April 23- Flash storage company Pure Storage Inc raised $225 million in a late-stage funding round, valuing the company at about $3 billion, technology news site Re/code reported.» Read More
IRVINE, Calif.-- The California Public Utilities Commission on Thursday opened an investigation into the damaged San Onofre nuclear power plant to determine whether ratepayers should bear costs tied to the facility that has been shut down most of the year.
BOCA RATON, Fla.-- ADT Corp., the home monitoring business spun off recently by Tyco International Ltd., said Thursday it has held "constructive" talks with activist shareholder Corvex Management LP. Corvex, founded by Keith Meister, an associate of activist investor Carl Icahn, has taken a 5 percent stake in ADT, which is based in Boca Raton.
WASHINGTON-- Boehringer Ingelheim Pharmaceuticals Inc. will pay $95 million to settle allegations that the company promoted three drugs for uses that were not medically accepted, the government announced Thursday.
*Nebraska, High Plains still suffering, wheat crop threatened. The portion of the United States under ``exceptional'' drought- the most dire classification- held steady at 5.84 percent and was mostly in western Kansas and Nebraska.
*Ireland in talks with EU/IMF on possible new support. DUBLIN, Oct 25- Ireland is lobbying EU/IMF lenders for additional support to smooth its return to bond markets before its bailout ends next year, its finance minister said on Thursday after Dublin passed its latest bailout review.
CANTON, Ohio-- The Timken Co. said Thursday its third-quarter net income fell 27 percent, hurt by an industrywide slowdown in demand in Asia and Europe. The Canton Ohio- based maker of transmissions and bearings cut its full year earnings and revenue outlook because of lower demand.
NEW YORK-- McDonald's will start selling bags of ground coffee at its restaurants in Canada next month, a move that could spread to other regions around the world if successful. John Betts, president of McDonald's Canada, also noted in an interview that McDonald's has a history of taking hit products from specific regions and expanding them globally.
NEW YORK, Oct 25- Microsoft Corp launched its new Windows 8 operating system and Surface tablet on Thursday in a bid to revive interest in its flagship product and regain ground lost to Apple Inc and Google Inc in mobile computing.
LONDON, Oct 25- A friend of accused UBS fraudster Kweku Adoboli told him in 2008 she hoped never to read articles about him in the press like those she had read about a ``rogue trader'' at France's Societe Generale, a London court heard on Thursday.
NEW YORK, Oct 25- The dollar hit a four-month high against the yen on Thursday as a rise in Treasury yields and expectations the Bank of Japan will ease monetary policy next week had investors broadly selling the Japanese currency. Expectations that the Bank of Japan will take action on Oct. 30 to stimulate the Japanese economy and higher U.S.
*CEOs demand Congress find debt solution. WASHINGTON, Oct 25- Chief executives of more than 80 big U.S. corporations, including Goldman Sachs, JPMorgan and Boeing, joined forces on Thursday to pressure Congress to reduce the federal deficit with tax reform and spending cuts.
NEW YORK-- Stocks are closing modestly higher after a handful of decent corporate earnings reports were enough to break a weeklong slump in the market. Procter& Gamble was the biggest gainer in the Dow after the consumer products company, whose products include Tide, Gillette and Charmin, reported earnings that beat analysts' expectations.
BLOOMFIELD HILLS, Mich.-- TriMas Corp., which makes packaging materials, aerospace components and other engineered parts, said Thursday that its third-quarter net income rose 2 percent, bolstered by acquisitions in Brazil and New Zealand.
TULSA, Okla.-- The Department of Labor announced Thursday it is suing a Tulsa, Okla.- area restaurant chain over nearly $1 million in unpaid wages it alleges the business owes to more than 220 employees.
Oct 25- Potash Corp of Saskatchewan's third-quarter earnings fell 22 percent as a standoff over new contracts led to a sharp drop in shipments to China and India, the world's two biggest consumers of the company's namesake crop nutrient. China accounted for just 12 percent of sales and India 5 percent.
The attorney, Patricia Millett, asked the 2nd U.S. Circuit Court of Appeals in Manhattan to decide that the government acted improperly to persuade a judge in March 2008 to permit a wiretap to be placed on Raj Rajaratnam's cellphone.
OKLAHOMA CITY-- The Oklahoma State Board of Education has approved a $2.3 billion budget request from Oklahoma lawmakers that includes additional funding for teacher pay raises. The request represents a $289 million increase over the funding levels for the current fiscal year.
SARASOTA, Fla.-- Roper Industries Inc., a medical and industrial equipment maker, said Thursday its third-quarter profit rose 6 percent on stronger sales in three of its four business units. Net earnings for the three months ended Sept. 30 were $117 million, or $1.19 per share, up from $110.3 million, or $1.15 per share, in the third quarter of 2011..
Oct 25- Precision Drilling Corp, Canada's largest drilling contractor, reported a 53 percent slide in quarterly profit as gas firms cut drilling in the face of weak demand and sliding gas prices. Natural gas prices in the third quarter fell 29 percent from last year, pushing the number of rigs drilling for gas in the United States to a 13- year low this month.
*3rd- quarter EPS $1.91 excluding items vs Street view $1.60. ``They put up a nice solid quarter,'' said RBC Capital Markets analyst Michael Yee. ``What's being appreciated in biotech is the consistent beat and raise by all four of the large cap biotechs this week and that's got the sector on the move.''.