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UPDATE 1-Interpublic revenue rises 8 pct on higher ad spending in U.S.
2014-10-22 16:30:49| Toys - Topix.net
Advertising company Interpublic Group of Cos Inc reported quarterly revenue above analysts' expectations, helped by higher ad spending by U.S. businesses. The world's No.4 ad firm also said it could exceed its organic revenue growth target of 4 percent for the full year ending December.
UPDATE 3-Verizon posts higher revenue as consumers use more data
2014-10-22 15:11:31| IT Services - Topix.net
Verizon Communications Inc's quarterly revenue rose 4.3 percent, matching forecasts, as price cuts attracted more customers and growing mobile video traffic boosted data usage. Subscribers' tendency to use more than one device, plugging in tablets and vehicle consoles to its network, also bolstered results.
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BAT update weighs on FTSE 100
2014-10-22 10:19:03| BBC News | Business | UK Edition
The FTSE 100 falls in early trade, with British American Tobacco shares hit by news of a fall in revenue.
UPDATE 1-FDA panel votes to expand use of Vertex cystic fibrosis drug
2014-10-22 07:30:16| Biotech - Topix.net
A U.S. Food and Drug Administration advisory panel on Tuesday voted 13-2 to recommend expanding approval of Vertex Pharmaceuticals Inc's cystic fibrosis drug Kalydeco to include a wider range of patients with the rare lung disease, the company said. The panel of experts said Kalydeco should be approved for patients ages 6 and older with a specific mutation of the R117H gene, of which there are about 500 people in the United States.
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UPDATE 1-Daimler sees $780 million windfall from sale of Tesla stake
2014-10-22 03:13:11| Automakers - Topix.net
Daimler AG said on Tuesday it would book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors Inc . The stake sale comes as a surprise, even though the Stuttgart-based maker of Mercedes-Benz cars insisted that a technological cooperation deal between the two carmakers remains unchanged.
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