Latest Business News Wires - Business Headlines


  • HONG KONG, Oct 25- China shares slipped on Thursday, dragged lower by the growth-sensitive banking and energy sectors as investors took profits on recent outperformers. The CSI300 Index of the top Shanghai and Shenzhen listings ended down 0.7 percent at 2,291.2, its lowest close since Oct. 8.

  • PARIS, Oct 25- France Telecom has slashed its dividend for this year and next, it said on Thursday, as it tackles tougher than expected competition in its key home market from a new low-cost mobile rival and a weaker economic outlook.

  • Ahead of the Bell: Natural gas supplies Thursday, 25 Oct 2012 | 7:01 AM ET

    NEW YORK-- The Energy Department is expected to report on Thursday that the nation's natural gas supplies grew by 63 billion to 67 billion cubic feet in the week ended Oct. 19, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

  • *Q3 sales fall 19 pct to $6.68 bln vs consensus $6.75 bln. Core EPS $1.51 vs consensus $1.44; full-year outlook held. LONDON, Oct 25- AstraZeneca's sales slumped by a bigger-than-expected 19 percent in the third quarter, underscoring the challenges confronting the drugmaker's new chief executive, Pascal Soriot.

  • NY estate where Mary Kennedy killed self has sold Thursday, 25 Oct 2012 | 6:54 AM ET

    BEDFORD, N.Y.-- The New York estate where Robert F. Kennedy Jr.' s estranged wife, Mary Richardson Kennedy, hanged herself has sold. Kennedy tells the Daily News he had no trouble finding a buyer. Robert F. Kennedy Jr. says he has been living in a different house in New York for many years.

  • SINGAPORE, Oct 25- Brent futures rose above $108 on Thursday as positive economic data out of the world's top oil consumer, the United States, revived hopes of a recovery in demand growth, although a worsening outlook for Europe capped gains.

  • EU Parliament rejects candidate for ECB top post Thursday, 25 Oct 2012 | 6:49 AM ET

    BRUSSELS-- The European Parliament has rejected Luxembourg's top central banker to a post at the European Central Bank in protest at the lack of women among the top leadership of the bank.

  • 9 hurt in overnight Texas City chemical leak Thursday, 25 Oct 2012 | 6:43 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. Homeland Security coordinator Bruce Clawson says four firefighters and five workers at the Dallas Group of America Inc. unit were transported to a hospital.

  • TOKYO, Oct 25- Japan's Canon Inc cut its full-year earnings outlook and posted a weaker-than-expected quarterly operating profit, hit by a weak global economy as the euro zone crisis drags on and a drop in Chinese sales as consumers boycott Japanese products.

  • Nikkei hits 4-wk closing high on hopes of BOJ easing Thursday, 25 Oct 2012 | 6:36 AM ET

    *KDDI gains in heavy trade in spite of weak earnings. TOKYO, Oct 25- Japan's Nikkei average rose to a four-week closing high on Thursday, lifted by exporters as the yen weakened on growing expectations that the Bank of Japan would further ease monetary policy next week.

  • Aetna's 3Q profit climbs 2 pct, tops forecasts Thursday, 25 Oct 2012 | 6:27 AM ET

    Aetna Inc.' s third-quarter earnings rose 2 percent as lower-than-expected health care use and revenue gains helped the insurer trump Wall Street expectations.

  • *Hyundai shares up 3.9 pct after recent battering. Hyundai, which with affiliate Kia Motors is the world's fifth-biggest car maker, said its total shipments rose less than 1 percent in July-September- hit by the industrial action that cost the company lost production of more than 82,000 cars worth $1.5 billion.

  • Ahead of the Bell: US durable goods Thursday, 25 Oct 2012 | 6:20 AM ET

    WASHINGTON-- Orders for long-lasting U.S. manufactured goods likely increased in September, reflecting a rebound in volatile commercial aircraft demand and a jump in retail spending. Economists expect orders for durable goods rose 7 percent in September, according to a survey by FactSet.

  • Gold had risen $8.27 to $1,710.20 an ounce by 0556 GMT. It fell to a 7- week low of around $1,698 on Wednesday soon after the Fed said it was sticking to its plan to keep stimulating growth until the job market improves. ``I think $1,700 is still quite a key support level.

  • Peugeot Citroen workers protest ahead of talks Thursday, 25 Oct 2012 | 6:13 AM ET

    PARIS-- Autoworkers from a Peugeot plant slated to close demonstrated Thursday in front of the PSA Peugeot Citroen headquarters, hours ahead of a meeting planned among company executives, unions and the French government. Varin insisted the government would not make decisions for Peugeot.

  • Ahead of the Bell: US Unemployment Benefits Thursday, 25 Oct 2012 | 6:12 AM ET

    WASHINGTON-- The number of Americans seeking unemployment benefits likely stabilized last week after seasonal factors distorted the previous two weeks. The Labor Department will release the report at 8:30 a.m. EDT Thursday. The Labor Department cautioned that the two weeks were affected by technical factors.

  • TOKYO, Oct 25- Japan's Canon Inc cut its full-year operating profit outlook nearly 10 percent to 356 billion yen on Thursday, hit by slow European demand and a suspension of production in China in September amid anti- Japan protests.

  • TOKYO, Oct 25- Japan's Nikkei share average rose to a four-week closing high on Thursday, lifted by exporters as the yen fell on growing expectations that the Bank of Japan would further ease monetary policy next week. The Nikkei climbed 1.1 percent to 9,055.20, breaking above its 5- day moving average at 9,007.43.

  • Europe stock index futures signal slight gains Thursday, 25 Oct 2012 | 6:05 AM ET

    At 0604 GMT, futures for Euro STOXX 50, for Germany's DAX and for France's CAC were up 0.1-0.3 percent.

  • IMF: Bailed-out Portugal needs extra debt effort Thursday, 25 Oct 2012 | 6:00 AM ET

    LISBON, Portugal-- Portugal's financial recovery program is entering a risky phase as it struggles to cut its heavy debt load amid a continuing recession, growing unemployment and mounting opposition to austerity measures, the International Monetary Fund said Thursday.