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  • 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.

  • News Summary: Colgate to cut 6 pct. of workforce Thursday, 25 Oct 2012 | 11:56 AM ET

    NEW YORK-- GETTING THE GATE AT COLGATE: Colgate-Palmolive will cut more than 2,310 workers, or 6 percent of its workforce, by the end of 2016. Colgate, which is based in New York and has 38,600 employees, wants to streamline global functions.

  • *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.

  • Mont. oil lease sale could mark Bakken expansion Thursday, 25 Oct 2012 | 11:55 AM ET

    BILLINGS, Mont.-- A Texas company has bought oil and gas leases on almost 75,000 acres in northeast Montana's McCone County in a move that could portend a significant westward expansion of the Bakken oil patch, government officials and a company representative said Wednesday.

  • *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.

  • Reliance Steel & Aluminum 3Q net income climbs Thursday, 25 Oct 2012 | 11:55 AM ET

    LOS ANGELES-- Reliance Steel& Aluminum Co.' s third-quarter net income climbed 16 percent, helped by an inventory credit. The metals service-center company reported Thursday that it earned $98.1 million, or $1.30 per share, for the three months ended Sept. 30. For the fourth quarter, Reliance Steel& Aluminum anticipates earnings of 90 cents to $1 per share.

  • Sovereign wealth funds, pension funds turn bankers Thursday, 25 Oct 2012 | 11:54 AM ET

    LONDON, Oct 25- Yield-hungry pension funds and sovereign wealth funds are stepping in where crisis-hit, regulation-laden banks are pulling back: lending to cash-starved businesses.

  • Oct 25- Fashion company Fifth& Pacific Cos Inc reported a loss from its continuing operations, hurt by the ongoing struggles of its Juicy Couture brand. Fifth& Pacific, known as Liz Claiborne Inc until May, reported a third-quarter net loss of $18.8 million, or 17 cents a share, compared with a year-earlier loss of $214.6 million, or $2.27 a share.

  • *Ford to close Southampton plant, Dagenham stamping plant. LONDON/ BASILDON, England, Oct 25- Ford will stop making vans in Britain next year, with the potential loss of 2,000 jobs, a union leader said, as part of a plan by the U.S. car maker to drag its European operations back into profit.

  • MADRID, Oct 25- Spain will tap 60 billion euros from a European credit line agreed in June to recapitalise its troubled lenders, a draft amendment before Parliament showed, but the government still plans to use only 40 billion of that. The financial sector reform must be enacted before the end of November as part of the conditions for Spain to get aid for the banks.

  • Potash Corp. 3rd-quarter net income falls 22 pct Thursday, 25 Oct 2012 | 11:52 AM ET

    Potash Corp. of Saskatchewan Inc. said Thursday that its net income fell 22 percent on a drop in overseas sales. The Canadian fertilizer maker earned $645 million, or 74 cents per share, down from $826 million, or 94 cents per share, in the same quarter last year.

  • SAO PAULO, Oct 25- Banco Santander Brasil SA posted an 8.5 percent decline in third-quarter profit on Thursday, as rising delinquencies forced the nation's largest lender to boost bad loan provisions.