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Latest Business News Wires - Business Headlines

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  • *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.

  • 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.

  • 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.

  • Key Rite Aid revenue metric slips in October Thursday, 1 Nov 2012 | 11:18 AM ET

    CAMP HILL, Pa.-- Rite Aid Corp.' s revenue from established stores slid 1.1 percent in October, as cheaper generic drugs pinched pharmacy sales again and countered the drugstore operator's business gains from Superstorm Sandy.

  • Avon slashes dividend as profit, revenue plunge Thursday, 1 Nov 2012 | 11:17 AM ET

    Avon reported a net profit of $31.6 million, or 7 cents per share, on revenue of $2.55 billion, compared with $164.2 million, or 38 cents per share, on revenue of $2.76 billion a year earlier.

  • US crude oil supplies fell by 2 million barrels Thursday, 1 Nov 2012 | 11:16 AM ET

    NEW YORK-- The nation's crude oil supplies shrank last week, the government said Wednesday. Crude supplies dropped by 2 million barrels, or 0.5 percent, to 373.1 million barrels, which is 9.9 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report Thursday.

  • BCE profit falls, but revenue up Thursday, 1 Nov 2012 | 11:16 AM ET

    Nov 1- BCE Inc, Canada's biggest telecom provider, reported on Thursday lower profit compared with a year earlier, when lower income tax expenses had boosted earnings, but revenue rose. 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.

  • *Jobless claims, rescheduled ADP report on tap. NEW YORK, Nov 1- U.S. stock index futures were little changed on Thursday as investors looked ahead to data that could give a clue into the strength of the economy a day before the crucial payroll report.

  • *Parliament approves bill after lengthy delay. *President seen signing it into law quickly. YANGON, Nov 1- Myanmar's parliament approved a foreign investment bill on Thursday and lawmakers expect it to be signed into law quickly by the president since his office had come up with wording that helped end a dispute over certain clauses.

  • Pfizer quarterly revenue fall far short of forecasts Thursday, 1 Nov 2012 | 11:13 AM ET

    Nov 1- Pfizer Inc reported quarterly revenue well below Wall Street expectations, following the loss of patent protection on its Lipitor cholesterol fighter. That compared with $3.74 billion, or 48 cents per share, in the year-earlier period, when the company recorded a $1.3 billion gain on the sale of its Capsugel business.

  • Pentair posts lower third-quarter profit Thursday, 1 Nov 2012 | 11:13 AM ET

    NEW YORK, Nov 1- Pentair Ltd reported lower quarterly sales and net profit on Thursday in a report that does not yet include results from the Tyco flow control business, which merged with Pentair last month.

  • Libyan oil workers vie for regional vs central control Thursday, 1 Nov 2012 | 11:08 AM ET

    *Protests at Tripoli headquarters over role. TRIPOLI/ BENGHAZI, Libya, Nov 1- Libya's National Oil Corporation is reviewing a proposal for a Benghazi branch as officials contend with opposition by NOC staff in Tripoli versus protests and threats of output cuts by workers in the oil-rich east who want more control there.

  • AMSTERDAM, Nov 1- Dutch Labour member of parliament Jeroen Dijsselbloem looked set to become the country's next finance minister after he was called to a meeting with Prime Minister Mark Rutte on Thursday.

  • *Super storm Sandy seen impacting fuel demand on US East Coast. LONDON, Nov 1- European oil futures fell on Thursday as investors continued to analyse the aftermath of super storm Sandy, while U.S. futures gained as U.S. markets geared back up after the severe battering to the east coast delivered by Sandy.

  • Federal storm aid available for NYC, LI residents Thursday, 1 Nov 2012 | 11:01 AM ET

    NEW YORK-- The Federal Emergency Management Agency says federal funding is being made available to storm-affected residents and business owners in New York City and on Long Island. Assistance includes grants for temporary housing and home repairs, low-cost loans to cover uninsured property losses and other programs.

  • Tandy reports strong sales in October Thursday, 1 Nov 2012 | 10:51 AM ET

    FORT WORTH, Texas-- Tandy Leather Factory Inc. reported Thursday that revenue from its traditional retail stores increased 18 percent in October as it grew in popularity with consumers. The company, based in Fort Worth, Texas, operates 77 Tandy Leather stores in North America that sell leather, leatherworking tools, buckles, saddle hardware and other items.

  • UPDATE 4-At least 22 killed in Riyadh fuel truck blast Thursday, 1 Nov 2012 | 10:44 AM ET

    RIYADH, Nov 1- At least 22 people were killed when a fuel truck crashed into a flyover in the Saudi capital Riyadh on Thursday, triggering an explosion that brought down an industrial building, Saudi state television reported.

  • RPT-PREVIEW-U.S. auto sales seen up 11 pct in October Thursday, 1 Nov 2012 | 10:44 AM ET

    *Storm Sandy may cost industry 100,000 vehicle sales. DETROIT, Oct 31- U.S. auto sales are set to rise 11 percent in October, led by Toyota Motor Corp and Honda Motor Co which benefited from increased demand for compact cars as gasoline prices remained high across the country.

  • Cigna raises full-year adjusted earnings forecast again Thursday, 1 Nov 2012 | 10:22 AM ET

    Nov 1- Health insurer Cigna Corp's quarterly profit more than doubled on growth in premiums and fees from its healthcare business, and the company raised its full-year adjusted earnings outlook for the third time this year.