Oct 30- An early warning last week from LPL Financial Holdings Inc that unexpectedly high regulatory costs would hurt third-quarter earnings failed to placate investors on Thursday, as shares tumbled after the brokerage firm reported actual results. LPL Financial, the largest independent brokerage firm with almost 14,000 brokers that use its products and...» Read More
BALI, Indonesia-- A decade after bombs ripped through two Bali nightclubs, Friday was filled with reminders of what was lost in this tropical paradise, and what was not.
Weekly applications for unemployment aid fell to their lowest since February 2008, the U.S. government said Thursday. "I think you need to wait for a few months to see more figures to confirm the jobs recovery in the U.S.," said Francis Lun, managing director of Lyncean Holdings in Hong Kong. Britain's FTSE 10 dropped 0.2 percent to 5,815.68.
BERLIN-- Strong sales in Eastern Europe helped Volkswagen AG post a 6.5 percent increase in September sales over the same month last year, despite difficulties caused by the European financial crisis. Volkswagen said Friday it sold 801,000 vehicles in September, against 751,900 in September 2011.
MUMBAI, India-- India's Kingfisher Airlines has stopped selling tickets on its website through Oct. 20, casting doubt on its promise to end a two week shutdown Friday. Kingfisher, once one of India's best airlines, grounded flights on Oct. 1.
MUMBAI, India-- India's Kingfisher Airlines is unlikely to end its two week shutdown Friday, as planned. Kingfisher, once one of India's best airlines, grounded flights on October 1.
Just hours later, Defense Secretary Leon Panetta said the cyberthreat from Iran has grown, and he declared that the Pentagon is prepared to take action if American is threatened by a computer-based assault.
NICOSIA, Cyprus-- Cyprus' president appealed to trade unions on Friday to rally behind tough austerity measures that the government wants to negotiate with potential creditors in return for a multibillion euro bailout loan to prop up the country's ailing banks and economy.
MUMBAI, India-- Industrial production in India rose 2.7 percent in August, more than expected on a rebound in mining activity, though investment still appears weak. Madhavi Arora, an economist at Kotak Mahindra Bank, said there is still little growth momentum in India's economy.
By early afternoon in Europe, benchmark oil for November delivery was up 21 cents to $92.28 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 82 cents to close at $92.07 per barrel in New York on Thursday.
Weekly applications for unemployment aid fell to their lowest since February 2008, the U.S. government said Thursday. "I think you need to wait for a few months to see more figures to confirm the jobs recovery in the U.S.," said Francis Lun, managing director of Lyncean Holdings in Hong Kong.
FREMONT, Calif.-- IGate beat third-quarter profit beat market expectations on better margins, but the information technology company said Friday that delays in contract renewals has slowed revenue growth. Shares of IGate Corp. fell 17 cents to $17.65 by midday, in line with broader market trends.
Bank and energy stocks led the way lower after investors had a mixed reaction to earnings reports from JPMorgan Chase and Wells Fargo. Investors haven't had much to get excited about, with mixed results this week from U.S. companies including Alcoa, Safeway and Yum Brands. The S&P 500 is up more than 11 percent since June 1.
Eli Lilly and Co. shares now trade at a premium compared to other pharmaceutical stocks despite modest growth prospects, according to a Cowen and Co. analyst who lowered his rating on the drug developer.
LONDON-- Financial markets slipped on Friday, as disappointing earnings from Wells Fargo bank offset brighter figures from JP Morgan Chase& Co. and a strong U.S. consumer confidence survey. But revenue gains reported by Wells Fargo were below investors' expectations, pushing stock markets back down by the time European exchanges closed.
SUNNYVALE, Calif.-- Radiation therapy system maker Accuray said Friday that healthcare executive Joshua Levine will be its new CEO, replacing Euan Thomson, its head for the past decade. Thomson had been Accuray's president and CEO since 2002. He also resigned from its board of directors. Accuray said that Thomson will likely consult for the company.
NEW YORK-- Shares of Sears Holdings Corp.' s spinoff of its Hometown and Outlet Stores are declining on its debut trading day. The Hoffman Estates, Ill., company, which runs Kmart and Sears stores, had signaled in February that it would split off Sears Hometown and Outlet Stores Inc. as a separate publicly traded entity.
NEW YORK-- Canadian drugmaker Aeterna Zentaris Inc. said Friday it is selling 6.6 million units of stock and warrants to raise money for product development. Shares of Aeterna Zentaris lost 73 cents, or 23.4 percent, to $2.39 in midday trading.
LONDON-- A British court has ordered self-exiled Russian tycoon Boris Berezovsky to pay 35 million pounds in legal costs to fellow Russian Roman Abramovich after losing a lawsuit against him.
Christakis Ioannou set up websites designed to look like the official portals and received more than $646,500 for non-existent tickets from people in 35 countries. Olympians from France and Greece were among his victims.
WATERBURY, Conn.-- Webster Financial's third-quarter net income climbed 7 percent as the company gave out more loans and deposits grew. The parent company for Webster Bank earned $44.4 million, or 48 cents per share, for the three months ended Sept. 30.