Latest Business News Wires - Business Headlines


  • The study comes fast on the heels of news that U.S. health regulators are investigating reports of five deaths that may be associated with Monster Beverage Corp's Monster Energy drink.

  • *Outlook for 2012 now $5.10 per share. Oct 25- Aetna Inc reported a higher-than-expected quarterly profit on Thursday, saying it had reached its 2012 membership goal ahead of schedule, held down costs with doctors and benefited from higher medical insurance premiums.

  • *Lifts full-year profit view by 15 cents to $1.85- $1.95. But Royal Caribbean said on Thursday that the effect of that accident ``has continued to wane'' and that bookings in the third quarter were stronger than it had expected, even in Europe, where the Costa Concordia accident made headlines for months.

  • Citrix falls as 3Q revenue misses Street's view Thursday, 25 Oct 2012 | 1:24 PM ET

    NEW YORK-- Shares of Citrix Systems Inc. dropped more than 5 percent on Thursday as the business software maker's fiscal third-quarter revenue came in below Wall Street's expectations. The company forecast fourth-quarter adjusted earnings of 83 to 85 cents per share on revenue of $700 million to $710 million.

  • Ex-financial adviser in Va. pleads guilty to fraud Thursday, 25 Oct 2012 | 1:23 PM ET

    LYNCHBURG, Va.-- A former independent financial adviser faces up to 40 years in prison for a fraud scheme that cost clients nearly $1 million. Michael D. Leamnson pleaded guilty Thursday in U.S. District Court in Lynchburg, Va. to one count each of wire fraud and mail fraud. The 56- year-old Roanoke resident faces up to 20 years in prison on each count.

  • Oct 25- Asset manager Franklin Resources Inc said on Thursday its quarterly profit rose and just beat Wall Street expectations, but revenue fell and expenses increased. For its fiscal fourth quarter ended Sept. 30, Franklin said net income rose to $492.1 million, or $2.31 per share, from $416 million, or $1.88 per share, in the same period a year earlier.

  • Business events scheduled for the coming week Thursday, 25 Oct 2012 | 1:18 PM ET

    WASHINGTON _ Commerce Department releases personal income and spending for September, 8:30 a.m..

  • WASHINGTON, Oct 25- A gauge of planned U.S. business spending was flat in September, a sign that heightened uncertainty is weighing on factories although new orders for long-lasting manufactured goods increased during the month.

  • Fifth & Pacific shrinks 3Q loss Thursday, 25 Oct 2012 | 1:16 PM ET

    NEW YORK-- Fifth& Pacific Companies Inc.' s shares jumped Thursday after the clothing company said its third-quarter loss narrowed on stronger sales of its Kate Spade and Lucky Brand lines. Fifth& Pacific posted a loss of $18.8 million, or 17 cents per share, for the quarter, compared with a loss of $214.6 million, or $2.27 per share, last year.

  • *McKesson to acquire PSS World Medical. *Procter& Gamble climbs after results. NEW YORK, Oct 25- U.S. stocks were poised for a higher open on Thursday, indicating the S&P 500 may rebound from its worst five-day slide in five months, on optimism the economies of both the U.S. and China may be recovering.

  • Biogen profit rises in 3Q on MS drug sales Thursday, 25 Oct 2012 | 1:14 PM ET

    WESTON, Mass.-- Biotech drugmaker Biogen Idec Inc. said Thursday its profit grew more than 13 percent in the third quarter, led by sales of the company's multiple sclerosis treatment Avonex. The Massachusetts- based company said revenue from Avonex grew 8 percent to $736.2 million in the period.

  • Top 20 Concert Tours from Pollstar Thursday, 25 Oct 2012 | 1:12 PM ET

    2. Bruce Springsteen& The E Street Band; $4,882,083; $93.76. 3. Cirque du Soleil _ " Michael Jackson: The Immortal"; $2,755,364; $91.94. 5. Enrique Iglesias/ Jennifer Lopez; $1,046,803; $78.91.

  • Oct 25- ConocoPhillips reported a lower third-quarter profit on Thursday that beat analysts' estimates, as it produced more crude than expected from high-margin fields such as the Eagle Ford and Bakken.

  • Graphic Packaging posts 3Q profit as items decline Thursday, 25 Oct 2012 | 1:04 PM ET

    MARIETTA, Ga.-- Graphic Packaging earned $40.1 million in the third quarter, reversing a year-ago loss when results were dampened by one-time charges. Net income was 10 cents per share, compared with a loss of $47.5 million, or 12 cents per share, a year earlier, when the company had $96 million in write-downs and restructuring costs.

  • UPDATE 1-Landstar Q3 profit rises, but outlook cautious Thursday, 25 Oct 2012 | 1:03 PM ET

    *Q3 EPS 71 cents vs 69 cents Wall Street view. *Landstar sees Q4 EPS 63- 68 cents vs 71 cents Wall St view. The company forecast fourth-quarter profit between 63 cents and 68 cents per share, below the average Wall Street target of 71 cents.

  • ND awards $2.5M more in Energy Impact Grants Thursday, 25 Oct 2012 | 1:01 PM ET

    BISMARCK, N.D.-- North Dakota's state land board has awarded $2.5 million in grants aimed at developing affordable housing for teachers in the western oil patch and also enhancing traffic safety in the region. They bring the total to $125 million in Energy Impact Gants approved during the current two-year budget cycle.

  • Comptroller: Texas schools racking up rising debt Thursday, 25 Oct 2012 | 1:00 PM ET

    AUSTIN, Texas-- Texas school districts are racking up escalating taxpayer debt to build new classrooms and buy equipment, the state's Republican comptroller said Thursday, as a trial gets under way on how the state funds public schools after slashing spending by $5.4 billion.

  • Oct 25- Mead Johnson Nutrition Co reported lower quarterly profit on Thursday and cut its full-year outlook, hurt by a slowdown in China. The maker of Enfamil baby formula said it now expected 2012 earnings of $2.91 to $2.96 per share, down from its prior forecast of $2.95 to $3.05.

  • Oct 25- Colgate-Palmolive Co unveiled a cost-cutting plan on Thursday that included cutting its workforce by the end of 2016 by about 6 percent. Third-quarter profit was $654 million, or $1.36 per share, compared with a profit of $643 million, or $1.31 per share, a year earlier.

  • *Dollar hits 4- mnth high v yen, euro claws back to $1.30. 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.