Jan 27- Apple Inc quarterly results smashed Wall Street expectations with record sales of iPhone 6 and 6 Plus smartphones in the holiday shopping season and strong sales in China, although the United States remained the top iPhone market. Apple Chief Financial Officer Luca Maestri told Reuters in an interview that the company did not sell more iPhones in China...» Read More
NEW YORK-- THE SALE: Nike has found a buyer for its Umbro brand, known for its soccer jerseys, in Iconix Brand Group Inc. The clothing licensing company is purchasing Umbro for $225 million. SHEDDING ASSETS: Nike Inc. said in May that it planned to sell the Umbro and Cole Haan brands to cut costs and focus on its namesake brand, along with Jordan, Converse and Hurley.
CHANGE AFOOT: Automatic Data Processing Inc. said Wednesday that it's making some changes to its monthly U.S. employment report. The changes include adding more industry categories, expanding the number of business class sizes to five from three and increasing the sample size used to create the report.
BERLIN, Oct 24- Germany plans to quickly purchase a stake in EADS to preserve its influence over the aerospace group, fearing that Daimler could unload shares it holds in the company on the open market, a document obtained by Reuters showed.
MELBOURNE, Oct 24- Deutsche Bank has built a 5.2 percent stake in Australian takeover target GrainCorp in recent months, a move that could pay off handsomely as the target's shares have soared and could climb even higher if rival bids appear.
PITTSBURGH-- Fourteen environmental groups have asked Pennsylvania Republican Gov. Tom Corbett to reverse a recent change in how official notifications of possible water pollution related to Marcellus Shale natural gas drilling are handled.
NEW YORK-- Ex-Goldman, P&G board member convicted of insider trading charges sentenced to 2 years in NY.
ATLANTA-- The U.S. Nuclear Regulatory Commission has given a Georgia utility permission to change the design of a nuclear power plant under construction, resolving a conflict over the installation of metal bars.
DETROIT-- Arts groups in Detroit will share nearly $20 million donated by the John S. and James L. Knight Foundation, including $9 million to be awarded through a communitywide contest to boost the city's best arts ideas, the foundation announced Tuesday.
WASHINGTON-- Federal officials say NRG Energy Inc. has been awarded a lease for an offshore wind power farm 11 miles off the Delaware coast. NRG announced late last year that it had ended an offshore wind power contract with Delmarva Power.
GEISMAR, La.-- BASF is building a formic acid production plant in Louisiana's Ascension Parish that will create 20 new jobs. Bobby Jindal and company executives were at the groundbreaking Tuesday, at the company's 2,600- acre complex in Geismar, which is home to nearly two dozen chemical plants.
NEW YORK-- The steep losses stopped Wednesday as the stock market turned calm, a day after one of its biggest sell-offs of the year. "Today we're assessing the damage," said Mark Luschini, chief investment strategist at Janney Montgomery Scott. " DuPont, 3 M, UPS and Xerox all reported lower sales than a year ago.
TARRYTOWN, N.Y.-- Regeneron Pharmaceuticals Inc. on Wednesday reported third-quarter results that far exceeded Wall Street expectations as it won key new approvals for its eye drug Eylea and cancer drug Zaltrap.
He says it will be at least another 12 or 18 months before the Virgin Galactic venture can offer paid space travel to adventurers. The founder of the Virgin Group met with students on his first visit to Poland on Wednesday, where he came to launch Virgin Academy, which will help young people kick start their own businesses.
*More countries follow lead set by Britain and Italy. LONDON, Oct 24- Fifty percent off the first three months of cancer medicine. ``Special offers'' on prescription medicines are all the rage in state-backed healthcare systems across Europe as governments struggle to balance the books.
LONDON, Oct 24- European shares inched higher on Wednesday, steadying after the previous session's sharp sell-off, as encouraging data out of China offset downbeat German economic numbers and earnings worries.
NEW YORK-- "Middlesex" author Jeffrey Eugenides doesn't remember everything about the night he was given a Whiting Writers' Award, but he has never forgotten how the honor received early in his career helped make his Pulitzer Prize-winning novel possible.
MEXICO CITY-- The number of migrants crossing illegally into the United States from Mexico appears to have risen some in the first half of 2012, while the number of migrants returning to Mexico decreased, a report by U.S. and Mexican researchers said Tuesday.
LOS ANGELES-- The man who presided over Britney Spears' life during her well-publicized meltdown is portraying himself in court as a benevolent personal manager who saved her from ruin. Sam Lutfi was to finish his direct testimony Wednesday and face cross-examination by a battery of lawyers for the singer's parents and conservators.
BERLIN-- The European Central Bank's president drew a broadly positive response from German lawmakers Wednesday when he told them that his bond-buying plan won't stoke inflation and will not allow struggling countries to backslide on economic reforms.