MARKETS / FINANCE

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Budget gap widens; above $1 trillion for third year

The budget gap widened slightly in fiscal 2011, staying above $1 trillion for a third straight year and providing fodder for a political battle over taxes and spending ahead of next year's presidential election.

Wall St posts first two-week surge since July

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Stocks scored their first back-to-back weekly gains since early July on Friday, on strong Google earnings and as investors kept riding waves of optimism for a solution to the euro-zone debt crisis.

Wall Street heads for 2nd week of gains on data

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U.S. stocks advanced on Friday, putting the S&P 500 on track for back-to-back weekly gains for the first time since early July after better-than-expected retail sales and results from Google .
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News Corp investors to vote against Murdochs

Rupert Murdoch's multi-million dollar campaign to win back the hearts and minds of News Corporation's independent investors suffered a new blow on Friday after another key shareholder group called for his eviction from its board.
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Moscow's VTB Capital Invests $100M in Russia's Polymetal

Russian gold and silver miner Polymetal has secured a $100 million investment from Moscow investment bank VTB Capital as part of its planned listing on the London Stock Exchange, the company's deal prospectus showed on Friday.
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The Occupation Heard ‘Round the World'

The Occupy Wall Street movement is spreading around the world. There are now protests in Spain, England, Hong Kong. Italy is next in line. Can the international movement be sustained?
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Wall Street rises on hopes for euro zone debt deal

Stocks rose on Friday, putting the S&P on track for back-to-back weekly gains for the first time since early July, led by optimism the euro zone will continue to make progress on a solution to its debt crisis.
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Three Killed at Freeport-McMoRan's Indonesia Mine

Three people were killed on Friday at a gold and copper mine run by PT Freeport Indonesia, a unit of U.S miner Freeport McMoRan , local police in Mimika in the Indonesian province of Papua said.
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Rating cut puts Spain back on crisis radar

Standard & Poor's cut Spain's credit rating Friday, sending the euro briefly lower and underlining the challenges facing Europe's major powers as they meet G20 counterparts over the euro-zone debt crisis.
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Investors to vote against Murdochs at News Corp meeting

Rupert Murdoch's multi-million dollar campaign to win back the hearts and minds of News Corporation's independent investors suffered a new blow on Friday after another key shareholder group called for his eviction from its board.
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Google, euro zone hopes lift futures

Stock index futures rose on Friday, shrugging off a credit rating downgrade of Spain, propelled by strong earnings from Google Inc and hopes the euro zone will continue progress toward a solution to its debt crisis.
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SAP Q3 sales, profits jump; shares rise

Oct 14 - Germany's SAP , the world's biggest maker of business software, reported a jump in its third quarter sales and profits, sending its shares more than 3 percent higher on Friday.
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China inflation dips, yet policy on pause

China's consumer inflation dipped to 6.1 percent in September, retreating further from three-year highs, although stubborn food price pressures will deter the central bank from loosening its policy reins anytime soon.
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S&P cuts Spain rating by one notch on weak growth

Standard & Poor's cut Spain's credit rating on Friday, sending the euro lower and underlining the challenges facing Europe's big powers as they prepare to meet G20 counterparts over the euro-zone debt crisis.
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Futures higher on Google, euro zone hopes

Stock index futures rose on Friday, shrugging off a credit rating downgrade of Spain, propelled by strong earnings from Google Inc and hopes the euro zone will continue progress toward a solution to its debt crisis.
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Euro zone crisis dominates G20 Paris meeting

The euro zone debt crisis will dominate a summit of G20 finance chiefs and central bank heads in Paris, with a downgrade of Spain's credit rating highlighting the risk of a much larger economy than Greece coming under threat.

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