New Shine on Debt From Italy, Spain

Investors are flocking to Spanish and Italian government debt in a sharp reversal of the risk aversion that pushed yields sharply higher over the summer.

Lilly Sees Growth, Challenges in China

Lilly aims to expand across China amid a rise of chronic illnesses that would propel sales of the company's diabetes, cancer and cardiac drugs, its chairman and chief executive, John Lechleiter, said in an interview.

Euro-Zone Business More Upbeat

The first improvement in euro-zone business confidence since spring suggests companies may hold off from steep cuts to investment spending.

GM Pickups to Have Softer Styling

General Motors plans to steer the styling of its top-selling pickup trucks away from the rugged looks of the past decade when it launches redesigned Chevrolet Silverado and GMC Sierra models next year.

MetroPCS's Profit More Than Doubles

MetroPCS said third-quarter net profit more than doubled as the prepaid wireless-service provider posted higher revenue and saw a $53 million gain from a securities settlement.

Asian Shares Up

Asian markets were higher with investors in Hong Kong reacting to earnings from large Chinese state-owned companies. The Hang Seng rose 0.6%.

Questions Cloud Market Reopening

U.S. stock markets were preparing to open in the wake of Sandy on Wednesday, ending a shutdown that left investors unable to trade for two days and sparked recriminations over whether Wall Street should have been better prepared to handle the impact of such a storm.

Former UBS Trader: 'I Absolutely Lost Control'

Kweku Adoboli, the former UBS AG trader standing trial for fraud and false accounting, acknowledged he lost control of his trading activities in the period that led up to the multibillion-dollar loss at the Swiss bank last year.

Home Prices Climb Across Country

The U.S. housing market continued to gain steam in August, with new data showing that home-price increases accelerated over the month while also spreading to more cities across the country.

Ross Joins News Corp.'s Shine Group

News Corp.'s U.K.-based TV production unit Shine Group named former Walt Disney studio chief Rich Ross to run its Shine America operation.

Apple Shake-Up Signals Cook Era

This week's revamp at Apple demonstrates CEO Tim Cook putting his own stamp on the company's management that still bears the hallmark of its late co-founder.

Ford Results Shows Power of North America

Ford posted quarterly earnings that were largely unchanged from a year earlier as a record $2.3 billion North American pretax profit overcame the auto maker's losses in Europe and Latin America.

Coca-Cola Shifts Sweeteners

Coca-Cola is using more corn-based sweeteners in its products to cut costs and plans to expand its contract-farming portfolio to include commodities such as coffee, tea and fruits.

PBOC Injects $33 Billion Into Money Market

China's central bank pumped a record-high amount of cash into the financial system in an bid to ease a liquidity crunch caused by commercial lenders' surging demand for funds to meet capital requirements.

UBS Moves Quickly on Job Cuts, Revamp

Scores of traders at UBS were locked out of the Swiss bank's London offices as the institution moved quickly to implement the first of thousands of job cuts in a strategic restructuring. Charges tied to the revamp helped push the bank in the red.

Bayer Buys Schiff for $1.2 Billion

German pharmaceutical and chemical company Bayer bolstered its U.S. consumer-health operations with the acquisition of vitamins maker Schiff for about $1.2 billion.

EU Seeks Zinc Remedies for Glencore Deal

The European Commission is concerned that the proposed merger between Glencore International and Xstrata could reduce competition in the European market for refined zinc metal and has requested that Glencore provide remedies by 11:59 p.m. Tuesday if it wishes to keep to its timetable, people familiar with the matter said.

Hitachi in U.K. Nuclear Deal

Hitachi said it will buy British nuclear venture Horizon from German utilities RWE and E.ON for $1.12 billion, continuing its drive into infrastructure and away from consumer electronics.

German Labor Data Disappoint

Germany's robust labor market took another hit in October as the number of jobless claims jumped by twice as much as expected.

Mickey, Darth Vader to Join Forces

Walt Disney agreed to acquire Lucasfilm in a stock and cash deal valued at $4.05 billion, a move that adds the "Star Wars" franchise to the media giant's portfolio and puts Mickey Mouse and Darth Vader under the same roof.