Business News


  • *Credit Suisse cuts Amedisys Inc to underperform from neutral; target.

  • Athene was placed on Rating Watch Negative on July 13, 2012 following the company's announcement that it would be acquiring Presidential Life Corporation, and its wholly owned subsidiary, Presidential Life Insurance Company.

  • FEMA individual aid hits $95 million for Isaac Tuesday, 2 Oct 2012 | 11:03 AM ET

    Homeowners and renters have received $78 million for housing assistance and $17 million for other types of aid, according to FEMA. FEMA spokesman Ray Perez provided the latest figures Monday. More than 191,000 people have registered for FEMA help.

  • Oil slightly lower on economic questions Tuesday, 2 Oct 2012 | 11:03 AM ET

    Benchmark oil dropped 28 cents Tuesday to $92.20 per barrel in New York. Brent crude, which is used to price international varieties of oil, fell 29 cents to $111.90 per barrel in London. At the pump, the national average for gasoline was unchanged at $3.78 per gallon, according to AAA, Wright Express and the Oil Price Information Service.

  • JOHANNESBURG, Oct 2- South Africa has agreed to guarantee $600 million in loans for troubled state airline South African Airways over the next two years, a move that could put further pressure on the government's strained budget.

  • Oct 2- Alimera Sciences Inc:. *Credit Suisse cuts Alimera Sciences Inc to underperform from. neutral; price target to $2.75 from $3.50.

  • Michigan awards grants for specialty crop projects Tuesday, 2 Oct 2012 | 11:02 AM ET

    LANSING, Mich.-- The Michigan Department of Agriculture and Rural Development has divided $1.3 million in federal money among a dozen groups for projects designed to boost competitiveness of the state's specialty crops. Michigan State University received $300,000 for six projects. The other grants were smaller, ranging from $22,000 to $75,000.

  • Berkshire Hathaway selling 2 short-line railroads Tuesday, 2 Oct 2012 | 11:01 AM ET

    OMAHA, Neb.-- Warren Buffett's company recently discovered it owns two short-line railroads that it must sell because of its 2010 acquisition of the Burlington Northern Santa Fe railroad.

  • Georgia Southern endorse athletics fees Tuesday, 2 Oct 2012 | 11:01 AM ET

    ATLANTA-- Georgia Southern University students have endorsed two new fees for athletics and the Georgia Board of Regents now must consider them. In a campus-wide referendum, 70 percent of the 9,400 students voting supported a $25 per-semester fee to expand Paulson Stadium.

  • Myers Industries completes deal for Jamco Products Tuesday, 2 Oct 2012 | 11:01 AM ET

    Myers said Jamco's annual sales total between $15 million and $18 million. Myers, based in Akron, Ohio, said Jamco's product lineup and relationships with industrial distributors complements its existing Akro-Mils business, whose products include plastic storage bins and metal carts, and is in line with the company's growth strategy.

  • Oct 2- Standard& Poor's Ratings Services said today that its ratings on Kraft Foods Group Inc.. ,including its' BBB' corporate credit rating and' A-2' short-term corporate credit and commercial paper ratings, remain unchanged following Mondelez International Inc.' s.

  • Oct 2- Aberdeen Asset Management PLC:. *RBC capital markets raises Aberdeen Asset Management Plc price target. Reuters Station users, click. 1580 ting sector perform.

  • Cell Therapeutics rises on orphan drug decision Tuesday, 2 Oct 2012 | 10:58 AM ET

    NEW YORK-- Shares of Cell Therapeutics Inc. jumped Tuesday after the company said the Food and Drug Administration awarded orphan drug incentives to its brain cancer drug Opaxio. Cell Therapeutics is studying Opaxio as a treatment for glioblastoma, the most common type of brain cancer.

  • Florida gets $9 million to study citrus disease Tuesday, 2 Oct 2012 | 10:58 AM ET

    ORLANDO, Fla.-- Florida is getting $9 million to study the citrus greening disease. The $9 million grant from the U.S. Department of Agriculture is going to the Citrus Research and Development Foundation in Lake Alfred, Fla.. By some estimates, it has cost Florida $3.6 billion in lost orange juice production and jobs.

  • US Fidelis president gets 8-year state prison term Tuesday, 2 Oct 2012 | 10:56 AM ET

    ST. CHARLES, Mo.-- The former president of US Fidelis has been sentenced to eight years in prison on state charges of stealing and fraud. Darain Atkinson was sentenced Monday in St. Charles. The 47- year-old co-founded the auto service contract seller with his 42- year-old brother, Cory Atkinson.

  • Boeing engineers union rejects contract offer Tuesday, 2 Oct 2012 | 10:56 AM ET

    SEATTLE-- Boeing Co.' s union of engineers and technical workers overwhelmingly rejected the aerospace giant's first contract offer in ballots tallied Monday night. Union leaders for the Society of Professional Engineering Employees in Aerospace, or SPEEA, had recommended that the union's 23,000 members say no to Boeing's four-year contract offer.

  • Founder closes in on Redrow bid as deadline nears Tuesday, 2 Oct 2012 | 10:56 AM ET

    LONDON, Oct 2- A consortium led by the founder and executive chairman of Redrow is in talks to raise its offer to buy out minority investors in the British housebuilder, as haggling continues ahead of a Thursday deadline.

  • T-Mobile USA, MetroPCS in talks over deal-sources Tuesday, 2 Oct 2012 | 10:56 AM ET

    FRANKFURT/ NEW YORK, Oct 2- Deutsche Telekom's. Deutsche Telekom declined to comment, while MetroPCS was not immediately available for comment.

  • --Northfield, Ill.- based Kraft Foods Inc. completed the pending spin-off transaction of its North American grocery business, Kraft Foods Group Inc.. Rating Action On Oct. 2, 2012, Standard& Poor's Ratings Services affirmed its ratings on Mondelez International Inc..

  • NEW YORK, Oct 2- Hedge fund manager David Einhorn again made critical comments about Green Mountain Coffee Roasters Inc, a stock in which he publicly unveiled a short position a year ago. Einhorn, one of the biggest draws at the Value Investing Congress in New York on Tuesday, said he would discuss four investment ideas.