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  • Oct 24- Procter& Gamble Co on Friday said it would sell its Duracell battery business, probably through a split-off into a separate company, as it looks to focus on faster-growing brands. On a conference call, Chief Financial Officer John Moeller said the company had sold or discontinued 11 brands in the latest quarter and 25 in the last five quarters.

  • SunCoke reports 3Q loss Friday, 24 Oct 2014 | 8:12 AM ET

    LISLE, Ill. _ SunCoke Energy Inc. on Friday reported a loss of $3.6 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • 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...

  • Ventas reports 3Q results Friday, 24 Oct 2014 | 7:42 AM ET

    CHICAGO _ Ventas Inc. on Friday reported a key measure of profitability in its third quarter. The Chicago- based real estate investment trust said it had funds from operations of $332.8 million, or $1.12 per share, in the period. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of $1.11 per share.

  • 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...

  • Oct 23- A Chicago federal judge on Thursday rejected Northrop Grumman Corp's bid to dismiss a lawsuit by a former employee who accused the defense contractor of defrauding the U.S. government in performing a contract to develop a missile defense system for commercial aircraft. District Judge Manish Shah said the employee, Illinois resident Leo Danielides,...

  • Calamos Asset Management posts 3Q profit Thursday, 23 Oct 2014 | 7:18 PM ET

    NAPERVILLE, Ill. _ Calamos Asset Management Inc. on Thursday reported net income of $3.4 million in its third quarter. The Naperville, Illinois- based company said it had profit of 18 cents per share. Calamos Asset Management shares have risen slightly since the beginning of the year.

  • Hub Group misses Street 3Q forecasts Thursday, 23 Oct 2014 | 6:42 PM ET

    LOMBARD, Ill. _ Hub Group Inc. on Thursday reported third-quarter earnings of $4.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. Analysts expected $923.8 million, according to Zacks.

  • Sears refutes store-closing report Thursday, 23 Oct 2014 | 6:34 PM ET

    NEW YORK— Sears Holdings Corp. discredited a report Thursday that says it will be shuttering 116 Sears and Kmart stores, resulting in the layoffs of more than 6,000 workers. Broken down, closures include 55 Kmart stores, 30 Sears stores and 31 Sears Auto Center locations, according Seeking Alpha, citing liquidation sale notices. In an email sent to The Associated...

  • Echo Global Logistics tops Street 3Q forecasts Thursday, 23 Oct 2014 | 5:24 PM ET

    CHICAGO _ Echo Global Logistics Inc. on Thursday reported third-quarter earnings of $5.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Echo Global Logistics expects full-year revenue in the range of $1.16 billion to $1.18 billion.

  • Alcoa sells stake in South Carolina smelter Thursday, 23 Oct 2014 | 4:50 PM ET

    Alcoa is selling its stake in a South Carolina aluminum smelter to Century Aluminum Co. for $67.5 million. New York- based Alcoa said in a statement that while Mt. Chicago- based Century Aluminum said Thursday that buying Alcoa's 50.3 percent stake makes it the full owner of the smelter.

  • DeVry tops Street 1Q forecasts Thursday, 23 Oct 2014 | 4:48 PM ET

    DOWNERS GROVE, Ill. _ DeVry Education Group Inc. on Thursday reported profit of $20.4 million in its fiscal first quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. Analysts expected $455.4 million, according to Zacks.

  • Stericycle tops Street 3Q forecasts Thursday, 23 Oct 2014 | 4:45 PM ET

    LAKE FOREST, Ill. _ Stericycle Inc. on Thursday reported third-quarter net income of $82.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share. Analysts expected $663.3 million, according to Zacks.

  • They are also profitable: In the third quarter, BlackRock Inc, the biggest provider of the funds, made $850 million in fees from its iShares ETFs, 30 percent of the $2.8 billion in revenue it reported. Last week, Janus Capital Group announced the acquisition of exchange-traded fund provider VelocityShares and Reuters exclusively reported last week that Goldman...

  • 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.

  • Oct 23- Caterpillar Inc shares jumped more than 5 percent on Thursday after it reported a stronger-than-expected quarterly profit and raised its 2014 outlook, citing strong demand from the North American energy and construction industries. Since then, Caterpillar has focused on cutting production costs and boosting margins, a process that has involved...

  • Oct 23- GrubHub Inc reported a more than five-fold jump in quarterly profit as more people used the online food-order-and-delivery company to order takeout meals. GrubHub, which delivers everything from expensive steaks to bento boxes, receives a commission from restaurants on orders booked through its website and mobile application.

  • CALGARY, Alberta, Oct 23- Cenovus Energy Inc, Canada's No. 2 independent oil producer, said on Thursday it is mulling the future of its royalty-generating freehold oil and gas properties in Western Canada after competitor Encana Corp raised billions through the sale of similar properties. The popularity of Encana's offering has spurred other producers,...

  • The lawsuit, filed in the U.S. Court of Appeals for the Ninth Circuit in California, argues that the Environmental Protection Agency did not adequately analyze the impact of one of the new herbicide's active ingredients, 2,4- D, before granting approval on Oct. 15 to Dow's Enlist Duo herbicide. "They did not do an adequate job," said Andrew Kimbrell, an attorney with...

  • Oct 23- Several U.S. airlines reported strong third-quarter profits on Thursday, helped by falling fuel costs, with many topping Wall Street's earnings per share estimates. The exception was United Airlines which fell 1.4 percent after it projected unit revenue for the current quarter below Wall Street's expectations. However, the Chicago- based carrier as...