UNITED STATES

Universal Pictures ousts two chairmen

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Universal Pictures on Monday ousted Chairmen Marc Shmuger and David Linde after recent box office flops, including big-budget comedy Land of the Lost, replacing the pair with their marketing and production chiefs.
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Wall St. rises on services data, earnings optimism

Stocks bounced back from a four-day losing streak on Monday, as optimism about upcoming earnings gathered steam and data showed the economy's critical services sector expanded for the first time since August 2008.
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Service sector grows for first time in a year

The U.S. service sector grew in September for the first time in more than a year, creating jobs in banking and restaurants and giving a fresh sign that the economy is healing after doubts cast by recent poor data.
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U.S. magazines plan online newsstand, led by Time

Time Inc is gathering U.S. magazine publishers to start a jointly run digital newsstand next year that would deliver their titles to mobile devices like increasingly popular electronic book readers.
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Cisco CEO sees M&A heating up

U.S. network equipment maker Cisco Systems Inc expects to continue on the acquisition trail after last week's agreed $3 billion offer for Norwegian videoconferencing company Tandberg.
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Obama touts health plan to doctors

President Barack Obama gathered doctors from every U.S. state at the White House on Monday to press his case for healthcare reform in a week when the sweeping overhaul could clear a major hurdle in Congress.
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EU, Brazil pressure U.S. on Doha deadline

The European Union and Brazil will put pressure on the United States Tuesday to set out its demands to conclude the Doha round of world trade talks in 2010 to boost dwindling world trade, a draft document showed.
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Brocade puts itself up for sale: report

U.S. network equipment maker Brocade Communications Systems Inc has put itself up for sale and Hewlett-Packard Co is among the possible bidders, the Wall Street Journal reported on Monday, triggering a 17 percent jump in Brocade shares.
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In any NBC Universal deal, drama surrounds Zucker

NBC Universal CEO Jeff Zucker could be about to get a new boss -- and asked to explain a three-year run when his company expanded its cable business and won acclaim for its Olympic broadcasts, but failed to score a single breakout prime-time TV hit.
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War advisers must be candid but discreet: Gates

Defense Secretary Robert Gates on Monday called for patience and discretion as President Barack Obama decides how to conduct the war in Afghanistan, urging advisers to speak candidly but privately on strategy.
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Oil falls to $69 on recovery concerns

Oil fell to around $69 a barrel on Monday, extending the previous session's drop, pressured by jitters over the pace of U.S. economic recovery and easing concerns about Iran and Nigeria.

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