Latest Business News Wires - Business Headlines


  • NEW YORK, Nov 1- Commodities rose broadly on Thursday as markets tried to regain a sense of normalcy after a storm devastated the economically key U.S. East Coast, but oil prices were mixed on varying reactions to economic data.

  • UPDATE 1-Crescent Point to buy Ute Energy for $784 mln Thursday, 1 Nov 2012 | 8:33 PM ET

    *Buys private oil company with assets in Utah's Uinta Basin. CALGARY, Alberta, Nov 1- Crescent Point Energy Corp, Canada's No. 4 independent oil-exploration company, said on Thursday it will buy privately held oil and gas producer Ute Energy Upstream Holdings LLC for $784 million in cash to gain oil production in the Uinta basin in northern Utah.

  • Nov 1- Engineering company Fluor Corp reported on Thursday a rise in quarterly profit but said there was a decline in its backlog of work due to mining project cancellations, and gave an outlook for 2013 that was short of analysts' estimates.

  • BOSTON, Nov 1- Massachusetts adopted new regulations on Thursday that it said will allow it to keep a closer eye on compounding pharmacies, a class of drug supplier linked to the U.S. meningitis outbreak that has so far killed 29 people.

  • First Solar third-quarter net earnings drop 55 percent Thursday, 1 Nov 2012 | 8:27 PM ET

    LOS ANGELES, Nov 1- First Solar Inc, the biggest U.S. solar panel maker, on Thursday posted a 55 percent drop in third-quarter net earnings due to restructuring charges and lower revenue.

  • WASHINGTON, Nov 1- The federal government will cover 100 percent of emergency power and public transportation costs through Nov. 9 for the areas of New York and New Jersey that were hit hard by superstorm Sandy, officials said on Thursday.

  • MEXICO CITY, Nov 1- World finance chiefs this weekend will press the United States on how it can prevent its fiscal problems from hitting the global economy and will seek reassurance from Europe that it has a grip on its debt crisis.

  • Starbucks raises full-year forecast on strong sales Thursday, 1 Nov 2012 | 8:16 PM ET

    Nov 1- Starbucks Corp reported higher quarterly profit on Thursday, as overall sales at its established coffee shops topped analysts' estimates, and it raised its forecast for fiscal 2013..

  • Nov 1- New York Mayor Michael Bloomberg on Thursday endorsed President Barack Obama for a second term, citing the importance of his record on climate change, particularly in the aftermath of the devastating blow dealt to the New York area by storm Sandy.

  • DreamWorks posts higher quarterly profit Thursday, 1 Nov 2012 | 8:11 PM ET

    Nov 1- DreamWorks Animation SKG Inc posted a higher quarterly profit, helped by the success of its latest movie `` Madagascar 3: Europe's Most Wanted'' in international markets. Net income rose to $24.4 million, or 29 cents per share, in the third quarter, from $19.7 million, or 23 cents per share, a year earlier. Revenue rose 16 percent to $186.3 million.

  • US STOCKS SNAPSHOT-Wall St rallies on upbeat data Thursday, 1 Nov 2012 | 8:06 PM ET

    NEW YORK, Nov 1- U.S. stocks jumped 1 percent on Thursday as bullish consumer confidence and private-sector jobs data gave investors reason to cheer following superstorm Sandy's devastating sweep through the U.S. The Dow Jones industrial average rose 136.16 points, or 1.04 percent, to end unofficially at 13,232.62.

  • Nov 1- United Airlines said on Thursday it had taken delivery of its second 787 Dreamliner jet from Boeing, following a delay by the aircraft maker, and that another three 787 s due to arrive this year could also be delayed. Boeing said on Tuesday that delivery of at least two 787 jets for United was taking longer than expected.

  • Nov 1- Nearly 4.5 million homes and businesses in 12 U.S. states remained without power on Thursday afternoon, three days after Hurricane Sandy battered the U.S. East Coast, federal data showed. That was down about 200,000 from the 4.7 million customers the U.S. Department of Energy reported as being out earlier on Thursday.

  • WASHINGTON, Nov 1- CACI International Inc's shares surged more than 7 percent on Thursday after the U.S. government contractor said it expects to continue to grow in its current fiscal year despite the challenging U.S. budget environment.

  • TABLE-Top-20 selling vehicles in U.S. in October Thursday, 1 Nov 2012 | 8:01 PM ET

    Nov 1- The following are the 20 top-selling vehicles in the U.S. in October of 2012 as reported by the automakers and ranked by total units. Top 20 selling vehicles in U.S. in October.

  • LONDON, Nov 1- Banks will have to hold more capital after recent hefty fines, trading losses, money laundering and rate-rigging showed that operational risks are not being covered properly. U.S. energy regulators this week proposed fining the bank $470 million for alleged rigging of California's power markets.

  • WASHINGTON, Nov 1- CACI International Inc's shares surged more than 5 percent on Thursday, a day after the provider of services and systems to the U.S. government reported strong quarterly earnings and said it expects to continue to grow despite the difficult U.S. budget environment.

  • *China factory surveys show country's economy gaining traction. U.S. shares followed China's stock markets higher after official and private China manufacturing surveys for October suggested China's economy is finally regaining traction.

  • NEW YORK, Nov 1- Brent crude prices fell on Thursday on returning North Sea supply and euro-zone concerns, while U.S. gasoline edged higher as support from supply disruptions after super storm Sandy countered any pressure from data showing rising inventories.

  • INSIGHT-Putin's Russia: more fragile than it looks Thursday, 1 Nov 2012 | 7:48 PM ET

    *Exodus of talent and money from Russia. Russia is exporting three things in great quantity, says a leading Moscow banker: natural resources, capital and people. Only the first could be regarded as healthy and sustainable; the other two imply that oligarchs and ordinary citizens alike are turning their back on Putin's Russia.