UNITED STATES

U.S. natural gas rig count falls 5 to 721

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The number of rigs drilling for natural gas in the United States fell by five this week to 721, according to a report on Friday by oil services firm Baker Hughes in Houston.

BofA, GE results weigh, indexes fall 1 pct

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U.S. stocks dropped sharply on Friday after quarterly results from General Electric Co and Bank of America Corp showed that an economic recovery may be slow and bumpy, denting a four-day rally fueled by earnings optimism.
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India's TCS profit up 29 pct, sees slow recovery

Tata Consultancy Services beat forecasts with a 29 percent rise in quarterly net profit helped by demand from recession-hit financial customers, but said a sharp growth rebound in the near term was unlikely.
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BofA, GE earnings a cold shower for Wall Street

Wall Street fell on Friday after disappointing quarterly results from Dow components General Electric Co and Bank of America Corp threatened a weak end to an otherwise strong, earnings-fueled week.
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NYC's Stuyvesant Town moves closer to default

Stuyvesant Town and Peter Cooper Village, a huge Manhattan apartment complex that became the largest residential deal in New York's history, could be headed for default as early as December, according to Trepp, a firm that tracks commercial mortgage securities.
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Homebuilder bonds too optimistic on housing

U.S. homebuilders' bonds have surged on hopes the housing downturn has reached a bottom, however the debt's prices may reflect too much optimism over what is likely to be a long, slow recovery.
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Oil down towards $77 on supply, corporate earnings

Oil retreated from a year-high above $78 touched early on Friday after a renewed focus on brimming inventories, disappointing corporate earnings and a slip in consumer confidence chipped away at bullishness across financial markets.
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North Korea invites U.S. envoy for talks: report

North Korea has renewed an invitation to U.S. special envoy Stephen Bosworth to visit Pyongyang, Japan's Kyodo news agency reported, in a signal that it wants to return to nuclear talks, albeit on Pyongyang's terms.
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GE's Immelt says evaluating options on NBC

General Electric Co is considering several scenarios for the future of NBC Universal, to be ready for the possibility that its minority partner Vivendi SA chooses to sell its 20 percent stake.
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Suicide bomber kills 12 in Pakistan's Peshawar

Pakistani forces attacked a Taliban stronghold with aircraft and artillery on Friday, as a suicide bomber killed 12 people in the city of Peshawar in the latest in a wave of militant attacks.
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Afghanistan gears up for final election result

A U.N.-backed fraud watchdog said Friday it was close to a verdict in its probe of Afghanistan's presidential election, which could force incumbent Hamid Karzai into a run-off against his main rival.
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Obama hits back at insurers over health reform

U.S. President Barack Obama hit back at the health insurance industry on Thursday, accusing it of trying to deceive Americans about healthcare reform and vowing to overhaul the industry in Congress.
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Consumer sentiment falls unexpectedly

U.S. consumer sentiment fell unexpectedly this month on persistent worries that the dismal state of personal finances would not recover quickly from the worst recession in decades, a report showed on Friday.

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