• Oshkosh cuts jobs as U.S. defense spending falls Thursday, 9 Oct 2014 | 3:54 PM ET

    Oct 9- Specialty truckmaker Oshkosh Corp said it would cut its defense segment workforce by about 250 to 300 hourly positions, due to lower U.S. defense spending and reductions in military production. The Pentagon's chief weapons buyer, Frank Kendall, last month predicted "very, very painful" negotiations within the U.S. military as it shapes its fiscal 2016...

  • Oshkosh to cut about 370 hourly, salaried jobs Thursday, 9 Oct 2014 | 3:16 PM ET

    NEW YORK— Oshkosh Corp. said Thursday that it plans to lay off about 370 workers from its unit that makes military vehicles. Oshkosh said about 250 to 300 of the jobs being cut are hourly positions. Oshkosh shares fell 84 cents, or 1.9 percent, to $42.37 in afternoon trading Thursday.

  • EW Scripps buys weather app maker WeatherSphere Wednesday, 8 Oct 2014 | 12:23 PM ET

    NEW YORK— The E.W. Scripps Co., the media company that is spinning off its newspaper business, said Wednesday that it bought weather app maker WeatherSphere. The apps typically cost between $1.99 and $3.99. Scripps announced in July that it would combine its broadcast operations with Milwaukee- based media company Journal Communications Inc. and spin off their...

  • NEW YORK, Oct 3- A positive vibe returned to the U.S. stock market Friday, leaving some to wonder if, after two weeks of losses, the latest selloff scare was over. The most recent decline in the S&P 500 marks the third time in six months that the market has looked wobbly and threatened a significant reversal. The spread has since widened by more than 100 basis points,...

  • DALLAS, Oct 2- Up to 100 people may have had direct or indirect contact with the first person diagnosed with the deadly Ebola virus in the United States, and four people have been quarantined in a Dallas apartment, health officials said on Thursday. Dallas County officials said 12 to 18 people had direct contact with the patient, who flew to Texas from Liberia via...

  • Dallas County officials said 12 to 18 people had direct contact with the Texas patient, and they in turn had contact with scores of others. A top health official urged U.S. hospitals to heed lessons from Dallas, where the hospital initially sent the ailing patient home, despite information that he had recently visited West Africa, potentially exposing more...

  • Brown, a crusader against the role that Wall Street banks play in commodity markets, warned that Congress would write new laws if the CFTC and foreign regulators were unable to fix what he called "ongoing irregularities" in the market.

  • *Medicaid expansion key part of Obama's healthcare reform. Up to a dozen states, including several led by Republicans, could move forward with plans to expand coverage under Medicaid after the November elections. Texas Governor Rick Perry once said expanding Medicaid would be similar to "adding a thousand people to the Titanic."

  • Companies like Whirlpool and Caterpillar are making costly additions to their otherwise sinewy supply chains to compensate for aging U.S. roads that are too potholed and congested for "just in time" delivery. Whirlpool, for instance, has set up a network of secure drop lots outside Chicago, Milwaukee and Minneapolis.

  • Obama tries Reagan touch on economy, but wages weigh Monday, 22 Sep 2014 | 1:00 AM ET

    WASHINGTON, Sept 22- President Barack Obama, stumping for the Democrats ahead of November's congressional elections, has twice invoked Ronald Reagan's seminal campaign question: "are you better off than you were four years ago?"

  • Bank of Montreal is sued over Tom Petters' Ponzi scheme Thursday, 18 Sep 2014 | 6:58 PM ET

    Sept 18- Bank of Montreal was sued on Thursday by a trustee liquidating two Florida funds that claimed to have lost money in a Ponzi scheme operated by Minnesota businessman Thomas Petters.

  • WASHINGTON, Sept 18- U.S. House of Representatives Speaker John Boehner on Thursday expressed his dissatisfaction with a chronically high jobless rate and complained of a "very sick idea" that the unemployed would "rather just sit around."

  • Sept 17- Department store operator Kohl's Corp said it is hiring more than 67,000 workers for the holiday selling season, about 34 percent more than what it recruited last season. The Menomonee Falls, Wisconsin- based retailer had hired about 50,000 seasonal employees for the 2013 holiday season.

  • *FOB soybean offers for October/November shipments fell 7 cents to 173/ 163 cents over CBOT November futures, tracking weaker nearby CIF values- which fell about 25- 30 cents a bushel this week- ahead of the expected record harvest.

  • WASHINGTON, Sept 16- U.S. lawmakers are considering proposals to deal with a rising number of U.S. companies reincorporating overseas to slash their tax bills.

  • WASHINGTON, Sept 11- U.S. corn and soybean production in 2014, already pegged at record highs, will be higher than expected a month ago and somewhat above trade expectations, the U.S. government said on Thursday, triggering a swift drop in Chicago grain markets.

  • NEW YORK/ LOS ANGELES, Sept 4- U.S. fast-food workers staged protests in some 150 cities on Thursday in a fight for higher pay, and organizers said more than 450 were arrested from Manhattan's Times Square to Los Angeles. About 400 protesters clogged Times Square during morning rush hour in the latest of ongoing actions aimed at raising their wage to $15 an hour.

  • CALGARY, Alberta, Aug 21- Enbridge Inc, Canada's largest pipeline company, might be able to circumvent a delay in U.S. approvals for plans to nearly double the size of its Alberta Clipper line taking oil sands crude to the Midwest, saying it can put the oil in another pipeline to cross the border.

  • FOND DU LAC, Wis., Aug 20- Glenn Grothman is a fiery conservative who wants to slash welfare programs and crack down on illegal immigrants who he says will "destroy" America. And if U.S. House Speaker John Boehner wants to keep his job next year, he had better be sure Grothman and his fellow House of Representatives newcomers are happy.

  • Aug 20- Departures and primary losses for 28 Republicans in the U.S. House of Representatives have created opportunities for a new wave of conservative and Tea Party- backed candidates. The Republican nominee to replace him is Gary Palmer, a fund raiser for a conservative think tank in Alabama who is backed by the anti-tax group Club for Growth.