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  • Weak business spending drags on US growth Thursday, 25 Oct 2012 | 3:24 PM ET

    WASHINGTON-- Companies are holding off on purchases of computers, industrial equipment and other long-lasting manufactured goods, a trend that's slowing the U.S. economy. A fourth straight month of lackluster corporate spending led many economists on Thursday to trim their forecasts for growth in the July-September quarter.

  • *Raises 2012 EPS outlook to $2.50- $2.60 per share. Oct 25- Rising generic drug sales in North America helped push up Mylan Inc's quarterly profit by 35 percent and the drugmaker raised its earnings forecast for 2012, even as it steps up spending on its own drug research.

  • Potash Corp. 3rd-quarter net income falls 22 pct Thursday, 25 Oct 2012 | 11:52 AM ET

    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.

  • PRECIOUS-Gold bounces from 7 week low, eyes Bank of Japan Thursday, 25 Oct 2012 | 10:52 AM ET

    *Eyes on next week's Bank of Japan policy meeting. Spot gold was up 0.8 percent at $1,714.36 an ounce at 1034 GMT, bouncing off Wednesday's seven-week low of $1,698.39, while U.S. gold futures for December delivery were up $14.90 an ounce at $1,716.50.

  • Chinese police offer cash for tips on immolators Thursday, 25 Oct 2012 | 9:19 AM ET

    BEIJING-- Police in a heavily Tibetan region of far west China are offering tipsters a reward of $7,700 for information about planned self-immolations in a bid to stem a tide of fiery protests against Chinese rule.

  • UPDATE 1-Olympics helps Britain leap out of recession Thursday, 25 Oct 2012 | 9:12 AM ET

    LONDON, Oct 25- Britain rebounded strongly from recession in the third quarter, posting its strongest quarterly GDP growth in five years, boosted at least in part by robust Olympics spending, official data showed on Thursday. But it was still much better than expected and may mean Britain's full 2012 economy will not be in the red.

  • BEELAHERI, India, Oct 25,- India is shaking up the way it gets billions of welfare dollars to the poor with a plan that could one day reshape the economy and tackle graft keeping millions in poverty, but in one small town a pilot of the new system is proving unpopular.

  • ZURICH, Oct 25- Credit Suisse will cut an extra 1 billion Swiss francs of costs, including axing more jobs, after its third-quarter net profit more than halved due to losses on the value of its own debt.

  • *Hyundai shares up 3.9 pct after recent battering. Hyundai, which with affiliate Kia Motors is the world's fifth-biggest car maker, said its total shipments rose less than 1 percent in July-September- hit by the industrial action that cost the company lost production of more than 82,000 cars worth $1.5 billion.

  • Gold had risen $8.27 to $1,710.20 an ounce by 0556 GMT. It fell to a 7- week low of around $1,698 on Wednesday soon after the Fed said it was sticking to its plan to keep stimulating growth until the job market improves. ``I think $1,700 is still quite a key support level.

  • India's Kingfisher Airlines employees end strike Thursday, 25 Oct 2012 | 5:54 AM ET

    Kingfisher, once one of India's best airlines, is deep in debt and is battling for a lifeline with India's airline regulator.

  • Ex-Goldman exec's 2-year sentence draws scrutiny Thursday, 25 Oct 2012 | 2:36 AM ET

    Judge Jed Rakoff described the sentence and $5 million fine given to former Goldman Sachs and Procter& Gamble Co. board member Rajat Gupta, 63, on Wednesday as sufficient to deter others and properly punish the Westport, Conn., resident.

  • *China, Taiwan, Australian companies see dismal earnings. That compares to dreary corporate profits in China and others in the Asia-Pacific region, like Australia, that depended heavily on the now weakened buying power of major economies such as China.

  • SEOUL, Oct 25- Hyundai Motor Co drove up sales in France by 40 percent last month and had a record September in the United States, but it has since had nearly $7 billion wiped off its market value as investors query the South Korean automaker's go-slow on expanding capacity.

  • *Boeing shares down 0.3 pct, General Dynamics up 2.3 pct. Lockheed Martin Corp, Boeing Co's defense division and Northrop Grumman Corp reported higher earnings and solid margins despite weakening sales.

  • *Several brokerages raise price targets on Facebook shares. Oct 24- Facebook Inc's shares headed towards their biggest one-day jump on Wednesday after the company reported a surprising rise in mobile advertising, easing concerns it was having trouble capitalizing on soaring use of smartphones and tablets.

  • Oct 24- Chili's Grill& Bar parent Brinker International Inc on Wednesday said a cool-down in sales at established restaurants was stretching into the current quarter, sending its shares down more than 10 percent.

  • Boeing shares up 1 pct, General Dynamics up 3.7 pct. Lockheed Martin Corp, Boeing Co's defense division and Northrop Grumman Corp reported higher earnings and strong margins despite weakening sales, driving their shares higher on the New York Stock Exchange.

  • Ex-Goldman exec given 2 years for inside trades Wednesday, 24 Oct 2012 | 4:16 PM ET

    NEW YORK-- A former Goldman Sachs and Procter& Gamble Co. board member was sentenced to two years in prison Wednesday, culminating a spectacular fall from grace for a man whose good deeds worldwide brought him leniency after he was convicted of feeding inside information about board dealings to a billionaire hedge fund owner who was his friend.

  • Oct 24- Thermo Fisher Scientific raised its full-year forecast for the second time this year as the world's largest laboratory equipment maker benefited from its presence in Asia, even as the weak U.S. and European economies dragged on its competitors.