Oct 13- Legislation to create a financial control board for heavily indebted Puerto Rico will be filed on Thursday or Friday, the U.S. territory's government affairs secretary Jesus Manuel Ortiz said on Tuesday. Puerto Rico has seen its debt balloon to $72 billion, while the number of taxpayers shouldering the burden has dwindled, with thousands moving to the...» Read More
JACKSON, Mich.-- CMS Energy posted a 6 percent rise in net income for the third quarter, as sweltering heat boosted the use of air condition and economic activity in Michigan heated up as well. The Jackson, Mich., electric and gas company reported net income of $148 million in the quarter, or 55 cents per share.
It was a rough third quarter for United Airlines. "We recognize that some of our customers chose to fly other airlines during the summer, when our operational performance degraded," CEO Jeff Smisek said on a conference call. Net income for United Continental Holdings Inc. dropped to $6 million, or 2 cents per share, from $653 million, or $1.69 per share, a year earlier.
Oct 25- Occidental Petroleum Corp reported a higher-than-expected quarterly profit on Thursday as growing output helped make up for lower oil and gas prices, and its shares rose 2 percent. The fourth-largest U.S. oil company said net profit fell to $1.38 billion, or $1.69 per share, from $1.77 billion, or $2.17 per share, a year earlier.
LONDON, Oct 25- Accused UBS fraudster Kweku Adoboli will not start giving evidence on Thursday as expected because last-minute legal arguments arose at his trial in London. Adoboli had been expected to enter the witness box but the jury were sent away at lunchtime after the judge and lawyers agreed that they needed the rest of the day to have legal arguments.
PITTSBURGH-- Mylan Inc., a maker of generic and specialty prescription drugs, on Thursday posted a 35 percent increase in net income in the third quarter, mainly due to a big jump in sales. The Pittsburgh- based company raised its 2012 profit forecast, to a range of $2.50 to $2.60 per share, after having increased the forecast in May from its earlier $2.30 to $2.50 range.
Oct 25- The New York Times Co reported worse-than-expected results on Thursday as advertisers pulled back spending on both print and digital outlets. Adjusting for severance costs and other special items, the company reported a quarterly loss of 1 cent per share, well below expectations of earnings of 8 cents per share.
NEW YORK, Oct 25- U.S. benchmark yields touched a five-week high on Thursday ahead of the sale of seven-year notes and after the Federal Reserve on Wednesday stuck to its monetary policy, prompting some Treasury investors to book profits.
CHICAGO, Oct 25- The decline in trading on CME Group Inc's futures exchanges this year is more the result of a sluggish economy and uncertainty over tax policy rather than regulatory changes affecting the futures industry, CME's executive chairman said on Thursday.
DUBLIN, Oct 25- Europe must follow through on its pledge to ease Ireland's debt burden through direct recapilisation of its banks, or it risks leaving the country dependent on official financing, the International Monetary Fund said on Thursday.
PARMA, Ohio-- GrafTech International Ltd. said Thursday that third-quarter profit and revenue fell. GrafTech sells products used in steelmaking and other industries.
SAO PAULO, Oct 25- Brazil's unemployment rate rose slightly in September despite a pick up in hiring as more people started looking for jobs, government data showed on Thursday. Brazil's jobless rate edged up to 5.4 percent, statistics agency IBGE said, from 5.3 percent in August.
MEXICO CITY, Oct 25- Mexico's main competition watchdog said on Thursday it had started an investigation into possible monopolistic practices in the country's mobile phone market, which is dominated by tycoon Carlos Slim. Slim's mobile phone company America Movil has about 70 percent of Mexico's market.
*U.S. drought alters typical grain trading patterns- Bunge. CHICAGO, Oct 25- Agribusiness giant Bunge Ltd reported weaker-than-expected third-quarter results and said global grain trading would remain ``volatile and complex'' following the worst U.S. drought in more than half a century.
NEW YORK, Oct 25- U.S. stocks opened higher on Thursday on optimism the economies of both the U.S. and China may be recovering. Jobless claims fell by 23,000 in the latest week while the Ministry of Industry and Information Technology said China's factory output should grow faster sequentially in the fourth quarter.
LONDON, Oct 25- Brent crude oil rose to around $109 per barrel on Thursday, consolidating after seven days of falls as better-than-expected data suggested the world economy was recovering, but analysts said the overall outlook for oil prices was bearish.
Sees' 12 EPS $2.91- $2.96/ shr; Prior view was $2.95- $3.05/ shr. Oct 25- Mead Johnson Nutrition Co reported quarterly profit slightly below analysts' expectations and cut its full-year outlook, hurt by a slowdown in China, sending shares about 4 percent lower in premarket trading.
The study comes fast on the heels of news that U.S. health regulators are investigating reports of five deaths that may be associated with Monster Beverage Corp's Monster Energy drink.
*Outlook for 2012 now $5.10 per share. Oct 25- Aetna Inc reported a higher-than-expected quarterly profit on Thursday, saying it had reached its 2012 membership goal ahead of schedule, held down costs with doctors and benefited from higher medical insurance premiums.
*Lifts full-year profit view by 15 cents to $1.85- $1.95. But Royal Caribbean said on Thursday that the effect of that accident ``has continued to wane'' and that bookings in the third quarter were stronger than it had expected, even in Europe, where the Costa Concordia accident made headlines for months.
NEW YORK-- Shares of Citrix Systems Inc. dropped more than 5 percent on Thursday as the business software maker's fiscal third-quarter revenue came in below Wall Street's expectations. The company forecast fourth-quarter adjusted earnings of 83 to 85 cents per share on revenue of $700 million to $710 million.