Latest Business News Wires - Business Headlines


  • UPDATE 3-Simon Property FFO rises, tops expectations Thursday, 25 Oct 2012 | 7:25 PM ET

    *Q3 FF0 $1.99/ share vs Street view $1.92. Oct 25- Simon Property Group Inc reported a 19 percent increase in a key earnings measure Thursday on higher rents and sales at its malls and outlet centers, easily beating estimates, and the real estate investment trust raised its outlook for the year.

  • EXCLUSIVE-Gardner Denver explores sale-sources Thursday, 25 Oct 2012 | 7:21 PM ET

    NEW YORK, Oct 25- Industrial machinery maker Gardner Denver Inc is exploring a sale and has drawn initial interest from several major private equity firms, according to people familiar with the matter, in a deal that would top $3 billion.

  • NEW YORK, Oct 25- A panel of judges explored the ramifications Thursday of a potential reversal of hedge fund tycoon Raj Rajaratnam's conviction as they heard arguments on whether FBI wiretap evidence should have been allowed at his insider-trading trial.

  • French prosecutor wants to question Madoff, UBS -source Thursday, 25 Oct 2012 | 7:20 PM ET

    PARIS, Oct 25- France's prosecutor has asked an investigating judge to question jailed swindler Bernard Madoff and Swiss bank UBS as part of a probe of investor losses from Madoff's multibillion-dollar Ponzi scheme, a judicial source told Reuters.

  • UPDATE 1-Nigerian oil exports to rebound after floods Thursday, 25 Oct 2012 | 7:19 PM ET

    GENEVA, Oct 25- Nigerian oil exports in December are expected reach the highest level since May, pointing to a swift recovery of production after floods knocked out a fifth of the output in the top African producer.

  • NEW YORK, Oct 25- Brent crude futures edged higher on Thursday after seven straight sessions of losses, as the threat of Hurricane Sandy to East Coast gasoline and heating oil supplies lifted markets.

  • SAO PAULO, Oct 25- Brazil's banking sector will undergo profound changes over the next two years as government efforts to keep interest rates at record lows translate into lower credit costs and more competition, the head of the nation's largest foreign lender said on Thursday.

  • *At least three storm-related deaths in Jamaica, Haiti and Cuba. HAVANA, Oct 25- Hurricane Sandy swelled into a serious threat to much of the U.S. East Coast on Thursday after hammering Cuba's second-largest city and taking aim at the Bahamas, U.S. forecasters said.

  • UPDATE 3-United Continental profit falls, shares down Thursday, 25 Oct 2012 | 7:11 PM ET

    Oct 25- United Continental Holdings Inc, the world's biggest airline, missed Wall Street estimates for third-quarter profit as revenue fell and expenses rose, sending its shares down nearly 4 percent on Thursday.

  • WASHINGTON, Oct 25- Two influential U.S. senators on Thursday urged regulators to resolve any differences and finish writing a controversial ban on proprietary trading known as the Volcker rule.

  • HealthSouth profit falls, but beats expectations Thursday, 25 Oct 2012 | 7:06 PM ET

    BIRMINGHAM, Ala.-- Hospital operator HealthSouth Corp. reported a smaller third-quarter profit Thursday as expenses increased, though company results still beat Wall Street expectations. HealthSouth said revenue increased 7.9 percent to $537 million as the company treated 4.2 percent more patients in the quarter.

  • US STOCKS-Wall St gains slightly, led by P&G Thursday, 25 Oct 2012 | 7:04 PM ET

    *Dow up 0.1 pct, S&P 500 up 0.2 pct, Nasdaq up 0.2 pct. NEW YORK, Oct 25- Wall Street rose modestly on Thursday after the S&P 500' s worst five-day stretch since May, but economic figures and corporate results were not strong enough to inspire heavy buying.

  • *Adjusted loss 5 cents/ share vs Street view loss 7 cents. Oct 25- Fashion company Fifth& Pacific Cos Inc on Thursday said sales at its struggling Juicy Couture brand are improving so far this quarter and gave an encouraging holiday sales forecast for all three of its major brands, sending its shares up 11.4 percent.

  • Native women face patchwork of policies for Plan B Thursday, 25 Oct 2012 | 6:58 PM ET

    FLAGSTAFF, Ariz.-- Months after the federal Indian Health Service said it was finalizing a policy that would make emergency contraception more accessible to American Indian women, advocates say they're still waiting.

  • TORONTO, Oct 25- McDonald's Corp will start selling ground coffee in major Canadian stores in November, in a new challenge to rivals like Starbucks Corp and Dunkin Donuts. The coffee, priced at C $6.99 for 340 grams, launches as McDonald's steps up its expansion in Canada, after holding back for more than five years. McDonald's has about 1,400 outlets in Canada.

  • Yahoo CEO Mayer buys mobile start-up Thursday, 25 Oct 2012 | 6:55 PM ET

    SAN FRANCISCO, Oct 25- Yahoo Inc said on Thursday it bought a small, mobile start-up company in New York, marking one of new Chief Executive Marissa Mayer's first moves to revamp the struggling Web pioneer by acquiring outside products and technology.

  • Constant Contact 3Q profit rises 22 percent Thursday, 25 Oct 2012 | 6:52 PM ET

    WALTHAM, Mass.-- Online marketing company Constant Contact Inc. said Thursday that its third-quarter profit rose 22 percent as revenue rose, although the rate at which trial users were converted into customers was below expectations.

  • HONG KONG, Oct 26- Adam Gazal trained for six months to stand in the ring for six minutes of live boxing. The managing partner of National Australia Bank was one of 14 contenders who on Thursday took part in Hong Kong's sixth annual IronMonger Hedge Fund Fight Night, a fundraising event that is now a staple of the city's financial community.

  • *Stronger than expected UK growth supports risk-on trade. *Treasury sells $29 billion in seven-year notes. ``Today's auction was pretty lackluster,'' said Kim Rupert, managing director of global fixed income analysis at Action Economics in San Francisco.

  • NEW YORK, Oct 25- U.S. crude futures rose on Thursday in choppy trading, snapping a string of five lower settlements, boosted by supportive UK economic data and a rally by refined products futures on concerns about Hurricane Sandy affecting refineries on the East Coast.