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Latest Business News Wires - Business Headlines


  • Reuters World News Highlights 2200 GMT Oct 25 Thursday, 25 Oct 2012 | 10:04 PM ET

    BEIRUT/ GENEVA- Syria's army command announced a ceasefire on Thursday to mark the Muslim holiday of Eid al Adha but said it reserved the right to respond to any rebel attack or moves to reinforce President Bashar al-Assad's armed foes.

  • TORONTO, Oct 25- Goldcorp Inc, the No. 2 Canadian gold miner, reported better-than-expected quarterly results on Thursday, as improved performance at its Red Lake and Penasquito mines led to strong gold and silver sales.

  • SYDNEY, Oct 26- Macquarie Group, Australia's top investment bank, reported an 18.4 percent rise in first-half net profit on Friday that missed expectations as weak markets hurt, but it reiterated full-year profits would top the year-ago figure.

  • NEW YORK, Oct 25- Most commodity markets posted slight losses on Thursday, led by a 2 percent slide in corn on weak U.S. export sales, though Brent crude oil prices bounced following seven days of losses as gasoline prices surged.

  • UPDATE 3-KLA-Tencor sees lower revenue, uncertainty Thursday, 25 Oct 2012 | 9:51 PM ET

    SAN FRANCISCO, Oct 25- KLA-Tencor Corp posted fiscal first-quarter revenue below expectations and said current-quarter revenue would fall more as chipmakers, worried about the economy, hold off on new orders of manufacturing equipment.

  • Greek debt to badly miss target -euro zone official Thursday, 25 Oct 2012 | 9:50 PM ET

    *Greece will need to enact more reforms to get credit. *Greece is ``off track'', euro zone official says.

  • SAN FRANCISCO, Oct 25- Apple Inc delivered another quarter of lackluster results and iPad sales fell well short of Wall Street targets, pushing its stock down more than 1 percent. Apple sold fewer iPads than anticipated as the economy remained weak and consumers waited for the new iPad mini, which will hit store shelves next month.

  • *Apple falls short of earnings expectations. Apple's earnings per share came in at $8.67, compared with Wall Street's estimate for $8.75 a share.

  • Carrier America Movil profit up 6.6 percent in 3Q Thursday, 25 Oct 2012 | 9:28 PM ET

    MEXICO CITY-- Mexican telecommunications company America Movil says its profits rose 6.6 percent in the third quarter from the same period last year, reaching 30.6 billion pesos. America Movil also expanded its cellphone customer base. America Movil SA is Latin America's biggest telecom company.

  • NEW YORK, Oct 25- Brent crude futures edged higher on Thursday after seven straight sessions of losses, as the threat of Hurricane Sandy to East Coast gasoline and heating oil supplies lifted markets.

  • *Apple meets forecasts; Amazon has big loss. NEW YORK, Oct 25- Shares on major world markets rose slightly on Thursday on better-than-expected corporate earnings and economic data while the dollar rallied to a four-year high against the yen on expectations Bank of Japan will ease monetary policy next week.

  • RIO DE JANEIRO, Oct 25- Brazilian mining company Vale SA plans to sell underperforming assets to control costs and boost profit, executives said on Thursday, a day after reporting weak earnings and halting work on a giant iron ore mine in the West African nation of Guinea.

  • WASHINGTON, Oct 25- The world produced more oil in October as Libya, Iraq and Saudi Arabia pumped more crude and the United States continued to draw more oil from its vast shale reserves, the U.S. Energy Information Administration said in a bimonthly report. The report is required by the Iran sanctions law President Barack Obama signed last year.

  • SAN FRANCISCO, Oct 25- KLA-Tencor Corp posted fiscal first-quarter revenue below expectations as chipmakers, worried about the economy, held off on new orders of manufacturing equipment. KLA-Tencor said first-quarter revenue was $721 million, compared with $796 million in the year-ago period.

  • UPDATE 2-Apple fails to wow as iPad sales disappoint Thursday, 25 Oct 2012 | 9:06 PM ET

    SAN FRANCISCO, Oct 25- Apple Inc delivered lackluster quarterly results and iPad sales fell short of Wall Street targets, pushing its stock slightly lower.

  • UPDATE 2-Amazon reports weak results, shares slip Thursday, 25 Oct 2012 | 9:06 PM ET

    *Amazon spending heavily on warehouses, Kindle technology, cloud business. SAN FRANCISCO, Oct 25- Amazon.com Inc reported weak quarterly results on Thursday as the world's largest Internet retailer spent heavily and suffered from an economic slowdown in Europe.

  • U.S. FCC to examine text-message spam Thursday, 25 Oct 2012 | 9:01 PM ET

    WASHINGTON, Oct 25- The U.S. Federal Communications Commission said this week it is accepting comments on a petition to keep spam off cellphones by having Internet-to-phone text messaging declared a type of illegal auto-dialing.

  • BEIJING, Oct 26- Excitement around China's once-a-decade leadership change is spreading beyond diplomatic circles into corporate boardrooms: many foreign firms believe Beijing will ramp up state spending and lift demand when its new government takes office.

  • NEW YORK, Oct 25- Industrial machinery maker Gardner Denver Inc is exploring a sale and has drawn initial interest from several major private equity firms, according to people familiar with the matter, in a deal that would top $3.5 billion.

  • Floods delay Argentine soy planting-exchange Thursday, 25 Oct 2012 | 8:58 PM ET

    BUENOS AIRES, Oct 25- Floods have severely delayed Argentine soy planting at a time when consumer nations are counting on the country to help control soaring grains prices by replenishing supplies, a key grains exchange said on Thursday.