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  • UPDATE 1-P&G to exit Duracell battery business Friday, 24 Oct 2014 | 8:08 AM ET

    Oct 24- Procter& Gamble Co said it would exit its Duracell battery business, likely through a splitoff into a separate company, as it looks to focus on faster-growing brands. The household products maker also said on Friday that it had agreed to sell its interest in a China- based battery joint venture for an undisclosed amount. P&G said in September that it would...

  • Oct 24- European regulators recommended continued use of Ariad Pharmaceuticals Inc's cancer drug Iclusig in its already approved indications to treat certain kinds of leukemia. However, the European Medicines Agency recommended additional warnings in Iclusig's European product information to minimize the risk of vascular events, Ariad said on Friday.

  • Oct 24- Colgate-Palmolive Co reported a 17 percent fall in third-quarter profit, hurt by weak demand in Brazil and China and a stronger U.S. dollar. The company, which controls nearly 45 percent of the global toothpaste market, said net income fell to $542 million, or 59 cents per share, in the quarter ended Sept. 30, from $656 million, or 70 cents per share, a year earlier.

  • Oct 24- Delphi Automotive Plc reported a 12.5 percent rise in quarterly profit as demand for its auto parts rose in Asia and North America. Net income attributable to Delphi rose to $305 million, or $1.02 per share, in the third quarter ended Sept. 30 from $271 million, or 87 cents per share, a year earlier. Excluding items, Delphi earned $1.16 per share.

  • Lear Corp profit up 24 pct as seating sales rises Friday, 24 Oct 2014 | 7:16 AM ET

    Oct 23- Lear Corp, a maker of auto seats and electrical power systems, reported a 24 percent rise in quarterly profit, helped by a rise in global vehicle production. Net income attributable to the company rose to $140.1 million, or $1.72 per share, in the third quarter ended Sept. 27, from $112.8 million, or $1.38 per share, a year earlier. On an adjusted basis, Lear earned...

  • P&G to split off Duracell battery business Friday, 24 Oct 2014 | 7:15 AM ET

    Oct 24- Procter& Gamble Co said it would split off its Duracell battery business into a separate company as it looks to focus on its faster-growing brands. Net income attributable to Procter& Gamble fell to $1.99 billion, or 69 cents per share, in the first quarter ended Sept. 30 from $3.03 billion, or $1.04 per share, a year earlier. The maker of Pampers diapers and Tide...

  • Rapid UK economic growth slows slightly in 3rd quarter. LONDON- Britain's rapid economic recovery eased as expected during the third quarter, as services output growth slowed and manufacturing expanded at the weakest pace in 18 months, official data shows. BRUSSELS- France and Italy make fresh commitments to reform to persuade Germany and the European...

  • BANGALORE, Oct 24- Emerging Asia will contribute less to the global economy in 2015 than was expected just months ago as a slowdown in China drags on growth in the region, partially offset by acceleration in the United States, Reuters polls showed. Estimates for 2015 GDP growth were either cut or left unchanged for nine Asian countries in the latest poll of over 200...

  • *For poll data click on. BEIJING, Oct 24- China's economy is likely to grow at its slowest pace in 24 years this year and will cool further in 2015, weighed down by a cooling property sector and factory overcapacity and as top leaders push structural reforms, a Reuters poll showed. The median estimate from 41 analysts, most of whom are based outside of China, predicts...

  • Speculation over whether the UBS will stay in Stamford has swirled for years as the Swiss bank reorganizes and cuts staff, the Stamford Advocate reported. The Advocate said the building was "officially on the market, further signaling the Swiss banking giant is preparing to pack its bags and leave Stamford in the near future." However Jay Hruska, vice chairman of...

  • Oct 23- Pandora Media Inc, operator of the leading Internet radio service, reported a lower-than-expected increase in listeners in the third quarter, sending the company's shares down 6 percent in extended trading on Thursday. Despite its huge user base, Pandora faces stiff competition from Spotify, Apple Inc's Beats online streaming service, Google Inc, and...

  • Oct 23- Qlik Technologies Inc reported strong third-quarter revenue and forecast full-year revenue largely above analysts' average estimate, helped by higher demand for its business analytics software. The company, which competes with Tableau Software Inc and Splunk Inc, said it expects full-year adjusted profit of 18- 22 cents per share on revenue of $550-...

  • The FDA also asked the company to submit a Risk Evaluation and Mitigation Strategy for the drug, Natpara. The FDA extension follows an 8-5 vote in favor of the drug's approval by an FDA advisory panel in September. The FDA set Jan. 24 as the review date for the drug.

  • Oct 23- Property and casualty insurer Chubb Corp raised its full-year profit forecast on Thursday after a drop in catastrophe losses and higher premium income helped the company report stronger-than-expected third-quarter earnings. Chubb's shares rose about 4 percent in extended trading after closing at $94.26 on the New York Stock Exchange.

  • Fewer-than-expected people tune in to Pandora in Q3 Thursday, 23 Oct 2014 | 4:45 PM ET

    Oct 23- Pandora Media Inc reported a lower-than-expected increase in the number of people tuning in to its Internet radio in the third quarter, sending its shares down 4 percent in extended trading. The company posted an adjusted profit of 9 cents per share, on revenue of $239.6 million. Analysts on average were expecting a profit of 8 cents per share on revenue of...

  • Oct 23- Touchscreen chip maker Synaptics Inc reported lower-than-expected first-quarter revenue and adjusted profit, hurt by weak demand from smartphone makers, sending its shares down 8.5 percent in extended trading. The company, which makes fingerprint ID and touchscreen chips for Samsung Electronics Co Ltd's smartphones, reported an adjusted profit...

  • Oct 23- Network gear maker Juniper Networks Inc reported a 5 percent fall in quarterly revenue, hurt by weak demand from customers such as AT&T Inc and Sprint Corp.. The company's revenue fell to $1.13 billion in the third quarter ended Sept. 30, from $1.19 billion a year earlier. Net income rose to $103.6 million, or 23 cents per share, from $99.1 million, or 19 cents per...

  • Oct 23- Qlik Technologies Inc reported a 26 percent rise in quarterly revenue, helped by demand for its business analytics software and an increase in license and maintenance deals. The company reported a net loss of $14.4 million, or 16 cents per share, in the third quarter ended Sept. 30 from a profit of $3 million, or 3 cents per share, a year earlier as expenses rose...

  • Sears said in August it had closed 96 stores in the six months since February and planned to close a total of 130 underperforming stores during the full fiscal year. Sears spokesman Chris Brathwaite declined to comment on the number of planned closures, saying the company would provide an update when it reports quarterly earnings next month.

  • US tech firm fined for underpaying Indian workers Thursday, 23 Oct 2014 | 2:46 PM ET

    The probe announced this week by the U. S Department of Labor uncovered several egregious violations at Electronics for Imaging Inc., a printing technology specialist that generated revenue of $728 million last year, when the misconduct occurred. Among other things, Electronics for Imaging paid the eight workers far below California's required minimum...