Latest Business News Wires - Business Headlines


  • Lockheed Martin 3rd-qtr profit up, boost guidance Wednesday, 24 Oct 2012 | 11:53 AM ET

    BETHESDA, Md.-- Lockheed Martin Corp. said Wednesday its third-quarter net income rose 4 percent, as lower pension-related costs helped offset a drop in revenue. The results beat Wall Street predictions and the Bethesda, Md.- based aerospace and defense contractor also raised its full-year profit and revenue predictions.

  • U.S. architecture billings rise in September - AIA Wednesday, 24 Oct 2012 | 11:52 AM ET

    NEW YORK, Oct 24- A leading indicator of U.S. construction activity jumped last month, led by demand for new apartment buildings, suggesting U.S. builders and their suppliers may see more work in coming months.

  • 2nd hearing set on bid to unseal Romney testimony Wednesday, 24 Oct 2012 | 11:52 AM ET

    CANTON, Mass.-- A Massachusetts probate judge will hold another hearing Thursday before deciding whether to unseal testimony that GOP presidential candidate Mitt Romney gave in the divorce case of Staples founder Tom Stemberg. Attorneys for Romney and Staples asked the judge for more time to review two booklets of testimony.

  • *Clint Eastwood stars in TV ad supporting Romney Wednesday, 24 Oct 2012 | 11:51 AM ET
  • Barry Diller's IAC reports jump in 3rd-qtr revenue Wednesday, 24 Oct 2012 | 11:50 AM ET

    Oct 24- Web conglomerate IAC/InteractiveCorp reported higher quarterly revenue but profit fell almost 40 percent due to a tax benefit from the same period a year ago.

  • Sitcom king Chuck Lorre puts his musings in a book Wednesday, 24 Oct 2012 | 11:50 AM ET

    The " Chuck Lorre Productions" vanity card has been an outlet for Lorre's random observations since 1997, when alert viewers of the ABC sitcom "Dharma& Greg" began noticing fine print on the screen which, by freeze-framing their VCR, they could dwell on long enough to read.

  • Avery Dennison rises on 3Q income and outlook Wednesday, 24 Oct 2012 | 11:49 AM ET

    NEW YORK-- Shares of Avery Dennison Corp. jumped Wednesday after the office products maker reported better-than-expected results for the third quarter and raised its annual net income guidance. The company narrowed its 2012 adjusted net income forecast to a range of $2 to $2.05 per share from $1.90 to $2.05 per share.

  • Buffett 'salivating' for another big acquisition Wednesday, 24 Oct 2012 | 11:47 AM ET

    Oct 24- Berkshire Hathaway Inc has had two acquisitions of around $20 billion each fall through this year despite a willingness on both sides to do the deal, Chief Executive Warren Buffett said on Wednesday.

  • Oct 24- Eli Lilly and Co reported quarterly results below Wall Street expectations on Wednesday, hurt by increased spending on research and a drop in sales as its Zyprexa schizophrenia drug faced competition from cheaper generics. That compared with $1.24 billion, or $1.11 per share, a year earlier.

  • Honeywell buying Saia Burgess Controls for $130M Wednesday, 24 Oct 2012 | 11:44 AM ET

    MORRIS TOWNSHIP, N.J.-- Technology and manufacturing company Honeywell International Inc. said Wednesday it agreed to buy Saia Burgess Controls for $130 million. Saia Burgess controls is based in Switzerland and it is owned by Johnson Electric Group of Hong Kong. Shares of Honeywell fell 7 cents to $61.48 in morning trading.

  • China set to OK new nuke plants, ending moratorium Wednesday, 24 Oct 2012 | 11:43 AM ET

    BEIJING-- China said Wednesday that it is ready to approve new nuclear power plants as part of ambitious plans to reduce reliance on oil and coal, ending a moratorium imposed after Japan's Fukushima disaster last year.

  • Drugmaker Elan reports 3Q loss on hefty charges Wednesday, 24 Oct 2012 | 11:42 AM ET

    Elan Corp. PLC reported a third-quarter loss Wednesday, as heavy charges tied to a business spinoff and the discontinuation of an Alzheimer's drug study weighed on the Irish drugmaker's performance.

  • Delta Air posts higher quarterly net profit Wednesday, 24 Oct 2012 | 11:41 AM ET

    Oct 24- Delta Air Lines reported on Wednesday that its quarterly profit rose, boosted by gains tied to fuel hedges. Net income came to $1.05 billion, or $1.23 a share, for the third quarter, compared with $549 million, or 65 cents a share, a year earlier. Excluding items, profit was 90 cents a share.

  • BERLIN, Oct 24- Germany is rushing to purchase a stake in EADS by year-end, fearful that the owner of the shares, carmaker Daimler, could unload them on the open market and hurt Berlin's influence in the aerospace group, a government document obtained by Reuters showed.

  • Oct 24- Kimberly-Clark Corp posted a higher quarterly profit on Wednesday and raised its expectations for the year. Kimberly-Clark, best known for its Kleenex tissues, earned $517 million, or $1.30 per share, in the third quarter, compared with $432 million, or $1.09 per share, a year earlier.

  • *Delta Air posts higher quarterly net profit Wednesday, 24 Oct 2012 | 11:41 AM ET
  • *Worst of China growth slowdown may be over. LONDON, Oct 24- The euro zone's biggest member Germany is being sucked into the bloc's worsening economic quagmire, business surveys suggested on Wednesday, as similar data signalled the slowdown in China may be abating.

  • AT&T revenue falls slightly, misses Wall Street view Wednesday, 24 Oct 2012 | 11:41 AM ET

    Oct 24- AT&T Inc posted third-quarter revenue below Wall Street expectations on Wednesday, but its earnings increased from a year earlier. AT&T reported earnings of $3.64 billion, or 63 cents per share, compared with $3.62 billion, or 61 cents per share, a year earlier.

  • On the Call: AT&T exec on data-sharing plans Wednesday, 24 Oct 2012 | 11:34 AM ET

    Following in Verizon's footsteps, AT&T Inc. introduced plans in August that let a household share a monthly data allowance over as many as 10 devices.

  • UPDATE 1-Singapore Airlines in $7.5 bln Airbus deal Wednesday, 24 Oct 2012 | 11:31 AM ET

    SINGAPORE, Oct 24- Singapore Airlines will order five Airbus A380 aircraft and 20 more A350 planes in a deal valued at $7.5 billion, looking beyond a business slowdown that has led the carrier to stop hiring cadet pilots for now.