Latest Business News Wires - Business Headlines


  • Hurricane Sandy grounds thousands of flights Sunday, 28 Oct 2012 | 11:59 AM ET

    According to the flight-tracking service FlightAware, 1,100 Sunday flights have been canceled as of Sunday afternoon, with more than 265 cancellations at Newark Airport, a hub of United Airlines.

  • Ukraine elects parliament amid violations claims Sunday, 28 Oct 2012 | 11:56 AM ET

    KIEV, Ukraine-- Ukraine's opposition parties alleged widespread violations in Sunday's parliamentary vote, seen as a test of President Viktor Yanukovych's commitment to democracy and European values.

  • Greek magazine publisher faces charges Sunday, 28 Oct 2012 | 11:42 AM ET

    ATHENS, Greece-- Police have arrested the publisher of a magazine that printed what is it says is a list of more than 2,000 Greek depositors at an HSBC bank in Switzerland.

  • NYC schools closed; some evacuations ordered Sunday, 28 Oct 2012 | 11:35 AM ET

    NEW YORK-- New York City announced the closings of it mass transit and school systems, both the nation's largest, and ordered residents to leave some low-lying areas Sunday ahead of the massive storm approaching the eastern third of the U.S.

  • SUDBURY, Ontario, Oct 28- In an office trailer parked outside a mine shaft in northern Ontario, operator Carolyn St-Jean leans back in her chair and monitors a machine loading nickel-rich ore into rail cars deep underground.

  • Former Israeli bank chairman indicted Sunday, 28 Oct 2012 | 10:53 AM ET

    JERUSALEM-- Israel's Justice Ministry has indicted the former chairman of a major bank on charges including aggravated fraud and money laundering. The suspicions against Danny Dankner, who served as chairman of Bank Hapoalim between 2007 and 2009, center on the lender's dealings with Turkey's BankPozitif.

  • NYC shutting transit Sunday night ahead of storm Sunday, 28 Oct 2012 | 10:35 AM ET

    NEW YORK-- New York City's transit service will suspend bus, subway, and commuter rail service in advance of the massive storm expected to hit the eastern third of the United States, Gov. Subways and trains will be suspended starting at 7 p.m. Sunday, with the last buses running at 9 p.m., Cuomo said.

  • HATTERAS ISLAND, N.C., Oct 28- Weather forecasters warned on Sunday that Hurricane Sandy will affect a large area of the U.S. East Coast but said it was too early to pinpoint where the storm, which has the potential to be the biggest to hit the mainland, would make landfall.

  • NYC subways shutting Sunday night ahead of storm Sunday, 28 Oct 2012 | 10:16 AM ET

    NEW YORK-- New York Gov. Andrew Cuomo has ordered New York City's transit service to suspend bus, subway, and commuter rail service in advance of the massive storm expected to hit the eastern third of the United States. Rainfall is expected to start late Sunday or early Monday in New York.

  • *Poland is EU's growth leader but lags on innovation. WARSAW, Oct 28 Reuters)- Polish scientist Miroslaw Grudzien built the infra-red detectors that NASA uses to explore Mars, but getting a business development loan nearly defeated him. Such stories are common in Poland.

  • FACTBOX-Major acquisitions in global grain trading Sunday, 28 Oct 2012 | 9:05 AM ET

    OCTOBER 2012- Archer Daniels Midland bids $2.8 billion for Australia's GrainCorp in a deal that could give it a platform to supply Asia. MARCH 2012- Glencore agreed to buy Canada's largest grain handler Viterra in a $6.2 billion deal to provide the world's top commodities trader with a powerful position in both the Canadian and Australian markets.

  • LONDON, Oct 28- A global race for grain trading power is putting more of the world's vital cereals in the hands of fewer companies, with a string of recent acquisitions raising fears that consumers will pay even more for their food, while farmers are squeezed.

  • Close race makes up for waning zeal in US expat vote Sunday, 28 Oct 2012 | 9:00 AM ET

    BERLIN, Oct 28- With the U.S. presidential election too close to call, hundreds of thousands of Americans living in Europe have been posting their absentee ballots with a sense that they could truly make a difference on Nov. 6.

  • Insurers nervous over prospect of Romney victory Sunday, 28 Oct 2012 | 7:57 AM ET

    WASHINGTON-- You'd think health insurance CEOs would be chilling the bubbly with Republican Mitt Romney's improved election prospects, but instead they're in a quandary.

  • An uneasy economy, and those living through it Sunday, 28 Oct 2012 | 7:55 AM ET

    CHARLOTTE, N.C.-- Here was Chas Kaufmann's life before the Great Recession: $28,000 in restaurant tabs in a year, cruises, house parties with fireworks. Now: "We mainly shop at Sam's Club and portion out our meals. We spend $4 to $5 a night on eating. "

  • Report: China premier's family denies huge wealth Sunday, 28 Oct 2012 | 5:40 AM ET

    BEIJING-- A Hong Kong newspaper says Chinese Premier Wen Jiabao's family has denied a report that it has amassed assets worth $2.7 billion. The New York Times reported Friday that most of the wealth was accumulated after Wen rose to high office in 2002.. The New York Times has said it stands by its story.

  • Germany: no to new Greek debt haircut Sunday, 28 Oct 2012 | 5:19 AM ET

    BERLIN-- Germany's finance minister has dismissed suggestions that governments and other public creditors could agree to a so-called haircut on their Greek debt holdings.

  • *New York and New Jersey area could be hit first. *Sandy may halt, flood New York City subway system. HATTERAS ISLAND, N.C., Oct 27- Hurricane Sandy closed in on the United States on Saturday as coastal communities along the East Coast scrambled to prepare for torrential rains, high winds, major flooding and power outages a week before the presidential election.

  • Ukraine votes with opposition leader in jail Sunday, 28 Oct 2012 | 3:16 AM ET

    Ukraine's relations with the West have soured over the jailing of Tymoshenko, which prompted the European Union to shelve a long-awaited partnership deal with Kiev. If the West turns a cold shoulder to Ukraine, Moscow is likely to court Kiev to create a greater economic and political alliance.

  • Washington; Writing by David Adams and Tom Brown; Editing by Will Dunham).