GO
Loading...

Latest Business News Wires - Business Headlines

More

  • WASHINGTON, Oct 22- AT&T Inc said on Wednesday its quarterly revenue rose but by less than Wall Street anticipated as a wave of subscribers plugged into the network using pre-purchased devices. AT&T shares fell 1.5 percent to $34 in extended trade after closing at $34.50 on the New York Stock Exchange. The No. 2 U.S. mobile provider said on Wednesday that excluding...

  • PANAMA CITY, Oct 22- Panama has banned entry of travelers from Liberia, Sierra Leone and Guinea, the three West African nations worst hit by the Ebola virus, the health ministry said on Wednesday. Panama is a major hub for travel and commerce in Latin America and has so far not registered any cases of Ebola. Liberia has been the country worst hit, with 4,665 recorded...

  • NEW YORK, Oct 22- U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp and Honda Motor Co Ltd, The Wall Street Journal reported on Wednesday. Word of the investigation follows a notice on Tuesday from the U.S....

  • LAGOS DE MORENO, Mexico, Oct 22- Nestle has no plans to close any of its eight factories or curb output in cocoa and coffee-rich West and Central Africa because of Ebola, but is ready to adapt if it spreads, the Chief Executive of the world's largest food company said on Wednesday. Nestle's factories in the region including both Ghana and Ivory Coast produce...

  • NEW YORK, Oct 22- Goldman Sachs Group on Wednesday attacked expert evidence offered by attorneys for former female employees in a U.S. federal sex discrimination lawsuit, arguing there was no pattern of gender-based pay and promotion disparities at the bank. "The pattern is consistent and clear," said plaintiffs' attorney Kelly Dermody at the court hearing in the...

  • SAFT ON WEALTH -Earnings day is a moveable feast Wednesday, 22 Oct 2014 | 5:13 PM ET

    Oct 22- If companies ran Christmas the way they run their earnings announcements, Santa Claus would usually come early, but when he is late, watch out! What's more, it looks like if you as an investor pay close attention to companies which bring forward or delay earnings releases, you might just be able to front run or fade Santa. "Calendar revisions should be treated as...

  • UPDATE 1-Lockheed Martin challenges contract to Raytheon Wednesday, 22 Oct 2014 | 5:09 PM ET

    Government Accountability Office challenging the Air Force's decision to pick Raytheon Co to develop a new long-range radar. Raytheon earlier this month beat out Northrop and Lockheed to develop a replacement for the Air Force's current TPS-75 radar, which has been in service since the late 1960 s. The Air Force issued a stop-work order to Raytheon on Tuesday...

  • NEW YORK, Oct 22- Oil prices fell sharply on Wednesday, with U.S. crude approaching $80 a barrel after data showed a second big jump in weekly U.S. crude stockpiles. Brent December crude fell $1.51 to settle at $84.71 a barrel. U.S. crude fell $1.97 or 2.5 percent to settle at $80.52 a barrel, just above the session low of $80.28.

  • Polycom reports profit on demand for personal devices Wednesday, 22 Oct 2014 | 4:51 PM ET

    Oct 22- Video-conferencing equipment maker Polycom Inc reported a quarterly profit, helped by a rise in demand for its personal devices. The company reported net income of $17 million, or 12 cents per share, in the third quarter ended Sept. 30 compared with a loss of $24 million, or 14 cents per share, a year earlier. Revenue fell to $335.7 million from $336.5 million.

  • Security software maker Fortinet's results beat estimates Wednesday, 22 Oct 2014 | 4:50 PM ET

    Oct 22- Security software maker Fortinet Inc reported better-than-expected quarterly profit and revenue as businesses spent more to protect their networks and data. Fortinet's net income fell to $41.1 million, or 2 cents per share, in the third quarter ended Sept. 30, from $11 million, or 7 cents per share, a year earlier as it spent more on marketing and research...

