Mexico's Telmex slips in quarter on competition
Telmex, Mexico's leading fixed-line phone operator, posted an 11.9 percent drop in third-quarter net profit on Wednesday as growing competition and an economic slump led to canceled phone lines.
Honda to post $660 million H1 op profit-Nikkei
Honda Motor Co will likely post an operating profit of 60 billion yen ($660 million) for the April-September first half, beating its forecast for a loss on cost-cutting and sales of fuel-efficient cars, the Nikkei business daily reported on Thursday.
Smart Off-Season Tips for Buyers
Everyone's been saying Now's the time to buy, for quite a while, but for many who've been waiting on the sidelines, the autumn off-season of real estate may indeed be the right time to act.
Fidelity National Q3 adj profit misses view by a cent
Electronic payment processor Fidelity National Information Services Inc's (FIS.N) third-quarter adjusted profit narrowly missed market estimates, hurt mainly by a decline in revenue from its financial solutions and payment solutions segments. Net profit from continuing operations for the quarter was $67.6 million, or 35 cents a share, compared with $43.6 million, or 23 cents a share, last year. Excluding items, it earned 46 cents a share.
More news
2010 auto sales seen up at least 15 percent
U.S. auto sales are projected to rise nearly one-fifth to 11.8 million units in 2010, influential industry tracking firm CSM Worldwide said on Wednesday, citing signs that the worst of the economic downturn had passed.
China's Volvo bid may stall over intellectual property
Geely Holding's attempt to buy Ford Motor Co's (F.N) Volvo car unit is in danger of stalling over disagreements about intellectual property rights, a source close to the talks said on Wednesday.
GM says Opel deal could close this week
General Motors Co GM.UL remains committed to closing a deal to sell its European Opel unit to a group led by Magna International (MGa.TO), the automaker's chief executive told CNBC on Wednesday.
Hyundai may extend car return program-U.S. CEO
Hyundai Motor Co Ltd is considering extending its successful U.S. incentive program that allows consumers to return vehicles if they lose their jobs, its U.S. chief executive said on Wednesday.
Wal-Mart CEO says retailer can continue to win
Wal-Mart Stores Inc's chief executive kicked off a two-day meeting by telling Wall Street that the world's largest retailer has more room to grow, both at home and internationally.
Knight Capital Q3 profit misses St. view; shares fall
Electronic trading services provider Knight Capital Group Inc's quarterly profit fell short of expectations, as its trading income took a hit from lower market volatility and higher regulatory transaction fees, sending its shares down 18 percent.
Brookfield Brazil share offer raises $272 mln
Brookfield Incorporacoes, the Brazilian real estate unit of Canada's Brookfield Asset Management, said on Tuesday it raised $272 million in a share offering.
AGA Medical up 1 pct in Nasdaq debut
Shares of AGA Medical Holdings Inc, a maker of devices for heart defects and blood vessel diseases, edged up 1 percent in their debut on Nasdaq Wednesday after the company's IPO priced below range.
PlainsCapital sees IPO priced at $14-$16/shr
Plains Capital Corp, a Dallas-based bank holding company and mortgage lender, said it expects its initial public offering of 15 million shares to be priced at $14 to $16 a share, in what could be the first IPO by a bank in more than two years.
TCF Financial Q3 profit misses Wall Street, shares fall
TCF Financial Corp reported a 42 percent drop in quarterly profit that missed market expectations, hurt by a higher provision for credit losses.
Gentex profit beats forecast, shares jump
Gentex Corp posted a better-than-expected 58 percent rise in third-quarter profit on Wednesday and forecast a revenue increase of up to 35 percent for the fourth quarter, citing improving production volumes by automaker customers.
Ferrovial's BAA sells Gatwick airport at a loss
Spain's Grupo Ferrovial, under pressure to reduce its dominance in UK airports, has agreed to sell London's Gatwick for a smaller-than-expected 1.51 billion pounds ($2.46 billion) to a consortium involving Credit Suisse and General Electric.
