Latest Business News Wires - Business Headlines


  • Cablevision posts quarterly loss Tuesday, 6 Nov 2012 | 1:40 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 or 14 cents per share in the year-earlier quarter.

  • Marathon Oil quarterly profit rises Tuesday, 6 Nov 2012 | 1:33 PM ET

    Profit in the third quarter was $450 million, or 63 cents per share, compared with $393 million, or 56 cents per share, in the same quarter a year earlier.

  • SAO PAULO, Nov 6- Brazilian car dealerships cut their 2012 sales forecast in half on Tuesday as short-term tax incentives boosted demand less than was expected in the world's fourth-largest auto market.

  • The most recent Reuters/ Ipsos tracking poll shows a tight national race, with Democratic President Barack Obama up two points against his challenger, Republican Mitt Romney, at 48 percent to 46 percent. Polling averages also show Obama with small but critical leads in Ohio, Virginia and Iowa.

  • NEW YORK, Nov 6- U.S. home prices slipped in September after gaining for six months in a row as values were weighed down by cheaper distressed sales, data from CoreLogic showed on Tuesday. CoreLogic Inc's home price index fell 0.3 percent from August.

  • LONDON, Nov 6- Natural gas will struggle beyond niche applications in U.S. transport despite a widening discount to rival fuels, given a shortfall in distribution compared with gasoline, biofuels and electric vehicles. Shale gas production has up-ended power generation, under-cutting the economics of older coal plants and new nuclear.

  • *Third-qtr EPS of 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. ``Things look great,'' RBC Capital Markets analyst Andre Sequin said. ``This company is continuing to make steps in the right direction.''.

  • Nov 6- More than 953,000 homes and businesses along the U.S. East Coast remained without power on Tuesday, eight days 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 6- U.S. stock index futures edged higher on Tuesday, indicating the S&P 500 would advance for a second consecutive session with voters set to elect the country's president.

  • *Robusta hits lowest level since March, Vietnam crop weighs. LONDON, Nov 6- Robusta coffee futures on Liffe fell to an eight-month low on Tuesday with the market weighed by the prospect of a large harvest in Vietnam while ICE arabica coffee turned higher after setting a 4-1/ 2 month low during the prior session.

  • World needs $700 bln in power grid upgrades Tuesday, 6 Nov 2012 | 1:00 PM ET

    *France plans to invest some 15 bln euros by 2020.

  • SAO PAULO, Nov 6- Brazil's government would not meet its primary fiscal surplus goal this year without resorting to an accounting maneuver, Finance Minister Guido Mantega said in an interview published Tuesday.

  • LISBON, Nov 6- Portugal will take many years to fully reduce its budget deficit, its finance minister acknowledged on Tuesday, adding that the IMF and World Bank were close to concluding an evaluation of further spending cuts.

  • Emerson quarterly net profit declines 63 pct Tuesday, 6 Nov 2012 | 11:51 AM ET

    Nov 6- U.S. industrial conglomerate Emerson Electric Co reported a sharply lower quarterly net profit on Tuesday, reflecting a goodwill charge in its network power business, and said it expected earnings to grow by at least a single-digit percentage rate in fiscal 2013..

  • SAO PAULO, Nov 6- Brazil's government would not meet its primary fiscal surplus goal this year without resorting to an accounting maneuver, Finance Minister Guido Mantega said in an interview published Tuesday.

  • HONG KONG, Nov 6- China is expected to soon resume stockpiling of some base metals, including copper and aluminium, buying them from domestic smelters hurt by weak demand, industry sources said on Tuesday.

  • *NYSE Euronext costs fall $82 mln year-to-date. NYSE Euronext said on Tuesday it smashed its 2012 cost cut target of $63 million by taking out $82 million of expenses, a third of the $250 million the exchange has pledged to cut by 2014..

  • LONDON, Nov 6- Security firm G4S, whose reputation was tarnished earlier this year by its failure to provide enough guards for the London Olympic Games, said it was fighting back thanks to strong emerging markets and new UK contracts.

  • Polls indicate the race between President Barack Obama and Republican challenger Mitt Romney will be very close with the risk of a change in fiscal and monetary policy in the world's largest economy keeping investors on the sidelines.

  • PRECIOUS-Gold hovers near 9-week low; eyes U.S. vote Tuesday, 6 Nov 2012 | 11:27 AM ET

    LONDON, Nov 6- Gold steadied near a nine-week low on Tuesday as investors assessed potential policy impact from the neck-and-neck U.S. presidential election, while a strike in Greece to protest austerity cuts also kept sentiment cautious. Spot gold rose 0.36 percent to $1,690.30 by 1127 GMT, but stayed close to Monday's nine-week low of $1,672.24.