GO
Loading...

Latest Business News Wires - Business Headlines

More

  • J&J Q3 net income drops 7 percent on higher costs Tuesday, 16 Oct 2012 | 8:09 AM ET

    Johnson& Johnson's third-quarter profit fell 7 percent as litigation and acquisition costs and factory upgrade expenses related to its consumer product recalls offset higher medicine and medical device sales.

  • Goldman Sachs' earnings soar, but stock slips Tuesday, 16 Oct 2012 | 7:57 AM ET

    NEW YORK-- Goldman Sachs easily beat analysts' estimates for earnings and revenue in the third quarter. On a per-share basis Goldman earned $2.85, blowing away Wall Street's expectations. Revenue more than doubled, to $8.4 billion from $3.6 billion, and also beat estimates of $7.2 billion.

  • Coca-Cola's profit up 3 percent on stronger sales Tuesday, 16 Oct 2012 | 7:57 AM ET

    NEW YORK-- The Coca-Cola Co. says its net income rose 3 percent in the third quarter, as the world's biggest beverage maker sold more of it drinks around the globe and raised prices. The company says it earned $2.31 billion, or 50 cents per share, for the period ended Sept. 28.

  • Coca-Cola's profit up 4 percent on stronger sales Tuesday, 16 Oct 2012 | 7:52 AM ET

    NEW YORK-- The Coca-Cola Co. says its net income rose 4 percent in the third quarter, as the world's biggest beverage maker sold more of it drinks around the globe and raised prices. The company says it earned $2.31 billion, or 50 cents per share, for the period ended Sept. 28.

  • Ford recalls Fiesta subcompact for air bag problem Tuesday, 16 Oct 2012 | 7:34 AM ET

    DETROIT-- Ford is recalling more than 154,000 Fiesta subcompacts to fix a problem with the side air bags. The company says that if the front passenger seat is empty, the side air bag won't inflate to protect rear-seat passengers in some crashes. They were built in Mexico from Nov. 3, 2009 to Sept. 21, 2012.

  • Domino's 3Q results beat Wall St. expectations Tuesday, 16 Oct 2012 | 7:33 AM ET

    ANN ARBOR, Mich.-- Domino's Pizza's fiscal third-quarter net income climbed 18 percent as sales improved in the U.S. and overseas. Domino's reported Tuesday that it earned $26 million, or 44 cents per share. For the period that ended Sept. 9, revenue increased 1 percent to $378.1 million from $376.3 million.

  • Iraq probes alleged corruption at central bank Tuesday, 16 Oct 2012 | 7:30 AM ET

    The governor, Sinan al-Shabibi, is seen as a politically independent economist who has led the bank since shortly after the U.S.-led invasion of Iraq in 2003.. Iraqi Integrity Commission spokesman Hassan Karim Aati said it has received documents from a parliamentary committee investigating the allegations and is looking into the matter.

  • Social Security set to announce benefit increase Tuesday, 16 Oct 2012 | 7:20 AM ET

    WASHINGTON-- More than 56 million Social Security recipients will soon find out how much their monthly payments will go up next year. The increase is tied to a government measure of inflation being released Tuesday morning. Social Security payments for retired workers average $1,237 a month, or about $14,800 a year.

  • US futures edge up on strong corporate earnings Tuesday, 16 Oct 2012 | 7:14 AM ET

    Mattel and UnitedHealth posted strong results for the third quarter. Goldman Sachs and Johnson& Johnson both beat Wall Street expectations. The Coca-Cola Co. says its net income rose 3 percent.

  • Airline executives urge airport security overhaul Tuesday, 16 Oct 2012 | 7:07 AM ET

    "We simply can't cope with the expected volume of passengers with the way things are today," said Tony Tyler, director general and CEO of the International Air Transport Association, the airlines' trade group. Tyler spoke at an airlines conference held in Abu Dhabi, the capital of the United Arab Emirates.

  • Earnings Preview: Southwest seen posting profit Tuesday, 16 Oct 2012 | 6:58 AM ET

    DALLAS-- Traffic and average prices both weakened in September, but analysts believe Southwest Airlines still made money in the third quarter. Southwest, which carries the most passengers within the U.S. of any airline, is scheduled to report financial results on Thursday.

  • Italy corruption probes claim Lombardy legislature Tuesday, 16 Oct 2012 | 6:47 AM ET

    ROME-- The embattled governor of Italy's powerful Lombardy region, which includes Milan, has announced the dissolution of the regional legislature as Italy's mounting political corruption scandal claims its biggest victim yet. He has said he would name a technical administration to run Lombardy until early elections.

  • US economy hopes buoy markets Tuesday, 16 Oct 2012 | 6:46 AM ET

    LONDON-- Mounting hopes over the U.S. economic recovery bolstered markets for a second day on Tuesday and helped push the euro back above $1.30. Strong earnings figures from the likes of toy maker Mattel, Johnson& Johnson and Goldman Sachs, further buoyed sentiment.

  • Rate eases in Greek T-Bill sale Tuesday, 16 Oct 2012 | 6:31 AM ET

    ATHENS, Greece-- Greece has raised 1.625 billion in an auction of 13- week treasury bills at a slightly lower rate of 4.24 percent. The Public Debt Management Agency on Tuesday said the rate had dropped from 4.31 percent at the previous such auction on Sept. 18.

  • Ahead of the Bell: US industrial production Tuesday, 16 Oct 2012 | 6:31 AM ET

    WASHINGTON-- Production at U.S. factories, mines and utilities likely showed a gain in September, rebounding after a big drop in August. Factories produced fewer cars and Hurricane Isaac triggered shutdowns along the Gulf Coast. The Institute for Supply Management said that its index of factory activity rose to 51.5.

  • Ahead of the Bell: IBM's 3Q peeks at tech services Tuesday, 16 Oct 2012 | 6:23 AM ET

    ARMONK, N.Y.-- IBM Corp.' s third-quarter earnings will provide a glimpse at how well the technology services and business software markets have been holding up amid uncertainty about the global economy and the U.S. presidential election.

  • Insurer UnitedHealth's 3Q profit jumps 23 percent Tuesday, 16 Oct 2012 | 6:22 AM ET

    UnitedHealth Group's third-quarter net income jumped 23 percent, and the nation's largest health insurer raised its 2012 earnings forecast for the third time this year.

  • American Girl helps Mattel 3Q results top view Tuesday, 16 Oct 2012 | 6:19 AM ET

    EL SEGUNDO, Calif.-- Strong sales of American Girl dolls and Fisher-Price toys helped boost Mattel's third-quarter results, setting the stage for the biggest U.S. toy maker ahead of the critical holiday season.

  • Portugal government faces backlash over austerity Tuesday, 16 Oct 2012 | 6:17 AM ET

    LISBON, Portugal-- Portugal's coalition government is facing a hail of criticism after announcing steep tax increases in its draft budget for next year. Finance Minister Vitor Gaspar met Tuesday with the governing parties' lawmakers, aiming to quell signs of revolt in their ranks ahead of Parliament's vote on the budget proposal later this month.

  • German employers slam cost of energy switchover Tuesday, 16 Oct 2012 | 6:13 AM ET

    BERLIN-- German Chancellor Angela Merkel on Tuesday defended her government's decision to phase out nuclear power and switch to renewable energies within a decade, but acknowledged the need to overhaul and speed up the transition plan.