×

Top News & Analysis United States

  • WASHINGTON, Oct 24- Biofuels made from algae, promoted by President Barack Obama as a possible way to help wean Americans off foreign oil, cannot be made now on a large scale without using unsustainable amounts of energy, water and fertilizer, the U.S. National Research Council reported on Wednesday.

  • DALLAS-- The CEO of American Airlines said the company expects to hire 2,500 pilots over the next five years as it ramps up international flights.

  • NEW YORK, Oct 24- The European Central Bank and the U.S. The two powerful central banks are ``all in'' as they act to give lawmakers more time to resolve problems in Europe and the United States, Mohamed El-Erian, who is also co-chief investment officer of Pacific Investment Management Co, said at a conference hosted by The Economist magazine.

  • NEW YORK, Oct 24- Money managers across the United States are avidly watching the Nov. 6 presidential election, gaming out investing strategies in the event of a second term for Barack Obama or a first one for Mitt Romney.

  • Oct 24- Producing more airplanes and cutting costs in its defense business helped Boeing Co post stronger-than-expected profit for the third quarter, and the company notched up its earnings forecast for the third time this year.

  • *Dow down 0.2 pct, S&P 500 off 0.3 pct, Nasdaq off 0.3 pct. *Boeing dips after results, but Dow Chemical jumps on job-cut plans. The S&P 500 has lost 3.6 percent over the past five sessions, hurt by weak earnings outlooks and top-line revenue misses from large multinational companies.

  • BEIRUT/ CAIRO- Syria said on Wednesday its military command was still studying a proposal for a holiday ceasefire with rebels- contradicting international mediator Lakhdar Brahimi's announcement that Damascus had agreed to a truce.

  • *CEO Steve Bennett takes control of sales force. BOSTON, Oct 24- Symantec Corp reported results ahead of Wall Street expectations as its new chief executive took direct control of the company's sales force as part of an effort to turn around the maker of security software. You have a new CEO who is off to a good start,'' said Daniel Ives, analyst with FBR Capital Markets.

  • WASHINGTON, Oct 24- South Korea's Samsung Electronics, the world's top maker of smartphones, infringed Apple patents to make its smartphones and tablets, a U.S. trade panel judge said in a preliminary decision issued on W edn esday. The full International Trade Commission will decide in February whether to uphold or reject the judge's decision.

  • LONDON, Oct 24- Incoming New York Times chief Mark Thompson told Reuters on Wednesday that his U.S. employer had given him full support since a sexual abuse scandal erupted at Britain's BBC where he had been in charge until last month.

  • *Net revenue down 6 pct to $409 mln vs Street's $411.9 mln. Oct 24- Nasdaq OMX Group Inc's profit fell nearly 20 percent in the third quarter due to a steep drop in trading volumes of U.S. and European equities, the exchange operator said on Wednesday.

  • Oct 24- Nobel Prize-winning economist Joseph Stiglitz chided U.S. President Barack Obama and Republican presidential candidate Mitt Romney for not seriously addressing the troubled U.S. housing market during the recent series of presidential debates.

  • SAN FRANCISCO, Oct 24- Zynga Inc raised the lower end of its 2012 earnings outlook after quarterly revenue beat Wall Street's rock-bottom expectations, driving its shares 12 percent higher. The news proved a rare bright spot for Zynga, which is trying to stave off user losses that prompted it to slash its 2012 outlook twice in recent months.

  • NEW YORK, Oct 24- Barnes& Noble Inc said on Wednesday that customers who shopped at 63 of its stores as recently as last month may have had their credit or debit card information stolen in what the U.S. bookstore chain called a ``sophisticated criminal effort.''.

  • SAN FRANCISCO, Oct 24- Billionaire hedge fund manager Tom Steyer says he will focus on pushing California toward an alternative energy future when he steps down from the company he founded, Farallon Capital.

  • UNITED NATIONS, Oct 24- Russia slammed leaks to the media from a closed-door Security Council briefing on Syria on Wednesday, saying diplomats and journalists involved should be stripped of U.N. accreditation fo r the release of confidential information.

  • Crude oil stocks in the United States jumped 5.9 million barrels last week, the U.S. Energy Information Administration said in a weekly report, well above the increase of 1.9 million barrels in a Reuters survey of analysts.

  • SAN FRANCISCO, Oct 24- Zynga Inc raised the lower end of its 2012 earnings outlook on Wednesday as the company reported a slight uptick in revenue that beat Wall Street's rock-bottom expectations. Shares of Zynga jumped 16 percent to $2.47 in after-hours trade. The news was a bright spot after Zynga slashed its 2012 outlook earlier this month.

  • The third round of quantitative easing in the United States enacted in September, combined with increased optimism about China's economic prospects, has translated into fresh enthusiasm for Hong Kong dollars in October, forcing the Hong Kong Monetary Authority to repeatedly intervene to keep the currency within its permitted trading band.

  • *Brazil, Argentina grab US market share. Major importers in Asia, including South Korea, Taiwan and top buyer Japan, have turned away from the United States as U.S. corn prices soared to record highs this summer, buying feed from South America and producers in the Black Sea region.