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  • Markets steady in run-up to EU summit Thursday, 18 Oct 2012 | 6:36 AM ET

    LONDON-- Markets were largely steady Thursday, after solid gains this week, on signs that China's economy is not slowing as quickly as feared, the U.S. is recovering and Spain will soon request a bailout.

  • Ahead of the bell: High hopes for Google's 3Q Thursday, 18 Oct 2012 | 6:35 AM ET

    SAN FRANCISCO-- Google Inc.' s third-quarter earnings should reveal whether investors' recently rejuvenated optimism about the Internet search leader's growth prospects is justified.

  • MGM China signs deal for Macau casino expansion Thursday, 18 Oct 2012 | 6:10 AM ET

    HONG KONG-- The Chinese arm of U.S. casino company MGM Resorts International says it has signed a long-awaited land deal to build a new casino resort in Macau, the world's biggest gambling market. MGM said it is paying $161.4 million for the land, including a down payment of $56.2 million.

  • Spain raises $6.04 bln in successful debt sale Thursday, 18 Oct 2012 | 5:58 AM ET

    MADRID-- Spain has raised 4.6 billion at a sharply lower cost amid growing expectations that the cash-strapped country will soon make a request for international help to deal with its finances. The Treasury sold 1.51 billion in 10- year bonds Thursday at an average interest rate of 5.46 percent, down from 5.66 percent in the last such auction Sept. 20.

  • Merkel backs EU budget control, new fund Thursday, 18 Oct 2012 | 5:39 AM ET

    BERLIN-- German Chancellor Angela Merkel endorsed a proposal for a top European Union official to be given the power to veto member governments' budgets, and suggested Thursday that the bloc could set up a new fund to finance projects in struggling countries.

  • Portugal's coalition govt averts political crisis Thursday, 18 Oct 2012 | 5:36 AM ET

    LISBON, Portugal-- The junior party in bailed-out Portugal's coalition government has ended days of political tension by endorsing a plan for severe tax increases next year, ensuring the new austerity measures are approved in Parliament.

  • Rebels blow up oil and gas pipelines in Syria Thursday, 18 Oct 2012 | 5:32 AM ET

    BEIRUT-- Syria's state news agency says rebels have blown up two oil and gas pipelines in the northeast near the Iraqi border. The pipelines ran between Deir al-Zour and the city of Palmyra in central Syria. Rebels seeking to overthrow President Bashar Assad have repeatedly bombed such pipelines.

  • World stocks rise on US, China recovery signs Thursday, 18 Oct 2012 | 5:17 AM ET

    BANGKOK-- Stock markets rose Thursday after an unexpectedly strong U.S. housing report renewed confidence in the world's biggest economy and the latest data from China suggested the worst of its slump is over.

  • Merkel backs calls for budget control Thursday, 18 Oct 2012 | 4:12 AM ET

    BERLIN-- German Chancellor Angela Merkel is endorsing a proposal for a top European Union official to be given the power to veto member countries' budgets, and is suggesting the bloc could set up a fund to finance projects in struggling countries. Merkel addressed Germany's Parliament ahead of an EU summit starting Thursday.

  • Russian govt downplays Rosneft expansion concerns Thursday, 18 Oct 2012 | 3:08 AM ET

    MOSCOW-- Russia on Thursday downplayed concerns that Rosneft's possible purchase of BP's stake in the joint venture TNK-BP, which analysts say would reshape the country's oil industry and create the world's biggest oil and gas company, is likely to threaten competition.

  • First oil nears for Kazakhstan's supergiant field Thursday, 18 Oct 2012 | 3:03 AM ET

    KASHAGAN OILFIELD, Kazakhstan-- The manmade islands that are home to Kazakhstan's mammoth Kashagan oilfield project rise like a mirage to the boats churning through the shallow waters of the Caspian Sea. When surveyors confirmed in 2000 that Kazakhstan had a new supergiant oil reserve, the world's energy companies reacted with glee.

  • Emerging markets give Nestle a Q3 sales boost Thursday, 18 Oct 2012 | 3:01 AM ET

    GENEVA-- Strong growth in emerging markets helped Swiss food and drink giant Nestle SA post an 11 percent increase in sales for the first nine months of 2012.. The Vevey- based group said Thursday that sales rose to 67.6 billion Swiss francs through September, up from 60.9 billion francs in the same period last year.

  • Feds: NYC terror sting suspect picked hard target Thursday, 18 Oct 2012 | 2:49 AM ET

    NEW YORK-- A Bangladeshi man snared in an FBI terror sting considered targeting a high-ranking government official and the New York Stock Exchange before authorities say he raised the bar by picking one New York City's most fortified sites: The Federal Reserve.

  • Akzo Nobel reports $3.11B loss in third quarter Thursday, 18 Oct 2012 | 2:43 AM ET

    AMSTERDAM-- With its new CEO on an extended sick leave, Dutch chemicals conglomerate Akzo Nobel NV reported Thursdsay a 2.37 billion loss in the third quarter after taking a massive impairment charge on its home paints business.

  • Oil steady near $92 as supplies, China weighed Thursday, 18 Oct 2012 | 2:01 AM ET

    BANGKOK-- Oil prices were nearly unchanged Thursday in Asia as traders weighed signs of economic recovery in China against an increase in U.S. crude supplies. Benchmark oil for November delivery was up 4 cents at $92.16 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.

  • Chinese firm says US rejection deters investment Thursday, 18 Oct 2012 | 1:54 AM ET

    BEIJING-- The Chinese company suing President Barack Obama for blocking its planned wind farm projects in Oregon accused the U.S. leader and his government of discrimination Thursday and warned that the case would deter Chinese investment in the United States.

  • Nestle posts 11 percent increase in 3Q sales Thursday, 18 Oct 2012 | 1:40 AM ET

    GENEVA-- Buoyed by growth in emerging markets, Swiss food and drink giant Nestle SA on Thursday posted an 11 percent increase in sales for the first nine months of 2012..

  • Asia stocks rise on US, China recovery signs Thursday, 18 Oct 2012 | 1:30 AM ET

    BANGKOK-- Asian stock markets rose Thursday after an unexpectedly strong U.S. housing report renewed confidence in the world's biggest economy and the latest data from China suggested the worst of its slump is over.

  • Europe's leaders to focus on strengthening banks Thursday, 18 Oct 2012 | 1:02 AM ET

    BRUSSELS-- European leaders are gathering again in Brussels to discuss how to save the euro currency from collapse and support countries facing too much debt and not enough growth. The leaders of the 27 countries that make up the European Union will discuss how to support their banks, one part of the crisis.

  • Isis trading halts as FDA reviews key drug's risks Thursday, 18 Oct 2012 | 12:58 AM ET

    Drug developer Isis Pharmaceuticals Inc. and partner Genzyme said Thursday a panel of advisers to the Food and Drug Administration had voted 9 to 6 to recommend approval of Kynamro, for treating patients genetically predisposed to have sky-high LDL, or bad cholesterol. The FDA is not bound to follow recommendations of its advisers, but usually does so.