GO
Loading...

Latest Business News Wires - Business Headlines

More

  • *GM brands all gain; Toyota sweeps top three. DETROIT, Oct 29- Ford Motor Co tumbled to nearly the bottom of an annual survey of vehicle reliability due to flaws in its touch-screen navigation and entertainment system, while Japanese automaker Toyota Motor Corp swept the top three spots.

  • NEW YORK, Oct 29- U.S. stock index futures fell in a shortened session on Monday and cash equity trading was canceled as powerful Hurricane Sandy bore down on the U.S. East Coast, closing equity trading for Tuesday.

  • *Chrysler sees Q4 net income of about $210 million. DETROIT, Oct 29- Chrysler Group LLC posted an 80 percent rise in quarterly net income on Monday on stronger new vehicle sales, continuing the U.S. automaker's comeback from its 2009 bankruptcy. Chrysler, majority owned by Italy's Fiat SpA, also reaffirmed its outlook for the year.

  • Oct 29- U.S. stock and bond markets will be closed on Tuesday, as Hurricane Sandy forced Wall Street to shut down trading for at least a second straight day. NYSE Euronext and Nasdaq OMX Group said they made their decision in consultation with industry executives and regulators, and intend to reopen Wednesday, conditions permitting.

  • NEW YORK, Oct 29- U.S. stock index futures fell in a shortened session on Monday and cash equity trading was canceled as powerful Hurricane Sandy bore down on the U.S. East Coast, closing equity trading for Tuesday.

  • Oct 29- Hurricane Sandy has already knocked out power to more than 700,000 homes and businesses along the U.S. East Coast. FirstEnergy MD, NJ, PA, WV. Northeast Utilities CT, MA, NH.

  • NEW YORK, Oct 29- For some homeowners, the aftermath of Hurricane Sandy could bring a whole second round of troubles. You may be unpleasantly surprised: After Hurricane Irene hit in August 2011, more insurers tucked hefty wind and hurricane deductibles into their policies.

  • *Microsoft showcases new Windows Phones. SAN FRANCISCO, Oct 29- Microsoft Corp Chief Executive Steve Ballmer said on Monday demand for the company's new Windows 8 operating system, released to the public on Friday, was running at a higher rate than its last release, Windows 7..

  • Oct 29- U.S. stock and bond markets will be closed on Tuesday, as Hurricane Sandy forced Wall Street to shut down trading for at least a second straight day. NYSE Euronext and Nasdq OMX Group said they made their decision in consultation with industry executives and regulators, and intend to reopen Wednesday, conditions permitting.

  • WASHINGTON, Oct 29- The U.S. Supreme Court said on Monday it will take the rare step of considering a tax case, one with hundreds of millions of dollars at stake and broad implications for companies with businesses abroad an d for the Internal Revenue Service.

  • US SEC taking deeper look at Nasdaq's Facebook plan Monday, 29 Oct 2012 | 6:54 PM ET

    *SEC will seek more comments on Nasdaq's proposal. *SEC: more time needed to review ``legal and policy'' issues. WASHINGTON, Oct 29- U.S. securities regulators are taking a closer look at Nasdaq OMX's $62 million plan to compensate brokers who suffered losses from the exchange operator's botched handling of Facebook's initial public offering.

  • TORONTO, Oct 29- Production at General Motors Co's Oshawa, Ontario, plant slowed to a crawl on Monday as a strike at Lear Corp cut off supplies of car seats used in vehicles assembled there, the Canadian Auto Workers union said.

  • NEW YORK, Oct 29- U.S. gasoline and heating oil futures gained and U.S. Treasuries also rose on Monday, as economic worries over Hurricane Sandy fueled safe-haven buying in thin trading volume as the powerful storm began to batter the U.S. East Coast.

  • LISBON, Oct 29- Portugal's ruling coalition parties said on Monday they will not run against each other in next year's local elections, sending a signal of unity before Wednesday's vote on a tax-heavy draft 2013 budget aimed at meeting the country's bailout goals.

  • UPDATE 1-Anadarko Petroleum has quarterly profit Monday, 29 Oct 2012 | 6:37 PM ET

    Oct 29- Anadarko Petroleum Corp on Monday reported a quarterly profit compared with a year-ago loss when the U.S. oil and gas company set aside funds to settle with BP Plc over its Gulf of Mexico oil spill.

  • Oct 29- Burger King Worldwide Inc turned in stronger-than-expected U.S. and Canadian restaurant sales for the latest quarter- when rival McDonald's Corp posted its worst quarterly restaurant sales growth in nine years.

  • LONDON, Oct 29- Ex-trader Kweku Adoboli told a court on Monday his bosses at UBS, including senior executive Carsten Kengeter, had been pushing him to take more risks when he took positions that eventually cost the Swiss bank $2.3 billion.

  • *Hurricane Sandy hits U.S. East Coast. NEW YORK, Oct 29- Gold edged lower on Monday on worries about the global economy, and trading was far below normal as a monster hurricane began battering the U.S. East Coast and exchanges were shut in New York. CME Group Inc. closed the COMEX/NYMEX trading floor while keeping its Globex electronic platform running.

  • UPDATE 2-Barclays Libor case to go to trial Monday, 29 Oct 2012 | 6:25 PM ET

    *Guardian Care Homes says wrongly sold interest rate swaps. LONDON, Oct 29- Barclays became the first bank to be ordered to stand trial in a British court over damages stemming from manipulation of the Libor interest rate after a High Court ruling on Monday.

  • *U.S. East Coast refineries shutting ahead of hurricane. *Hurricane expected to hit U.S. East Coast later Monday. NEW YORK, Oct 29- U.S. gasoline futures rallied even as Brent crude seesawed and U.S. crude retreated on Monday as over two-thirds of the East Coast refining sector shut down ahead of Hurricane Sandy.