ALISO VIEJO, Calif. _ QLogic Corp. on Thursday reported fiscal third-quarter profit of $22.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. QLogic shares have declined almost 5 percent since the beginning of the year.» Read More
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.
LYNCHBURG, Va.-- A former independent financial adviser faces up to 40 years in prison for a fraud scheme that cost clients nearly $1 million. Michael D. Leamnson pleaded guilty Thursday in U.S. District Court in Lynchburg, Va. to one count each of wire fraud and mail fraud. The 56- year-old Roanoke resident faces up to 20 years in prison on each count.
Oct 25- Asset manager Franklin Resources Inc said on Thursday its quarterly profit rose and just beat Wall Street expectations, but revenue fell and expenses increased. For its fiscal fourth quarter ended Sept. 30, Franklin said net income rose to $492.1 million, or $2.31 per share, from $416 million, or $1.88 per share, in the same period a year earlier.
WASHINGTON, Oct 25- A gauge of planned U.S. business spending was flat in September, a sign that heightened uncertainty is weighing on factories although new orders for long-lasting manufactured goods increased during the month.
WASHINGTON _ Commerce Department releases personal income and spending for September, 8:30 a.m..
*McKesson to acquire PSS World Medical. *Procter& Gamble climbs after results. NEW YORK, Oct 25- U.S. stocks were poised for a higher open on Thursday, indicating the S&P 500 may rebound from its worst five-day slide in five months, on optimism the economies of both the U.S. and China may be recovering.
NEW YORK-- Fifth& Pacific Companies Inc.' s shares jumped Thursday after the clothing company said its third-quarter loss narrowed on stronger sales of its Kate Spade and Lucky Brand lines. Fifth& Pacific posted a loss of $18.8 million, or 17 cents per share, for the quarter, compared with a loss of $214.6 million, or $2.27 per share, last year.
WESTON, Mass.-- Biotech drugmaker Biogen Idec Inc. said Thursday its profit grew more than 13 percent in the third quarter, led by sales of the company's multiple sclerosis treatment Avonex. The Massachusetts- based company said revenue from Avonex grew 8 percent to $736.2 million in the period.
2. Bruce Springsteen& The E Street Band; $4,882,083; $93.76. 3. Cirque du Soleil _ " Michael Jackson: The Immortal"; $2,755,364; $91.94. 5. Enrique Iglesias/ Jennifer Lopez; $1,046,803; $78.91.
Oct 25- ConocoPhillips reported a lower third-quarter profit on Thursday that beat analysts' estimates, as it produced more crude than expected from high-margin fields such as the Eagle Ford and Bakken.
MARIETTA, Ga.-- Graphic Packaging earned $40.1 million in the third quarter, reversing a year-ago loss when results were dampened by one-time charges. Net income was 10 cents per share, compared with a loss of $47.5 million, or 12 cents per share, a year earlier, when the company had $96 million in write-downs and restructuring costs.
*Q3 EPS 71 cents vs 69 cents Wall Street view. *Landstar sees Q4 EPS 63- 68 cents vs 71 cents Wall St view. The company forecast fourth-quarter profit between 63 cents and 68 cents per share, below the average Wall Street target of 71 cents.