Top News & Analysis United States


  • *EIA sees 2012 gas output at record-high 68.85 bcfd* 2012 gas demand seen up 4.7 pct from 2011. NEW YORK, Oct 10- The U.S. Energy Information Administration said it expects domestic natural gas production in 2012 to be up nearly 4 percent from 2011' s record levels.

  • Mining companies shares mixed on price outlook Wednesday, 10 Oct 2012 | 12:42 AM ET

    Gold hit a 2012 closing high of $1,796.50 per ounce on Oct. 4. Although prices have fallen since, several analysts expect gold to hit or top $1,800 an ounce in 2013..

  • Oct 10- Former General Motors Co Vice Chairman Robert Lutz has joined the board of a steel materials design company in which the U.S. automaker has invested, NanoSteel Co Inc said on Wednesday. Prior to GM, Lutz was president of Chrysler Corp, which is now controlled by Fiat, and he held executive positions with Ford Motor Co and BMW.

  • U.S. 30-year Treasury prices trim losses, turn flat Wednesday, 10 Oct 2012 | 12:41 AM ET

    NEW YORK, Oct 10- Prices for U.S. 30- year Treasury bonds trimmed losses to turn briefly flat on Wednesday, shortly before an auction of 10- year debt. Bond prices had fallen earlier in the day as traders reduced holdings to make room for $21 billon in 10- year note supply.

  • *Value of shipments lowest since December 2011. MANILA, Oct 10- The Philippine's annual exports fell by the most in eight months in August, casting doubt on the government's 2012 export growth goal and increasing the pressure on the central bank to ease policy further to support the trade-reliant economy.

  • Oct 10- San Antonio Electric and Gas Systems, Texas:.

  • TEXT-S&P cuts Pharmaceutical Product Development to 'B' Wednesday, 10 Oct 2012 | 12:37 AM ET

    --Wilmington, N.C.- based contract research organization Pharmaceutical Product Development LLC is issuing $500 million in notes that, together with $115 million in cash, the company will use to fund a sponsor dividend. --At the same time, we are assigning PPD's proposed $500 million PIK option notes a' CCC+' rating with a recovery rating of' 6'.

  • Oct 10- H&R Block Inc, the biggest U.S. tax preparer, said it is exploring strategic alternatives for its small banking operation to avoid a looming sharp rise in costs associated with the introduction of stricter supervision under the Dodd-Frank Act.

  • TEXT-Fitch: Thailand Still Resilient But Growing Caution Wednesday, 10 Oct 2012 | 12:32 AM ET

    BANGKOK/ SINGAPORE, October 10 Fitch Ratings Limited says Thailand's economic performance has continued to show resilience to global shocks but slower regional growth and increasing leverage in the corporate and bank sectors will constrain ratings.

  • Zynga down on Piper Jaffray downgrade Wednesday, 10 Oct 2012 | 12:31 AM ET

    NEW YORK-- Shares of Zynga tumbled nearly 5 percent Wednesday after Piper Jaffray predicted that a decline in revenue for social gaming companies would accelerate next year, with fewer teens showing interest. On Friday, the shares hit an all-time low of $2.21, after Zynga forecast a third-quarter loss.

  • Fact sheet: 2013 Ford C-Max Hybrid Wednesday, 10 Oct 2012 | 12:29 AM ET

    2013 Ford C-Max Hybrid SEL. BASE PRICE: $25,200 for SE; $28,200 for SEL. OPTIONS: Equipment group 302 A $1,695.

  • C-Max Hybrid: A Ford challenges Prius Wednesday, 10 Oct 2012 | 12:29 AM ET

    Ford's newest gasoline-electric vehicle, the C-Max Hybrid, is so roomy, stylish and smart, it's likely to attract buyers before they see the noteworthy 47 miles-per-gallon fuel rating on the window sticker.

  • RPT-EADS, BAE fight lengthening odds to save merger Wednesday, 10 Oct 2012 | 12:25 AM ET

    By Sophie Sassard and Jason Neely LONDON, Oct 10- EADS and BAE Systems. The European companies have until 1600 GMT on Wednesday to declare their intentions and either scrap their merger or ask UK regulators for more time to finalise their plans to create the world's largest aerospace and arms group.

  • Kinross Gold Corp.'s finance chief resigns Wednesday, 10 Oct 2012 | 12:23 AM ET

    NEW YORK-- The finance chief of Kinross Gold Corp. is resigning to pursue other interests. The Toronto gold mining company said Tuesday that it has begun a search for Paul H. Barry's replacement. Shares of Kinross Gold rose 3 cents, to $10.45 in afternoon trading.

  • Ferro shares fall on lower guidance, sale news Wednesday, 10 Oct 2012 | 12:21 AM ET

    CLEVELAND-- Ferro Corp.' s shares plunged 23 percent Wednesday after the specialty chemical company lowered its guidance and said it is exploring the strategic options for its solar paste business. That is down from its prior forecast of 14 to 17 cents per share.

  • *Turkey warns Syria about cross-border shelling. Shelling along the Turkey- Syria border, hostility between Iran and the West and an impending Israeli election have reinforced fears about potential threats to oil supplies from the Middle East Gulf.

  • Oil prices rise on encouraging economic data Wednesday, 10 Oct 2012 | 12:20 AM ET

    NEW YORK-- The price of oil rose slightly Wednesday on another encouraging sign for the U.S. economy. Benchmark crude gained 42 cents to $92.81 per barrel at midday in New York. The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea.

  • SINGAPORE, Oct 10- Singapore's economy probably contracted in the third quarter due to weak global demand for its manufacturing exports, reinforcing expectations of policy easing by the central bank on Friday.

  • Appeals court reinstates campaign finance limits Wednesday, 10 Oct 2012 | 12:13 AM ET

    HELENA, Mont.-- The 9th U.S. Circuit Court of Appeals reinstated Montana's campaign donation limits, telling the federal judge who overturned it to outline his full reasoning so the panel can review the case.

  • OCZ Technology shares drop on earnings delay Wednesday, 10 Oct 2012 | 12:12 AM ET

    SAN JOSE, Calif.-- Shares of OCZ Technology Group Inc. tumbled Wednesday after the flash memory maker delayed filing its earnings report for its second quarter and said its revenue had fallen short of its previous guidance.