Latest Business News Wires - Business Headlines


  • GENEVA, Oct 31- The world's leading economies must try harder to keep their markets open to counter slowing global growth, international agencies said on Wednesday.

  • GM posts profit, sees break even in Europe by mid-decade Wednesday, 31 Oct 2012 | 11:29 AM ET

    DETROIT, Oct 31- General Motors Co on Wednesday posted a far stronger-than-expected profit and said it was targeting a return to break-even levels in its money-losing European operations by mid-decade after a loss of as much as $1.8 billion in that region this year.

  • *Proposes dividend of $0.20 from 2013, vs $0.75 in 2012. BRUSSELS, Oct 31- ArcelorMittal, the world's largest steelmaker, plans to slash its dividend and focus on cutting debt after slowing demand from China and sluggish European markets drove it to a third-quarter loss.

  • UPDATE 3-Barclays hit by fresh U.S. investigations Wednesday, 31 Oct 2012 | 11:17 AM ET

    *Barclays may be hit soon with penalty on past U.S. power prices. LONDON, Oct 31- Barclays, already rocked by an interest rate rigging scandal, unveiled 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.

  • TOKYO, Oct 31- Japan's power companies, still reeling from last year's Fukushima disaster, are taking their tentative first steps to embrace competition that may end the regional monopolies that have supplied electricity since World War Two.

  • OECD, WTO, UN urge G20 powers to keep markets open Wednesday, 31 Oct 2012 | 11:03 AM ET

    GENEVA, Oct 31- The Group of 20 leading economies must redouble efforts to keep their markets open to spur global economic growth and restore certainty, international agencies said on Wednesday.

  • Grains futures mostly rise, livestock prices mixed Wednesday, 31 Oct 2012 | 10:59 AM ET

    CHICAGO-- Grain prices mostly rose Tuesday in early trading on the Chicago Board of Trade. Wheat for December delivery rose 7.75 cents to $8.6450 a bushel; December corn added 5.75 cents to $7.4750 a bushel; December oats were unchanged at $3.8875 a bushel; while November soybeans are flat at $15.3375 a bushel.

  • UPDATE 3-Brent rises over $109; recovery eyed after Sandy Wednesday, 31 Oct 2012 | 10:59 AM ET

    *Power outages, flooding hit U.S. East Coast after Sandy. LONDON, Oct 31- Brent crude rose to above $109.50 a barrel on Wednesday, supported by a weaker dollar, as the U.S. East Coast began to pick itself up after storm Sandy, but gains were capped by demand worries in the world's largest oil consumer.

  • 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.