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CLEVELAND, OH (AFX) - Real estate investment trust Developers Diversified Realty Corp., which invests in shopping centers, said Friday its third-quarter funds from operations rose, driven by higher rents and gains on asset sales. For the quarter ended Sept. 30, the company reported FFO after paying preferred dividends of $91.7 million, or 83 cents per share, versus a prior-year profit of $81.8 mi ...

NEW YORK (AFX) - Stocks opened lower Friday after the Commerce Department reported that the economy grew at the slowest pace in more than three years. While investors expected the reading on gross domestic product would show growth to be slowing, the report stirred concern that a cooling in the housing market would spill over into other parts of the economy. Highest-ever profits from Chevron Cor ...

(Adds analyst, company comment) LONDON (AFX) - Shire PLC raised guidance for annual revenue growth on the back of strong demand for its top-selling drug and new product launches this year, and revealed third-quarter profits edged slightly-higher. Net profits, excluding one-time items, climbed to 68.5 mln usd, or 13.4 cents a share, from 64.1 mln, or 12.8 cents in the same period last year, beati ...

OAK BROOK, Ill. (AFX) - Federal Signal Corp., which makes fire trucks and other safety gear and street cleaning vehicles, on Friday said its third-quarter profit fell 11 percent, as losses from discontinued operations dragged down earnings. Quarterly earnings slipped to $9.2 million, or 19 cents per share, from $10.3 million, or 21 cents per share, during the same period last year. Earnings from  ...

LONDON (AFX) - German shares pared gains to trade almost flat midafternoon after US GDP data came in weaker than expected as slowing housing investment cut into gains elsewhere, while VW remained in focus after its 9-month trading update and signalling its intention to increase its stake in MAN. At 1.50 pm, the DAX was down 1.5 points, or 0.01 pct at 6,282.28, with the MDAX down 43.54, or 0.47 pc ...

The war of words between Ryanair and its bid target Aer Lingus has taken a fresh turn with Ryanair being accused of making "misleading" statements. Aer Lingus said Ryanair was guilty of making "serious inaccuracies and misrepresentations" in its statements. Ryanair boss Michael O'Leary had said that Aer Lingus staff selling their shares to him would receive a 60,000 euro (£40,000; $76,000) bonanza. But Aer Lingus has retorted that this is untrue and it can prove it. Tough talk Aer Ling ...

LONDON (AFX) - London shares turned weaker to trade at session lows after US GDP came in lower than expected as slowing housing investment cut into gains elsewhere. At 13.45 pm, the FTSE 100 was down 27.4 points at 6,156.9, off its session high of 6,206.0. The broader market was also weaker. A short while ago, data showed the US economy continued to slow in the summer to the slowest growth rate  ...

DEERFIELD, Ill. (AFX) - Fortune Brands Inc., a maker of building products, liquor and golf gear, said Friday its third-quarter profit rose because of strong sales of its home, spirits and golf products and improved margins in its spirits and wine business. For the quarter ended Sept. 30, the company reported net income of $151.3 million, or 98 cents per share, versus a prior-year profit of $92.2  ...

LINCOLN, Neb. (AFX) - Student loan provider Nelnet Inc. said Friday it swung to a loss in the third quarter, weighed down by charges and squeezed margins. The company posted a loss of $22.4 million, or 42 cents per share, compared with a profit of $72.1 million, or $1.34 per share, during the same period last year. Results included $79.9 million losses on investments and unfavorable foreign curr ...

NEW YORK (AFX) - Mexican cement manufacturer Cemex SAB de CV said Friday it will offer about $11.7 billion in cash for Australian heavy building materials maker Rinker Group Ltd. Cemex said the deal would create one of the world's biggest building materials companies with revenue of $23.2 billion and more than 67,000 employees in more than 50 countries. Cemex said it planned to offer $65.00 in c ...