  • Oct 22- Yelp Inc, operator of consumer review website Yelp.com, forecast current-quarter revenue below analysts' average estimate, sending its shares down as much as 14 percent after the bell. However, Yelp reported a better-than-expected 67.5 percent rise in third-quarter revenue as its business customers spent more on advertising. Yelp reported net income...

  • Oct 22- Canadian business software maker Open Text Corp's quarterly profit more than doubled, driven by demand for its cloud computing services. Open Text, whose customers include Oracle Corp and Microsoft, has focused on cloud as businesses increasingly turn to cheaper services hosted online over proprietary software. Open Text, known to make frequent...

  • UPDATE 1-Select Comfort raises full-year profit forecast Wednesday, 22 Oct 2014 | 4:35 PM ET

    Oct 22- Select Comfort Corp raised its full-year profit forecast after reporting better-than-expected quarterly results, driven by demand for its Sleep Number adjustable mattresses. Select Comfort raised its full-year profit forecast to $1.12 per share from $1.07 per share. The bedding category remains the most robust area in the furnishing sector, which...

  • UPDATE 1-AT&T revenue rises less than expected Wednesday, 22 Oct 2014 | 4:32 PM ET

    WASHINGTON, Oct 22- AT&T Inc said on Wednesday its quarterly revenue rose but by less than wall street anticipated as a wave of subscribers signed up for equipment financing plans that charge lower service fees. AT&T shares fell 0.9 percent to $33.75 after closing at $34.50 on the New York Stock Exchange. The No. 2 U.S. mobile provider said on Wednesday that...

  • CORRECTED-AT&T revenue rises less than expected Wednesday, 22 Oct 2014 | 4:20 PM ET

    WASHINGTON, Oct 22- AT&T Inc said on Wednesday its quarterly revenue rose, but by less than Wall Street forecasts, despite the company reporting a record low number of customers leaving the carrier. The No. 2 U.S. mobile provider earned $3 billion, or 58 cents per share, in the third quarter, compared with $3.8 billion, or 72 cents per share, in the year-ago quarter.

  • Open Text profit boosted by cloud computing services Wednesday, 22 Oct 2014 | 4:17 PM ET

    Oct 22- Canadian business software maker Open Text Corp's quarterly profit more than doubled, driven by higher demand for its cloud computing services. Net income rose to $64.6 million, or 53 cents per share in the first quarter ended Sept. 30, from $30.6 million, or 26 cents per share, a year earlier. Revenue jumped 40 percent to $453.8 million.

  • Oct 22- Yelp Inc, operator of consumer review website Yelp.com, forecast current-quarter revenue below analysts' average estimate, sending its shares down 10 percent after the bell. The company forecast revenue of $107 million to $108 million for the fourth-quarter. Analysts on average were expecting $111.0 million, according to Thomson Reuters I/B/E/S.

  • US PROSECUTORS INVESTIGATING TAKATA CORP OVER MISSTATEMENTS TO REGULATORS ABOUT DEFECTIVE AIRBAGS-WSJ.

  • Mattress maker Select Comfort's profit rises 16.2 pct Wednesday, 22 Oct 2014 | 4:11 PM ET

    Oct 22- Specialty mattress maker Select Comfort Corp's quarterly profit rose 16 percent, driven by demand for its Sleep Number adjustable mattresses. Net income rose to $23.6 million, or 44 cents per share, in the third quarter ended Sept. 27, from $20.3 million, or 36 cents per share, a year earlier. Revenue increased 23 percent to $323.4 million.

  • T-Mobile revenue rises less than expected Wednesday, 22 Oct 2014 | 4:10 PM ET

    WASHINGTON, Oct 22- AT&T Inc said on Wednesday its quarterly revenue rose but by less than Wall Street forecasts despite the company reporting a record low number of customers leaving the carrier. The No. 2 U.S. mobile provider earned $3 billion, or 58 cents per share, in the third quarter, compared with $3.8 billion, or 72 cents per share, in the year-ago quarter.