Latest Business News Wires - Business Headlines


  • Aeon to buy Carrefour's Malaysian business - Nikkei Thursday, 25 Oct 2012 | 5:57 PM ET

    Oct 26- Japanese retailer Aeon Co is set to acquire France- based Carrefour SA's Malaysian business for slightly more than 20 billion yen as part of its push into Southeast Asia, the Nikkei said. Carrefour made the announcement two years after it unsuccessfully tried to sell its operations in Singapore and Malaysia.

  • GM plans to bring Trax small SUV to Brazil Thursday, 25 Oct 2012 | 5:55 PM ET

    *Chevy Trax will enter Brazil next year as import-source. SAO PAULO, Oct 25- General Motors Co plans to bring its new Chevrolet Trax to Brazil in an effort to end the dominance its smaller U.S. rival Ford Motor Co has enjoyed in the small sport utility vehicle segment.

  • DeVry 1Q profit falls 44 percent Thursday, 25 Oct 2012 | 5:54 PM ET

    DOWNERS GROVE, Ill.-- DeVry Inc.' s fiscal first-quarter profit fell 44 percent on declining enrollment, but the for-profit education company beat market expectations. DeVry and other for-profit education companies have struggled for more than a year with the impact of new government regulations and increased scrutiny.

  • International Paper Q3 profit down by nearly half Thursday, 25 Oct 2012 | 5:52 PM ET

    MEMPHIS, Tenn.-- International Paper Co. said Thursday its third-quarter net income dropped by nearly half as it rang up charges for restructuring and for absorbing smaller rival Temple-Inland. Excluding special items and charges, International Paper said it earned $330 million, or 75 cents per share, in the latest quarter.

  • NEW YORK, Oct 25- The monetary and fiscal policies in the United States are creating enormous risks and the Federal Reserve's actions in particular are now harming the economy, influential hedge fund manager David Einhorn said on Thursday.

  • Insurance co. apologizes for rift with Neb. deputy Thursday, 25 Oct 2012 | 5:51 PM ET

    OMAHA, Neb.-- An insurance company that canceled the homeowner's policy of a Nebraska sheriff's deputy because of his K-9 unit dog said Thursday it's looking to change its practices regarding police dogs.

  • IPC The Hospitalist 3Q earns up, but guides lower Thursday, 25 Oct 2012 | 5:50 PM ET

    NORTH HOLLYWOOD, Calif.-- IPC The Hospitalist Company Inc. said Thursday that its net income rose 21 percent in the third quarter as it added more providers. Earnings in the July-September quarter came to $7.8 million, or 46 cents per share, from $6.5 million, or 38 cents per share, in the same quarter a year ago.

  • Oct 25- International Business Machines Corp disclosed in a filing with the U.S. Securities and Exchange Commission on Thursday that it has received communications from the U.S. Commerce Department about a probe into ZTE Corp..

  • Meredith posts higher 1Q earnings, revenue Thursday, 25 Oct 2012 | 5:48 PM ET

    DES MOINES, Iowa-- Women's magazine publisher Meredith Corp. said Thursday that its fiscal first-quarter net income rose 15 percent as both circulation and ad revenue increased, thanks largely to recent acquisitions.

  • Synaptics 1Q net plunges Thursday, 25 Oct 2012 | 5:46 PM ET

    SANTA CLARA, Calif.-- Touch-screen maker Synaptics Inc. said Thursday that its fiscal first-quarter net income fell by more than half on weak sales of screens for desktop computers.

  • U.S. education endowments post losses in fiscal 2012 Thursday, 25 Oct 2012 | 5:43 PM ET

    Among the institutions that have reported thus far, the highest return earned for the fiscal year ended June 30, was 15.8 percent and the lowest was a loss of 9.5 percent, according to data gathered from 463 institutions sponsored by Commonfund Institute and the National Association of College and University Business Officers.

  • Any setback for degludec- which Novo plans to market under the brand name Tresiba- would be good news for rivals Sanofi and Eli Lilly. ``Given the known concerns of the FDA towards cardiovascular risk from new diabetes drugs, today's statement is likely to create volatility in the Novo Nordisk share price,'' Deutsche Bank analyst Tim Race said in a research note.

  • UPDATE 2-Microsoft unveils Windows 8, Surface tablet Thursday, 25 Oct 2012 | 5:39 PM ET

    NEW YORK, Oct 25- Microsoft Corp launched its new Windows 8 operating system and Surface tablet on Thursday in a bid to revive interest in its flagship product and regain ground lost to Apple Inc and Google Inc in mobile computing.

  • *McKesson reports Q2 adj EPS $1.92 vs est $1.78. Oct 25- U.S. drug wholesaler McKesson Corp struck a deal to buy medical products distributor PSS World Medical for $1.46 billion to boost scale and margins in its surgical devices supply business as medical procedure volumes fall.

  • 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.

  • 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.