of Medco Health Solutions Inc and sending its shares down 14 percent.

  • NEW YORK/ BELMAR, N.J., Nov 5- Commuters battled unruly crowds and snarled traffic to return to work Monday, a week after superstorm Sandy devastated the U.S. The devastation could also send ripples through Tuesday's presidential election, with President Barack Obama and Republican challenger Mitt Romney locked in a close race.

  • 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. It now looks out of reach for some economies, including the United States, as growth has slowed.

  • But the outlook for supplies dimmed as Phillips 66 confirmed that the region's second-largest refinery, the 238,000 barrel-per-day Bayway plant in New Jersey, would likely be shut for another two to three weeks as repairs are carried out, primarily on electrical equipment damaged by saltwater, as Reuters reported earlier.

  • 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.

  • NEW YORK, Nov 5- Phillips 66 said on Monday that its 238,000 barrels-per-day Bayway refinery in Linden, New Jersey, will resume operations in two to three weeks, after Hurricane Sandy caused flooding at the plant. The spill is being cleaned up by the company, along with the U.S. Coast Guard and the New Jersey Department of Environmental Protection.

  • Nikkei seen holding in range ahead of U.S. election Monday, 5 Nov 2012 | 11:23 PM ET

    TOKYO, Nov 6- Japan's Nikkei share average is likely to be contained in a narrow range on Tuesday as investors avoid taking big positions ahead of the U.S. election outcome, with a weak yen offering support to exporters.

  • The FTA is working with the Federal Emergency Management Agency and the U.S. General Services Administration to provide the buses to supplement routes that have been overwhelmed by commuters who ordinarily ride NJ Transit and PATH trains from the New Jersey suburbs to New York, the spokesman said.

  • Nov 5- Apple's lawsuit against Google's Motorola Mobility unit over alleged patent abuse was thrown out on Monday just hours before trial, a setback for the iPhone maker in its efforts to gain leverage in the smartphone patent wars. Apple Inc claimed Motorola's licensing practices were unfair.

  • NEW YORK, Nov 5- Staples Inc, the largest U.S. office supply retailer, has agreed to install ``Amazon Lockers'' in its U.S. stores, a Staples spokeswoman said on Mon day. The Amazon lockers at Staples will allow online shoppers to have packages sent to the office supply chain's stores.

  • 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.

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