New housing data show the consumer environment is still healthy, investment pros tell CNBC.» Read More
ATLANTA-- Coca-Cola Enterprises Inc. reported a drop in its third-quarter profit and revenue Thursday as the bottling company struggled with the weak economy in Europe and the drag of currency translations.
*$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..
ATLANTA-- Equifax Inc., which collects and sells consumer credit information, said Wednesday that its profit grew 17 percent in the third quarter, aided by stronger revenue in its consumer-information business. Excluding the impact of acquisition-related expenses, Equifax's earnings amounted to 75 cents per share.
Delta Air Lines reported a billion-dollar third-quarter profit and said demand is holding up well. The world's second-largest airline posted net income of $1.05 billion, or $1.23 per share, compared with $549 million, or 65 cents, a year earlier. And Southwest is still integrating AirTran _ 17 months after buying the company.
The suit, filed Wednesday by the top federal prosecutor in Manhattan, also underscored how Bank of America's purchase of Countrywide in July 2008, just before the financial crisis, backfired severely. He also charged that Bank of America has resisted buying back soured mortgages from Fannie Mae and Freddie Mac, which bought loans from Countrywide.
NEW YORK-- Ally Financial Inc.' s mortgage lending and servicing subsidiary has given preliminary approval to a $3 billion buyout offer from a unit of Ocwen Financial Corp..
*New home sales touch highest rate since April 2010. WASHINGTON, Oct 24- New U.S. single-family home sales surged in September to their highest level in nearly 2-1/ 2 years, further evidence the housing market recovery is gaining steam.
OMAHA, Neb.-- The Rural Media Group has purchased another cable network to expand its programming into more markets. Rural Media produces RFD-TV and Rural TV with rural-themed programming. The deal gives the company access to several major markets, including New York, Chicago, Atlanta, Dallas and Los Angeles.
ATLANTA-- Oilfield-services provider RPC Inc. said Wednesday that third-quarter earnings fell 21 percent and revenue declined on lower natural gas prices. Net income in the quarter was $66 million, or 30 cents per share, compared with $83.1 million, or 38 cents per share, a year earlier.
ATLANTA-- An expert panel is urging every expecting mother to get a shot preventing whooping cough, preferably in the last three months of her pregnancy to help protect her baby. The advice follows a frightening resurgence of the dreaded childhood disease.
JACKSON, Miss.-- A settlement conference is scheduled Thursday in a federal lawsuit brought by a man who was injured in an explosion at an International Paper Co. mill in Mississippi in 2008.. The lawsuit claims International Paper recklessly ignited the boiler when it was filled with combustible gas.
ATLANTA-- The U.S. Nuclear Regulatory Commission has given a Georgia utility permission to change the design of a nuclear power plant under construction, resolving a conflict over the installation of metal bars.
*Macitentan the big hope as Tracleer nears patent expiry. ZURICH, Oct 24- A new lung and heart drug from Actelion prolonged overall survival by more than a third in a clinical trial, reassuring Europe's leading biotech company that it has a viable successor to its current top seller.
Oct 23- A federal appeals court on Tuesday reinstated a $9.2 million securities arbitration ruling against Morgan Keegan& Co stemming from a group of bond funds that became the subject of a civil fraud action by regulators.
COLUMBUS, Ga.-- Insurance company Aflac Inc. said Tuesday its third-quarter profit jumped nearly 36 percent as it reaped gains on investments and benefitted from a lower effective tax rate. Aflac reported net income of $1.02 billion, or $2.16 per share, in the July-September quarter, up from $736 million, or $1.57 per share, in the third quarter of 2011..
FRANKFURT, Oct 23- German drugmaker Bayer said its experimental riociguat pill could become the first treatment option for some patients suffering from a life-threatening form of high blood pressure in the lungs.
*Asbury plans to repurchase $25 M- $30 M of stock per year. Oct 23- U.S. auto dealership groups Sonic Automotive Inc and Asbury Automotive Group Inc posted higher third-quarter adjusted earnings as vehicle sales rose and costs stayed about flat.
In a story about athletes and corporate endorsements, The Associated Press erroneously described an endorsement by Gabrielle Douglas, the Olympic gymnast. Nike forgave Tiger Woods after he apologized for cheating on his wife.
BUCKLED UP: Federal safety officials are investigating complaints that children have been trapped in Graco car seats because the buckles won't unlatch. THE DETAILS: The probe covers My Ride and Nautilus car seats from 2009 through 2011 made by Graco Children's Products Inc. of Atlanta, the National Highway Traffic Safety Administration said Friday.