Top News & Analysis United States


  • NEW YORK, Oct 10- Investors in U.S.-based mutual funds pumped the most new money into bond funds in nearly three years as the exodus from stock funds continued amid renewed global economic jitters, data from the Investment Company Institute showed on Wednesday.

  • In one of the largest trade cases the U.S. has pursued against the Asian superpower, the Commerce Department said China's government is subsidizing companies that are flooding the U.S. market with low-cost products _ a tactic known as "dumping."

  • NEW YORK, Oct 10- Standard& Poor's on Wednesday cut Spain's sovereign credit rating by two notches to BBB-minus, citing a deepening economic recession that is limiting the government's policy options to arrest the slide. S&P's move brings it in line with Moody's Investors Services, which also has Spain on watch for a downgrade from its Baa3 rating.

  • Oct 10- After a nationwide meningitis outbreak was tied to drugs shipped from a plant in Massachusetts, the state is requiring all pharmacy compounders to sign a statement saying they are complying with regulations on their work, officials said on Wednesday.

  • MIAMI-- The company overseeing construction of a community college parking garage in Florida says it's working to find out why it collapsed. Ajax Building Corporation released a statement Wednesday, extending its sympathies to the family of the worker killed in the collapse and those who were injured.

  • NEW YORK-- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:. Yum Brands Inc., up $5.28 at $70.99. FedEx Corp., up $4.41 at $89.99.

  • Oct 10- Fitch Ratings has affirmed BancWest Corporation's Long-term Issuer Default Rating at' A'. Fitch has also affirmed the ratings of the subsidiary banks, Bank of the West and First Hawaiian Bank. Today's rating action on BWE was taken in conjunction with Fitch's Global Trading and Universal Bank review.

  • BANGKOK, Oct 11- Year-to-date stock index gains in Thailand and the Philippines that are double those on broad Asian and world indexes suggest the easy money may already have been made in Southeast Asia.

  • YANGON, Oct 11- Holy water is sprinkled over a new Honda sub-compact festooned with flowers and red ribbons. The Honda's owner, Nyein Chang Aung, hopes the blessing will protect him from accidents in a country with some of the world's most treacherous roads. As Myanmar opens up, its antiquated transportation system is undergoing dramatic change.

  • NEW YORK, Oct 10- U.S. crude futures fell on Wednesday, in volatile trading, on concerns about slowing economic growth that also hit Wall Street, after oil prices were lifted early by ongoing tensions in the Middle East. For a complete report on oil futures markets, double click on SETTLE NET PCT LOW HIGH CURRENT DAY AGO CHNG CHNG VOL VOL.

  • WASHINGTON, Oct 10- The United States has set final anti-dumping duties ranging from 18.32 percent to 249.96 percent on billions of dollars of solar panels and cells from China, an attorney involved in the case said on Wednesday.

  • Time to Zip Up Your 'Bear Suit'?

    According to Investors Intelligence survey, 29 percent of respondents see a market correction ahead, with David Tice of Tice Capital; and the Fast Money traders discuss the S&P's downgrade on Spain.

  • BATTLE CREEK, Mich.-- Kellogg Co. reaffirmed its full-year earnings guidance on Wednesday, saying that strong performance from its recently acquired Pringles brand offset costs for the anticipated costs a recent recall of Mini-Wheats cereal. Kellogg expects to earn between $3.18 and $3.30 per share for the year.

  • WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.

  • NEW YORK-- If you are trying to figure out if small businesses are hiring, it depends on where you look. Just last Friday when the government was raising suspicious eyebrows with its report of a sudden drop in the unemployment rate so close to a presidential election, Andy Asbury was hiring a full-time employee to work at his Minneapolis real estate brokerage.

  • "Recent reports and publicly available documents indicate that persistent technological problems contributed to Abound's inability to remain commercially viable and, ultimately, its bankruptcy," said Republican Congressmen Fred Upton, Energy and Commerce committee chairman, Cliff Stearns and Cory Gardner in a letter to Energy Secretary Steven Chu.

  • NEW YORK, Oct 10- U.S. crude futures held most losses and Brent seesawed after the American Petroleum Institute said crude and gasoline stocks rose last week, while distillate inventories fell. U.S. crude was down 95 cents at $91.44 a barrel in post-settlement trading at 4:43 p.m. EDT, after setting at $91.25.

  • The euro rose to $1.2897 in late trading Wednesday from $1.2880 late Tuesday. The British pound rose to $1.6008 from $1.6004. The dollar fell to 78.19 Japanese yen from 78.22 yen and to 0.9385 Swiss franc from 0.9404 Swiss franc.

  • NEW YORK-- This winter is expected to feel like more winter. But customers will have to use more energy to keep warm, according to the annual Winter Fuels Outlook from the Energy Department's Energy Information Administration. That will result in record heating bills, an average of $2,494.

  • NEW YORK, Oct 10- In an unusual breaking of ranks, Moody's ratings agency called out rival Standard& Poor's on Wednesday, saying its competitor had given an investment-grade rating to a deal that didn't warrant it. It was the first conduit deal that Moody's was not asked to rate since May, 2011, according to Credit Suisse.