HONG KONG— As skyscrapers around Hong Kong harbor erupted into a reverie of laser beams and giant digital displays during their synchronized nightly light show, one innocuous 28- story building near the water's edge had stayed dark for months, clad in bamboo scaffolding for a face-lift.» Read More
AUSTIN, Texas-- American Campus Communities Inc. said Thursday that it will buy 19 student housing properties across the country from Kanye Anderson Capital Advisors LP in a deal worth roughly $862.8 million. American Campus Communities, based in Austin, Texas, is a real estate investment trust with a portfolio of 169 properties across the country.
*U.S. drought alters typical grain trading patterns- Bunge. CHICAGO, Oct 25- Bunge Ltd shares jumped on Thursday as the agribusiness giant doubled quarterly profits by mobilizing its global grain network to supply customers hit by the worst U.S. drought in more than 50 years.
NEW YORK-- Total U.S. money market mutual fund assets rose $940 million to $2.569 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets of the nation's retail money market mutual funds fell $1.55 billion to $884.37 billion, the Washington- based mutual fund trade group said Thursday.
WICHITA, Kan.-- The Justice Department's watchdog agency is objecting to more than $12 million in fees racked up during the first three months of Hawker Beechcraft's bankruptcy proceedings. Trustee Tracy Hope Davis particularly chided the company for fees lawyers billed for the company's failed attempt to pay its eight senior executives millions in bonuses.
But analysts at the Nelson A Rockefeller Institute of Government in Albany, New York, cautioned that state governments were still weathering an unusually slow recovery from the Great Recession and still face fiscal headwinds.
SAN FRANCISCO-- Diamond Foods Inc. said Thursday that it will restate two additional quarters of financial data as the snack food company tries to clean up the fallout from its improper accounting of payments to walnut growers.
BELLEVUE, Wash.-- Online travel agency Expedia Inc.' s third-quarter net income fell 18 percent, but its adjusted profit beat expectations. Expedia's core business is selling hotel stays through sites including Expedia and Hotels.com.
ROCHESTER, N.Y.-- Monro Muffler Brake Inc. said Thursday its net income fell 24 percent to $11.5 million in its fiscal second quarter, as revenue increases from new stores were offset by same-store declines in brake repairs and other services. Revenue rose 2 percent to $176.5 million thanks to the Aug. 12 acquisition of 17 new stores in Wisconsin and South Carolina.
NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Under Armour Inc., down $3.69 at $52.93. Skechers USA Inc., up 31 cents at $16.92.
*Raises 2012 forecast for U.S. Dunkin' Donuts unit growth. Oct 25- Dunkin' Brands Group Inc on Thursday raised its full-year profit forecast after share buybacks and steady sales at U.S. Dunkin' Donuts restaurants bolstered third-quarter results amid stiff competition in its core U.S. market.
MINNEAPOLIS-- Xcel Energy Inc. said Thursday that its third-quarter earnings rose 18 percent, beating expectations, as the utility company was helped by hot weather and rate hikes for electric and natural gas service and lower costs.
PROFIT DOWN: Credit Suisse Group, Switzerland's second-largest bank, reported net profit of 254 million Swiss francs, down 63 percent from a year ago. CUTS: The Zurich- based bank said it will boost cost cutting. It already had plans to cut 3 billion francs in costs and shed 7 percent of its workforce, or about 3,500 employees.
People were arrested in five states Wednesday as part of a sweeping investigation aimed at bookmakers and money couriers connected to Internet and phone gambling, including men who prosecutors identified as owners of the online gambling site Pinnacle Sports.
*UK economy posts GDP rise in third quarter. *Coming up: CFTC positions data 3:30 p.m. EDT Friday. NEW YORK, Oct 25- Brent crude futures edged higher in choppy trading on Thursday, lifted by economic data, but gains were limited by rising oil inventories and tepid demand figures.
LONDON, Oct 25- Copper steadied on Thursday as a commitment by the U.S. Federal reserve to stimulate growth, and encouraging data from the United States as well as from top metals consumer China were offset by a stronger dollar. Benchmark copper on the London Metal Exchange ended at $7,815 a tonne, from a close of $7,817 on Wednesday.
*Stronger than expected UK growth supports risk-on trade. NEW YORK, Oct 25- U.S.
NEW YORK-- Burger King Worldwide Inc. reports its third-quarter results Monday, which should give investors another snapshot on the chain's efforts to refresh its outdated image in the U.S. while expanding overseas. In April, Burger King unveiled its biggest ever menu revamp, along with a star-studded advertising campaign.
LONDON, Oct 25- International oil company BP, weakened and distracted by its troubles in the United States and Russia, is in danger of losing touch with the leaders in an industry where strength and focus yield the richest pickings. ``I can't help thinking they've sort of lost their way.'' Everywhere you look, they're falling behind, `` said a senior executive of one rival this week.
*``Tsunami of filth'' has rocked the BBC. The allegations, which first emerged in an expose on the rival British TV channel ITV, have rocked the BBC, with its chief George Entwistle admitting the broadcaster has been damaged by the scandal.
NORWALK, Conn.-- Emcor Group Inc., a contractor to the electric power industry, said Thursday that its third-quarter net income fell 3 percent. Emcor said it expected full-year earnings between $2 and $2.10 per share, up from an earlier forecast of $1.80 to $2 per share.