Cadbury's bumper puts pressure on suitor Kraft
Cadbury beat sales forecasts and raised targets in a bumper third-quarter trading report, pushing up its shares and pressuring suitor Kraft to come up with a bigger bid to win its takeover battle.
Sallie Mae sees higher profit in 2010, stock jumps
Sallie Mae, the largest U.S. student loan provider, forecast higher earnings in 2010, boosted by lower loan loss provisions and more stable credit markets, sending its shares up as much as 22.5 percent.
Comcast, GE keep options open amid NBC deal talk
The top executives of General Electric and Comcast Corp, which sources say are negotiating a multi-billion dollar sale of NBC Universal, said they were keeping their options open but offered few hints of whether a deal may soon emerge.
GM units may take up GM Daewoo rights offer: KDB
General Motors Co has not subscribed to the $424 million rights issue of its South Korean unit by a Wednesday deadline, according to a report, but its overseas units are now expected to take up the offer.
Obama team was divided on Chrysler rescue-Rattner
The Obama administration was deeply divided over whether to fund Chrysler's restructuring in bankruptcy and whether the automaker could survive to repay the investment, according to a former senior official.
Goldman Sachs raises Caterpillar to neutral
Goldman Sachs upgraded Caterpillar Inc the stock to neutral from sell and bumped up its price target by $16 to $64, citing improved cost control by the company and a stronger outlook for construction equipment demand.
Washington Realty Firm Incolo.com Sees Opportunity Where Others See Eyesores
Washington real estate web site Incolo.com tells investors how to overlook bank-owned properties that have cosmetic flaws. Doing so can mean big savings. By being willing to invest a small amount up-front, buyers can save as much as 20% on a home purchase.
Continental Air posts surprise profit before items
Continental Airlines Inc posted a quarterly profit before one-time charges on Wednesday, beating analysts' expectations of a loss, as it benefited from reduced capacity and a drop in costs.
Mortgage applications drop again as rates climb
U.S. mortgage applications fell for a second straight week, led by a plunge in demand for home refinancing loans as interest rates climbed, data from an industry group showed on Wednesday.
Lilly profit tops estimates on drug sales, taxes
Eli Lilly and Co posted third-quarter profit well above Wall Street expectations on Wednesday on strong performance of its major prescription drugs and lower taxes, sending shares up 1.9 percent.
Chicago most stressed city in U.S.
Striving to attain that perfect life, work balance? You're not alone, but if you live in Chicago you're more unlikely to find it with residents of the Windy City the most stressed in the United states.
Boeing posts loss on charges
Boeing Co on Wednesday posted a quarterly net loss on charges related to the first three 787 flight-test planes and the 747 program.
Lilly profit tops Street view
Eli Lilly and Co posted better-than-expected quarterly profit on Wednesday as sales of its top-selling prescription drugs beat projections, and the drugmaker raised its full-year earnings forecast.
Japan automakers look beyond U.S. as strong yen bites
Japanese automakers such as Honda and Nissan want to reduce their reliance on the U.S. market, where weak demand and a falling dollar have slashed profits, even as a poor turnout at their flagship auto show highlights the challenges at home.
BHP declares force majeure on Olympic Dam output
BHP Billiton, the world's largest miner, has declared force majeure on some copper and uranium contracts after damage to a shaft at its Australian Olympic Dam mine, it said on Wednesday. The miner has sent force majeure notices to some customers, a move that frees it from liability if it can't meet a contract due to events beyond its control.
Flu-related products may lift U.S. makers' profits
Sales of hand sanitizers, cleansers and face masks in the midst of the H1N1 flu pandemic may provide a profit boost this quarter, but are not expected to drive manufacturers' results long-term.
Lockheed Martin posts profit, sees 2010 down
Lockheed Martin Corp posted better-than-expected quarterly profit aided by a lower tax rate and share count on Tuesday, but revenue missed Wall Street estimates and the defense contractor warned earnings would drop in 2010, sending its shares down more than 5 percent.
TIMELINE-GM's proposed Opel stake sale to Magna
General Motors was set to decide this week whether to sign a contract to sell a majority stake in European arm Opel to Canadian parts maker Magna and Russia's Sberbank.
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