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  • DETROIT, Nov 5- Tesla Motors Inc shares rose nearly 8 percent in after-hours trading on Wednesday after the electric-car maker beat analysts' expectations for third-quarter results. Its shares rose after-hours, however, as non-GAAP income of 2 cents a share beat Wall Street's consensus view of a loss of 1 cent per share. "Tesla needs to grow dramatically if it...

  • BAE SAYS F-16 UPGRADE PROGRAM WAS AFFECTED BY S.KOREAN BUDGET LIMITATIONS AND US AIR FORCE'S CONSERVATIVE APPROACH TO OVERALL PROGRAM COST.

  • BAE SYSTEMS SAYS DISAPPOINTED BY S.KOREA' S DECISION TO TERMINATE F-16 UPGRADE PROGRAM DESPITE COMPANY'S "STRONG PERFORMANCE" ON FIRST PHASE.

  • LIMA, Nov 5- The head of Peru's central bank decided not to take a pay raise, aiming to diffuse tension with the government after President Ollanta Humala criticized his 6 percent hike in a rare public rebuke. The raise would have boosted Velarde's salary to 617,344 soles, nearly triple Humala's 224,000 soles per year. Velarde, a widely respected central banker, has...

  • EXCLUSIVE-Firms drop Pimco funds from managed accounts Wednesday, 5 Nov 2014 | 6:01 PM ET

    Nov 5- Charles Schwab Corp, Wells Fargo Advisors and Raymond James& Associates have all dropped Pimco funds from some investment portfolios they offer clients over the past several weeks, following the September resignation of fund manager and company co-founder Bill Gross. Pacific Investment Management Co has seen huge outflows since Gross, who ran the...

  • NEW YORK, Nov 5- Tax-cutting measures in a handful of states looked to gain traction following Tuesday's elections, potentially weakening fiscal positions if revenues fail to keep pace with spending. "As far as states go there was a clear message that people would rather have lower taxes," said Craig Brandon, Co-Director of Municipal Investments at Eaton Vance in...

  • SAN FRANCISCO, Nov 5- Qualcomm Inc warned on Wednesday that an antitrust investigation and problems collecting royalties could harm its business in China next year and it also disclosed new regulatory investigations in the United States and Europe. China's expanding high-speed 4 G network is driving demand for smartphones with leading-edge technology,...

  • NEW YORK, Nov 5- While private pilots and skydivers have to take out extra life insurance to cover the added risk of their pursuits, space tourists do not need special policies on their high flying rides. That loophole is likely to disappear, slowly, after the fatal crash last week of a test flight of a Virgin Galactic space ship designed to take tourists into space.

  • FOREX-Euro cowers as ECB looms, USD sweeps higher Wednesday, 5 Nov 2014 | 5:47 PM ET

    SYDNEY, Nov 6- The euro dangled just above a two-year trough on Thursday with investors waiting to see how European Central Bank chief Mario Draghi deals with dissent in the ranks, while the U.S. dollar surged in anticipation of a strong payrolls report. The euro zone common currency last traded at $1.2483, having fallen nearly a full U.S. cent from Tuesday's high of...

  • Kinross Gold posts loss on income tax expense Wednesday, 5 Nov 2014 | 5:40 PM ET

    Nov 5- Toronto- based miner Kinross Gold Corp reported a quarterly loss on Wednesday, mainly hurt by a $92.3 million income tax expense. Kinross reported a net loss attributable to shareholders of $4.3 million, or breakeven on a per share basis, in the third quarter ended Sept. 30, compared with a profit of $46.9 million, or 4 cents per share, a year earlier.

  • Nov 5- Prudential Financial Inc, the second-largest U.S. life insurer, reported a quarterly profit that fell short of market estimates by a wide margin, mainly due to losses tied to its derivatives program. The company reported operating earnings on an adjusted basis of $2.20 per share, well below the average analyst estimate of $2.41 per share.

  • WASHINGTON, Nov 5- A Republican controlled U.S. Senate means mean that key committees focused on energy, environment and budget will have new leadership with different priorities in the new Congress. Soon-to-be Senate Majority Leader Mitch McConnell and Republican National Committee Chairman Reince Preibus have both indicated that a bill to pass the...

  • NEW YORK, Nov 5- New York's banking regulator has demanded $300 million from Bank of Tokyo-Mitsubishi UFJ as part of a potential agreement over sanctions-related violations, according to people familiar with the matter. The demand comes on top of a $250 million settlement Japan's largest bank negotiated with the regulator last year for deleting information...

  • DETROIT, Nov 5- Electric car maker Tesla Motors Inc said its third-quarter loss nearly doubled from a year ago to $75 million, as manufacturing, sales and development expenses increased to meet rising demand for its Model S sedan. Its shares rose after-hours, however, as non-GAAP income of 2 cents a share beat Wall Street's consensus view of a loss of 1 cent per share.

  • WASHINGTON, Nov 5- The U.S. government on Wednesday said it had canceled, at the request of South Korea, a preliminary contract with the U.S. unit of Britain's BAE Systems to upgrade 134 F-16 fighter jets, ending a major arms deal initially valued at $1.7 billion. The unusual move, announced by the Pentagon's Defense Security Cooperation Agency, paves the way for...

  • Nov 5- News Corp, publisher of the Wall Street Journal, reported quarterly revenue and profit above estimates, helped by higher sales at its book publishing and online real estate businesses. Along with from the Journal and the New York Post, News Corp's properties include the Australian newspaper, book publishers HarperCollins and Harlequin Enterprises,...

  • BRASILIA, Nov 5- The Brazilian Senate approved a bill on Wednesday that lowers the debt burden of states and municipalities, opening the way for regional governments to spend more at a time of growing concern about the country's fiscal health. The bill, which was supported by government lawmakers as well as the opposition, will add pressure on newly re-elected...

  • WASHINGTON, Nov 5- America's underperforming economy has been an albatross for President Barack Obama since he took office in 2009 and likely did his Democratic party few favors in midterm elections on Tuesday- but it may not have been the decisive factor. Hurt by Obama's general unpopularity, Democrats lost control of the Senate while Republicans...

  • SAN FRANCISCO, Nov 5- Qualcomm Inc gave a disappointing forecast for 2015 revenue on Wednesday after quarterly earnings missed expectations, as the wireless chipmaker continues to struggle with royalty collection and an antitrust investigation in China. China's expanding high-speed 4 G network is driving demand for smartphones with leading-edge...

  • Nov 5- CBS Corp, owner of the most-watched U.S. television network, reported a marginally better-than-expected quarterly profit and revenue, driven by higher distribution revenue from licensing its television shows. CBS, the home of shows such as "Madam Secretary," "Scorpion," and "NCIS: New Orleans," said advertising revenue grew nearly 2 percent to $1.55 billion in...