GO
Loading...

Latest Business News Wires - Business Headlines

More

  • WASHINGTON, Oct 30- Federal Reserve Chair Janet Yellen did not comment on monetary policy or the economic outlook in remarks on Thursday prepared for a diversity conference at the central bank.

  • SAN FRANCISCO, Oct 30- Minted, an online marketplace for stationery and art, has raised $38 million in new financing as it taps into consumer demand for small-batch, high-participation manufacturing, it said Thursday. Companies such as San Francisco- based 99 designs, Chicago- based crowdSpring, and Sydney, Australia- based DesignCrowd allow other businesses to...

  • *Cipla says launched cheaper copy of Novartis drug in Delhi. *Cipla says Novartis not making enough drug for India. Cipla, India's fourth-largest drugmaker by revenue, said because there was an urgent but unmet need for the respiratory treatment in India it has started to sell a copy of the drug in Delhi priced at a fifth of the cost of Novartis's product.

  • *Q3 adjusted profit $0.12/ shr vs est $0.09/ shr. Q3 revenue up 21 pct to $4.91 bln vs est $4.81 bln. Oct 30- Bombardier Inc, a Canadian plane and train maker, on Thursday reported better-than-expected third-quarter earnings as aircraft deliveries shot up nearly 60 percent.

  • NEW YORK, Oct 30- U.S. stock index futures pointed to a slightly lower open on Thursday despite a reading on third-quarter economic growth that was stronger than expected. Gross domestic product grew at a 3.5 percent annual rate in the third quarter, beating expectations for a pace of 3 percent, though down from the 4.6 percent rate in the second quarter.

  • BEIJING, Oct 30- A trademark spat between Chinese e-commerce giant Alibaba Group Holding Ltd and rival JD.com flared into public view after JD published an Alibaba letter urging publishers to be careful about advertising in promotions for China's annual "Singles' Day" spree, the world's largest online shopping day. In the letter, dated Oct. 16 and published on...

  • Oct 30- MasterCard Inc reported a better-than-expected 15.5 percent jump in quarterly profit as a rise in global consumer confidence encouraged its customers to use cards to make purchases. MasterCard's net income rose to $1.02 billion, or 87 cents per share, in the third quarter ended Sept. 30 from $879 million, or 73 cents per share, a year earlier.

  • *Economy grows at 3.5 percent pace in third quarter. WASHINGTON, Oct 30- A smaller trade deficit and a surge in defense spending buoyed U.S. economic growth in the third quarter, but other details of Thursday's report hinted at some loss of momentum in activity. Gross domestic product grew at a 3.5 percent annual rate, the Commerce Department said on Thursday,...

  • WASHINGTON, Oct 30- The number of Americans filing new claims for unemployment benefits rose for a second straight week last week, but remained at levels consistent with a firming labor market. Initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 287,000 for the week ended Oct. 25, the Labor Department said on Thursday.

  • Shares of Harman, which counts Volkswagen AG, BMW AG and Toyota Motor Corp among its major customers, rose 1.7 percent in light premarket trading. Harman also said it secured new car audio awards from Daimler, Porsche, Toyota and Subaru during the quarter. Net income attributable to Harman rose to $83 million, or $1.18 per share, in the quarter ended Sept. 30, from $46.5...

  • Oct 30- Apollo Global Management LLC reported a bigger-than-expected 91 percent drop in third-quarter profit on Thursday, as its private equity funds depreciated, in stark contrast to its peers, and the firm generated less cash from selling assets. A halt to the stock market rally weighed on the earnings of all of Apollo's publicly listed peers, with KKR& Co LP and...

  • UPDATE 1-Apple's Tim Cook says "proud to be gay" Thursday, 30 Oct 2014 | 8:26 AM ET

    Oct 30- Apple Inc Chief Executive Tim Cook publicly came out as gay in an article he wrote in Bloomberg Businessweek, saying he wanted to support others who find it difficult to reveal their sexual orientation. Apple Chairman Art Levinson called Cook "courageous." "On behalf of the board and our entire company, we are incredibly proud to have Tim leading Apple.

  • JAKARTA, Oct 30- Indonesia's fiscal deficit is not expected to exceed a legal limit this year as government spending has been lower than expected, the new finance minister said on Thursday, a step that would allow President Joko Widodo to avert a political crisis. A shortfall in tax revenue estimated at $6.15 billion threatened to push the 2014 budget deficit to...

  • Oct 30- Coal miner Walter Energy Inc reported a smaller-than-expected loss in the third quarter as its cost cutting efforts paid off, sending the company's shares up 9 percent premarket. "In the challenging pricing environment for met coal, we remain focused on lowering production costs, reducing SG&A and improving productivity," Walter Energy's Chief...

  • Oct 30- Ocwen Financial Corp swung to a quarterly loss as the mortgage servicer set aside $100 million for a potential settlement with the New York Department of Financial Services over allegations of backdated foreclosure letters. "We work very hard to keep borrowers in their homes and that is why we take the concerns raised by the New York Department of...

  • Coal miner Alpha Natural posts smaller loss Thursday, 30 Oct 2014 | 8:18 AM ET

    Oct 30- Coal miner Alpha Natural Resources Inc halved its quarterly loss as cost cutting helped it offset lower prices and shipments. The company's net loss narrowed to $185 million, or 84 cents per share, in the third quarter ended Sept. 30 from $458.2 million, or $2.07 per share, a year earlier. The Bristol, Virginia- based company's revenue fell 8 percent to $1.10...

  • Oct 30- U.S. fertilizer company Mosaic Co's quarterly profit jumped 63 percent as it sold more phosphate at higher prices. "The improving demand momentum for both potash and phosphates that started in the fourth quarter of 2013 continued," Chief Executive Jim Prokopanko said in a statement. The company, however, said its phosphate sales volumes would fall to...

  • RIO DE JANEIRO, Oct 30- Brazil's Vale posted a surprise loss of $1.44 billion on Thursday, hurt by a fall in the price of iron ore, higher production costs and a weakening Brazilian currency. Iron ore cash costs were also higher than analysts had expected, while Vale said the weakening Brazilian real wiped nearly $2 billion off its earnings by increasing the cost of...

  • Oct 30- Kellogg Co, the world's largest maker of breakfast cereal, reported a 2.1 percent drop in quarterly net sales as demand for its Corn Flakes and Special K wane in the United States, its biggest market. Net income attributable to Kellogg fell to $224 million, or 62 cents per share in the third quarter ended Sept. 27, from $326 million, or 90 cents per share, a year...

  • MasterCard profit jumps 15.5 pct as card usage rises Thursday, 30 Oct 2014 | 8:09 AM ET

    Oct 30- MasterCard Inc, the world's second-largest debit and credit card company, posted a 15.5 percent rise in quarterly profit as more customers used its cards to make purchases. The company's net income rose to $1.02 billion, or 87 cents per share, in the third quarter ended Sept. 30 from $879 million, or 73 cents per share, a year earlier. Net revenue rose 12.8...