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Latest Business News Wires - Business Headlines


  • DETROIT, Oct 25- J.D. Power and Associates and LMC Automotive on Thursday raised their forecast for 2012 U.S. auto sales to 14.4 million vehicles, from the previous forecast of 14.3 million, as the auto industry continues to recover from its downturn three years ago.

  • Ugg-ly holiday season outlook from Deckers Thursday, 25 Oct 2012 | 5:33 PM ET

    GOLETA, Calif.-- Shoppers are tugging off their Uggs, and the maker of the sheepskin boots said Thursday that profit fell 31 percent in its most recent quarter, and slashed its outlook for the end of the year. The warning from Deckers Outdoor Corp., which also sells Teva shoes and sandals, comes just as the all-important holiday season kicks off.

  • News Summary: Stocks edge higher: P&G jumps Thursday, 25 Oct 2012 | 5:31 PM ET

    CLEANED UP: Procter& Gamble posted the biggest gain of any Dow stock. PulteGroup fell 44 cents to $17.01. Toll Brothers dropped $1.04 to $34.21.

  • BJ's Restaurants' 3Q net income up on higher sales Thursday, 25 Oct 2012 | 5:30 PM ET

    HUNTINGTON BEACH, Calif.-- BJ's Restaurants Inc. said Thursday that its net income rose 8 percent in the third quarter on strengthening sales. The restaurant chain reported net income of $6.84 million, or 24 cents per share, for the quarter that ended Oct. 2. That compares with net income of $6.34 million, or 22 cents per share, in the same period last year.

  • *McDonald's taking on Tim Hortons in Canada. TORONTO, Oct 25- McDonald's Corp has stepped up its expansion in Canada again after holding back for more than five years and the fast food chain's Canadian chief sees the potential for a much larger footprint across the country. McDonald's has about 1,400 outlets in Canada.

  • Cerner 3Q net jumps 25 percent Thursday, 25 Oct 2012 | 5:24 PM ET

    KANSAS CITY, Mo.-- Shares of Cerner Corp. soared in after-hours trading Thursday after the health care information management company said its third quarter net income increased 25 percent as bookings rose. Cerner predicted fourth-quarter revenue of $670 million to $700 million, and adjusted profit of 62 to 64 cents per share.

  • LONDON, Oct 25- Miner Anglo American posted increased production in five of its seven key commodities including copper, as it braces for the full impact of crippling South African strikes that have ratcheted up pressure on a management team already under fire.

  • *Dow up 0.1 pct, S&P 500 up 0.2 pct, Nasdaq up 0.1 pct. NEW YORK, Oct 25- Wall Street edged up on Thursday, retreating from session highs as investors were wary of betting aggressively after the S&P 500' s worst five-day stretch since May and the data sent more tepid signals on the economy.

  • *Landfall anywhere from mid-Atlantic to Canada. Oct 25- As Hurricane Sandy makes its way toward the eastern seaboard of the United States, disaster experts and meteorologists warn that the mid-Atlantic and Northeastern states face dangerous winds and heavy rains that could trigger flooding in the coming days.

  • Forecasters warn East Coast about `Frankenstorm' Thursday, 25 Oct 2012 | 5:13 PM ET

    WASHINGTON-- All the spare parts appear to be coming together to create what forecasters are calling "Frankenstorm," a monster combination of high wind, heavy rain, extreme tides and maybe snow that could cause havoc along the East Coast just before Halloween next week. Hurricane Sandy, having blown through Haiti and Cuba on Thursday, continues to barrel north.

  • News Summary: Insider penalty draws scrutiny Thursday, 25 Oct 2012 | 5:11 PM ET

    THE SENTENCE: A two-year prison sentence for insider trading at the height of the 2008 economic crisis, by a man who was once one of the nation's most respected business executives, is a fifth of the 10 years requested by the government and well below sentencing guidelines.

  • How the major stock indexes fared Thursday Thursday, 25 Oct 2012 | 5:11 PM ET

    Procter& Gamble was the biggest gainer in the Dow after the consumer products company, whose products include Tide, Gillette and Charmin, reported earnings that beat analysts' expectations. The S&P 500 is down 20.22 points, or 1.4 percent. The S&P 500 is up 155.37 points, or 12.4 percent.

  • John Wiley & Sons completes Deltak.edu deal Thursday, 25 Oct 2012 | 5:10 PM ET

    John Wiley& Sons has completed its $220 million acquisition of online education provider Deltak.edu, the publisher disclosed in a filing with the U.S. Securities and Exchange Commission on Thursday. Deltak.edu LLC is based outside of Chicago and had $54 million in revenue for the year ended Sept. 30. Shares of John Wiley& Sons rose 21 cents to $43.09 Thursday.

  • *At least three storm-related deaths in Jamaica, Haiti and Cuba. HAVANA, Oct 25- Hurricane Sandy grew into a major potential threat to the east coast of the United States on Thursday after hammering Cuba's second-largest city and taking aim at the Bahamas, U.S. forecasters said.

  • *Dominion to shut Kewaunee reactor in Wisconsin next year. The three plants Richmond, Virginia- based Dominion is looking to sell are the 1,536- megawatt Brayton Point coal, natural gas and oil-fired plant in Massachusetts; the 1,158- MW Kincaid coal plant in Illinois; and the company's 50 percent stake in the 1,424- MW Elwood gas plant in Illinois.

  • La. AG seeks trial for state claims over BP spill Thursday, 25 Oct 2012 | 5:06 PM ET

    NEW ORLEANS-- Louisiana Attorney General James "Buddy" Caldwell's office is asking a federal judge to set a trial date for some of the state's economic loss claims against BP PLC stemming from the 2010 oil spill in the Gulf of Mexico.

  • Wall St view EPS 8 cents. Oct 25- The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 16 percent.

  • Oct 25- Celgene Corp's quarterly earnings rose 14 percent, beating expectations on strong sales of its Revlimid cancer treatment and lower costs, but investors were more focused on ongoing studies of its promising new medicines and wider uses for Revlimid.

  • BioMarin narrows 3Q loss, drug sales climb Thursday, 25 Oct 2012 | 4:58 PM ET

    NOVATO, Calif.-- BioMarin Pharmaceutical Inc.' s third quarter loss narrowed, as sales jumped for two of the pharmaceutical company's drugs. The Novato, Calif., company said Thursday after the stock market closed that it lost $5.4 million, or 4 cents per share, in the three months that ended Sept. 30.

  • American Campus to buy 19 properties Thursday, 25 Oct 2012 | 4:57 PM ET

    AUSTIN, Texas-- American Campus Communities Inc. said Thursday that it will buy 19 student housing properties across the country from Kanye Anderson Capital Advisors LP in a deal worth roughly $862.8 million. American Campus Communities, based in Austin, Texas, is a real estate investment trust with a portfolio of 169 properties across the country.