CHICAGO-- Grain futures were lower Thursday in early trading on the Chicago Board of Trade. Wheat for March delivery was 6.50 cents lower at 6.3425 a bushel; March corn was 7 cents lower at 4.3225 a bushel; March oats were unchanged at $3.45 a bushel; while January soybeans loss 16 cents to 13.28 a bushel.» Read More
WASHINGTON, July 25- Raytheon Co saw some delays in U.S. bookings as a result of $37 billion in additional budget cuts imposed on the Pentagon in March, but the company is "staying ahead of the curve" with continued cost-cutting measures and strong international sales, Chief Financial Officer David Wajsgras told Reuters.
WASHINGTON, July 25- The number of Americans filing new claims for jobless benefits rose slightly last week in a sign the U.S. labor market continues to improve at a moderate pace. Initial claims for state unemployment benefits increased by 7,000 to a seasonally adjusted 343,000, the Labor Department said on Thursday.
July 25- Hershey Co on Thursday reported an 18 percent jump in second-quarter earnings and raised its outlook for the year, boosted by a stronger demand for Reese's, Kit Kat and Ice Breakers candy as well as lower commodity costs. The company said profit rose to $159.5 million, or 70 cents per share, from $135.7 million, or 59 cents per share, a year earlier.
*Facebook shares surge in premarket following Wed's results. NEW YORK, July 25- U.S. stock index futures fell on Thursday as recent earnings from some bellwether shares triggered concerns, while investors worried about the impact on global demand of China's slowdown.
July 25- Timken Co posted a sharply lower profit on Thursday and cut its full-year forecast, citing what it said was a weaker-than-expected recovery in demand for its products.
*Famous British brands expected to fetch over 1 billion stg. LONDON, July 25- Bankers have started to prepare debt financing packages to offer to potential buyers of GlaxoSmithKline's soft drink brands Lucozade and Ribena, banking sources said on Thursday.
*Increases 2013 adj EPS to $3.15- $3.25/ shr. The company, formerly known as McGraw-Hill Cos Inc, said it expects an adjusted profit of between $3.15 and $3.25 per share for 2013, up from $3.10 to $3.20 per share. Second-quarter net income increased to $254 million, or 91 cents per share, from $216 million, or 76 cents per share, a year earlier.
DETROIT, July 25- General Motors Co on Thursday posted a higher-than-expected quarterly profit on strong demand in North America and cost-cutting in its struggling European business. Europe, where industry sales hit a 20- year low in the first half, remains "very challenging," GM Chief Financial Officer Dan Ammann told reporters.
July 25- BorgWarner Inc, maker of automotive turbochargers and emission systems, posted higher-than-expected profit on Thursday as global demand for more fuel-efficient vehicles continued to rise in the second quarter, the company said.
*Gold slides as support near $1,320/ oz gives way. LONDON, July 25- Gold prices arrested earlier losses on Thursday but the market was still in negative territory after the previous session's 2 percent sell-off, as a break of key chart support near $1,320 an ounce prompted more buyers to cash in gains.
July 25- Legg Mason Inc Chief Executive Joseph Sullivan said the Baltimore asset manager has sold its Private Capital Management equity investment unit to its management team.
MEXICO CITY, July 25- Mexico's Cemex, one of the world's biggest cement companies, said on Thursday its second-quarter loss narrowed, helped by a slight increase in sales and core profit.
July 25- Goldcorp Inc, the world's largest gold miner by market capitalization, posted a second quarter loss on Thursday on a $2 billion non-cash impairment charge. Goldcorp's net loss in the quarter was $1.9 billion, or $2.38 a share, compared with a profit of $268 million, or 41 cents a share, in the year-ago period.
CHICAGO, July 25- Harley-Davidson Inc posted higher quarterly profit on Thursday, lifted in part by a modest rebound in demand for its motorcycles in the United States, its No. 1 market. Harley-Davidson continues to expect to ship 259,000 to 264,000 of its motorcycles to dealers worldwide in 2013, up from 247,625 bikes in 2012 and 233,117 in 2011..
July 25- Mead Johnson Nutrition Co reported slightly higher-than-expected second-quarter earnings on Thursday and stood by its full-year forecast, despite having to lower prices in China. The maker of the Enfamil brand of baby formula said net income was $162.2 million, or 80 cents per share, down from $165.8 million, or 81 cents per share, a year earlier.
*Copper hit one-month high at $7,119 on Weds. LONDON/ SINGAPORE, July 25- Copper fell back on Thursday after a five-day run-up that lifted prices to a one-month high, under pressure from concerns that a slowing Chinese economy may dent demand from the world's top consumer amid ample global supplies.
July 25- Satellite radio provider Sirius XM Radio Inc posted higher-than-expected second-quarter revenue on Thursday as it added more than 700,000 subscribers to its service, which is widely available built into cars.
HONG KONG, July 25- China's Hanergy Holding Group Ltd said it had acquired U.S. firm Global Solar Energy Inc, its third overseas purchase of a solar company in the past year as it beefs up its solar panel production technology. China has become the world's largest solar panel maker and the dominant supplier to solar power industry.
*Driver investigated, speeding seen as likely cause. SANTIAGO DE COMPOSTELA, Spain, July 25- Police put the driver of a Spanish train under investigation on Thursday after at least 78 people died when it hit a sharp bend at speed and derailed near the northern city of Santiago de Compostela, in one of Europe's worse rail disasters.
July 25- Diversified U.S. manufacturer 3 M Co posted a slightly higher quarterly profit on Thursday, helped by revenue increases across most of its business lines, and raised the number of shares it expects to buy back this year.