Latest Business News Wires - Business Headlines


  • US STOCKS SNAPSHOT-Wall St opens higher after data Thursday, 1 Nov 2012 | 1:36 PM ET

    NEW YORK, Nov 1- U.S. stocks opened higher on Thursday after a pair of positive signs on the labor market pointed to improving conditions a day before the U.S. nonfarm payroll report. The ADP report showed more private-sector jobs created in the latest month than expected, while weekly jobless claims were lower than forecast.

  • *Honda to expand Timmonsville plant, add 65 jobs Thursday, 1 Nov 2012 | 1:31 PM ET
  • *Profit excluding items 79 cents/ share vs Street view 77 cents. Shares of New York- based Estee Lauder fell 2.6 percent to $60 in premarket trading. Revenue in the fiscal first quarter rose 2.9 percent to $2.55 billion, dragged down by disappointing sales in Europe that included decreases in key markets like Russia and France.

  • Data over the past month has shown the health of the global economy remains fragile, with retail sales and the housing market pointing to an improvement in the United States but Europe is still struggling.

  • Nov 1- Ford Motor Co shuffled its management team on Thursday, promoting longtime executive Mark Fields to chief operating officer, and said its chief executive officer, Alan Mulally, would stay on through 2014..

  • WASHINGTON, Nov 1- U.S. companies added jobs in October at the fastest pace in eight months, a sign of modest healing in the labor market just days before a presidential election that could hinge on the economy. Payrolls processor Automatic Data Processing said private employers added 158,000 workers last month.

  • Chesapeake said last month that it planned to pay off most of a pricey $4 billion bridge loan after receiving $2.8 billion in cash from the sale of some of its oil and natural gas properties in the Permian Basin. Chesapeake's investment bankers on the Permian deal, Goldman Sachs and Jefferies Group, provided the loan.

  • CHICAGO, Nov 1- CBOE Holdings Inc will soon offer a new set of fee discounts to its most active traders to head off a recent decline in market share for single-stock options, its chief executive said on Thursday. CBOE has boosted fees on contracts it offers exclusively.

  • UPDATE 2-Exxon quarterly profit falls, output tumbles Thursday, 1 Nov 2012 | 1:12 PM ET

    Nov 1- Exxon Mobil Corp, the world's largest publicly traded oil company, on Thursday reported a lower quarterly profit that topped expectations, as higher margins from its refining arm countered a 7.5 decline in oil and gas output.

  • UPDATE 4-Oil falls on weaker demand after Sandy Thursday, 1 Nov 2012 | 1:10 PM ET

    LONDON, Nov 1- Brent crude oil futures fell to $108 a barrel on Thursday as investors continued to analyse the aftermath of super storm Sandy.

  • LONDON, Nov 1- European shares rose on Thursday, bolstered by relatively robust earnings reports despite economic weakness, while the euro was flat as uncertainty over how the euro zone will handle crises in Spain and Greece dragged on.

  • Greek journalist tried over Swiss bank list Thursday, 1 Nov 2012 | 11:59 AM ET

    ATHENS, Nov 1- Greek lawyers launched their defence of a prominent journalist on Thursday charged with breaking private data rules after he published the names of more than 2,000 wealthy Greeks believed to be holding Swiss bank accounts.

  • UPDATE 1-Cigna raises full-year profit forecast again Thursday, 1 Nov 2012 | 11:58 AM ET

    Nov 1- Health insurer Cigna Corp's quarterly profit more than doubled as its acquisition of Medicare specialist HealthSpring drove growth in premiums and fees, prompting the company to raise its full-year profit outlook for the third time this year.

  • UPDATE 1-BCE profit falls, but revenue up Thursday, 1 Nov 2012 | 11:53 AM ET

    Bell Canada's parent recently delayed the closing of its proposed acquisition of Astral Media Inc after Canada's broadcast regulator blocked the C $3 billion deal. Net income attributed to shareholders for the third quarter fell to C $569 million, or 74 Canadian cents a share, compared with C $642 million, or 83 Canadian cents a share, a year earlier.

  • LONDON, Nov 1- Copper rose for a third day on Thursday, helped by data that showed a glimmer of recovery in big metals consumer China and other Asian economies, but gains were tempered by concerns about demand and Europe's grinding debt crisis.

  • WASHINGTON/ NEW YORK, Oct 31- U.S. regulators threatened to fine Barclays roughly $470 million to settle allegations that the bank and four traders manipulated California electricity markets, reviving the specter of a sector-wide crackdown on energy trading.

  • Still, Estee Lauder reported a higher than expected quarterly profit, helped by large gains in U.S. and China that helped make up for weakness in Europe. The company reported net profit of $299.5 million, or 76 cents a share, in the first quarter, ended Sept. 30, compared with $278.6 million, or 70 cents a share, a year earlier.

  • *GNC Holdings slumps greater bigger 3Q net income Thursday, 1 Nov 2012 | 11:50 AM ET
  • TJX revenues jump 7 pct in October Thursday, 1 Nov 2012 | 11:47 AM ET

    FRAMINGHAM, Mass.-- TJX saw revenue at its established TJ Maxx and Marshalls clothing stores rise 7 percent in October, easily beating Wall Street expectations. Analysts polled by Thomson Reuters expected the company's revenue at stores open at least a year to increase 4.4 percent.

  • Nov 1- Money manager Invesco Ltd said its third-quarter profit rose 2 percent as customers added almost $12 billion to the firm's funds. Net income attributable to common shareholders totaled $170.6 million, or 38 cents per share, up from $166.9 million, or 36 cents per share, in the same period a year ago, the Atlanta- based firm said in a statement.