BofA's $17 B settlement not as large as it appears Why Bank of America deal might not cost it $17 B Sears 2 Q loss widens on sluggish sales China data drags on Asian stocks, but Europe gains Growth in China manufacturing weakens in August Some Fed officials want to slow economic help soon Yellen to give her outlook as Fed honeymoon fades Report: Russia conducts checks at McDonald's Apple's stock bounces back to hit a new high Man sentenced over lead poisoning of 5 workers» Read More
*Shares down 2 pct in Seoul. SEOUL, Oct 26- South Korean technology powerhouse Samsung Electronics Co posted a fourth straight record quarterly profit- of $7.4 billion- with strong sales of its Galaxy range of phones masking sharply lower sales of memory chips.
Germany's economy, which was worth a little under 2.6 trillion last year, in comparison with the U.S.' s 12 trillion, has seen two consecutive years of robust growth. But the Economy Ministry last week cut its growth forecast for 2013 to 1 percent from 1.6 percent, though increased this year's outlook slightly from 0.7 percent to 0.8 percent.
SEOUL, Oct 26- Samsung Electronics Co Ltd, the world's top phone handset maker, sold 56.3 million smartphones in the third quarter, widening its lead over rival Apple Inc, a report by research firm IDC showed.
SEOUL, South Korea-- Kia Motors Corp. reported a lower-than-forecast profit for the third quarter Friday, as a strike and weak demand in South Korea cut into its earnings. South Korea's second-biggest carmaker said its July-September profit rose 28 percent over a year earlier to 829 billion won.
LONDON-- Cynthia Carroll says she will step down as chief executive of mining company Anglo American PLC as soon as her successor is chosen. In a statement released by the company on Friday, Carroll made no reference to reports that some investors had lost faith in her leadership and were pressing for her to go.
BEIJING, Oct 26- China's largely rubber stamp parliament has expelled disgraced former senior politician Bo Xilai, state news agency Xinhua said on Friday, paving the way for formal criminal charges to be laid against him.
*Apple full-year revenue jumps 45 pct to $156.5 bln. SAN FRANCISCO, Oct 25- Apple Inc delivered a second straight quarter of disappointing results and iPad sales fell well short of Wall Street's targets, marring its record of consistently blowing past investors' expectations.
BEIJING, Oct 26- China's largely rubber stamp parliament has expelled disgraced former senior politician Bo Xilai, state news agency Xinhua said on Friday, paving the way for formal criminal charges to be laid against him. Xinhua said the Standing Committee of the National People's Congress, China's parliament, ``announced the termination of Bo Xilai's post''.
Benchmark oil for December delivery was down 86 cents to $85.18 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 32 cents to finish at $86.05 a barrel in New York on Thursday, the only day this week that oil prices have risen. Brent crude fell $1.04 cents to $107.45 a barrel in London.
TOKYO, Oct 26- Japan's cabinet approved a 422.6 billion yen economic stimulus package of subsidies and tax grants on Friday that will tap budget reserves to avoid selling new debt.
SEOUL, South Korea-- South Korea's economic growth slowed to a three-year low last quarter as private investment fell sharply, outweighing an increase in spending by the government and households. The Bank of Korea said Friday that Asia's fourth-largest economy expanded 1.6 percent over a year earlier in the three months ended Sept. 30.
TOKYO-- Toyota sold 7.4 million vehicles around the world in the first nine months of the year, up 28 percent from a year earlier, but its strong growth faces headwinds from a sales plunge in China that could unseat it as the world's top automaker.
BEIJING-- Chinese investors evaded government controls to move more than $600 billion out of the country last year and the outflow is increasing, fueling economic and political risks as communist leaders prepare for a handover of power, a Washington- based monitoring group says.
WARREN, N.J.-- Property and casualty insurer Chubb's third-quarter net income more than doubled, benefiting from fewer losses from catastrophes, rate increases and a strong underwriting performance. Chubb reported $17 million in catastrophe losses during the quarter.
NEW YORK-- Oppenheimer Holdings Inc. reported Friday that its third-quarter net income rose 10 percent, as lower expenses helped make the best of flat revenue. Albert Lowenthal, CEO of the New York investment firm, said that while the economy remains uncertain, the U.S. equity markets have continued to perform remarkably well.
NEW ORLEANS-- To avoid disruptions from the Super Bowl and Mardi Gras, a federal judge in New Orleans has postponed a trial for claims spawned by BP's massive 2010 oil spill in the Gulf of Mexico. U.S. District Court Judge Carl Barbier announced during a hearing Friday that he is moving the start of the trial from Jan. 14 to Feb. 25.
AVON, Conn.-- Magellan Health Services Inc., which helps health plans, employers and government agencies manage health benefits, said Friday that its net income more than doubled in the third quarter on a large one-time tax benefit. Magellan said its net income rose to $66.3 million, or $2.36 per share, from $31.4 million, or $1.03 per share.
SINGAPORE, Oct 26- Gold was little changed on Friday, heading for its third week of decline after shares inched lower in Asia, the U.S. dollar firmed, and fears about the health of the global economy lingered. *Gold was steady at $1,712.18 an ounce by 0034 GMT.
NEW YORK-- Shares of Stamps.com jumped Friday after posting strong third-quarter results and raised its guidance for 2012.. Net income far surpassed Wall Street estimates, and Stamps.com raised its net income and revenue forecasts for the full year.
*Shares down 1.3 pct in early Seoul trade. SEOUL, Oct 26- South Korean technology powerhouse Samsung Electronics Co posted a fourth straight record quarterly profit- of $7.4 billion- with strong sales of its Galaxy range of phones masking sharply lower memory chip sales.