Latest Business News Wires - Business Headlines


  • Take-Two stock up on 2Q beat, GTA heat Wednesday, 31 Oct 2012 | 10:48 AM ET

    NEW YORK-- Take-Two Interactive blew past Wall Street expectations for the second quarter Wednesday with gamers snapping up popular sequels like "Borderlands 2" and "Grand Theft Auto IV." Revenue more than doubled to $273.2 million, from $107 million.

  • McCrory besting Dalton in NC governor fundraising Wednesday, 31 Oct 2012 | 10:34 AM ET

    RALEIGH, N.C.-- High-profile North Carolina Republicans are benefiting from a marked fundraising advantage over Democratic rivals entering the fall campaign's final days, led by gubernatorial candidate Pat McCrory.

  • China prioritizes use of natural gas by vehicles, ships Wednesday, 31 Oct 2012 | 10:34 AM ET

    BEIJING, Oct 31- China unveiled on Wednesday a natural gas policy designed to spur the transport sector's use of the cleaner-burning fuel, and particularly of liquefied natural gas, as the world's second-largest user of fuel reins in consumption of dirtier oil.

  • *Waste Management 3Q net income drops 21 pct Wednesday, 31 Oct 2012 | 10:28 AM ET
  • WRAPUP 1-Polish, Czech PMIs point to more weakness Wednesday, 31 Oct 2012 | 10:20 AM ET

    The figures pointed to an overall economic slowdown in the third quarter in Poland, whose impressive growth has begun to fizzle out, and an extension of the recession that has strangled the Czech economy since the last quarter of 2011..

  • Yuan ends day at strong-side limit, highest ever close Wednesday, 31 Oct 2012 | 10:14 AM ET

    *Yuan posts strongest ever open and close. *Ends day at strong-side limit. SHANGHAI, Oct 31- China's yuan recorded its strongest ever close on Wednesday after it hit the strong-side trade band limit for a fourth time in less than a week, and held there until trading shut.

  • *Net income forecast Y765 bln loss vs prior Y50 bln profit. TOKYO, Oct 31- Panasonic Corp said it will lose almost $10 billion this business year as it cleans house of poorly performing operations, writing down billions of dollars of goodwill and assets in its mobile and energy units while its new boss readies for a fresh bout of restructuring.

  • LONDON, Oct 31- European shares and the euro rose on Wednesday as investors looked ahead to key economic data and waited for Wall Street to re-open after a two-day closure.

  • Reuters World News Highlights at 1000 GMT, Oct 31 Wednesday, 31 Oct 2012 | 10:00 AM ET

    KETTERING, Ohio- President Barack Obama and Republican Mitt Romney briefly put aside their fierce battle for the White House on Tuesday, avoiding politics to focus on relief efforts after mammoth storm Sandy left millions of Americans struggling to recover.

  • NEW YORK, Oct 31- U.S. stock index futures rose on Wednesday ahead of what could be a volatile session's trading as Wall Street re-opens after a two-day closure following a damaging storm along the U.S. east coast. Stocks moving in early trade include Ford Motor Co, which posted earnings reports during the closure and rose 1.9 percent to $10.56.

  • Republic gets $45M in improvements for Chautauqua Wednesday, 31 Oct 2012 | 9:58 AM ET

    INDIANAPOLIS-- Republic Airways Holdings Inc. said Wednesday that it has worked out changes to its Chautauqua regional airline business that will save it roughly $45 million per year over the next five years. Major airlines such as Delta and United hire regional operators like Republic's Chautauqua to handle flying from smaller cities to their hubs.

  • Mixed earnings cap gains for European shares Wednesday, 31 Oct 2012 | 9:57 AM ET

    *BG, Barclays knocked by earnings. *Traders look to Wall Street reopening after storm closure. U.S. futures pointed to a higher open on Wall Street.

  • *Some damage in Newport, most tourist areas open Wednesday, 31 Oct 2012 | 9:57 AM ET
  • GM 3Q profit falls 14 pct Wednesday, 31 Oct 2012 | 9:53 AM ET

    DETROIT-- A turnaround in South America and a rosier outlook in Europe helped push General Motors shares up in premarket trading Wednesday, even though the company's third-quarter net profit fell 14 percent. But South America swung to a big profit and GM posted better-than-expected results internationally outside of China.

  • FOREX-Euro firms, boosted by equity gains, German data Wednesday, 31 Oct 2012 | 9:45 AM ET

    LONDON, Oct 31- The euro rose on Wednesday, lifted as equity market gains helped perceived riskier currencies, and with direction likely to be determined by how Wall Street reopens after storm disruption. A sustained rise above $1.30 could see it target the Oct. 25 high of $1.3023 and then the mid-October peak of $1.3140.

  • UPDATE 1-PVH Corp to buy Warnaco Group for $2.9 bln Wednesday, 31 Oct 2012 | 9:18 AM ET

    Oct 31- PVH Corp has agreed to buy apparel firm Warnaco Group Inc for about $2.9 billion, in a deal to bring all Calvin Klein clothing under its control. Warnaco's Calvin Klein businesses will be moved to PVH and run by Tom Murry, chief executive of Calvin Klein following the cash and stock deal.

  • UPDATE 2-Barclays hit by fresh U.S. investigations Wednesday, 31 Oct 2012 | 9:04 AM ET

    *Barclays also under investigation on past U.S. power prices. LONDON, Oct 31- Barclays, already rocked by an interest rate rigging scandal, unveiled two new U.S. regulatory investigations into the bank's financial probity on Wednesday and said its profit was hit by charges for mis-selling insurance.

  • *HSI up 1 pct, climbs 3.8 pct this month. HONG KONG, Oct 31- Hong Kong shares posted a second-straight monthly gain on Wednesday, bouncing off a near two-week low after Industrial and Commercial Bank of China, the country's largest bank, posted third-quarter earnings that beat expectations.

  • *Germany to sell 2 bln euros of 2044 bonds. *France to sell 7.5 bln euros of paper. LONDON, Oct 31- German government bonds slipped on Wednesday before longer-dated auctions from Germany and France as traders braced to absorb the supply, though they expected Bunds to rally later on month-end position adjustment.

  • JERUSALEM, Oct 31- Potash Corp, the world's largest fertiliser maker, is in talks with Israel's government about merging with its smaller rival Israel Chemicals, ICL's parent company said. Conglomerate Israel Corp owns 52.3 percent of ICL.