HONG KONG, Aug 30- Ageas has agreed to sell its Hong Kong insurance unit to a China- based asset manager JD Capital for HK $10.7 billion, the Belgian insurer said in a statement on Sunday, exiting a business it acquired eight years ago. "The decision to sell our business in Hong Kong follows a strategic review of our Asian activities in which we concluded that it is in the...» Read More
Among the earnings stories for Thursday, Oct. 18, from AP Business News:. _ Life Time Fitness Inc. said that its third-quarter profit rose 19 percent as more people joined its gyms and spent more money at them.
Shares of Abbott Laboratories slid Thursday because the company's partner on a potential kidney disease drug is stopping a late-stage study due to safety concerns.
Among the earnings stories for Thursday, Oct. 18, from AP Business News:. _ Nucor Corp.' s third-quarter net income plunged 39 percent on lower sales and prices as demand for steel fell in the sluggish global economy.
SALT LAKE CITY-- Utah officials say the state's unemployment rate dropped to 5.4 percent for the month of September. The data released Thursday by the state Department of Workforce Services shows that 73,100 Utah residents were out of work in September. The data shows that Utah has added about 24,400 jobs over the past 12 months.
MONTGOMERY, Ala.-- Amendment 7 on Alabama's ballot looks like a simple measure to preserve the right to a secret ballot. Kurt Wallace of Maplesville, said he wants to stop union organizers from harassing employees who won't sign a card. Al Henley, president of the Alabama AFL-CIO, says there is harassment, but it's from the other side.
Among the earnings stories for Thursday, Oct. 18, from AP Business News:. _ Morgan Stanley reported higher revenue and net income for its third quarter thanks to gains in its bonds and asset management businesses.
NEW YORK-- Shares of Greenhill& Co. Inc. dropped 8 percent Thursday after the investment management company reported flat profit for the third quarter.
Among the earnings stories for Thursday, Oct. 18, from AP Business News:. _ Google Inc.' s stock plunged after a contractor released the search company's third-quarter earnings report early, by mistake.
Go Daddy on Thursday announced it had signed New York agency Deutsch Inc. to produce its two 30- second Super Bowl spots, the first time the website domain provider has gone outside for the ads it has done itself since 2005..
NEW YORK-- Growth in third-quarter profit and revenue drove up shares of eBay Inc. Thursday, although some analysts called the e-commerce company's outlook cautious. THE SPARK: EBay Inc. reported a 22 percent increase in its net income due to growth at its PayPal payments service and the marketplaces business that includes eBay.com.
Google plunged 9 percent after it accidentally released a weak earnings report hours ahead of schedule. "This is a market that's waiting for a clear catalyst," said Quincy Krosby, market strategist at Prudential Financial. Google's stock dropped $68.19 to $687.30 before trading was suspended.
Among the stock activity stories for Thursday, Oct. 18, from AP Business News:. _ Shares of Mellanox Technologies Ltd. fell after the semiconductor maker issued a disappointing revenue outlook for the current quarter and full year.
Among the stock activity stories for Thursday, Oct. 18, from AP Business News:. _ Shares of Vivus Inc. fell after an analyst said Wall Street may be over-estimating gains from initial sales of the drug developer's obesity treatment Qsymia.
NEW YORK-- Consumers are expected to only slightly increase their holiday budgets for items like decor, greeting cards and gifts this year compared with a year ago, the nation's largest retail trade group says. The National Retail Federation says shoppers are expected to spend $749.51 in November and December.
CARSON CITY, Nev.-- The number of Nevadans filing initial claims for jobless benefits fell in September to the lowest level in five years.
BALTIMORE-- A Maryland chicken farmer at the center of a pollution lawsuit that could affect the state's poultry industry said Thursday that the battle has been stressful for his family and has made him paranoid. Alan Hudson, who raises chickens for poultry giant Perdue, is being sued by a New York- based environmental group.
NEW YORK-- Morgan Stanley said Thursday that its corporate clients are ready to do business _ but they're a little unnerved by the impending fiscal crisis.
What makes politics here different is who works in those skyscrapers _ not lawyers or accountants, but heavily unionized housekeepers, blackjack dealers and line cooks who have abruptly transformed Nevada into a swing-voting state. Her youngest daughter will soon graduate from the University of Nevada, Las Vegas. "
LITTLE ROCK, Ark.-- Talk show host Montel Williams on Thursday accused opponents of an Arkansas ballot measure that would legalize medical marijuana of resorting to "racist" imagery with a television ad featuring an African-American actor portraying a drug dealer.
ALMOST PAYDIRT: Crude production in Kazakhstan's mammoth Kashagan oilfield project is expected to begin sometime next year. EUREKA: When surveyors confirmed in 2000 that Kazakhstan had a new supergiant oil reserve, the world's energy companies reacted with glee.