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Top News & Analysis Florida

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  • *At least three storm-related deaths in Jamaica, Haiti and Cuba. HAVANA, Oct 25- Hurricane Sandy swelled into a serious threat to much of the U.S. East Coast on Thursday after hammering Cuba's second-largest city and taking aim at the Bahamas, U.S. forecasters said.

  • *McKesson reports Q2 adj EPS $1.92 vs est $1.78. Oct 25- U.S. drug wholesaler McKesson Corp struck a deal to buy medical products distributor PSS World Medical for $1.46 billion to boost scale and margins in its surgical devices supply business as medical procedure volumes fall.

  • *Landfall anywhere from mid-Atlantic to Canada. Oct 25- As Hurricane Sandy makes its way toward the eastern seaboard of the United States, disaster experts and meteorologists warn that the mid-Atlantic and Northeastern states face dangerous winds and heavy rains that could trigger flooding in the coming days.

  • Forecasters warn East Coast about `Frankenstorm' Thursday, 25 Oct 2012 | 5:13 PM ET

    WASHINGTON-- All the spare parts appear to be coming together to create what forecasters are calling "Frankenstorm," a monster combination of high wind, heavy rain, extreme tides and maybe snow that could cause havoc along the East Coast just before Halloween next week. Hurricane Sandy, having blown through Haiti and Cuba on Thursday, continues to barrel north.

  • *At least three storm-related deaths in Jamaica, Haiti and Cuba. HAVANA, Oct 25- Hurricane Sandy grew into a major potential threat to the east coast of the United States on Thursday after hammering Cuba's second-largest city and taking aim at the Bahamas, U.S. forecasters said.

  • American Campus to buy 19 properties Thursday, 25 Oct 2012 | 4:57 PM ET

    AUSTIN, Texas-- American Campus Communities Inc. said Thursday that it will buy 19 student housing properties across the country from Kanye Anderson Capital Advisors LP in a deal worth roughly $862.8 million. American Campus Communities, based in Austin, Texas, is a real estate investment trust with a portfolio of 169 properties across the country.

  • Money market fund assets rose to $2.569 trillion Thursday, 25 Oct 2012 | 4:54 PM ET

    NEW YORK-- Total U.S. money market mutual fund assets rose $940 million to $2.569 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets of the nation's retail money market mutual funds fell $1.55 billion to $884.37 billion, the Washington- based mutual fund trade group said Thursday.

  • Earnings Preview: Burger King releasing 3Q results Thursday, 25 Oct 2012 | 4:33 PM ET

    NEW YORK-- Burger King Worldwide Inc. reports its third-quarter results Monday, which should give investors another snapshot on the chain's efforts to refresh its outdated image in the U.S. while expanding overseas. In April, Burger King unveiled its biggest ever menu revamp, along with a star-studded advertising campaign.

  • ADT talks with shareholder spur stock surge Thursday, 25 Oct 2012 | 4:21 PM ET

    BOCA RATON, Fla.-- ADT Corp., the home monitoring business spun off recently by Tyco International Ltd., said Thursday it has held "constructive" talks with activist shareholder Corvex Management LP. Corvex, founded by Keith Meister, an associate of activist investor Carl Icahn, has taken a 5 percent stake in ADT, which is based in Boca Raton.

  • Roper Industries posts 6 pct gain in 3Q earnings Thursday, 25 Oct 2012 | 4:02 PM ET

    SARASOTA, Fla.-- Roper Industries Inc., a medical and industrial equipment maker, said Thursday its third-quarter profit rose 6 percent on stronger sales in three of its four business units. Net earnings for the three months ended Sept. 30 were $117 million, or $1.19 per share, up from $110.3 million, or $1.15 per share, in the third quarter of 2011..

  • Networks, AP changing exit poll strategy Thursday, 25 Oct 2012 | 2:14 PM ET

    NEW YORK-- A growth in early voting and tough economy for the media are forcing changes to the exit poll system that television networks and The Associated Press depend upon to deliver the story on Election Night, all with the pressure-filled backdrop of a tight presidential race.

  • Could events beyond campaign control jolt race? Thursday, 25 Oct 2012 | 1:53 PM ET

    ST. PAUL, Minn.-- An election-eve terrorist strike. Democratic President Barack Obama and Republican rival Mitt Romney are on guard for anything that could push the presidential race from its taut course. They've got a plan and they are now going to execute it, "said Carter Eskew, a top strategist for Democrat Al Gore during a 2000 campaign that came up just short."

  • UPDATE 1-Landstar Q3 profit rises, but outlook cautious Thursday, 25 Oct 2012 | 1:03 PM ET

    *Q3 EPS 71 cents vs 69 cents Wall Street view. *Landstar sees Q4 EPS 63- 68 cents vs 71 cents Wall St view. The company forecast fourth-quarter profit between 63 cents and 68 cents per share, below the average Wall Street target of 71 cents.

  • Rayonier 3Q profit falls but tops Street's view Thursday, 25 Oct 2012 | 11:08 AM ET

    JACKSONVILLE, Fla.-- Rayonier said Thursday that its third-quarter net income dropped 23 percent, pulled down by an interest tax expense while the year-ago period included a tax gain. The forest products company earned $80.6 million, or 62 cents per share, compared with $104.9 million, or 71 cents per share, during the same period a year ago.

  • Royal Caribbean shares at 15-month high on outlook Thursday, 25 Oct 2012 | 10:39 AM ET

    NEW YORK-- Shares of Royal Caribbean Cruises Ltd. hit a 15- month high Thursday after it reported third-quarter earnings that topped Wall Street's expectations. The Miami company earned $367.8 million, or $1.68 per share, compared with $399 million, or $1.82 per share, a year earlier. Royal Caribbean said it saw strong last-minute bookings and the third quarter.

  • AutoNation CEO: Car sales recovery will continue Thursday, 25 Oct 2012 | 10:14 AM ET

    AutoNation Inc. CEO Mike Jackson said people who held onto their cars through the Great Recession in 2008 and 2009 now have to make a choice between sinking thousands into repairing old vehicles or buying new ones.

  • UPDATE 1-Strengthening Hurricane Sandy slams into Cuba Thursday, 25 Oct 2012 | 9:34 AM ET

    *Makes landfall southwest of Santiago de Cuba. HAVANA, Oct 25- Hurricane Sandy, strengthening rapidly after crossing the warm Caribbean Sea, slammed into southeastern Cuba early on Thursday with 105 mph winds that cut power and blew over trees across the city of Santiago de Cuba.

  • How states fared on applications for jobless aid Thursday, 25 Oct 2012 | 9:32 AM ET

    California: Up 26,935, due to layoffs in all sectors, particularly the service industry. Florida: Up 3,947, due to layoffs in agriculture, construction, manufacturing, retail and services. Ohio: Up 1,936, due to layoffs in transportation and manufacturing.

  • Big jump in young adults moving out of state Thursday, 25 Oct 2012 | 9:20 AM ET

    The latest numbers show that young adults 25-29 are the primary out-of-state movers; they had the biggest gain in 13 years as they struck out on their own to test the job market in urban, high-tech meccas such as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.

  • Ball Corp. 3Q profit falls on plant closure costs Thursday, 25 Oct 2012 | 8:15 AM ET

    Can maker Ball Corp. said Thursday that its third-quarter net income fell 13 percent, hurt mainly by hefty costs related to the shutdown of plants in Ohio and Florida. Ball announced plans to shut down the plants in Ohio and Florida in August, part of a plan to consolidate its beverage can manufacturing business.