Stanley receives contract with Department of State office worth about $59 million. Stanley Inc., a government contractor, said Tuesday it is part of a team with Harris Corp. that will receive a $196.5 million contract from an office of the Department of State.
Ark. revenues fall below forecast by $17.8M as agencies detail budget cuts. Arkansas finance officials said Tuesday that the state collected $17.8 million less than expected last month, as state agencies prepared to detail their plans for cutting budgets.
Vornado Realty Trust 3rd-qtr funds from operations up 15 percent on sale of K Street building. Vornado Realty Trust on Tuesday said its third-quarter profit rose 15 percent, benefiting from the sale of an office building in Washington, D.C. and its investment in Toys R Us.
Electrical fault shuts down reactor at Indian Point plant in NYC suburbs. Federal regulators say a nuclear power reactor in the New York City suburbs has been shut down because of an electrical fault.
Expeditors 3Q profit falls 33 pct as volume falls and freight haulers raise prices. Freight forwarder and logistics company Expeditors International of Washington Inc. said on Tuesday that its third-quarter profit dropped 33 percent as freight haulers raised prices even as demand remained weak.
British government injects more funds into banks as it orders breakup of major players. The British government moved Tuesday to break up the country's two biggest retail banks, imposing a major shakeup on the financial sector as it exacts payback for last year's massive state bailout at the height of the financial crisis.
NEW YORK (Reuters) - Polo Ralph Lauren Corp <RL.N> posted a quarterly profit far above Wall Street estimates and strengthened its full-year revenue outlook, as demand for its fashions picked up as the quarter progressed.
Spring Design files lawsuit over Barnes & Noble's new Nook e-reader. Technology company Spring Design said Tuesday it filed a lawsuit against Barnes & Noble alleging it misappropriated trade secrets and violated a nondisclosure agreement when it launched its electronic reader Nook last month.
Parker Drilling posts sharp decline in 3rd-quarter profit but tops Wall Street forecast. Parker Drilling Co. said Tuesday its third-quarter profit fell sharply on lower revenue as the industry continued to remain weak, but the oil drilling contractor still posted better-than-expected results.
DETROIT (Reuters) - Ford Motor Co <F.N> said on Tuesday that its U.S. sales rose 3.1 percent in October from a year earlier among all of its brands, supported by sales of cars and crossovers.
Magellan Midstream 3rd-qtr profit tumbles 22 pct on commodity price weakness. Magellan Midstream Partners LP, which transports, stores and distributes refined petroleum products, on Tuesday said its third-quarter earnings tumbled 22 percent as rebounding energy prices still fell far short of record-high prices in the prior-year quarter.
Ambassador Theatre Group buys Live Nation's UK theaters. The Ambassador Theatre Group said Tuesday it has completed a 90 million pound ($147 million) deal that makes it one of Britain's biggest theater groups.
(Reuters) - Flagstar Bancorp Inc <FBC.N> reported a wider-than-expected quarterly loss, hurt by higher non-performing assets and tax expenses, and filed for a mixed shelf of up to $2 billion, sending its shares down 13 percent.
The Philadelphia transit system's largest union went on strike early Tuesday, stalling the city's bus, subway and trolley operations a day after the World Series shifted to New York and forcing thousands of commuters to find other ways to get to work.
Marvel Entertainment's 3rd-quarter profit falls without major film releases. Marvel Entertainment Inc. said Tuesday its third-quarter profit fell 60 percent as it took in less money than last year from licensing its comic book characters for movies.
Merck is set to close $41B purchase of Schering-Plough, becoming world's No. 2 drugmaker. Merck & Co. is set to complete its $41 billion acquisition of Schering-Plough Corp. later Tuesday, creating the world's second-largest drugmaker, behind Pfizer Inc.
Merck & Co. is set to complete its $41 billion acquisition of Schering-Plough Corp. later Tuesday, creating the world's second-largest drugmaker, behind Pfizer Inc.
Shoppers and small businesses planning to spend less on gifts this holiday season. TIGHT-FISTED?: A third of U.S. adults said they would spend less this year than they did in 2008 on gifts, while 49 percent would spend about the same amount, according to a Consumer Reports poll on holiday shopping.
NC appellate judges reject state employees public records lawsuit against treasurer's office. The North Carolina Court of Appeals has sided with the state treasurer's office in a public records lawsuit that accused officials of withholding documents about the state's pension fund.
US Army to spend nearly $17M developing new computer research center at University of Illinois. The U.S. Army is financing a new research center at the University of Illinois to develop technology for computer networks used on battlefields and in other similarly difficult environments.
Martin Marietta posts 16 percent decline in 3rd-quarter profit on lower revenue. Martin Marietta Materials Inc., a maker of construction materials, said Tuesday its third-quarter net income slid 16 percent as delays in infrastructure projects hurt revenue.
Wisconsin Republicans rail against new insurance provisions, move to repeal them. Republican legislators are trying to muster support for a bill that would repeal new minimum car insurance levels in Wisconsin.
Oregon's treasurer says national agencies reaffirmed state's good credit rating. The Oregon treasurer's office says national credit rating firms are reporting that the state remains a safe credit risk at a time when many others are being warned about potential downgrades.
