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Top News & Analysis United States

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  • *Uncertainty over Spain and Greece pressures euro. LONDON, Oct 9- A stark warning from the IMF about the global growth outlook and the prospects for Spain and Greece sent European stocks and the single currency lower on Tuesday, while oil rose on escalating tensions in the Middle East.

  • MARKET PULSE-Alcoa, Eli Lilly, Edwards Lifesciences Tuesday, 9 Oct 2012 | 7:34 AM ET

    **ALCOA INC, Monday close $9.12, up 0.5 pct post-market. **YUM BRANDS, Monday close $66.94,. **CHEVRON CORP, Monday close $117.62.

  • Destination Maternity 4Q revenue tops Street Tuesday, 9 Oct 2012 | 7:33 AM ET

    PHILADELPHIA-- Destination Maternity said Tuesday that its fiscal fourth-quarter revenue dipped slightly, but the results still managed to beat Wall Street's expectations. Destination Maternity said that its quarterly revenue fell less than 1 percent to $128.5 million.

  • Survey: Small biz owners growing more pessimistic Tuesday, 9 Oct 2012 | 7:31 AM ET

    NEW YORK-- Small business owners are growing more pessimistic. A survey released Tuesday by the National Federation of Independent Business shows that owners became more pessimistic during September as employment and sales remained weak. The NFIB's index of owner optimism fell 0.1 point to 92.8.

  • WASHINGTON, Oct 9- U.S. small business sentiment weakened in September for the fourth time in five months as fewer owners expected to add staff and make capital investments. The National Federation of Independent Business said on Tuesday its optimism index fell 0.1 point to 92.8 last month.

  • Stanley Black & Decker selling unit for $1.4B Tuesday, 9 Oct 2012 | 7:25 AM ET

    NEW BRITAIN, Conn.-- Tool maker Stanley Black& Decker Inc. is selling its hardware and home-improvement business to Spectrum Brands Holdings Inc. for $1.4 billion in cash. Stanley Black& Decker, which is based in New Britain Conn., said the sale is part of its ongoing strategy to diversify its revenue and geographic reach.

  • World stocks stall after Asian session Tuesday, 9 Oct 2012 | 7:21 AM ET

    AMSTERDAM-- World stock markets mostly declined Tuesday against a backdrop of worries about global economic growth and Europe's debt crisis. Meanwhile, comments by the International Monetary Fund on the global economy "provide a gloomy backdrop" for the day, said Monument Securities analyst Marc Ostwald.

  • FED FOCUS-How a Fed inflation hawk changed his mind Tuesday, 9 Oct 2012 | 7:20 AM ET

    CHICAGO, Oct 9- Narayana Kocherlakota surprised economists around the world last month when he called on the U.S. central bank to hold interest rates near zero, possibly for several years to come.

  • *Alcoa to start earnings season after the close. *The IMF warnings comes on the heels of a growth forecast cut for East Asia by the World Bank on concerns China's slowdown could last longer than expected.

  • Several sources briefed on the negotiations said France and Britain had narrowed differences over the wording of key guarantees on state shareholdings, raising the prospect that the companies will buy more time to complete the complex deal.

  • UPDATE 4-Oil rises on Syria-Turkey tensions Tuesday, 9 Oct 2012 | 7:07 AM ET

    Turkish President Abdullah Gul said on Monday the "worst-case scenarios" between his country and Syria were now playing out, fuelling concerns that the 18- month-old conflict in Syria may spread to other countries in the region.

  • NEW DELHI, Oct 9- U.S. Treasury Secretary Timothy Geithner said on Tuesday he was "relatively confident" that Washington can manage its fiscal challenges.

  • Ahead of the Bell: Alcoa Tuesday, 9 Oct 2012 | 7:01 AM ET

    NEW YORK-- Alcoa Inc. may set the stage for what's expected to be a disappointing earnings season when it reports third-quarter results Tuesday after the markets close. Alcoa's net income equaled 15 cents a share in the third quarter of 2011.. Alcoa faces challenges from a slowdown in global manufacturing.

  • *Amazon's Epix deal includes pay-for-performance provision* Amazon pays more than Netflix on per-sub basis-execs* Amazon spends $1 bln/ yr on streaming video content-analyst By Alistair Barr.

  • Workday raises IPO price range to $24-$26/shr Tuesday, 9 Oct 2012 | 6:59 AM ET

    Oct 9- Silicon Valley-based Workday Inc, which provides cloud-based human resource software, raised the expected price range of its IPO to $24- $26 per share from $21- $24 per share. Pleasanton, California- based Workday was co-founded by ex-PeopleSoft executives David Duffield and Aneel Bhusri, who left PeopleSoft following its acquisition by Oracle Corp.

  • U.S. economy growing close to potential - Geithner Tuesday, 9 Oct 2012 | 6:57 AM ET

    NEW DELHI, Oct 9- The U.S economy is now growing close to its potential, U.S Treasury Secretary Timothy Geithner said on Tuesday. Geithner also said during a visit to New Delhi that economic reforms in Europe "could take years and years to bear fruit". "We are very worried about risk of collapse in Europe...

  • Sears expects $346.5M in proceeds from offering Tuesday, 9 Oct 2012 | 6:51 AM ET

    HOFFMAN ESTATES, Ill.-- Sears anticipates that it will receive about $346.5 million in gross proceeds from a rights offering related to the spinoff of its Hometown and Outlet stores. Sears Holdings Corp. had signaled in February that it would split off the companies as a separate publicly traded entity.

  • Regulatory uncertainty and policy gridlock have battered foreign corporate investment towards India over the past year, adding to dramatic slowdown in growth.

  • Most of the net buying has focused on non-euro countries UK and Sweden while investors were small net buyers of Italy in September, the analysts write. However Spain, which saw its main stock index rally strongly over the summer, has continued to see net selling.

  • LONDON, Oct 9- Slovenia has hired BNP Paribas, Deutsche Bank and JP Morgan to arrange investor meetings in the United States ahead of a critical dollar bond issue, according to banking sources.