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Latest Business News Wires - Business Headlines


  • UK: 300 potential Savile abuse victims emerge Thursday, 25 Oct 2012 | 2:10 PM ET

    LONDON-- The scale of the child sex abuse scandal engulfing the BBC expanded on Thursday as authorities announced that 300 potential victims had come forward with accusations against one of the broadcaster's most popular children's entertainers and that others might have acted with him.

  • Paccar results fall but beat analysts' estimates Thursday, 25 Oct 2012 | 2:09 PM ET

    Oct 25- U.S. heavy truck maker Paccar Inc reported lower quarterly profit and sales, reflecting lower industry truck orders in Europe and North America due to an uneven economy, but beat Wall Street estimates.

  • *Adjusted EPS 54 cents vs avg estimate 46 cents. Oct 25- Goldcorp Inc, the No. 2 Canadian gold miner, reported a 48 percent increase in quarterly profit on Thursday, as improved performance at its Red Lake and Penasquito mines led to strong gold and silver sales.

  • UPDATE 2-United Continental posts lower profit, revenue Thursday, 25 Oct 2012 | 2:05 PM ET

    Oct 25- United Continental Holdings Inc, the world's biggest airline, reported a lower-than-expected quarterly profit on Thursday as revenue fell and expenses rose.

  • Brunswick's 3Q net down 57 pct amid restructuring Thursday, 25 Oct 2012 | 2:05 PM ET

    LAKE FOREST, Ill.-- Boat and sporting-goods maker Brunswick Corp. posted a 57 percent drop in third-quarter earnings Thursday as large restructuring and other charges limited its gain. The company said net earnings for the July-through-September period were $2 million, or 2 cents per share.

  • News Summary: IMF says Portugal needs debt effort Thursday, 25 Oct 2012 | 2:02 PM ET

    IMF TAKE: Portugal's financial recovery program is entering a risky phase as it struggles to cut its heavy debt load amid a continuing recession, growing unemployment and mounting opposition to austerity measures.

  • SolarWinds 3Q profit rises 8 pct on strong demand Thursday, 25 Oct 2012 | 2:02 PM ET

    AUSTIN, Texas-- SolarWinds' third-quarter profit rose 8 percent, helped by steep increases in both license and maintenance revenue. SolarWinds said its license revenue jumped 33 percent to $34 million, while maintenance revenue increased 33 percent to $37.7 million.

  • Build-A-Bear shares plunge on 3Q loss Thursday, 25 Oct 2012 | 2:00 PM ET

    ST. LOUIS-- Build-A-Bear Workshop Inc.' s shares plunged Thursday after the toy retailer posted a third-quarter loss and said it would close up to 60 stores. The St. Louis- based company, which sells make-it-yourself teddy bears and other dolls, has struggled for some time with weak sales.

  • Travelzoo profit falls on local deals, air search Thursday, 25 Oct 2012 | 1:59 PM ET

    NEW YORK-- Travelzoo's third-quarter net income fell 42 percent due to declining sales on its airline search site.

  • U.S. pending home sales rise modestly in September Thursday, 25 Oct 2012 | 1:59 PM ET

    WASHINGTON, Oct 25- Contracts to buy previously owned U.S. homes rose far less than expected in September, an industry group said on Thursday, but the data continued to point to an improving tone in the housing market. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in September, gained 0.3 percent to 99.5.

  • Quonset dredging project to improve RI ship access Thursday, 25 Oct 2012 | 1:56 PM ET

    NORTH KINGSTOWN, R.I.-- A $7.5 million dredging project designed to allow ships to more easily access Quonset's Port of Davisville is getting under way _ with the scoop of a massive dredging bucket that can lift two dump trucks' worth of material at a time.

  • RIO DE JANEIRO, Oct 25- Brazilian mining company Vale plans to sell underperforming assets in a broad push to control costs and boost profitability, executives said on Thursday, a day after the company posted weak earnings and put a major investment on hold in the West African nation of Guinea.

  • Could events beyond campaign control jolt race? Thursday, 25 Oct 2012 | 1:53 PM ET

    ST. PAUL, Minn.-- An election-eve terrorist strike. Democratic President Barack Obama and Republican rival Mitt Romney are on guard for anything that could push the presidential race from its taut course. They've got a plan and they are now going to execute it, "said Carter Eskew, a top strategist for Democrat Al Gore during a 2000 campaign that came up just short."

  • Rising fashion star Roberts talks shopping, style Thursday, 25 Oct 2012 | 1:52 PM ET

    NEW YORK-- Emma Roberts isn't just making a name for herself as a rising star in Hollywood _ she has four films in the works _ she's also leaving her mark in the world of fashion. The 21- year-old routinely gets name-checked in magazines for her style on the red carpet and off, and she's a coveted front-row guest at fashion shows.

  • *Lazard will meet 25 percent margin target by 2014- CEO. Oct 25- Lazard Ltd plans to cut $125 million in costs each year, mainly through staff reductions, the investment bank said on Thursday, as it works to meet an aggressive profit goal in a weak market for its financial advisory services.

  • RI amnesty program collects $7.4M in back taxes Thursday, 25 Oct 2012 | 1:51 PM ET

    PROVIDENCE, R.I.-- Rhode Island's tax amnesty program has generated nearly $7.4 million in payments from people behind on their taxes. The state Division of Taxation said Thursday that it has received 2,792 applications since the amnesty period began Sept. 2.

  • Idaho wind developer's woes mount with lawsuit Thursday, 25 Oct 2012 | 1:50 PM ET

    BOISE, Idaho-- Legal challenges facing an Idaho wind energy company are mounting, after a contractor building one of its projects in Minnesota went to court asking a judge to hand over control.

  • Statue of Liberty reopens on 126th birthday Sunday Thursday, 25 Oct 2012 | 1:50 PM ET

    NEW YORK-- The Statue of Liberty is set to reopen to the public on Sunday, the U.S. landmark's 126th anniversary. The statue has been closed since last October for renovation to its interior, although the public has been allowed to visit its Liberty Island grounds in New York Harbor. The statue, a gift from France, was dedicated on Oct. 28, 1886.

  • NH resort won't be open for 1st voting this year Thursday, 25 Oct 2012 | 1:49 PM ET

    DIXVILLE NOTCH, N.H.-- Voters in tiny Dixville, N.H., have cast some of the nation's first ballots for president at the historic Balsams Grand Resort Hotel for more than 50 years.

  • Hot summer helps power CMS Energy's 3Q earnings Thursday, 25 Oct 2012 | 1:49 PM ET

    JACKSON, Mich.-- CMS Energy posted a 6 percent rise in net income for the third quarter, as sweltering heat boosted the use of air condition and economic activity in Michigan heated up as well. The Jackson, Mich., electric and gas company reported net income of $148 million in the quarter, or 55 cents per share.