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Wires

  • ZURICH, Oct 19- Activist investor RBR Capital Advisors wants Credit Suisse to float its asset management business and investment bank, according to a presentation reviewed by Reuters. A spokesman for RBR declined to comment and said the fund will outline its strategy for Credit Suisse at the JP Morgan Robin Hood Investor Conference in New York on Friday.

  • NEW YORK _ Bank Of New York Mellon Corp. on Thursday reported third-quarter earnings of $1.02 billion. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share. Four analysts surveyed by Zacks expected $3.99 billion.

  • PITTSBURGH _ PPG Industries Inc. on Thursday reported third-quarter net income of $609 million, after reporting a loss in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of $1.52 per share. Six analysts surveyed by Zacks expected $3.75 billion.

  • BAGHDAD, Oct 19- Iraq won't be able to restore Kirkuk's oil output to last week's levels before Sunday because of missing equipment at two fields, an oil ministry official told Reuters on Thursday.

  • The family of Helen J. DeVos says the philanthropist from western Michigan known for her support of children's health, Christian education and the arts has died. GRAND RAPIDS, Mich.— Helen J. DeVos, a philanthropist from western Michigan known for her support of children's health, Christian education and the arts, has died at age 90.. DeVos was the wife of Rich DeVos,...

  • MADISON, N.J. _ Quest Diagnostics Inc. on Thursday reported third-quarter earnings of $161 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share. Quest Diagnostics expects full-year earnings in the range of $5.62 to $5.67 per share, with revenue expected to be $7.71 billion.

  • The Senate and the House of Representatives must agree on a fiscal year 2018 budget resolution for Republicans to meet their goal of enacting a tax bill and sending it to Trump for his signature by the end of this year. The budget resolution contains a legislative tool called reconciliation, which would enable Republicans, who control the 100- seat Senate by a...

  • RIO DE JANEIRO, Oct 19- Brazil's oil regulator ANP said on Thursday if could accept fresh bids for blocks that don't receive offers in second and third round pre-salt oil and gas auctions next week.

  • OLNEY, Md. _ Sandy Spring Bancorp Inc. on Thursday reported third-quarter net income of $15.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. Sandy Spring Bancorp shares have risen almost 6 percent since the beginning of the year.

  • Oct 19- Property and casualty insurer Travelers Cos Inc reported a 59 percent drop in quarterly profit on Thursday, hurt by higher catastrophe losses from hurricanes Harvey and Irma. Net income fell to $293 million, or $1.05 per share, for the quarter ended Sept. 30, from $716 million, or $2.45 per share a year earlier. On a core basis, the company earned 91 cents per...

  • WELLINGTON, Oct 19- New Zealand will get its youngest prime minister in more than 150 years after the small, nationalist New Zealand First Party agreed to form a new government with Labour Party leader Jacinda Ardern, ending the National Party's decade in power. "Their tighter immigration proposals and more restrictive housing policy all suggest economic...

  • WASHINGTON— The Latest on President Trump, Congress and $4.1 trillion budget plan:. Senate Republicans are on track to pass a $4 trillion budget plan that shelves GOP deficit concerns in favor of the party's drive to cut taxes. The upcoming tax measure, always a top item on the GOP agenda this year, has taken on even greater urgency with the failure of the party to...

  • The maker of Bell Helicopter said it expects an adjusted profit of $2.40 to $2.50 per share in 2017, compared with its previous forecast of $2.40 to $2.60. Sales in the company's aviation business, which services the Hawker brand of business jets, decreased 3.7 percent to $1.15 billion in the third quarter, due to lower deliveries of its King Air turboprops and...

  • BRAZIL'S PETROBRAS SAYS SIGNED DEAL WITH GRUPO MODEC TO RENT PLATFORM IN SANTOS BASIN.

  • FORT WAYNE, Ind. _ Steel Dynamics Inc. on Wednesday reported third-quarter net income of $153.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 66 cents per share. Four analysts surveyed by Zacks expected $2.37 billion.

  • CLEVELAND _ KeyCorp on Thursday reported third-quarter net income of $350 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings of 35 cents per share. Eight analysts surveyed by Zacks expected $1.56 billion.

  • NEW YORK _ Signature Bank on Thursday reported third-quarter profit of $124.5 million. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share. Fifteen analysts surveyed by Zacks expected $322.2 million.

  • OAKDALE, Calif. _ Oak Valley Bancorp on Wednesday reported third-quarter net income of $2.5 million. The bank, based in Oakdale, California, said it had earnings of 31 cents per share. Oak Valley Bancorp shares have increased 34 percent since the beginning of the year.

  • CHICAGO _ MB Financial Inc. on Thursday reported third-quarter net income of $60.8 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. Seven analysts surveyed by Zacks expected $253.2 million.

  • EDEN PRAIRIE, Minn. _ NVE Corp. on Wednesday reported fiscal second-quarter net income of $3.2 million. On a per-share basis, the Eden Prairie, Minnesota- based company said it had net income of 65 cents. This story was generated by Automated Insights using data from Zacks Investment Research.