Latest Business News Wires - Business Headlines


  • ANALYSIS-Hamas brinkmanship masks quiet confidence Friday, 26 Oct 2012 | 10:09 AM ET

    *Arab Spring puts Hamas on broader Islamist path. *Hamas aims to lead Palestinian national movement.

  • Pa. utilities, road crews keep eye on Sandy Friday, 26 Oct 2012 | 10:04 AM ET

    HARRISBURG, Pa.-- Utilities, road crews, and emergency management personnel throughout Pennsylvania are girding for a potentially damaging storm early next week.

  • Md. officials and utilities prep for big storm Friday, 26 Oct 2012 | 10:03 AM ET

    HAGERSTOWN, Md.-- Maryland utility companies and emergency management officials say they're preparing for large-scale power outages, flooding and other damage from a storm that could arrive as early as Sunday. Exelon Corp.' s Baltimore Gas and Electric Co. said Thursday that it's planning for hundreds of thousands of potential outages.

  • Oshkosh rejects Icahn buyout offer Friday, 26 Oct 2012 | 10:02 AM ET

    OSHKOSH, Wis.-- Oshkosh rejected a buyout offer from billionaire investor Carl Icahn Friday. Shares in Oshkosh Corp. rose 18 cents to close at $29.92 Friday. Oshkosh also reported Friday that its fiscal fourth-quarter net income more than doubled to $78.9 million, or 86 cents per share, compared with $37.5 million, or 41 cents per share, a year earlier.

  • Expedia shares jump on 3Q results Friday, 26 Oct 2012 | 10:02 AM ET

    NEW YORK-- A boom in hotel bookings drove Expedia's third-quarter results past Wall Street's expectations, lifting shares Friday. THE SPARK: Expedia Inc.' s third-quarter net income fell 18 percent, the online travel agency said late Thursday, but its results excluding one-time costs and 17 percent revenue growth impressed investors.

  • Vt., still recovering from Irene, braces for Sandy Friday, 26 Oct 2012 | 10:00 AM ET

    MONTPELIER, Vt.-- Vermont Emergency Management officials are warning people across the state to prepare for the possible arrival of what is now Hurricane Sandy churning up the East Coast. The brunt of the storm is expected to hit the New York- New Jersey area Tuesday, but its effects could be felt through much of next week.

  • *Most promising cleantech IPO since Tesla Motors. As a result, SolarCity is being hailed as the alternative energy industry's most promising IPO candidate since electric car company Tesla Motors Inc's 2010 debut.

  • *Hours should be ``more restricted''- Bunge CEO. CHICAGO, Oct 26- CME Group's bid to cement its dominance in grain markets with longer trading hours may be backfiring, with some traders reducing activity and others including major merchant Bunge calling for a return to a shorter day.

  • *Copper arb window opened but China demand slow- traders. Benchmark copper on the London Metal Exchange slipped to $7,778 a tonne at 0928 GMT, down 0.5 percent from Thursday's close of $7,815 a tonne.

  • Alleged UBS rogue trader denies $2.3 billion fraud Friday, 26 Oct 2012 | 9:55 AM ET

    LONDON-- A former UBS trader accused of losing $2.3 billion through reckless deals and deceit broke down in tears in court as he insisted he is not guilty of fraud. Kweku Adoboli took the stand for the first time Friday, six weeks into his trial for fraud and false accounting. He was arrested in September 2011 after UBS discovered irregularities in its records.

  • Offutt scores TV success, ready to abandon it Friday, 26 Oct 2012 | 9:54 AM ET

    NASHVILLE, Tenn.-- Chris Offutt doesn't have HBO, so he's going to head over to a neighbor's house Sunday night to watch "Treme." He's felt the lure of Hollywood, heard the Sirens in the distance. And the 54- year-old Kentucky native has experienced enough success as a screenwriter and story editor on TV's brainiest shows that it felt real.

  • Sandy pounds Bahamas after killing 29 in Caribbean Friday, 26 Oct 2012 | 9:54 AM ET

    NASSAU, Bahamas-- Hurricane Sandy raged through the Bahamas early Friday after leaving 29 people dead across the Caribbean, following a path that could see it blend with a winter storm to hit the U.S. East Coast with a super-storm next week.

  • UBS "rogue trader" cries after entering witness box Friday, 26 Oct 2012 | 9:53 AM ET

    LONDON, Oct 26- Accused UBS fraudster Kweku Adoboli cried within seconds of entering the witness box at his trial in London on Friday. Adoboli's defence counsel Paul Garlick started by asking him some questions about his early life and family.

  • China expels Bo from legislature, set for trial Friday, 26 Oct 2012 | 9:52 AM ET

    BEIJING-- Chinese lawmakers stripped disgraced politician Bo Xilai of his last official position Friday, formally expelling him from the country's top legislature and clearing the way for criminal proceedings against the once-rising political star.

  • Ryan raising money in solidly Republican states Friday, 26 Oct 2012 | 9:51 AM ET

    GREENVILLE, S.C.-- John McCain's presidential bid won South Carolina by 9 percentage points four years ago. Yet, this year's GOP vice presidential nominee, Paul Ryan, is campaigning in these reliably Republican states _ to pick up cash more than extra votes.

  • DC leaders say Obama has done little for them Friday, 26 Oct 2012 | 9:50 AM ET

    WASHINGTON-- President Barack Obama carried the nation's capital in 2008 with 92 percent of the vote, and some local activists hoped he would push to give the District of Columbia representation in Congress and more autonomy in local affairs. Even Obama's staunchest local defenders are upset he's not more vocal on issues important to them.

  • SC ed agency: $67M is cost for lost increases Friday, 26 Oct 2012 | 9:50 AM ET

    COLUMBIA, S.C.-- Bringing South Carolina teachers' salaries back on track following several years of frozen salary schedules could cost $67 million, the state education agency reported Thursday. But state schools chief Mick Zais opposes such state intervention, saying any catch-ups should be locally funded.

  • Scientist being sentenced in Utah for trade theft Friday, 26 Oct 2012 | 9:49 AM ET

    SALT LAKE CITY-- A sentencing hearing for a scientist who has pleaded guilty in Utah's first industrial espionage case turned on testimony Thursday about the damage to a chemical company. Federal investigators say the 42- year-old chemist emailed a secret drug recipe from a Utah company to a brother-in-law in India.

  • Newsome: SC has advantage before harbor deepening Friday, 26 Oct 2012 | 9:48 AM ET

    NORTH CHARLESTON, S.C.-- South Carolina State Ports Authority chief Jim Newsome said Thursday that while ports in the Southeast are racing to deepen their channels, Charleston has a competitive advantage in attracting shipping lines in the years before those projects can be completed.

  • Vast Broadway costume collection on display in Fla Friday, 26 Oct 2012 | 9:47 AM ET

    POMPANO BEACH, Fla.-- Box by box they arrived, the once glittering costumes of Broadway legends and theatre memorabilia, now dirty, tattered and forgotten.