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Latest Business News Wires - Business Headlines


  • Georgia store offers gun raffle tickets to voters Thursday, 25 Oct 2012 | 8:00 AM ET

    ATLANTA-- Want a chance to win a rifle or handgun? That's the message from an Atlanta- area sporting goods store. Georgia law prohibits anyone from giving or receiving money or gifts in exchange for voting, and felony charges could be brought if the law were broken, Secretary of State Brian Kemp said in a statement.

  • Arctic Cat 2Q net income rises on new vehicles Thursday, 25 Oct 2012 | 7:57 AM ET

    MINNEAPOLIS-- Arctic Cat Inc. said Thursday its fiscal second-quarter net income rose 17 percent on demand for new recreational vehicles. Arctic Cat began shipping its new 2013 model year all-terrain and recreational vehicles during the quarter.

  • United Continental reports smaller 3Q profit Thursday, 25 Oct 2012 | 7:56 AM ET

    It was a rough third quarter for United Airlines. 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. But excluding that charge, its profit of $1.35 per share was still 12 cents less than analysts expected, according to FactSet.

  • Lending still weak in slack eurozone economy Thursday, 25 Oct 2012 | 7:55 AM ET

    FRANKFURT, German-- Another drop in lending to companies in the 17- country eurozone showed the economic downturn is deepening, as a brighter mood on financial markets fails to catch on with businesses.

  • Colgate to cut 6 pct of workforce in 4 years Thursday, 25 Oct 2012 | 7:54 AM ET

    NEW YORK-- Colgate-Palmolive will cut more than 2,310 workers, or 6 percent of its workforce, by the end of 2016 in a push to make the consumer products company more efficient. Consumer product companies like Colgate-Palmolive have increasingly looked outside of the U.S. to sustain growth but that has become problematic in recent years.

  • LONDON, Oct 25- WPP, the world's largest advertising group, has cut its revenue outlook for the second time in as many months after a sharp slowdown in September in North America and Continental Europe hit its third quarter.

  • AutoNation 3Q profit rises 15 pct. on strong sales Thursday, 25 Oct 2012 | 7:49 AM ET

    DETROIT-- AutoNation Inc., the country's largest auto dealership chain, said Thursday that its third-quarter net income rose more than 15 percent as it benefited from the continued rebound in U.S. new-car sales. The Fort Lauderdale, Fla., company said it earned $81.6 million, or 66 cents per share, in the quarter ended Sept. 30.

  • LONDON, Oct 25- Miner Anglo American reported increased volumes in five of its seven key commodities while bracing for the full impact of South African strikes on platinum and iron ore output.

  • ZURICH, Oct 25- Credit Suisse will cut an extra 1 billion Swiss francs of costs, including axing more jobs, after its third-quarter net profit more than halved due to losses on the value of its own debt.

  • US futures up ahead of jobs, manufacturing numbers Thursday, 25 Oct 2012 | 7:45 AM ET

    NEW YORK-- Stock futures are climbing ahead of what is expected to be largely positive news on both the jobs front and the manufacturing sector. More earnings reports are coming in Thursday from companies like United, Procter& Gamble and Apple.

  • LONDON, Oct 25- The dollar hit a four-month high against the yen on Thursday on expectations of monetary stimulus measures in Japan.

  • Marlboro maker Altria 3Q profit falls on charges Thursday, 25 Oct 2012 | 7:38 AM ET

    RICHMOND, Va.-- Marlboro maker Altria Group Inc. says its third-quarter profit fell 44 percent on charges for a loss on early extinguishment of debt. The owner of the nation's biggest cigarette maker, Philip Morris USA, reported net income of $657 million, or 32 cents per share, for the period ended Sept. 30.

  • TOKYO, Oct 25- Benchmark Japanese government bonds fell slightly on Thursday, underpinned by growing expectations for more easing at the Bank of Japan's meeting next week but also pressured as those expectations weakened the yen and lifted stocks.

  • Wal-Mart, in China, pushes suppliers down green path Thursday, 25 Oct 2012 | 7:30 AM ET

    BEIJING, Oct 25- Wal-Mart Stores Inc has given global suppliers five years to comply with its environmental rules or risk being pushed off U.S. shelves at the world's largest retailer, expanding a sustainability campaign launched in 2009..

  • Procter & Gamble 1Q net income dips Thursday, 25 Oct 2012 | 7:27 AM ET

    CINCINNATI-- Procter& Gamble says its first quarter net income fell 7 percent, as costs related to a restructuring and the stronger dollar weighed on results. Procter& Gamble is in the midst of a plan to cut costs and focus on its most profitable markets and categories. P&G says net income fell to $2.81 billion, or 96 cents per share, for the three months ended Sept. 30.

  • *Starwood Hotels 3Q profit up on rates, occupancy Thursday, 25 Oct 2012 | 7:15 AM ET
  • Dunkin' Brands 3Q profit rises, sales growth slows Thursday, 25 Oct 2012 | 7:15 AM ET

    CANTON, Mass.-- Dunkin' Brands nearly quadrupled its net income during the third quarter as the company trimmed expenses enough to offset slowing sales growth at its Dunkin' Donuts and Baskin-Robbins stores. Dunkin' earned $29.5 million for the three months ended Sept. 29, compared with $7.4 million a year ago.

  • Weak earnings pressure European shares early on Thursday, 25 Oct 2012 | 7:12 AM ET

    LONDON, Oct 25- European shares fell on Thursday as third-quarter results from the likes of WPP and UPM-Kymmene highlighted worries over the outlook for global growth and earnings and helped keep equities in a tight range.

  • Strengthening Hurricane Sandy slams into Cuba Thursday, 25 Oct 2012 | 7:09 AM ET

    *Makes landfall southwest of Santiago de Cuba. *Storm to cross Cuba in several hours, headed to Bahamas. HAVANA, Oct 25- Hurricane Sandy, strengthening rapidly after crossing the warm Caribbean Sea, slammed into southeastern Cuba early on Thursday with 110 mph winds that cut power and blew over trees across the city of Santiago de Cuba.

  • Markets get earnings cheer ahead of Apple Thursday, 25 Oct 2012 | 7:07 AM ET

    German industrial conglomerate BASF, consumer products company Unilever and Swiss bank Credit Suisse all enjoyed strong share price gains after their reports. Procter& Gamble, for example, led the Dow Jones industrial average higher after the giant consumer products company reported earnings that beat analysts' expectations.