Business News Headlines

Stock index futures signal slight gains

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PARIS - Stock index futures pointed to a slightly higher open on Wall Street on Tuesday, with futures for the S&P; 500 up 0.12 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures up 0.05 percent at 0750 GMT.

4:08am EDT

Europe must take "deep breath" and enact reforms: Merkel

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BERLIN - 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.

7:20am EDT

Google starts Nexus 7 tablet, content sales in Japan

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TOKYO - Google Inc launched its Nexus 7 tablet in Japan, as well as local language movies and books, in what has rapidly become one of its biggest global markets for digital downloads.

Tech, Japan, Media, iPad 4:32am EDT

Greece says bailout extension would cost 13-15 billion euros

ATHENS - Greece would need an additional 13-15 billion euros to finance a two-year extension to meet its budget targets but is confident of bridging that gap without burdening European taxpayers, Finance Minister Yannis Stournaras told Reuters on Tuesday.

6:58am EDT

Analysis: As worst euro fears fade, U.S. fiscal cliff looms

LONDON - The euro zone has stepped back from the brink of disaster for now, but the global economy could soon be staring into another abyss if U.S. politicians fail to head off $600 billion in automatic austerity that all but guarantees a new recession.

6:00am EDT

Toys R Us to hire 45,000 seasonal employees across U.S.

- Toys R Us Inc said it will hire 45,000 seasonal employees across the United States to cope with the upcoming holiday season.

5:28am EDT

Poland says may cut stake in miner JSW to 34 percent

WARSAW - Poland could cut its stake in the European Union's largest coking coal miner, JSW , to a little more than a third without losing control of the group, its deputy treasury minister said on Tuesday, signaling a looming stake sale.

6:34am EDT

Growth worries, Spanish concerns check euro, share gains

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LONDON - Uncertainty over Spain's next move to tackle its funding problems and renewed worries about the global growth outlook capped moves in shares and the euro on Tuesday.

5:55am EDT

Nasdaq strikes cloud deal with Amazon to cut clients' data costs

LONDON - Nasdaq OMX on Tuesday launched a cloud computing platform built by Amazon Web Services which it said would allow its trading clients to cut the cost of storing financial data.

6:28am EDT

Coal of Africa down nearly 18 percent as workers strike

JOHANNESBURG - Johannesburg-listed shares of Coal of Africa plummeted nearly 18 percent in Johannesburg after the company confirmed some of its staff at the Mooiplaats Colliery started a legal strike on Tuesday.

6:39am EDT

Politics Video

Romney on the offensive over foreign policy

Romney on the offensive over foreign policy

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Front Row Washington

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“Outside” spending for 2012 election already beats 2010

There are still six weeks before Election Day on Nov. 6, but outside spending by Super PACs and other outside groups has already hit $465 million, more than the $454 million for the entire 2010 campaign season, with Republican-aligned groups spending well over twice as much as those backing Democrats.

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