Dec 10- Fifth& Pacific Cos Inc said it will sell its Lucky Brand Jeans business to an affiliate of private equity firm Leonard Green& Partners L.P. for $225 million as it focuses on its high-end kate spade brand. Fifth& Pacific said Leonard Green will pay $140 million in cash at the time of closing and the remaining in the form a three-year seller note.» Read More
WASHINGTON-- Below is the statement the Federal Reserve released Wednesday after the U.S. central bank's two-day policy meeting:. Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to expand at a moderate pace in recent months.
Feb. 2002- Allied Irish Bank said rogue trader John Rusnak had defrauded its U.S. subsidiary Allfirst of $691 million. July 2006- David Bullen and Vince Ficarra, two former foreign exchange options dealers at National Australia Bank, were jailed after a 2004 scandal that cost NAB A $252 million.
Buffalo Wild Wings Inc.' s shares plunged Wednesday following a disappointing third-quarter financial report from the restaurant chain, and forecast slower profit growth. Buffalo Wild Wings said it expects its earnings to increase 15 percent for 2012 and 20 percent in 2013. That's slower than last year, when the company's net income grew 31 percent.
NEW YORK-- Shares of Total System Services Inc. fell nearly 4 percent Wednesday as analysts said third-quarter results for the electronic payments processor appeared to be in line with expectations but noted some potential negative factors.
WASHINGTON-- Two weeks before a U.S. election focused on the economy, the Federal Reserve said Wednesday that its help is still needed to increase growth and lower unemployment. The Fed took no action after a two-day policy meeting. It wants time to assess whether the aggressive steps it launched in September will help the economy.
LORDSTOWN, Ohio-- President Barack Obama's decision to help America's automakers could end up being what helps drive him back into the White House.
LONDON, Oct 24- Gold rose on Wednesday along with stock markets, helped by well received data from China and an upbeat earnings report from Boeing, while dealers awaited a Federal Reserve policy statement later in the day. Spot gold was up 0.1 percent at $1,709.60 an ounce at 1309 GMT, while U.S. gold futures for December delivery were up 60 cents an ounce at $1,710.
LONDON, Oct 24- Prime Minister David Cameron said on Wednesday he was unhappy with the level of tax avoidance by big corporations working in Britain and urged authorities to make sure all companies paid their fair share of tax.
HARTFORD, Conn.-- Federal regulators say a pilot study of cancer risks posed to residents near seven nuclear power sites in the United States will update 22- year-old data, but an industry group says the study won't come up with anything new.
NEW YORK, Oct 24- A monthly reading of U.S. private sector employment has been revamped to put it more in line with the closely watched government nonfarm payrolls report. Automatic Data Processing said on Wednesday it had made the changes to its private job market report as part of a new partnership with Moody's Analytics.
STAMFORD, Conn.-- Silgan's third-quarter net income was nearly flat as the packaging products supplier dealt with some charges and tough economic conditions. For the period ended Sept. 30, Silgan Holdings Inc. earned $78.7 million, or $1.13 per share. Wall Street forecast $1.15 billion.
BATESVILLE, Ark.-- Peco Foods says it will add 300 jobs in eastern Arkansas by expanding a feed mill in Newark and a processing plant in Batesville. Peco Foods announced the expansion Wednesday alongside local leaders and Gov. Peco Foods is the eighth-largest poultry processor in the United States.
NEW YORK, Oct 24- The euro edged lower against the dollar and yen on Wednesday after unexpectedly weak German data stoked concern the euro zone's largest economy may be headed for recession.
*City seen as bastion of loyalty to Assad before uprising. *Businessmen hit by attacks, kidnapping, extortion. AMMAN, Oct 24- Top Syrian businessman Fares Shehabi says he lives in constant fear of being kidnapped by rebels fighting loyalist forces for control of his home city Aleppo.
DUBAI, Oct 24- Private equity firms in the Middle East are preparing to exit a range of investments, a sign that asset markets in the region are recovering from the twin blows of Arab Spring uprisings and the global financial crisis.
CAIRO, Oct 24- Business has flourished for Cairo's store owners and itinerant street traders since a popular uprising ushered in 20 months of light-touch law enforcement, but the boom-time may soon be over. Some Cairo store workers welcome the prospect of a shorter working day.
WASHINGTON, Oct 24- New U.S. single-family home sales surged in September to their highest level in nearly 2-1/ 2 years, further evidence the housing market recovery is gaining steam.
Boeing is cranking out planes faster, and it's paying off. Boeing has been speeding up production, aiming to get some of its newest planes out the door faster. Boeing's revenue from commercial planes jumped 28 percent to $12.19 billion in the most recent quarter.
*Q3 adjusted EPS 71 cents vs Wall St view 66 cents. Oct 24- Media veteran Barry Diller's IAC/InteractiveCorp breezed past quarterly expectations on the strength of its search businesses such as Ask.com.
PLANO, Texas-- Dr. Pepper Snapple Group Inc.' s net income climbed 16 percent in the third quarter as the company continued to raise prices. The company, which makes 7 Up, Sunkist, Mott's and other drinks, earned $179 million, or 84 cents per share, for the three months ended Sept. 30. That's up from $154 million, or 71 cents per share, a year ago.