Home prices decline in September: S&P

NEW YORK (Reuters) - Home prices declined in September, highlighting the fragility of a market that is struggling to get back on its feet, a closely watched survey showed on Tuesday.

UK growth slows to crawl, austerity to persist

LONDON (Reuters) - Britain's coalition government unveiled sharply lower economic growth forecasts on Tuesday and said it would take much longer than hoped to wipe out its deficit, meaning tough austerity measures would extend beyond the next election due in 2015.

UK growth slows to crawl, austerity to persist

LONDON (Reuters) - Britain's coalition government unveiled sharply lower economic growth forecasts on Tuesday and said it would take much longer than hoped to wipe out its deficit, meaning tough austerity measures would extend beyond the next election due in 2015.

Tiffany sales growth shows signs of slowing

(Reuters) - Tiffany & Co gave a holiday quarter profit outlook that missed Wall Street expectations, and signs that the recent torrid pace of its sales gains is slowing sent shares down 7 percent.

Murdoch suffers BSkyB revolt, but hangs on

LONDON (Reuters) - Investors holding nearly a quarter of BSkyB shares failed to back the re-election of chairman James Murdoch on Tuesday, in protest over the former chief executive's handling of a phone hacking scandal that has damaged the family name.

AMR, American Airlines file for bankruptcy

(Reuters) - AMR Corp, the parent company of American Airlines, filed for voluntary Chapter 11 bankruptcy protection in a New York court on Tuesday.

UK’s Osborne to admit growth, debt-cutting falling

LONDON (Reuters) - British finance minister George Osborne will pave the way for several more years of deep government spending cuts, when he reveals forecasts for much weaker growth and a borrowing overshoot of 86 billion pounds over the coming years.

Facebook gearing up for 2012 IPO: source

(Reuters) - Facebook, the world's largest Internet social network, is preparing for a initial public stock offering next year, according to a source familiar with the matter.

International air freight traffic slows: IATA

GENEVA (Reuters) - International air freight traffic was 4.8 percent lower in October than a year previously, while international passenger traffic grew 4.6 percent but at a slowing pace, the International Air Transport Association said on Monday.

Pressure mounts on Europe as finance ministers meet

BRUSSELS (Reuters) - Euro zone finance ministers are to agree on Tuesday the details of bolstering their bailout fund to help prevent contagion in bond markets, under pressure from the United States and ratings agencies to staunch a two-year-old debt crisis.

Thomas Cook faces battle to regain confidence

LONDON (Reuters) - Thomas Cook faces an uphill task to restore the confidence of customers and investors ahead of the new year booking season after revealing a 30 percent drop in UK sales in the days following news of its financial troubles.

Analysis: In a close-knit world, frontier debt loses out

LONDON (Reuters) - The escape route from risky peripheral euro zone debt into higher-yielding emerging markets is becoming increasingly tortuous, as the debt crisis marries the performance of all assets closer together.

China 2011 inflation to be about 5.5 percent: minister

BEIJING (Reuters) - China's annual inflation in 2011 is likely to be about 5.5 percent and inflationary pressures will remain next year, Commerce Minister Chen Deming said on Monday.

Asian shares jump on hopes of Europe crisis action

TOKYO (Reuters) - Asian shares jumped on Monday on hopes Europe will come up with some concrete steps this week toward activating a crucial euro zone bail-out fund that is crucial to relieving funding stresses on the region's troubled economies.

Annual compensation could fall 30 pct at Wall St firms: report

(Reuters) - Annual compensation for employees at big Wall Street firms could fall 27-30 percent from a year earlier to the lowest level since the 2008 financial crisis, the Wall Street Journal reported, citing a compensation study conducted by the Options Group.

Germany, France examine radical push for eurozone integration

BRUSSELS (Reuters) - Germany and France are exploring radical methods of securing deeper and more rapid fiscal integration among euro zone countries, aware that getting broad backing for the necessary treaty changes may not be possible, officials say.

Three top BSkyB shareholders to vote against Murdoch

LONDON (Reuters) - Three top shareholders in BSkyB will vote against James Murdoch remaining as chairman of the company at its annual general meeting on Tuesday, according to newspaper reports.

Mounting pressure on all EU sovereign ratings: Moody’s

(Reuters) - Moody's Investors Service said on Monday the rapid escalation of the euro zone sovereign and banking crisis is threatening the credit standing of all European sovereigns.

MOF’s Nakao: Japan prepared to help Europe if needed

TOKYO (Reuters) - Japan wants Europe to make efforts to stabilize markets unsettled by the continued euro zone debt crisis and Tokyo is prepared to offer help if needed, Japanese currency tsar Takehiko Nakao said on Monday.

Black Friday online sales jump 26 percent: comScore

(Reuters) - Online retail sales in the United States on the post-Thanksgiving shopping day known as "Black Friday" jumped 26 percent this year, led by Amazon.com Inc, comScore said on Sunday.

An early holiday winner, Best Buy gets it right

NEW YORK (Reuters) - Having the right products at the right price at the right time helped make Best Buy Co Inc one of the early winners in what was a record start for U.S. retailers to the holiday shopping season.

Futures rise in electronic trade on Europe hopes

NEW YORK (Reuters) - U.S. stock futures jumped in early electronic trading on Sunday on the latest round of proposals out of Europe designed to corral the growing euro zone debt crisis.

China keen to invest in Western infrastructure: CIC head

LONDON (Reuters) - China is keen to invest in the ailing infrastructure of Western countries, especially Britain, the chairman and chief executive of the Asian country's sovereign wealth fund wrote in the Financial Times.

Struggling to stay above water

WASHINGTON (Reuters) - The world economy is on a slippery slope. The euro zone appears to have tipped into a mild recession and the rest of the global economy is struggling to hold onto firm ground.

Rio Tinto sees customers turning cautious

MELBOURNE/SYDNEY (Reuters) - Global miner Rio Tinto warned on Monday that further cracks could be emerging in global commodities markets as the economies of Europe and the U.S. waver, with its customers increasingly cautious on the outlook.

Air France recovery plan has two stages: report

PARIS (Reuters) - A recovery plan by Air France to end its losses will have two stages with the first part, to be implemented in January or February, focused on savings to improve cash flows, newspaper La Tribune wrote in article released on Sunday.

Analysis: NYSE stokes Wall St battle for "mom and pop" investors

NEW YORK (Reuters) - The fight for mom and pop's stock orders is getting testy on Wall Street.

Europe bond yields to keep stocks spellbound

NEW YORK (Reuters) - U.S. investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger.

Europe bond yields to keep stocks spellbound

NEW YORK (Reuters) - U.S. investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger.

Glenrock founder likes Hitachi, Gencorp, not Hasbro

(Reuters) - Japanese industrial giant Hitachi could double its earnings in the next couple of years, veteran investor Michael Katz told Barron's.