TOKYO, May 25- Asian shares got off to a lackluster start on Monday, after rising inflation and a hawkish tone from the U.S. Activity was likely to be thin this session, as UK and U.S. markets are shut on Monday for the Spring Bank Holiday and Memorial Day respectively. MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.1 percent in early trade.» Read More
HOUSTON-- National Oilwell Varco Inc. said Thursday that third-quarter profit rose 14 percent, and it predicted strong fourth-quarter demand for drilling rigs used in deep water. Net income was $612 million, or $1.43 per share, compared with $532 million, or $1.25 per share, a year earlier.
WALTHAM, Mass.-- Raytheon Co. said Thursday that third-quarter income was flat, hurt by a slight drop in revenue and tough comparisons to a prior-year quarter boosted by a hefty tax-related gain. But the profit beat Wall Street predictions and the defense contractor boosted its profit prediction for the full year.
*Makes landfall southwest of Santiago de Cuba. HAVANA, Oct 25- Hurricane Sandy, strengthening rapidly after crossing the warm Caribbean Sea, slammed into southeastern Cuba early on Thursday with 105 mph winds that cut power and blew over trees across the city of Santiago de Cuba.
California: Up 26,935, due to layoffs in all sectors, particularly the service industry. Florida: Up 3,947, due to layoffs in agriculture, construction, manufacturing, retail and services. Ohio: Up 1,936, due to layoffs in transportation and manufacturing.
HONG KONG/ SHANGHAI, Oct 25- Hong Kong's commitment to its 29- year-old currency peg to the U.S. dollar risks making the already pricey city even more expensive as policymakers try to manage a wave of foreign money seeking to cash in on a potential Chinese recovery.
Shintaro Ishihara, who recently played a key role in reviving a bitter territorial dispute with China, told a packed news conference that he wants to fix the nation's fiscal and political problems.
TOKYO-- Japan's crippled nuclear power plant is struggling to find space to store tens of thousands of tons of highly contaminated water used to cool the broken reactors, the manager of the water treatment team said.
HONG KONG, Oct 25- ZTE Corp, the world's fourth-biggest maker of mobile phones and fifth-ranked telecommunications equipment manufacturer, reported a net loss of 1.95 billion yuan for July-September, its first quarterly loss on record, as margins thinned, overseas projects were delayed and it made accounting changes at home in China.
THE BUY: Prescription drug distributor McKesson Corp. said Thursday it will buy PSS World Medical Inc., a medical supply distributor, for $1.46 billion, or $34 per share. THE PRICE: McKesson valued the deal at $2.1 billion including debt.
DALLAS-- Two business associates of former Dallas Cowboys linebacker Eugene Lockhart Jr. have been sentenced to prison in a $20 million mortgage scam. A federal judge in Dallas on Wednesday sentenced William Randolph Tisdale Jr. to 10 years for conspiracy to commit wire fraud and bank fraud.
BANGKOK-- Her dream was to look less Thai and more like Jennifer Lopez, so the 25- year-old street food vendor went to the Internet and typed in "cheap Botox." That was the start of a five-year makeover for Ratphila Chairungkit that included two nose jobs, two eye-widening surgeries, chin augmentation, lip trimming, skin whitening and dozens of Botox-type injections.
WASHINGTON-- U.S. companies remained cautious in September and held back on orders for long-lasting manufactured goods that signal investment plans. The Commerce Department said Thursday that orders for durable goods jumped 9.9 a percent last month.
PORTLAND, Ore.-- Precision Castparts Corp. said Thursday its fiscal second-quarter net income rose 13 percent on demand for commercial airplane parts and the benefit of recent acquisitions. The company earned $332.7 million, or $2.29 per share, compared with $294.7 million, or $2.07 per share, a year earlier.
SEOUL, South Korea-- It's almost a rite of South Korean politics: As a president's single five-year term nears its end, a feeding frenzy of aggressive corruption allegations begins. On Thursday, special prosecutors summoned Lee's son, Lee Si- hyung, for questioning over a now scrapped deal to buy land for Lee's retirement home. Lee Si- hyung bought part of the land.
The latest numbers show that young adults 25-29 are the primary out-of-state movers; they had the biggest gain in 13 years as they struck out on their own to test the job market in urban, high-tech meccas such as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.
Royal Dutch Shell plc, Europe's largest oil company, is expanding its substantial presence in the North Sea with a $525 million purchase of stakes in oil fields there from Hess Corp.. The fields are operated by a separate company, Apache Corp.. Hess, which is based in New York, has sold off $2.4 billion worth of assets this year.
BEIJING-- Police in a heavily Tibetan region of far west China are offering tipsters a reward of $7,700 for information about planned self-immolations in a bid to stem a tide of fiery protests against Chinese rule.
INDIANAPOLIS-- Shopping mall operator Simon Property Group said Thursday that a key measure of profitability rose in its third quarter as rents increased and occupancy improved. Simon Property Group Inc.' s funds from operations, or FFO, rose to $720.1 million, or $1.99 per share, from $606.2 million, or $1.71 per share, a year earlier.