Raytheon posts sharp drop in profit; lifts 2015 revenue forecast
WASHINGTON (Reuters) – Raytheon Co , maker of the Patriot missile system, on Thursday reported sharply lower net earnings and bookings in the third quarter, but said its cash flow generation was strong and revenues for the full year would be higher tha…
Specialty pharmacies in spotlight as Valeant ties questioned
LOS ANGELES (Reuters) – Investor concerns over accounting practices at Valeant Pharmaceuticals International Inc have put a spotlight on the little-known and fast-growing specialty pharmacy industry.
Southwest Air tops third-quarter profit estimate, expects unit revenue rise
(Reuters) – Southwest Airlines Co on Thursday reported third-quarter profit that topped analysts’ expectations, and forecast that unit revenue would rise in the fourth quarter year-over-year, bucking a months-long decline in the metric.
Greece to receive 3 billion euro aid tranche: EU’s Moscovici
PARIS (Reuters) – Reforms carried out by the Greek government are on track and its creditors will disburse the next 3 billion euro ($3.4 billion) installment of its aid program, European Economics Commissioner Pierre Moscovici told French radio on Thur…
European shares and dollar edge up, ECB keeps investors wary
LONDON (Reuters) – Shares edged up in Europe and the dollar made slight gains on Thursday, with investors focusing on the European Central Bank, which is expected to keep the door open to more economic stimulus after its latest policy-setting meeting.
China says outflows normal, no panic capital flight
BEIJING (Reuters) – Recent outflows of money from China are “normal” and not a sign of panic capital flight, a senior official at the foreign exchange regulator said on Thursday, downplaying fears over growing outflows as the economy slows.
Hyundai Motor quarter-three net profit slides 23 percent, missing estimates
SEOUL (Reuters) – Hyundai Motor Co on Thursday said its net profit fell 23 percent in the third quarter from a year earlier, its seventh quarterly drop, hit by slowing China sales and aggressive global incentives which outweighed currency gains.
Honda delays plans for $822 million China plant on slower demand: Bloomberg
(Reuters) – Honda Motor Co will delay the construction of a planned $822 million plant in Wuhan, China, as demand slows in the world’s largest auto market, Bloomberg reported.
Australia defers decision on Shell’s BG bid by a week to November 19
MELBOURNE (Reuters) – Australia’s competition watchdog said it has postponed a final decision on Royal Dutch Shell’s $70 billion takeover of BG Group by a week to November 19, following an earlier deferral in September.
China regulator says August yuan reform was normal conduct
BEIJING (Reuters) – China’s market-based reform of its currency regime <CNY=CFXS> that took place in August was a normal government conduct rather than large-scale intervention, an official at the country’s foreign exchange regulator told a news …
