Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines


  • Oct 31- Nu Skin Enterprises Inc's quarterly results handily beat Wall Street expectations on strong performance of its anti-ageing and nutritional supplement businesses in China, prompting the company to raise its full-year forecast for the sixth time.

  • NEW YORK, Oct 31- The Dow and S&P opened higher on Wednesday as equity markets reopened following a two-day market closure prompted by a damaging storm in the U.S. The Dow Jones industrial average was up 80.02 points, or 0.61 percent, at 13,187.23. The Standard& Poor's 500 Index was up 5.81 points, or 0.41 percent, at 1,417.75.

  • *Market awaits China's official PMI on Thursday. LONDON, Oct 31- London copper rose more than 1 percent as the dollar weakened against the euro on Wednesday, but the metal was still on track for a monthly loss on uncertainty about demand from top consumer China.

  • UPDATE 2-Phillips 66 quarterly profit up on good margins Wednesday, 31 Oct 2012 | 1:39 PM ET

    The company's margins were also higher than expected in Europe and the Atlantic Basin, which helped drive the earnings beat, Roger Read, analyst for Wells Fargo said in a note to clients. The Houston company had a third-quarter profit of $1.6 billion or $2.51 per share, compared with $1 billion or $1.65 per share a year earlier.

  • Facebook shares fall as lock-up period expires Wednesday, 31 Oct 2012 | 1:35 PM ET

    Oct 31- Facebook Inc shares fell 4 percent to $21.07 in busy early trade on Wednesday morning on the company's approval to let employees sell some stock. The world's largest social network waived a provision that prevented employees from selling shares until Nov. 14. As a result, Facebook staffers were able to sell their vested shares on Oct. 29.

  • NJ motorists line up for gasoline Wednesday, 31 Oct 2012 | 1:30 PM ET

    WALL TOWNSHIP, N.J.-- It's reminiscent of the gas shortages in the 1970 s. Motorists are lining up for miles for gasoline at a service area on the Garden State Parkway in Wall Township. Brian Polite says the wait has been about an hour.

  • JPMorgan sues former London Whale boss-report Wednesday, 31 Oct 2012 | 1:30 PM ET

    Oct 31- JPMorgan Chase& Co has filed suit against the former boss of Bruno Iksil, the trader known as the London Whale for the outsized derivatives positions he took that cost the bank $6.2 billion this year, according to a published report. JPMorgan executives said in July the bank would act to take back pay from traders and supervisors involved in the loss.

  • Wall St view of a loss of 18 cents. The video game publisher blasted past estimates as it posted adjusted earnings per share of 11 cents versus analysts' average expectations of a loss of 18 cents according to Thomson Reuters I/B/E/S. For the quarter ending Sept. 30, revenue more than doubled to $288 million, beating analysts' forecast of $240.66 million.

  • Iran and Syria swap fuels as both aim to dodge sanctions Wednesday, 31 Oct 2012 | 1:29 PM ET

    LONDON, Oct 31- Iran and Syria have arranged a gasoline-for-diesel swap, helping each other overcome international sanctions that have cut them off from fuel supplies needed to keep their economies afloat and support their armies.

  • Thousands of fans line up for SF Giants parade Wednesday, 31 Oct 2012 | 1:26 PM ET

    SAN FRANCISCO-- Orange- and-black clad hordes flooded the streets of San Francisco on Wednesday for a Halloween Day ticker-tape parade celebrating the 2012 World Series champion Giants. More than an hour before the start of the parade, thousands of people decked out in Giants gear or Halloween costumes stood 20 deep behind barriers along Market Street.

  • UPDATE 1-Clorox posts higher profit, stands by 2013 view Wednesday, 31 Oct 2012 | 1:26 PM ET

    *First-quarter profit $1.01/ share tops Street view $0.95. Oct 31- Clorox Co posted a higher quarterly profit and maintained its forecast for the fiscal year on Wednesday, buoyed by price increases, cost cuts and a lower-than-anticipated tax rate.

  • UPDATE 3-PVH to buy Warnaco for Calvin Klein control Wednesday, 31 Oct 2012 | 1:26 PM ET

    *Offer of $68.43 a share represents a premium of 34 percent. Oct 31- PVH Corp will buy rival Warnaco Group Inc for about $2.8 billion in a cash-and-stock deal that will give the company control of the Calvin Klein clothing brand.

  • By Harry Papachristou and George Georgiopoulos. ATHENS, Oct 31- The Greek government on Wednesay predicted worse-than-expected recession in 2013 and downgraded a rare positive note in its budget, highlighting the toll of repeated rounds of austerity.

  • Few housing solutions offered in presidential race Wednesday, 31 Oct 2012 | 1:22 PM ET

    HENDERSON, Nev.-- This suburb in a battleground state is pockmarked with half-built subdivisions, foreclosed homes and voters like Leslie Levin. But here and in hotly contested Florida, the damage to the housing market is still painfully visible.

  • Oct 31- Take-Two Interactive Software Inc's quarterly revenue more than doubled on strong sales of ``Borderlands 2'' and ``Grand Theft Auto IV,'' but the company said on Wednesday that it was reducing its outlook for its fiscal year 2013..

  • Oct 31- Payment network MasterCard Inc's quarterly revenue missed analysts' estimates for the second time in a row as consumers held back on spending. The world's second-largest credit and debit card network said net income rose 8 percent to $772 million, or $6.17 per share, in the third quarter from $717 million, or $5.63 per share, a year earlier.

  • Sherritt posts loss on lower nickel sales, price Wednesday, 31 Oct 2012 | 1:18 PM ET

    Oct 31- Canadian miner Sherritt International Corp posted a third-quarter loss on Wednesday as lower nickel prices and sales volumes, and lower exports of thermal coal weighed on revenue.

  • Teen deaths case behind French riots reopens Wednesday, 31 Oct 2012 | 1:03 PM ET

    PARIS-- France's highest appeals court on Wednesday reopened a trial of two police officers accused of failing to help two teenagers whose 2005 electrocution deaths sparked riots across the country.

  • LONDON, Oct 31- World shares and the euro edged up on Wednesday as investors braced for a storm-hit Wall Street to reopen after its two-day closure and looked ahead to economic data later in the week. Equity futures are higher, so people are expecting a positive opening,'' said Arne Lohmann Rasmussen, head of currency research at Danske Bank in Copenhagen.

  • *Offer of $68.43/ share represents a premium of 34 pct to Warnaco's last close. Oct 31- PVH Corp will buy lingerie and sportswear maker Warnaco Group Inc for about $2.8 billion in a cash-and-stock deal to bring the Calvin Klein clothing brand under one roof.