Latest Business News Wires - Business Headlines


  • SINGAPORE, Oct 30- Singapore is likely to see another year of lacklustre economic growth and elevated inflation in 2013 as exports remain weak and rising rents and car prices continue to push up the cost of living, its central bank said on Tuesday.

  • NEW YORK, Oct 29- U.S. power company Exelon Corp on Monday declared an alert at the 615- MW Oyster Creek nuclear power reactor in New Jersey due to rising ocean water from Hurricane Sandy, a spokesman at the U.S. Nuclear Regulatory Commission said. An alert is the second lowest of the NRC's four emergency classifications.

  • NEW YORK, Oct 29- U.S. power company Excelon Corp on Monday declared an alert at the 615- MW Oyster Creek nuclear power reactor in New Jersey due to rising ocean water from Hurricane Sandy, a spokesman at the U.S. Nuclear Regulatory Commission said. An alert is the second lowest of the NRC's four emergency classifications.

  • EXCLUSIVE-UPDATE 1-JDA Software on the block - sources Tuesday, 30 Oct 2012 | 2:36 AM ET

    Oct 29- Enterprise technology maker JDA Software Group Inc is exploring a sale and has hired JPMorgan Chase& Co to advise on the process, people familiar with the matter said.

  • SINGAPORE, Oct 30- London copper rebounded on Tuesday from a near two-month low hit the session before with consumers attracted by the lower prices, although global growth worries are likely to cap gains in trade thinned by a hurricane in the United States.

  • *Singapore Airlines buys 10 pct Virgin stake for $108 mln. MELBOURNE, Oct 30- Singapore Airlines Ltd will buy a 10 percent stake in Virgin Australia Holdings Ltd for A $105 million, stepping up its competition with rival Qantas Airways Ltd in the lucrative Australian market.

  • PRECIOUS-Gold inches down, economic concerns return Tuesday, 30 Oct 2012 | 12:55 AM ET

    *Gold hit a low near $1,704 an ounce and was at $1,708.84 by 0030 GMT, little changed from Monday, with dealers expecting the metal to trade in a narrow range ahead of the U.S. non-farm payrolls report on Friday.

  • UPDATE 3-Apple software, retail chiefs out in overhaul Tuesday, 30 Oct 2012 | 12:42 AM ET

    SAN FRANCISCO, Oct 29- Apple Inc CEO Tim Cook on Monday replaced the heads of its software and retail units in the company's biggest executive shake-up in a decade following embarrassing problems with its new mapping program and unpopular store-related decisions.

  • Oct 29- Hurricane Sandy has already knocked out power to more than 2.8 million homes and businesses along the U.S. East Coast. The following power holding companies have utility units that reported outages on Monday.

  • FACTBOX-Wall Street staff stay home as Sandy arrives Monday, 29 Oct 2012 | 11:59 PM ET

    NEW YORK, Oct 29- Wall Street firms were set to open with limited staffing in New York City on Tuesday as stock markets remained closed due to Hurricane Sandy's approach and many New York- based bank employees worked from home.

  • SAN FRANCISCO, Oct 29- Advanced Micro Devices Inc plans to use technology from Britain's ARM Holdings Plc to make energy-efficient processors for servers, a growing business that the troubled chipmaker hopes will help offset weakness in the struggling PC industry.

  • Japan Sept industrial output falls 4.1 pct mth/mth Monday, 29 Oct 2012 | 11:56 PM ET

    TOKYO, Oct 30- Japan's industrial output dropped 4.1 percent in September, marking the biggest decline since the aftermath of last year's earthquake, government data showed, in a sign the global slowdown and territorial rows with China dampened factory activity.

  • SINGAPORE, Oct 30- U.S. crude oil futures slipped to just above $85 a barrel on Tuesday, near the lowest in more than three months, as Hurricane Sandy shut East Coast refineries, roads and airports, reducing crude and fuel demand in the world's largest oil consumer.

  • *EBay to take pretax restructuring charge of $15 mln. PayPal, the online payment pioneer owned by eBay Inc, said on Monday the full-time jobs would be eliminated as it combines nine product-development groups into one. EBay will take a $15 million pretax restructuring charge in the fourth quarter related to the job reductions.

  • Throughout Manhattan and Brooklyn, few store owners had even bothered to board up their buildings. ''said Chris Conway, a 41- year-old who lives in the Chelsea area of Manhattan, not far from the Hudson River. ``Four different kinds of Tabasco and one jar of A-1 steak sauce.''.

  • CHICAGO, Oct 29- CME Group Inc will maintain the nearly round-the-clock electronic grain-trading that it implemented in May despite criticism by some traders that the new format is hurting market liquidity, a top executive told Reuters on Monday. The exchange expanded the grain trading session to fend off a challenge from rival IntercontinentalExchange.

  • Nikkei seen boxed in range ahead of BOJ decision Monday, 29 Oct 2012 | 11:16 PM ET

    TOKYO, Oct 30- Japan's Nikkei share average is expected to hold in a narrow range early on Tuesday ahead of a much-anticipated meeting by the Bank of Japan, which is widely expected to ease monetary policy.

  • Oct 29- Hurricane Sandy is expected to come ashore at about 8:00 P.M. EDT on the storm-battered northeast U.S. coast, the U.S. National Hurricane Center said on Monday. Sandy was centered about 20 miles south of Atlantic City, New Jersey, the center said.

  • *Singapore Airlines seen gaining exposure with 10 pct Virgin stake. MELBOURNE, Oct 30- Virgin Australia Holdings Ltd said alliance partner Singapore Airlines will buy a 10 percent stake for A $105 million, helping it compete with Qantas Airways in the lucrative Australian market.

  • SAN FRANCISCO, Oct 29- Stanford University alumni with entrepreneurial streaks may be particularly well placed to pay off their $41,250 tuition bills, according to a new report on venture funding. That compares to $3.8 billion by Harvard alumni, whose rank was boosted by former student Mark Zuckerberg's Facebook, CB Insights said.

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