GO
Loading...

Latest Business News Wires - Business Headlines

More

  • SAN FRANCISCO, Nov 1- Two weeks before trial in a high-stakes lawsuit pitting Google's Motorola Mobility unit against Microsoft, Google made what has become a common request for a tech company fighting for billions of dollars: a public court proceeding conducted largely in secret.

  • *Residents of hard-hit Staten Island complain of being ignored. NEW YORK, Nov 2- From New York City's Staten Island to the popular beach towns of the Jersey Shore, rescuers and officials on Friday faced growing evidence of widespread destruction wrought by superstorm Sandy, mounting anger over delayed relief and a rising death toll.

  • SINGAPORE, Nov 2- Brent crude slipped below $108 a barrel on Friday as investors look ahead to key jobs data from the United States for more signs of economic recovery, which would boost fuel demand.

  • PRECIOUS-Gold edges down ahead of US jobs data Friday, 2 Nov 2012 | 4:03 AM ET

    *Spot gold may fall to $1,698.39/ oz- technicals.

  • WASHINGTON, Nov 2- The U.S. unemployment rate probably rose in October as employers stepped up hiring only slightly, underscoring President Barack Obama's vulnerability in next week's presidential election.

  • Nov 1- Newmont Mining Corp, the world's second-largest gold producer, reported a lower-than-expected quarterly profit after a steep fall in production and a sharp rise in costs at its big Batu Hijau copper and gold mine in Indonesia.

  • US Oct. jobs report likely to show modest hiring Friday, 2 Nov 2012 | 3:02 AM ET

    Any increase in the rate would mean that President Barack Obama would face voters with the highest unemployment rate of any incumbent since Franklin Roosevelt. In 1976, President Gerald Ford lost to Jimmy Carter when unemployment was 7.8 percent.

  • Oil prices fall amid subdued demand after storm Friday, 2 Nov 2012 | 1:28 AM ET

    BANGKOK-- Expectations that demand for crude would likely be subdued in the aftermath of the massive storm that slammed into the U.S. East Coast earlier this week caused oil prices to sag on Friday. Benchmark crude for December delivery fell 28 cents at midday Bangkok time to $86.81 per barrel in electronic trading on the New York Mercantile Exchange.

  • *Citigroup, Deutsche Bank, HSBC, JPMorgan Chase top list. *G20 finance ministers meet in Mexico this weekend. Nov 1- 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, global regulators said on Thursday.

  • SINGAPORE, Nov 2- Gold traded little changed on Friday, remaining on track to snap three weeks of losses, with investors waiting for a key U.S. employment report later in the day for further clues on the health of the world's top economy. *Spot gold was little changed at $1,715.59 an ounce by 0026 GMT, on course for a slight weekly rise of 0.3 percent.

  • Nov 1- Professional social network LinkedIn Corp topped Wall Street's third-quarter profit and revenue targets, as advertising rates increased and sales from its hiring services nearly doubled.

  • Nov 1- Starbucks Corp raised its profit forecast for the current fiscal year after sales in its top market of the United States topped expectations, giving the company optimism that has eluded much of the U.S. restaurant industry in recent months.

  • WASHINGTON, Nov 1- Standard Chartered is close to wrapping up discussions to resolve U.S. investigations into its Iran- linked transactions and nearing agreement on a fine in the $300- million range, mirroring a much-publicized state settlement over similar allegations, according to four people familiar with the matter.

  • 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 to hit the United States.

  • *3rd quarter EPS 86 cents vs 97 cents expected by Wall Street. Sees 2013 EPS $3.85 to $4.35, short of estimates. The breakdown of the two projects was about two-thirds Peru and a third Australia, Fluor said, and their removal knocked the overall backlog down to $40.8 billion at the end of the third quarter from $43 billion three months before.

  • WELLESLEY, Mass., Nov 1- The Federal Reserve should buy bonds at least until the U.S. jobless rate falls below 7.25 percent, a top Fed official said on Thursday, pitching a plan that includes the first specific target for ending the central bank's quantitative easing program.

  • *3rd quarter net loss 27 cents a share. Nov 1- Vertex Pharmaceuticals Inc reported a net loss for the third quarter on Thursday with results hurt by fast-declining sales of its Incivek hepatitis C drug, as the company turned its attention to developing a next generation of treatments for the serious liver disease.

  • *FDA says findings reinforce contamination concerns. The Food and Drug Administration said it identified different types of bacteria in three separate recalled batches of NECC's preservative-free betamethasone and in a single batch of NECC-supplied cardioplegia solution.

  • The interim country strategy, endorsed by the World Bank board at a meeting in Washington, will guide the institution's work in Myanmar, also known as Burma.

  • Nikkei set to rise, test 9,000 ahead of U.S. jobs data Thursday, 1 Nov 2012 | 11:09 PM ET

    TOKYO, Nov 2- Japan's Nikkei share average is expected to open higher and test the key 9,000- mark on Friday as upbeat U.S. consumer confidence and private-sector jobs data lifted sentiment ahead of the key nonfarm payroll figures later in the day.