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• Wall Street edges up on window dressing, Fed support
• Home prices rise for 6th month, sign sector recovering
• Europe must take "deep breath" and enact reforms: Merkel
• Analysis: Dow transports raise warning flag for U.S. economy
• Consumer confidence at seven-month high in September
• Mexico economic growth picks up, slower days seen ahead
• EU parliament steps up push for woman in top ECB role
• IMF says banks skirt rules, financial system unwell
• Bankers pitch debt for AA and Saga sales or IPOs
• Caterpillar pares bullish 2015 view on "anemic" economy
• Stocks edge up in midday trading
• US consumer confidence jumps to 7-month high.
• Report: Premium hikes for top Medicare drug plans
• Stocks edge up in early trading
• Home prices rose in July in 20 major US cities
• Staples to speed up closure of 15 stores in US
• Barnes & Noble to introduce Nook Video service
• Toys R Us to hire 45,000 temp holiday staffers
• Apple supplier's factory back up after China brawl
• Oil rises as consumer confidence hits 7-month high
• Airlines collect a record amount of bag fees
• ECB's Demetriades says banking union feasible, urgent
• Wall Street edges up on window dressing, Fed support
• News Summary: Foxconn factory restarts production
• Stocks edge up in midday trading
• EU parliament steps up push for woman in top ECB role
• Bankers pitch debt for AA and Saga sales or IPOs
• Home prices rise for 6th month, sign sector recovering
• EU delays decision in U.S. "chateau" wine claim
• US economic data help world markets recover
• Vogue publisher to open cafe outpost in Dubai
• Shares gain on stimulus hopes; Spain caps rise
• Troubled BlackBerry maker sees Africa potential
• Altagas sells 350 million Canadian dollar notes: term sheet
• ECB's Draghi defends bond-buying plans to Germans
• TSX regains some ground as commodity prices rise
• US consumer confidence jumps to 7-month high.
• Providence Equity sells management firm stakes: source
• Barnes & Noble to introduce Nook Video service
• Appeals end for Britain's most famous extremist

Wall Street edges up on window dressing, Fed support Posted: 25 Sep 2012 09:31 AM PDT NEW YORK (Reuters) - U.S. stocks rose modestly on Tuesday on investor confidence that Federal Reserve stimulus would underpin equities and purchases by money managers wanting to touch up portfolios before the quarter's end. Capping the market's gains was Dow component Caterpillar Inc , the latest company to cut its profit outlook due to a sluggish global economy. "Investors know the Fed is behind this market. ...

Home prices rise for 6th month, sign sector recovering Posted: 25 Sep 2012 09:22 AM PDT NEW YORK (Reuters) - U.S. home prices rose for a sixth straight month in July in the latest sign of a sustainable housing market recovery, while a jump in consumer confidence this month offered a harbinger that Americans are ready to loosen their spending. Six years after its collapse, economists believe the housing market has turned a corner. Two separate reports on Tuesday showed that home prices rose in July, though the gains were not as strong as the previous month. ...

Europe must take "deep breath" and enact reforms: Merkel Posted: 25 Sep 2012 06:31 AM PDT BERLIN (Reuters) - Chancellor Angela Merkel said on Tuesday that Europe could only hope to come out of its crisis stronger and compete in a globalised world if its members pressed ahead with painful reforms and moved to more responsible budget policies. Speaking at a meeting of the Federation of German Industries (BDI), Merkel acknowledged that Germany was "not an island" that could disconnect from economic developments in Europe and the world economy. ...

Analysis: Dow transports raise warning flag for U.S. economy Posted: 25 Sep 2012 08:16 AM PDT NEW YORK (Reuters) - A slew of profit warnings from transportation companies like FedEx Corp and Norfolk Southern Corp is raising questions about whether the overall market will end this year on a high note. An enduring part of market lore is the notion that gains in the well-known Dow Jones industrial average do not hold unless similar moves in the Dow Jones transportation average "confirm" them. Strategists tend to look askance when they see steady rises in the 30-stock industrial index when the transportation average is not doing well. ...

Consumer confidence at seven-month high in September Posted: 25 Sep 2012 07:12 AM PDT NEW YORK (Reuters) - Consumer confidence jumped to its highest level in seven months in September as Americans were more optimistic about the job market and income prospects, a private sector report showed on Tuesday. The Conference Board, an industry group, said its index of consumer attitudes rose to 70.3 from an upwardly revised 61.3 in August. It was the highest level since February and topped economists' expectations for 63, according to a Reuters poll. August was originally reported as 60.6. ...

