GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Investors will also closely watch races in the Senate and House of Representatives that could affect the ``fiscal cliff,'' or $600 billion in spending cuts and tax increases that are set to be automatically triggered at the end of the year.

  • UPDATE 1-EOG CEO sees lower 2013 spending, shares up Tuesday, 6 Nov 2012 | 3:22 PM ET

    HOUSTON, Nov 6- EOG Resources Inc plans to spend less on ``money-losing'' natural gas drilling next year, which will result in lower capital expenditures, the company's chief executive said Tuesday.

  • Crucial Greek vote breathes life into bond trade Tuesday, 6 Nov 2012 | 3:22 PM ET

    *Divergent views on Greece's euro zone future fuel trade. LONDON, Nov 6- The Greek bond market is springing back to life as hedge funds bet on whether parliament approves more budget cuts to unlock vital foreign aid, or rejects them and threatens a default.

  • Nov 6- Cablevision Systems Corp reported a third-quarter loss due to higher costs and losing video customers even as it gained Internet customers faster than analysts expected.

  • CORRECTED-Cablevision posts quarterly loss Tuesday, 6 Nov 2012 | 3:14 PM ET

    Nov 6- Cablevision Systems Corp reported a quarterly loss on Tuesday as its costs rose even as its revenue increased. The cable service provider posted a loss of $3.8 million or 1 cent per share compared with a profit of $39.3 million or 14 cents per share in the year-earlier quarter.

  • *Euro steady after hitting two-month low before Greece votes. NEW YORK, Nov 6- World stock markets inched higher on Tuesday as investors awaited the results of a close U.S. presidential election, while the euro held steady despite uncertainty over Greece's next financial aid payment.

  • Opinion polls showed incumbent Barack Obama and Republican challenger Mitt Romney in a dead heat, although the president has a slight advantage in several swing states. If Congress cannot agree new arrangements, about $600 billion in government spending cuts and higher taxes will kick in early next year, all of which could hurt U.S. economic growth.

  • SEOUL, Nov 6- General Motors Co said it would not build its next-generation Chevrolet Cruze small car in South Korea, raising the possibility that it might shift the assembly to Europe to help boost efficiency at its money-losing unit there. Rocha said the new model would be built in five regions, including Europe, the United States and China, according to Choi.

  • Nucor, EnCana sign deal to develop natural gas wells Tuesday, 6 Nov 2012 | 3:02 PM ET

    Nov 6- Steel producer Nucor Corp said on Tuesday it has signed a deal to develop natural gas wells with Canada's EnCana Corp that it hopes will guarantee supply for more than 20 years. Under the terms of the deal, the companies will share costs to develop wells in the continental United States.

  • Nov 6- A former banker at giant Swiss financial institutions UBS AG and Credit Suisse Group AG pleaded guilty on Tuesday to helping wealthy Americans hide millions of dollars from U.S. tax authorities during his time at UBS. In a key case in a U.S. government crackdown on offshore tax evasion, Christos Bagios changed his plea to guilty in a court in Florida.

  • Azeri oil fund to help finance TANAP gas pipeline Tuesday, 6 Nov 2012 | 2:57 PM ET

    BAKU, Nov 6- Azerbaijan's $33- billion state oil fund is to help finance the $8 billion Trans-Anatolian natural gas pipeline project to take Azeri gas to Turkey and to markets in Europe, the head of the fund said on Tuesday. Turkey has a 20 percent stake in TANAP, while Azerbaijan's state oil company SOCAR holds 80 percent.

  • BRUSSELS, Nov 6- Ratings agency Moody's cut ArcelorMittal's long-term debt to junk status, saying the steelmaker's debt-cutting efforts had been modest and its market would likely get worse before it got better. Moody's downgraded the world's largest steelmaker's senior unsecured notes to Baa3 from Ba1 on Tuesday and maintained a negative outlook.

  • *New York, New Jersey move to help voters cast ballots. ROCKAWAY PARK, N.Y./ BELMAR, N.J., Nov 6- Already exhausted from a massive cleanup and nightmarish commutes to work, thousands of U.S. voters in storm-struck New York and New Jersey encountered confusion and long lines as they tried to cast ballots in a cliffhanger presidential election.

  • LONDON, Nov 6- British microprocessing firm Imagination Technologies is to buy the operating business of MIPS Technologies for $60 million in a bid to step up its challenge to an increasingly dominant ARM Holdings.

  • UPDATE 5-Oil up above $109 as U.S. votes Tuesday, 6 Nov 2012 | 2:44 PM ET

    *Greece funding deal unlikely next week- source. LONDON, Nov 6- Brent crude rose above $109 per barrel on Tuesday, tracking a rise in equity markets, while uncertainty over the U.S. election outcome and worries about euro zone crisis remained in focus.

  • BRUSSELS, Nov 6- A Hungarian law forcing judges to retire earlier violates EU law and must be repealed, the highest EU court has ruled, condemning a flagship reform of Prime Minister Viktor Orban's that Brussels sees as a sign of creeping authoritarianism.

  • NEW YORK, Nov 6- U.S. stocks rose on Tuesday, putting the S&P 500 on track for a second straight advance as Americans went to the polls to elect the country's president. The Dow Jones industrial average was up 40.29 points, or 0.31 percent, at 13,152.73. The Nasdaq Composite Index was up 3.02 points, or 0.10 percent, at 3,002.68.

  • FRANKFURT, Nov 5- When the European Parliament turned Yves Mersch down for a top central banking post, it wasn't because he lacked the expertise or experience; they rejected him because he is a man. Mersch, a Luxembourger who is highly regarded by his peers, had been expected to get the job on the European Central Bank's all-male board anyway.

  • PARIS, Nov 6- France will offer tax credits from 2013 that should permanently ease companies' labour costs by 6 percent a year, in a tougher-than-expected response to business heads' demands for measures to reverse industrial decline.

  • Nov 6- Freddie Mac reported a third-quarter profit on Tuesday, driven by a U.S. housing market on the mend, and said it was not requesting additional funds from the U.S. Freddie Mac had net earnings of $2.9 billion in the quarter that ended Sept. 30, contrasting a $4.4 billion loss a year earlier.