Latest Business News Wires - Business Headlines


  • BERLIN, Nov 5- BMW, the world's biggest luxury carmaker, said investment in technology and new models such as the i3 electric car would hold back fourth-quarter earnings, after it reported a bigger than expected drop in third-quarter profit.

  • Nov 5- HCA Holdings Inc, the largest publicly owned U.S. hospital operator, on Tuesday reported higher third-quarter earnings and increased admissions to its facilities. HCA reported net income of $365 million, or 79 cents a share, up from $360 million, or 78 cents a share, a year earlier.

  • *Quarterly profit of 11 cents/ share vs estimate 13 cents. Nov 5- Online travel agency Orbitz Worldwide Inc posted quarterly earnings that trailed forecasts on Tuesday as costs rose. Net income was nearly $13 million, or 11 cents a share, in the third quarter, down 12 percent from $14.8 million, or 14 cents a share, a year earlier.

  • LJUBLJANA/ BRUSSELS, Nov 5- The European Commission said on Tuesday that Slovenia was set to see its budget deficit balloon next year but can still avoid an international bailout if it continues with structural reforms and fixes its banking sector.

  • DETROIT, Nov 5- Delphi Automotive Plc posted a stronger-than-expected quarterly profit on Tuesday on strong demand in North America and Asia, and said the European auto market was stabilizing, but its new full-year forecast disappointed.

  • NEW YORK, Nov 5- IntercontinentalExchange Inc Chief Executive Jeff Sprecher said on Tuesday that he hopes ICE's more than $10 billion NYSE Euronext takeover will close within days.

  • *Ukraine seeks energy independence from Russia. KIEV, Nov 5- Ukraine signed a $10 billion shale gas production-sharing agreement with U.S. Chevron on Tuesday, another step in a drive for more energy independence from Russia.

  • Nov 5- Keryx Biopharmaceuticals Inc said its sole drug in development, Zerenex, proved to be effective in treating patients with chronic kidney disease who were not on dialysis. Keryx shares jumped 20 percent after the company said Zerenex met the main goal of a mid-stage trial.

  • *Michael Kors climbs after earnings. *GT Advanced jumps on deal with Apple. "For the market to continue along you actually need a combination of moderate news," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.

  • Nov 5- Satellite TV provider DirecTV added more U.S. customers than expected in the third quarter, showing strong subscriber growth in contrast to its cable rivals. DirecTV added 139,000 net subscribers in the United States in the quarter, nearly double the gain of 70,000 that analysts expected, according to research firm StreetAccount.

  • Nov 5- Mosaic Co reported sharply lower third-quarter earnings on Tuesday as prices of its potash and phosphate fell and buyers took a cautious stance, and the U.S. fertilizer company said prices may remain weak into 2014..

  • LONDON, Nov 5- Imperial Tobacco Group said cost cuts and the launch of electronic cigarettes would help deliver "modest" growth for the new year as it posted slightly better than expected earnings.

  • LONDON, Nov 5- Copper steadied on Tuesday as an upbeat global manufacturing survey and signs the U.S. Three-month copper on the London Metal Exchange was up 0.3 percent at $7,154 a tonne in official rings from $7,149 at the close on Monday. Growth in China's services industry edged up, a sign that the economy has stabilised.

  • Nov 5- T-Mobile US Inc, the No. 4 U.S. mobile provider, reported third-quarter subscriber growth well ahead of expectations on Tuesday, and showed it was putting pressure on market leaders Verizon Wireless and AT&T Inc..

  • Nov 5- Canadian business software maker Open Text Corp said it would buy privately held cloud services company GXS Group Inc for $1.17 billion. Open Text, whose customers include Microsoft Corp and Oracle Corp, makes software that helps companies manage documents and workflows.

  • Hospital operator HCA says profit, admissions rise Tuesday, 5 Nov 2013 | 8:42 AM ET

    HCA, which had predicted better-than-expected results in October, reported net income of $365 million, or 79 cents a share, up from $360 million, or 78 cents a share, a year before.

  • Nov 5- Regeneron Pharmaceuticals Inc on Tuesday reported quarterly earnings that beat analyst expectations and also raised its forecast for its Eylea eye drug again, although it said growth of that key treatment slowed again during the past three months.

  • *Wall St set to open weaker as taper debate dominates. LONDON, Nov 5- European shares halted gains just below five-year highs and the euro steadied near seven-week lows on Tuesday as uncertainty over the European Central Bank's next policy move sapped investor enthusiasm.

  • LONDON, Nov 5- G4S plans to shake up the weakest parts of its business and lay off up to 400 UK staff as the new boss of the world's largest security firm by revenue battles to restore its reputation tarnished by a series of high-profile blunders.

  • Orbitz posts lower third quarter profit Tuesday, 5 Nov 2013 | 8:20 AM ET

    Nov 5- Orbitz Worldwide Inc, the online travel agency, posted a lower quarterly profit on Tuesday, as costs rose. Net income was nearly $13 million, or 11 cents a share, in the third quarter, compared with $14.8 million, or 14 cents a share, a year earlier. Revenue was up 11 percent to $220.9 million.

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