Arc Bike News

AP – The country’s biggest business lobby is challenging in court new government rules that make it easier for shareholders to nominate directors of public companies and to oust sitting directors.

AP – Revenue figures released Wednesday suggest Rupert Murdoch’s Wall Street Journal is gaining ground in its newspaper battle with The New York Times.

AP – Fitness company Nautilus Inc. said Wednesday it received a warning that its shares could be delisted from the New York Stock Exchange if it cannot increase its market capitalization or shareholder equity.

AP – Stocks slipped in muted trading Wednesday as traders held back ahead of corporate earnings announcements, which start to roll in next week. Protests in Europe against austerity measures renewed worries about the region’s finances and helped keep buyers at bay.

AP – QUIET PERIOD: Trading was muted on the stock market Wednesday as investors waited for news from third quarter earnings results, which start to come in next week.

AP – Stocks slipped Wednesday as protests against austerity measures in Europe brought new worries about the region’s financial system. Most sectors fell except for energy, which rose after crude oil prices gained. Trading was relatively subdued with no major economic reports or corporate earnings due out.

Reuters – Wall Street took a breather from a month-long rally on Wednesday, with investors bracing for higher volatility going forward as the best quarter in a year nears its end.

AFP – This month’s mammoth capitalization of Brazil’s Petrobras on the Sao Paulo stock exchange has opened the door to foreign oil companies looking to tap Brazil’s expanding market, the head of the exchange told AFP in an interview.

AP – European and U.S. markets fell Wednesday as labor protests across the EU fueled worries about countries’ ability to cut heavy debt loads, offsetting any optimism about a possible economic boost from the Federal Reserve.

AFP – London stocks closed down on Wednesday despite a late rally triggered by positive US stock futures.