WASHINGTON— Even after the most vigorous three-month hiring spree in 17 years, U.S. employers are showing few signs of letting up. Job growth for February, to be reported Friday, might not match the furious pace of November through January, when 1 million positions were added. "People are pretty optimistic about the U.S. economy, and they're hiring," said Frank...» Read More
NEW YORK-- Drug giant Pfizer Inc. says its third-quarter profit fell 14 percent as sales plunged, mainly due to U.S. generic competition to cholesterol fighter Lipitor, long the world's top-selling drug. The maker of pain reliever Lyrica says net income was $3.21 billion, or 43 cents per share.
SINGAPORE, Nov 1- Gold traded flat on Thursday, shrugging off data showing China's economy was perking up, as investors looking for more clarity on the global economy focused instead on U.S. employment data due on Friday.
LONDON, Nov 1- World No. 2 oil company Royal Dutch/Shell suffered a 15 percent fall in current cost of supply profits in the third quarter as the impact of lower crude prices and charges outweighed stronger margins in refining. Shell reported CCS net profit of $6.1 billion, down from $7.2 billion a year ago.
TOKYO, Nov 1- Japan's government is ready to strike a deal with the opposition to pass a critical bill needed to prevent a severe funding squeeze and it is now up to the opposition to spell out its conditions, Vice Finance Minister Tsutomu Okubo said on Thursday.
HONG KONG, Nov 1- Mainland China shares started November on a strong note on Thursday, posting their best performance in more than three weeks, boosted by positive economic data and measures by some city governments to ease restrictions on the property sector.
LONDON, Nov 1- European stock index futures pointed to a flat-to-lower open on Thursday, in what is expected to be a light session due to public holidays in part of mainland Europe. At 0703 GMT, futures for the Euro STOXX 50 were down 0.3 percent, contracts on Germany's DAX were down 0.1 percent and futures on France's CAC were flat.
LONDON, Nov 1- Spain's ``bad bank'' will struggle to find buyers for swathes of empty land, unfinished housing projects and doubtful loans left over from a property crash, hindering Madrid's attempts to overcome the wider economic crisis. Spain is setting up the bad bank, known by the acronym SAREB, under a plan to cleanse the banking system of toxic property assets.
*PMIs from India, Indonesia, Taiwan improve. TOKYO, Nov 1- Asian shares fell on Thursday but losses were curbed as the region's factory activity surveys mostly improved, with China's official and private sector manufacturing PMIs confirming a recovery in the growth trend even if it lacked punch.
TOKYO, Nov 1- Japan's Sharp Corp, the struggling maker of Aquos TVs, increased its full-year operating loss forecast to 155 billion yen from a previous 100 billion yen loss forecast.
TOKYO, Nov 1- Japan's Sony Corp booked a small operating profit in the second quarter, after a loss a year ago, helped by the sale of a chemicals business that offset weak demand for its TVs and other devices, and it kept its full-year profit guidance.
TOKYO, Nov 1- Japan's Sharp Corp, the struggling maker of Aquos TVs, increased its full-year operating loss forecast to 155 billion yen from a previous 100 billion yen loss forecast. At a net level, Sharp slashed its full-year loss forecast to 450 billion yen from a previous forecast of 250 billion yen.
TOKYO, Nov 1- Japan's Sony Corp returned to an operating profit in the second quarter after a loss a year ago, helped by the sale of a chemicals business that offset weak demand for its TVs and other devices, and it kept its full-year profit guidance.
TOKYO, Nov 1- Japan's Nikkei average edged up on Thursday as a pick-up in Chinese manufacturing data helped construction makers and shippers, offsetting weakness in Panasonic Corp. The Nikkei rose 0.2 percent to 8,946.87, and the broader Topix index added 0.1 percent to 743.32.
MANILA, Nov 1- Reforms pushed through by President Benigno Aquino have put the Philippines back on the map for international investors but authorities are struggling to control an inflow of capital that has pushed up the currency and threatens asset price bubbles.
SINGAPORE, Nov 1- Brent crude edged down toward $108 a barrel on Thursday as investors focused on concerns that storm Sandy's rampage across the U.S. East Coast could reduce fuel demand and shrugged off data pointing to a recovery in China.
SEOUL, Nov 1- Hyundai Motor Co posted record monthly sales for October, but its shares tumbled on Thursday, which analysts said was sparked by market rumours that the South Korean automaker may face a recall or litigation in the United States.
BEIJING/ SEOUL, Nov 1- Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released on Thursday that showed renewed vim from China's factory sector and a rebound in South Korean exports.
SHANGHAI, Nov 1- China's central bank set a weaker midpoint for the yuan against the dollar on Thursday aiming to slow the currency's rise, dealers said, as it hit the strong-side limit of the trading band for a third straight day. The People's Bank of China set its midpoint at 6.3017 per dollar, slightly weaker than Wednesday's fix of 6.3002.
RIYADH, Nov 1- An industrial building in eastern Riyadh was almost entirely destroyed by a large explosion on Thursday, a Reuters witness said. The building was almost levelled by the blast, with one corner left standing, the witness said. Nearby vehicles were on fire and at least five fire engines were arriving at the scene.