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Latest Business News Wires - Business Headlines


  • Robbins still expects to close sale this year Friday, 26 Oct 2012 | 6:18 PM ET

    HOUSTON-- Robbins& Myers Inc. still intends to close a $2.5 billion sale of the company to National Oilwell Varco Inc. by the end of the year, despite additional regulatory review of the deal.

  • WASHINGTON, Oct 26- Fannie Mae and Freddie Mac are expected to require less taxpayer aid and may be able to stop tapping government coffers as early as next year, the U.S. housing regulator said on Friday, partly because the health of the bailed-out companies has improved.

  • FDIC closes small bank in Pennsylvania Friday, 26 Oct 2012 | 6:14 PM ET

    The Federal Deposit Insurance Corp. seized NOVA Bank, based in Berwyn, Pa.. The FDIC said it was unable to find a financial institution to take over the failed bank's operations, so it will retain NOVA's assets for later disposition. The lender is the second FDIC- insured institution in Pennsylvania to fail this year.

  • PARIS, Oct 26- Greece's opposition leader denounced international lenders' demands as dealing the ``final blow'' to a devastated economy but said on Friday he would not seek to bring down the government.

  • Oct 25- McDonald's Corp will start selling bags of its ground coffee i n some of its Canadian re staurants i n November, its Canadian chief told Reuters on Thursday, in a likely challenge to rivals like Starbucks Corp, Dunkin' Donuts and Tim Hortons Inc..

  • Hurricane Sandy weakens a little - NHC Friday, 26 Oct 2012 | 6:10 PM ET

    Oct 26- Hurricane Sandy has weakened a little, with maximum sustained winds dropping to near 75 miles per hour though with higher gusts, the U.S. National Hurricane Center said in its latest bulletin on Friday.

  • U.S. power companies brace for Hurricane Sandy Friday, 26 Oct 2012 | 6:09 PM ET

    Oct 26- U.S. electric companies from Maine to Florida were bracing for heavy wind, rain and flooding that could take down power lines and threaten to close some East Coast nuclear plants early next week when Hurricane Sandy comes ashore.

  • US STOCKS-Wall St slips as sour Apple results weigh Friday, 26 Oct 2012 | 6:06 PM ET

    NEW YORK, Oct 26- U.S. stocks edged lower on Friday, as investors fretted about Apple's weaker-than-expected results- the latest in a string of lackluster earnings- and signs that economic growth is still not strong enough to make a significant reduction in unemployment. Apple's stock lost 1.4 percent to $601.18.

  • NASSAU, Oct 26- Slow-moving Hurricane Sandy, a late season Atlantic storm unlike anything seen in more than two decades, slogged toward the U.S. East Coast on Friday after killing at least 34 people on a path destruction across the Caribbean.

  • Shares of the Dallas, Texas- based Dean Foods Co spin-off changed hands at $16.87, after pricing at $17 on Thursday evening. Reuters reported late on Thursday that Mexico's Grupo Lala, Michael Foods and Apollo were eyeing the Morningstar business, which could be valued between $1 billion and $1.5 billion.

  • US Steel's 3Q results expected to drop Friday, 26 Oct 2012 | 6:03 PM ET

    PITTSBURGH-- United States Steel Corp.' s third-quarter results Tuesday should shed some light on the appetite for steel in the sluggish global economy. WHAT TO WATCH FOR: The Pittsburgh manufacturer warned investors in late July that slower global growth could be a drag on third-quarter results.

  • Celanese increases acrylic emulsion prices Friday, 26 Oct 2012 | 6:00 PM ET

    DALLAS-- Specialty chemicals company Celanese Corp. said Friday that it will increase the price of acrylic-based emulsions sold in the Americas.

  • NEW YORK, Oct 26- Prices for U.S. Analysts said that number could not only shed light on the nascent labor market recovery but also influence an increasingly tight election for the presidency between Republican Mitt Romney and Democrat Barack Obama.

  • UPDATE 3-US court rejects Argentina debt fix Friday, 26 Oct 2012 | 5:58 PM ET

    *Argentina treated bondholders unequally- court. NEW YORK, Oct 26- A U.S. appeals court said Argentina improperly discriminated against bondholders who refused to take part in two massive debt restructurings, setting back the country's efforts to recover from a roughly $100 billion default a decade ago.

  • Qlik Technologies shares fall after 3Q miss Friday, 26 Oct 2012 | 5:56 PM ET

    LOS ANGELES-- Shares of business intelligence software maker Qlik Technologies Inc. fell 8 percent Friday, a day after the company reported third-quarter earnings and revenue that fell short of analysts' estimates.

  • WASHINGTON, Oct 26- U.S. economic growth accelerated in the third quarter a s stepped-up purchases by consumers an d a surprise turnaround in government sp ending of f set the first cutback in business investment in more than a year.

  • CVB names Kruse as chairman of the board Friday, 26 Oct 2012 | 5:48 PM ET

    ONTARIO, Calif.-- CVB Financial Corp. said Friday that it has appointed Ronald Kruse as chairman of the board of CVB Financial Corp. and its banking subsidiary Citizens Business Bank. Borba formed Chino Valley Bank in 1974 with his brother and several other businessmen, which later became Citizens Business Bank.

  • PARIS, Oct 26- Greece's opposition leader denounced international lenders' demands as dealing the ``final blow'' to a devastated economy but said on Friday he would not seek to bring down the government.

  • Ark. approves Entergy plan to join grid manager Friday, 26 Oct 2012 | 5:41 PM ET

    JACKSON, Miss.-- Arkansas regulators are giving cautious approval to Entergy Corp.' s plans to let an outside group manage power transmission. Entergy wants its utilities to join the Midwest Independent Transmission System Operator, or MISO. Entergy still needs blessings from Mississippi and New Orleans city officials.

  • American economy expands at modest 2 percent pace Friday, 26 Oct 2012 | 5:40 PM ET

    Voters who are still undecided about the presidential election aren't likely to be swayed by Friday's mixed report from the Commerce Department. "For the average American, I don't think changes in quarterly GDP" make a big difference in their perception of the economy, said Andrew Kohut, president of the Pew Research Center. "