Latest Business News Wires - Business Headlines


  • 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.

  • Oct 24- Diamond Offshore Drilling Inc said its quarterly net income fell about 47 percent as its customers, oil and gas producers, had cash flow issues. The offshore drilling contractor's net income fell to $95 million, or 68 cents per share in the third quarter, from $178 million, or $1.28 per share, a year earlier.

  • *Gold heads towards 1- month high on taper delay talk. LONDON, Oct 24- Gold firmed on Thursday as investors were tempted back to bullion by expectations that the Federal Reserve will postpone tapering its monetary stimulus programme, and as financial markets were boosted by optimistic Chinese manufacturing data.

  • UPDATE 2-Rejuvenated Daimler beats expectations Thursday, 24 Oct 2013 | 5:59 AM ET

    *Daimler Q3 adj EBIT 2.23 bln eur vs Rtrs poll 2.12 bln. *2013 adj EBIT to fall 8 pct vs last year's 8.13 bln eur. FRANKFURT, Oct 24- German automotive group Daimler lifted its fourth-quarter profit forecast after a rejuvenated model range and cost-cuts in the core luxury car business helped it to post better than expected results on Thursday.

  • TOKYO, Oct 24- Sumitomo Life Insurance Co plans to increase domestic bond holdings in the six months to March, a senior company official said on Thursday, but added that it could shift to foreign debt if domestic bond yields stay too low.

  • UPDATE 3-Oil stabilises on strong Chinese economic data Thursday, 24 Oct 2013 | 5:29 AM ET

    LONDON, Oct 24- Brent crude futures stabilised below $108 a barrel on Thursday on positive economic data from China after a rise in U.S. crude stocks drove prices down sharply the previous day.

  • SINGAPORE, Oct 24- The Monetary Authority of Singapore said on Thursday it has been in touch with foreign regulators looking into the alleged manipulation of foreign exchange rates, and was ready to assist in investigations.

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