U.S. cancer drug company Medivation is discussing opening its books to Sanofi, people familiar with the matter said on Tuesday. » Read More
HONOLULU-- An investigation into why Honolulu International Airport security officers failed to screen some checked bags for explosives says the slip-up might not have happened if Transportation Security Administration supervisors did a better job of overseeing the officers.
NEW YORK-- Shares of Cummins Inc. tumbled ahead of Wednesday's market opening after the engine maker cut its revenue guidance for the year and announced plans to eliminate up to 1,500 jobs. The Columbus, Ind. company said late Tuesday that it now expects its 2012 revenue to total about $17 billion, down from its previous prediction of $18 billion.
NEW YORK-- Investors are driving up shares of FedEx Corp. after the world's second-largest package delivery company promised to boost profits by shedding jobs, aircraft and underused assets. FedEx plans to boost profit by $1.7 billion within three years. Express is where FedEx got its start in 1971, and is still the company's biggest segment by far.
OLYMPIA, Wash.-- Washington liquor sales are showing signs of continued strength after the state moved to a privatized system. Washington voters approved the privatization shift last year, and private liquor sales began in June.
PRAGUE-- The Czech government has proposed a constitutional amendment that aims to put a limit to public debt. Prime Minister Petr Necas says the amendment would cap debt at 60 percent of GDP.
LITTLE ROCK, Ark.-- Arkansas lawmakers began work Tuesday on crafting the state's budget for next year, nearing an election that could flip party control of the Legislature and amid unanswered questions about funding needs for schools and Medicaid.
SALT LAKE CITY-- Gas prices are going down in Utah, just as they are in 30 other states. AAA reports Tuesday that the average price of gas in Utah is $3.75 per gallon. Prices in Ogden and Salt Lake City are the lowest in the state at $3.71 per gallon, while prices in Moab and St. George are the highest at $3.86 per gallon.
KANSAS CITY, Mo.-- Belfonte Ice Cream is recalling two types of ice cream that contain peanut butter because of the potential of salmonella contamination. The ice cream was sold between April 2010 and October 2012 in retail and convenience stores in Missouri, Kansas, Oklahoma and Arkansas.
NASHVILLE, Tenn.-- Tennessee's tax collections have shown marginal growth in the second month of the budget year. Sales tax collections were $2.2 million less than the estimate for September, where combined franchise and excise taxes were $54.9 million above the budgeted estimate of $254.2 million.
LAS VEGAS-- Nevada's average gas price is $3.93 per gallon after northern city prices shot up in line with California and southern cities trailed far behind. AAA says Tuesday that some northern Nevada metropolitan areas supplied by California saw their fuel prices jump 24 cents in a single week.
FRANKLIN LAKES, N.J.-- Medical device maker Becton Dickinson& Co. says Chief Financial Officer David Elkins is leaving for another job, and named one of its executives as a temporary CFO while it searches for a replacement. Elkins, 44, has been with the Franklin Lakes, N.J., company since 2008. He will leave after Becton Dickinson reports financial results on Nov. 7.
Greenpeace said two other protesters were still hiding at another plant on the eastern coast. Fifty others scaled the outer fences of the Forsmark reactor site, Greenpeace said. "We still have two guys at the Forsmark site who have not been found," Greenpeace spokeswoman Birgitte Lesanner said. "
The Ohio Casino Control Commission reported Tuesday that combined wagers in September at casinos in Cleveland and Toledo were $331.8 million, down 5 percent from August's $349.6 million. Wagers dropped 9 percent in September at the Toledo casino to $152.9 million and dipped 1.5 percent in Cleveland to $178.7 million.
ST. PAUL, Minn.-- Minnesota's corn and soybean harvests are advancing well ahead of last year's pace as well as the five-year averages. In its weekly crop progress report, the U.S. Department of Agriculture said Tuesday that 95 percent of Minnesota's soybean crop was harvested by Sunday, compared with 69 percent last year and a 55 percent average.
Stocks are under pressure due to a forecast from the International Monetary Fund on Tuesday, which said that the global economy continues to weaken and that the recession in Europe could extend to developing nations. Shares of Alcoa are lower Wednesday after the aluminum maker cut its demand expectations for the year, largely because of a slowdown in China.
ROME-- Italian Premier Mario Monti's government has announced a cut in income taxes for low wage earners, an unexpected move aimed at easing the pain of austerity measures being enforced to reduce public debt.
LONDON-- British defense contractor BAE Systems PLC and its European counterpart EADS NV on Wednesday abandoned a proposed merger that would have created a global defense and aerospace giant.