Latest Business News Wires - Business Headlines


  • Sirius XM revenues miss expectations in third quarter Thursday, 24 Oct 2013 | 7:22 AM ET

    Oct 24- Sirius XM Radio Inc said on Thursday it added 513,000 net subscribers to its service in the third quarter and posted revenue that narrowly missed analysts' estimates. Third-quarter net income at the satellite radio provider was $62.89 million, or 1 cent per share, compared with $74.5 million, or 1 cent per share, a year ago.

  • Hershey's profit rises on strong sales Thursday, 24 Oct 2013 | 7:18 AM ET

    -Hershey Co reported higher quarterly earnings on Thursday because of strong candy sales across the United States. The chocolate company said net income was $233.0 million, or $1.03 per share, compared with $176.3 million, or 77 cents per share, a year earlier. Its sales rose 6.1 percent to $1.85 billion, from $1.75 billion in the third quarter of 2012..

  • Boston Scientific reports narrower Q3 loss Thursday, 24 Oct 2013 | 7:17 AM ET

    Oct 24- Boston Scientific Corp reported a narrower third-quarter loss, with sales of its array of medical devices little changed from the year-ago period. The company said on Thursday it lost $5 million, or nil per share, in the third quarter.

  • US STOCKS-Futures climb, with earnings, data on tap Thursday, 24 Oct 2013 | 7:16 AM ET

    *China data shows improvement in manufacturing. NEW YORK, Oct 24- U.S. stock index futures advanced on Thursday, indicating the S&P 500 will rebound from its first decline in the last six sessions, ahead of labor market and manufacturing data and a slew of corporate earnings.

  • *Calls on other chains supplied by Rana Plaza to follow suit. BERLIN, Oct 24- Clothing chain Primark laid out plans to pay more compensation to victims of the Rana Plaza factory disaster in Bangladesh on Thursday as workers' groups held a vigil at the site demanding other western brands follow suit.

  • Oct 24- Investment bank Lazard Ltd reported an 81 percent rise in quarterly profit, driven by higher revenue from asset management and financial advisory businesses. Net income attributable to common shareholders rose to $60.3 million, or 45 cents per share, in the third quarter from $33 million, or 26 cents per share, a year earlier.

  • Colgate-Palmolive quarterly profit rises modestly Thursday, 24 Oct 2013 | 7:07 AM ET

    Oct 24- Colgate-Palmolive Co posted a slightly higher quarterly profit on Thursday as it spent more on advertising to promote products including new versions of its well-known toothpaste. Colgate said it had earned $656 million, or 70 cents per share, up slightly from $654 million, or 68 cents per share, a year earlier. Sales rose 1.5 percent to $4.4 billion.

  • SAO PAULO, Oct 24- Banco Santander Brasil SA, the largest foreign lender in Brazil, beat third-quarter profit expectations following a steeper-than-expected decline in bad loan provisions, it said on Thursday. The lender earned 1.407 billion reais in recurring profit, excluding one-time items, according to a securities filing.

  • Oct 24- U.S. carrier Southwest Airlines Co said on Thursday that quarterly profit rose as fuel costs fell and higher airfares bolstered revenue. Net income was $259 million, or 37 cents a share, in the third quarter, compared with $16 million, or 2 cents a share, a year earlier.

  • Oct 24- Diamond Offshore Drilling Inc posted a quarterly profit that beat analysts' estimates due to higher utilization of rigs used in shallow and ultra-deepwater drilling. Bigger rivals Noble Corp and Ensco Plc both reported higher-than-expected quarterly profits as rates paid for their rigs improved.

  • Ford boosts outlook after third-quarter profit beat Thursday, 24 Oct 2013 | 7:02 AM ET

    DETROIT, Oct 24- Ford Motor Co on Thursday reported higher-than-expected third-quarter profit and boosted its full-year global earnings outlook, helped by an improved outlook in Europe.

  • *JAL chief says lawsuit vs govt possible over landing slots. "It's one of the steps we might take in the future," JAL President Yoshiharu Ueki said, when asked if legal action was one possibility. JAL is Japan's second-biggest airline by revenue and fleet size.

  • Xerox profit beats estimates as services revenue rises Thursday, 24 Oct 2013 | 6:59 AM ET

    Oct 24- Xerox Corp reported a quarterly profit that beat analysts' average estimates due to a 3 percent rise in revenue from its services business, its biggest. Net income from continuing operations attributable to Xerox rose to 26 cents per share in the third quarter, from 25 cents per share a year earlier.

  • *Ericsson, Gemalto fall as Q3 results disappoint. LONDON, Oct 24- Mining and auto stocks lifted European shares on Thursday after encouraging manufacturing data from big consumer China, but mixed earnings from companies trading on high valuations capped gains.

  • Southwest Airlines posts higher Q3 profit Thursday, 24 Oct 2013 | 6:45 AM ET

    Oct 24- Southwest Airlines Co said on Thursday that quarterly profit rose as fuel and maintenance costs fell. Net income was $259 million, or 37 cents a share, in the third quarter, compared with $16 million, or 2 cents a share, a year earlier. Excluding special items, the company said profit was 34 cents a share.

  • Oct 24- PulteGroup Inc, the No.2 U.S. homebuilder, said orders fell 17 percent in the third quarter as higher interest rates delayed home sales. Net profit rose to $2.28 billion, or $5.87 per share, from $116.6 million, or 30 cents per share, a year earlier.

  • *China manufacturing picks up in October. LONDON, Oct 24- Copper edged down to its lowest in more than a week on Thursday as persistent concern about credit tightening in top metals consumer China offset upbeat manufacturing growth there.

  • *Q1 underlying sales in Asia down 6 pct, China falls double-digit. The world's No.2 spirits group by sales after Britain's Diageo said it expected demand in China to start improving only from the second half of the year, which ends in June 2014. China is its second-largest market after the United States, accounting for 12 percent of sales.

  • *Euro zone growth pace eases. LONDON, Oct 24- The euro zone economy is only expanding slowly, according to surveys on Thursday that showed the rate of growth eased unexpectedly in the private sector this month, although globally, factories in China ratcheted up production.

  • Oct 24- Coffee and doughnut chain Dunkin' Brands Group Inc reported a 36 percent rise in quarterly profit as customers purchased more of its sandwiches and cold beverages. Net income rose to $40.2 million, or 37 cents per share, from $29.5 million, or 26 cents per share, a year earlier. On an adjusted basis the company earned 41 cents per share.

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