Mexico economic growth picks up, slower days seen ahead Posted: 25 Sep 2012 08:47 AM PDT MEXICO CITY (Reuters) - Mexico's annual growth rate sped up in July on the afterglow of election spending and despite a sluggish U.S. economy, but analysts are sticking to their predictions of a slowdown in the second half of this year. Latin America's second-largest economy expanded by a stronger-than-expected 4.7 percent compared with a year earlier on solid performances by both the services and industrial sectors, the national statistics agency said on Tuesday. The growth is up from 3.7 percent in June and beat forecasts in a Reuters poll for 4.3 percent growth. ...

EU parliament steps up push for woman in top ECB role Posted: 25 Sep 2012 09:27 AM PDT BRUSSELS (Reuters) - European Union lawmakers intend to use their role in shaping the euro zone's new banking supervisory authority to give a woman at least one of the top jobs in the European Central Bank's currently all-male senior management. Lawmakers in the European Parliament, along with the European Commission, have been pushing EU member states to appoint women to the ECB's six-member Executive Board since Austria's Gertrude Tumpel-Gugerell stepped down in 2010. "We notice that the EU member states' nominations to some of the most important... ...

IMF says banks skirt rules, financial system unwell Posted: 25 Sep 2012 07:31 AM PDT LONDON (Reuters) - Banks are getting round new rules intended to make a still vulnerable industry safer while countries are distracted by the continuing financial crisis, the International Monetary Fund said on Tuesday. The IMF's latest Global Financial Stability Report said banks will adjust to new costs from tougher regulation to curb excessive risk taking, with deep-pocketed lenders likely to consolidate market share at the expense of smaller rivals. ...

Bankers pitch debt for AA and Saga sales or IPOs Posted: 25 Sep 2012 09:24 AM PDT LONDON (Reuters) - Bankers are pitching multibillion pound financing packages to back the potential sale or flotation of 107-year-old motoring services firm the AA and over-50's insurance and travel company Saga, banking sources said on Tuesday. The two companies are owned by Acromas, which appointed Ernst & Young to carry out vendor due diligence last week as its private equity owners Charterhouse, CVC and Permira explore valuations for the companies as two separate entities. The AA could be sold or floated on the stock market for as much as 5 billion pounds ($8. ...

Caterpillar pares bullish 2015 view on "anemic" economy Posted: 25 Sep 2012 05:09 AM PDT LAS VEGAS (Reuters) - Caterpillar Inc cut its 2015 earnings forecast on Monday, becoming the latest heavyweight in Corporate America to sound alarms on the sluggish global economic recovery. The world's largest maker of earth-moving equipment stopped short of forecasting a global recession, but warned of a bigger-than-expected fall-off in demand for its products over the next few years because of weaker commodity prices. The deceleration will undermine Caterpillar's expansion in the mining sector, where demand for the company's mega trucks is expected to slow. ...

Stocks edge up in midday trading Posted: 25 Sep 2012 09:28 AM PDT Encouraging economic reports gave the stock market a nudge higher Tuesday. House prices rose in major cities for a third straight month, and a gauge of consumer confidence came in surprisingly high.

US consumer confidence jumps to 7-month high. Posted: 25 Sep 2012 08:59 AM PDT U.S. consumer confidence jumped this month to the highest level since February, bolstered by a brighter hiring outlook.

Report: Premium hikes for top Medicare drug plans Posted: 25 Sep 2012 08:43 AM PDT Millions of seniors enrolled in some of the most popular Medicare prescription drug plans face double-digit premium hikes next year if they don't shop for a better deal, says a private firm that analyzes the highly competitive market.

Stocks edge up in early trading Posted: 25 Sep 2012 07:18 AM PDT Encouraging reports on the housing market and consumer confidence gave the stock market a nudge in early Tuesday trading.

Home prices rose in July in 20 major US cities Posted: 25 Sep 2012 08:19 AM PDT Home prices kept rising in July across the United States, buoyed by greater sales and fewer foreclosures.

Staples to speed up closure of 15 stores in US Posted: 25 Sep 2012 06:05 AM PDT Staples is speeding up the closure of about 15 of its U.S. stores and plans to close 45 stores and some delivery businesses in Europe.

Barnes & Noble to introduce Nook Video service Posted: 25 Sep 2012 08:56 AM PDT Barnes & Noble Inc. says it will launch a video service this fall that lets users buy and watch movies and TV shows on their mobile devices and televisions.

