Latest Business News Wires - Business Headlines


  • Nov 1- Chesapeake Energy Corp reported a net loss on Thursday compared with a year-ago profit, as low natural gas prices prompted the U.S. oil and gas company to write down the value of some assets.

  • Nov 1- DreamWorks Animation SKG Inc's third-quarter results beat analysts' estimates, riding t he international box office success of `` Madagascar 3: Europe's Most Wanted''. DreamWorks' last movie for 2012, ``Rise of the Guardians'', featuring the voices of Alec Baldwin, Hugh Jackman and Jude Law among others, will release on Nov. 21 in the United States.

  • Nov 1- Global regulators on Thursday said Citigroup Inc, Deutsche Bank, HSBC and JPMorgan Chase& Co will need to hold the most extra capital of 28 banks considered so large and complex they need an extra buffer to absorb potential losses.

  • Nov 1- More than 4.3 million homes and businesses along the U.S. East Coast remained without power on Thursday after Hurricane Sandy battered the region. Sandy made landfall in New Jersey on Monday night. Power companies have reported a peak of nearly 8.48 million customers without power, according to a U.S. Department of Energy report.

  • *Dow up 1 pct, S&P 500 up 1.1 pct, Nasdaq up 1.4 pct. NEW YORK, Nov 1- The S&P 500 scored its best day in seven weeks on Thursday as bullish consumer confidence and private-sector jobs data gave investors reason to cheer following superstorm Sandy's devastating sweep through the U.S.

  • Hundreds of retailers balk at $7.2 bln card-fee pact Thursday, 1 Nov 2012 | 8:50 PM ET

    NEW YORK, Nov 1- Nearly 1,200 retailers said on Thursday they will urge a federal judge to reject a proposed $7.2 billion settlement between merchants and Visa Inc and Mastercard Inc over credit card fees, calling it an ``unacceptable'' proposal that would strip away stores' legal rights.

  • *Public anger in Greece at tax evasion by wealthy. ATHENS, Nov 1- A Greek journalist who published the names of more than 2,000 of his compatriots who held Swiss bank accounts was acquitted on Thursday in a case that touched a nerve over the role of tax evasion in the country's debt crisis.

  • *Data on China's factories, U.S. jobs boost global equities U.S. NEW YORK, Nov 1- Global stocks gained on Thursday on an improving U.S. jobs picture and data that showed China's economy regaining some traction, while U.S. crude futures were supported by the economic news and potential storm-related supply disruptions.

  • *At least 93 dead, cost estimated at up to $50 billion. NEW YORK/ SEASIDE HEIGHTS, N.J., Nov 1- Rescuers searched flooded homes for survivors, drivers lined up for hours to get scarce gasoline and millions remained without power on Thursday as New York City and nearby towns struggled to recover from one of the biggest storms ever to hit the United States.

  • Workers at Bombardier commuter rail plant go on strike Thursday, 1 Nov 2012 | 8:39 PM ET

    *Quebec- based plant makes parts for rail cars. *Customers include New Jersey, Chicago transit groups. Nov 1- Some 330 workers at a Quebec- based rail-car factory belonging to Bombardier Inc, the world's biggest train-maker, went on strike on Thursday over outsourcing and pension fund issues, the company and union said.

  • Nov 1- Starbucks Corp reported higher quarterly profit on Thursday, as overall sales at its established coffee shops topped analysts' estimates, and it raised its forecast for fiscal 2013.. Starbucks shares rose 6 percent in after-market trading.

  • *Dow up 1 pct, S&P 500 up 1.1 pct, Nasdaq up 1.4 pct. NEW YORK, Nov 1- The S&P 500 scored its best day in seven weeks on Thursday as bullish consumer confidence and private-sector jobs data gave investors reason to cheer following superstorm Sandy's devastating sweep through the U.S.

  • Nov 1- Professional social network LinkedIn Corp beat Wall Street's third-quarter profit and revenue targets on Thursday and raised its full-year revenue forecast. LinkedIn said it posted net income of $2.3 million, or 2 cents a share, during the three months ended Sept. 30, compared with a net loss of $1.6 million, or 2 cents a share, in the year-ago period.

  • NEW YORK, Nov 1- Commodities rose broadly on Thursday as markets tried to regain a sense of normalcy after a storm devastated the economically key U.S. East Coast, but oil prices were mixed on varying reactions to economic data.

  • UPDATE 1-Crescent Point to buy Ute Energy for $784 mln Thursday, 1 Nov 2012 | 8:33 PM ET

    *Buys private oil company with assets in Utah's Uinta Basin. CALGARY, Alberta, Nov 1- Crescent Point Energy Corp, Canada's No. 4 independent oil-exploration company, said on Thursday it will buy privately held oil and gas producer Ute Energy Upstream Holdings LLC for $784 million in cash to gain oil production in the Uinta basin in northern Utah.

  • Nov 1- Engineering company Fluor Corp reported on Thursday a rise in quarterly profit but said there was a decline in its backlog of work due to mining project cancellations, and gave an outlook for 2013 that was short of analysts' estimates.

  • BOSTON, Nov 1- Massachusetts adopted new regulations on Thursday that it said will allow it to keep a closer eye on compounding pharmacies, a class of drug supplier linked to the U.S. meningitis outbreak that has so far killed 29 people.

  • First Solar third-quarter net earnings drop 55 percent Thursday, 1 Nov 2012 | 8:27 PM ET

    LOS ANGELES, Nov 1- First Solar Inc, the biggest U.S. solar panel maker, on Thursday posted a 55 percent drop in third-quarter net earnings due to restructuring charges and lower revenue.

  • WASHINGTON, Nov 1- The federal government will cover 100 percent of emergency power and public transportation costs through Nov. 9 for the areas of New York and New Jersey that were hit hard by superstorm Sandy, officials said on Thursday.

  • MEXICO CITY, Nov 1- World finance chiefs this weekend will press the United States on how it can prevent its fiscal problems from hitting the global economy and will seek reassurance from Europe that it has a grip on its debt crisis.

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