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  • New Summary: Sprint posts wider 3rd-quarter loss Thursday, 25 Oct 2012 | 10:23 AM ET

    SPRINTING AWAY: In the July to September period, Sprint Nextel Corp. lost subscribers for the first time in two and a half years. However, Sprint's network offers slower data downloads than the bigger rivals in most places. BOTTOM LINE: Sprint's loss widened to $767 million, or 26 cents per share.

  • Germany orders recall of some Novartis flu shots Thursday, 25 Oct 2012 | 10:21 AM ET

    BERLIN-- German authorities ordered a recall Thursday of some batches of Novartis flu vaccine as a precautionary measure after the company reported the appearance of small particles in the manufacturing process. Italy's health ministry banned the sale of four Novartis flu drugs on Wednesday.

  • Linn Energy posts 3Q loss on commodity hedging Thursday, 25 Oct 2012 | 10:20 AM ET

    HOUSTON-- Linn Energy LLC posted a $430 million loss for the third quarter on Thursday because of losses from commodity derivatives intended to reduce fluctuations in cash flow. The company said that without the hedging losses, it would have earned $89.8 million, or 45 cents per share.

  • Imax shares jump on strong 3rd-quarter results Thursday, 25 Oct 2012 | 10:18 AM ET

    LOS ANGELES-- Imax Corp. said Thursday its third-quarter profit jumped 79 percent, as the company installed its systems in more theaters and made more money from converting movies to the Imax format. The news pleased investors and Imax shares jumped in morning trading.

  • UPDATE 1-ZTE posts a first quarterly loss, margins bleed Thursday, 25 Oct 2012 | 10:16 AM ET

    HONG KONG, Oct 25- ZTE Corp, the world's fourth-biggest maker of mobile phones and fifth-ranked telecommunications equipment manufacturer, reported a $310 million net loss for July-September, its first quarterly loss, as margins thinned, overseas projects were delayed and it made accounting changes at home in China.

  • Reuters World News Highlights 1000 GMT, Oct 25 Thursday, 25 Oct 2012 | 10:16 AM ET

    HAVANA- 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.

  • AutoNation CEO: Car sales recovery will continue Thursday, 25 Oct 2012 | 10:14 AM ET

    AutoNation Inc. CEO Mike Jackson said people who held onto their cars through the Great Recession in 2008 and 2009 now have to make a choice between sinking thousands into repairing old vehicles or buying new ones.

  • Aetna reports higher quarterly profits, raises outlook Thursday, 25 Oct 2012 | 10:13 AM ET

    Oct 25- Aetna Inc., the third-largest U.S. health insurer, reported a higher quarterly profit on Thursday as it reached its 2012 goal of 18.2 million members ahead of schedule and kept costs down. It previously had forecast $5.00 to $5.10.

  • *CME Group's results fall on quieter markets Thursday, 25 Oct 2012 | 10:13 AM ET
  • Theft suspect found dead at Texas substation Thursday, 25 Oct 2012 | 10:13 AM ET

    SPRING, Texas-- Investigators say a man suspected of trying to steal copper wire has been found dead at an electrical substation near Houston. The Montgomery County Sheriff's Office on Thursday said investigators believe 37- year-old Harold Gene Schneider was electrocuted in the theft process.

  • GLOBAL MARKETS-UK pick up lifts European shares, sterling Thursday, 25 Oct 2012 | 10:12 AM ET

    LONDON, Oct 25- Global shares and commodity markets rose on Thursday, pulled out of their recent slide by encouraging data from Britain and China and the U.S.

  • Oct 25- Canadian oil and gas producer Nexen Inc said it still expects a $15.1 billion takeover bid by China's CNOOC Ltd to close in the current quarter. CNOOC's chief financial officer, Zhong Hua, told reporters on Wednesday that his company expected to get approval for the takeover by the end of the year.

  • *Q3 sales fall 19 pct to $6.68 bln vs consensus $6.75 bln. *Core EPS $1.51 vs consensus $1.44; full-year outlook held. LONDON, Oct 25- AstraZeneca's sales slumped by a bigger-than-expected 19 percent in the third quarter, underscoring the challenges confronting the drugmaker's new chief executive, Pascal Soriot.

  • Cabela's says smaller store format boosted 3Q Thursday, 25 Oct 2012 | 10:10 AM ET

    SIDNEY, Neb.-- Cabela's Inc. said Thursday that its net income rose 28 percent in the third quarter, which was in line with Wall Street expectations, as the outdoor sporting goods retailer's new, smaller store formats outperformed its more cavernous stores. Cabela's also noted that its free shipping offer also hurt results for the segment.

  • After government lifeline, Peugeot finds 600 jobs Thursday, 25 Oct 2012 | 10:08 AM ET

    The announcement comes a day after France offered Peugeot a 7 billion lifeline in loan guarantees but demanded influence in decision-making. Varin insisted the government would not make decisions for Peugeot. According to the Peugeot announcement, ID Logistics planned to use the site and hire 600 of its workers.

  • LONDON/ SHANGHAI, Oct 25- Copper edged up on Thursday, snapping four sessions of losses, supported by the U.S. Federal Reserve's renewed commitment to keep stimulating economic growth and by improving manufacturing data from top metals consumers China and the United States.

  • Drought holds its grip as growers pivot to wheat Thursday, 25 Oct 2012 | 10:04 AM ET

    ST. LOUIS-- The worst U.S. drought in decades is showing little signs of easing as farmers close out their corn harvests and pivot toward growing winter wheat that's now struggling in the dry conditions. Drought Monitor update released Thursday shows that more than roughly 62 percent of the land in the lower 48 states is experiencing some degree of drought.

  • Sales contracts to buy US homes rose last month Thursday, 25 Oct 2012 | 10:00 AM ET

    WASHINGTON-- The number of Americans who signed contracts to buy homes rose only slightly, suggesting sales may level off in the coming months after solid gains in the past year. The National Association of Realtors said Thursday that its seasonally adjusted index of sales agreements rose in September to a reading of 99.5.

  • US rate on 30-year mortgage rises to 3.41 pct. Thursday, 25 Oct 2012 | 10:00 AM ET

    WASHINGTON-- Average U.S. mortgage rates rose only slightly this week and continued to hover near record lows, a trend that has helped boost home sales and refinancing. Mortgage buyer Freddie Mac said Thursday that the rate on the 30- year fixed mortgage edged up to 3.41 percent, from 3.37 last week. Three weeks ago, the rate touched 3.36 percent.

  • RPT-As investors bet on election, odd trading crops up Thursday, 25 Oct 2012 | 9:59 AM ET

    NEW YORK, Oct 24- Money managers across the United States are avidly watching the Nov. 6 presidential election, gaming out investing strategies in the event of a second term for Barack Obama or a first one for Mitt Romney.