BUSINESS

A meeting between Kingfisher Airlines and the employees union failed to reach an agreement to resolve ongoing labor problems in the beleaguered airlines Wednesday, as the management declared that it could not assure salaries in the future.

Best Buy Co, National Bank of Greece, Nokia Corp, Sprint Nextel Corp, ArcelorMittal, Rigel Pharmaceuticals, Apollo Commercial Real Estate Finance Inc and Anheuser-Busch InBev NV are among the companies whose shares are moving in pre-market trading Wednesday.

A World Bank report estimates 600 million jobs will need to be created globally before 2020 to absorb people entering the workforce.

Recent spate of cyberattacks on the U.S. bank websites is an ample proof that the hackers employed sophisticated and diverse tools, including botnet that created a coordinated campaign against the financial services institutions.

The Asian Development Bank cut its 2012 and 2013 growth estimates for several developing countries in Asia Wednesday, citing weakness in global demand.

Asian stock markets were mixed Wednesday after data showed that Chinese services sector grew at a slower pace in September than expected.

The U.S. stock index futures point to a lower open Wednesday as market sentiment continue to be weighed down by fears of the mounting debt pressure faced by the euro zone as Spain has not yet sought help to reduce its borrowing costs.

European markets fell Wednesday as investor sentiment turned negative with concerns over the mounting debt pressure faced by the euro zone as Spain has not yet sought help to reduce its borrowing costs.

Crude oil prices declined Wednesday as sentiment was dampened after official data showed a slowdown in China's nonmanufacturing activity.

The top after-market Nasdaq gainers Tuesday were InterMune Inc, Aruba Networks Inc, Transcept Pharmaceuticals Inc, Resources Connection Inc and Education Management. The top after-market Nasdaq losers were Xyratex Ltd, Synaptics Inc, Rigel Pharmaceuticals Inc Sarepta Therapeutics Inc and Acme Packet Inc.

China's non-manufacturing activity declined in September compared to that in the previous month, increasing the concerns over the slowdown in the economic growth of the country.

The top after-market NYSE gainers Tuesday were Natural Grocers by Vitamin Cottage, SuperValu Inc, PennyMac Mortgage Investment Trust, MSCI Inc and Proto Labs Inc. The top after-market NYSE losers were Apollo Commercial Real Estate Finance, Carnival Corp, Overseas Shipholding Group, Barnes & Noble, Inc. and Team Inc.

Asian markets rose Wednesday as investors remained hopeful that policymakers in China would soon announce stimulus measures to bolster the world’s second largest economy.

The dollar firmed and most riskier assets edged lower Wednesday as uncertainty over the timing of Spain's request for an international bailout added to worries about slowing global growth.

The Reserve Bank of Australia, the country's central bank, lowered its benchmark interest rate on a sudden -- and unexpected -- gloomy labor market view.

Google withdrew a complaint against Apple little more than a month after originally charging them with copyright infringement.

A branch of John Deere advertised 150 jobs available, with an application deadline of Monday. 15,000 people applied.

Denmark's Carlsberg A/S beer company is partnering with Singha Corp. in Thailand as it follows Heineken NV by expanding in South Asia to counter flat sales in Europe.

Could a jump in consumer confidence and holiday hiring indicate a promising holiday sales season?

TripAdvisor, the world’s largest travel website, acquired Wanderfly to expand its social networking features beyond those offered by its current presence on Facebook.

Chrysler led U.S. rivals Ford and General Motors in Sept. sales, but Toyota and Honda were overall leaders.

Joyce Banda, the president of Malawi, has agreed to cut her salary by 30%.

The iPhone 5 is already supported by several US carriers including major LTE providers like AT&T and Verizon as well as regional carriers like Cricket and C Spire. However, a new report released by MacRumors on Monday says Apple’s latest smartphone may be coming to Virgin Mobile USA, Sprint’s prepaid mobile unit.

The number of Syrian refugees fleeing Syria has tripled to 300,000 since June, the U.N. announced, as Assad visited Aleppo and ordered more troops into battle.

New York State is suing JPMorgan (NYSE: JPM) for alleged misdeeds by Bear Stearns, which JPMorgan bought at a big discount.

Nissan plans to roll out a new line of compact cars beginning at around $3,000.

Ford Motor Company (NYSE:F) reported flat sales in September despite robust gain in compacts.

WWE Monday Night "RAW" saw CM Punk lose to the rising Tag Team Champions Kane and Daniel Bryan.

Home prices in the United States gained 4.6 percent in August compared to the prior year, CoreLogic says.