Jan 28- Sears Holdings has cut 115 jobs, including 100 at its headquarters near Chicago, as the struggling retailer looks to rein in costs, the Chicago Tribune reported on Wednesday.» Read More
BOSTON-- State Street Corp. shares rose on Tuesday after the custody bank's third-quarter earnings topped Wall Street expectations due to expense cutting and growth in investment management revenue. THE SPARK: The Boston- based company reported adjusted earnings of $473 million, or 99 cents per share, on revenue of $2.36 billion.
Einstein Noah Restaurant Group Inc., which is also considering selling itself, said that it expects to report net income of $3.4 million on revenue of $105.5 million for the quarter that ended on Oct. 2. That falls short of the $3.6 million in profit and $108.3 million in revenue that analysts polled by FactSet were expecting.
CONFIDENCE BOOST: The National Association of Home Builders/Wells Fargo builder sentiment index increased to 41 in October. That's up from 40 in September and the highest reading since June 2006, just before the housing bubble burst. HEIGHTENED INTEREST: A gauge of traffic by prospective buyers rose 5 points to 35, the highest level since April 2006.
Benchmark U.S. crude fell 13 cents to $91.72 in New York. Brent crude, used to price many foreign varieties of oil, was down 68 cents at $113.72 in London. The Labor Department said the consumer price index rose 0.6 percent last month, the same as in August, with inflation still in check.
CAMBRIDGE, Mass.-- Ironwood Pharmaceuticals Inc. said Tuesday it turned a profit in the third quarter after the Food and Drug Administration approved its irritable bowel syndrome treatment Linzess.
CONCORD, N.H.-- New Hampshire's unemployment rate is 5.1 percent for September, slightly less than it was a year ago. The rate was down from the August figure of 5.7 percent. The unemployment rate in New Hampshire in September 2011 stood at 5.2 percent.
Mattel said Tuesday that its net income rose 22 percent in the third quarter on cost cuts and higher sales of toys such as Monster High dolls and Fisher Price. Here CEO Bryan Stockton discusses global toy industry sales. As you look at Europe, frankly, we are quite pleased with the toy business in Europe.
Japan's Nikkei 225 index rose 0.9 percent to 8,658.82 and South Korea's Kospi climbed 0.4 percent to 1,932.78. Electronics company Toshiba Corp. rose 1.9 percent in Tokyo while Samsung Electronics Co. rose 1.7 percent in Seoul.
NEW YORK-- Leslie Moonves has a new five-year contract with broadcaster CBS that extends his term as chief executive through June 2017. CBS said 63- year-old Moonves' salary will remain the same and he will still be eligible for an annual bonus and stock grants.
SAN FRANCISCO-- A former U.S. senator who helped negotiate a peace treaty in Northern Ireland has been appointed to help California energy regulators and Pacific Gas& Electric reach a settlement over a pipeline explosion that killed eight people, the two sides announced Monday.
SANTA FE SPRINGS, Calif.-- Workplace safety investigators and a grieving family on Monday searched for an explanation of how a worker was cooked to death at a Bumble Bee tuna processing plant.
NEW YORK-- How cool is this: Johnny Depp is going to help run a publishing imprint. Already on the list of books is one by Bob Dylan, "The Unraveled Tales of Bob Dylan," which aims to set the record straight on the songwriter's enigmatic life and career and will be based in part on interviews with Dylan by best-selling historian Douglas Brinkley.
SAN DIEGO-- California home prices rose in September to a four-year high as the supply of properties for sale remained tight, according to surveys released Monday. The median price for new and existing houses and condominiums in California reached $287,000, up 15.3 percent from $249,000 in September 2011, DataQuick said.
NEW YORK-- Shares of Bankrate Inc. tumbled in after-hours trading Monday after the company said it expects third-quarter net income declined as it continued to absorb charges related to its initial public offering and other costs.
JACKSON CENTER, Ohio-- Thor Industries Inc. said Monday that a search is under way for a new chief financial officer to replace Christian G. Farman, who has resigned to pursue other interests. Shares of Thor rose 84 cents, or 2.3 percent, to end at $36.88. Since trading at a low of $22.25 last December the stock has steadily risen to recently peak at $37.85.
NEW YORK-- Alterra Capital Holdings Ltd. said Monday that it expects to book third-quarter underwriting losses of $22.5 million related to U.S. crop failures this summer, and $10 million to $15 million from events such as Hurricane Isaac. Alterra provides insurance and reinsurance to companies, governmental groups and other insurers.
WASHINGTON-- Interest rates on short-term Treasury bills rose in Monday's auction with rates on six-month bills rising to the highest level since March 2011. The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.105 percent, up from 0.100 percent last week.
GLENVIEW, Ill.-- Illinois Tool Works Inc. said on Monday that CEO David Speer is taking a leave of absence because of health concerns, and it named Vice Chairman E. Scott Santi as acting CEO. Spokeswoman Alison Donnelly declined to provide any details about Speers' condition.