MARKETS / FINANCE

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EBay profit matches Street forecast

EBay Inc, operator of the largest online marketplace, reported quarterly revenue that rose 32 percent and profit that matched analysts' expectations on Wednesday.

EU unveils 50 billion euro infrastructure growth plan

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The European Union's executive set out plans on Wednesday to invest 50 billion euros ($68 billion) by 2020 in new cross-border transport, energy and broadband projects which it said would boost growth and employment in the 27-nation bloc.
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Yahoo meets low earnings expectations

Yahoo Inc lived up to lackluster third-quarter expectations, but the struggling Internet portal was tight-lipped about efforts to find a new Chief Executive or explore a sale.
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Taseko Mines' Plan for Gold Mine in BC Draws Fire

If Taseko Mines presses ahead with a plan to build a mine on aboriginal lands in British Columbia it could harm the Canadian province's plans to expand the mining sector, a native leader said on Wednesday.
Apple logo in dedication to Steve Jobs

Apple's Radical Roller Coaster Ride

For Apple, the month of October will be one to remember, and one to forget. It's been a radical roller coaster ride for the Cupertino, California-based company to say the least, with the highest of highs and lowest of lows in the span of less than three weeks.
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China quizzes audit giants on foreign regulator contact

China's financial regulators have asked the world's biggest audit firms to urgently review their work on U.S.-listed Chinese companies and give details on information they may have provided to overseas regulators, two sources told Reuters.
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UPS, FedEx poised to gain from Postal Service pain

United Parcel Service Inc and FedEx Corp , which have long been undercut by the U.S. Postal Service's low prices for package delivery, could have much to gain as the agency faces a painful restructuring.
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S&P flat, Nasdaq falls as Apple weighs

The Nasdaq fell on Wednesday, weighed down by technology heavyweight Apple's profit miss, but gains in chipmaker Intel and insurer Travelers kept the S&P near the unchanged mark.
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Regional Feds urged to avoid conflicts of interest

Regional Federal Reserve banks' heavy reliance on directors linked to the financial industry can suggest conflicts of interest and the process of excluding officials from certain decisions should be clearer, a congressional study released on Wednesday found.
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September housing starts up 15 percent

U.S. housing starts surged in September at their fastest annual pace in 17 months on a big increase in groundbreaking for multi-family units, while permits for future construction fell.
U.S. Stock Market

U.S. Stocks: 5 Reasons Why the Dow Will Surge to 13,000 by June

No need to repeat all of the bad news about the U.S. economy. Further, as the stock market's bulls point out, that's history. Looking forward, the picture brightens, and accordingly here's why the bulls think the Dow Jones Industrial Average (DJIA) is headed higher in the next six months.
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Citigroup wins in employees' stock drop appeal

A federal appeals court said Citigroup Inc was not liable to thousands of workers who said it should not have offered bank stock in its retirement plans because it knew the stock was a bad investment.
Gold pellets

Gold Eases Fractionally, Euro Sentiment Up

Gold eased on Wednesday as growing hopes of a resolution to the Eurozone debt crisis persuaded investors to shrug off a downgrade to Spain's credit rating and buy riskier assets such as equities.
Agnico suspends Quebec mine operations; stock down

Agnico Suspends Quebec Mine operations; Stock Down

Agnico-Eagle is indefinitely suspending operations at its Goldex mine in Val d'Or, Quebec, because of water inflow and ground instability, the company said on Wednesday, sending its shares sharply lower.
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Instant view: CPI rises; housing starts up 15 percent

Consumer prices outside food and energy rose less than expected in September to post their smallest gain in six months, a government report showed on Wednesday, suggesting inflation pressures remained contained.
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SEC conducting sweeping regulatory review of ETFs

The Securities and Exchange Commission has launched a broad, agency-wide review of exchange-traded funds to ensure they are adequately transparent and not fueling market volatility, a top agency official told lawmakers on Wednesday.
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Nasdaq lower after Apple profit miss

The Nasdaq fell on Wednesday after technology heavyweight Apple missed earnings expectations, while the other big indexes were little changed after a run-up in the last session on a report Europe would beef up its crisis fund.

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