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Top News & Analysis United States


  • Oct 11- Two of Caterpillar Inc's five group presidents are retiring, a loss of key talent as the world's largest maker of tractors, excavators and other heavy equipment tries to navigate the rough global economy.

  • By John Whitesides and Andy Sullivan. Vice President Joe Biden leaped to the attack against Republican challenger Paul Ryan in a lively debate on Thursday, aggressively defending the administration's economic and foreign policies in a bid to regain momentum in the White House race.

  • F1 and Speed channel splitting after this season Friday, 12 Oct 2012 | 12:07 AM ET

    Fox Sports Media Group, which owns Speed, confirmed Friday that the partnership will end after this season. "It's disappointing to learn that F1 has elected to move forward with a different media partner," Fox Sports Media Group said in a statement to The Associated Press.

  • LOS ANGELES, Oct 12- The retired space shuttle Endeavour set off on Friday for a trip unlike any of its previous journeys, one in which it will crawl through the streets of Los Angeles instead of hurtling through space.

  • Celgene gets new Abraxane marketing approval Friday, 12 Oct 2012 | 12:04 AM ET

    SUMMIT, N.J.-- Celgene Corp. said Friday it won a new marketing approval for its drug Abraxane. Shares of Celgene advanced $1.66, or 2.1 percent, to $79.38 in morning trading.

  • TOKYO, Oct 12- Japanese wireless service provider Softbank Corp is in talks with three major Japanese banks to borrow $23 billion to finance a bid for U.S. operator Sprint Nextel Corp, sources with direct knowledge of the matter told Reuters on Friday.

  • IMF, World Bank chiefs urge focus on fair growth Thursday, 11 Oct 2012 | 11:41 PM ET

    TOKYO-- Sacrificing growth for the sake of austerity could put the entire world economy in jeopardy, the head of the International Monetary Fund told global financial leaders Friday, calling for medium-term work to bring down debt levels and urgent action to get the unemployed back to work.

  • Asia stocks up as US jobless claims fall sharply Thursday, 11 Oct 2012 | 11:11 PM ET

    Hong Kong's Hang Seng advanced 0.9 percent to 21,182.77 and South Korea's Kospi rose 0.1 percent to 1,935.53. The Commerce Department reported that foreign demand declined for American-made cars and farm goods. One big unknown is Spain and whether the government of the recession-mired country will ask for a financial bailout.

  • Brent hovers above $115, eyes best week in two months Thursday, 11 Oct 2012 | 11:08 PM ET

    *Turkey- Syria tensions, lower N.Sea output support. SINGAPORE, Oct 12- Brent crude held above $115 a barrel on Friday, trading near four-week highs and on course for its biggest weekly gain in two months, supported by tensions between Turkey and Syria, lower output at North Sea oilfields and upbeat U.S. data.

  • Indian FX/debt factors to watch - Oct 12 Thursday, 11 Oct 2012 | 11:04 PM ET

    *Oil prices rose on Thursday to their highest levels in weeks as tensions between Syria and Turkey escalated, while maintenance on North Sea oilfields pushed the premium for Europe's Brent crude to another one-year high.

  • TOKYO, Oct 12- The stand-off between Japan's government and opposition parties is a concern as it has stalled important legislation needed to fund government spending, credit rating agency Moody's Investors Service said on Friday.

  • WASHINGTON, Oct 11- The "Shamoon" virus that attacked Saudi Arabia's state oil company, ARAMCO, was probably the most destructive attack the business s e ctor has seen to date, U.S. Defense Secretary Leon Panetta said on Thursday.

  • WASHINGTON, Oct 11- The U.S. military could act pre-emptively if it detects an imminent threat of cyber attack, U.S. Defense Secretary Leon Panetta said on Thursday, urging stronger action to bolster America's defenses against such plots. He said a presidential executive order was being considered "while we wait for Congress to act."

  • By John Whitesides and Andy Sullivan. Vice President Joe Biden and rival Republican Paul Ryan battled fiercely over foreign policy and the economy in a lively debate on Thursday, with Biden aggressively defending the administration's policies and dismissing Ryan's criticism.

  • SALMON, Idaho, Oct 11- Conservationists on Thursday asked a state judge to end trapping of wolverines in Montana at a time when fewer than 300 of the elusive animals roam the Northern Rockies and Northern Cascades.

  • *Minnesota woman sues pharmacy in federal court. WASHINGTON/ BOSTON, Oct 11- The pharmacy at the center of a deadly U.S. meningitis outbreak possibly linked to tainted steroid injections faced mounting federal and state scrutiny on Thursday, including a potential criminal investigation, as the national death toll climbed to 14..

  • *Europe wants more focus on U.S. fiscal woes* Germany: Europe is not the source of all problems* Mixed reviews on IMF call for slower budget cuts. TOKYO, Oct 12- Greece, Spain and the euro zone's slow progress toward debt reform took centre stage at IMF meetings on Friday despite Europe's best effort to remove itself from the spotlight.

  • US Economy Looking Positive Despite Election Uncertainty: Pro

    Uwe Parpart, Managing Director and Head of Research at Reorient Financial Markets, says the U.S. economy is showing positive results despite uncertainty around the election and the fiscal cliff.

  • By John Whitesides and Andy Sullivan. DANVILLE, Ky., Oct 11- Vice President Joe Biden and rival Republican Paul Ryan clashed sharply over foreign policy in a high-stakes debate on Thursday, with Biden aggressively defending the Obama administration's policies and dismissing Ryan's criticism as "malarkey."

  • MINNEAPOLIS, Oct 11- A Minnesota woman who says she received injections of the steroid at the center of a deadly outbreak of fungal meningitis in the United States on Thursday sued the company that made the suspect medication.