GO
Loading...

Latest Business News Wires - Business Headlines

More

  • News Summary: Stocks rise on Tuesday Tuesday, 16 Oct 2012 | 3:44 PM ET

    ANOTHER UP DAY: Stocks rose for the second day in a row, helped by stronger-than-expected earnings from companies including Mattel and Goldman Sachs. ECONOMIC NEWS: The government said September inflation was low, with most increases because of gasoline prices, which have come down since then.

  • Coca-Cola to launch 'beauty drinks' in France Tuesday, 16 Oct 2012 | 3:42 PM ET

    NEW YORK-- The Coca-Cola Co. and Sanofi are partnering to launch a line of "beauty drinks" in France. The Coca-Cola business unit in France said in a statement that the drinks will be sold in a "small scale pilot" limited to a number of pharmacies in the country.

  • Cocoa surges 3 percent on hopes of better demand Tuesday, 16 Oct 2012 | 3:37 PM ET

    Cocoa for December delivery rose $64 to finish Tuesday at $2,418 per metric ton. Looking ahead, we're looking for demand to steadily increase, " Vision Financial Group analyst Boyd Cruel said. In addition, the National Association of Home Builders said its survey of builder confidence rose in October to the highest level since June 2006.

  • Hunters: 4 wolves killed in Wisconsin in 24 hours Tuesday, 16 Oct 2012 | 3:32 PM ET

    MADISON, Wis.-- Hunters shot and killed at least four wolves in the opening 24 hours of Wisconsin's first organized wolf hunt, the state Department of Natural Resources said Tuesday. Another hunter in Vilas County took a female at 8:30 a.m. A third hunter killed a female at 4:30 p.m. in Iron County and a fourth killed a male at 6:15 p.m. in Eau Claire County.

  • Interest concerns weigh on PNC shares after 3Q Tuesday, 16 Oct 2012 | 3:31 PM ET

    BOSTON-- Investors, concerned about PNC Financial Services Group Inc.' s ability to grow profit amid record-low interest rates and increasing expenses, drove down the bank's shares Tuesday after its third-quarter results.

  • Northern Trust adds Prado to board Tuesday, 16 Oct 2012 | 3:26 PM ET

    CHICAGO-- Northern Trust Corp. said Tuesday that it added Jose Luis Prado, president of Quaker Oats North America, to its board. Prado has been head of Quaker Oats North America, a division of PepsiCo Inc., since 2011. He has held a number of leadership positions at PepsiCo since 1984..

  • W.Va. unemployment rate rises in September Tuesday, 16 Oct 2012 | 3:21 PM ET

    CHARLESTON, W.Va.-- West Virginia's seasonally adjusted unemployment rate rose one-tenth of a percentage point to 7.6 percent in September. WorkForce West Virginia said Tuesday that total employment fell by 3,200. The job losses included 2,100 in the service-providing sector and 1,100 in the goods-producing sector.

  • At a glance: Oil ends higher amid mixed data Tuesday, 16 Oct 2012 | 3:21 PM ET

    On the New York Mercantile Exchange:. _ Benchmark U.S. crude ended up 24 cents to $92.09 a barrel in New York. _ Natural gas lost 5 cents to $3.44 per 1,000 cubic feet.

  • Titan to buy trio of Toner's dealerships Tuesday, 16 Oct 2012 | 3:19 PM ET

    WEST FARGO, N.D.-- Titan Machinery Inc. said Tuesday that it reached a deal to buy Toner's Inc., which includes three CaseIH agricultural equipment dealerships in Nebraska. The trio also offers cost savings opportunities with Titan's existing stores in a nearby Nebraska town, the company said.

  • Proxy firms support Eaton acquisition of Cooper Tuesday, 16 Oct 2012 | 3:14 PM ET

    CLEVELAND-- Diversified manufacturer Eaton Corp. said Tuesday that three major independent proxy advisory firms have recommended that Eaton shareholders vote in favor of the company's pending acquisition of Cooper Industries plc.

  • Bill with child labor rule changes sent to Pa. gov Tuesday, 16 Oct 2012 | 3:12 PM ET

    HARRISBURG, Pa.-- A bill to revamp employment rules for children, particularly those working in entertainment, is on its way to the desk of Pennsylvania Gov. The House voted unanimously Tuesday in favor of the measure, which in many ways is patterned after California's law and brings Pennsylvania closer in line with federal rules.

  • On the Call: UnitedHealth CEO Stephen J. Hemsley Tuesday, 16 Oct 2012 | 3:12 PM ET

    UnitedHealth Group Inc. and other health insurers have been preparing for the health care overhaul for a few years now, but the massive law's future is clouded by next month's presidential elections.

  • On the Call: Johnson & Johnson CFO Dominic Caruso Tuesday, 16 Oct 2012 | 3:11 PM ET

    During a conference call with analysts Tuesday on Johnson& Johnson's third-quarter results, Chief Financial Officer Dominic Caruso discussed some recent divestitures and the possibility of further pruning the health care giant's extensive portfolio of prescription and nonprescription drugs, toiletries and medical devices and diagnostic equipment.

  • Oil price ends higher amid mixed economic data Tuesday, 16 Oct 2012 | 3:10 PM ET

    The Labor Department said the consumer price index rose 0.6 percent last month, the same as in August, with inflation still in check. Benchmark U.S. crude ended up 24 cents at $92.09 a barrel in New York. Brent crude, which is used to price international varieties of oil, lost 40 cents to finish at $114 a barrel in London.

  • Outlook roundup: AmeriGas, Diebold Tuesday, 16 Oct 2012 | 3:08 PM ET

    Among the earnings projection stories for Tuesday, Oct. 16, from AP Business News:. _ Propane company AmeriGas Partners LP predicted net income for its current fiscal year that is above Wall Street expectations, if this winter has "normal" weather.

  • Bio Box: Michael Corbat, the new CEO of Citigroup Tuesday, 16 Oct 2012 | 3:06 PM ET

    CAREER: Corbat held several roles at Salomon Brothers, a company that eventually combined with Citi. He also ran Citi Holdings, a portfolio of businesses and assets that Citi sold to raise cash and simplify its corporate structure following the financial crisis.

  • Medical marijuana advocates want drug reclassified Tuesday, 16 Oct 2012 | 3:05 PM ET

    WASHINGTON-- A federal appeals court in Washington is considering whether marijuana should be reclassified from its current status as a dangerous drug with no accepted medical use.

  • Picasso, Monets stolen in Dutch heist Tuesday, 16 Oct 2012 | 3:04 PM ET

    AMSTERDAM-- Thieves broke into a Rotterdam museum on Tuesday and walked off with works from the likes of Picasso, Monet, Gauguin and Matisse potentially worth hundreds of millions. "Those thieves got one hell of a haul," said Chris Marinello, who directs the Art Loss Register.

  • $110M in fed funds announced for TF Green Tuesday, 16 Oct 2012 | 2:56 PM ET

    WARWICK, R.I.-- Rhode Island officials have announced $110 million in federal funds to pay for a runway extension project at T.F. Green Airport in Warwick. Lincoln Chafee, Warwick Mayor Scott Avedisian, and the interim head of the Rhode Island Airport Corporation, Peter Frazier, discussed the plan Tuesday afternoon at a news conference at the airport.

  • News Summary: Tourism thrives in Georgia Tuesday, 16 Oct 2012 | 2:51 PM ET

    CITY OF LOVE: The transformation of Batumi, an ancient city of 180,000 near the Turkish border, is a vivid example of Georgia's drive to capitalize on its tourism potential, boosting the economy of an ex-Soviet nation where roughly one person in five lives in poverty.