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Buffett to buy Burlington Northern in $34 billion deal

Warren Buffett's Berkshire Hathaway Inc said it agreed to buy railroad Burlington Northern Santa Fe Corp in Buffett's biggest acquisition ever.

Stock futures off as Europe banks offset Burlington deal

U.S. stock index futures fell on Tuesday as the deal by Warren Buffett's Berkshire Hathaway to buy railroad company Burlington Northern was offset by poor results from Swiss lender UBS and a shake-up at two big British banks.

Merkel to press US on climate in speech to Congress

German Chancellor Angela Merkel is expected to urge the United States to take bold action to combat global warming in a speech to a joint session of Congress on Tuesday, a month before a U.N. climate summit.

U.S. commercial property up in 3rd quarter

The prices of investment-grade commercial real estate rose more than 4 percent in the third quarter, possibly signaling an end to the sector's year-long downward spiral, according to an leading property index released on Tuesday.

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Banks lead broad sell-off, FTSE below 5000

Britain's leading share index dropped 2.2 percent in mid-session trade on Tuesday, with negative newsflow on the UK and global financial sector denting banks and contributing to a broad-based retreat in equities.

US STOCKS-Futures off, weighed by Europe banks, Fed meet eyed

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.

Stock futures off, weighed by Europe banks, Fed meet eyed

Grim reality still grips U.S. commercial real estate

Executives do not expect the U.S. commercial real estate market to emerge from critical condition any time soon, according to a survey by The Real Estate Roundtable.

Fed to mull recovery, financial stability at policy meeting

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.

Oil slips below $78 as dollar strengthens

Oil fell more than $1 per barrel toward $77 on Tuesday as the dollar rose against a basket of currencies and as stock markets slipped in Europe and Asia.

China's NetEase eyes push into fertile mobile sector

NetEase.com, one of China's top online game developers, will speed its push into the mobile sector as it looks to capitalize on the country's recent launch of high-speed 3G services, a top executive said.

NetEase, Activision caught up in China turf war

A Chinese regulator has ordered top online game firm NetEase.com to stop operating a popular title, the result of an apparent governmental turf war highlighting the risks the sector faces.

Global stocks fall on stimulus worries

World stocks dipped toward the previous session's four-week lows on Tuesday as investors continued to fret over the early removal of government stimulus, particularly in the financial sector.

Oil slips below $78, eyes on U.S. crude stocks

Oil slipped below $78 per barrel on Tuesday ahead of data expected to show a rise in U.S. crude oil stocks and before key U.S. economic figures later in the week.

Asian shares ease ahead of Fed

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.

Oil steady above $78, eyes U.S. crude stocks

Oil held steady above $78 a barrel on Tuesday, after rising more than 1.5 percent a day ago, as traders weighed the impact of a possible rise in U.S. crude stocks against positive manufacturing and home sales data.

Oil gains, dollar falls after strong data

Crude oil rose and the dollar fell on Monday on strong worldwide factory data and a surprise jump in U.S. pending home sales, but U.S. stocks see-sawed before ending higher after a sell-off in banking shares.

Daily Wrap Up - Nov 2

Speeding Up Climate Reform; Fed Weighs Economy; U.S.-China Currency Stake

Oil extends gains above $78, eyes U.S. crude stocks

Oil edged further above $78 a barrel on Tuesday, after rising more than 1.5 percent a day ago, as traders weighed the impact of a possible rise in U.S. crude stocks against positive manufacturing and home sales data.

Senate panel tries bypassing climate bill boycott

Democrats who control a key U.S. Senate panel said they would begin debating a climate change bill on Tuesday, despite a planned boycott by minority Republicans who are demanding more study of the issue.

GM IPO talk now dumbest thing in world: York

Talk of an initial public offering for General Motors Co by the second half of next year is so premature as to border on the ludicrous, a former director of the largest U.S. automaker said on Monday.

Q+A: What are the stakes in the U.S.-China yuan tussle?

China's reluctance to let markets play a freer hand in setting the value of the yuan, also called the renminbi, is a festering irritant that both the United States and China want to keep from getting out of hand.

Wine tasting in South America: Where to Go and What to Try

Outside of the well-known wine-producing countries of France, Italy and Spain, a quiet wine revolution is taking place in the southern cone. Down in South America, winemakers have been using

How long does hepatitis B vaccine protection last?

The hepatitis B vaccine - given to protect against infection by a virus that can cause severe liver damage and cancer - may protect for more than two decades, according to a new study.

Extra heart scan needed to assess heart risk: study

A person's long-term risk of heart disease is better assessed by a pair of studies, as performing only one may miss a dangerous buildup of calcium in arteries, U.S. researchers said on Monday.

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