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  • Oct 21- McDonald's Corp reported a 30 percent fall in quarterly profit due to a food scandal in China and tough competition in the United States, and the world's largest restaurant chain said these factors were expected to hurt current-quarter results. McDonald's business in Europe, its biggest market, was hurt by issues in Russia and Germany.

  • UPDATE 1-Kimberly-Clark to cut up to 1,300 jobs Tuesday, 21 Oct 2014 | 9:04 AM ET

    Oct 21- Personal care products maker Kimberly-Clark Corp said it would cut 1,100 to 1,300 jobs as part of a restructuring to contain costs arising from the spinoff of its healthcare business. Kimberly-Clark said it expects the restructuring, to be completed by the end of 2016, to cost $130 to $160 million after-tax and generate pre-tax savings of $120 to $140...

  • Oct 21- Magic Leap Inc, a startup focused on augmented reality technology, said it raised $542 million in a funding round led by Google Inc.. Investors in the latest round included Qualcomm Inc, the world's No.1 mobile phone chipmaker, Andreessen Horowitz, KKR and Legendary Entertainment. Sundar Pichai, senior vice president of Android, Chrome and Apps at Google,...

  • Oct 21- Dish Network has stopped carrying Turner Broadcasting's channels, including CNN, Cartoon Network and Adult Swim, as the companies failed to renew a distribution deal. Turner Broadcasting, a unit of Time Warner Inc, said on Tuesday it worked for months to come to an agreement with Dish and accused the satellite TV company of "operating in a disruptive manner".

  • UPDATE 1-U.S. ad spending boosts Omnicom third quarter Tuesday, 21 Oct 2014 | 8:29 AM ET

    Oct 21- Omnicom Group Inc, the No. 1 U.S. advertising company, reported quarterly revenue and profit above analysts' expectations, boosted by higher ad spending in the United States. Omnicom, whose merger with France's Publicis Groupe SA was aborted in May, said revenue rose 7.4 percent to $3.75 billion in the third quarter while ad revenue rose 12.5 percent.

  • Oct 21- Apollo Education Group Inc reported a 15 percent fall in quarterly revenue as it enrolled fewer students and warned revenue this quarter would be far lower than expected. Apollo forecast revenue of $720 million- $730 million for the first quarter ending Nov. 30, below the average forecast from analysts of $763.7 million, according to Thomson Reuters...

  • Oct 21- Omeros Corp said it suspended enrolment in a mid-stage study testing its experimental Huntington's drug as the company evaluates data from a concurrent trial in rats, sending its shares down 10 percent before the bell. The drug has been well tolerated in all human trials, Omeros said. The U.S. Food and Drug Administration has asked the company to further...

  • McDonald's quarterly profit falls 30 pct Tuesday, 21 Oct 2014 | 8:11 AM ET

    Oct 21- McDonald's Corp reported a 30 percent fall in quarterly profit, hurt by a food scandal in China and intense competition in the United States. The company's net income fell to $1.07 billion, or $1.09 per share, in the third quarter ended Sept. 30 from $1.52 billion, or $1.52 per share, a year earlier. Total revenue at the world's largest restaurant chain fell 4.6...

  • Oct 21- Property and casualty insurer Travelers Cos Inc reported a better-than-expected rise in quarterly operating profit, helped by higher net investment income and a fall in disaster-related losses. Operating earnings of $2.61 per share in the third quarter ended Sept. 30 handily beat the average analyst estimate of $2.27, according to Thomson Reuters...

  • Oct 21- Personal care products maker Kimberly-Clark Corp reported a 3.4 percent rise in quarterly revenue, helped by strong sales in international markets such as Brazil, China, South Africa and Vietnam. The maker of Kleenex tissues and Huggies diapers said net income attributable to the company rose to $562 million, or $1.50 per share, in the quarter ended Sept....

  • Oct 21- U.S. auto dealer Asbury Automotive Group Inc's quarterly profit jumped 43 percent as easier credit for customers helped the company sell more imported cars. Asbury sells new and used cars made by BMW, Mercedes-Benz, Lexus, Honda Motor Co, Nissan Motor Co Ltd and Toyota Motor Corp, among others. Asbury's net profit rose to $32.5 million, or $1.08 per share, in the...

  • Oct 21- U.S. for-profit education provider Apollo Education Group Inc reported a 15 percent fall in quarterly revenue as it enrolled fewer students. Revenue fell to $709.7 million in the quarter ended Aug. 31 from $836.4 million a year earlier. New degreed enrollment at the University of Phoenix, Apollo's flagship school, fell 5.9 percent to 38,600 students.

  • Oct 21- Magic Leap Inc, a startup focused on augmented reality technology, said it raised $542 million in a funding round led by Google Inc, which also attracted investment from Qualcomm Inc, the world's No. 1 mobile phone chipmaker. Magic Leap said it would use the funds for product development and marketing of its mobile wearable system, among other things.

  • Oct 21- Omnicom Group Inc, the No. 1 U.S. advertising company, reported a 7.4 percent rise in quarterly revenue, boosted by higher ad spending by businesses in North America. Revenue rose to $3.75 billion in the third quarter ended Sept. 30 from $3.49 billion a year earlier. Net income available for common shareholders rose to $239.5 million, or 95 cents per share, from...

  • Asbury Automotive profit jumps 43 pct Tuesday, 21 Oct 2014 | 6:53 AM ET

    Oct 21- U.S. auto dealer Asbury Automotive Group Inc reported a 43 percent jump in quarterly profit as it sold more vehicles amid easier availability of credit. Net profit rose to $32.5 million, or $1.08 per share, in the third quarter ended Sept. 30 from $22.7 million, or 73 cents per share, a year earlier. Revenue rose 8 percent to $1.51 billion.

  • Oct 20- Online book retailer Amazon.com Inc said on Monday it has signed a multiyear deal with Simon& Schuster Inc, the second Big-Five book publisher, on the future price of e-books. Amazon, which had been in talks with Simon& Schuster since July over pricing, confirmed the deal first reported by the Business Insider news blog that the two had reached an agreement.

  • Oct 20- Generic drugmaker Actavis Plc and France's Sanofi SA are among the suitors for privately held Omega Pharma NV, Bloomberg reported, citing people familiar with the matter. Other bidders for the Belgian consumer healthcare company include Perrigo Co and private German drugmaker Boehringer Ingelheim GmBH, the sources told Bloomberg.

  • Oct 20- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell nearly 7 percent to a three-year low, a blow for legendary investor Warren Buffett whose Berkshire...

  • Oct 20- Amazon.com Inc signed a multi-year deal with Simon& Schuster Inc, the second major Big Five book publisher it has been negotiating with on the price of e-books, Business Insider reported, citing a source with knowledge of the situation. Online book retailer Amazon had been in talks with Simon& Schuster since July over pricing. Amazon had been locked in a war...

  • Oct 20- BioMerieux SA is working with U.S. health regulators to determine if its test to screen for bio threats could be used to detect the Ebola virus, spokeswoman Suzanne Jones said. Since the system was solely developed for environmental surveillance, it is necessary for BioMerieux to show the U.S. Food and Drug Administration evidence that the test could be...