U.S. cancer drug company Medivation is discussing opening its books to Sanofi, people familiar with the matter said on Tuesday. » Read More
BOISE, Idaho-- State officials say they have awarded an eight-year, $180 million contract to Hewlett-Packard Co. to supply Idaho high school students and teachers with laptop computers as part of the Students Come First education overhaul. C.L. "Butch" Otter and Public Schools Superintendent Tom Luna announced the winning vendor Tuesday.
*Adds to views that Brazil's banks headed for rough patch. *Itau's expense, provision cuts may help stem profit drops.
LONDON, Oct 23- A top European share index slid to its lowest level in more than one-and-a-half months on Tuesday, hit by worries over company results and Spain's debt crisis, and some traders bet on European stocks falling further.
BOSTON, Oct 23- The pharmacy tied to a deadly U.S. meningitis outbreak escaped harsh punishment from health regulators several times in the years leading up to the health crisis that has raised questions about oversight of the customized drug mixing industry, newly released state records show.
NEW YORK-- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:. 3 M Co., down $3.80 at $88.73. Coach Inc., up $3.98 at $58.15.
Oct 23- Xerox Corp trimmed its full-year earnings forecast on Tuesday and said it would take a restructuring charge of up to $100 million to account for a tougher economy as large companies tightened budgets and government had less funding for projects.
NEW YORK-- Nobody was expecting this round of corporate financial reports to be great. But underwhelming results _ particularly revenue, which offers a read on the economy _ are still rattling investors.
Oct 23- DuPont slashed its earnings forecast, reported a lower-than-expected quarterly profit and announced 1,500 job cuts on Tuesday, signs that demand for the chemical company's lucrative paint and solar products is slipping around the world. Shares of DuPont, a component of the Dow Jones industrial average, fell more than 9 percent in midday trading.
MORE CONTRACTION: Spain's economy shrank 0.4 percent in the third quarter compared with the previous three months, according to central bank estimates Tuesday. It was the fifth quarter in a row that Spain's economic output has contracted.
TRENTON, N.J.-- Biotech drugmaker Amgen Inc. said Tuesday that its third-quarter profit more than doubled from a year ago, when a huge legal-reserve charge weighed down results. Amgen said its net income adjusted to exclude one-time items was $1.31 billion, or $1.67 per share, up from $1.28 billion, or $1.40 per share.
NEW YORK-- TARGET'S CREDIT CARD SALE: Target reached a deal to sell its entire consumer credit card business to TD Bank Group, ending an almost two-year search for a buyer. THE DETAILS: The discounter, based in Minneapolis, said the sale price is equal to the gross value of the outstanding receivables at the time of closing.
A proposed settlement of a national class-action lawsuit, filed Oct. 16 in U.S. District Court in Vermont, says the government will revise its Medicare manual to make benefits available when care would only ``maintain the patient's current condition or... prevent or slow further deterioration''.
LOS GATOS, Calif.-- Netflix cut its prediction of how many video streaming subscribers it would add this year after its third-quarter additions of 1.2 million came in at the low end of the company's forecasts. Netflix's stock sank $10.72 in after-hours trading to $57.50.
Scott Walker spent months and millions of dollars on ads in the divisive recall election telling Wisconsin voters that the state is on the economic upswing _ a strong dose of good news that even Mitt Romney backers acknowledge helps the incumbent, President Barack Obama.
*Sluggish demand in China, more stimulus unlikely now. LONDON, Oct 23- Copper slid to a six-week low on Tuesday, giving up more gains from its September rally, as a strong dollar, renewed worries over Spain's sovereign debt and a lack of robust demand from China knocked investor risk appetite.
University of Illinois economist Richard Dye says solutions to problems like the state's backlog of bills and the Medicaid squeeze will be mentioned but not recommended. Illinois was among six states examined. Pat Quinn spokesman Abdon Pallasch says the July report highlighted problems the Illinois governor has fixed or proposed solutions for.
SALT LAKE CITY-- A report comparing the current housing market to the situation four years ago says the picture is noticeably bleaker in Utah's Salt Lake County. An analysis by foreclosure tracking firm RealtyTrac notes that Salt Lake County's home prices are down 36 percent and unemployment has doubled since 2008..
*Spanish debt yields rise as Moody's downgrades 5 regions. NEW YORK, Oct 23- The euro plunged versus the yen and hit a one-week low versus the dollar on Tuesday as concerns about a global economic slowdown and a spike in Spain's borrowing costs spurred broad-based risk aversion.
WASHINGTON, Oct 23- Most Americans have scant understanding about their water supply, but they are concerned about it, and believe recycling water gives the United States an advantage over other countries, a survey said on Tuesday.