Oil falls below $70 a barrel as traders focus on weak US demandNEW YORK — Oil prices fell Wednesday as traders shrugged off an unexpected drop in crude supplies and focused instead on government data that showed Americans still have little appetite for more petroleum. Seed maker Monsanto posts larger 4Q loss as herbicide sales slump, adjusted earns top viewST. LOUIS — Monsanto Co., the world’s biggest seed maker, said Wednesday its fourth-quarter loss widened to $233 million in the fourth quarter on lower revenue, led by a drop in sales of its Roundup herbicide which is facing on onslaught of generic competition. Stocks slip after 2 days of gains as market waits for Alcoa; Dollar reboundsNEW YORK — Investors waiting for earnings reports to start in earnest sent stocks modestly lower Wednesday following a two-day spike. Regulators ask Congress to revamp proposal and tighten oversight of derivativesWASHINGTON — Federal regulators on Wednesday asked a House panel to strengthen proposed legislation that would impose new oversight on derivatives, complex financial instruments blamed by regulators for hastening the financial crisis. Republican lawmakers contend the measure already could eliminate jobs and stifle companies’ ability to manage risks. GM’s US sales chief leaves as company tries to boost market shareDETROIT — General Motors Co.’s North American sales chief is leaving the automaker as it continues its furious effort to get leaner and boost its slipping market share, GM CEO Fritz Henderson said Wednesday. Stock trading is muted after 2 days of gains as market waits for Alcoa; Dollar reboundsNEW YORK — Stocks are wavering after a two-day spike as the dollar rebounds and traders await corporate profit reports. Oil rises slightly after government reports crude supplies drop unexpectedlyNEW YORK — Oil prices rose Wednesday after the government reported an unexpected drop in crude supplies. Federal judge sets deadline for amended deal in Google’s battle over digital book rightsNEW YORK — A federal judge set a Nov. 9 deadline Wednesday for submission of a revised agreement in the battle over Google Inc.’s effort to get digital rights to millions of out-of-print books. Then the debate over the fairness of the plan will resume. Verisk Analytics shares soar immediately in trading debut; offering price higher than expectedNEW YORK — Shares of Verisk Analytics Inc., an insurance data specialist that first signaled that it planned to offer shares to the public shortly before the collapse of Lehman Brothers, soared Wednesday in their trading debut. Energy Dept. says crude oil inventories fell last week while gas stockpiles roseNEW YORK — Crude inventories fell last week, while gasoline supplies grew, the government said Wednesday. Iraqi PM: Number of security forces strains budget, hinders reconstructionBAGHDAD — Iraq’s government payroll has become so heavy with soldiers and police that it’s now hindering reconstruction, Iraq’s prime minister warned Wednesday, raising the possibility of security force cutbacks just as U.S. combat troops are pulling out. Oil up to near $71 in afternoon European trading on increased optimism over global recoveryVIENNA — Oil prices hovered near $71 a barrel Wednesday as the market awaited new U.S. inventory figures amid increased optimism that a global economic recovery will boost crude demand. Stocks fall in early trading as dollar strengthens; investors await corporate earnings reportsNEW YORK — Stocks fell after a two-day spike as the dollar rebounded and traders awaited corporate profit reports. Greece’s new Socialist PM promises Greeks ‘time to breathe’ before they face economic crisisATHENS, Greece — Greece’s new Socialist prime minister took charge Wednesday, promising Greeks “time to breathe” before they face the realities of a rapidly cooling economy compromised by high state spending and a soaring public debt. Stocks mixed in early trading as dollar strengthens; investors await start of earnings seasonNEW YORK — Stocks were mixed in morning trading Wednesday as investors await the kickoff of earnings season, and as the dollar strengthened. Stocks slide in early trading as dollar strengthens; investors await start of earnings seasonNEW YORK — Stocks are slipping in early trading as investors await the kickoff of earnings season and as the dollar strengthened. Cisco upgraded to ‘Outperform’ at William Blair; analyst sees pent-up demand, new dealsNEW YORK — Cisco Systems Inc. is winning new deals and benefiting from a broad economic recovery, a William Blair analyst said Wednesday as he upgraded the company’s stock. Iraqi official: Iranian opposition members freed in Iraq but their deportation order standsBAGHDAD — A group of 36 Iranian opposition members were returned Wednesday to an exile camp in northern Iraq after nearly three months in Iraqi custody and despite an ongoing effort to expel them, a government spokesman said. Seed maker Monsanto 4Q loss widens as sales slumpST. LOUIS — Monsanto Co., the world’s biggest seed maker, said Wednesday its fourth-quarter loss widened to $233 million in the fourth quarter on a decrease in revenue, led by a drop in sales of its Roundup herbicide brand. European markets drift lower as third quarter earnings season starts in earnestLONDON — European stock markets fell modestly Wednesday after big gains the previous day as investors prepared for the start of the third-quarter corporate reporting season. Greece’s new Socialist government is formally sworn in, ending 5 years of conservative ruleATHENS, Greece — Greece’s new Socialist government was formally sworn in Wednesday, and now most get to grips with pledges to revive a rapidly cooling economy compromised by excess state spending and a soaring public debt. Stock futures indicate higher open as investors build momentum heading into earnings seasonNEW YORK — Stock futures are pointing to another higher opening Wednesday as investors continue to build momentum heading into earnings season. Costco 4th-quarter profit slips partly on stronger dollar, but tops analysts’ estimatesNEW YORK — Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results beat analysts’ estimates. Kroger feeds store-brand product lines from own network of food-manufacturing plantsSPRINGDALE, Ohio — Ice cream swooshes out of metal nozzles and swirls into 38,000 “party pails” per day here, one of many ways Kroger Co. is using its massive manufacturing capability to feed growing demand for low-priced store brands. Asian stock markets extend gains amid renewed faith in global recovery; Europe little changedHONG KONG — Asian stock markets and oil prices extended their advance Wednesday amid renewed faith a recovery in the global economy was sustainable. European shares were little changed. Thousands of Romanian workers protest low wages outside government HQ; traffic blockedBUCHAREST, Romania — Thousands of Romanian workers from all over the country protested low wages in the capital on Wednesday, rallying outside government headquarters to demanded leaders do something to increase their pay. Police break up second day of anti-IMF protest in IstanbulISTANBUL — Protesters hurled firebombs at banks and police and smashed shop windows in a second day of protests Wednesday against the International Monetary Fund. INSIDE WASHINGTON: Sleeping on duty when it comes to scrutiny of war contractorsWASHINGTON — During a routine check of a watch tower at a U.S. military base in Kuwait, an Army sergeant found the guard leaning back in a chair, his sunglasses on, apparently sound asleep. When the soldier woke the guard, an employee of a defense contractor named Combat Support Associates, he denied he’d dozed off while on duty. Asian stock markets extend gains amid renewed faith in global recovery; oil rises above $71HONG KONG — Asian stock markets and oil prices extended their advance Wednesday amid renewed faith a recovery in the global economy was sustainable. Mich. House members take votes on tax, revenue increases; more likely in days aheadLANSING, Mich. — Democratic lawmakers have begun what could be an uphill fight to raise some taxes and find more revenue for a college scholarship program, health care, and local governments in Michigan. |
Topics
Poll Loading ...Latest TweetsFinance
Latest Friend FeedsFinance
|