Toys R Us to hire 45,000 temp holiday staffers Posted: 25 Sep 2012 07:34 AM PDT Toys R Us is hiring 45,000 seasonal workers to staff up its pop up stores and help fulfill its expanded customer services, like shipping online purchases to stores, this holiday.

Apple supplier's factory back up after China brawl Posted: 25 Sep 2012 04:22 AM PDT A factory in China owned by the manufacturer of Apple's iPhones resumed production Tuesday after a brawl by workers highlighted tensions that labor groups say were worsened by the pressure of a new iPhone launch.

Oil rises as consumer confidence hits 7-month high Posted: 25 Sep 2012 08:07 AM PDT The price of oil is rising on news that U.S. consumer confidence is at the highest level since February.

Airlines collect a record amount of bag fees Posted: 25 Sep 2012 09:34 AM PDT U.S. airlines collected more than $1.7 billion in baggage fees during the first half of the year, the largest amount ever collected in that six-month period.

ECB's Demetriades says banking union feasible, urgent Posted: 25 Sep 2012 09:32 AM PDT LIMOSSOL, Cyprus (Reuters) - European Central Bank policymaker Panicos Demetriades said on Tuesday that an EU plan to set up a single supervisory mechanism for euro area banks by the end of 2012 was ambitious, but feasible. "In my view, every effort should be made to move ahead as quickly as possible based on a phasing-in approach," Demetriades, who is also governor of the Central Bank of Cyprus, told a business audience. ...

Wall Street edges up on window dressing, Fed support Posted: 25 Sep 2012 09:31 AM PDT NEW YORK (Reuters) - U.S. stocks rose modestly on Tuesday on investor confidence that Federal Reserve stimulus would underpin equities and purchases by money managers wanting to touch up portfolios before the quarter's end. Capping the market's gains was Dow component Caterpillar Inc , the latest company to cut its profit outlook due to a sluggish global economy. "Investors know the Fed is behind this market. ...

News Summary: Foxconn factory restarts production Posted: 25 Sep 2012 09:29 AM PDT BACK IN BUSINESS: A factory in China owned by the manufacturer of Apple's iPhones, Foxconn Technology Group, resumed production Tuesday.

Stocks edge up in midday trading Posted: 25 Sep 2012 09:28 AM PDT Encouraging economic reports gave the stock market a nudge higher Tuesday. House prices rose in major cities for a third straight month, and a gauge of consumer confidence came in surprisingly high.

EU parliament steps up push for woman in top ECB role Posted: 25 Sep 2012 09:27 AM PDT BRUSSELS (Reuters) - European Union lawmakers intend to use their role in shaping the euro zone's new banking supervisory authority to give a woman at least one of the top jobs in the European Central Bank's currently all-male senior management. Lawmakers in the European Parliament, along with the European Commission, have been pushing EU member states to appoint women to the ECB's six-member Executive Board since Austria's Gertrude Tumpel-Gugerell stepped down in 2010. "We notice that the EU member states' nominations to some of the most important... ...

Bankers pitch debt for AA and Saga sales or IPOs Posted: 25 Sep 2012 09:24 AM PDT LONDON (Reuters) - Bankers are pitching multibillion pound financing packages to back the potential sale or flotation of 107-year-old motoring services firm the AA and over-50's insurance and travel company Saga, banking sources said on Tuesday. The two companies are owned by Acromas, which appointed Ernst & Young to carry out vendor due diligence last week as its private equity owners Charterhouse, CVC and Permira explore valuations for the companies as two separate entities. The AA could be sold or floated on the stock market for as much as 5 billion pounds ($8. ...

Home prices rise for 6th month, sign sector recovering Posted: 25 Sep 2012 09:22 AM PDT NEW YORK (Reuters) - U.S. home prices rose for a sixth straight month in July in the latest sign of a sustainable housing market recovery, while a jump in consumer confidence this month offered a harbinger that Americans are ready to loosen their spending. Six years after its collapse, economists believe the housing market has turned a corner. Two separate reports on Tuesday showed that home prices rose in July, though the gains were not as strong as the previous month. ...

