Business News Headlines

Unknown election outcome is stocks' big fear

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NEW YORK - A handful of toss-up U.S. Senate races next week could hold the key to whether the stock market glides through the year-end in a typical post-midterm election rally or gets hit with a fresh bout of volatility. | Video

7:09pm EDT

U.S. consumer spending falters; wage gains highest since 2008

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WASHINGTON - U.S. consumer spending fell for the first time in eight months in September, suggesting the economy lost some momentum heading into the fourth quarter.

1:28pm EDT

U.S. consumer sentiment at highest since July 2007

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NEW YORK - U.S. consumer sentiment rose in October to its highest level since in more than seven years on growing optimism about the economy and more favorable personal financial expectations, a survey released on Friday showed.

9:57am EDT

Exxon, Chevron results boosted by refining as oil prices slip

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- A surge in refining profits boosted quarterly results at Exxon Mobil Corp and Chevron Corp , helping to offset declining oil and gas production and falling crude oil prices.

1:32pm EDT

Top U.S. oil companies see more pressure to clamp down on spending

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HOUSTON - Top U.S. oil producers, which already were reining in spending before crude prices started to slip in June, are now looking to trim more fat from their budgets while reminding investors they must spend to grow.

2:54pm EDT

UBS cannot arbitrate vs Nasdaq over Facebook IPO: court

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NEW YORK - A divided U.S. appeals court rejected UBS AG's bid to force Nasdaq OMX Group Inc to arbitrate a dispute over the exchange operator's alleged "catastrophic mismanagement" of Facebook Inc's $16 billion initial public offering.

Tech, Media 1:24pm EDT

Exclusive: U.S. probing Standard Chartered over Dubai banking - sources

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NEW YORK - U.S. authorities are investigating London-based Standard Chartered Plc for potential U.S. sanctions violations connected to its banking for Iranian-controlled entities in Dubai, according to people familiar with the probe.

Dollar General extends tender offer for Family Dollar shares again

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- Dollar General Corp extended its tender offer for shares of Family Dollar Stores Inc to Dec. 31, until after a shareholder vote that will decide the fate of a rival bid by Dollar Tree Inc .

2:00pm EDT

Takata must rev up air bag replacement effort: U.S. safety officials

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DETROIT - U.S. auto safety officials on Friday told Japan's Takata Corp to work harder to meet demand for replacement parts for air bags that could prove defective in millions of U.S. cars.

Canada willing to take action against U.S. over meat labeling

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TORONTO - Canada will pursue "any and all remedies" to pressure the United States to drop regulations on meat labeling that Canada considers discriminatory, the country's trade minister said on Friday.

4:06pm EDT
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.