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Latest Business News Wires - Business Headlines


  • 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.

  • 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.

  • 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.

  • Oct 25- McDonald's Corp will start selling bags of its ground coffee in major Canadian stores in November, its Canadian chief told Reuters on Thursday, in a likely challenge to rivals like Starbucks Corp and Dunkin' Donuts.

  • LoBue again used sales and expense information to purchase 11,680 shares ahead of J.Crew' s August 2009 earnings announcement, the SEC said. Through the trades, LoBue received around $60,000 in illicit profits, the SEC said.

  • SAN FRANCISCO, Oct 25- Apple Inc reported quarterly revenue that met Wall Street expectations even as iPad sales disappointed. Apple said its fiscal fourth quarter revenue rose to $35.96 billion, roughly in line with the average analyst estimate of 35.8 billion, according to Thomson Reuters I/B/E/S.

  • *Apple falls short of earnings expectations. After the close of trading, Apple Inc, the most valuable public company in the United States, posted quarterly earnings that fell short of expectations. Apple's earnings per share came in at $8.67, compared with Wall Street's estimate for $8.75 a share.

  • US STOCKS SNAPSHOT-Futures fall following Apple miss Thursday, 25 Oct 2012 | 8:46 PM ET

    NEW YORK, Oct 25- U.S. stock index futures fell on Thursday after Apple's quarterly profit missed Wall Street's expectations. S&P 500 futures fell 8.2 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.

  • Oct 25- Shares of online streaming music service Pandora Media closed down 12 percent on a report that Apple Inc was in serious talks with major music labels to start an advertising-supported internet radio service by early next year.

  • Kremlin dismisses talk Putin has back trouble Thursday, 25 Oct 2012 | 8:40 PM ET

    MOSCOW, Oct 25- The Kremlin on Thursday dismissed talk that Russian President Vladimir Putin has a back problem that prompted him to postpone foreign visits and might require surgery. Putin, who began a six-year presidential term in May and turned 60 on Oct. 7, was seen to be limping at an Asia-Pacific summit in the Pacific port of Vladivostok in early September.

  • In testimony, Romney was skeptical of Staples Thursday, 25 Oct 2012 | 8:39 PM ET

    CANTON, Mass.-- In newly unsealed testimony related to Staples founder Tom Stemberg's divorce, Republican presidential candidate Mitt Romney says he was initially skeptical of the idea for Staples, the office supply chain he lauds as a business success story that he helped create.

  • 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.

  • *Euro falls as Spain bailout uncertainty continues to weigh.

  • *Stronger than expected UK growth supports risk-on trade. *Treasury sells $29 billion in seven-year notes. ``Today's auction was pretty lackluster,'' said Kim Rupert, managing director of global fixed income analysis at Action Economics in San Francisco.

  • *CEOs demand Congress find debt solution. WASHINGTON, Oct 25- Chief executives of more than 80 big U.S. corporations, including Goldman Sachs, Cisco Systems and Boeing, joined forces to press Congress to reduce the federal deficit in a rare show of broad corporate unity.

  • 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. Amazon shares fell more than 5 percent to $211 in after-hours trading following the results.

  • *Dow up 0.2 pct, S&P 500 up 0.3 pct, Nasdaq up 0.2 pct. There were a few bright spots, such as Procter& Gamble, which rose 2.9 percent to $70.07 after reporting stronger-than-expected results. The broad S&P 500 has declined 3.6 percent over the previous five sessions.