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Latest Business News Wires - Business Headlines


  • Reuters World News Highlights at 1345 GMT, Nov 02 Friday, 2 Nov 2012 | 2:00 PM ET

    BEIJING- Potentially sinister threats to China's ruling Communist Party sit unnoticed in cages perched on a rooftop above a small alleyway in southwestern Beijing.

  • WASHINGTON, Nov 2- Demand for U.S. factory goods rose in September by the most in over a year, although a gauge of business investment plans pointed to lackluster momentum in the economic recovery despite a slight upward revision. New orders for manufactured goods climbed 4.8 percent, the Commerce Department said on Friday.

  • *Profit of $2.55/ share before items miss analysts' view of $2.83. Nov 2- Chevron Corp posted much lower-than-expected quarterly earnings on Friday as maintenance exacerbated a steady decline in oil and natural gas production and as a huge fire at one of the company's California plants hit the refining business.

  • NEW YORK, Nov 2- U.S. Treasuries prices fell on Friday after the government reported stronger than forecast U.S. job growth in October, a hopeful sign for the economic recovery that whetted investors' appetite for riskier assets and damped their desire for safe-haven U.S. government debt.

  • BOGOTA, Nov 2- Colombia's financial markets regulator, citing a liquidity problem, said on Friday that it was taking administrative control of the country's biggest stock brokerage, Interbolsa.

  • Nov 2- Shares of high end furniture retailer Restoration Hardware rose as much as 34 percent during their market debut on Friday. The company, backed by private equity firms Catterton Partners and Tower Three Partners LLC, opened New York Stock Exchange trading at $32.05 after pricing at the high end of the expected range at $24.

  • *Pressure rising for projects to revive UK economy. LONDON, Nov 2- London's mayor accused the British government on Friday of ``utter inertia'' on airport expansion policy with pressure growing for a launch of major infrastructure projects to help shore up the floundering economy.

  • CF Industries spends $1.7B in Iowa expansion Friday, 2 Nov 2012 | 1:56 PM ET

    DES MOINES, Iowa-- Fertilizer maker CF Industries Inc. plans to invest $1.7 billion to expand its facility on the south edge of Sioux City, Iowa. Terry Branstad on Thursday said that the project is the largest capital investment ever for the state of Iowa. The plant should be operational by 2016, said CF Industries CEO Steve Wilson.

  • NY official estimates Sandy's cost at $18B Friday, 2 Nov 2012 | 1:52 PM ET

    ALBANY, N.Y.-- New York's state comptroller says the cost of superstorm Sandy could exceed $18 billion in New York alone. Comptroller Thomas DiNapoli pegged the toll at $15 billion to $18 billion in public and private sector losses based on past storms, but that total could easily grow.

  • WASHINGTON, Nov 2- The White House said on Friday that data showing hiring in the United States increased in October was proof the economy is on the mend, and stressed that the nation needs to stay with President Barack Obama's policies to dig out of hole created by the recession.

  • DUBLIN, Nov 2- Ireland jailed former billionaire Sean Quinn on Friday for failing to disclose assets he was hiding abroad, completing the fall from grace of the richest man in Ireland's ``Celtic Tiger'' boom.

  • UPDATE 4-RBS braced for fines to settle Libor probe Friday, 2 Nov 2012 | 1:48 PM ET

    LONDON, Nov 2- Royal Bank of Scotland faces fines for its part in a global interest rate rigging scandal and wants to reach a settlement as soon as possible.

  • Cooper Tire & Rubber 3Q profit up on lower costs Friday, 2 Nov 2012 | 1:46 PM ET

    FINDLAY, Ohio-- Cooper Tire& Rubber's net income grew more than fourfold in the third quarter, aided by lower raw material costs, new products and cost-cutting efforts. The company earned $74.1 million, or $1.17 per share, for the period that ended Sept. 30. That compares with $17.3 million, or 27 cents per share, a year earlier.

  • LONDON, Nov 2- The reluctance of utilities and makers of appliances and intelligent meters to develop demand response systems undermines a core motive in a massive smart meter rollout in Europe.

  • NEW YORK, Nov 2- The dollar climbed to a more than six-month peak against the yen and a three-week high versus the euro on Friday after data showed the U.S. economy created more jobs than expected last month.

  • LONDON, Nov 2- Gold slid to an eight-week low on Friday as the dollar jumped after data showing higher-than-expected U.S. job creation, the last major signal on the state of the world's largest economy before elections next Tuesday. Spot gold was at $1,695.65 at 1325 GMT, down 1.42 percent, having touched an eight-week low of $1,692.19 after the data.

  • Newmont Mining shares fall on 3Q miss Friday, 2 Nov 2012 | 1:42 PM ET

    Newmont Mining Corp.' s shares fell in trading Friday after the largest gold producer in the U.S. reported disappointing third-quarter results. THE SPARK: Newmont said Tuesday that its net income dropped 26 percent to $367 million, or 74 cents per share.

  • WASHINGTON, Nov 2- Republican presidential contender Mitt Romney said on Friday the uptick in the U.S. employment rate to 7.9 percent shows the economy continues to struggle.

  • BOGOTA, Nov 2- Colombia's stock exchange suspended trading of Grupo Interbolsa's shares for five working days after the country's regulator took over the group's stock brokerage arm, traders said citing a statement from the bourse.

  • BOGOTA, Nov 2- Colombia's stock exchange suspended trading of Grupo Interbolsa's shares for five working days after the country's regulator took over the group's stock brokerage arm, traders said citing a statement from the bourse.