Viacom's 3Q profit jumps 15 percent as film profits offset decline in advertising, DVD sales. G.I. Joe and the Transformers came to Viacom Inc.'s rescue in the third quarter, helping boost the company's earnings 15 percent with strong box office returns.
Russia, Slovakia tighten borders with Ukraine as WHO investigates swine flu outbreak. Russia and Slovakia tightened their borders with Ukraine on Tuesday as the World Health Organization began investigating a suspected swine flu outbreak.
Johnson & Johnson said Tuesday it will trim layers of management, cut thousands of jobs, and set other restructuring moves in order to save up to $900 million next year.
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp <BAC.N> is considering allowing its next chief executive to be based in a city other than Charlotte, North Carolina, the bank's long-time headquarters, Bloomberg reported on Tuesday.
WILMINGTON, Delaware (Reuters) - Chemicals maker DuPont <DD.N> said on Tuesday a U.S. economic recovery was beginning to take hold and forecast 2010 profit growth in line with Wall Street estimates.
Diebold swings to 3rd-quarter loss after big charge from loss on sale of voting machine unit. ATM maker Diebold Inc. on Tuesday posted a third-quarter loss as it absorbed a big loss on the sale of its voting machine business. It also cut its full year profit and revenue forecast.
New Hampshire revenues $12 million below projections in Oct.; off more than $30M for year. New Hampshire's revenues continue to come in below projections.
Nevada utility commissioners taking public comment at open meeting in Reno. Nevada state utility regulators plan a public meeting in Reno to hear from residents about electric, gas, telephone, railroad and water service in northern Nevada.
Managed care company Aetna completes purchase of Horizon Behavioral Services. Managed care company Aetna Inc. said Tuesday it has completed a $70 million acquisition of employee assistance program provider Horizon Behavioral Services LLC.
Ethics review sought in Gov. Paterson's Yankees tickets in World Series. A good-government group is calling for an ethics investigation into how New York Gov. David Paterson got his Yankees tickets for the first game of the World Series.
Pipeline company grants to pay for restoring, protecting Indiana bird habitats. Seven new grants from a company building a huge natural gas pipeline will help protect bird habitats in Indiana.
ArcelorMittal promises European workers that it won't shut plants or make forced layoffs. ArcelorMittal SA, the world's largest steel maker, told trade unions Tuesday that it does not plan to shut down any of its European plants.
PERSPECTIVE: Ohio Governor largely out of sight on casino issue leading up to Tuesday election. Arguments for and against casinos bombarded Ohioans via the airwaves, phone lines and news media for weeks.
New Mexico governor predicts tax increase next year to deal with state's budget problems. Gov. Bill Richardson predicted that New Mexicans will face higher taxes next year to deal with the state's continuing budget problems.
WASHINGTON (Reuters) - New orders received by U.S. factories rose a stronger-than-expected 0.9 percent in September, while inventories continued to shrink, the Commerce Department said on Tuesday in a report suggesting manufacturing activity is feeding the economic recovery.
Brett Favre's return to Green Bay results in second most-watched NFL telecast ever on Fox. Brett Favre's return to Green Bay was must-see viewing for NFL fans.
Demand forces cash prices higher than futures . ATLANTA ? The most important news of this past trading week is that both gold and silver futures on the COMEX in New York finished the week in backwardation. A condition most long-time traders view as more bullish than bearish very short term. We?ll have more about that below, but first here?s this week?s closing table:
Hall of Famer Bill Walton won't return as analyst for ESPN's NBA coverage. Hall of Famer Bill Walton won't return as an analyst for ESPN's NBA coverage.
Wet weather makes for not quite 2 days suitable for field work, South Dakota harvest lags. Wet weather continues to hinder South Dakota's row-crop harvest.
Wet conditions continue to slow ND harvest; corn and sunflowers see significant delays. Rain and snow continue to delay the harvest of late season crops in North Dakota.
NEW YORK (Reuters) - New York cable operator Cablevision Systems Corp <CVC.N> posted better-than-expected quarterly profit, fueled by increases in Internet and phone subscribers and advertising revenue.
Maine Insurance Bureau: Workers' compensation rates to drop by average 7 percent. Maine's Insurance Bureau says workers' compensation rates will decrease by an average of 7 percent.
Nokia Siemens Networks to lay off up to 5,700 workers to cut costs. Nokia Siemens Networks said Tuesday it will lay off up to 5,700 workers globally as part of a move to cut annual costs by euro500 million ($740 million).
Dow names Merszei president of Dow Europe, Middle East, Africa; chairman of Dow Europe. Dow Chemical Co. on Tuesday said chief financial officer Geoffery Merszei will leave that post and take on the roles of president of Dow Europe, Middle East and Africa, chairman of Dow Europe and executive vice president of The Dow Chemical Co.
Bank HSBC cutting 1,700 jobs across Britain in credit card, collections and back office. HSBC Holdings PLC says it is cutting 1,700 positions from its British work force.
Officials: MeritCare, Sanford Health merger creates largest rural not-for-profit health system. The two largest health systems in the Dakotas became one Monday, forming what officials said is the nation's largest not-for-profit rural health care provider.
Ford Motor announces that senior executives John Parker and Phil Spender will retire. Ford Motor Co., which surprised the market by posting a third-quarter profit, said Tuesday that two of its senior executives are retiring.
