U.S. cancer drug company Medivation is discussing opening its books to Sanofi, people familiar with the matter said on Tuesday. » Read More
LONDON, Oct 26- Anglo American's Chief Executive Cynthia Carroll stepped down on Friday after more than five years in the job, under increased pressure from investors over the miner's lagging share price and continued dependence on troubled South Africa.
LONDON, Oct 26- The yen recovered after hitting a four-month low against the dollar on Friday, but was still on track for a second week of losses as investors braced for the Bank of Japan to ease policy next week. The dollar was down 0.5 percent at 79.95 yen after earlier hitting 80.38 yen.
NEW YORK-- The ratings agency Moody's Corp. on Friday reported big gains in profit and revenue for the third quarter, as it increased business across the world, benefited from a stronger corporate debt market and made use of two companies that it bought last year.
NASSAU, Bahamas-- Hurricane Sandy raged through the Bahamas early Friday after leaving 21 people dead across the Caribbean, following a path that could see it blend with a winter storm to hit the U.S. East Coast with a super-storm next week.
HONG KONG, Oct 26- Adam Gazal trained for six months to stand in the ring for six minutes of live boxing. The managing partner of National Australia Bank was one of 14 contenders who took part in Hong Kong's sixth annual IronMonger Hedge Fund Fight Night, a fundraising event that is now a staple of the city's financial community.
*Hurricane Sandy threatens U.S. after slamming Cuba. LONDON, Oct 26- Oil fell on Friday to around $108 a barrel and was heading for its second weekly drop, pressured by expectations U.S. economic growth will not be strong enough to bolster the demand outlook and by Europe's debt crisis.
The auto supplier earned $121.4 million, or $1.23 per share, up from $100.7 million, or 95 cents per share, in the same quarter last year. Global vehicle production rose 2 percent during the quarter, Lear said, with automakers building more vehicles in every major global market, save for Europe.
NEW YORK-- Stock futures are falling sharply before the government provides a peek at U.S. economic growth over the past three months. There are also signs of unease in China, with evidence of a massive flow of money out of the country before a government power shift.
HONG KONG, Oct 26- Hong Kong shares snapped a 10- session winning streak on Friday, hit by a 7.6 percent slump in China Unicom after the country's second-largest mobile operator posted weaker-than-expected third-quarter profit.
TRENTON, N.J.-- Pfizer Inc., the world's biggest drugmaker by revenue, will focus on progress on key experimental drugs, recent drug approvals and its ongoing corporate makeover when it reports third-quarter results before the stock market opens Tuesday.
FEDERAL WAY, Wash.-- Weyerhaeuser Co.' s third quarter earnings plunged 25 percent compared to last year, when the lumber and real estate company recorded income from a couple businesses it has since sold and a hefty tax gain. The Federal Way, Wash., company said Friday it earned $117 million, or 22 cents per share, in the three months that ended Sept. 30.
MADRID, Oct 26- One in four Spanish workers were without a job in the third quarter of this year, a record high, and further layoffs are likely to follow next year as more of the country's 60 billion euro programme of budget austerity kicks in.
NEW YORK-- Newell Rubbermaid plans to cut more than 1,900 jobs, or about 10 percent of its worldwide workforce, over the next two and a half years. Newell Rubbermaid also said that its business will be restructured under two groups, a development organization and a delivery organization.
LONDON, Oct 26- European equity markets eased on Friday, weighed down by a fresh batch of gloomy corporate outlooks with demand for everything from cars to building materials hit by the euro zone crisis.
LONDON, Oct 26- European shares opened lower following a weak session in Asia as lacklustre earnings from tech giant Apple undermined confidence ahead of American growth data due later on Friday.
TOKYO, Oct 26- Japan unveiled plans on Friday to list shares of state-owned Japan Post Holdings Co, which runs the country's biggest savings institution, within three years to raise money to rebuild areas devastated by last year's quake, tsunami and nuclear crisis.
PARIS, Oct 26- Europe's pregnant pigs will be happier next year but pork eaters will pay more and some breeders will go out of business as new porcine welfare rules compound the spiraling cost of the cereals for animal feed.
The company also narrowed its 2012 profit forecast to a range of $2.08 to $2.24 per share, from $2.04 to $2.30. Merck, based in Whitehouse Station, N.J., said net income was $1.73 billion, or 56 cents per share. Excluding acquisition, integration and restructuring charges totaling $1.2 billion, net income was $2.93 billion, or 95 cents per share.