The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs Group, Bank of America Merrill Lynch, JPMorgan Chase, Citigroup, Credit Suisse Group, Barclays Plc, BNP Paribas SA, UBS, Deutsche Bank AG, and the Royal Bank of Scotland of colluding to prevent the trading of interest rate swaps on electronic exchanges, like the ones on which...» Read More
Shares of Hewlett-Packard Co. are down 45 percent this year, and Dell Inc. has fallen 37 percent. Dell hasn't been this low since early 2009, when the market bottomed out following the financial crisis. It's bad news for investors in mutual funds that count HP or Dell among their biggest stock holdings.
*Euro falls as Spain bailout uncertainty continues to weigh. NEW YORK, Oct 25- The dollar rallied to a four-month high against the yen on Thursday as a rise in Treasury yields and expectations the Bank of Japan will ease monetary policy next week had investors broadly selling the Japanese currency.
NEW YORK-- Boeing said Thursday that it has acquired Miro Technologies, a privately held company that specializes in software to help manage logistical services. Miro will become part of the Global Services& Support business that falls under Boeing Defense, Space& Security, which is a unit of The Boeing Co. Financial terms of the acquisition were not disclosed.
*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.
*P&G profit of $1.06/ share tops expectations of 96 cents. Oct 25- Procter& Gamble Co's profit rose more than expected, indicating that the world's largest household products company is making progress in cutting costs and giving Chief Executive Bob McDonald a little relief after months of pressure.
PALO ALTO, Calif.-- Shares of Varian Medical Systems Inc. jumped 13 percent in afterhours trading Thursday after the company reported a 20 percent rise in its fourth-quarter profit fueled by higher device sales. Varian reported net income of $120.2 million, or $1.08 per share, up from $101 million, or 87 cents per share, in the prior year period.
SAO PAULO, Oct 25- Brazil's banking sector will undergo profound changes over the next two years as government efforts to keep interest rates at record lows translate into lower credit costs and more competition, the head of the nation's largest foreign lender said on Thursday.
RESTON, Va.-- VeriSign Inc., which registers domain names on the Internet, said Thursday that third-quarter profit rose 32 percent, topping expectations. VeriSign's shares lost 9 cents to $46.60 in regular trading, then dropped $7.10, or 15.2 percent, to $39.50 in after-hours trading after the earnings report and update on the registry agreement.
*Eyes on next week's Bank of Japan policy meeting. NEW YORK, Oct 25- Gold rose above $1,700 an ounce on Thursday, a day after it fell under that, in reaction to encouraging United Kingdom GDP growth data and expectations the Bank of Japan will further loosen its monetary policy.
PORTLAND, Ore.-- Outdoor clothing maker Columbia Sportswear Co. said Thursday its third-quarter net income fell 5 percent, hurt by weakness in Europe, the Middle East and Africa.
BEIRUT/ GENEVA- Syria's army command announced a ceasefire on Thursday to mark the Muslim holiday of Eid al Adha but said it reserved the right to respond to any rebel attack or moves to reinforce President Bashar al-Assad's armed foes.
Chief Executive Officer Stephen Chazen set a target of lowering costs to 2011 levels by the end of next year, zeroing in on those in the company's home state of California. The stock is down 13 percent so far in 2012, while Exxon Mobil Corp and Chevron Corp are up for that period.
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 26- Japanese retailer Aeon Co is set to acquire France- based Carrefour SA's Malaysian business for slightly more than 20 billion yen as part of its push into Southeast Asia, the Nikkei said. Carrefour made the announcement two years after it unsuccessfully tried to sell its operations in Singapore and Malaysia.
*Chevy Trax will enter Brazil next year as import-source. SAO PAULO, Oct 25- General Motors Co plans to bring its new Chevrolet Trax to Brazil in an effort to end the dominance its smaller U.S. rival Ford Motor Co has enjoyed in the small sport utility vehicle segment.
DOWNERS GROVE, Ill.-- DeVry Inc.' s fiscal first-quarter profit fell 44 percent on declining enrollment, but the for-profit education company beat market expectations. DeVry and other for-profit education companies have struggled for more than a year with the impact of new government regulations and increased scrutiny.
MEMPHIS, Tenn.-- International Paper Co. said Thursday its third-quarter net income dropped by nearly half as it rang up charges for restructuring and for absorbing smaller rival Temple-Inland. Excluding special items and charges, International Paper said it earned $330 million, or 75 cents per share, in the latest quarter.
OMAHA, Neb.-- An insurance company that canceled the homeowner's policy of a Nebraska sheriff's deputy because of his K-9 unit dog said Thursday it's looking to change its practices regarding police dogs.
NEW YORK, Oct 25- The monetary and fiscal policies in the United States are creating enormous risks and the Federal Reserve's actions in particular are now harming the economy, influential hedge fund manager David Einhorn said on Thursday.
NORTH HOLLYWOOD, Calif.-- IPC The Hospitalist Company Inc. said Thursday that its net income rose 21 percent in the third quarter as it added more providers. Earnings in the July-September quarter came to $7.8 million, or 46 cents per share, from $6.5 million, or 38 cents per share, in the same quarter a year ago.