AMSTERDAM, Sept 23- Philips on Tuesday said it will break its 120- year-old company in two, creating a stand-alone lighting business and merging consumer and healthcare divisions into a 15- billion euro business. The company said in a statement the new structure will bring cost savings of 100 million euros next year and a further 200 million euros in 2016..» Read More
*BHP's Vanselow, Xstrata's Davis in frame as replacements. LONDON, Oct 26- Anglo American's Chief Executive Cynthia Carroll has quit after more than five years in the job, under pressure from investors over the miner's lagging share price and continued dependence on troubled South Africa.
Oct 26- Comcast Corp posted a higher quarterly profit on Friday, driven partly by revenue generated at its NBC Universal unit by the London Olympics as well as by new Internet customers for its cable business.
RAPID CITY, S.D.-- The South Dakota School of Mines and Technology is cutting the ribbon Friday on its new downtown campus building in Rapid City. The 18,000- square-foot building is housing the university's industrial engineering department and a four-room conference center for community use.
MADRID, Oct 26- Spain's unemployment rate hit a record high in the third quarter, with one in four out of work and more expected to lose their jobs in 2013 as the next phase of government cutbacks kicks in.
The company was spun off from Dean Foods Co. at a time when the organic and natural foods segment is growing faster than the broader packaged food market.
SAN FRANCISCO, Oct 26- Pension changes recently endorsed by the Los Angeles city council don't go far enough for former Mayor Richard Riordan, who aims to put more aggressive fixes on the city's May 2013 ballot.
BOSTON-- The top securities regulator in Massachusetts has fined Citigroup $2 million for failing to supervise analysts who improperly disclosed confidential information about Facebook's initial public offering.
JOPLIN, Mo.-- Missouri is offering incentives for an Arkansas storage business to open a facility in Joplin. Jay Nixon's administration says Don's Cold Storage could receive more than $1.1 million under several state incentive programs to build a $14 million cold-storage and distribution center.
ALBUQUERQUE, N.M.-- Nearly all of New Mexico continues to grapple with some level of drought, and federal forecasting models show those conditions are likely to persist through January. State and federal officials reported during a drought monitoring meeting Thursday that there has been only one day of rain so far this month in the eastern half of New Mexico.
*Brazil investing heavily to increase energy capacity. SAO PAULO, Oct 26- A blackout affected as many as 12 Brazilian states late Thursday night and early Friday according to local media reports, the latest in a string of power shortages that have raised questions about whether Brazil's infrastructure is keeping pace with economic growth.
SANTA FE, N.M.-- The state Environmental Department says workplace deaths in New Mexico rose substantially in 2011.. The department says it logged a total of 51 deaths last year from 38 in 2010. The biggest increase was tallied among transportation workers, where 21 people were killed last year.
NEW YORK-- HMS Holdings Corp.' s shares shed nearly a quarter of their value Friday after the medical information company said its third-quarter earnings dropped 27 percent on higher costs. The New York company earned $10.5 million, or 12 cents per share, in the three months that ended Sept. 30.
NEW ORLEANS-- The Federal Emergency Management Agency has reimbursed the Louisiana Department of Public Safety for nearly $1.3 million in costs associated with its response to Hurricane Isaac.
CHICAGO-- Medical real estate company Ventas Inc. said Friday that its funds from operations grew 12 percent in the third quarter, buoyed by acquisitions. Ventas invests in, manages, finances and leases real estate used by health care companies.
RICHMOND, Va.-- Virginia economic development officials are releasing a guide to promote the export of services from companies around the state. The guide is from the Virginia Economic Development Partnership's International Trade division.
LONDON-- A former UBS trader accused of losing $2.3 billion through reckless deals and deceit broke down in tears in court Friday as he insisted he had acted purely to help save the bank he considered his family. Kweku Adoboli denied fraudulent behavior as he took the stand for the first time, six weeks into his trial at London's Southwark Crown Court.
BETHESDA, Md.-- Coventry Health Care Inc.' s third-quarter net income dropped 14 percent, as the health insurer's medical costs and other expenses outweighed revenue gains from an expansion of its Medicaid business.