Stock futures little changed ahead of opening

FILE – In this Nov. 4, 2010 file photo, traders work from the floor to the New York Stock Exchange, in New York. (AP Photo/Mary Altaffer, file) NEW YORK (AP) — Stock futures traded in a tight range Wednesday amid caution over ongoing debt worries in Europe and ahead of an upcoming meeting of world […]




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China hikes bank reserves in move to cool lending

BEIJING (AP) — Chinese banks were ordered to set aside more reserves Wednesday in a new move to curb lending as Beijing tries to cool rising inflation. The central bank’s order came on the eve of Thursday’s release of figures that are expected to show inflation surged past 4 percent in October, above the government’s […]




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Stocks waver amid caution over G20 summit

FILE – In this Nov. 4, 2010 file photo, traders work from the floor to the New York Stock Exchange, in New York. (AP Photo/Mary Altaffer, file) SymbolPriceChangeCSCO24.30-0.05DOW31.68-0.13GOOG619.39-5.43MON61.90-0.87MTLQQ.PK0.18-0.01{“s” : “csco,dow,goog,mon,mtlqq.pk,orcl”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) — Stocks are falling ahead of an upcoming meeting of world leaders and as Europe continues […]




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Asia shares mostly higher despite Wall Street fall

In this Nov. 3, 2010 photo, specialists Anthony Sherman, left, and Bernard Wheeler work on the floor of the New York Stock Exchange. (AP Photo/Richard Drew) BANGKOK (AP) — Asian markets were mostly higher Friday despite a negative cue from Wall Street with Japanese shares rising amid a respite from strength in the yen. Asia’s […]




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Publishing exec named new NYC schools chancellor

New York City Mayor Michael Bloomberg, center, speaks while outgoing Chancellor of New York City Public Schools Joel Klein, left, and the new Chancellor Cathie Black look on during a news conference at City Hall in New York, Tuesday, Nov. 9, 2010. Mayor Michael Bloomberg named Black, a top publishing executive, to head the nation’s […]




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Bharti Airtel profit slides amid stiff competition

MUMBAI, India (AP) — Bharti Airtel’s profit slid in the latest quarter as India’s largest mobile phone company lost market share and cut call rates amid hyper-competition in its fast-growing home market. Net profit for the July-September quarter was 16.6 billion rupees ($374.3 million), down 26.6 percent from a year earlier, the company said Wednesday. […]




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Wholesale inventories and sales rise in September

Costco shopper looks at Hershey’s syrup at Costco in Mountain View, Calif., Saturday, Nov. 6, 2010. Inventories held at the wholesale level rose for a ninth consecutive month in September while sales rose for a third month, encouraging signs that the economic expansion will continue. (AP Photo/Paul Sakuma) WASHINGTON (AP) — Inventories held at the […]




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Goldman fined $650,000 for disclosure lapse

WASHINGTON (AP) — Industry regulators have fined Goldman Sachs $650,000 for failing to disclose that two of its brokers, including the executive accused of leading the mortgage securities deal that brought civil fraud charges against the firm, were under investigation by the government. The Financial Industry Regulatory Authority announced the fine Tuesday, saying Goldman lacked […]




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FDIC proposes new fees system

WASHINGTON (AP) — Federal bank regulators on Tuesday proposed a new system of fees paid by U.S. banks that would shift more of the burden to bigger institutions to support the deposit insurance fund. The board of the Federal Deposit Insurance Corp. voted to propose rules to change the basis for assessing a bank’s insurance […]




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GE to invest more than $2B into China efforts

NEW YORK (AP) — General Electric Co. plans to sink more than $2 billion into its efforts in China through 2012 as the conglomerate looks to build partnerships there. GE said Tuesday that it will likely spend $500 million on research and development and new customer innovation centers, adding more than 1,000 new jobs. More […]




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