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Top News & Analysis United States


  • KABUL, Oct 1- Afghan journalists are claiming a small victory in their battle for press freedom after the government agreed to some softening of media restrictions, industry representatives said on Monday. The Ministry of Information and Culture agreed to five of 19 changes proposed by journalists.

  • "Switzerland can't stay unscathed by the global economic slowdown," said Sarasin currency strategist Ursina Kubli. " We think Switzerland will be spared a recession but the risks remain. " "A technical recession in Switzerland is being confirmed, I'd say we're shaping up for three negative quarters rather than two," said Julius Baer chief economist Janwillem Acket.

  • Europe stocks rise, Japan down on dour survey Monday, 1 Oct 2012 | 5:21 AM ET

    Athens needs the lenders to approve a proposed package of spending cuts and tax hikes to receive the next installment of emergency loans intended to keep Greece from defaulting on its massive debts. Britain's FTSE 100 rose 1 percent to 5,801.13. In Asia, markets in China, Hong Kong and South Korea were closed for public holidays.

  • *FTSEurofirst 300 index rises 0.9 percent. LONDON, Oct 1- European shares rose on Monday, bouncing off three-week lows and a major technical support at the start of the new quarter as investors took advantage of price dips to increase their exposure to sectors such as banks and chemicals. At 0848 GMT, the FTSEurofirst 300 index.

  • Oct 1- General Motors Co is recalling about 41,000 Chevrolet, Pontiac and Saturn cars in the United States because of concerns that a defective plastic part might cause a fuel leak, according to the National Highway Traffic Safety Administration.

  • ZURICH, Oct 1- The outlook for Swiss industry darkened further in September, highlighting the risk of a recession due to sluggish growth in the euro zone and the United States and reinforcing the need for the central bank's cap on the strong franc. "Switzerland can't stay unscathed by the global economic slowdown," said Sarasin currency strategist Ursina Kubli. "

  • U.S. small-business borrowing rises in August Monday, 1 Oct 2012 | 5:00 AM ET

    CHICAGO, Oct 1- Lending to small U.S. businesses rose in August for a second straight month, a report showed on Monday, a sign the economy may have been regaining its footing even before the U.S. central bank's latest round of stimulus.

  • BAE, EADS blast merger 'myths and misconceptions' Monday, 1 Oct 2012 | 4:59 AM ET

    BERLIN-- The chief executives of BAE Systems PLC and EADS NV sought to drum up support Monday for the merger of their two aeronautics and defense companies in the face of growing criticism to the deal, saying in a joint newspaper article an agreement would help both organizations grow.

  • LONDON, Oct 1- Private equity group KKR has bought oil and gas services group Acteon from rival First Reserve as it beefs up its investment in energy and infrastructure businesses. Texas- based private equity firm White Deer Energy will take a minority stake alongside KKR, with the remainder of the company owned by management, the groups said on Monday.

  • Bacon shortage 'baloney,' but prices to rise Monday, 1 Oct 2012 | 4:43 AM ET

    ST. LOUIS-- Bacon lovers can relax. "Use of the word `shortage' caused visions of gasoline lines in a lot of people's heads, and that's not the case," said Steve Meyer, president of Iowa- based Paragon Economics and a consultant to the National Pork Producers Council and National Pork Board.

  • Medicare fines over hospitals' readmitted patients Monday, 1 Oct 2012 | 4:27 AM ET

    As of Monday, Medicare will start fining hospitals that have too many patients readmitted within 30 days of discharge due to complications. About two-thirds of the hospitals serving Medicare patients, or some 2,200 facilities, will be hit with penalties averaging around $125,000 per facility this coming year, according to government estimates.

  • UPDATE 1-ASOS names former Amazon man as chairman Monday, 1 Oct 2012 | 4:23 AM ET

    LONDON, Oct 1- British online fashion retailer ASOS said a former managing director of Amazon in the UK will be its new chairman as its seeks more growth overseas. ASOS said in May that Alli would step down after 12 years with the firm.

  • Xstrata lifts UK FTSE as it backs Glencore bid Monday, 1 Oct 2012 | 4:15 AM ET

    LONDON, Oct 1- British blue chip shares rebounded early on Monday, with miner Xstrata. Shares in Xstrata gained 1.5 percent, having traded 22 percent of their full-day volume average by 0748 GMT, as the company's board backed Glencore's bid after wrestling for three weeks to reconcile opposing demands from shareholders over the deal terms.

  • Oct 1- Triangle Petroleum Corp:. *Triangle Petroleum and First Reserve Corporation announce midstream and. *Says Caliber is a newly-formed, Denver- based limited partnership.

  • Chamber launches voter mobilization effort Monday, 1 Oct 2012 | 4:07 AM ET

    WASHINGTON-- The U.S. Chamber of Commerce, which has spent tens of millions of dollars on television ads to help boost Republican congressional candidates, launched an extensive effort on Monday to mobilize voters. It also will include information on House and Senate races and a comparison of the candidates on the issues.

  • JAKARTA, Oct 1- Indonesian exports and imports fell the most in three years in August, suggesting weakening third quarter growth for Southeast Asia's biggest economy that is likely to lead the central bank to keep benchmark interest rates at a record low all year.

  • Outlook for Swiss industry darkens in September Monday, 1 Oct 2012 | 3:54 AM ET

    ZURICH, Oct 1- The outlook for Swiss industry darkened further in September, dragged down by sluggish economies in the euro zone and the United States that central bank actions have so far failed to revive. The index is compiled by the Swiss SVME purchasing managers' association and Credit Suisse, and a reading below 50 signals a contraction.

  • DUBAI, Oct 1- Abu Dhabi Investment Authority, the cash-rich emirate's sovereign wealth fund, has hired Colm Lanigan to head principal investments at its private equities department, it said on Monday. Lanigan was most recently the managing partner of Tara Capital, a New York- based boutique private equity firm that he started in 2005..

  • By Kate Kelland LONDON, Oct 1- Extending treatment with Roche's. Analysts had said the Swiss firm, the world's biggest maker of cancer drugs, could lose up to $1.5 billion in revenue from the blockbuster medicine in the medium term if six months treatment had been shown to be just as effective.

  • *Nippon Yusen, Daido Steel cut earnings guidance. *China official PMI, Japanese manufacturing sentiment weak. TOKYO, Oct 1- The Nikkei share average fell to its lowest close in three weeks on Monday, hurt by downbeat economic data from Japan and China as well as a smattering of profit warnings from local companies like shipper Nippon Yusen KK.