U.S. net overall capital inflows surge in September
Foreign demand for U.S. securities soared in September, the Treasury Department said on Tuesday, as investors grew more confident about a recovery in the world's largest economy.
YouTube launches channel for citizen journalists
LOS ANGELES - Celebrities beware: YouTube is making it even easier for anyone with a camera phone to turn your behavior -- be it mundane or sensational -- into news.
EU regulators may take speedy action on dark pools
European Union securities regulators will complete their review of dark pool share trading venues by year end and may ask the bloc's executive to take speedy action, a top supervisor said on Tuesday.
U.S. offshore tax amnesty yields big response: IRS
Some 14,700 rich Americans worried about a U.S. government crackdown on offshore tax cheats came forward to participate in a tax amnesty program, the top U.S. tax official said on Tuesday.
Chevron CFO says has no interest in small M&A
Chevron Corp, the second-largest U.S. oil company, would only seek mergers and acquisitions that add scale and fit strategically with the rest of the company, its chief financial officer said on Tuesday.
France's AXA, AMP poised to sweeten bid for AXA Asia
French insurer AXA SA and Australia's AMP Ltd need to sweeten their bid for AXA Asia Pacific Holdings by about 10 percent to seal the proposed $11 billion deal, analysts and fund managers say.
Ferrero link seen viable defense for Cadbury v Kraft
Britain's Cadbury may team up with Italian chocolatier Ferrero to see off a hostile bid from U.S. group Kraft, an Italian newspaper reported on Tuesday, a combination that one analyst said made sense.
Retailers lead Wall Street decline
Retail stocks dragged Wall Street lower on Tuesday, a day after it reached a 13-month high, while gains in the U.S. dollar weakened commodity prices and stocks in the materials sector.
China studying plan to delay final climate deal
China on Monday distanced itself from proposals to delay a binding climate pact to 2010, but might be willing to sign up to a political deal at climate talks next month if it includes strong commitments from rich nations.
Amazon to launch Kindle in Canada
U.S. Internet retailer Amazon.com Inc said on Tuesday that it was introducing Kindle, its wireless electronic reader, in Canada.
EU regulators urge U.S. to implement G20 measures
European regulators on Tuesday urged the United States and Europe to push through measures agreed by the G20 nations aimed at avoiding future financial crises, saying transatlantic relations were at risk if the effort flagged.
Target holiday results may disappoint, shares fall
Discount retailer Target Corp reported third-quarter results that beat Wall Street expectations but forecast a holiday quarter profit that could fall short of estimates, and its shares fell over 5 percent.
NATO chief confident of big Afghan troop increase
NATO Secretary-General Anders Fogh Rasmussen said Tuesday he was confident the alliance would agree to increase substantially the number of troops battling Taliban insurgents in Afghanistan
Climate deal must have immediate effect, Obama says
U.S. President Barack Obama said on Tuesday next month's climate talks in Copenhagen should cut a deal with immediate operational effect, even if its original aim of a legally binding pact is not achievable.
Obama orders task force to fight financial crime
President Barack Obama will issue an executive order on Tuesday creating an administration-wide task force to crack down on financial fraud following a rise in mortgage scams and high-profile Wall Street trading scandals, an administration official said.
Five Free Things to See in the United States
It has been said the best things in life are free-and there is nothing like a free admittance sign to bring out the miser in even the most discerning traveler. Yes, vacations cost money. Everyone from
Daily Outlook - Nov 17
Target Sees Price War; Obama's Economic Campaign; Tame Inflation Ahead
EU Commission says still probing Oracle, Sun deal
EU antitrust authorities continue to examine Oracle's plan to buy Sun Microsystems over which there are competition concerns, a senior European Commission official said on Tuesday.
Conoco may sell Rockies Express pipeline stake
ConocoPhillips could sell its 25 percent stake in the Rockies Express Pipeline as part of the oil giant's plan to divest $10 billion in assets, a senior executive said on Tuesday.
NYSE member firms earnings hit record in first half
New York Stock Exchange member firms earned a record $35.7 billion for their broker-dealer operations in the first six months of this year, which is 1-1/2 times above the previous high-water mark set in 2000, the state comptroller said in a report on Tuesday.
China, U.S. eye pact to help troubled banks: sources
Chinese and U.S. regulators are negotiating a pact aimed at encouraging Chinese financial institutions to buy into small and medium-sized banks in the United States, bankers briefed on the plan said on Tuesday.
France may inject up to $6 bln in high-tech, fibre
France might plough up to 4 billion euros ($6 billion) into high-technology projects through its national loan programme, with the largest chunk going to subsidise construction of high-speed broadband telecoms networks in smaller cities and rural areas, according to government sources.
PPR to raise up to 1 bln euros in CFAO unit IPO
French retail and luxury group PPR is raising upto 1 billion euros ($1.5 billion) to cut group debt by listing its Africa-focused CFAO distribution business in Paris next month.
Dillard's swings to profit in Q3
Dillard's Inc reported on Tuesday a quarterly profit from a year-ago loss, helped by a tax benefit and a move to slash inventory to counter weak consumer spending.
Saks profit beats Street view for loss, shares up
Upscale department store operator Saks Inc reported a quarterly profit on Tuesday, beating Wall Street expectations for a loss, and its shares rose nearly 8 percent.
Wall Street profits revive, bank bonuses may jump
New York Stock Exchange member firms earned a record $35.7 billion for their broker-dealer operations in the first six months of this year, which is 1-1/2 times above the previous high-water mark set in 2000, the state comptroller said in a report on Tuesday.
Banks, policymakers spar over new rules
Big banks stepped up warnings on Tuesday that tightening capital rules too soon could stall economic recovery, but policymakers said the bailed out sector cannot rely on taxpayers again in future.
Target profit up, cautious on holiday
Target Corp reported a higher-than-expected quarterly profit on Tuesday, but remained cautious about the fourth quarter given a budding holiday season price war.
Stocks fall as dollar firm, industrial data weighs
Wall Street fell on Tuesday, slipping from a 13-month high, as a bounce in the dollar weighed on commodity-linked stocks and a report showed U.S. industrial production rose less than expected.
Swiss to hand over U.S. names of wealthy UBS clients
Switzerland will hand over the names of wealthy U.S. clients of UBS suspected of tax evasion or fraud, to settle a bitter row that cut through bank secrecy and threatened to bring the bank to its knees.