JetBlue Airways said it began direct charter flights between New York and Havana on Friday.» Read More
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.
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its third-quarter results Monday, which should give investors another snapshot on the chain's efforts to refresh its outdated image in the U.S. while expanding overseas.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.
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.
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..
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.
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."
*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.
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.
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 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.
*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.
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.
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.
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.
Accusations against the Miami Republican include receiving income from Southwest Florida Enterprises Inc., a company involved with Flagler Dog Track in Miami, that he knew or should have known was given to influence his vote or official action and using campaign funds for non-campaign expenses.
NEW YORK-- Prescription drug distributor McKesson Corp. is expanding its medical supplies business by buying PSS World Medical Inc. for about $1.46 billion. McKesson said Thursday it will pay $29 per share for PSS World, a 34.3 percent premium over Wednesday's closing price.
DETROIT-- AutoNation Inc., the country's largest auto dealership chain, said Thursday that its third-quarter net income rose more than 15 percent as it benefited from the continued rebound in U.S. new-car sales. The Fort Lauderdale, Fla., company said it earned $81.6 million, or 66 cents per share, in the quarter ended Sept. 30.
*Makes landfall southwest of Santiago de Cuba. *Storm to cross Cuba in several hours, headed to Bahamas. HAVANA, Oct 25- Hurricane Sandy, strengthening rapidly after crossing the warm Caribbean Sea, slammed into southeastern Cuba early on Thursday with 110 mph winds that cut power and blew over trees across the city of Santiago de Cuba.
The most pressing economic issue facing Washington _ whether President Barack Obama or Republican Mitt Romney wins _ is a looming deadline for across-the-board spending cuts and tax increases. Some $100 billion will be sliced from federal budgets and taxes will rise by $400 billion if the government goes over the so-called "fiscal cliff" in early January.
*$3 billion bid tops offer from Nationstar Mortgage Holdings. Oct 24- Ocwen Financial Corp and Walter Investment Management Corp on Wednesday prevailed in a bankruptcy auction for Residential Capital LLC's mortgage business with a $3 billion bid that topped rival Nationstar Mortgage Holdings Inc..