MINNEAPOLIS _ Graco Inc. on Monday reported fourth-quarter net income of $49 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share. Graco shares have dropped roughly 4 percent since the beginning of the year.» Read More
Oct 1- Honda Motor Co Ltd:. *Honda Canada-voluntary recall of about 29,947 Honda accord v6 sedans to. replace power steering feed hose in Canada.
CHICAGO, October 01 Fitch Ratings has affirmed the ratings of HCC Insurance Holdings, Inc., including the senior debt rating at' A', as well as the Insurer Financial Strength ratings of its operating subsidiaries at' AA'. The Rating Outlook is Stable.
SAN FRANCISCO, Oct 1- Yahoo Inc Chief Executive Marissa Mayer, three months into a nascent effort to revamp the struggling Web company, could be back in the office in one week, following the birth of her first child on Sunday.
Oct 1- BMC Software Inc is looking to sell itself and has retained Bank of America Merrill Lynch to help find a buyer, the Wall Street Journal reported Monday. Bankers have approached potential suitors including software companies and large private-equity firms to see if they are interested in buying BMC or a part of it, the Journal said, citing sources.
Oct 1- Washington Post Co said it would acquire a majority stake in privately held Celtic Healthcare Inc, branching even further away from its newspaper roots.
The Denver- based company said Molson Coors Europe will combine its U.K. and Ireland business with its recently acquired businesses in Central Europe. StarBev makes Bergenbier, Ozusko and Borsodi beers and runs nine breweries, selling brands in in the Czech Republic, Serbia, Croatia, Romania, Bulgaria, Hungary, Montenegro, Bosnia-Herzegovina and Slovakia.
*Facebook's Zuckerberg makes first visit to Russia. GORKI, Russia, Oct 1- Prime minister Dmitry Medvedev told Facebook chief executive Mark Zuckerberg on Monday that Russia's IT industry was as promising an area for investment as its natural resources sectors.
*Announces agreement to purchase TRAC Energy services ltd. *Says deal for C $17.8 million. *Says purchase price for the acquisition is $17,813,300.
OMAHA, Neb.-- Shares of Gordmans Stores slid more than 24 percent on Monday, its biggest ever one-day drop, as the clothing and home decor company lowered its third and fourth-quarter financial forecasts because of a sales slowdown. Gordmans said Monday that its revenue at stores open at least a year fell 2.1 percent for the third quarter through Sept. 29.
**CERADYNE INC, $34.92, up 42.9 pct** 3 M, $93.51, up 1.17 pct. 3 M said it will acquire the ceramic component maker for about $847 million. The offer of $35 per share represents a premium of about 43 percent to Ceradyne's Friday closing.
MILAN, Oct 1- Finmeccanica said on Monday its AnsaldoBreda unit had won a contract worth 210 million euros to supply 30 metro trains for the Milan underground system. Loss-making AnsaldoBreda is among the activities that Finmeccanica is looking to sell to focus on defence and aerospace businesses and keep its investment grade rating.
WASHINGTON, Oct 1- A precipitous drop in Iran's currency, the rial, reflects relentless international pressure on the country over its suspected nuclear weapons program, the U.S. State Department said on Monday.
*Says gas sometimes flows against market signals. LONDON, Oct 1- Britain's electricity and gas regulator Ofgem sought on Monday to identify and remove barriers to European gas trading via pipelines that connect it to the continent, as the UK tries to bolster gas imports on which it is becoming increasingly dependent.
ATHENS, Oct 1- Greece on Monday unveiled its 2013 draft budget, aimed at pleasing international lenders and securing a vital tranche of bailout cash. The following are the Greek government's key targets and projections, as well aS the austerity measures being negotiated with the EU/ECB/IMF troika.
BERLIN, Oct 1- Germany may subsidize electric cars after the next general election in order to meet a lofty goal of 1 million fossil fuel-free vehicles on the road by 2020, according to Chancellor Angela Merkel.
OTTAWA, Oct 1- The Canadian government has decided it can squeeze more cost savings from its operations despite billions of dollars of already announced spending cuts, the cabinet minister in charge, Treasury Board President Tony Clement, told Reuters on Monday.
The report raised questions in Sweden about Ikea's commitment to gender equality, and the company released a statement expressing "regret" over the issue. "We should have reacted and realized that excluding women from the Saudi Arabian version of the catalog is in conflict with the IKEA Group values," the company said.
*Continues to exceed commitments to buy Michigan products and services: sets. *Says now expects to spend $700 million with Michigan suppliers by December. *Says estimates it will spend $1.3 billion with Michigan suppliers in 2011 and.
INDIANAPOLIS, Oct 1- Federal Reserve Chairman Ben Bernanke said on Monday the U.S. central bank did not foresee a recession but that growth was too slow to bring down the nation's jobless rate. "Right now we see an economy which is expanding. We see employment... still growing, "Bernanke said."
WASHINGTON, Oct 1- American Express will refund $85 million to customers to resolve charges that three subsidiaries broke consumer protection laws across the credit card business, U.S. regulators said on Monday.