Latest Business News Wires - Business Headlines


  • Pfizer quarterly revenue fall far short of forecasts Thursday, 1 Nov 2012 | 11:13 AM ET

    Nov 1- Pfizer Inc reported quarterly revenue well below Wall Street expectations, following the loss of patent protection on its Lipitor cholesterol fighter. That compared with $3.74 billion, or 48 cents per share, in the year-earlier period, when the company recorded a $1.3 billion gain on the sale of its Capsugel business.

  • Pentair posts lower third-quarter profit Thursday, 1 Nov 2012 | 11:13 AM ET

    NEW YORK, Nov 1- Pentair Ltd reported lower quarterly sales and net profit on Thursday in a report that does not yet include results from the Tyco flow control business, which merged with Pentair last month.

  • Libyan oil workers vie for regional vs central control Thursday, 1 Nov 2012 | 11:08 AM ET

    *Protests at Tripoli headquarters over role. TRIPOLI/ BENGHAZI, Libya, Nov 1- Libya's National Oil Corporation is reviewing a proposal for a Benghazi branch as officials contend with opposition by NOC staff in Tripoli versus protests and threats of output cuts by workers in the oil-rich east who want more control there.

  • AMSTERDAM, Nov 1- Dutch Labour member of parliament Jeroen Dijsselbloem looked set to become the country's next finance minister after he was called to a meeting with Prime Minister Mark Rutte on Thursday.

  • *Super storm Sandy seen impacting fuel demand on US East Coast. LONDON, Nov 1- European oil futures fell on Thursday as investors continued to analyse the aftermath of super storm Sandy, while U.S. futures gained as U.S. markets geared back up after the severe battering to the east coast delivered by Sandy.

  • Federal storm aid available for NYC, LI residents Thursday, 1 Nov 2012 | 11:01 AM ET

    NEW YORK-- The Federal Emergency Management Agency says federal funding is being made available to storm-affected residents and business owners in New York City and on Long Island. Assistance includes grants for temporary housing and home repairs, low-cost loans to cover uninsured property losses and other programs.

  • Tandy reports strong sales in October Thursday, 1 Nov 2012 | 10:51 AM ET

    FORT WORTH, Texas-- Tandy Leather Factory Inc. reported Thursday that revenue from its traditional retail stores increased 18 percent in October as it grew in popularity with consumers. The company, based in Fort Worth, Texas, operates 77 Tandy Leather stores in North America that sell leather, leatherworking tools, buckles, saddle hardware and other items.

  • UPDATE 4-At least 22 killed in Riyadh fuel truck blast Thursday, 1 Nov 2012 | 10:44 AM ET

    RIYADH, Nov 1- At least 22 people were killed when a fuel truck crashed into a flyover in the Saudi capital Riyadh on Thursday, triggering an explosion that brought down an industrial building, Saudi state television reported.

  • RPT-PREVIEW-U.S. auto sales seen up 11 pct in October Thursday, 1 Nov 2012 | 10:44 AM ET

    *Storm Sandy may cost industry 100,000 vehicle sales. DETROIT, Oct 31- U.S. auto sales are set to rise 11 percent in October, led by Toyota Motor Corp and Honda Motor Co which benefited from increased demand for compact cars as gasoline prices remained high across the country.

  • Cigna raises full-year adjusted earnings forecast again Thursday, 1 Nov 2012 | 10:22 AM ET

    Nov 1- Health insurer Cigna Corp's quarterly profit more than doubled on growth in premiums and fees from its healthcare business, and the company raised its full-year adjusted earnings outlook for the third time this year.

  • Visteon earnings fall, plans signficant cost cutting Thursday, 1 Nov 2012 | 10:20 AM ET

    Nov 1- Auto parts supplier Visteon Corp posted a steep fall in quarterly profit as lower vehicle production hit revenue and it said it plans significant cost cutting. The former Ford subsidiary said it expects to incur restructuring and other costs of about $100 million, beginning in the fourth quarter.

  • A state-by-state look at superstorm's effects Thursday, 1 Nov 2012 | 10:16 AM ET

    The massive storm that started out as Hurricane Sandy slammed into the East Coast and morphed into a huge and problematic system, killing at least 75 people in the United States. Governor lifts state of emergency and authorizes National Guard to continue cleanup support. Governor sends forest rangers to New York City to help with recovery there.

  • Reuters World News Highlights at 0945 GMT, Nov 01 Thursday, 1 Nov 2012 | 10:16 AM ET

    LONDON- Britain threatened on Thursday to veto any deal on the European Union budget that is not good for the British taxpayer, a day after a humiliating defeat in parliament undermined Prime Minister David Cameron's authority.

  • US manufacturing expands at faster pace in October Thursday, 1 Nov 2012 | 10:13 AM ET

    WASHINGTON-- U.S. manufacturing expanded for the second straight month in October, boosted by growth in new orders and production. The Institute for Supply Management says its index of factory activity rose last month to 51.7, up from September's reading of 51.5. A reading above 50 indicates expansion.

  • Ever since James Watson and Francis Crick discovered the structure of DNA in 1953, scientists have been puzzling over how genes make us who we are.

  • NEW DELHI, Nov 1- India's oil imports from Iran rose 53 percent in September on the month to 294,400 barrels per day, tanker discharge data made available to Reuters shows, as MRPL resumed buying normal volumes from Tehran after a gap of two months and the sanctions-hit nation got a new client HPCL-Mittal Energy Ltd, part owned by steel tycoon L.N. Mittal.

  • *India imported about 294,400 bpd from Iran in September. NEW DELHI, Nov 1- India's oil imports from Iran fell about 19 percent in the first half of 2012/ 13 to about 257,000 barrels per day, even lower than planned, data available to Reuters show, potentially helping New Delhi win a renewal of a waiver from U.S. sanctions.

  • *U.S., Japan fiscal problems, euro crisis main economic risks. TOKYO, Nov 1- Japan's government is ready to compromise with the opposition to pass a crucial bill needed to prevent a crippling funding shortfall, Vice Finance Minister Tsutomu Okubo said on Thursday, urging the opposition to spell out terms.

  • BUSINESS-NEWS-SCHEDULE AT 0930 GMT / 05.30 AM ET Thursday, 1 Nov 2012 | 9:54 AM ET

    BEIJING/ LONDON- Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released that showed renewed vim from China's factory sector and a rebound in South Korean exports (GLOBAL-ECONOMY/PMIS,, moved, by Lucy Hornby and Se Young Lee, 950 words).

  • BEIJING/ SEOUL, Nov 1- Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released on Thursday that showed renewed vim from China's factory sector and a rebound in South Korean exports.