| GM opts to keep Opel, scraps sale to Magna (Reuters)
November 3, 2009 at 8:32 pm
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|  Reuters - General Motors reversed course on Tuesday by abandoning a long-expected sale of its Opel to a group led by Canadian auto supplier Magna and opting to keep the European unit after a year of uncertainty and high-stakes political negotiations.
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| Kraft says won't overpay for Cadbury as revenue misses (Reuters)
November 3, 2009 at 7:55 pm
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|  Reuters - Kraft Foods Inc said it would not overpay for British chocolatier Cadbury Plc on Tuesday after disappointing investors by posting weaker-than-expected quarterly revenue and cutting its full-year sales forecast.
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| Buffett buying Burlington rail in his biggest deal (Reuters)
November 3, 2009 at 7:16 pm
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|  Reuters - Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out Burlington Northern Santa Fe Corp in a bet the nation's largest rail company will benefit from a recovering U.S. economy.
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| Kraft profit beats expectations, Cadbury bid awaited (Reuters)
November 3, 2009 at 4:27 pm
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| Reuters - Kraft Foods Inc posted a quarterly profit that beat analysts estimates, less than a week before the Oreo cookie maker is expected to formalize its bid for British chocolatier Cadbury Plc .
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| A look at economic developments around the globe (AP)
November 3, 2009 at 3:01 pm
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| | AP - A look at economic developments and activity in major stock markets around the world Tuesday: |
| Rising factory orders bolster recovery prospects (Reuters)
November 3, 2009 at 2:24 pm
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|  Reuters - U.S. factory orders rose a stronger-than-expected 0.9 percent in September and inventories continued to shrink, bolstering the prospects for a sustained economic recovery.
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| Ford, Nissan sales rise on stronger demand (Reuters)
November 3, 2009 at 1:14 pm
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|  Reuters - Ford Motor Co said on Tuesday its U.S. sales in October rose 3 percent and it gained market share due to strong demand for cars and crossover vehicles.
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| Carrefour breaks Indonesian antitrust law: watchdog (AFP)
November 3, 2009 at 12:13 pm
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|  AFP - An Indonesian watchdog ruled Tuesday that a subsidiary of French supermarket chain Carrefour was in breach of anti-monopoly rules and ordered it to sell its stake in local retailer Alfa Retailindo.
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| J&J to slash 7,000 to 8,000 jobs (Reuters)
November 3, 2009 at 11:36 am
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| | Reuters - Johnson & Johnson plans to cut up to 7 percent of its workforce in order to generate cost savings needed to finance increasingly costly drug research and to weather future challenges, the diversified healthcare company said on Tuesday. |
| Buffett to buy Burlington Northern (Reuters)
November 3, 2009 at 10:57 am
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| Reuters - Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out railroad Burlington Northern Santa Fe Corp in what the billionaire investor called a bet on the U.S. economy.
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| Sept factory orders rise 0.9 percent (Reuters)
November 3, 2009 at 10:31 am
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|  Reuters - New orders received by U.S. factories rose a stronger-than-expected 0.9 percent in September, while inventories continued to shrink, the Commerce Department said on Tuesday in a report suggesting manufacturing activity is feeding the economic recovery.
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| Cablevision beats expectations, shares jump (Reuters)
November 3, 2009 at 10:23 am
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| | Reuters - New York cable operator Cablevision Systems Corp posted better-than-expected quarterly profit, fueled by increases in Internet and phone subscribers and advertising revenue. |
| Viacom profit up with box office and The Beatles (Reuters)
November 3, 2009 at 7:24 am
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| | Reuters - Viacom Inc. (VIAb.N) reported a sharper-than-expected rise in profit on Tuesday, as box office hits like "Transformers" and "G.I. Joe" helped it overcome the deep advertising slump that has plagued the media industry. |
| Stock futures off, weighed by Europe banks, Fed meet eyed (Reuters)
November 3, 2009 at 7:14 am
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|  Reuters - U.S. stock index futures pointed to a 1 percent drop at the open on Tuesday as poor results from Swiss lender UBS and a shake-up in British banks weighed on investor sentiment ahead of the start of a two-day Fed meeting.
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| Euro, pound slide against dollar (AFP)
November 3, 2009 at 7:06 am
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|  AFP - The euro and the pound fell sharply against the dollar on Tuesday as European stock markets tumbled and Britain unveiled a major shake-up of the banking industry, analysts said.
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| UBS won't stem withdrawals soon as Q3 disappoints (Reuters)
November 3, 2009 at 6:10 am
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|  Reuters - Swiss bank UBS does not expect to win back assets from rich clients any time soon as it struggles to rebuild its reputation after a bitter U.S. tax row even as its underlying performance improves.
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| Lloyds, RBS agree to massive shake-up (Reuters)
November 3, 2009 at 5:18 am
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|  Reuters - Britain's two largest retail lenders have agreed to a massive shake-up of the banking sector that will see both sell hundreds of branches and key businesses to appease EU concerns over state aid and competition.
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| German retailer Metro reports stable profits (AFP)
November 3, 2009 at 5:01 am
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|  AFP - The German retailer Metro on Tuesday reported stable profits in the third quarter but declined to give an outlook for the rest of the year after a survey showed falling consumer confidence in Germany.
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| Fed to mull recovery, financial stability at policy meeting (Reuters)
November 3, 2009 at 4:44 am
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|  Reuters - Federal Reserve officials meeting this week must weigh improving economic data against the risk, reinforced by a persistently weak job market, that a burgeoning recovery remains on shaky ground.
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| FTSE 100 down in early trade (AFP)
November 3, 2009 at 3:35 am
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|  AFP - The leading stock exchange fell at the opening of trading on Tuesday.
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| Asian shares ease ahead of Fed (Reuters)
November 3, 2009 at 2:18 am
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|  Reuters - The dollar slid on Tuesday, pushing gold prices to near record highs, while Asian stocks eased as investors awaited policy announcements from some key central banks this week for clues on the timing of eventual shifts in policy.
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