Reuters - Auto sales are expected to have dipped
slightly in October, as stepped-up incentive spending by
automakers could not totally offset the drag from continued
turmoil in the housing market, analysts said.
Reuters - MetLife Inc , the largest U.S.
life insurer, said on Wednesday that net earnings per share
were barely changed for the third quarter, as it suffered
investment losses, but operating net beat analysts’ estimates.
Reuters - The Federal Reserve cut interest
rates by a quarter-percentage point on Wednesday to buffer the
economy from a housing downturn, but suggested further rate
reductions were far from a sure bet.
Reuters - U.S. oil hit a record over $95 a
barrel on Wednesday, posting the biggest gain in 10 months
after a steep drop in U.S. inventories fueled winter supply
concerns and the U.S. Federal Reserve cut interest rates.
AFP - The US economy grew by a robust 3.9 percent in the third quarter despite tight credit that is deepening a housing slump, as consumers regained their appetite for spending, the government said Wednesday.
Reuters - Stocks rose on Wednesday, buoyed by
both the Federal Reserve’s interest-rate cut and its view that
credit market strains have eased somewhat and by reports
showing surprising strength in economic growth and employment.
Reuters - Sprint Nextel Corp , the No. 3
U.S. mobile service, is in talks to put applications from Web
search leader Google Inc on its cell phones, a person
familiar with the matter said on Wednesday.
AP - A lesson about investing might seem as appealing to young people as eating a bowlful of spinach. Mutual funds that cater to children aim to make the whole process sweeter.
AFP - Fourteen children working in a textiles factory have been rescued after media reports said an Indian clothing supplier to US retailer Gap was employing underage workers, an activist said Tuesday.
AP - The economy picked up speed in the summer, growing at a brisk 3.9 percent pace, the fastest in 1 1/2 years and an impressive performance even as a credit crunch plunged the housing market deeper into turmoil.
Reuters - Prudential Financial Inc , one
of the largest U.S. life insurers, said on Wednesday that
third-quarter net income fell, hurt by investment losses.
Reuters - Stocks shot higher on Wednesday,
buoyed by the Federal Reserve’s interest-rate cut and reports
showing surprising resilience in economic growth and
employment.
Reuters - Oil surged more than 4 percent to a
record over $94 a barrel on Wednesday after a steep drop in
U.S. inventories fueled winter supply concerns and the U.S.
Federal Reserve cut interest rates.
Reuters - The Federal Reserve cut interest
rates on Wednesday, but said the risk of inflation was roughly
equal to downside risks to growth, suggesting further rate
reductions are far from a sure bet.
Reuters - Sprint Nextel Corp , the No. 3
U.S. mobile service, is in talks to put applications from Web
search leader Google Inc on its cell phones, a person
familiar with the matter said on Wednesday.