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Latest Business News Wires - Business Headlines


  • *Transocean shares rise after results. President Barack Obama and Republican challenger Mitt Romney sprinted through key states on the last day of campaigning for the White House, with investors eyeing some congressional races.

  • Nov 5- Brazil's Copersucar SA, the world's biggest sugar exporter, will take control of U.S.-based Eco-Energy to become the world's largest ethanol trader, Copersucar said on Monday.

  • LONDON, Nov 5- Stick, twist or fold? ``The total wallet back at the peak was about $14 billion for the banking sector in commodities trading. There were 10-14 banks when it was at $14 billion, now there are really five relevant ones,'' said David Silbert, who leads commodities trading at Deutsche Bank.

  • *Plans to buy Metropolitan Health Networks. Nov 5- U.S. health insurer Humana Inc on Monday said it expects higher profits in 2013, has plans for a $500 million healthcare acquisition, and added President Bruce Broussard will take over as chief executive on Jan. 1.

  • UPDATE 1-Apple says sold 3 mln iPads since Friday Monday, 5 Nov 2012 | 2:08 PM ET

    Nov 5- Apple Inc said it sold a total of three million iPads in the three days since Friday, when it launched the new iPad mini and fourth-generation iPad. This was double the first weekend sales of 1.5 million for Wi-Fi only models for the third generation iPad sold in March, Apple said on Monday.

  • BUSINESS-NEWS-SCHEDULE AT 1230 GMT / 07.30 AM ET Monday, 5 Nov 2012 | 1:55 PM ET

    LONDON- A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe's biggest bank says. ( HSBC/, expect 1715 GMT/ 12.15 PM ET, by Steve Slater and Matt Scuffham, 870 words).

  • Apple says sold 3 mln iPads since Friday Monday, 5 Nov 2012 | 1:45 PM ET

    Nov 5- Apple Inc said it sold three million iPads in the three days since Friday, when it launched the new iPad mini and the fourth-generation iPad.

  • UPDATE 1-GM secures $11 bln credit facility Monday, 5 Nov 2012 | 1:45 PM ET

    DETROIT, Nov 5- General Motors Co said it clinched an $11 billion revolving credit facility, further strengthening the largest U.S. automaker's balance sheet.

  • UPDATE 3-Fitch upgrades Turkey to investment grade Monday, 5 Nov 2012 | 1:44 PM ET

    ISTANBUL, Nov 5- Fitch Ratings upgraded Turkey to investment grade on Monday, a move long coveted by Ankara, citing underlying strengths and an easing in near-term risks for the economy. The upgrade, Turkey's first investment grade rating since 1994, triggered a rally in financial markets.

  • ABUJA, Nov 5- Nigerian President Goodluck Jonathan is coming under increasing pressure to tackle government corruption after an oil probe released last week showing billions of dollars of lost state revenues sparked a political row.

  • UPDATE 2-Sandy hit manageable for insurers - Hiscox Monday, 5 Nov 2012 | 1:39 PM ET

    LONDON, Nov 5- Superstorm Sandy won't put insurers' finances under severe strain, and may allow them to push through a profit-boosting rise in prices next year, Hiscox, the biggest London- listed reinsurer, said on Monday.

  • Nov 5- Morgan Stanley is revamping its institutional securities business, announcing Monday that Paul Taubman will retire as co-head of the trading and banking unit while co-head Colm Kelleher will remain as president.

  • ANALYSIS-Women challenge central banking men's club Monday, 5 Nov 2012 | 1:29 PM ET

    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.

  • The $2.3- billion project by the small, British company London Mining Plc would also bring diesel power plants, a road and a port near Greenland's capital Nuuk.

  • Nov 5- Tesla Motors Inc reported a bigger third-quarter loss on Monday as it ramped up production of its Model S sedan, and the electric carmaker maintained its 2012 revenue outlook. Tesla said its third-quarter loss had widened to $110.8 million, or $1.05 per share, from $65.1 million, or 63 cents per share, a year earlier.

  • *Colonial Pipeline: commercial power restored at Linden. *Fuel shortages remain in New York and New Jersey. Commercial power was restored at Colonial Pipeline's key terminal in Linden and the company was delivering to seven terminals on Sunday out of the 20 connected to the facility.

  • Nov 5- More than 1.3 million homes and businesses along the U.S. East Coast remained without power on Monday a week after Hurricane Sandy slammed into the region. Sandy made landfall in New Jersey on the night of Oct. 29. Power companies said the storm affected about 8.48 million customers, according to a U.S. Department of Energy report.

  • NEW YORK, Nov 5- On the 19th floor of Consolidated Edison's Manhattan headquarters, the veteran lineman briefing a roomful of 100 out-of-town utility workers had a lot of advice, from the practical to the profane. It was familiar patter for Glenn Nicholas and his co-workers from New Orleans, who had been to New York before to train with Con Edison.

  • *Hong Kong's gold shipments to China jump in September. ``Obama is supporting Bernanke, and is supporting monetary stimulus,'' Saxo Bank vice president Ole Hansen said. Spot gold was at $1,677.69 at 1131 GMT, up 0.08 percent, having earlier touched a nine-week low of $1,672.24, while U.S. gold futures for December rose $3.10 an ounce to $1,678.30.

  • Nov 5- U.S. health insurer Humana Inc, which has struggled with the costs associated with a rise in membership in its Medicare Advantage program for older people, reported a lower quarterly profit on Monday, but said its results were better than it had expected.