A British vote to leave the European Union would hit large German banks, the head of German financial watchdog Bafin said. » Read More
By early afternoon in Europe, benchmark oil was down 28 cents to $92.11 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $3.06 on Tuesday to finish at $92.39 per barrel on concerns about supplies from the Middle East and the North Sea.
BANGKOK-- Worries about Europe's debt crisis, signs of weak global growth and expectations of lower U.S. corporate earnings sent most Asian stock markets down Wednesday.
NEW YORK-- Accuride's stock plunged to an all-time low on Wednesday as the company said it would not do as well as it had thought this year. THE SPARK: Accuride, which makes parts for commercial vehicles, previously predicted a full-year loss of 5 cents to 12 cents per share.
IRVINE, Calif.-- Edwards Lifesciences Corp. said Wednesday it completed its acquisition of Bmeye BV, a Dutch company that develops products used in monitoring blood circulation and heart function, for about $42 million. Irvine, Calif.- based Edwards said the acquisition won't affect its income in 2012 and will cause a small reduction to its net income in 2013..
NEW YORK-- The departure of Best Buy's chief financial officer could signal the beginning of a broader executive shake-up and Janney Capital Markets said Wednesday that new leadership will bring change an innovation to the struggling electronics retailer. We already are seeing changes happen quickly at Best Buy, and we believe more changes are the way. "
Gold hit a 2012 closing high of $1,796.50 per ounce on Oct. 4. Although prices have fallen since, several analysts expect gold to hit or top $1,800 an ounce in 2013..
Heating bills will rise this winter even though fuel prices are stable because normal temperatures are expected to return after last year's record warmth, the federal government says. Prices for heating oil will set a record high, but prices for natural gas, electricity, and propane are relatively low.
As Western sanctions squeeze Iran and its currency tumbles, the country's energy minister wooed Indian businesses on Wednesday for more investment and trade.
NEW YORK-- Shares of Zynga tumbled nearly 5 percent Wednesday after Piper Jaffray predicted that a decline in revenue for social gaming companies would accelerate next year, with fewer teens showing interest. On Friday, the shares hit an all-time low of $2.21, after Zynga forecast a third-quarter loss.
2013 Ford C-Max Hybrid SEL. BASE PRICE: $25,200 for SE; $28,200 for SEL. OPTIONS: Equipment group 302 A $1,695.
Ford's newest gasoline-electric vehicle, the C-Max Hybrid, is so roomy, stylish and smart, it's likely to attract buyers before they see the noteworthy 47 miles-per-gallon fuel rating on the window sticker.
NEW YORK-- The finance chief of Kinross Gold Corp. is resigning to pursue other interests. The Toronto gold mining company said Tuesday that it has begun a search for Paul H. Barry's replacement. Shares of Kinross Gold rose 3 cents, to $10.45 in afternoon trading.
CLEVELAND-- Ferro Corp.' s shares plunged 23 percent Wednesday after the specialty chemical company lowered its guidance and said it is exploring the strategic options for its solar paste business. That is down from its prior forecast of 14 to 17 cents per share.
NEW YORK-- The price of oil rose slightly Wednesday on another encouraging sign for the U.S. economy. Benchmark crude gained 42 cents to $92.81 per barrel at midday in New York. The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea.
Retail price: $10.32 per thousand cubic feet. Retail price: 11.4 cents per kilowatt-hour. Retail price: $3.80 per gallon.
STOCKPILES HIGHER: U.S. wholesalers increased their stockpiles 0.5 percent in August from July. SALES REBOUND: Sales at the wholesale level jumped 0.9 percent in August, ending three months of declines. The sales increase was the biggest one-month gain since February.
HELENA, Mont.-- The 9th U.S. Circuit Court of Appeals reinstated Montana's campaign donation limits, telling the federal judge who overturned it to outline his full reasoning so the panel can review the case.
BOSTON-- Even as stock prices rose again in September, investors withdrew money from stock mutual funds at the fastest pace of the year, marking the seventh straight month that withdrawals have exceeded deposits.
SAN JOSE, Calif.-- Shares of OCZ Technology Group Inc. tumbled Wednesday after the flash memory maker delayed filing its earnings report for its second quarter and said its revenue had fallen short of its previous guidance.