Latest Business Wires

By Kevin Plumberg

SINGAPORE (Reuters) - United Parcel Service Inc <UPS.N>, the world's largest package delivery service, said on Wednesday the U.S. holiday season is likely to be better than expected as the global economy gradually recovers.

By Pedro da Costa and Kristina Cooke

AUSTIN (Reuters) - The United States should not coddle large financial institutions considered "too big to fail", Federal Reserve Bank of Dallas President Richard Fisher said on Tuesday.

By Emily Chasan

SEATTLE (Reuters) - Luxury homebuilder Toll Brothers Inc <TOL.N> said on Tuesday said it expected fourth quarter revenue to drop 30 percent, but blew past Wall Street's expectations by nearly $100 million, and the company's shares rose 5.4 percent in after-hours trading.

By George Chen and Steve Eder

NEW YORK (Reuters) - U.S. Bancorp <USB.N>, the sixth-largest U.S. bank by assets, is looking to expand its credit card business and is actively marketing its cards nationally, Chief Executive Richard Davis said at a conference on Tuesday.

By Juan Lagorio

By Karey Wutkowski and Clare Baldwin

Home prices fell in the third quarter from year-ago levels in about 80 percent of U.S. metropolitan areas, the National Association of Realtors said on Tuesday.

By Scott Malone

NEW YORK (Reuters) - Insurance giant AIG has made progress on its restructuring and will likely be able to repay a taxpayer bailout and buy back much of the government's stake in the company, Moody's Investors Service said on Monday.

By Kristina Cooke

By Pedro Nicolaci da Costa

WASHINGTON (Reuters) - Home prices fell in the third quarter from year-ago levels in about 80 percent of U.S. metropolitan areas, the National Association of Realtors said on Tuesday.

AIG has made tangible progress on its restructuring plan and will likely be able to repay the government's loan and much of its preferred equity stake, Moody's said on Monday.

ATLANTA, Georgia (Reuters) - The U.S. economic recovery is under way and policymakers should now focus on ensuring it is a durable one, a top Federal Reserve official said on Tuesday.

NEW YORK (Reuters) - Beazer Homes USA Inc <BZH.N> on Tuesday reported its first quarterly profit in more than a year, sending its shares up 8 percent in premarket trading.

BRUSSELS (Reuters) - EU antitrust regulators launched an investigation on Tuesday into news and financial data publisher Thomson Reuters' use of its real-time market datafeed, saying it might block users moving to rival firms. The European Commission, which polices competition in the 27-country European Union, said the investigation was launched on its own initiative and that it did not imply it had proof of an infringement.