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Asia Top News and Analysis China

  • Sees' 12 EPS $2.91- $2.96/ shr; Prior view was $2.95- $3.05/ shr. Oct 25- Mead Johnson Nutrition Co reported quarterly profit slightly below analysts' expectations and cut its full-year outlook, hurt by a slowdown in China, sending shares about 4 percent lower in premarket trading.

  • WASHINGTON, Oct 25- A gauge of planned U.S. business spending was flat in September, a sign that heightened uncertainty is weighing on factories although new orders for long-lasting manufactured goods increased during the month.

  • *McKesson to acquire PSS World Medical. *Procter& Gamble climbs after results. NEW YORK, Oct 25- U.S. stocks were poised for a higher open on Thursday, indicating the S&P 500 may rebound from its worst five-day slide in five months, on optimism the economies of both the U.S. and China may be recovering.

  • China’s economy could be seriously impacted by four serious issues, Nathan Sandler of ICE Canyon said Thursday on CNBC.

  • Sandler: Problem With China ...

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  • 4 Warning Signs From China: Nathan Sandler

    China's economy could be seriously impacted by four issues, says Nathan Sandler of ICE Canyon.

  • Oct 25- Mead Johnson Nutrition Co reported lower quarterly profit on Thursday and cut its full-year outlook, hurt by a slowdown in China. The maker of Enfamil baby formula said it now expected 2012 earnings of $2.91 to $2.96 per share, down from its prior forecast of $2.95 to $3.05.

  • NEW YORK-- GETTING THE GATE AT COLGATE: Colgate-Palmolive will cut more than 2,310 workers, or 6 percent of its workforce, by the end of 2016. Colgate, which is based in New York and has 38,600 employees, wants to streamline global functions.

  • *Dollar hits 4- mnth high v yen, euro claws back to $1.30. LONDON, Oct 25- Global shares and commodity markets rose on Thursday, pulled out of their recent slide by encouraging data from Britain and China and the U.S.

  • *Dollar hits 4- mnth high v yen, euro claws back to $1.30. LONDON, Oct 25- Global shares and commodity markets rose on Thursday, pulled out of their recent slide by encouraging data from Britain and China and the U.S.

  • LONDON, Oct 25- Yield-hungry pension funds and sovereign wealth funds are stepping in where crisis-hit, regulation-laden banks are pulling back: lending to cash-starved businesses.

  • Potash Corp. of Saskatchewan Inc. said Thursday that its net income fell 22 percent on a drop in overseas sales. The Canadian fertilizer maker earned $645 million, or 74 cents per share, down from $826 million, or 94 cents per share, in the same quarter last year.

  • Oct 25- Mead Johnson Nutrition Co reported lower quarterly profit on Thursday, hurt by a slowdown in China. The maker of Enfamil baby formula reported net income of $140.3 million, or 69 cents per share, in the quarter, down from $144.7 million, or 70 cents per share, a year earlier.

  • NEW YORK-- The cosmetics company Revlon Inc. reported a loss for the third-quarter as restructuring and litigation charges more than offset the impact of a 3 percent rise in revenue. Revlon, whose brands include Almay, Mitchum and its namesake, said that it lost $15 million, or 29 cents per share in the three-month period ended Sept. 30.

  • NEW YORK-- Procter& Gamble's fiscal first quarter net income fell 7 percent on a stronger dollar and costs related to restructuring, but its results beat Wall Street expectations in a sign that a turnaround plan that it started in the spring is beginning to work.

  • *UK Q3 GDP beats expectations; outlook good for China factories. *WPP, Daimler, France Telecom fall on earnings. LONDON, Oct 25- European shares rose on Thursday after China said factory output was set to accelerate and Britain's economy grew faster than expected in the third quarter.

  • NEW YORK, Oct 25- U.S. stock index futures rose on Thursday, indicating the S&P 500 may rebound from its worst five-day slide in five months, on optimism China's economy may be recovering and ahead of a flurry of economic data and corporate earnings.

  • *Shares in Hong Kong more than halved this year. HONG KONG, Oct 25- ZTE Corp, the world's fourth-biggest maker of mobile phones and fifth-ranked telecommunications equipment manufacturer, reported a $310 million quarterly net loss, its first since listing in Hong Kong in 2004, on shredded margins, project delays and accounting changes in China.

  • Oct 25- Canadian oil and gas producer Nexen Inc said it still expects a $15.1 billion takeover bid by China's CNOOC Ltd to close in the current quarter. Ottawa has promised to release a set of clear guidelines for large foreign investments when it announces its decision on the CNOOC takeover bid around Nov. 11.

  • CALGARY, Alberta-- Canadian oil and gas producer Nexen says it continues to expect the $15.1 billion takeover of the company by Chinese state-owned CNOOC to be completed by the end of the year. It would be China's biggest overseas energy acquisition.