A British vote to leave the European Union would hit large German banks, the head of German financial watchdog Bafin said. » Read More
WILMINGTON, Mass.-- Shares of UniFirst Corp. rose Wednesday after the uniform company said that its fiscal fourth-quarter profit rose 25 percent, although it issued a modest full-year forecast due to concerns about high unemployment.
OKLAHOMA CITY-- A second man who was injured in an explosion at an Oklahoma oil refinery has died. A University of Oklahoma Medical Center spokesman says Russell Mann of Davis died Tuesday at the Oklahoma City hospital.
BOISE, Idaho-- A large shipment of water-purification equipment will be transported through Idaho to Montana on a disputed mountain highway where big loads have been the subject of oversized controversy.
WINSTON-SALEM, N.C.-- BB&T Corp. says it will create 1,700 new jobs over five years in a large back-office operation near Piedmont Triad International Airport. The bank said Tuesday that it has signed a seven-year sublease to take over a former American Express Co. call center in Greensboro.
CHARLESTON, W.Va.-- Labor statistics show the percentage of West Virginia workers paid an hourly wage at or below the federal minimum standard declined in 2011.. There were 462,000 workers being paid hourly rates in West Virginia last year.
Halliburton Co. said Wednesday that a decline in revenue in its core North America market was largely responsible for a 12 percent decline in third-quarter profit. Dave Lesar, CEO of the oil services company, said the next couple of quarters could be "pretty bumpy" in North America, where low natural gas prices have caused some customers to pull back on production.
AUSTIN, Texas-- The balance in Texas' Rainy Day Fund is climbing to $8.1 billion. A director from the Texas comptroller's office Wednesday told lawmakers the state's emergency savings account is expected to hit that number when nearly $2 billion in anticipated oil and gas tax collections is transferred into the fund next month.
SYRACUSE, N.Y.-- Two brothers from central New York have claimed a $5 million lottery prize for a scratch-off ticket they bought at their parents' Syracuse store six years ago, state officials said.
CHICAGO-- Northern Trust Corp. said Wednesday that its third-quarter net income rose 5 percent due to higher fees from clients for managing their money. The wealth management firm, which is based in Chicago, earned $178.8 million, or 73 cents per share, in the three months through Sept. 30, up from $170.4 million, or 70 cents per share, in the same quarter last year.
RICHMOND, Va.-- Many of us know firsthand that losing weight and staying fit can be tough. For me, I started a journey a little over a year ago to get in better shape before my 30th birthday.
Oil gave up early gains and hovered around $92 per barrel on Wednesday after the government reported a bigger-than-expected increase in U.S. crude supplies. In midday trading on Wednesday, oil was down 7 cents to $92.02 per barrel on the New York Mercantile Exchange.
Bank of America, like other banks, is facing anger from some investors who bought its mortgages in the run-up to the financial crisis. Wednesday, Bank of America reported that outstanding repurchase claims from investors jumped to more than $25 billion from $10 billion a year ago.
NEW YORK-- An analyst says that Johnson Controls' agreement to buy battery maker A123 Systems' automotive assets is a good strategic fit and gives it access to new lithium ion battery technology. Johnson Controls Inc., an auto parts and building equipment maker, plans to keep A123 plants open and sell the company's lithium-ion battery technology.
NEW YORK-- PepsiCo Inc.' s net income dipped 5 percent in the third quarter as the snack food and beverage maker poured more money into bolstering its flagship brands and developing new products that position it for the future.
Bank of America, the country's second-biggest bank, reported Wednesday that mortgage originations jumped over a year ago _ up 18 percent to $21 billion. Bank of America's chief financial officer said Wednesday he thought the housing market had turned, noting that home prices are rising more consistently.
EAST GREENVILLE, Pa.-- Knoll Inc. said Wednesday that its third-quarter net income fell 34 percent as revenue declined on weak demand. The iconic furniture maker reported Wednesday that it earned $12.2 million, or 26 cents per share, for the quarter that ended Sept. 30. That's compared with $18.4 million, or 39 cents per share, in the same quarter last year.
NEW DELHI-- The first woman to lead a Formula One team has another reason to look forward to the Indian Grand Prix next week _ it's in her home country. The 41- year-old Monisha Kaltenborn was promoted from Sauber's chief executive to its team principal last week. Her main focus is ensuring the Switzerland- based team improves on its four podium finishes this season.
England defender Ashley Cole is facing an FA fine because of a vulgar tweet. The England team code of conduct spells out how players can be stripped of the captaincy if they are deemed to fail as a "role model," highlighting how the job carries "expectation and responsibility."
The financial overhaul law passed in 2010 called for new oversight of derivatives, the complex investments blamed for hastening the financial crisis, and required the SEC to write the rules.