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Latest Business News Wires - Business Headlines


  • US appeals court rejects Argentine bond arguments Friday, 26 Oct 2012 | 3:16 PM ET

    BUENOS AIRES, Argentina-- Argentina lost its long battle against bond holdouts in the U.S. courts Friday when an appellate panel rejected every argument it made against paying $1.33 billion to investors who refused to accept as little as 25 cents on the dollar for the country's defaulted debt in 2005..

  • A circus comes to Gaza _ minus lions and ladies Friday, 26 Oct 2012 | 3:15 PM ET

    GAZA CITY, Gaza Strip-- The circus came to Gaza on Friday, but getting it there required its own high-wire act. No women performers were included for fear of offending conservative Palestinians and their Hamas rulers and the high-cost of legal transport prevented animals from taking part.

  • Earnings schedule for week of 10/29/2012 Friday, 26 Oct 2012 | 3:15 PM ET

    Burger King Worldwide Inc. reports quarterly financial results. Baidu Inc., the Chinese Internet company, reports quarterly financial results. Avon Products Inc. reports quarterly financial results.

  • DETROIT, Oct 26- U.S. safety regulators are investigating 310,000 Taurus and Mercury Sable cars built by Ford Motor Co over a problem that could cause the throttle to be stuck open. The cars were built for the model years 2000 to 2003 and equipped with 3.0- liter V6 Duratec engines, the National Highway Traffic Safety Administration said.

  • Eastman's 3Q profit beats, shares soar Friday, 26 Oct 2012 | 3:13 PM ET

    NEW YORK-- Eastman Chemical Co.' s shares jumped in trading Friday after the chemical company reported a third-quarter profit that beat market expectations. The company now expects to earn $5.30 to $5.40 per share for the year on an adjusted basis, up from its prior forecast of $5.30 per share. Eastman earned $154 million, or 99 cents per share, for the quarter.

  • Toyota widens global sales lead over GM Friday, 26 Oct 2012 | 3:12 PM ET

    DETROIT-- Toyota has widened its global sales lead over General Motors after bouncing back from a series of natural disasters. While Toyota's sales rose 28 percent in that period, GM's rose 2.5 percent, to 6.95 million cars and light-duty trucks.

  • PARIS, Oct 26- S&P's move this week to cut credit ratings of French banks and signs the government is increasingly reluctant to embark on rapid economic reform are prompting investors to ask whether France can still justify its generous borrowing rates.

  • UPDATE 3-Tax gains lift Merck but sales disappoint Friday, 26 Oct 2012 | 3:11 PM ET

    Oct 26- Merck& Co Inc posted a higher-than-expected quarterly profit as one-time tax gains helped offset plunging sales of its former flagship product, Singulair, an asthma drug that began facing cheaper generics in August.

  • TREASURIES-Prices climb with safe-haven support Friday, 26 Oct 2012 | 3:11 PM ET

    NEW YORK, Oct 26- U.S.

  • News Summary: Feds probe Taurus, Sable throttles Friday, 26 Oct 2012 | 3:10 PM ET

    THE NEWS: The National Highway Traffic Safety Administration said Friday it is investigating some older-model Ford Taurus and Mercury Sable sedans because of complaints that the throttles can stick. THE CARS: About 310,000 cars from the 2000 through 2003 model years fall under the investigation.

  • *Arch Coal surges after results. ``The fact that this was a two percent GDP number is still pathetic in the overall scheme of life- we ought to be growing at four percent, not two percent,'' said Phil Orlando, chief equity market strategist, at Federated Investors, in New York.

  • TCF Financial shares rise on strong 3Q results Friday, 26 Oct 2012 | 3:07 PM ET

    WAYZATA, Minn.-- Shares of TCF Financial Corp. rose Friday after the regional bank said its third-quarter net income tumbled 71 percent, hurt by hefty charges, but still managed to beat Wall Street predictions. Wayzata, Minn.- based bank posted a profit attributable to common shareholders of $9.3 million, or 6 cents per share, for the three months ended Sept. 30.

  • PRECIOUS-Gold turns positive after U.S. growth data Friday, 26 Oct 2012 | 3:02 PM ET

    LONDON, Oct 26- Gold turned positive along with other commodities and nominally higher risk assets like stocks on Friday after better-than-expected U.S. third-quarter growth data, reversing earlier losses linked to weak corporate earnings.

  • NEW YORK, Oct 26- A U.S. appeals court said Argentina discriminated against bondholders who refused to take part in massive debt restructurings in 2005 and 2010 by deciding to pay them later than bondholders who agreed to participate.

  • BRUSSELS, Oct 26- The European Commission is having to rethink its plan to impose duties on ceramic tableware and kitchenware from China after a majority of EU member states voted against their imposition this week.

  • *Wall St slips on earnings, outlooks; Amazon, Apple rebound. Gloomy earnings and outlook statements from global giants like as Apple and Amazon, South Korea's Samsung and Renault and Ericsson in Europe have corroded hopes of a recovery in the global economy.

  • News Summary: Goodyear shares fall on 3Q results Friday, 26 Oct 2012 | 2:54 PM ET

    FLAT TIRES: Goodyear Tire& Rubber Co. reported its third-quarter net income fell 32 percent to $110 million, or 41 cents per share, while revenue dropped 13 percent to $5.26 billion. THE REASON: The Akron, Ohio- based company said the declines were due largely to falling tire demand in Europe that offset cost cuts and profits from North America.

  • *BHP's Vanselow, Xstrata's Davis in frame as replacements. LONDON, Oct 26- Anglo American's Chief Executive Cynthia Carroll has quit after more than five years in the job, under pressure from investors over the mining group's lagging share price and continued dependence on strike-hit South Africa.

  • Mid-Atlantic braces for storm amid warm weather Friday, 26 Oct 2012 | 2:48 PM ET

    Meanwhile, workers in Ocean City, Md., filled sandbags, and Maryland Gov. "Delaware is smack dab in the crosshairs based on the current path projections," said Chip Guy, a spokesman for Sussex County, home to southern Delaware's beaches. Forecasters expect the hurricane to turn inland around Delaware, but said it could still hit as far north as New York.

  • US drops 13 to 1,826 rigs exploring for oil, gas Friday, 26 Oct 2012 | 2:47 PM ET

    Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,408 rigs were exploring for oil and 416 were searching for gas. Of the major oil- and gas-producing states, Texas dropped seven rigs and New Mexico fell by 5. Alaska and Oklahoma lost three apiece, and West Virginia was down by two.