GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Sandy pounds Bahamas after killing 38 in Caribbean Friday, 26 Oct 2012 | 1:38 PM ET

    NASSAU, Bahamas-- Hurricane Sandy raged through the Bahamas early Friday after leaving 38 people dead across the Caribbean, following a path that could see it blend with a winter storm to hit the U.S. East Coast with a super-storm next week.

  • Oct 26- Oshkosh Corp's board unanimously rejected billionaire investor Carl Icahn's offer to buy the truck maker, calling the bid ``inadequate,'' the company said on Friday.

  • NEW YORK, Oct 26- U.S. stocks opened flat on Friday following a reading of third-quarter gross domestic product that was higher than expected, offsetting disappointing results from Amazon.com and Apple Inc.. The Dow Jones industrial average was down 2.23 points, or 0.02 percent, at 13,101.45.

  • Oct 26- Arch Coal Inc, one of the world's top five coal producers, surprised Wall Street on Friday with a third-quarter profit as cost cuts paid off, and the company said thermal coal shipments were improving. Arch Coal shares rose as much as 13 percent premarket.

  • WASHINGTON, Oct 26- U.S. economic growth picked up in the third quarter as a late burst in consumer spending offset the first cutbacks in investment in more than a year by cautious businesses. Gross domestic product expanded at a 2 percent annual rate, the Commerce Department said on Friday, accelerating from the second quarter's 1.3 percent pace.

  • Monster hit after senators call for more action Friday, 26 Oct 2012 | 1:24 PM ET

    NEW YORK-- Shares of Monster Beverage Corp. slid again Friday after two U.S. senators asked federal regulators to fix what they say are loopholes that allow energy drink makers to sell products with additives and high levels of caffeine they say "have not been proven safe."

  • *Arch Coal surges after results. ``Futures are coming back simply because this GDP number was above the consensus number,'' said Phil Orlando, chief equity market strategist, at Federated Investors, in New York.

  • NetSuite shares soar on strong 3Q results Friday, 26 Oct 2012 | 1:19 PM ET

    NEW YORK-- Shares of NetSuite Inc., which provides business management software over the Internet, jumped Friday after the company announced better-than-expected third-quarter results. THE SPARK: NetSuite posted a loss of $8 million, or 11 cents per share, compared with a loss of $6.9 million, or 10 cents per share, in the same quarter last year.

  • PerkinElmer shares climb after 3Q earnings report Friday, 26 Oct 2012 | 1:19 PM ET

    Shares of PerkinElmer soared to a new annual high, a day after the health and industrial sciences company reported third-quarter results that topped Wall Street expectations. PerkinElmer Inc. said Thursday it now expects adjusted 2012 earnings of $2.05 to $2.07 per share. THE BIG PICTURE: PerkinElmer runs human and environmental health businesses.

  • WASHINGTON, Oct 26- U.S. economic growth picked up in the third quarter as a late burst in consumer spending offset the first cutbacks in investment in more than a year by cautious businesses. Gross domestic product expanded at a 2 percent annual rate, the Commerce Department said on Friday, accelerating from the second quarter's 1.3 percent pace.

  • Berlusconi denounces verdict, 'political' judges Friday, 26 Oct 2012 | 1:16 PM ET

    MILAN-- Ex-Premier Silvio Berlusconi has condemned as "unreal" his tax fraud conviction and said it was the result of "politicized" judges who have made Italy unlivable and no longer a democracy.

  • TREASURIES-Prices rise with safe-haven support Friday, 26 Oct 2012 | 1:16 PM ET

    NEW YORK, Oct 26- U.S.

  • Oct 26- Consumer products maker Newell Rubbermaid Inc said it will cut about 2,000 jobs, or slightly more than 10 percent of its staff, over the next 2-1/ 2 years, joining a slew of U.S. companies trying to counter slowing sales by reducing costs.

  • Oshkosh board rejects Icahn offer as 'inadequate' Friday, 26 Oct 2012 | 1:09 PM ET

    NEW YORK, Oct 26- The board of truck maker Oshkosh Corp unanimously rejected billionaire investor Carl Icahn's offer to buy the company, calling it ``inadequate,'' the company said on Friday. The board ``unanimously concluded that Mr.

  • US consumer confidence at highest level in 5 years Friday, 26 Oct 2012 | 1:08 PM ET

    WASHINGTON-- A survey shows consumer confidence rose this month to the highest level in five years, an encouraging sign for the still-weak economy. The University of Michigan's final index of October consumer sentiment rose to 82.6 from 78.3 in September. That's the highest since September 2007 _ three months before the Great Recession began.

  • Weak earnings reports weigh on stocks Friday, 26 Oct 2012 | 1:08 PM ET

    Stocks closed mostly lower Friday after investors found little to like in weak corporate earnings reports and news of only tepid growth in the U.S. economy in the third quarter. The morning gains came after the Commerce Department estimated that the U.S. economy expanded at a 2 percent annual rate from July through September.

  • Oct 26- U.S. auto parts supplier American Axle and Manufacturing Holdings Inc reported a surprise quarterly loss, hurt by restructuring and debt refinancing costs. American Axle reported a net loss of $8.2 million, or 11 cents per share, compared with a profit of $22.6 million, or 33 cents per share, a year earlier.

  • *Whole Foods to buy leases from family grocer Friday, 26 Oct 2012 | 1:06 PM ET
  • 'RoboCop' remake OK'd for state film incentives Friday, 26 Oct 2012 | 1:05 PM ET

    "RoboCop," which has been filming in Toronto, was approved for $294,000 in incentives on $1 million in anticipated in-state spending. The reboot of the classic 1987 cult film with Peter Weller will include shots of Detroit and its landmarks. Eminem's "Detroit Rubber" was approved for $53,000 on nearly $170,000 of projected Michigan spending.

  • UPDATE 2-Tax gains lift Merck, but sales disappoint Friday, 26 Oct 2012 | 1:05 PM ET

    *3rd- qtr EPS, excluding items, $0.95, vs $0.92 forecast. Oct 26- Merck& Co Inc reported a higher-than-expected third-quarter profit, as a favorable tax rate and lower merger costs helped offset plunging sales of its former flagship product, Singulair, an asthma drug that began facing cheaper generics in August.