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Latest Business News Wires - Business Headlines


  • In Latin America, incumbents increasingly dominate Thursday, 25 Oct 2012 | 8:21 AM ET

    CARACAS, Venezuela-- After four election wins, Venezuelan President Hugo Chavez is on track to completing at least 20 years in power, and supporters such as street bookseller Cristina Tovar say they're glad to have him in charge.

  • Bettman says full NHL season unrealistic Thursday, 25 Oct 2012 | 8:20 AM ET

    Speaking at a news conference Wednesday announcing the New York Islanders' move from Nassau Coliseum to Brooklyn's Barclays Center in 2015, Bettman seemed resigned to a shortened season with the NHL and the players' association still at odds after months of negotiations.

  • BEELAHERI, India, Oct 25,- India is shaking up the way it gets billions of welfare dollars to the poor with a plan that could one day reshape the economy and tackle graft keeping millions in poverty, but in one small town a pilot of the new system is proving unpopular.

  • PulteGroup returns to profit in 3Q, orders rise Thursday, 25 Oct 2012 | 8:18 AM ET

    BLOOMFIELD HILLS, Mich.-- Rising orders for new homes and rising prices hurtled PulteGroup back into a profitable third quarter, its best since before the real estate market crashed. PulteGroup, free of a hefty impairment charge it recorded last year, breezed past Wall Street expectations and the average selling price climbed 6 percent to $279,000.

  • *Q3 sales fall 19 pct to $6.68 bln vs consensus $6.75 bln. Core EPS $1.51 vs consensus $1.44; full-year outlook held. LONDON, Oct 25- AstraZeneca's sales slumped by a bigger-than-expected 19 percent in the third quarter, underscoring the challenges confronting the drugmaker's new chief executive, Pascal Soriot.

  • Ryan: Poverty winning in 'war on poverty' Thursday, 25 Oct 2012 | 8:16 AM ET

    CLEVELAND-- Republican vice presidential nominee Paul Ryan said Wednesday that, "in this war on poverty, poverty is winning" and he called for a retooled approach to help the 46 million people who are living in it.

  • European shares rise as China outlook helps lift miners Thursday, 25 Oct 2012 | 8:16 AM ET

    *China factory outlook boosts miners. *WPP, Daimler fall after earnings updates. LONDON, Oct 25- European stocks edged higher on Thursday led by miners after China said factory output was set to accelerate, but profit warnings hit WPP and Daimler.

  • Ball Corp. 3Q profit falls on plant closure costs Thursday, 25 Oct 2012 | 8:15 AM ET

    Can maker Ball Corp. said Thursday that its third-quarter net income fell 13 percent, hurt mainly by hefty costs related to the shutdown of plants in Ohio and Florida. Ball announced plans to shut down the plants in Ohio and Florida in August, part of a plan to consolidate its beverage can manufacturing business.

  • Carter's 3Q profit up as overseas business grows Thursday, 25 Oct 2012 | 8:15 AM ET

    Carter's earned $59.4 million, or 99 cents per share, compared with $34.4 million, or 58 cents per share, in the prior-year period. Revenue for the three months ended Sept. 29 climbed 5 percent to $668.7 million from $639.6 million, but missed Wall Street's estimate of $682.6 million.

  • Number of murdered Somali reporters grows to 16 Thursday, 25 Oct 2012 | 8:13 AM ET

    The irony for journalists is that Mogadishu, on the whole, is far safer than it was when the Islamist extremists, al-Shabab, controlled most of the city from 2007-2011. African Union troops forced al-Shabab out in August 2011, leading to less violence and a general revival of business, the arts and sports.

  • Union says Ford cutting 1,500 UK jobs Thursday, 25 Oct 2012 | 8:12 AM ET

    LONDON-- A union representing Ford workers says the company will cut 1,500 jobs in Britain, closing a transit van plant in Southampton and eliminating a stamping and tooling facility in east London.

  • Azerbaijan, Gaza, Ethiopia women win media awards Thursday, 25 Oct 2012 | 8:12 AM ET

    NEW YORK-- A columnist imprisoned under Ethiopia's controversial anti-terrorism laws, an Azerbaijani investigative radio reporter who had surveillance cameras planted in her apartment and a Palestinian blogger who has been beaten and tortured for reporting on abuses and protests in Gaza each received Courage in Journalism awards Wednesday from a women's media group.

  • Colo. fire destroys dozen homes; others evacuated Thursday, 25 Oct 2012 | 8:11 AM ET

    WETMORE, Colo.-- A wildfire that forced the evacuation of hundreds of people in and around a small southern Colorado town has damaged at least 14 homes, authorities said Wednesday. The 3 1/ 4- square-mile fire was burning near Wetmore, an unincorporated town in Custer County about 100 miles south of Denver.

  • Hong Kong shares close up 0.2 pct in 10th straight gain Thursday, 25 Oct 2012 | 8:11 AM ET

    HONG KONG, Oct 25- Hong Kong shares eked out a 10th straight gain on Thursday, with the rally that has taken the Hang Seng Index to 2012 highs showing signs of fatigue as investors took profits on outperformers.

  • Review: 'Skylanders Giants' bigger in every way Thursday, 25 Oct 2012 | 8:10 AM ET

    When I was a kid, my favorite toy was the Bag of Animals, an assortment of plastic critters gathered from various discount stores in my neighborhood. It was an unlikely mix of farm animals, wild beasts and the occasional monster, but I had the kind of imagination in which cows, lions and dragons all played for the same team.

  • Canadian theater mogul granted day parole Thursday, 25 Oct 2012 | 8:10 AM ET

    KINGSTON, Ontario-- Former Broadway theater mogul Garth Drabinsky has been granted day parole and will be released to a Toronto halfway house to serve the remainder of his sentence for fraud following an emotional hearing on Wednesday where he denied guilt and said he never should have been CEO.

  • Automatic spending cuts are issue in some races Thursday, 25 Oct 2012 | 8:09 AM ET

    LEESBURG, Va.-- In many ways, it's an odd topic to make a central campaign issue: sequestration. Many voters greet the word with a blank stare or slightly glazed eyes, and when Republican George Allen brings up the issue in his Senate campaign, he first has to explain what he's talking about.

  • Finland's Amer posts flat Q3 profit Thursday, 25 Oct 2012 | 8:08 AM ET

    HELSINKI-- Global sports equipment maker Amer Sports Corp., owner of brands such as Atomic, Salomon and Wilson, has posted virtually unchanged third-quarter profits as higher sales just offset higher costs and taxes.

  • Study: Aspirin may help treat some colon cancers Thursday, 25 Oct 2012 | 8:08 AM ET

    NEW YORK-- Aspirin, one of the world's oldest and cheapest drugs, has shown remarkable promise in treating colon cancer in people with mutations in a gene that's thought to play a role in the disease. Among patients with the mutations, those who regularly took aspirin lived longer than those who didn't, a major study found.

  • CPR less likely for minorities on street or home Thursday, 25 Oct 2012 | 8:06 AM ET

    CHICAGO-- People who collapse from cardiac arrest in poor black neighborhoods are half as likely to get CPR from family members at home or bystanders on the street as those in better-off white neighborhoods, according to a study that found the reasons go beyond race. The findings suggest a big need for more knowledge and training, the researchers said.