UNITED STATES

Euro zone Oct private sector slump flags recession

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Private sector activity in the euro zone shrank at its fastest pace in 28 months in October as the debt crisis sapped new business and soured sentiment in an economy looking like it is heading into a slump, survey data showed on Friday.
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Job report hints at some improvement

U.S. employment rose less than expected in October, but a drop in the jobless rate to a six-month low of 9.0 percent and upward revisions to prior months' job gains pointed to underlying strength in the labor market.
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Traders work on the floor of the New York Stock Exchange

Futures Flat With Greece Vote Off, Payrolls Ahead

The uncertain outcome of Greece's sovereign debt crisis and its implications for Europe's economy kept U.S. stock futures mixed on Friday, with indexes little changed following two days of steep gains.
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Job growth could hint at some improvement

U.S. employment growth was likely too weak in October to pull down the nation's lofty jobless rate, though it may have been strong enough to suggest some economic momentum is building.
Galaxy Nexus

iPhone 4S vs. Galaxy Nexus: How Do They Stack Up?

Apple, which unveiled iPhone 4S on Oct. 4, is getting flying off the shelves despite its battery draining problem for which the Cupertino, California-based company would be issuing a fix in the next few days.
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Stock index futures point to mixed start

Stock index futures pointed to a mixed open on Wall Street, with futures for the S&P 500 flat, Dow Jones futures up 0.1 percent and Nasdaq 100 futures down 0.2 percent at 1008 GMT (6:08 a.m. EDT).
A foreign currency dealer of the Korea Exchange Bank looks at computer monitors at the bank's dealing room in Seoul

World Stocks, Euro Rise on Hopes Greece Drops Referendum

World stocks and the euro rose on Friday, boosted by expectations that Greece will avoid a referendum on a new bailout package, easing imminent concerns of a Greek default and its potential shockwaves through the euro zone.
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Alcatel-Lucent cuts profit goal as telcos spend less

Telecom equipment gear maker Alcatel-Lucent scaled back its profitability goal for the year, saying operators were cutting spending on their networks in reaction to macroeconomic uncertainty, especially in Europe.
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Daylight Saving Time 2011: Airline Schedules Will Change

Daylight Savings Time, for most people in the U.S. and Canada, ends on Sunday at 2 a.m. Remember, at that time, to turn all clocks back to 1 a.m. local time. Airline schedulers see Daylight Saving Time as yet another headache.
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World stocks gain on hopes Greek referendum is off

World stocks rose on Friday, boosted by expectations that Greece will avoid a referendum on a new bailout package, easing imminent concerns of a Greek default and the possible shockwaves through the euro zone.
A man looks at Olympus digital cameras at an electronics store in Tokyo

Olympus Delays Q3 Earnings Report; Shares Sink

Japan's Olympus Corp said it will not announce its quarterly earnings on Nov. 8 as expected because it needs more time after appointing an external panel to look into past acquisitions, sparking a fresh plunge in the firm's shares.
Italy's Prime Minister Silvio Berlusconi

Italy Agrees to Let EU, IMF Monitor Reforms

Italy, under fierce pressure from financial markets and European peers, has agreed to have the IMF and the EU monitor its progress with long- delayed reforms of pensions, labor markets and privatization, senior EU sources said Friday.
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Exclusive: MF Global Asia operations get 30-40 bids: HK

MF Global 's operations in Asia and Australia have received nearly 40 credible offers and a sale is expected to be agreed by the end of the weekend, the provisional liquidator for the brokerage's Hong Kong unit told Reuters on Friday.

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