EU delays decision in U.S. "chateau" wine claim Posted: 25 Sep 2012 09:19 AM PDT BRUSSELS (Reuters) - French fears of competition from a flood of U.S. wine bearing the word "chateau" on the label eased on Tuesday, after EU officials delayed a decision on a plan that has left Bordeaux winemakers seeing red. The European Union's wine management committee had been expected to approve an application to allow U.S. wine exports to Europe to use the word "chateau", in what one EU official described as a "purely technical rubber-stamping exercise". ...

US economic data help world markets recover Posted: 25 Sep 2012 09:18 AM PDT Robust U.S. economic indicators pushed world markets higher on Tuesday, offsetting uncertainty over Europe's debt problems and global growth.

Vogue publisher to open cafe outpost in Dubai Posted: 25 Sep 2012 09:12 AM PDT Vogue's fashion-loving fans will soon have a chance to drink in the magazine's aura at a new cafe in Dubai.

Shares gain on stimulus hopes; Spain caps rise Posted: 25 Sep 2012 09:10 AM PDT NEW YORK (Reuters) - Stocks edged higher around the world on Tuesday, with U.S. markets in particular buoyed by end-of-quarter buying by funds and a higher-than-expected reading of confidence among American consumers. However, lingering concerns over Spain's funding problems and renewed worries about global growth limited gains. U.S. stocks rose at the open after comments late on Monday from the president of the San Francisco Fed suggested the central bank was not done taking action to stimulate the economy. ...

Troubled BlackBerry maker sees Africa potential Posted: 25 Sep 2012 09:10 AM PDT In a film recently made in Nigeria, a man stops a beautiful woman, suavely trying to get her to talk to him. Instead she pouts her lips and looks down at her hands, barely able to hold all of the BlackBerry phones she owns.

Altagas sells 350 million Canadian dollar notes: term sheet Posted: 25 Sep 2012 09:09 AM PDT (Reuters) - Altagas Ltd on Tuesday sold C$350 million ($357 million) nine-year medium-term notes, according to a term sheet seen by Reuters. The 3.72 percent notes, due September 28, 2021, were priced at 99.970 to yield 3.724 percent or 195 basis points over the Canadian government benchmark. The investment dealer arms of Toronto-Dominion Bank and National Bank of Canada were the bookrunning managers of the sale. (Reporting by Pam Niimi; Editing by Chizu Nomiyama)

ECB's Draghi defends bond-buying plans to Germans Posted: 25 Sep 2012 09:04 AM PDT The head of the European Central Bank sought Tuesday to win a skeptical German audience over to his plans to buy potentially unlimited amounts of government bonds to help the continent's most indebted states survive the financial crisis.

TSX regains some ground as commodity prices rise Posted: 25 Sep 2012 09:02 AM PDT TORONTO (Reuters) - Canada's benchmark equity index rose broadly on Tuesday morning in a rally led by gold miners and banks as commodity prices recovered from a drop the previous day. Oil, gold and copper prices all moved higher, helping the resource-rich Toronto index to jump a third of a percent. Miner Barrick Gold Corp rose 1.3 percent to C$40.94 and competitor Goldcorp gained 1.2 percent to C$44.61. Among banks, Royal Bank of Canada moved 0.9 percent higher to C$56.66, and Bank of Nova Scotia added 0.7 percent to C$54.57. At 10:40 a.m. ...

US consumer confidence jumps to 7-month high. Posted: 25 Sep 2012 08:59 AM PDT U.S. consumer confidence jumped this month to the highest level since February, bolstered by a brighter hiring outlook.

Providence Equity sells management firm stakes: source Posted: 25 Sep 2012 08:57 AM PDT NEW YORK (Reuters) - Media-focused buyout firm Providence Equity Partners has sold minority stakes in the company that manages its funds in a deal that will help propel expansion. The Providence, Rhode Island-based buyout firm sold a stake of less than 10 percent in its management company to two longtime limited partners, Chief Executive Jonathan Nelson said in a letter to investors that was seen by Reuters. The investors are a U.S. pension fund and a sovereign wealth fund, said a person familiar with the matter who asked not to be named because the matter is confidential. ...

Barnes & Noble to introduce Nook Video service Posted: 25 Sep 2012 08:56 AM PDT Barnes & Noble Inc. says it will launch a video service this fall that lets users buy and watch movies and TV shows on their mobile devices and televisions.

Appeals end for Britain's most famous extremist Posted: 25 Sep 2012 08:54 AM PDT He's the one-eyed, hook-handed terror suspect so troublesome that even Queen Elizabeth II reportedly felt moved to wonder why he remained at liberty despite his fiery call for a jihad, or holy war.

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