Latest Business News Wires - Business Headlines


  • 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.

  • *UK will veto any budget deal bad for UK taxpayer- finance minister. LONDON, Nov 1- Britain faces a crisis that could end with the world's sixth largest economy leaving the European Union, Deputy Prime Minister Nick Clegg warned ahead of a showdown over budget spending with other states in the 27- member bloc.

  • Marathon Petroleum profit jumps after asset sale Thursday, 1 Nov 2012 | 11:45 AM ET

    Nov 1- Marathon Petroleum Corp, which recently agreed to pay $2.5 billion for BP Plc's Texas City refining complex, reported on Thursday an 8 percent jump in quarterly profit, due in part to the sale of assets in Minnesota earlier this year.

  • UPDATE 1-Avon slashes dividend as profit plunges Thursday, 1 Nov 2012 | 11:44 AM ET

    Nov 1- Avon Products Inc slashed its dividend by nearly 74 percent on Thursday, while also announcing measures to cut costs by at least $400 million within three years and reporting a steep plunge in third-quarter earnings.

  • AMSTERDAM, Nov 1- Jeroen Dijsselbloem looked set to become the next Dutch finance minister after Prime Minister Mark Rutte summoned the Labour MP, who is expected to back austerity at home and a tough line on euro zone deficit sinners, to a meeting on Thursday.

  • Growing numbers of accountants, banks and consultants are signing lengthy office leases in Luxembourg and the Channel Islands as they flock to serve customers seeking the legal ways to cut their tax bills offered by having a offshore base.

  • NRC to give update on Zion nuclear decommissioning Thursday, 1 Nov 2012 | 11:41 AM ET

    ZION, Ill.-- The Nuclear Regulatory Commission says it will update the public on decommissioning activities at the shuttered Zion Nuclear Power Station. The NRC says the public is invited to ask questions at a Thursday evening meeting at the Illinois Beach Resort and Conference Center.

  • *Lonmin PLC may restructure after violent strike Thursday, 1 Nov 2012 | 11:41 AM ET
  • Nov 1- CBOE Holdings Inc, which runs the biggest and oldest U.S. stock-options market, said third-quarter earnings had fallen 16 percent, hurt by a drop in trading. The operator of the Chicago Board Options Exchange reported a profit of $37.7 million, or 43 cents a share, excluding one-time tax items. That was down from $44.7 million, or 50 cents a share, a year earlier.

  • *Q3 sales $13.98 billion, vs. forecast of $14.64 billion. Nov 1- Pfizer Inc reported on Thursday quarterly revenue well below Wall Street expectations, on sharply weaker sales of specialty care drugs and a pullback of emerging market revenue. Global sales fell 16 percent to $13.98 billion, well below Wall Street expectations of $14.64 billion.

  • *Yen dips on worries about Japan, importer selling. Traders said many investors were seeking to buy the dollar on any dip in its value, targeting a rise to 83- 84 yen in the coming months as bets grow that the Bank of Japan will have to take additional monetary easing measures to fight off deflation.

  • Hospital chief new Fla. Chamber of Commerce chair Thursday, 1 Nov 2012 | 11:33 AM ET

    TALLAHASSEE, Fla.-- Orlando hospital executive Lars Houmann is the Florida Chamber of Commerce's new chairman. The business group announced Houmann's election on Wednesday as board chairman for 2012-13. He will succeed Anthony Connelly, senior vice president of Walt Disney Parks& Resorts, on Nov. 1, and serve a one-year term.

  • Nov 1- Printing firm RR Donnelley& Sons Co reported third-quarter revenue that missed analysts' estimates, hurt by weak printing volumes, and it lowered its full-year forecast. For the full-year 2012, the company lowered its revenue forecast to $10.1 billion to $10.2 billion from its earlier forecast of $10.4 billion to $10.5 billion.

  • UPDATE 1-Pentair profit tops Wall Street forecasts Thursday, 1 Nov 2012 | 11:25 AM ET

    Nov 1- Pentair Ltd reported a higher-than-expected profit on Thursday in a report that does not yet include results from the Tyco International flow control business, which merged with the company last month.