European shares rise to trade near 1-year highs

European shares drifted higher on Wednesday to trade near one-year highs, boosted by banks and oils, with investors awaiting more corporate results from companies such as Morgan Stanley and Boeing. The FTSEurofirst

New $259 e-reader challenges Kindle

Barnes & Noble Inc unveiled its electronic reader in a challenge to Amazon.com Inc's Kindle, featuring a color screen and the same $259 price, ahead of the key holiday shopping season. The

Oil briefly tops $80, gold in sight of record

Oil briefly topped $80 per barrel to hit its highest since October 2008, while gold neared record highs scored last week as a retreating dollar and anticipation of increased demand enticed investors.

Caterpillar, Apple profits push futures higher

U.S. stock index futures rose on Tuesday after strong quarterly results from bellwethers Apple and Caterpillar pointed to a solid earnings season. Apple Inc's (AAPL.O) profits and sales streaked past Wall Street

Caterpillar beats estimates, raises forecast

Machinery maker Caterpillar Inc (CAT.N) posted stronger-than-expected quarterly earnings on Tuesday and raised its full-year forecast, saying it was seeing signs that a recovery may be under way. The news sent Caterpillar

Pfizer third-quarter profit rises

Pfizer Inc reported higher third-quarter profit as aggressive cost-cutting helped offset the negative foreign exchange impact and declining sales of drugs, including those facing competition from cheaper generics. Despite slow growth of

US September producer prices drop on energy

U.S. producer prices dropped an unexpected 0.6 percent in September, mainly because of a 2.4 percent decline in energy prices, the Labor Department said on Tuesday. Analysts polled by Reuters had anticipated