GO
Loading...

Latest Business News Wires - Business Headlines

More

  • LOS ANGELES, Nov 4- After the votes are counted for the midterm U.S. elections, cable operators will be among the big winners, nearly doubling ad sales to about $800 million, while the nation's TV station operators will see far more modest increases. In 2010, TV stations benefited from competitive gubernatorial contests in California and New York, the two largest...

  • NEW YORK, Nov 4- U.S. stock index futures ticked lower on Tuesday, with investors taking a pause following a rally that has taken major indexes to repeated records, although a sharp decline in crude oil could weigh on energy shares. The quiet session followed the Dow's biggest weekly gain since January 2013 and the S&P's biggest two-week jump since December 2011.

  • FRANKFURT, Nov 4- German luxury carmaker BMW AG posted third-quarter operating profit well above expectations on Tuesday thanks to strong demand for its sports utility vehicles. BMW has bet big on electric vehicles and small city cars such as the Mini. In the third quarter, sales of BMW branded cars rose 6.9 percent, as demand for X1, X4 and X5 sports utility...

  • *FY adjusted EPS 104.1 pence, up 6 pct. LONDON, Nov 4- Discount fashion group Primark has shrugged off the unseasonably warm autumn weather blamed by rival chains such as Next Plc for slack recent results, reporting 10 percent sales growth at the start of its new financial year. Recession-era shopping habits have become entrenched in Europe as consumers grapple...

  • *Nissan most exposed Japan carmaker to China. Nissan, the most exposed of Japan's automakers to the Chinese market, said its vehicle sales in China fell 12 percent in the July-September period and cut its full-year sales forecast for the world's biggest auto market to 1.27 million vehicles from 1.43 million, an 11 percent drop. "In China, the general weakness in the...

  • Nov 4- Regeneron Pharmaceuticals Inc reported a higher quarterly revenue on increased sales of its eye injection Eylea. The biotechnology company's net profit fell to $79.7 million, or 70 cents per share, in the third quarter Sept. 30, from $141.3 million, or $1.25 per share, a year earlier. Revenue rose 21.6 percent to $725.8 million and included collaboration...

  • Dish Network's quarterly revenue rises 4.8 pct Tuesday, 4 Nov 2014 | 6:18 AM ET

    Nov 4- Dish Network Corp, the second-largest U.S. satellite TV company, reported a 4.8 percent rise in quarterly revenue as it earned more from each subscriber. Net income attributable to the company fell to $145.5 million, or 31 cents per share, in the third quarter ended Sept. 30 from $314.9 million, or 68 cents per share, a year earlier. Dish, led by media mogul Charlie...

  • Nov 4- Medical equipment supplier Becton Dickinson& Co reported a 4.8 percent rise in quarterly revenue due to improving demand for its drug-delivery products. Net income rose to $301 million, or $1.53 per share, in the fourth quarter ended Sept. 30, from $91 million, or 46 cents per share, a year earlier. Revenue rose to $2.20 billion from $2.10 billion.

  • Nov 4- Time Inc, publisher of Sports Illustrated, Time and People, cut its full-year revenue forecast for the second time as revenue from print advertising falls steadily. The company, spun off from Time Warner Inc in June, lowered its revenue forecast to $3.27 billion- $3.30 billion from $3.30 billion- $3.37 billion. Time's profit fell to $48 million, or 44 cents per...

  • TOKYO, Nov 4- Japanese lawmakers are set to indefinitely postpone legalising casinos as Prime Minister Shinzo Abe, whose cabinet has been hit by a series of scandals, lacks the political leverage to pass a bill this year, sources directly involved in the process said. The latest in a string of delays for the controversial bill will be a blow for Abe, who has promoted...

  • MSCI's emerging stocks index dropped by 0.2 percent while the Asian benchmark index, which excludes Japan, fell by a similar amount as the dollar stayed just off four-year highs against a basket of major currencies. These are the two crucial variables for the market now and they are beyond the control of emerging markets, "said Cristian Maggio, a strategist at TD...

  • BERLIN, Nov 4- German fashion house Hugo Boss trimmed its 2014 sales and profit forecasts on Tuesday due to a slowing European economy after it reported weaker-than-expected third-quarter profits. Hugo Boss said it now expected sales to grow 6-8 percent in 2014, after accounting for currency changes, while operating profit should rise 5-7 percent.

  • *OPEC concerned over price fall but not panicking- UAE. LONDON, Nov 4- Brent crude oil fell to a more than four-year low near $82 a barrel on Tuesday, after top oil exporter Saudi Arabia cut sales prices to the United States. The world's top exporter increased its December sales prices, relative to benchmarks, to Asia and Europe on Monday, but lowered prices to the United...

  • LONDON, Nov 4- Gold edged higher on Tuesday, recovering from last week's four-year low, as the dollar's retreat from multi-year highs against a currency basket relieved some downward pressure on the metal. Bullion broke below a key chart level of around $1,180 an ounce on Friday after the Bank of Japan expanded its stimulus programme in a surprise move, lending...

  • BRUSSELS, Nov 4- The fragile euro zone will need another year to reach even a modest level of economic growth, the European Commission said on Tuesday, revising down its forecasts and predicting more of the low inflation and high joblessness that plagues the bloc. The delay in the upturn was due to drag on the economy from France and Italy. While the bloc's hangover...

  • *Shanghai bonded copper premiums ease to $80- $100- Shmet. LONDON, Nov 4- Copper and zinc rose on Tuesday as the dollar edged lower and equities climbed, but the gains in copper were capped as signs emerged that higher output was hitting the market. The equity markets are helping and the dollar might be helping as well, "said Eugen Weinberg, head of commodity research at...

  • European shares slip after EU Commission forecasts Tuesday, 4 Nov 2014 | 5:27 AM ET

    LONDON, Nov 4- The FTSEurofirst 300 index of top European shares gave up early gains and turned negative after the European Commission cut its growth forecast for the euro zone. The delay in the upturn was due to drag on the economy from France and Italy. What's more surprising is the gap in the deficit projections for France, the commission is much less optimistic...

  • *Cuts FY operating profit forecast 10 pct to 900 bln yen. TOKYO, Nov 4- Fast-growing Japanese telecom firm SoftBank Corp sliced the best part of $1 billion off its annual profit forecast as the Sprint Corp U.S. carrier it bought last year continues to lose customers in droves, with no quick fix in sight. SoftBank said Sprint's troubles mean it now expects an operating...

  • BRUSSELS, Nov 4- The fragile euro zone will need another year to reach even a modest level of economic growth, the European Commission said on Tuesday, revising down its forecasts and predicting more of the low inflation and high joblessness that plagues the bloc. The delay in the upturn was due to drag on the economy from France and Italy. "We see growth... coming to a...

  • Positive earnings help European stocks bounce back Tuesday, 4 Nov 2014 | 4:32 AM ET

    *FTSEurofirst 300 up 0.3 pct, Euro STOXX 50 up 0.3 pct. PARIS, Nov 4- European stocks rose on Tuesday, trimming the previous session's losses as better-than-expected earnings helped offset recent worries over the pace of economic growth in Europe. "Earnings have been better than expected overall, and this is offsetting the bad macro data seen in Europe lately," said...