SAN FRANCISCO— Yahoo CEO Marissa Mayer is losing a precious security blanket now that she is spinning off the Internet company's prized stake in China's Alibaba Group. Investors viewed Yahoo as another way to own a piece of Alibaba, a rapidly growing e-commerce company that is expected to become even more successful during the next decade as more of China's...» Read More
*McDonald's taking on Tim Hortons in Canada. TORONTO, Oct 25- McDonald's Corp has stepped up its expansion in Canada again after holding back for more than five years and the fast food chain's Canadian chief sees the potential for a much larger footprint across the country. McDonald's has about 1,400 outlets in Canada.
LONDON, Oct 25- Miner Anglo American posted increased production in five of its seven key commodities including copper, as it braces for the full impact of crippling South African strikes that have ratcheted up pressure on a management team already under fire.
KANSAS CITY, Mo.-- Shares of Cerner Corp. soared in after-hours trading Thursday after the health care information management company said its third quarter net income increased 25 percent as bookings rose. Cerner predicted fourth-quarter revenue of $670 million to $700 million, and adjusted profit of 62 to 64 cents per share.
*Dow up 0.1 pct, S&P 500 up 0.2 pct, Nasdaq up 0.1 pct. NEW YORK, Oct 25- Wall Street edged up on Thursday, retreating from session highs as investors were wary of betting aggressively after the S&P 500' s worst five-day stretch since May and the data sent more tepid signals on the economy.
*Landfall anywhere from mid-Atlantic to Canada. Oct 25- As Hurricane Sandy makes its way toward the eastern seaboard of the United States, disaster experts and meteorologists warn that the mid-Atlantic and Northeastern states face dangerous winds and heavy rains that could trigger flooding in the coming days.
WASHINGTON-- All the spare parts appear to be coming together to create what forecasters are calling "Frankenstorm," a monster combination of high wind, heavy rain, extreme tides and maybe snow that could cause havoc along the East Coast just before Halloween next week. Hurricane Sandy, having blown through Haiti and Cuba on Thursday, continues to barrel north.
THE SENTENCE: A two-year prison sentence for insider trading at the height of the 2008 economic crisis, by a man who was once one of the nation's most respected business executives, is a fifth of the 10 years requested by the government and well below sentencing guidelines.
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. The S&P 500 is down 20.22 points, or 1.4 percent. The S&P 500 is up 155.37 points, or 12.4 percent.
John Wiley& Sons has completed its $220 million acquisition of online education provider Deltak.edu, the publisher disclosed in a filing with the U.S. Securities and Exchange Commission on Thursday. Deltak.edu LLC is based outside of Chicago and had $54 million in revenue for the year ended Sept. 30. Shares of John Wiley& Sons rose 21 cents to $43.09 Thursday.
*At least three storm-related deaths in Jamaica, Haiti and Cuba. HAVANA, Oct 25- Hurricane Sandy grew into a major potential threat to the east coast of the United States on Thursday after hammering Cuba's second-largest city and taking aim at the Bahamas, U.S. forecasters said.
*Dominion to shut Kewaunee reactor in Wisconsin next year. The three plants Richmond, Virginia- based Dominion is looking to sell are the 1,536- megawatt Brayton Point coal, natural gas and oil-fired plant in Massachusetts; the 1,158- MW Kincaid coal plant in Illinois; and the company's 50 percent stake in the 1,424- MW Elwood gas plant in Illinois.
NEW ORLEANS-- Louisiana Attorney General James "Buddy" Caldwell's office is asking a federal judge to set a trial date for some of the state's economic loss claims against BP PLC stemming from the 2010 oil spill in the Gulf of Mexico.
Wall St view EPS 8 cents. Oct 25- The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 16 percent.
Oct 25- Celgene Corp's quarterly earnings rose 14 percent, beating expectations on strong sales of its Revlimid cancer treatment and lower costs, but investors were more focused on ongoing studies of its promising new medicines and wider uses for Revlimid.
NOVATO, Calif.-- BioMarin Pharmaceutical Inc.' s third quarter loss narrowed, as sales jumped for two of the pharmaceutical company's drugs. The Novato, Calif., company said Thursday after the stock market closed that it lost $5.4 million, or 4 cents per share, in the three months that ended Sept. 30.
AUSTIN, Texas-- American Campus Communities Inc. said Thursday that it will buy 19 student housing properties across the country from Kanye Anderson Capital Advisors LP in a deal worth roughly $862.8 million. American Campus Communities, based in Austin, Texas, is a real estate investment trust with a portfolio of 169 properties across the country.
*U.S. drought alters typical grain trading patterns- Bunge. CHICAGO, Oct 25- Bunge Ltd shares jumped on Thursday as the agribusiness giant doubled quarterly profits by mobilizing its global grain network to supply customers hit by the worst U.S. drought in more than 50 years.
WICHITA, Kan.-- The Justice Department's watchdog agency is objecting to more than $12 million in fees racked up during the first three months of Hawker Beechcraft's bankruptcy proceedings. Trustee Tracy Hope Davis particularly chided the company for fees lawyers billed for the company's failed attempt to pay its eight senior executives millions in bonuses.
NEW YORK-- Total U.S. money market mutual fund assets rose $940 million to $2.569 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets of the nation's retail money market mutual funds fell $1.55 billion to $884.37 billion, the Washington- based mutual fund trade group said Thursday.
But analysts at the Nelson A Rockefeller Institute of Government in Albany, New York, cautioned that state governments were still weathering an unusually slow recovery from the Great Recession and still face fiscal headwinds.