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Latest Business News Wires - Business Headlines


  • Australia's Crackdown on Google Taxes Has Risks Sunday, 2 Dec 2012 | 10:51 PM ET
    google headquarters sign in wood gettyp

    Australia faces an uphill battle to capture a greater share of tax revenue from multinationals such as Google and needs to work with its trading partners to avoid scaring away investors with an image as a high tax nation, experts say.

  • Google, Amazon and Starbucks Face Questions on Tax Monday, 12 Nov 2012 | 12:55 AM ET

    LONDON-- Multinational companies are paying little or no tax on their earnings in Britain, angry lawmakers charged Monday at an unusual hearing involving Starbucks, Google and Amazon. Legislators were skeptical, for example, about the coffee chain Starbucks' claim that it is not making profits in Britain.

  • Reuters World News Highlights 2200 GMT Nov 6 Tuesday, 6 Nov 2012 | 10:00 PM ET

    CLEVELAND/ CHICAGO- President Barack Obama and Republican challenger Mitt Romney battled down to the wire on Tuesday, mounting a last-minute Election Day drive to get their supporters to the polls in a handful of states that will decide the winner in a neck-and-neck race for the White House.

  • Plexus loses Juniper's business, shares tumble Tuesday, 6 Nov 2012 | 10:00 PM ET

    Nov 6- Contract electronics manufacturer Plexus Corp said it would no longer make switches and network gear for its largest customer, Juniper Networks Inc, sending its shares down more than 20 percent after the bell. For the year ended October 2011, Juniper accounted for 17 percent of Plexus' total sales of $2.23 billion.

  • BOSTON, Nov 6- The chief pharmacist at the company linked to the deadly U.S. meningitis outbreak has received a subpoena to appear before a congressional committee after he declined to appear voluntarily.

  • *Third-quarter EPS 22 cents, beats Wall Street view of 17 cents. Nov 6- AOL Inc reported higher-than-expected revenue and profit on the strongest advertising growth the company has seen in seven years.

  • NEW YORK, Nov 6- Traders and investors were in agreement on one thing as voters cast their ballots in Tuesday's U.S. presidential election: The markets want a clear winner by Wednesday morning.

  • Nov 6- U.S. regulators on Tuesday approved Pfizer Inc's Xeljanz treatment for rheumatoid arthritis, one of the company's most potentially lucrative experimental drugs, which is now poised to compete with Abbott Laboratories Inc's top-selling Humira.

  • NEW YORK, Nov 6- U.S. stocks climbed on Tuesday, the last day of trading before the U.S. election results came to a close, as investors looked forward to a resolution to the drawn-out race for the White House. ``The market just wants to wake up tomorrow and know for sure that there's a winner,'' said Linda Duessel, senior equity strategist at Federated Investors.

  • SAO PAULO, Nov 6- BTG Pactual Group, Brazil's sole listed investment bank, posted on Tuesday third-quarter net income of 793 million reais, compared with profit of 231 million reais a year earlier.

  • LOS ANGELES, Nov 6- Rupert Murdoch's News Corp on Tuesday reported quarterly profit that beat analyst expectations thanks to growth at the company's cable television networks. The media giant that owns Fox Broadcasting and The Wall Street Journal said adjusted earnings per share reached 43 cents for the quarter that ended in September.

  • NEW YORK, Nov 6- Hurricane Sandy cut regional gasoline demand less than expected last week, even though the monster storm dealt a direct blow to the New York fuel hub that will persist for weeks, with a major refinery shut and long lines lingering at pumping stations on Tuesday.

  • Nov 6- Hyundai Motor Co and its affiliate Kia Motors Corp stand to lose about $100 million because of their plan to fund fuel purchases of owners who bought vehicles whose fuel economy was exaggerated by the automakers, Moody's Investors Service said.

  • UPDATE 1-Judge may block TCW sale to Carlyle Tuesday, 6 Nov 2012 | 9:29 PM ET

    Nov 6- A federal judge in Los Angeles has issued a tentative ruling that could block a sale of asset manager TCW Group to private equity firm The Carlyle Group LP. The tentative ruling stems from a lawsuit filed in August by EIG Global Energy Partners LLC to block the sale of TCW to Carlyle.

  • Nov 6- U.S. regulators on Tuesday approved Pfizer Inc's Xeljanz treatment for rheumatoid arthritis, one of the company's most potentially lucrative experimental drugs, which is now poised to compete with Abbott Laboratories Inc's top-selling Humira.

  • NEW YORK, Nov 6- World stock markets rose on Tuesday as American voters went to the polls, with the U.S. presidential election keeping trade subdued while the euro held steady despite uncertainty over Greece's next financial aid payment.

  • NEW YORK, Nov 6- U.S. natural gas prices at Henry Hub, a key supply point in Louisiana, are expected to average $3.78 per million British thermal units in 2013, up 7 percent from a previous poll published in July and 35 percent above this year's expected average. For the related story, click on. COMPANY 2012 EST PREVIOUS 2013 2014.

  • NEW YORK, Nov 6- The U.S. dollar slipped against most major currencies on Tuesday as investors bet the greenback recently had risen too far and too fast given the outlook for the U.S. economy and problems in Europe, though trading was subdued ahead of the results of the U.S. presidential election.

  • NEW YORK, Nov 6- New York City's mayor took more steps on Tuesday to prepare for a new storm forecast to strike just a week after superstorm Sandy soaked the region with deadly flooding and high winds that crippled transit and power systems.

  • NEW YORK, Nov 6- Rescued from 10- year lows by record summer heat and strong utility demand, U.S. natural gas prices should rise 35 percent next year as production growth tapers off and economic activity increases, according to a Reuters poll of analysts.