Latest Business News Wires - Business Headlines


  • Nov 5- Demand Media Inc reported record quarterly revenue and profit on Monday because more people are visiting its websites such as eHow, Livestrong and Cracked. The better-than-expected results, also buoyed by a partnership with Google Inc's YouTube, prompted Demand Media to raise its full-year outlook.

  • NEW YORK, Nov 5- Phillips 66 said on Monday that its 238,000 barrels-per-day Bayway refinery in Linden, New Jersey, will resume operations in two to three weeks, after Hurricane Sandy caused flooding at the plant. The spill is being cleaned up by the company, along with the U.S. Coast Guard and the New Jersey Department of Environmental Protection.

  • Nikkei seen holding in range ahead of U.S. election Monday, 5 Nov 2012 | 11:23 PM ET

    TOKYO, Nov 6- Japan's Nikkei share average is likely to be contained in a narrow range on Tuesday as investors avoid taking big positions ahead of the U.S. election outcome, with a weak yen offering support to exporters.

  • The FTA is working with the Federal Emergency Management Agency and the U.S. General Services Administration to provide the buses to supplement routes that have been overwhelmed by commuters who ordinarily ride NJ Transit and PATH trains from the New Jersey suburbs to New York, the spokesman said.

  • Nov 5- Apple's lawsuit against Google's Motorola Mobility unit over alleged patent abuse was thrown out on Monday just hours before trial, a setback for the iPhone maker in its efforts to gain leverage in the smartphone patent wars. Apple Inc claimed Motorola's licensing practices were unfair.

  • NEW YORK, Nov 5- Staples Inc, the largest U.S. office supply retailer, has agreed to install ``Amazon Lockers'' in its U.S. stores, a Staples spokeswoman said on Mon day. The Amazon lockers at Staples will allow online shoppers to have packages sent to the office supply chain's stores.

  • Greece faces 48-hour strike over austerity cuts Monday, 5 Nov 2012 | 10:59 PM ET

    Anger, resignation on streets of Athens. The walkout, called by Greece's two biggest labour organisations, is the third major strike in two months against a package of spending cuts and reforms that Prime Minister Antonis Samaras's government is trying to push through parliament to unlock aid.

  • France to unveil measures to boost competitiveness Monday, 5 Nov 2012 | 10:59 PM ET

    PARIS, Nov 6- President Francois Hollande will unveil measures on Tuesday to revive France's struggling industrial sector and make its exporters more competitive, although critics say that the package falls short of much-needed shock therapy.

  • *Supply worries remain in New York, New Jersey. More supplies arrived in the New York and New Jersey region aboard barges and restarted pipelines. There was no word on progress at two idled New Jersey refineries, which account for a quarter of the region's capacity.

  • NEW YORK, Nov 5- Power was restored to just under 23,000 eastern U.S. homes and businesses from 10 am to 3 pm on Monday, but outages increased in New York, Ohio and Pennsylvania as damaged grids were being repaired after Hurricane Sandy, U.S. Department of Energy data showed. Some 1.35 million homes and businesses in the U.S.

  • MEXICO CITY, Nov 5- The world's leading economies gave themselves a bit more wiggle room on Monday to meet targets for cutting budget deficits rather than risk worsening a slowdown in many countries, chief among them the United States.

  • MEXICO CITY/ LONDON, Nov 5- International watchdogs, working to tighten-up global regulation after the financial crisis, are moving ahead with plans to extend their reach to ``shadow banks'' such as money-market funds that handle trillions of dollars in short-term investments.

  • Nov 5- Demand Media Inc reported record quarterly revenue and profit on Monday because more people are visiting its websites such as eHow, LiveStrong and Cracked. The better-than-expected results, also buoyed by a partnership with Google Inc's YouTube, prompted Demand Media to raise its full-year outlook.

  • FOREX-Euro shaky after fall; Aussie eyes RBA rates Monday, 5 Nov 2012 | 10:19 PM ET

    SYDNEY, Nov 6- The euro languished at eight-week lows versus the greenback on Tuesday, having fallen broadly as a Greek parliament vote on a new austerity package loomed. The single currency was at $1.2790, having fallen as far as $1.2767 following a break of the Oct. 1 trough around $1.2804.

  • *Transocean shares up after results, Time Warner off on video demand. *Apple's stock gains 1.4 pct and bolsters the Nasdaq. The Nasdaq was the strongest of the three major U.S. stock indexes, helped by a rally in Apple Inc, the most valuable publicly traded U.S. company.

  • *Millions struggle with lengthy journeys to and from work. NEW YORK/ BELMAR, N.J., Nov 5- Commuters battled unruly crowds on the trains and snarled traffic on the highways Monday at the start of the first full work week since superstorm Sandy devastated the U.S.

  • *Greece funding, China leadership adds to uncertainty. NEW YORK, Nov 5- Oil rebounded on Monday from the previous session's sharp loss while metals and crop prices mostly fell as financial markets treaded warily ahead of the U.S. presidential election and amid recovery work on the destruction left by Hurricane Sandy.

  • NEW YORK, Nov 5- The euro fell to a near two-month low against the U.S. dollar on Monday on uncertainty over a Greek vote on reforms needed to secure international aid and as investors awaited the U.S. elections on Tuesday. Mostly I think the fear is something is going to go wrong with the Greek austerity vote,'' said Steven Englander, head of G10 strategy at Citi.

  • NEW YORK, Nov 5- World stocks fell and the dollar edged up on Monday as investors played it safe before Americans choose their president and Greece headed into two key votes to secure further rescue funds.

  • Euro zone's "phone number" revealed - economist Monday, 5 Nov 2012 | 5:44 PM ET

    The two top interlocutors are the International Monetary Fund in Washington and the European Central Bank in Frankfurt, far outstripping the politicians officially in charge of running the 17- nation single currency area.