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Latest Business News Wires - Business Headlines


  • Pa. university faculty take 1st step toward strike Thursday, 18 Oct 2012 | 10:08 AM ET

    HARRISBURG, Pa.-- The union representing faculty at Pennsylvania's 14 state-owned universities is taking the first step toward a possible strike. Union officials say delegates from each campus will meet Saturday in State College for a strike authorization vote.

  • Humane Society hatches bid to unseat Iowa lawmaker Thursday, 18 Oct 2012 | 10:07 AM ET

    Steve King of Iowa has little use for the Humane Society, particularly when it comes to laws designed to give calves, pregnant sows and hens a little more freedom on the farm.

  • Federal approval sought for Montana coal railroad Thursday, 18 Oct 2012 | 10:07 AM ET

    BILLINGS, Mont.-- Owners of a proposed railroad serving southeastern Montana's coal fields have applied to the federal government to build an 83- mile line carrying up to 20 million tons of fuel annually.

  • Pa. Supreme Court hears drilling, zoning debate Thursday, 18 Oct 2012 | 10:06 AM ET

    PITTSBURGH-- The Pennsylvania Supreme Court had an unusual standing-room-only crowd Wednesday, as lawyers debated a new law that regulates the state's booming natural gas industry. The Supreme Court currently has three Republicans and three Democrats, and cannot overturn a lower court decision on a 3-3 tie vote.

  • Measure of future economic activity up 0.6 percent Thursday, 18 Oct 2012 | 10:05 AM ET

    WASHINGTON-- A measure of U.S. economic activity designed to give signals about the future posted a solid gain in September, rebounding after a dip in August. The index is still signaling weak growth, however. The major areas of weakness came from a decline in the Institute for Supply Management's new orders index and in consumer confidence.

  • Experts seek to reduce Miss. infant mortality rate Thursday, 18 Oct 2012 | 10:05 AM ET

    JACKSON, Miss.-- Mississippi has the nation's highest infant mortality rate, and experts are trying to change that by teaching people about healthy pregnancies and proper sleep conditions for babies. Yvonne Maddox, deputy director of the Eunice Kennedy Shriver National Institute of Child Health and Human Development at the National Institutes of Health.

  • Pa. health-insurance exchange plan stalls Thursday, 18 Oct 2012 | 10:04 AM ET

    HARRISBURG, Pa.-- A state-run health insurance exchange is unlikely to be ready for a scheduled January 2014 rollout, Pennsylvania's top insurance regulator said Wednesday.

  • Winds leave thousands without power in Colorado Thursday, 18 Oct 2012 | 10:04 AM ET

    Xcel Energy Inc. says the blackouts affected about 50,000 customers in Denver, Fort Collins and Greeley starting at 10 p.m. Tuesday. The National Weather Service said gusts of up to 60 mph were reported in the Denver area and the northeast Colorado plains Tuesday night. Fort Morgan, Akron and Holyoke in northeastern Colorado reported 40 mph gusts.

  • Ormet's deferred Ohio electric payments approved Thursday, 18 Oct 2012 | 10:03 AM ET

    COLUMBUS, Ohio-- State regulators in Ohio are allowing aluminum manufacturer Ormet Corp. to defer electric bill payments for the remainder of the year. Ormet, located near Hannibal in eastern Ohio, has benefited from a unique electric-rate subsidy with American Electric Power Co. that has reduced its costs by more than $150 million since 2009..

  • England's Cole fined $145,000 for Twitter post Thursday, 18 Oct 2012 | 10:03 AM ET

    LONDON-- England's Football Association has fined Chelsea's Ashley Cole $145,000 for insulting the governing body in an offensive Twitter post. The England defender had reacted angrily to an FA commission questioning the evidence he gave in defending teammate John Terry against a charge of racially abusing an opponent.

  • Survey: English ticket prices increase further Thursday, 18 Oct 2012 | 10:02 AM ET

    A BBC survey released Thursday showed the average price of the cheapest match ticket in the Premier League has increased from 24.87 pounds last year to 28.30 pounds this year, an increase of nearly 14 percent. Newcastle United offered the best overall value in the Premier League for a day out, charging 23 pounds for a ticket, a program, a pie and a cup of tea.

  • Oil, gas production up in Utah Thursday, 18 Oct 2012 | 10:01 AM ET

    Utah and industry officials say oil and gas production was up across the region and country last year because of drilling on state and private lands, not federal lands.

  • Two days after NHL offer, union set to have a say Thursday, 18 Oct 2012 | 10:01 AM ET

    On Tuesday, the NHL made its strongest, and most public, pitch yet to save a full season. "I hope we can get going ASAP," Red Wings defenseman Niklas Kronwall told The Associated Press on Wednesday. " Fehr met with the union to formulate a response, and in a letter to players and agents said the management plan would cost his members more than $1.6 billion over six years.

  • LA judge dismisses lawsuit against magazine Thursday, 18 Oct 2012 | 10:00 AM ET

    LOS ANGELES-- A Los Angeles judge has dismissed a defamation lawsuit brought by former UCLA player Reeves Nelson against Time Inc., the parent company of Sports Illustrated, and a reporter who wrote a story about problems in the school's basketball program.

  • Hubbell 3Q profit rises 6 pct as housing gains Thursday, 18 Oct 2012 | 9:58 AM ET

    SHELTON, Conn.-- Electrical products maker Hubbell Inc. said Thursday that its third-quarter net profit rose 6 percent, as residential construction and lighting sales gained strength. The Shelton, Conn., company said it earned $87.1 million, or $1.45 per share in the three months ended Sept. 30. That compared with $82.4 million, or $1.37 per share, a year earlier.

  • Big East and MSG extend contract Thursday, 18 Oct 2012 | 9:57 AM ET

    NEW YORK-- The Big East and The Madison Square Garden Co. have agreed to a multiyear extension of their contract that will keep the conference's postseason tournament in New York City. Madison Square Garden has been the home of the Big East tournament since 1983, making it the longest running conference tournament held at the same site in college basketball.

  • Michigan jobless rate drops 0.1 points to 9.3 pct. Thursday, 18 Oct 2012 | 9:56 AM ET

    LANSING, Mich.-- Authorities say Michigan's seasonally adjusted unemployment rate fell 0.1 percentage point in the latest month to 9.3 percent. The Michigan Department of Technology, Management and Budget released the September jobless figures Wednesday.

  • $1 million bond set in SC silver buying scheme Thursday, 18 Oct 2012 | 9:56 AM ET

    GREENVILLE, S.C.-- A $1 million bond is set for a man charged as part of a multi-million dollar Ponzi scheme in Upstate South Carolina. Court records show a federal judge in Greenville set the bond Wednesday for 60- year-old Wallace Lindsey Howell.

  • Haley: SC tourism is reaching new levels Thursday, 18 Oct 2012 | 9:53 AM ET

    CHARLESTON, S.C.-- South Carolina Gov. Hotel room occupancy in South Carolina through August was up more than 3 percent compared to last year while revenue per available room, a key indicator of the health of the industry, is up approaching 8 percent. "What it should tell people across South Carolina is that you don't need to go anywhere.

  • Governor burns mortgages to mark lower Ind. debt Thursday, 18 Oct 2012 | 9:51 AM ET

    Daniels and other state officials on Wednesday marked the early completion of payments on 10 state facilities by ceremonially burning the mortgage paperwork in a trash can outside the Statehouse.