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Latest Business News Wires - Business Headlines


  • How the major stock indexes fared Thursday Thursday, 25 Oct 2012 | 5:11 PM ET

    Procter& Gamble was the biggest gainer in the Dow after the consumer products company, whose products include Tide, Gillette and Charmin, reported earnings that beat analysts' expectations. The S&P 500 is down 20.22 points, or 1.4 percent. The S&P 500 is up 155.37 points, or 12.4 percent.

  • John Wiley & Sons completes Deltak.edu deal Thursday, 25 Oct 2012 | 5:10 PM ET

    John Wiley& Sons has completed its $220 million acquisition of online education provider Deltak.edu, the publisher disclosed in a filing with the U.S. Securities and Exchange Commission on Thursday. Deltak.edu LLC is based outside of Chicago and had $54 million in revenue for the year ended Sept. 30. Shares of John Wiley& Sons rose 21 cents to $43.09 Thursday.

  • *At least three storm-related deaths in Jamaica, Haiti and Cuba. HAVANA, Oct 25- Hurricane Sandy grew into a major potential threat to the east coast of the United States on Thursday after hammering Cuba's second-largest city and taking aim at the Bahamas, U.S. forecasters said.

  • *Dominion to shut Kewaunee reactor in Wisconsin next year. The three plants Richmond, Virginia- based Dominion is looking to sell are the 1,536- megawatt Brayton Point coal, natural gas and oil-fired plant in Massachusetts; the 1,158- MW Kincaid coal plant in Illinois; and the company's 50 percent stake in the 1,424- MW Elwood gas plant in Illinois.

  • La. AG seeks trial for state claims over BP spill Thursday, 25 Oct 2012 | 5:06 PM ET

    NEW ORLEANS-- Louisiana Attorney General James "Buddy" Caldwell's office is asking a federal judge to set a trial date for some of the state's economic loss claims against BP PLC stemming from the 2010 oil spill in the Gulf of Mexico.

  • Wall St view EPS 8 cents. Oct 25- The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 16 percent.

  • Oct 25- Celgene Corp's quarterly earnings rose 14 percent, beating expectations on strong sales of its Revlimid cancer treatment and lower costs, but investors were more focused on ongoing studies of its promising new medicines and wider uses for Revlimid.

  • BioMarin narrows 3Q loss, drug sales climb Thursday, 25 Oct 2012 | 4:58 PM ET

    NOVATO, Calif.-- BioMarin Pharmaceutical Inc.' s third quarter loss narrowed, as sales jumped for two of the pharmaceutical company's drugs. The Novato, Calif., company said Thursday after the stock market closed that it lost $5.4 million, or 4 cents per share, in the three months that ended Sept. 30.

  • American Campus to buy 19 properties Thursday, 25 Oct 2012 | 4:57 PM ET

    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.

  • Trustee: Hawker Beechcraft attorney fees excessive Thursday, 25 Oct 2012 | 4:54 PM ET

    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.

  • Money market fund assets rose to $2.569 trillion Thursday, 25 Oct 2012 | 4:54 PM ET

    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.

  • U.S. states' revenue on track for 11th quarter of gains Thursday, 25 Oct 2012 | 4:52 PM ET

    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.

  • Diamond Foods to restate more financial results Thursday, 25 Oct 2012 | 4:51 PM ET

    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.

  • Expedia 3Q profit beats Wall Street expectations Thursday, 25 Oct 2012 | 4:49 PM ET

    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.

  • Monro fiscal 2Q net income falls on fewer repairs Thursday, 25 Oct 2012 | 4:48 PM ET

    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.

  • Under Armour, Wynn, Crocs are market movers Thursday, 25 Oct 2012 | 4:47 PM ET

    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.

  • Xcel Energy's 3Q profit rises 18 percent Thursday, 25 Oct 2012 | 4:45 PM ET

    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.

  • News Summary: Credit Suisse 3rd-qtr profit slumps Thursday, 25 Oct 2012 | 4:40 PM ET

    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.