IBT Staff Reporter

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Price hikes help DuPont profit beat Street

Chemical maker DuPont posted a higher-than-expected quarterly profit on Tuesday due to a double-digit price hike and raised its 2011 earnings forecast, pushing its shares up more than 1 percent.

Cain Keeps His Lead Over Romney in Latest CBS/NYT Poll

Herman Cain leads Mitt Romney in the latest CBS News-New York Times poll, the latest of numerous surveys to show him on top of the Republican field -- but four out of five voters say their allegiance could still change.

The End of Whistle-blower WikiLeaks?

Julian Assange is now announcing a temporary suspension of the website's publishing efforts. By the end of the year, WikiLeaks could face shut down due to financial blockades from several major banks and credit card companies, some of which include Visa, Western Union, MasterCard, and PayPal.

Home Prices Flat in August: S&P

Single-family home prices were unchanged in August, pointing to a market that continued to stabilize but has yet to gain traction, a closely watched survey said on Tuesday.

Newsmaker: The emperor of Olympus, protector no longer

When Michael Woodford began his short tenure as Olympus president, he described the man who hired him, Chairman Tsuyoshi Kikukawa, as an umbrella, a protective cover to deflect anyone out to stop the Briton's western-style tough cost-cutting.

Zynga's IPO due week before Thanksgiving: sources

Zynga Inc is currently planning to price its initial public offering and have its shares begin trading the week before the U.S. Thanksgiving holiday on November 24, two sources briefed on the offering said on Monday.

UBS Salvages 3Q Profit with One-Off Gain

Swiss bank UBS AG overcame a 1.8 billion Swiss franc ($2 billion) rogue trading loss to post a smaller than forecast fall in third quarter net profit on Tuesday, salvaged by a one-off accounting gain.

U.S. Stock Index Futures Mixed

Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures down 0.03 percent and Nasdaq 100 futures down 0.1 percent at 0925 GMT (5:25 a.m. EDT).

Stock index futures seen mixed

Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures down 0.03 percent and Nasdaq 100 futures down 0.1 percent at 0925 GMT (5:25 a.m. EDT).

Deutsche Bank warns of more job cuts in tough trade

Deutsche Bank's third-quarter pretax profit beat forecasts as retail banking and asset management offset a drop in investment banking which it warned was facing the toughest conditions since 2008 that could lead to more job cuts.

Canon cuts outlook on Thai floods, strong yen

Canon Inc on Tuesday became the first major Japanese firm to cut its annual outlook due to Thai flooding and the strong yen, two problems that are clouding the outlook for many of its rivals ahead of the lucrative year-end shopping season.

UBS warns of tough times as Q3 profit surprises

Swiss bank UBS AG posted a better-than-expected third-quarter net profit Tuesday, with its core wealth management business performing well despite last month's trading scandal, although it warned of tough times ahead.

AU Optronics Q3 loss widens, cuts capex further

Taiwan's AU Optronics Corp, the world's No.4 LCD maker, posted a worse-than-expected loss in the third quarter, citing falling panel prices, and said it does not see a speedy recovery in the industry in the coming one to two quarters.

Strong licensing helps ARM beat expectations

Britain's ARM Holdings reported strong licensing of its chip designs in the third quarter, helping it beat market expectations and offset current weak demand in consumer electronic markets ahead of the holiday season.

BP turns a corner after Gulf blowout

BP has turned a corner after the Gulf of Mexico disaster, its chief executive said on Tuesday, predicting the British oil firm would now return to output and cashflow growth and rejecting calls for a fundamental restructuring of the group.

ABC's Once Upon a Time starts strong, Fox wins night

ABC's new fairytale drama Once Upon a Time got off to a strong start Sunday night, scoring the top ratings of any drama debut this fall, while Fox won the night overall thanks to the NFL and the World Series, according to preliminary numbers.

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