MARKETS / FINANCE

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IMF backs ECB move, Greek aid tied to country

The IMF said on Thursday it backs the European Central Bank's interest rate cut and its aid to Greece is tied to the country, rather than a specific government, and would continue as long as its terms were met.

CVS Caremark's higher profit tops expectations

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CVS Caremark Corp posted a bigger-than-expected rise in quarterly profit on Thursday as its pharmacy benefits business improved, and it expects this year's profit to be at the higher end of its prior forecast.
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WebMD crashes on weak outlook

Shares of WebMD Health Corp crashed to their lowest in more than two years on Thursday, a day after the healthcare information provider lowered its revenue outlook.
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Service sector growth slows, factory orders up

U.S. service sector activity growth eased in October to its slowest level in three months, but new orders for good from factories unexpectedly rose, suggesting economic growth remains patchy.
Historic Toburn Mill, Kirkland Lake, Ontario

Historic Canadian Gold Mining Town Reviving

With a gleam in his eyes, Sidney Hamden recalls the glory days of Kirkland Lake, the little Canadian mining town in northern Ontario that was long ago dubbed The Mile of Gold.
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SEC conducting broad review of MF Global

The U.S. Securities and Exchange Commission is conducting a broad review into the collapse of the futures brokerage MF Global Holdings Ltd, SEC Chairman Mary Schapiro said on Thursday.
Alentejo, southern Portugal

Colt Resources to Invest $53M or More in Portgual

Canada's Colt Resources Inc will invest at least 53 million euros ($73 million) in two gold prospecting concessions in Portugal's southern Alentejo region, and the company said on Thursday it considers the country as strategic to its growth.
National Basketball Association commissioner David Stern (R) answers questions from members of the media outside the Louvell hotel in New York

NBA Lockout 2011: When Will the Season Start?

Some of the league's biggest stars might be financially stable with all of the millions they've accumulated over the years, but some of the lesser-known players might not be able to survive a year or two without bringing in a salary.
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ECB cuts rates to 1.25 percent in surprise move

The European Central Bank cut its main interest rate by 25 basis points to 1.25 percent on Thursday as the euro zone's worsening debt crisis outweighed the concern over persistently high inflation.
Vila Nova Project

Eldorado Gold's 3Q Jumps Nearly 50%

The third-quarter profit of Eldorado Gold Corp., which operates in Turkey, China and Brazil, jumped nearly 50 percent on higher prices and record high quarterly production.
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Futures rally on ECB rate cut, doubt on Greek vote

Stocks were set to rise sharply at the open on Thursday after the European Central Bank surprised markets by cutting interest rates and as a Greek referendum on its euro zone membership was put into question.
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Jobless claims fall 9,000 in latest week

New U.S. claims for unemployment benefits fell below 400,000 last week for the first time in five weeks and a trend reading also edged lower, suggesting a modest improvement in the still-moribund labor market.
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Futures gain on uncertainty over Greek vote

Stock index futures rose in choppy trade on Thursday on talk the Greek government might collapse, thus avoiding a referendum on its euro zone membership and easing concerns about an imminent default.
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Euro zone mulls Greek exit, Papandreou on brink

Greece's government was on the brink of collapse on Thursday, casting doubt on plans to hold a referendum on staying in the euro zone, as European leaders contemplated a Greek exit to preserve their single currency.
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CVS Caremark profit rises

CVS Caremark Corp posted a higher quarterly profit on Thursday as business improved at its pharmacy benefits management unit, and said this year's profit should come in toward the higher end of its prior forecast.
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Futures signal higher opening for stocks

Stock index futures pointed to a slightly higher opening for equities on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.1 to 0.2 percent.
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BNP cuts Italy exposure as Greece hits Q3

France's biggest listed bank BNP Paribas slashed its exposure to Greece, Italy and Spain by more than 12 billion euros ($16.6 billion) in a bid to protect its balance sheet as the euro zone debt crisis threatens to deepen.
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Chaos over Greek euro role roils markets

Chaos over Greece's role in the euro zone swept financial markets on Thursday with early losses in stocks and the euro turning to gains on hopes Athens might ditch its referendum plans.
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Working on Greek exit from euro zone: Juncker

The euro zone is working on a possible exit of Greece from the euro zone, Eurogroup head Jean-Claude Juncker said on Thursday, saying it was essential that other members of the currency union would not be damaged in such an event.
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NYSE Euronext profits up amid deal talks

NYSE Euronext , which wants regulatory support for its planned $9 billion merger with Deutsche Boerse , cited strong trading and technology sales for a 54 percent hike in quarterly profit to $186 million.
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NYSE Euronext posts profit hike amid deal talks

NYSE Euronext , which wants regulatory support for its planned $9 billion merger with Deutsche Boerse , cited strong trading and technology sales for a 54 percent hike in quarterly profit to $186 million.

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