NEW YORK-- Shares of GameStop Corp., which have made strong gains in 2013, sank Friday in spite of the video game retailer's better-than-expected quarterly results and increased outlook.» Read More
The Italian carmaker is preparing to present third-quarter results and has pledged to give a strategy update on Oct. 30, just days after a perfect storm of plant closures, plunging profit and a state bailout rocked Europe's automotive industry.
*Ottawa wanted to review China, Malaysia deals together. OTTAWA/ CALGARY, Oct 26- Malaysian state-owned oil company Petronas was so confident last Friday that its purchase of Progress Energy Resources Corp would be approved by Canada that company officials had drafted a press release to announce the news.
*Agrium believes Jana campaign is effectively over. Shareholders are taking notice as both Agrium and Jana work the phones and hold meetings to make their respective cases, according to investors and sources close to Jana and the company. Agrium's shares closed at $105.88 apiece on the New York Stock Exchange on Thursday.
*Apple to launch iPhone 5 in China in December. SAN FRANCISCO, Oct 25- Apple Inc delivered a second straight quarter of disappointing results and iPad sales fell well short of Wall Street's targets, marring its record of consistently blowing past investors' expectations.
PARIS-- A strike by some Air France employees at the start of a nationwide two-week school vacation is delaying flights but the company has said the effect will be limited. Some flights from Paris Friday morning were slightly delayed. One flight to Bordeaux was canceled, but it was unclear why.
BANGKOK-- World stock markets fell Friday ahead of the U.S. government's estimate of economic growth in the latest quarter, which is expected to show improvement but not enough to jolt the global economy out of its doldrums. Europe's debt crisis has added to headwinds while emerging powerhouses such as China have also slowed.
The stronger pace of expansion, however, is still expected to fall short of what is needed to make much of a dent in unemployment, and will offer little cheer for the White House ahead of the closely contested Nov. 6 presidential election.
*Rebound in UK growth helps push sterling higher. TOKYO/ SYDNEY, Oct 26- The recently-battered yen got a respite in Asian trading after hitting a four-month low against the dollar early Friday, but it was still on track for a second week of losses as markets geared up for the Bank of Japan to ease policy next week.
*Yuan opens at strong-side limit of trading band. SHANGHAI, Oct 26- China's central bank reined in the yuan's appreciation on Friday as the currency hit a record high and bumped against the upper limit of its trading band for the second straight day.
MADRID-- One in four Spaniards are now officially out of work. Spain's National Statistics Institute says the country's unemployment rate rose around 0.4 percentage points in the third quarter on the previous three months to 25 percent. Spain is under pressure to ask for outside aid to help deal with its debts.
MUMBAI, India-- ICICI Bank reported a better-than-expected 30 percent rise in quarterly profit Friday on strong interest income and demand for retail loans, as India's largest private lender managed to improve loan quality despite rising corporate defaults.
DETROIT-- The Detroit Tigers are in the World Series for the second time since 2006. But much of the city seems seasons away from its own grand slam. Whole Foods is building a store north of where the Tigers play, and wealthy optimists are snapping up vacant downtown office buildings and filling them with workers.
*Gold seen trading in $1,700- $1,740 range next week. SINGAPORE, Oct 26- Gold was a tad higher on Friday but heading for its third week of decline after shares inched lower in Asia, the U.S. dollar firmed, and fears about the health of the global economy lingered.
"After last year's small crop, we saw peanut butter prices on average rise 30 percent or more," said Patrick Archer, president of the American Peanut Council. " A 10 percent decrease on a $3 jar of peanut butter, for example, would translate to a savings of 30 cents.
STOCKHOLM-- Swedish wireless equipment maker LM Ericsson has posted a 43 percent plunge in third-quarter net profits as operators have grown more cautious about the economic outlook.
*Shares down 2 pct in Seoul. SEOUL, Oct 26- South Korean technology powerhouse Samsung Electronics Co posted a fourth straight record quarterly profit- of $7.4 billion- with strong sales of its Galaxy range of phones masking sharply lower sales of memory chips.
Germany's economy, which was worth a little under 2.6 trillion last year, in comparison with the U.S.' s 12 trillion, has seen two consecutive years of robust growth. But the Economy Ministry last week cut its growth forecast for 2013 to 1 percent from 1.6 percent, though increased this year's outlook slightly from 0.7 percent to 0.8 percent.
SEOUL, Oct 26- Samsung Electronics Co Ltd, the world's top phone handset maker, sold 56.3 million smartphones in the third quarter, widening its lead over rival Apple Inc, a report by research firm IDC showed.
SEOUL, South Korea-- Kia Motors Corp. reported a lower-than-forecast profit for the third quarter Friday, as a strike and weak demand in South Korea cut into its earnings. South Korea's second-biggest carmaker said its July-September profit rose 28 percent over a year earlier to 829 billion won.