GO
Loading...

Latest Business News Wires - Business Headlines

More

  • It is approved in the United States, the European Union and Japan for the treatment of paroxysmal nocturnal hemoglobinuria and atypical hemolytic-uremic syndrome. It also raised its revenue forecast to a range of $2.22 billion to $2.23 billion, from its prior view of $2.18 to $2.20 billion. Alexion's net income rose to $177.7 million, or 88 cents per share, in the...

  • *Third-quarter profit $0.38/ share vs est. Oct 23- Potash Corp of Saskatchewan cut the top end of its full-year earnings forecast range and the company reported a lower-than-expected quarterly profit as income fell from its overseas investments. Potash Corp, the world's biggest fertilizer company by market value, said average realized price for potash fell 9...

  • UPDATE 4-Oil rises above $85 on Saudi market supply cut Thursday, 23 Oct 2014 | 8:45 AM ET

    *Saudi Arabia increases output but cuts market supply. *OPEC members unable to agree on cut. LONDON, Oct 23- Brent crude oil rose above $85 a barrel on Thursday on news Saudi Arabia cut its supply to the market in September, even though its overall production grew month on month.

  • *Israel 10- year yield 2.09 pct vs 2.25 pct for U.S. equivalent. *Israel debt market has 500 bln shekels in government bonds. Israel has about 500 billion shekels of government bonds outstanding, up from below 400 billion in 2010..

  • DETROIT, Oct 23- General Motors Co on Thursday reported a higher-than-expected profit in the third quarter and said it had strong demand for its redesigned full-size pickup trucks in North America. "Solid results really continue to be driven by strength in North America and China," GM Chief Financial Officer Chuck Stevens told reporters at the company's...

  • Oct 23- Canadian oil and gas producer Husky Energy Inc reported an 11.5 percent rise in quarterly profit, helped by a 10 percent increase in production. Canada's No.3 integrated oil company, controlled by Hong Kong billionaire Li Ka- shing, said total production rose to 341,000 barrels of oil equivalent per day in the third quarter ended Sept. 30, from 309,000 boepd...

  • LONDON, Oct 23- Britain's Serious Fraud Office has asked the government for an extra 26.5 million pounds to help fund complex inquiries such as financial benchmark manipulation and top corruption cases. Its biggest and costliest cases remain the investigation into the manipulation of Libor interest rates, an inquiry into circumstances surrounding...

  • WASHINGTON, Oct 23- The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend remained consistent with a firming labor market. Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 283,000 for the week ended Oct. 18, the Labor Department said on Thursday.

  • *Airbus seen aiming for' A380neo' debut 2022-23. BERLIN/ PARIS, Oct 23- The case for developing new engines for a sales-boosting upgrade to Airbus's A380 passenger jet has been called into question by a partner in one of the planemaker's engine suppliers. A lean sales patch has increased pressure on Airbus to bow to the demands of its biggest customer- Dubai's...

  • *Gold extends losses after drop overnight. LONDON, Oct 23- Gold prices eased on Thursday as better-than-expected euro zone business activity data lifted stock markets from early lows, while the dollar index held near its highest in a week and demand for the physical metal softened. Spot gold was down 0.4 percent at $1,235.90 an ounce at 1206 GMT, while U.S. gold...

  • ATHENS, Oct 23- Greece's coalition government submitted promised tax relief legislation to parliament on Thursday as part of efforts to boost its flagging popularity and show Greeks that four years of austerity are nearing an end. Prime Minister Antonis Samaras, whose conservative party trails the anti-austerity Syriza party in opinion polls, has been...

  • Oct 23- GT Advanced Technologies Inc said it reached an agreement with Apple Inc, under which GT will exit sapphire materials production. GT will shut down its factories in Mesa, Arizona and Salem, Massachusetts, the company said in a statement on Thursday. Under the terms of the agreement, GT will be released from all exclusivity obligations with Apple and a...

  • Oct 23- Rig contractors Diamond Offshore Drilling Inc and Patterson-UTI Energy Inc reported big drops in quarterly profits, hurt by one-time charges to retire some old rigs. Offshore driller Diamond Offshore recorded a non-cash impairment charge of $109 million, pushing its third-quarter net income down 44 percent. Diamond Offshore said on Thursday it had...

  • MEXICO CITY, Oct 23- Mexico's Cemex, one of the world's biggest cement makers, on Thursday said its third-quarter loss narrowed to $106 million, but it missed analysts' estimates as sales increased less than expected. Sales rose 3 percent to $4.1 billion, helped by higher prices and a pickup in some of Cemex's biggest markets, including the United States and Mexico.

  • BG seeks revival of Egypt LNG business with BP deal Thursday, 23 Oct 2014 | 8:08 AM ET

    *BG hopes a deal could lift Egypt operations in 2015/ 16. MILAN/ LONDON, Oct 23- British energy company BG Group is in talks with BP to link their two gas developments off Egypt's coast, as part of BG's drive to breathe life into its gas-starved export plant, sources familiar with the matter said. BG is in advanced talks with Israel to import gas supplies into Egypt and...

  • JetBlue Airways quarterly profit rises 11 pct Thursday, 23 Oct 2014 | 8:05 AM ET

    Oct 23- JetBlue Airways Corp reported an 11 percent rise in quarterly profit, as it flew fuller planes. The company's net profit rose to $79 million, or 24 cents per share, in the third quarter ended Sept. 30, from $71 million, or 21 cents per share, a year earlier. JetBlue's load factor, a key indicator of capacity, rose to 86.2 percent from 85 percent, the company said.

  • NEW YORK, Oct 23- Private equity firm KKR& Co LP reported a lower-than-expected 27 percent year-on-year drop in third-quarter profit on Thursday, as its holdings appreciated more than many analysts foresaw and it generated more cash by exiting its investments. KKR's steep earnings drop was driven by a lower appreciation of its private equity investments...

  • KHOBAR, Saudi Arabia, Oct 23- Saudi Basic Industries Corp and Royal Dutch Shell have shelved plans to expand an existing petrochemical joint venture in Saudi Arabia as the results of feasibility studies were not encouraging. The two partners in the joint project, known as SADAF joint venture in Jubail, on the Gulf coast of Saudi Arabia, first announced plans to...

  • United Continental's profit surges as costs fall Thursday, 23 Oct 2014 | 7:59 AM ET

    Oct 23- United Continental Holdings Inc's quarterly profit surged about 144 percent, helped by lower fuel and maintenance costs. The airline's total operating costs fell 3.6 percent to $9.37 billion in the third quarter ended Sept. 30. Net income rose to $924 million, or $2.37 per share, in the quarter from $379 million, or 98 cents per share, a year earlier.

  • *Mixed morning in Europe after Asia shares slide. LONDON, Oct 23- European and Asian stock markets ground lower on Thursday, worries over banks and corporate results again darkening the mood despite a surprisingly upbeat survey of Germany's manufacturing and service sectors. French tire maker Michelin and Unilever cited poor demand from emerging markets in...