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Costco, Family Dollar beat Street

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Family Dollar Stores Inc and Costco Wholesale Corp both reported better-than-expected quarterly profits on Wednesday and said sales improved in September from preceding months, boosting investor confidence in the discount retail sector.

Tom DeLay bows out of TV's Dancing

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In a patriotic costume of red and white stripes, former Republican congressman turned TV celebrity Tom DeLay bowed out of hit U.S. television contest Dancing With the Stars Tuesday night, suffering from stress fractures in both feet.
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Ciena to buy Nortel's ethernet assets

Canada's Nortel Networks said on Wednesday it plans to sell its optical networking and carrier ethernet businesses to U.S.-based Ciena in a stalking horse agreement worth $521 million.
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U.S. stumbling block in U.N. climate talks: Mexico

The United States came under pressure to show leadership in U.N. climate talks on Wednesday with Mexico saying its neighbor is a stumbling block in efforts to try to craft a tough global climate agreement by December.
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US office market vacancy rate at five-year high-report

The U.S. office vacancy rate reached a five-year high in the third quarter, pushed up by extra unused space that just about wiped out all the gains made during the commercial real estate boom, according to real estate research firm Reis Inc.
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CORRECTED: Costco profit beats Street

(Corrects paragraph 3 to clarify membership fees rose 3 percent to $490 million, not fell 3 percent to $474 million. Also, corrects source in paragraph 7 to Thomson Reuters data, from Thomson Reuters I/B/E/S)
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U.S. mortgage applications at 4-month high

U.S. mortgage applications surged last week to their highest since mid-May as consumers sought to take advantage of the lowest interest rates in months, data from an industry group showed on Wednesday.
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FTSE down 0.4 pct; oils, food retailers weaken

Britain's top share index eased in mid-session trade on Wednesday, with weakness in energy and food retailers offsetting some strength in miners and banks, as investors await the start of the third-quarter corporate results season in the United States.
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Stock futures flat

Stock index futures were little changed on Wednesday, but could build on the previous session's gains on the strength in commodities.
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Stock futures signal firmer start for Wall Street

Stock futures pointed to a higher open for Wall Street on Wednesday, extending the previous session's sharp gains and ahead of the start of third-quarter earnings season, with aluminum group Alcoa the first in line.
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Oil above $71 as demand seen recovering

Oil prices rose for the third straight day on Wednesday, edging above $71 a barrel after an industry report showed a drawdown in U.S. crude inventories, boosting the view demand was recovering.
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Geithner says Americans will have to save more

Americans will have to save more in the future, transforming the global economy, and Europeans and Japanese must work to boost domestic demand, U.S. Treasury Secretary Timothy Geithner was quoted as saying on Wednesday.
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Vivendi board meets Oct.14, may discuss NBCU-source

Vivendi (VIV.PA) is likely to sell its 20 percent stake in media company NBC Universal (NBCU) and may discuss the matter at a board meeting on Oct. 14, a source close to the situation told Reuters on Wednesday.
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FTSE flat; strong miners offset weak oils

Britain's top share index was flat early on Wednesday as investors paused for breath after the previous session's sharp rise, with gains in miners offsetting weak energy stocks and ahead of the U.S. third-quarter earnings season.
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Costco profit beats market view

Costco Wholesale Corp beat analyst expectations after posting a lower fourth-quarter profit on Wednesday, suggesting an improvement in the weak U.S. retail environment.
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U.S. stock futures signal firmer start for Wall St

U.S. stock index futures pointed to a higher open for Wall Street on Wednesday, extending the previous session's sharp gains and ahead of the start of third-quarter earnings season, with aluminium group Alcoa (AA.N) the first in line.
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Stock futures signal firmer start for Wall St

U.S. stock index futures pointed to a higher open for Wall Street on Wednesday, extending the previous session's sharp gains and ahead of the start of third-quarter earnings season, with aluminum group Alcoa the first in line.
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Julius Baer to buy ING Swiss private bank

Julius Baer will buy ING's Swiss private banking assets for 520 million Swiss francs ($507 million), the European wealth management industry's biggest deal since the crisis began.

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