Latest Business News Wires - Business Headlines


  • *Resource stock performance tied to China, commodities.

  • NEW YORK, Oct 28- New York City will suspend its train, subway and bus service Sunday night ahead of Hurricane Sandy, which is expected to bring strong winds and dangerous flooding to the East Coast, New York Governor Andrew Cuomo said at a news conference. ``If it turns and moves off, great.

  • Panama repeals land sale plan after protests Sunday, 28 Oct 2012 | 2:14 PM ET

    PANAMA CITY, Panama-- Panama's government has repealed a measure to sell state-owned land in a duty-free zone along the Panama Canal following a week of sometimes violent protests.

  • HATTERAS ISLAND, N.C., Oct 28- Hurricane Sandy could be the biggest storm to hit the United States mainland when it comes ashore on Monday night, bringing strong winds and dangerous flooding to the East Coast from the mid-Atlantic states to New England, forecasters said on Sunday.

  • Swiss offer military bunkers as art storage answer Sunday, 28 Oct 2012 | 1:14 PM ET

    ZURICH/ LONDON, Oct 28- A metal door set into a mountain in Switzerland offers a way out for fine art investors forced to pay over the odds to insure their collections.

  • NYSE plans to open as usual Monday Sunday, 28 Oct 2012 | 1:00 PM ET

    NEW YORK-- The New York Stock Exchange plans to open for trading as usual Monday, even as Hurricane Sandy barrels its way up the Atlantic.

  • 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.