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Asian shares edge higher, Fed chief speculation tempers appetite

TOKYO Asian shares inched slightly higher on Friday, but grappled for firmer leads as speculation about who the next U.S. central bank chief will be kept global investors wary.

Recent Business News

Mexican auto lobby rejects U.S. NAFTA proposal on rules of origin

MEXICO CITY The Mexican Auto Industry Association (AMIA) on Thursday rejected U.S. proposals to increase North American content for autos produced in the region and require, under a new NAFTA deal, that half of all content come from the United States.

5:34pm EDT

Ackman urges ADP to consider acquiring Ceridian amid proxy fight

BOSTON Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc , on Thursday said the human resource software company should buy rival Ceridian, in a move that could woo customers with a better product.

Deals, Money 10:11pm EDT

U.S. jobless claims hit 44-1/2-year low; mid-Atlantic factories humming

WASHINGTON The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44-1/2 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.

12:47pm EDT

Japan government wants to get actively involved in Kobe Steel issue: trade minister

TOKYO The Japanese government wants to get actively involved in the issue of Kobe Steel's data fabrications, Hiroshige Seko, the minister of economy, trade and industry, said on Friday.

9:57pm EDT

Facebook to launch news subscription feature, some big names opt out

Facebook Inc said on Thursday it has signed up 10 news publishers including the Washington Post and The Economist to take part in a trial that gives its mobile app users access to a limited number of articles a month and then the option to subscribe via the publishers' own websites.

Tech, Facebook 4:08pm EDT

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