Latest Business News Wires - Business Headlines


  • Miss. mortgage software firm FNC to add 100 jobs Tuesday, 30 Oct 2012 | 8:11 PM ET

    OXFORD, Miss.-- A Mississippi software firm will add at least 100 jobs thanks to a Brazilian contract. It was founded by four University of Mississippi professors. Phil Bryant spoke at the Oxford ceremony announcing the expansion, but the state did not provide incentives, officials said.

  • *Deal is half cash, half stock. Oct 30- Walt Disney Co said on Tuesday that it had agreed to buy film maker George Lucas's Lucasfilm Ltd and the ``Star Wars'' franchise for $4.05 billion in cash and stock. Lucas, a Hollywood icon known for exercising control over the most minute details of the fictional universe he created, will remain as a creative consultant.

  • WASHINGTON, Oct 30- Fannie Mae and Freddie Mac on Tuesday extended their disaster-relief policies to borrowers whose homes were damaged by Hurricane Sandy.

  • Oct 30- Walt Disney Co said it agreed to buy film maker George Lucas's Lucasfilm Ltd for $4.05 billion.

  • NEW YORK, Oct 30- The euro rallied against the dollar and yen on Tuesday after data showed the Spanish economy contracted slightly less than expected in the third quarter and Italy's borrowing costs fell at a sale of five- and 10- year debt.

  • UPDATE 3-Mexico's Cemex to join clean energy fund Tuesday, 30 Oct 2012 | 8:00 PM ET

    MEXICO CITY, Oct 30- Mexican cement maker Cemex said on Tuesday it would join a clean energy fund that is expected to raise $300 million through a public offer of certificates on the Mexican stock exchange. In February, the Monterrey- based company said it planned to create an investment fund this year that would finance some $1 billion in energy projects.

  • LONDON, Oct 30- Gold prices were little changed on Tuesday as E uropean s tock markets rose and the dollar weakened, but moves were limited as New York markets remained closed due to Hurricane Sandy, and ahead of a key U.S. jobs report due later this week. Spot gold rose by just 0.6 cents to $1,7 09. 86 an ounce a t 3: 23 p.m. U. S. gold futures for December rose $3. 40 to $1,712. 1 0.

  • Oct 30- More than 7.3 million homes and businesses along the U.S. East Coast were still without power Tuesday afternoon as the remnants of Hurricane Sandy continued to move across western Pennsylvania. Sandy made landfall in New Jersey Monday night.

  • Oct 30- U.S. Steel Corp, the top steel producer in the United States by volume, warned that its current quarter would be hurt by the global slowdown, joining rivals Nucor Inc and AK Steel Holding Corp in forecasting weak results.

  • NEW YORK, Oct 30- Residents of lower Manhattan faced up to four days without power on Tuesday as Consolidated Edison, New York City's power provider, scrambled to repair the damage wrought by Hurricane Sandy.

  • DETROIT, Oct 30- Sergio Marchionne, chief executive of both Fiat SpA and Chrysler Group LLC, said he wants to bring ``unification'' of the two automakers by 2015.. ``The objective has always been to try and bring unification by 2014 or 2015,'' Marchionne said on a conference call on Tuesday. ``I'd still like to see that done.''.

  • HERZLIYA, Israel, Oct 30- Lockheed Martin Corp said on Tuesday that it was making progress on resolving technical issues facing the cutting-edge helmet being developed for use by F-35 fighter pilots, and it cited positive initial reports from night flight tests of the system.

  • *Denies report of Opel talks. MILAN, Oct 30- Fiat sharply cut its group targets for the next two years on Tuesday, saying languishing sales in austerity-hit Europe may mean its trading profit in 2014 is a third lower than it targeted two years ago.

  • NEW YORK, Oct 30- U.S. gasoline and heating oil futures slid on Tuesday, pulling back from pre-Hurricane Sandy gains as several key East Coast refineries and pipelines restored operations and traders bet on an enormous hit to demand for fuel.

  • *Saks, Macy's hope to open in New York City on Wednesday. *Wal-Mart says holiday plans intact. Luxury department store Saks Inc said it would reopen on Tuesday three of the stores that it had to close because of Sandy, including stores in greater Washington and Philadelphia.

  • Oct 30- DineEquity Inc, the owner of Applebee's and IHOP restaurant brands, on Tuesday reported third-quarter earnings that beat Wall Street expectations, helped by a gain on the sale of restaurants to franchisees. In recent weeks, chains such as McDonald's Corp, Chipotle Mexican Grill Inc and Buffalo Wild Wings Inc have posted disappointing results.

  • UPDATE 1-Argentina vows never to pay "vulture funds" Tuesday, 30 Oct 2012 | 6:57 PM ET

    *Argentina to fight judicial decision. BUENOS AIRES, Oct 30- Argentina's economy minister blasted a U.S. court ruling that would force the country to repay creditors who have sued to collect on defaulted Argentine bonds, saying the country will never pay the ``vulture funds.''.

  • WASHINGTON, Oct 30- Fannie Mae and Freddie Mac on Tuesday extended their disaster-relief policies to borrowers whose homes were damaged by Hurricane Sandy.

  • BERLIN, Oct 30- Global economic recovery remains uncertain, making budget and structural reform necessary to revive growth, Germany said in a joint statement with the IMF and OECD on Tuesday.

  • *Fourth-quarter charge of $900 million to $1.1 billion. Oct 30- Dow Chemical Co will take a fourth-quarter charge of as much as $1.1 billion related to last week's announcement that it will close 20 plants, write down the value of its lithium ion battery business and lay off thousands of workers.