Latest Business News Wires - Business Headlines


  • Mass. homes sales remain healthy Thursday, 25 Oct 2012 | 12:47 AM ET

    BOSTON-- Two organizations that track the Massachusetts real estate market say sales of single family homes remained healthy in September in part because of stabilized prices. The Massachusetts Association of Realtors reported Thursday that sales were up nearly 3 percent from the same month last year, the 15th month of year-over-year increases.

  • UK lawmakers line up to host Richard III's tomb Thursday, 25 Oct 2012 | 12:46 AM ET

    No one is certain yet that remains dug up last month at a Leicester parking lot are those of the monarch immortalized by William Shakespeare for his willingness to trade his kingdom for a horse. Archaeologists found the bones beneath the site of the Grey Friars church in Leicester, central England.

  • RBS Financial agrees to $42M Nevada settlement Thursday, 25 Oct 2012 | 12:46 AM ET

    CARSON CITY, Nev.-- RBS Financial Products has agreed to pay a $42 million settlement to end an investigation of its role in buying and securitizing subprime mortgages that added to Nevada's housing meltdown.

  • Global markets fluctuate ahead of Apple Thursday, 25 Oct 2012 | 12:46 AM ET

    German industrial conglomerate BASF, consumer products company Unilever and Swiss bank Credit Suisse all enjoyed strong share price gains after their reports. Procter& Gamble, for example, led the Dow Jones industrial average higher after the giant consumer products company reported earnings that beat analysts' expectations.

  • *Sherwin-Williams 3Q net income up but shares fall Thursday, 25 Oct 2012 | 12:45 AM ET
  • *Italian premier says Iran sanctions are effective Thursday, 25 Oct 2012 | 12:43 AM ET
  • Maine: East Millinocket mill marks anniversary Thursday, 25 Oct 2012 | 12:43 AM ET

    EAST MILLINOCKET, Maine-- Great Northern Paper is holding a celebration marking the one-year anniversary of the reopening of its East Millinocket mill. Cate Street Capital of Portsmouth, N.H., bought two shuttered paper mills in East Millinocket and Millinocket last September.

  • Bank commits to help build SDSU swine facility Thursday, 25 Oct 2012 | 12:41 AM ET

    PIERRE, S.D.-- South Dakota State University is getting its first commitments from donors to help build a proposed $7 million facility that will be used for teaching and research about hogs. The SDSU Foundation says First Bank and Trust, which operates in eastern South Dakota and southwestern Minnesota, has committed $250,000 to the project.

  • Pearson in talks over Penguin-Random House merger Thursday, 25 Oct 2012 | 12:41 AM ET

    LONDON-- British publishing and education company Pearson PLC says it is in talks with German media group Bertelsmann SE over merging the firms' Penguin and Random House publishing operations. Pearson is publisher of the Financial Times and Penguin Group books.

  • Metro Atlanta jobless rate drops to 8.4 percent Thursday, 25 Oct 2012 | 12:41 AM ET

    ATLANTA-- Georgia labor officials say metro Atlanta's unemployment rate dropped to 8.4 percent in September. The Georgia Department of Labor announced the new preliminary unemployment figure early Thursday morning. Among other Georgia metro areas, the Athens area continued to have the lowest area jobless rate at 6.4 percent.

  • THE RACE: Debt crisis looms in race's home stretch Thursday, 25 Oct 2012 | 12:41 AM ET

    The most pressing economic issue facing Washington _ whether President Barack Obama or Republican Mitt Romney wins _ is a looming deadline for across-the-board spending cuts and tax increases. Some $100 billion will be sliced from federal budgets and taxes will rise by $400 billion if the government goes over the so-called "fiscal cliff" in early January.

  • Group 1 Automotive 3Q profit rises 46 percent Thursday, 25 Oct 2012 | 12:40 AM ET

    Net income rose to $31.3 million, or $1.32 per share, matching the forecast of analysts surveyed by FactSet. A year earlier, the company earned $21.5 million, or 91 cents per share. The shares fell $3.19, or 5.2 percent, to $58.65 in midday trading.

  • Londonderry unveils city of culture program Thursday, 25 Oct 2012 | 12:39 AM ET

    LONDON-- The Northern Ireland city of Londonderry has announced a program of arts events ranging from punk to painting to celebrate its role as the U.K.' s "city of culture" for 2013..

  • PREVIEW-Apple's Mac flies in under the radar Thursday, 25 Oct 2012 | 12:39 AM ET

    SAN FRANCISCO, Oct 24- Amid the fanfare accompanying the noisy launch of the iPad mini this week, Apple Inc also took the wraps off new Mac computers.

  • UK government leases out historic Admiralty Arch Thursday, 25 Oct 2012 | 12:38 AM ET

    LONDON-- A London landmark that is a ceremonial passageway from Trafalgar Square toward Buckingham Palace will be converted from office space into a luxury hotel, Britain's government said Thursday. The Admiralty Arch was leased for 99 years to development company Prime Investors Capital, which plans to turn it into a five-star, 100- bedroom hotel.

  • Consol Energy posts $11.4M 3Q loss on weak demand Thursday, 25 Oct 2012 | 12:37 AM ET

    PITTSBURGH-- Coal miner Consol Energy Inc. on Thursday posted an $11.4 million third-quarter loss, hurt by ongoing weak demand for coal. The Pittsburgh- based company's loss amounted to 5 cents per share, compared with a year-ago profit of $167.3 million, or 74 cents per share.

  • United has rough third quarter Thursday, 25 Oct 2012 | 12:33 AM ET

    It was a rough third quarter for United Airlines. Net income for United Continental Holdings Inc. dropped to $6 million, or 2 cents per share, from $653 million, or $1.69 per share, a year earlier. But excluding that charge, its profit of $1.35 per share was still 12 cents less than analysts expected, according to FactSet.

  • Coca-Cola Enterprises 3Q suffers on European woes Thursday, 25 Oct 2012 | 12:32 AM ET

    ATLANTA-- Coca-Cola Enterprises Inc. reported a drop in its third-quarter profit and revenue Thursday as the bottling company struggled with the weak economy in Europe and the drag of currency translations.

  • BP caps dome believed to be source of oil sheen Thursday, 25 Oct 2012 | 12:32 AM ET

    NEW ORLEANS-- BP PLC said Thursday it has capped and plugged an abandoned piece of equipment that is believed to be the source of a sheen spotted near the site of its massive 2010 oil spill in the Gulf of Mexico. BP and the Coast Guard both say no oil has been seen leaking out of the container since it was capped and plugged.

  • Renault cuts sales forecast on weak Europe market Thursday, 25 Oct 2012 | 12:29 AM ET

    PARIS-- French carmaker Renault SA says its revenue slumped 13.3 percent in the third quarter as an economic downturn in France, Italy and Spain caused sales to slump. Renault's sales in Europe fell 18.4 percent, almost twice as fast as the overall market decline.