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Latest Business News Wires - Business Headlines

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  • *DuPont, 3 M, United Tech, UPS miss revenue forecasts. *DuPont, 3 M Co cut profit forecasts. DuPont and United Tech are by no means the only big U.S. companies to begin cutting jobs.

  • FACTBOX-Windows 8 and why it matters Tuesday, 23 Oct 2012 | 5:38 PM ET

    Oct 23- Windows 8 is the latest version of Microsoft Corp's 30- year old flagship product, and is due to be released to the public on Oct. 26. Here are its main features and implications for users and Microsoft's business partners:. The move risks alienating Microsoft's long-time hardware partners such as Dell Inc, Toshiba Corp and Hewlett-Packard Co.

  • NEW YORK, Oct 23- AK Steel Holding Corp might be interested in the two steel mills in Brazil and the United States that Germany's ThyssenKrupp has put up for sale, the U.S. company's chief executive said on Tuesday.

  • WASHINGTON, Oct 23- President Barack Obama caught Capitol Hill by surprise with his comment that automatic spending cuts looming in January ``will not happen,'' kindling hope among Democrats but doubt among Republicans that he has a viable plan to replace them.

  • Better now than 2008? Report checks Utah housing Tuesday, 23 Oct 2012 | 5:36 PM ET

    SALT LAKE CITY-- A report comparing the current housing market to the situation four years ago says the picture is noticeably bleaker in Utah's largest counties. "We are certainly not trying to indict anybody in elected office for causing this," Daren Blomquist, vice president of marketing for RealtyTrac, told the Deseret News. "

  • LONDON, Oct 23- BAE Systems' biggest shareholder Invesco will need to drum up more support from other investors to force out senior board members at the UK defence firm after its failed $45 billion merger with aeroplane maker EADS.

  • OTTAWA, Oct 23- The Bank of Canada surprised markets on Tuesday by leaning towards higher interest rates and issuing a fairly upbeat outlook on growth, adding for the first time that soaring household debt could justify eventual rate increases.

  • XL Foods' Brooks, Alberta, plant has been closed since Sept. 27 after producing beef contaminated with E. coli bacteria that sickened at least 16 people in Canada. Products including ground beef and steaks were pulled off store shelves across Canada and in most U.S. states. The U.S. Department of Agriculture halted imports last month of products traced to the plant.

  • *DuPont's earnings forecast, job cuts weigh on oil. Chemical company DuPont cuts its earnings forecast and announced 1,500 job cuts in its third-quarter earnings report that missed Wall Street expectations, helping push equities, oil and other commodities lower.

  • STRASBOURG, France, Oct 23- The European Commission on Tuesday postponed a vote on a plan to force companies to allot 40 percent of their board seats to women by 2020 as lawyers questioned its legality under EU rules.

  • HELSINKI, Oct 23- Mobile phone maker Nokia plans to raise 750 million euros from bonds convertible into shares, seeking a cheap way to help finance its fight to claw back market share lost to Apple and Samsung.

  • Samsung wins preliminary round over Apple patent Tuesday, 23 Oct 2012 | 5:22 PM ET

    WASHINGTON, Oct 23- Samsung Electronics Co Ltd, which is battling Apple Inc across the globe for dominance of the smartphone market, dealt the California company a setback by winning a preliminary invalidation of a key Apple patent, according to a court filing.

  • *Google, Amazon helped force its hand- analysts. SAN JOSE, Oct 23- Apple Inc is expected to make its biggest product move on Tuesday since debuting the iPad two years ago, launching a smaller, cheaper tablet into a market staked out by Amazon.com Inc and Google Inc.

  • *China sales growth to stay above 10 pct over mid-term. MUNICH, Oct 23- German carmaker BMW hopes to maintain double-digit sales growth in China, banking on new leadership there to inject fresh stimulus into the economy. China is preparing for a once-in-a-decade leadership change that will be finalised next month at the ruling Communist Party's 18th congress.

  • HCA offers cash dividend of $2.50 per share Tuesday, 23 Oct 2012 | 5:16 PM ET

    NASHVILLE, Tenn.-- Hospital operator HCA Holdings, Inc. said Tuesday that it would pay a special cash dividend of $2.50 per share next month. Shares of HCA rose 36 cents, or 1.2 percent, to $30 in after-hours trading. Shares ended down $1.11, or 3.6 percent, at $29.64 in regular trading.

  • Netflix slashes its forecast for subscriber gains Tuesday, 23 Oct 2012 | 5:16 PM ET

    LOS ANGELES-- Netflix slashed its prediction for how many U.S. video-streaming subscribers it would add this year after subpar third-quarter results, causing a sharp sell-off in its stock in after-hours trading.

  • Nielsen's top programs for Oct. 15-22 Tuesday, 23 Oct 2012 | 5:14 PM ET

    2. "60 Minutes," CBS, 15.86 million. 3. "The Big Bang Theory," CBS, 15.73 million. 4. "Person of Interest," CBS, 13.93 million.

  • Hanesbrands 3Q net rises on cost cuts, solid sales Tuesday, 23 Oct 2012 | 5:14 PM ET

    WINSTON-SALEM, N.C.-- Clothing maker Hanesbrands Inc. said Tuesday its third-quarter net income rose 21 percent as the company cut costs and sales of its Hanes and Champion underwear were strong. Hanesbrands and other clothing makers have been facing historically high cotton prices, but those pressures are receding.

  • UPDATE 3-BBC chief denies cover-up over sexual abuse Tuesday, 23 Oct 2012 | 5:06 PM ET

    *BBC under pressure over sex claims against dead presenter. *BBC boss admits trust damaged. George Entwistle, who was announced as the 90- year-old media organisation's new boss in August, told hostile lawmakers that failures at the BBC had allowed Jimmy Savile, once one of Britain's top TV presenters, to prey on young girls for years.

  • NEW YORK, Oct 23- Gold fell 1 percent on Tuesday, tumbling below technical support and hovering just above $1,700 an ounce, pressured by economic worries that slammed equities and commodities and lifted the dollar.