Business News


  • Union council urges Detroit strikers back to work Monday, 1 Oct 2012 | 4:50 PM ET

    DETROIT-- Union leaders want striking Detroit Water and Sewerage workers to comply with a judge's order and go back on the job. Despite the request, Michigan AFSCME Council 25 President Al Garrett says Monday in a release that the union understands "the frustration felt by the hard working men and women in the water department."

  • Oct 1- Premier Gold Mines Ltd:. *Announces $58.5 million bought deal public offering of common shares and. *Bought deal offering of 6.6 million common shares at $6.08 per common share.

  • BRIEF-Moody's rates Darden Restaurants notes Baa2 Monday, 1 Oct 2012 | 4:50 PM ET

    Oct 1- Darden Restaurants Inc:. *Moody's assigns baa2 to darden's proposed approx. $300 mm sr. notes, existing.

  • Fisker looking to form alliances to share costs Monday, 1 Oct 2012 | 4:49 PM ET

    DETROIT-- Electric car maker Fisker Automotive is talking with other car companies about sharing parts and technology. The company, based in Anaheim, Calif., is also preparing for a public offering of stock that would help it raise money for new vehicles, Fisker's new CEO Tony Posawatz said Monday during a speech to the Automotive Press Association.

  • Caterpillar plans late-year shutdown in Decatur Monday, 1 Oct 2012 | 4:49 PM ET

    DECATUR, Ill.-- Days after saying it is worried about the slow pace of the global economy Caterpillar Inc. says it will shut down parts of its operations in Decatur for a week in November and all of December as demand for some products drops.

  • Oct 1- EverBank Financial Corp:. *Acquires and integrates Business Property Lending, Inc. *Final purchase price was $2.41 billion in cash. no debt was assumed in the.

  • Oct 1- Darden Restaurants Inc. on Monday sold $450 million of senior notes, said IFR, a Thomson Reuters service. AMT $450 MLN COUPON 3.35 PCT MATURITY 11/ 1/ 2022 TYPE SR NTS ISS PRICE 98.828 FIRST PAY 5/ 1/ 2013 MOODY'S Baa2 YIELD 3.37 PCT SETTLEMENT 10/ 4/ 2012 S&P TRIPLE-B SPREAD 175 BPS PAY FREQ SEMI-ANNUAL FITCH TRIPLE-B MORE THAN TREAS MAKE-WHOLE CALL 30 BPS.

  • *Alberta premier sees "a lot of benefit" for province. OTTAWA, Oct 1- The premier of the oil-rich province of Alberta said she sees benefits from the proposed $15.1 billion sale of Canadian oil producer Nexen Inc to a Chinese state-owned company, but a survey published on Monday showed half the country's executives would oppose a no-strings deal.

  • Weather helps rapid pace of SD row crop harvest Monday, 1 Oct 2012 | 4:48 PM ET

    SIOUX FALLS, S.D.-- Agriculture officials say ideal weather conditions in South Dakota have pushed the row crop harvest far ahead of last year's pace and the five-year average. The U.S. Department of Agriculture says in its weekly crop report that 55 percent of corn for grain has been harvested, ahead of the five-year average and last year's mark of 6 percent.

  • Correction: Private Sector Retirement story Monday, 1 Oct 2012 | 4:47 PM ET

    SACRAMENTO, Calif.-- In a story Sept. 28 about a state-run retirement program for private-sector workers in California, The Associated Press reported erroneously that the California Secure Choice Retirement Savings Program would be administered by a seven-member board.

  • Oct 1- MPG Office Trust Inc:. *Disposition of 2 California plaza; relieved of obligation to repay $470. million mortgage loan secured by property.

  • News Summary: FTC issues revised Green Guides Monday, 1 Oct 2012 | 4:46 PM ET

    GREEN UPDATES: The Federal Trade Commission issued its first formal revision since 1998 to the Green Guides, its green marketing guidelines that hold companies to truthful standards in marketing their products.

  • *To offer $1.35 billion of senior convertible debentures. *To use up to $600 million of proceeds to buy shares of common stock. $150 million principal amount of debentures.

  • Oct 1- West Pharmaceutical Services Inc:. *Increases quarterly dividend to $0.19. *Says approved an increase of one cent per share in the company's quarterly.

  • Oct 1- Internet Patents Corp:.

  • CANADA STOCKS-TSX gains on upbeat U.S. data Monday, 1 Oct 2012 | 4:45 PM ET

    TORONTO, Oct 1- Canada's main stock index rose moderately on Monday, after seeing a one-week high, as signs of economic weakness in Asia and evidence of a new recession in the euro zone tempered optimism over better-than-expected U.S. data. Federal Reserve and the European Central Bank.

  • Oct 1- Urstadt Biddle Properties Inc:. *Announces offering of 2,500,000 shares of class a common stock. *To use proceeds for general corporate purposes, may include repayment of.

  • *BRIEF-Epoch increases quarterly dividend Monday, 1 Oct 2012 | 4:45 PM ET
  • Fewer than 1 percent of in-store sales tied to brand advertising campaigns on Facebook come from people who clicked on an ad, according to a new study that Facebook has conducted through a partnership with Datalogix, a data mining firm that tracks real-world retail sales.

  • BRIEF-Somerset Hills Bancorp names CFO Monday, 1 Oct 2012 | 4:44 PM ET

    Oct 1- Somerset Hills Bancorp:. *Announces that Alfred J. Soles will become Chief Financial Officer. *Says soles was most recently a managing director for Finance at blackrock,.