Latest Business News Wires - Business Headlines


  • Number of murdered Somali reporters grows to 16 Thursday, 25 Oct 2012 | 8:13 AM ET

    The irony for journalists is that Mogadishu, on the whole, is far safer than it was when the Islamist extremists, al-Shabab, controlled most of the city from 2007-2011. African Union troops forced al-Shabab out in August 2011, leading to less violence and a general revival of business, the arts and sports.

  • Union says Ford cutting 1,500 UK jobs Thursday, 25 Oct 2012 | 8:12 AM ET

    LONDON-- A union representing Ford workers says the company will cut 1,500 jobs in Britain, closing a transit van plant in Southampton and eliminating a stamping and tooling facility in east London.

  • Azerbaijan, Gaza, Ethiopia women win media awards Thursday, 25 Oct 2012 | 8:12 AM ET

    NEW YORK-- A columnist imprisoned under Ethiopia's controversial anti-terrorism laws, an Azerbaijani investigative radio reporter who had surveillance cameras planted in her apartment and a Palestinian blogger who has been beaten and tortured for reporting on abuses and protests in Gaza each received Courage in Journalism awards Wednesday from a women's media group.

  • Hong Kong shares close up 0.2 pct in 10th straight gain Thursday, 25 Oct 2012 | 8:11 AM ET

    HONG KONG, Oct 25- Hong Kong shares eked out a 10th straight gain on Thursday, with the rally that has taken the Hang Seng Index to 2012 highs showing signs of fatigue as investors took profits on outperformers.

  • Colo. fire destroys dozen homes; others evacuated Thursday, 25 Oct 2012 | 8:11 AM ET

    WETMORE, Colo.-- A wildfire that forced the evacuation of hundreds of people in and around a small southern Colorado town has damaged at least 14 homes, authorities said Wednesday. The 3 1/ 4- square-mile fire was burning near Wetmore, an unincorporated town in Custer County about 100 miles south of Denver.

  • Review: 'Skylanders Giants' bigger in every way Thursday, 25 Oct 2012 | 8:10 AM ET

    When I was a kid, my favorite toy was the Bag of Animals, an assortment of plastic critters gathered from various discount stores in my neighborhood. It was an unlikely mix of farm animals, wild beasts and the occasional monster, but I had the kind of imagination in which cows, lions and dragons all played for the same team.

  • Canadian theater mogul granted day parole Thursday, 25 Oct 2012 | 8:10 AM ET

    KINGSTON, Ontario-- Former Broadway theater mogul Garth Drabinsky has been granted day parole and will be released to a Toronto halfway house to serve the remainder of his sentence for fraud following an emotional hearing on Wednesday where he denied guilt and said he never should have been CEO.

  • Automatic spending cuts are issue in some races Thursday, 25 Oct 2012 | 8:09 AM ET

    LEESBURG, Va.-- In many ways, it's an odd topic to make a central campaign issue: sequestration. Many voters greet the word with a blank stare or slightly glazed eyes, and when Republican George Allen brings up the issue in his Senate campaign, he first has to explain what he's talking about.

  • Finland's Amer posts flat Q3 profit Thursday, 25 Oct 2012 | 8:08 AM ET

    HELSINKI-- Global sports equipment maker Amer Sports Corp., owner of brands such as Atomic, Salomon and Wilson, has posted virtually unchanged third-quarter profits as higher sales just offset higher costs and taxes.

  • Study: Aspirin may help treat some colon cancers Thursday, 25 Oct 2012 | 8:08 AM ET

    NEW YORK-- Aspirin, one of the world's oldest and cheapest drugs, has shown remarkable promise in treating colon cancer in people with mutations in a gene that's thought to play a role in the disease. Among patients with the mutations, those who regularly took aspirin lived longer than those who didn't, a major study found.

  • CPR less likely for minorities on street or home Thursday, 25 Oct 2012 | 8:06 AM ET

    CHICAGO-- People who collapse from cardiac arrest in poor black neighborhoods are half as likely to get CPR from family members at home or bystanders on the street as those in better-off white neighborhoods, according to a study that found the reasons go beyond race. The findings suggest a big need for more knowledge and training, the researchers said.

  • McKesson will buy PSS World Medical for $1.46B Thursday, 25 Oct 2012 | 8:04 AM ET

    NEW YORK-- Prescription drug distributor McKesson Corp. is expanding its medical supplies business by buying PSS World Medical Inc. for about $1.46 billion. McKesson said Thursday it will pay $29 per share for PSS World, a 34.3 percent premium over Wednesday's closing price.

  • Florida ethics panel confirms Rivera accusations Thursday, 25 Oct 2012 | 8:04 AM ET

    Accusations against the Miami Republican include receiving income from Southwest Florida Enterprises Inc., a company involved with Flagler Dog Track in Miami, that he knew or should have known was given to influence his vote or official action and using campaign funds for non-campaign expenses.

  • Ex-manager of Britney Spears says he was punched Thursday, 25 Oct 2012 | 8:03 AM ET

    LOS ANGELES-- Britney Spears' ex-manager described from the witness stand Wednesday a scene of domestic warfare, saying the superstar's father chased him around a kitchen, punched him and threatened his life. Sam Lutfi, who is suing Spears' parents for defamation, testified while they watched from across the courtroom.

  • SINGAPORE, Oct 25- KKR's Southeast Asia head Ming Lu said the private equity firm has invested $1 billion in Southeast Asia since 2005 and could invest more than that amount in the region over the next five years. The consumer sector and financial services were among the attractive areas in Southeast Asia, Lu said.

  • 2 pilots home in Houston after Panama drops case Thursday, 25 Oct 2012 | 8:01 AM ET

    HOUSTON-- Two Texas pilots who were released after being arrested in Panama on suspicion of money laundering arrived home Wednesday in Houston. American Jet International pilots Carl Moody and Kenneth Chonoski were greeted at George Bush Intercontinental Airport by a crowd of family, friends and co-workers that included company CEO Roger Woolsey and U.S.

  • Georgia store offers gun raffle tickets to voters Thursday, 25 Oct 2012 | 8:00 AM ET

    ATLANTA-- Want a chance to win a rifle or handgun? That's the message from an Atlanta- area sporting goods store. Georgia law prohibits anyone from giving or receiving money or gifts in exchange for voting, and felony charges could be brought if the law were broken, Secretary of State Brian Kemp said in a statement.

  • Arctic Cat 2Q net income rises on new vehicles Thursday, 25 Oct 2012 | 7:57 AM ET

    MINNEAPOLIS-- Arctic Cat Inc. said Thursday its fiscal second-quarter net income rose 17 percent on demand for new recreational vehicles. Arctic Cat began shipping its new 2013 model year all-terrain and recreational vehicles during the quarter.

  • United Continental reports smaller 3Q profit Thursday, 25 Oct 2012 | 7:56 AM ET

    It was a rough third quarter for United Airlines. Net income for United Continental Holdings Inc. dropped to $6 million, or 2 cents per share, from $653 million, or $1.69 per share, a year earlier. But excluding that charge, its profit of $1.35 per share was still 12 cents less than analysts expected, according to FactSet.

  • Lending still weak in slack eurozone economy Thursday, 25 Oct 2012 | 7:55 AM ET

    FRANKFURT, German-- Another drop in lending to companies in the 17- country eurozone showed the economic downturn is deepening, as a brighter mood on financial markets fails to catch on with businesses.