Latest Business News Wires - Business Headlines


  • Xoma prices stock offering at $3, a 7 pct discount Wednesday, 24 Oct 2012 | 4:05 PM ET

    BERKELEY, Calif.-- Shares of Xoma Corp. slid Wednesday after the biotechnology company said that it will sell 13.3 million shares of its common stock at $3 per share, a 7 percent discount to its closing price of $3.22 on Tuesday. Xoma anticipates proceeds of roughly $36.9 million from the offering.

  • JERUSALEM, Oct 24- Mobileye, which makes technology to help drivers, expects sales to more than double every year for the next few years as car manufacturers look to offer more safety features and self-drive cars gain in popularity.

  • Judge: Venezuela notes lawsuit should stay in Ohio Wednesday, 24 Oct 2012 | 4:03 PM ET

    COLUMBUS, Ohio-- Ohio is the appropriate forum for an investors' lawsuit seeking to collect $100 million on three-decade-old Venezuelan promissory notes, despite concerns over document translation and witness transportation, a federal judge ruled.

  • Ohio's economic picture offers political dilemma Wednesday, 24 Oct 2012 | 4:03 PM ET

    John Kasich warned Wednesday of an economic slowdown happening in the swing state ahead the presidential election, even as Huntington bank announced it is bringing 250 jobs to Ohio.

  • *NHL dispute puts sales for small businesses on ice Wednesday, 24 Oct 2012 | 4:02 PM ET
  • WR Grace 3Q profit drops, results top expectations Wednesday, 24 Oct 2012 | 3:59 PM ET

    COLUMBIA, Md.-- W.R. Grace& Co.' s third quarter earnings fell 7 percent, as foreign exchange rates and weaker demand in developed economies hurt the chemical maker's revenue. The Columbia, Md., company said Wednesday it earned $75.5 million, or 99 cents per share, in the three months that ended Sept. 30.

  • Entegris COO to appointed as next CEO Wednesday, 24 Oct 2012 | 3:59 PM ET

    BILLERICA, Mass.-- Entegris Inc. said Wednesday that its chief operating officer will become CEO next month as its chief executive steps aside. Gideon Argov, Entegris' current CEO, will step down Nov. 27, when Loy will officially become CEO.

  • FOREX-Euro slips after weak German data; Fed awaited Wednesday, 24 Oct 2012 | 3:57 PM ET

    Losses in the euro were limited after Greece's finance minister said Athens had been given additional time by international lenders to impose its austerity cuts, an assertion played down by leading EU officials.

  • Tony NYC suburb welcomes NJ's first pot dispensary Wednesday, 24 Oct 2012 | 3:57 PM ET

    MONTCLAIR, N.J.-- Across New Jersey, most communities approached about hosting one of the state's first legal medical marijuana dispensaries in out-of-the-way industrial zones have just said no, after outpourings of public opposition.

  • Chief: Texas' battered $3B cancer effort endures Wednesday, 24 Oct 2012 | 3:55 PM ET

    AUSTIN, Texas-- An embattled $3 billion cancer-fighting fund in Texas will recover from a controversy that led two Nobel laureates and others to resign over allegations that politics trumped science in spending decisions, state officials told stakeholders Wednesday.

  • *Citi, Yahoo, AIG examples show more aggressive boards. NEW YORK, Oct 24- In the summer of 2011, Yahoo Inc's board decided enough was enough. So, the board held a final meeting in Los Angeles, away from Yahoo's Silicon Valley headquarters, to review the company's progress, a source familiar with the matter said.

  • Dice Holdings shares jump on 3rd-quarter results Wednesday, 24 Oct 2012 | 3:52 PM ET

    NEW YORK-- Dice Holding Inc.' s shares soared in trading Wednesday after the career website company reported that its third-quarter net income jumped 18 percent and issued a better-than-expected outlook for the year.

  • News Summary: BBC scandal taints incoming NYT boss Wednesday, 24 Oct 2012 | 3:51 PM ET

    THE NEWS: The child abuse scandal that has enveloped one of Britain's most recognized news organizations is now hitting one of America's, as the incoming president of The New York Times is on the defensive about his final days as head of the BBC.

  • Barclays faces Libor claim in landmark UK court case Wednesday, 24 Oct 2012 | 3:47 PM ET

    *Preliminary hearing in High Court on Monday. LONDON, Oct 24- Barclays will face on Monday the first claim for damages stemming from manipulation of the Libor interest rate in a landmark case before Britain's High Court that could have major implications for all UK banks.

  • Pinnacle Entertainment 3Q loss narrows, shares up Wednesday, 24 Oct 2012 | 3:43 PM ET

    LAS VEGAS-- Shares of Pinnacle Entertainment hit annual highs Wednesday after the casino operator halved its losses for the third quarter and beat Wall Street expectations. Pinnacle Entertainment Inc. owns and runs a total of seven casinos, in Louisiana, Missouri, and Indiana, as well as a racetrack in Ohio.

  • Auction of Schilling's 38 Studios assets drew 1000 Wednesday, 24 Oct 2012 | 3:41 PM ET

    PROVIDENCE, R.I.-- More than 1,000 people registered to bid on the remnants of former Red Sox pitcher Curt Schilling's failed video game company during an auction in Providence, R.I.. Bidding stretched nearly 12 hours Tuesday, wrapping up around 10 p.m. The Rhode Island Economic Development Corp. says about 95 percent of the items were sold.

  • Cash pulled from stock funds 13th straight week Wednesday, 24 Oct 2012 | 3:38 PM ET

    WASHINGTON-- Investors withdrew money from stock mutual funds for the 13th consecutive week during the period ended Oct. 17, although cash was pulled out at a slower pace than during previous weeks. Investors withdrew a net $1.4 billion from U.S. stock funds, the Investment Company Institute said in a preliminary report Wednesday.

  • *Says not aware of China- Canada quid pro quo talks. OTTAWA, Oct 24- Canadian Finance Minister Jim Flaherty said on Wednesday he knew of no direct talks between Canadian and Chinese officials about making approval of CNOOC Ltd's bid for Nexen Inc conditional on the approval of Canadian deals in China.

  • Cocoa falls on plentiful supplies, demand worries Wednesday, 24 Oct 2012 | 3:35 PM ET

    Now, there are reports of good production in the Ivory Coast and Nigeria while the harvest is progressing in West Africa, said Jack Scoville, vice president of Price Futures Group. In other trading, most commodity prices were lower after more disappointing economic news from Europe outweighed a positive report on China's manufacturing sector.

  • US suit alleges 'brazen' fraud at Countrywide Wednesday, 24 Oct 2012 | 3:33 PM ET

    The suit, filed Wednesday by the top federal prosecutor in Manhattan, also underscored how Bank of America's purchase of Countrywide in July 2008, just before the financial crisis, backfired severely. He also charged that Bank of America has resisted buying back soured mortgages from Fannie Mae and Freddie Mac, which bought loans from Countrywide.