GO
Loading...

Latest Business News Wires - Business Headlines

More

  • *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.

  • 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.

  • 25 arrested in 5 states in NY Web gambling probe Thursday, 25 Oct 2012 | 4:40 PM ET

    People were arrested in five states Wednesday as part of a sweeping investigation aimed at bookmakers and money couriers connected to Internet and phone gambling, including men who prosecutors identified as owners of the online gambling site Pinnacle Sports.

  • *UK economy posts GDP rise in third quarter. *Coming up: CFTC positions data 3:30 p.m. EDT Friday. NEW YORK, Oct 25- Brent crude futures edged higher in choppy trading on Thursday, lifted by economic data, but gains were limited by rising oil inventories and tepid demand figures.

  • LONDON, Oct 25- Copper steadied on Thursday as a commitment by the U.S. Federal reserve to stimulate growth, and encouraging data from the United States as well as from top metals consumer China were offset by a stronger dollar. Benchmark copper on the London Metal Exchange ended at $7,815 a tonne, from a close of $7,817 on Wednesday.

  • *Stronger than expected UK growth supports risk-on trade. NEW YORK, Oct 25- U.S.

  • Earnings Preview: Burger King releasing 3Q results Thursday, 25 Oct 2012 | 4:33 PM ET

    NEW YORK-- Burger King Worldwide Inc. reports its third-quarter results Monday, which should give investors another snapshot on the chain's efforts to refresh its outdated image in the U.S. while expanding overseas. In April, Burger King unveiled its biggest ever menu revamp, along with a star-studded advertising campaign.

  • LONDON, Oct 25- International oil company BP, weakened and distracted by its troubles in the United States and Russia, is in danger of losing touch with the leaders in an industry where strength and focus yield the richest pickings. ``I can't help thinking they've sort of lost their way.'' Everywhere you look, they're falling behind, `` said a senior executive of one rival this week.

  • *``Tsunami of filth'' has rocked the BBC. The allegations, which first emerged in an expose on the rival British TV channel ITV, have rocked the BBC, with its chief George Entwistle admitting the broadcaster has been damaged by the scandal.

  • Emcor Group's 3Q profit beats expectations Thursday, 25 Oct 2012 | 4:29 PM ET

    NORWALK, Conn.-- Emcor Group Inc., a contractor to the electric power industry, said Thursday that its third-quarter net income fell 3 percent. Emcor said it expected full-year earnings between $2 and $2.10 per share, up from an earlier forecast of $1.80 to $2 per share.

  • NEW YORK, Oct 25- Global shares retreated and oil prices faltered on Thursday, as encouraging data from Britain and China was overshadowed by uncertainty over the U.S. presidential election and economy.

  • United Technologies to sell pump unit for $236M Thursday, 25 Oct 2012 | 4:27 PM ET

    HARTFORD, Conn.-- United Technologies Corp. said Thursday that it has made a deal to sell the pump and engine control systems units that it got as part of its purchase of Goodrich.

  • *Bunds slip, data helps risk appetite. LONDON, Oct 25- German government bonds slipped on Thursday as a rebound in the British economy spurred demand for riskier assets, but the subsequent rise in Bund yields drew investors back into the market. ',''he said, referring to Spain.

  • Brink's Co shares tumble, 3Q profit falls 56 pct Thursday, 25 Oct 2012 | 4:26 PM ET

    RICHMOND, Va.-- Shares of The Brink's Co. fell Thursday after the armored car company said its third-quarter net income plunged 56 percent, as revenue and operating earnings from its international business sank.

  • Greek government faces split on austerity vote Thursday, 25 Oct 2012 | 4:22 PM ET

    ATHENS, Greece-- A junior partner in Greece's coalition government says it won't vote for labor reforms that are part of a major new austerity package due in parliament next week. The cuts are being demanded by Greece's international creditors as a condition of continued rescue loans.

  • Ark. AG seeks info on alleged payday lenders Thursday, 25 Oct 2012 | 4:22 PM ET

    LITTLE ROCK, Ark.-- Arkansas Attorney General Dustin McDaniel is seeking information about the practices of three companies he says are engaging in payday lending. The suit says Money Mutual LLC, Selling Source LLC and Partner Weekly LLC are all based from the same address in Las Vegas.

  • *Trade surplus of $437 million is biggest since March. MEXICO CITY, Oct 25- Mexican imports slowed in September, allowing Latin America's number two economy to post its biggest trade surplus in six months but bolstering fears of slower growth. Cars have been a mainstay of Mexico's recent export gains, with Mexico now the fourth-biggest exporter of cars globally.

  • Regulators vote for financial probe of San Onofre Thursday, 25 Oct 2012 | 4:22 PM ET

    IRVINE, Calif.-- The California Public Utilities Commission on Thursday opened an investigation into the damaged San Onofre nuclear power plant to determine whether ratepayers should bear costs tied to the facility that has been shut down most of the year.

  • ADT talks with shareholder spur stock surge Thursday, 25 Oct 2012 | 4:21 PM ET

    BOCA RATON, Fla.-- ADT Corp., the home monitoring business spun off recently by Tyco International Ltd., said Thursday it has held "constructive" talks with activist shareholder Corvex Management LP. Corvex, founded by Keith Meister, an associate of activist investor Carl Icahn, has taken a 5 percent stake in ADT, which is based in Boca Raton.

  • Boehringer Ingelheim to pay $95M in settlement Thursday, 25 Oct 2012 | 4:20 PM ET

    WASHINGTON-- Boehringer Ingelheim Pharmaceuticals Inc. will pay $95 million to settle allegations that the company promoted three drugs for uses that were not medically accepted, the government announced Thursday.