UPDATE 1-Lilly third-quarter results miss estimates
Oct 25 Eli Lilly and Co reported third-quarter revenue below Wall Street estimates, driven by lower demand for its products outside the United States.
(Corrects spelling of company name in headline)
MILAN Nov 30 Standard & Poor's has downgraded Italy's Piaggio, the maker of the Vespa scooter, to three notches below investment grade, citing the impact of weak economic conditions in Europe.
In a statement on Friday, the ratings agency said it had lowered its long-term credit rating on Piaggio by one notch to 'BB-' from 'BB' with a stable outlook.
S&P said the Italian company's credit metrics would be weaker than previously expected and weak economic conditions in Europe, particularly in Southern Europe, were unlikely to support a recovery in these metrics in 2013.
Piaggio said in October net profit and revenue fell in the first nine months of the year as scooter and motorcycle sales contracted in Europe. (Reporting By Danilo Masoni; Editing by Gerald E. McCormick)
LONDON, Oct 25 Britain on Tuesday gave Heathrow Airport the green light to build a new $22 billion runway, ending 25 years of indecision with the most ambitious option available to boost global trade links following the vote to leave the EU.
* KeyCorp reports third quarter 2016 net income of $165 million, or $.16 per common share; earnings per common share of $.30, excluding $.14 of merger-related charges