Latest Business News Wires - Business Headlines


  • France can bank on EU budget leniency before polls Thursday, 31 Oct 2013 | 6:40 AM ET

    PARIS, Oct 31- Economic fragility and fear of a far-right political backlash are preventing a clash between France and the European Commission when the latter makes first use of its augmented budget supervision powers next month.

  • Cigna, which provides U.S. and overseas health insurance as well as disability and life insurance, said it expected full-year earnings of $6.70 to $6.90 per share. Cigna's report comes after larger competitor Aetna Inc missed analysts' earnings expectations earlier this week, in part because of funding cuts in private Medicare.

  • *Sour relations between Turkey and Israel delay progress. ISTANBUL/ ANKARA, Oct 31- Turkey's Zorlu Energy is in talks with Israeli firms over the potential for a pipeline to carry Israeli gas to Turkey, industry sources say, but the political rift between the two former allies is holding up progress.

  • The impact was mostly superficial, with European shares opening down just 0.2 percent after MSCI's index of Asia-Pacific shares outside Japan had edged back 0.6 percent. In Asia, sentiment was helped by the Bank of Japan's decision to stick with a massive stimulus program that has shown tentative signs of breaking the grip of deflation.

  • Green makeover will be struggle for Germany's RWE Thursday, 31 Oct 2013 | 6:17 AM ET

    *Germany installed 25 GW of solar capacity since 2010. FRANKFURT/ DUESSELDORF, Oct 31- A latecomer to renewable energy, Germany's RWE is trying to turn itself green at a time when it lacks the two resources it needs most: time and money.

  • Time Warner Cable profit drops after CBS blackout Thursday, 31 Oct 2013 | 6:17 AM ET

    Oct 31- Time Warner Cable Inc, the second largest U.S. cable operator, posted a 34 percent drop in quarterly profit as it lost more video customers than analysts had expected when it blacked out No. 1 broadcaster CBS Corp for a month.

  • Oct 31- Cigna Corp said on Thursday that its third-quarter profit rose due to revenue growth and as it managed medical costs in its commercial business, and the results beat analysts' expectations. The company reported net income of $553 million, or $1.95 per share, up from $466 million, or $1.61 per share, a year earlier.

  • Brazilian planemaker Embraer's profit falls 10 percent Thursday, 31 Oct 2013 | 6:12 AM ET

    SAO PAULO, Oct 31- Brazil's Embraer SA, the world's third-largest commercial planemaker, said on Thursday that third-quarter earnings fell 10 percent from a year earlier to 118.7 million reais, according to a securities filing. Analysts on average had forecast a profit of $75 million in a Reuters survey published on Wednesday.

  • Quintiles' quarterly profit beats estimates Thursday, 31 Oct 2013 | 6:11 AM ET

    Oct 31- Quintiles Transnational Holdings Inc, the world's largest medical contract research provider, reported a better-than-expected quarterly profit as it signed more contracts. Net income attributable to Quintiles rose to $66.8 million, or 50 cents per share, in the third quarter ended Sept. 30 from $52.1 million, or 44 cents per share, a year earlier.

  • UPDATE 3-Oil slips on Fed outlook, Libya supports Thursday, 31 Oct 2013 | 6:07 AM ET

    *Libya may resume exports from major port in 10 days- official. Brent was still set to end October, however, with its fourth monthly gain in five as disruptions to shipments from major producer Libya kept supply tight. "But ongoing supply disruption in Libya should limit any downside."

  • TOKYO, Oct 31- Tokyo Electric Power Co reported its first half-year profit since the Fukushima nuclear disaster in 2011, but faces an uncertain future as the government threatens to split the utility, which has struggled with cleaning up the site.

  • *Audley Capital's Julian Treger takes CEO job at Anglo Pacific. BANGALORE/ LONDON, Oct 31- From fund giant BlackRock to activist shareholder Julian Treger, mining investors seeking predictable returns and better cash flows are stepping into mine finance.

  • WASHINGTON, Oct 31- President Barack Obama is to tout investment opportunities on Thursday when he announces Washington is expanding its efforts to entice foreign firms to bring jobs to the United States, administration officials said.

  • TOKYO, Oct 31- Asia's top buyers of Iranian crude have reduced purchases by 11.5 percent so far this year, and shipments are set to fall further even after tentative signs of better relations between Tehran and Washington.

  • TOKYO, Oct 31- Six major central banks said on Thursday they would make their web of currency swap arrangements permanent as a "prudent liquidity backstop" in case of future global financial strains. The Bank of Japan, U.S.

  • BEIRUT, Oct 31- Syria has destroyed all of its declared chemical weapons production and mixing facilities, meeting a major deadline in an ambitious disarmament programme, the international chemical weapons watchdog said in a document seen by Reuters.

  • SHANGHAI, Oct 31- The looming bailout of Suntech Power may mark a temporary victory for the city of Wuxi in its struggle to keep its champion employer afloat, but it highlights a singular weakness in China's reform strategy: a deep-rooted political inability to allow inefficient businesses to go bust.

  • TOKYO, Oct 31- Sony Corp cut its full-year profit targets after slipping to a quarterly net loss as its recovering TV operation relapsed into the red.

  • LONDON, Oct 31- The dollar hovered near a two-week high on Thursday as some investors cut negative bets on the currency after the U.S. The euro lost 0.15 percent to $1.3713, pulling away from last week's peak of $1.3833. The euro stayed above chart support at $1.3651, the Oct. 21 low.

  • TOKYO, Oct 31- Bank of Japan Governor Haruhiko Kuroda faced the biggest rift since embarking on his aggressive stimulus campaign in April, with three members of the board dissenting against the bank's rosy outlook for achieving its 2 percent inflation target.

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