Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines


  • Treasury debt prices rose on Monday as a perceived rise in political risks in Italy and concerns about the strength of the U.S. economic recovery fueled safe-haven buying in thin trade as Hurricane Sandy was on track to pummel the U.S. East Coast.

  • WASHINGTON, Oct 29- U.S. consumer spending rose solidly in September as households stepped up purchases on automobiles and a range of other goods, but the increase came at the expense of savings. The Commerce Department said on Monday consumer spending rose 0.8 percent, the largest increase since February, after an unrevised 0.5 percent gain in August.

  • ZURICH/ LONDON, Oct 29- Shares in UBS soared on Monday after media reports the Swiss bank would announce up to 10,000 job cuts as it takes the knife to its investment banking operations, particularly its fixed income business.

  • *Dry weather seen helping Brazil sugar harvest. LONDON, Oct 29- Liffe robusta coffee futures fell to a seven-week low on Monday, under pressure from origin selling as top producer Vietnam's harvest picked up.

  • LONDON, Oct 29- Brent crude oil steadied around $110 a barrel on Monday as Hurricane Sandy, which forecasters said could be the largest storm ever to hit the North American mainland, approached the U.S.

  • *Petronas-Progress extend closing by 30 days to Nov. 30. KUALA LUMPUR, Oct 29- Malaysian state oil firm Petronas said on Monday it has extended the closing date on its bid for Canadian gas producer Progress Energy Resources until Nov. 30, as it works to overturn the Canadian government's rejection of the proposed deal.

  • NEW YORK, Oct 29- The euro slipped against the dollar and yen on Monday, hurt by uncertainty over whether Greece can agree to a deal on austerity and with no sign of when Spain might request aid. Unless Spain seeks a rescue, sentiment towards the euro is unlikely to turn positive, traders said.

  • *Most states have enough savings, $1.6 trillion in 2011. DUBAI, Oct 29- Most Arab oil exporting countries in the Gulf should plan to reduce growth in government spending to make their budgets more sustainable, as their combined surplus could turn into a deficit around 2017, the International Monetary Fund said on Monday.

  • *DOJ, SEC convinced enforcement changing corporate culture. At least eight of the world's top 10 drugmakers, including Bristol-Myers Squibb Co, Pfizer Inc and Johnson&, have disclosed U.S. probes under the 1977 Foreign Corrupt Practices Act.

  • Weak insurers and earnings worries hit Europe shares Monday, 29 Oct 2012 | 11:55 AM ET

    *FTSEurofirst 300 falls 0.6 pct to 1,090.86 points. *Euro STOXX 50 falls 0.9 pct to 2,473.28 points. LONDON, Oct 29- European shares fell for the first time in four sessions on Monday, with insurance stocks hit by concern about their exposure to the U.S. hurricane, while a backdrop of weak company results also weighed.

  • *Strong headwinds remain, with growing focus on France. BRUSSELS, Oct 30- Europe has won the immediate battle to save the euro, but the war to make the single currency sustainable in the long run has only just begun.

  • Oct 29- Visitor arrivals in Hong Kong in September rose 18.8 percent from a year earlier to about 3.79 million, data from the Hong Kong Tourism Board showed on Monday.

  • LONDON, Oct 29- As the Northeast United States locks down in the path of Hurricane Sandy, the freakishly large tropical storm careening in from the Atlantic, the main impact is likely to be on fuel demand rather than supply.

  • Oct 29- The weekly U.S. crop progress report that is normally released on Monday afternoons will be delayed as the federal government closes down ahead of Hurricane Sandy, the Department of Agriculture said. The USDA said the rescheduled release time would be announced as soon as offices reopen.

  • NEW YORK, Oct 29- U.S. stock index futures fell on Monday with investors continuing to fret about the weak revenue picture developing for corporate America, and as U.S. cash equity markets will be closed due to a huge hurricane expected to hit the U.S. East Coast the later in the day.

  • LONDON,- Copper hit a 7- week low on Monday as the euro edged lower and as concern about global growth, sparked by disappointing corporate earnings, dented risk appetite and overshadowed solid U.S. third quarter economic growth.

  • BUDAPEST, Oct 29- Hungary appeared to cast doubt on Monday on prospects for an International Monetary Fund/European Union funding pact, with Budapest's negotiator saying ``life would go on'' even without a deal. Mihaly Varga, Hungary's minister in charge of the negotiations, also played down what an IMF/EU deal would do to attract investors.

  • *Resource stock performance tied to China, commodities.

  • *U.S. East Coast refineries cut output ahead of hurricane. LONDON, Oct 29- Brent crude oil fell towards $109 a barrel on Monday as U.S. East Coast refineries shut ahead of the approach of Hurricane Sandy, reducing crude use in the world's largest oil consumer.

  • Clean Harbors to buy Safety-Kleen for $1.25 bln Monday, 29 Oct 2012 | 11:08 AM ET

    Oct 29- Waste management company Clean Harbors Inc said it will buy privately held Safety-Kleen Inc, a re-refiner and recycler of used oil in North America, for $1.25 billion in an all-cash deal.