Latest Business News Wires - Business Headlines


  • *BHP's Vanselow, Xstrata's Davis in frame as replacements. LONDON, Oct 26- Anglo American's Chief Executive Cynthia Carroll has quit after more than five years in the job, under pressure from investors over the miner's lagging share price and continued dependence on troubled South Africa.

  • Comcast's third-quarter revenue rises on Olympics Friday, 26 Oct 2012 | 11:07 AM ET

    Oct 26- Comcast Corp posted a higher quarterly profit on Friday, driven partly by revenue generated at its NBC Universal unit by the London Olympics as well as by new Internet customers for its cable business.

  • School of Mines cuts ribbon on downtown building Friday, 26 Oct 2012 | 11:06 AM ET

    RAPID CITY, S.D.-- The South Dakota School of Mines and Technology is cutting the ribbon Friday on its new downtown campus building in Rapid City. The 18,000- square-foot building is housing the university's industrial engineering department and a four-room conference center for community use.

  • Annual growth of US economy starting in 2000 Friday, 26 Oct 2012 | 11:04 AM ET
  • Q3 economic growth in presidential election years Friday, 26 Oct 2012 | 11:02 AM ET
  • UPDATE 2-Budget cuts push Spain jobless to 25 pct Friday, 26 Oct 2012 | 11:01 AM ET

    MADRID, Oct 26- Spain's unemployment rate hit a record high in the third quarter, with one in four out of work and more expected to lose their jobs in 2013 as the next phase of government cutbacks kicks in.

  • WhiteWave shares slip on first day of trading Friday, 26 Oct 2012 | 11:00 AM ET

    The company was spun off from Dean Foods Co. at a time when the organic and natural foods segment is growing faster than the broader packaged food market.

  • SAN FRANCISCO, Oct 26- Pension changes recently endorsed by the Los Angeles city council don't go far enough for former Mayor Richard Riordan, who aims to put more aggressive fixes on the city's May 2013 ballot.

  • Citigroup is fined $2 million over Facebook IPO Friday, 26 Oct 2012 | 10:58 AM ET

    BOSTON-- The top securities regulator in Massachusetts has fined Citigroup $2 million for failing to supervise analysts who improperly disclosed confidential information about Facebook's initial public offering.

  • US quarterly economic growth rates under Obama Friday, 26 Oct 2012 | 10:58 AM ET
  • Ark. storage business to build facility in Joplin Friday, 26 Oct 2012 | 10:57 AM ET

    JOPLIN, Mo.-- Missouri is offering incentives for an Arkansas storage business to open a facility in Joplin. Jay Nixon's administration says Don's Cold Storage could receive more than $1.1 million under several state incentive programs to build a $14 million cold-storage and distribution center.

  • Winter moisture a must to help ease NM drought Friday, 26 Oct 2012 | 10:56 AM ET

    ALBUQUERQUE, N.M.-- Nearly all of New Mexico continues to grapple with some level of drought, and federal forecasting models show those conditions are likely to persist through January. State and federal officials reported during a drought monitoring meeting Thursday that there has been only one day of rain so far this month in the eastern half of New Mexico.

  • Blackout hits Brazil's northeast Friday, 26 Oct 2012 | 10:56 AM ET

    *Brazil investing heavily to increase energy capacity. SAO PAULO, Oct 26- A blackout affected as many as 12 Brazilian states late Thursday night and early Friday according to local media reports, the latest in a string of power shortages that have raised questions about whether Brazil's infrastructure is keeping pace with economic growth.

  • New Mexico workplace deaths way up in 2011 Friday, 26 Oct 2012 | 10:55 AM ET

    SANTA FE, N.M.-- The state Environmental Department says workplace deaths in New Mexico rose substantially in 2011.. The department says it logged a total of 51 deaths last year from 38 in 2010. The biggest increase was tallied among transportation workers, where 21 people were killed last year.

  • HMS Holdings stock tumbles after 3Q report Friday, 26 Oct 2012 | 10:55 AM ET

    NEW YORK-- HMS Holdings Corp.' s shares shed nearly a quarter of their value Friday after the medical information company said its third-quarter earnings dropped 27 percent on higher costs. The New York company earned $10.5 million, or 12 cents per share, in the three months that ended Sept. 30.

  • La. agency gets $1.3M from FEMA for Isaac costs Friday, 26 Oct 2012 | 10:54 AM ET

    NEW ORLEANS-- The Federal Emergency Management Agency has reimbursed the Louisiana Department of Public Safety for nearly $1.3 million in costs associated with its response to Hurricane Isaac.

  • Ventas 3Q FFO rises 12 percent on purchases Friday, 26 Oct 2012 | 10:53 AM ET

    CHICAGO-- Medical real estate company Ventas Inc. said Friday that its funds from operations grew 12 percent in the third quarter, buoyed by acquisitions. Ventas invests in, manages, finances and leases real estate used by health care companies.

  • Guide aims to promote export of services from Va. Friday, 26 Oct 2012 | 10:52 AM ET

    RICHMOND, Va.-- Virginia economic development officials are releasing a guide to promote the export of services from companies around the state. The guide is from the Virginia Economic Development Partnership's International Trade division.

  • Trader denies $2.3 bn fraud, says UBS was family Friday, 26 Oct 2012 | 10:51 AM ET

    LONDON-- A former UBS trader accused of losing $2.3 billion through reckless deals and deceit broke down in tears in court Friday as he insisted he had acted purely to help save the bank he considered his family. Kweku Adoboli denied fraudulent behavior as he took the stand for the first time, six weeks into his trial at London's Southwark Crown Court.

  • Coventry Health 3Q profit falls 14 pct, costs rise Friday, 26 Oct 2012 | 10:49 AM ET

    BETHESDA, Md.-- Coventry Health Care Inc.' s third-quarter net income dropped 14 percent, as the health insurer's medical costs and other expenses outweighed revenue gains from an expansion of its Medicaid business.