Latest Business News Wires - Business Headlines


  • Ford sees total $3 European bln loss in 2012, 2013 Thursday, 25 Oct 2012 | 2:23 PM ET

    DETROIT, Oct 25- Ford Motor Co expects to lose a combined $3 billion in Europe in 2012 and 2013, executives said during a conference call on Thursday, adding that European car sales may only rise to 15 million annually by mid-decade.

  • Smart Spending: Strategies for finding hot toys Thursday, 25 Oct 2012 | 2:20 PM ET

    But never fear: Here are some strategies to make sure that whatever toy your child wants, from the latest Monster High doll or robotic Furby pet to the child-size LeapPad Explorer, is under the tree _ without having to pay exorbitantly on eBay or elsewhere.

  • *McKesson to acquire PSS World Medical. *Procter& Gamble climbs after results. NEW YORK, Oct 25- U.S. stocks advanced on Thursday, putting the S&P 500 on track to rebound from its worst five-day performance in five months, on optimism the economies of both the U.S. and China may be recovering.

  • STRASBOURG, France, Oct 25- The European Parliament rejected Luxembourg banker Yves Mersch's nomination to the board of the European Central Bank on Thursday because of his gender, raising the stakes in a showdown with EU governments over power and women's rights.

  • News Summary: Ford to shut more plants in Europe Thursday, 25 Oct 2012 | 2:15 PM ET

    All automakers are struggling in Europe with too many plants, high labor costs and an economic crisis that has sapped demand for cars. HUMAN SCALE: The closure of the plant in Southampton, Britain, will cost 1,500 jobs. On Thursday, Ford said it was closing a massive factory in east Belgium at a cost of 6,200 jobs.

  • Networks, AP changing exit poll strategy Thursday, 25 Oct 2012 | 2:14 PM ET

    NEW YORK-- A growth in early voting and tough economy for the media are forcing changes to the exit poll system that television networks and The Associated Press depend upon to deliver the story on Election Night, all with the pressure-filled backdrop of a tight presidential race.

  • Celgene 3Q profit climbs 14 pct on higher sales Thursday, 25 Oct 2012 | 2:13 PM ET

    SUMMIT, N.J.-- Biotech drugmaker Celgene Corp. on Thursday reported a 13.7 percent jump in third-quarter profit as higher sales of its key drug offset declines for a couple other medicines and increased spending on research and marketing.

  • UPDATE 2-Simon Property FFO rises, tops expectations Thursday, 25 Oct 2012 | 2:10 PM ET

    *Q3 FF0 $1.99/ share vs Street view $1.92. Oct 25- Simon Property Group Inc reported a 19 percent increase in a key earnings measure Thursday on higher rents and sales at its malls and outlet centers, easily beating estimates, and the real estate investment trust raised its outlook for the year.

  • 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.

  • 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."