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MAUMEE, Ohio-- Auto parts maker Dana Holding Corp. said Friday that its third-quarter net income sank by more than half, hurt by soft demand from North American commercial vehicle makers and South America.
ST. LOUIS-- Arch Coal Inc. said Friday that cost-control efforts helped boost its third-quarter results well above Wall Street expectations. Adjusted income was 20 cents per share, compared with a loss of 15 cents on revenue of $1.02 billion, according to FactSet.
LONDON-- Cynthia Carroll will step down as chief executive of mining company Anglo American PLC after almost six years in the job, the company announced Friday.
TROY, Mich.-- Delphi Automotive has completed its acquisition of FCI Group's motorized vehicles unit for 765 million euros. It is owned by affiliates of Bain Capital.
WASHINGTON-- The U.S. economy grew at a slightly faster 2 percent annual rate from July through September, buoyed by more spending by consumers and the federal government. Growth accelerated from the 1.3 percent rate in the April-June quarter, the Commerce Department said Friday.
LONDON, Oct 26- Anglo American's Chief Executive Cynthia Carroll stepped down on Friday after more than five years in the job, under increased pressure from investors over the miner's lagging share price and continued dependence on troubled South Africa.
LONDON, Oct 26- The yen recovered after hitting a four-month low against the dollar on Friday, but was still on track for a second week of losses as investors braced for the Bank of Japan to ease policy next week. The dollar was down 0.5 percent at 79.95 yen after earlier hitting 80.38 yen.
NEW YORK-- The ratings agency Moody's Corp. on Friday reported big gains in profit and revenue for the third quarter, as it increased business across the world, benefited from a stronger corporate debt market and made use of two companies that it bought last year.
*Hurricane Sandy threatens U.S. after slamming Cuba. LONDON, Oct 26- Oil fell on Friday to around $108 a barrel and was heading for its second weekly drop, pressured by expectations U.S. economic growth will not be strong enough to bolster the demand outlook and by Europe's debt crisis.
The auto supplier earned $121.4 million, or $1.23 per share, up from $100.7 million, or 95 cents per share, in the same quarter last year. Global vehicle production rose 2 percent during the quarter, Lear said, with automakers building more vehicles in every major global market, save for Europe.
MADRID, Oct 26- One in four Spanish workers were without a job in the third quarter of this year, a record high, and further layoffs are likely to follow next year as more of the country's 60 billion euro programme of budget austerity kicks in.
LONDON, Oct 26- European equity markets eased on Friday, weighed down by a fresh batch of gloomy corporate outlooks with demand for everything from cars to building materials hit by the euro zone crisis.
LONDON, Oct 26- European shares opened lower following a weak session in Asia as lacklustre earnings from tech giant Apple undermined confidence ahead of American growth data due later on Friday.
PARIS, Oct 26- Europe's pregnant pigs will be happier next year but pork eaters will pay more and some breeders will go out of business as new porcine welfare rules compound the spiraling cost of the cereals for animal feed.
DETROIT-- Shares of Goodyear Tire& Rubber Co. fell more than 10 percent on Friday as the company's third-quarter net income and revenue dropped on lower tire sales in Europe. The Akron, Ohio, company's results fell short of Wall Street's expectations as problems in Europe offset cost cuts and profits in North America.
SINGAPORE, Oct 26- Brent futures fell more than $1 on Friday to slip below $108 a barrel, as investors waited for key U.S. economic data to gauge the demand growth outlook for oil, with rising supplies weighing on prices. Brent crude had slipped as low as $107.40 a barrel and traded at $107.67 by 0648 GMT. U.S. oil slipped 76 cents to $85.29, after ending up 32 cents.
LONDON, Oct 26- European equity markets eased on Friday, weighed down by a fresh batch of gloomy corporate outlooks as demand for everything from cars to building materials is crippled by the euro zone economic crisis.
TOKYO/ SYDNEY, Oct 26- The yen steadied in Asian trading after hitting a four-month low against the dollar early Friday, but it was still on track for a second week of losses as markets geared up for the Bank of Japan to ease policy next week. The dollar was down about 0.4 percent at 79.99 yen after rising as high as 80.38 yen early in the session.
TOKYO, Oct 26- Japan's Nikkei share average was knocked off a four-week high on Friday on concern that Chinese funds face heavy redemptions after a poor quarterly performance, and as disappointing earnings from Fanuc Ltd dragged.
Both firms reported losses after the market close on Thursday, contributing to a sour trading session in Asia. The downbeat mood carried over to Europe and is likely to dominate when Wall Street opens later.