Latest Business News Wires - Business Headlines


  • SAN FRANCISCO, Nov 2- Two weeks before a high-stakes trial pitting Google's Motorola Mobility unit against Microsoft, Google made what has become a common request for a technology company fighting for billions of dollars: A public court proceeding, conducted largely in secret.

  • SALT LAKE CITY, Nov 2- The U.S. ``Unemployment is, and should be, a central focus of monetary policy right now,'' San Francisco Fed President John Williams said in remarks prepared for delivery to a group of community leaders here. ``We have substantial scope to use monetary policy to stimulate the economy without creating too much upward pressure on prices.''.

  • FAA recommends inspections of some airline seats Friday, 2 Nov 2012 | 6:23 PM ET

    WASHINGTON-- Federal regulators are recommending that airlines inspect certain seats after similar ones came loose on recent American Airlines flights. The Federal Aviation Administration on Friday recommended that operators examine 11 types of seats made by Weber Aircraft LLC because they may be installed incorrectly.

  • *Traffic on Manhattan bridges, tunnels down 48 pct vs normal. NEW YORK, Nov 2- The lines of New York area motorists scrambling for gasoline lengthened on Friday, as a third day of ``panic buying'' intensified even as pipelines and oil tankers resumed limited shipments. Two New Jersey refineries were still shut, with reports of severe damage at one.

  • *Waiver lasts through Nov. 13. WASHINGTON, Nov 2- The U.S. government issued a rare waiver on Friday allowing foreign tankers from the Gulf of Mexico to supply the Northeast with fuel after Hurricane Sandy, but the extent of relief was uncertain since some ports in the region still lack power.

  • *Third-quarter adjusted earnings $0.44, beat estimates by 5 cents. The maker of specialty components for energy, transportation and manufacturing said it had earned $73.0 million, or 78 cents per share, in the third quarter, compared with $108.5 million, or $1.17 per share, a year earlier.

  • *U.S. grants Jones Act waivers to ease East Coast crunch. Gasoline futures weakened as oil tankers and pipelines supplying New Jersey and the New York Harbor- the delivery point for the U.S. contract- restored more operations that had been roiled by Sandy.

  • Ryman Hospitality declares special dividend Friday, 2 Nov 2012 | 6:06 PM ET

    NASHVILLE, Tenn.-- Ryman Hospitality Properties Inc. announced Friday that it will issue a special dividend as part of its plans to convert to a real estate investment trust next year. "The special dividend brings us one step closer to completing our conversion to a REIT effective Jan. 1," Colin Reed, chairman, CEO and president of Ryman, said in a statement.

  • FDA OKs expanded uses for Xarelto blood thinner Friday, 2 Nov 2012 | 6:04 PM ET

    NEW YORK-- Johnson& Johnson's Xarelto received an expanded indication as the Food and Drug Administration approved the blood thinner to treat and prevent deep vein thrombosis and pulmonary embolism.

  • Nov 2- The number of filling stations in New York City, Long Island and New Jersey that were still operating after Hurricane Sandy remained below 40 percent on Friday, with little sign of improvement from a day ago, AAA data showed. ``We have seen some stations open as power is restored, but other stations have closed after running out of gas.

  • Fuel economy errors affect 13 Kia, Hyundai models. The U.S. Environmental Protection Agency found the errors in 13 Kia and Hyundai models from the 2011 to 2013 model years.

  • HILLIARD, Ohio, Nov 2- President Barack Obama blasted Republican rival Mitt Romney on Friday for running an ad that falsely suggested Jeep was moving production to China, accusing his opponent of stretching the truth to scare voters in the final days of the campaign.

  • *Profit of 62 cents a share exceeds Wall St view of 55 cents. *Investigating business practices in India. Nov 2- Beam Inc posted a bigger-than-expected third-quarter profit on Friday, helped by strong demand for its bourbon, and said it still expected earnings to grow at a low double-digit percentage rate this year.

  • NEW YORK, Nov 2- Nearly two-thirds of all the service stations in New York City and New Jersey remain shut, due mostly to a lack of power following Hurricane Sandy, the AAA said on Friday in data that showed little improvement from a day ago.

  • Industry data published on Friday showed that France incurred its 12th straight monthly decline in new car registrations, while demand in Spain continued to plummet.

  • *Profit ex-items $2.55/ share, misses $2.83 analysts' view. Increasing output from the wellhead is a struggle for many big oil companies, including Exxon Mobil Corp and Royal Dutch Shell.

  • SAN FRANCISCO, Nov 2- Two weeks before a high-stakes trial pitting Google's Motorola Mobility unit against Microsoft, Google made what has become a common request for a technology company fighting for billions of dollars: A public court proceeding, conducted largely in secret.

  • NEW YORK, Nov 2- Prices of long-dated U.S.

  • ATHENS, Nov 2- The Greek journalist put on trial for publishing a list of Swiss bank account holders accused Greece's political and business elite on Friday of trying to muzzle the press to cover up chronic corruption.

  • *Nebraska, Colorado among states with badly depleted soil moisture. *Driest summer on record for Nebraska, preliminary data says. Indeed, Nebraska recorded the driest June, July and August on record and the third-driest September ever, according to preliminary data from the National Climatic Data Center.

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