HARTFORD, Conn. _ Virtus Investment Partners Inc. on Friday reported second-quarter profit of $9.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share. This story was generated by Automated Insights using data from Zacks Investment Research.» Read More
DETROIT, Oct 25- J.D. Power and Associates and LMC Automotive on Thursday raised the 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.
*Expects $1.82 per-share charge in Q3. Oct 25- Spirit AeroSystems Holdings Inc sounded an alarm Thursday about sizable cost overruns on parts it supplies to major aircraft makers, news that sent its stock tumbling more than 30 percent in active trading.
FALLING SHORT: Amazon reported third-quarter results below Wall Street's expectations on Thursday _ including a large loss from its stake in online deals service LivingSocial. NUMBERS STORY: The world's largest online retailer posted a loss of $274 million, or 60 cents per share.
Oct 25- Potash Corp of Saskatchewan's third-quarter earnings fell 22 percent as a standoff over new contracts led to a sharp drop in shipments to China and India, the world's two biggest consumers of the company's namesake crop nutrient. China accounted for just 12 percent of sales and India 5 percent.
That's the best proof, Toyota officials say, that they're achieving their goals at the north Mississippi plant, which marks its first anniversary this week. It could grow to make 200,000 vehicles a year, though Toyota says there are no expansion plans now.
Personal computer makers Hewlett-Packard and Dell are having a tough year. President and CEO: Meg Whitman. Source: Google Finance, Morningstar, company websites.
LONDON-- The scale of the child sex abuse scandal engulfing the BBC expanded on Thursday as authorities announced that 300 potential victims had come forward with accusations against one of the broadcaster's most popular children's entertainers and that others might have acted with him.
Shares of Hewlett-Packard Co. are down 45 percent this year, and Dell Inc. has fallen 37 percent. Dell hasn't been this low since early 2009, when the market bottomed out following the financial crisis. It's bad news for investors in mutual funds that count HP or Dell among their biggest stock holdings.
*Euro falls as Spain bailout uncertainty continues to weigh. NEW YORK, Oct 25- The dollar rallied to a four-month high against the yen on Thursday as a rise in Treasury yields and expectations the Bank of Japan will ease monetary policy next week had investors broadly selling the Japanese currency.
NEW YORK-- Boeing said Thursday that it has acquired Miro Technologies, a privately held company that specializes in software to help manage logistical services. Miro will become part of the Global Services& Support business that falls under Boeing Defense, Space& Security, which is a unit of The Boeing Co. Financial terms of the acquisition were not disclosed.
*U.S. drought alters typical grain trading patterns- Bunge. CHICAGO, Oct 25- Bunge Ltd shares jumped on Thursday as the agribusiness giant doubled quarterly profits by mobilizing its global grain network to supply customers hit by the worst U.S. drought in more than 50 years.
*P&G profit of $1.06/ share tops expectations of 96 cents. Oct 25- Procter& Gamble Co's profit rose more than expected, indicating that the world's largest household products company is making progress in cutting costs and giving Chief Executive Bob McDonald a little relief after months of pressure.
PALO ALTO, Calif.-- Shares of Varian Medical Systems Inc. jumped 13 percent in afterhours trading Thursday after the company reported a 20 percent rise in its fourth-quarter profit fueled by higher device sales. Varian reported net income of $120.2 million, or $1.08 per share, up from $101 million, or 87 cents per share, in the prior year period.
SAO PAULO, Oct 25- Brazil's banking sector will undergo profound changes over the next two years as government efforts to keep interest rates at record lows translate into lower credit costs and more competition, the head of the nation's largest foreign lender said on Thursday.
RESTON, Va.-- VeriSign Inc., which registers domain names on the Internet, said Thursday that third-quarter profit rose 32 percent, topping expectations. VeriSign's shares lost 9 cents to $46.60 in regular trading, then dropped $7.10, or 15.2 percent, to $39.50 in after-hours trading after the earnings report and update on the registry agreement.
*Eyes on next week's Bank of Japan policy meeting. NEW YORK, Oct 25- Gold rose above $1,700 an ounce on Thursday, a day after it fell under that, in reaction to encouraging United Kingdom GDP growth data and expectations the Bank of Japan will further loosen its monetary policy.
PORTLAND, Ore.-- Outdoor clothing maker Columbia Sportswear Co. said Thursday its third-quarter net income fell 5 percent, hurt by weakness in Europe, the Middle East and Africa.
BEIRUT/ GENEVA- Syria's army command announced a ceasefire on Thursday to mark the Muslim holiday of Eid al Adha but said it reserved the right to respond to any rebel attack or moves to reinforce President Bashar al-Assad's armed foes.
Chief Executive Officer Stephen Chazen set a target of lowering costs to 2011 levels by the end of next year, zeroing in on those in the company's home state of California. The stock is down 13 percent so far in 2012, while Exxon Mobil Corp and Chevron Corp are up for that period.
Wall St view EPS 8 cents. Oct 25- The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 16 percent.