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Latest Business News Wires - Business Headlines


  • US durable orders up but business investment weak Thursday, 25 Oct 2012 | 9:07 AM ET

    WASHINGTON-- U.S. orders for long-lasting U.S. manufactured goods surged in September, buoyed by a jump in volatile aircraft orders that offset another weak month of business investment. The Commerce Department said Thursday that orders for durable goods jumped 9.9 a percent last month.

  • *Yuan surges to new all time record high. *Closes at strong-side limit of daily trading band. SHANGHAI, Oct 25- China's yuan closed at a record high on Thursday after hitting the strong-side limit of the central bank's daily trading band as a result of heavy demand as firms unwound long dollar positions built up in the first half of the year.

  • Ahead of the Bell: Amazon.com to post 3Q results Thursday, 25 Oct 2012 | 9:04 AM ET

    NEW YORK-- Analysts expect Amazon.com Inc. to report another quarter of double-digit revenue growth Thursday after the market closes. Susquehanna analyst Herman Leung expects Amazon to meet Wall Street's expectations and give "conservative" guidance for the holiday shopping season. Amazon's stock rose $1.70 to $230.19 in premarket trading Thursday.

  • Zynga up in premarket trading after 3Q results Thursday, 25 Oct 2012 | 9:03 AM ET

    NEW YORK-- Zynga Inc.' s battered stock got a boost in premarket trading Thursday after the social gaming company's third-quarter results may have given some investors hope that it will be able to revive growth. Zynga's shares rose 31 cents, or 15 percent, to $2.44 before the stock market opened.

  • Ahead of the Bell: Crocs tumbles on weak outlook Thursday, 25 Oct 2012 | 9:03 AM ET

    NEW YORK-- Shares of Crocs Inc. slid in premarket trading Thursday, a day after the shoe company issued disappointing guidance for the fourth quarter. The Niwot, Colo., company said late Wednesday it earned 49 cents per share in the third quarter, beating the average analyst estimate by 6 cents.

  • At least 8 hurt in Texas City chemical leak Thursday, 25 Oct 2012 | 9:03 AM ET

    Emergency authorities in Texas City lifted the shelter-in-place order shortly after 5 a.m. Thursday in a storage tank spill involving hydrochloric acid. Diane Tracy with the Dallas Group of America Inc. says company officials are investigating Wednesday night's accident.

  • Energy company Dominion Resources' 3Q profit falls Thursday, 25 Oct 2012 | 8:59 AM ET

    RICHMOND, Va.-- Dominion Resources says its third-quarter net income tumbled nearly 47 percent because of costs related to the permanent shutdown of one of its nuclear power stations and plant outages.

  • Ford cutting 1,500 UK jobs as Europe losses grow Thursday, 25 Oct 2012 | 8:58 AM ET

    LONDON-- Carmaker Ford announced Thursday it will cut 1,500 jobs in Britain, closing a plant and eliminating a stamping and tooling facility, as it warned that losses in Europe will exceed $1.5 billion this year. Ford Motor Co., which on Wednesday announced the closure of another plant in Brussels, is struggling in Europe, as are many major carmakers.

  • BEIJING, Oct 25- Wal-Mart Stores Inc has given global suppliers five years to comply with its environmental rules or risk being pushed off U.S. shelves at the world's largest retailer, expanding a sustainability campaign launched in 2009..

  • Procter & Gamble fiscal 1Q earnings dips Thursday, 25 Oct 2012 | 8:52 AM ET

    CINCINNATI-- Procter& Gamble said Thursday that its fiscal first quarter net income fell 7 percent, as costs related to restructuring and the stronger dollar weighed on results. But the world's largest consumer products maker's adjusted results beat expectations on Wall Street, as it cut costs, made market share gains and commodity costs eased.

  • Zimmer 3Q income slips 7 percent on lower sales Thursday, 25 Oct 2012 | 8:48 AM ET

    WARSAW, Ind.-- Zimmer Holdings Inc. said Thursday its net income fell 7 percent in the third quarter on lower sales of hip and knee implants. The company lowered the top end of its annual net income guidance, saying it now expects to adjusted profit between $5.25 and $5.30 per share, rather than $5.25 to $5.35 per share.

  • Under Armour 3Q profit up 25 percent Thursday, 25 Oct 2012 | 8:48 AM ET

    BALTIMORE-- Under Armour said Thursday that its net income climbed 25 percent in the third quarter, with the athletic clothing maker saying that new products are helping fuel demand for its merchandise. Under Armour Inc. earned $57.3 million, or 54 cents per share, for the three months ended Sept. 30.

  • LONDON, Oct 25- Ford will announce on Thursday that it is closing its van factory at Southampton, ending more than a century of vehicle production by the company in Britain, trade unionists and a source close to the U.S. car maker said.

  • A look at earnings from the major airlines Thursday, 25 Oct 2012 | 8:44 AM ET

    Here is a summary of earnings reports from United Continental Holdings Corp., Delta Air Lines Inc., US Airways Group Inc., AMR Corp., parent of American Airlines, and Southwest Airlines Co.. United Continental's profit shrunk to $6 million from $653 million a year ago.

  • EURO GOVT-Bunds pulled lower by gilts, Treasuries Thursday, 25 Oct 2012 | 8:44 AM ET

    LONDON, Oct 25- German government bonds slipped on Thursday, pulled down by falls in UK gilts on signs of economic recovery and in U.S. Euro zone bond markets were still mostly at an impasse however, limiting moves, as they waited for a signal on when Spain may ask for financial aid-- a requirement if the European Central Bank is to buy its bonds.

  • Oil rises to near $87 after 7 percent weekly fall Thursday, 25 Oct 2012 | 8:40 AM ET

    By early afternoon in Europe, benchmark crude for December delivery was up 96 cents to $86.69 a barrel in electronic trading on the New York Mercantile Exchange. "The release of the weekly EIA oil inventories report surprised the markets, raising serious concerns about the levels of the oil demand," said a report from Sucden Financial Research in London.

  • FOREX-Yen weakens broadly on easing bets; euro recovers Thursday, 25 Oct 2012 | 8:40 AM ET

    LONDON, Oct 25- The dollar hit a four-month high against the yen on Thursday as expectations of more monetary easing from the Bank of Japan kept the Japanese currency under broad pressure. The euro also rose against the yen, helped by European Central Bank President Mario Draghi's robust defence of his bond-buying plan before German lawmakers.

  • Weekly US jobless aid applications fall to 369K Thursday, 25 Oct 2012 | 8:36 AM ET

    WASHINGTON-- Weekly applications for U.S. unemployment aid fell last week to a seasonally adjusted 369,000, a level consistent with modest hiring. The Labor Department said Thursday that unemployment benefit applications dropped by 23,000, from a revised 392,000 the previous week.

  • US durable goods orders up 9.9 percent Thursday, 25 Oct 2012 | 8:35 AM ET

    WASHINGTON-- Orders for long-lasting U.S. manufactured goods surged in September by the largest amount in nearly three years, reflecting a rebound in aircraft orders. But a key category that tracks business investment showed weakness for a fourth straight month, indicating companies remain uncertain about the future.

  • Alaska Air's 3Q profit more than doubles Thursday, 25 Oct 2012 | 8:34 AM ET

    SEATTLE-- Alaska Airlines' parent company more than doubled third-quarter profit as traffic grew and its planes were fuller. Alaska Air Group Inc. said Thursday that net income rose to $163.4 million, or $2.27 per share, compared with $77.5 million, or $1.06 per share, a year ago. The figures include Alaska Airlines and Horizon Air.