Business News


  • NH Gov: $13.8 million surplus at fiscal year end Wednesday, 10 Oct 2012 | 3:53 PM ET

    John Lynch said Wednesday that New Hampshire is in pretty good financial shape after achieving a $13.8 million budget surplus in the fiscal year that ended June 30.

  • *CEO of bankrupt oil firm charged in tax case Wednesday, 10 Oct 2012 | 3:52 PM ET
  • Pa. DEP issues permit for gas-fired power plant Wednesday, 10 Oct 2012 | 3:51 PM ET

    HARRISBURG, Pa.-- The Pennsylvania Department of Environmental Protection has issued a permit for a new electric power plant that will be supplied at least partly with locally produced natural gas from the Marcellus Shale.

  • Down economy exacerbating US town dissolutions Wednesday, 10 Oct 2012 | 3:50 PM ET

    Carmen Wilkerson ran for mayor of St. George with one clear goal in mind for the tiny Missouri town: Get rid of it. In 2008, St. George _ known as a local speed trap _ had spent $200,000 more than it took into its coffers, according to county records. In its budget woes, St. George is far from alone.

  • UPDATE 8-EADS, BAE call off world's biggest arms merger Wednesday, 10 Oct 2012 | 3:50 PM ET

    *Sources said Germany opposed the $45 billion aerospace merger. PARIS/ BERLIN/ LONDON, Oct 10- EADS and BAE Systems called off the world's largest defence and aviation merger on Wednesday, and pinned the blame on Germany for wrecking the $45 billion deal.

  • By Tim McLaughlin and Toni Clarke and Aaron Pressman. BOSTON, Oct 10- Ameridose LLC, a private company that mixes drugs for hospitals nationwide, sought on Wednesday to distance itself from the firm at the center of a deadly U.S. outbreak of fungal meningitis, even though the two pharmacies have common owners.

  • Oct 10- Sandstorm Gold Ltd:. *National Bank Financial cuts Sandstorm Gold Ltd price target to C $15. Reuters Station users, click. 1568.

  • News Summary: $45 billion aerospace deal grounded Wednesday, 10 Oct 2012 | 3:49 PM ET

    In the end, it was the reluctance of governments in Germany, Britain and France that led to the demise of the $45 billion deal that would have combined Britain's BAE Systems, with EADS NV, of Germany and France. Questions were also raised about what the deal would do to the delicate balance that Germany and France have achieved in EADS after years of bickering.

  • TEXT-Fitch rates NSTAR Electric snr unsecured notes 'A+' Wednesday, 10 Oct 2012 | 3:49 PM ET

    Oct 10- Fitch Ratings has assigned an' A+' rating to NSTAR Electric's $400 million issuance of 2.375% senior unsecured notes due Oct. 15, 2022. The Rating Outlook for NSTAR Electric is Stable.

  • BAE's U.S. unit to keep looking for M&A opportunities Wednesday, 10 Oct 2012 | 3:47 PM ET

    WASHINGTON, Oct 10- The U.S. unit of Britain's BAE Systems Plc on Wednesday said it will continue to pursue future merger and acquisition opportunities after the collapse of the company's merger talks with Europe's EADS.

  • Oct 9- Inrix Inc, which provides road traffic data, is working with Goldman Sachs Group Inc and JPMorgan Chase& Co to help it file for an initial public offering likely next year, the Wall Street Journal reported.

  • Obama campaign: Romney dishonest on abortion Wednesday, 10 Oct 2012 | 3:44 PM ET

    WASHINGTON, Oct 10- The Obama campaign on Wednesday said Mitt Romney's most recent comments on abortion were examples of the Republican presidential candidate's dishonesty and deception.

  • Repsol A Coruna refinery fire extinguished Wednesday, 10 Oct 2012 | 3:44 PM ET

    MADRID, Oct 10- A fire burned for an hour and a half before being extinguished at a Repsol refinery in the northern Spanish city of A Coruna, the company said on Wednesday. A Repsol spokesman said it was not clear yet how production was affected by the fire, and that the cause is under investigation.

  • PIMCO's flagship fund trims Treasury, mortgage holdings Wednesday, 10 Oct 2012 | 3:42 PM ET

    NEW YORK, Oct 10- Bill Gross's PIMCO Total Return Fund, the world's largest mutual fund, trimmed its exposure to mortgage securities and U.S. government debt in September after the U.S. PIMCO, Pacific Investment Management Co, which had $1.82 trillion in assets as of June 30, noted on its website that the flagship fund's holdings of government debt include U.S.

  • "This outbreak began at a compounding pharmacy and the FDA has very limited authority over what these facilities produce," said an official from the U.S. Department of Health and Human Services, who spoke on condition of anonymity because of ongoing public health investigations.

  • AuRico Gold selling Ocampo mine, Orion stake Wednesday, 10 Oct 2012 | 3:41 PM ET

    NEW YORK-- Shares of AuRico Gold surged more than 17 percent on Wednesday, as the Canadian gold mining company announced that it is selling the Ocampo mine, adjacent exploration projects and half of the Orion development project for $750 million.

  • Tech standards body diluting Web privacy - EU official Wednesday, 10 Oct 2012 | 3:41 PM ET

    BRUSSELS, Oct 10- Internet standard-setters are watering down a tool that is supposed to help Web users hide their data from companies, the EU's Internet chief, Neelie Kroes, will say on Thursday. When a Web user' likes' something on Facebook or reads an online newspaper, a dozen or more companies are squirreling away data on their tastes, habits, gender and age.

  • Sector Snap: Auto parts retailers downgraded Wednesday, 10 Oct 2012 | 3:40 PM ET

    NEW YORK-- Shares of auto parts retailers declined Wednesday after Sterne Agee& Leach downgraded Penske Automotive Group and Group 1 Automotive Inc., after their stock had gained value for months. Group 1 shares lost $1.34, or 2.1 percent, to $63.04 in afternoon trading and Penske stock lost 86 cents, or 2.7 percent, to $31.

  • on Wednesday sold $500 million notes in the 144 a private placement market, said IFR, a Thomson Reuters service. Barclays Capital, Deutsche Bank and US Bancorp were the joint bookrunning managers for the sale.

  • LOS ANGELES, Oct 10- CBS on Wednesday axed its new legal drama "Made in Jersey" after just two episodes, in the first cancellation of the new U.S. television season. But poor reviews and lower audiences for the second episode caused CBS to pull the new show from its schedule. CBS, owned by CBS Corp, has long been the most-watched of the four leading U.S.