ISTANBUL, April 16- Turkey would consider allowing the South Stream pipeline, which will carry natural gas from Russia to Europe, to pass through Turkish territory if Moscow made such a request, Energy Minister Taner Yildiz said on Wednesday.» Read More
NEW YORK-- The federal government has sued Wells Fargo in a New York court, accusing the nation's largest mortgage lender of misrepresenting the quality of thousands of loans in order to be eligible for federal loan insurance.
SIOUX FALLS, S.D.-- South Dakota's row crop harvest advanced again last week with the soybean harvest nearing completion. The U.S. Agriculture Department says in its weekly crop and weather report that light showers teased parts of the state over the weekend but make no significant dent in the growing season precipitation deficits.
DES MOINES, Iowa-- Iowa regulators have approved a settlement on MidAmerican Energy's plans to increase electric rates to cover rising costs. The Iowa Utilities Board says Tuesday the deal allows MidAmerican to increase annual revenue by $38.7 million, or 4 percent, in 2012. The utility temporarily raised rates in March.
FARGO, N.D.-- Rain and snow that moved into North Dakota last week slowed fieldwork but has also replenished topsoil moisture in many areas. The U.S. Agriculture Department says in its weekly crop, livestock and weather report that harvest of the state's late season crops was already seeing good progress before the moisture moved in.
NEW YORK-- Stocks slumped Tuesday on Wall Street after the International Monetary Fund predicted weaker world economic growth and as investors waited for what they expected to be lower corporate earnings. The slide came on the five-year anniversary of record high closes for the Dow and S&P 500.
NEW YORK-- Shares of BioLineRx jumped nearly 11 percent Tuesday after the company released results from a new clinical trial of its schizophrenia drug. The company reported the initial results from the study in September 2009. BioLineRx shares gained 32 cents to $3.35.
STOCKS FINISH LOWER: The Dow Jones industrial average lost 110 points after the International Monetary Fund cut its forecast for world economic growth. FIVE YEARS ON: The slide came on the fifth anniversary of the stock market's all-time high. The price of oil jumped because of supply concerns in the North Sea and the Middle East.
Aluminum manufacturer Alcoa Inc. says it lost $143 million in the third quarter due to charges, but otherwise topped Wall Street's expectations. Alcoa said Tuesday that the loss amounted to 13 cents per share. But excluding $175 million in charges, Alcoa earned $32 million, or 3 cents per share.
ATLANTIC CITY, N.J.-- New Jersey has cleared the way for casino patrons to gamble on their iPads, smartphones and other mobile devices. Most importantly in this process was the development of regulations that provided safeguards to prevent underage gambling, and to continually ensure the integrity and security of mobile gaming in New Jersey. "
NEW YORK-- Shares of Optimer Pharmaceuticals tumbled 6 percent Tuesday as Wall Street weighed in on the company's marketing strategy and sales of its antibacterial drug Dificid. On Tuesday Oppenheimer& Co. analyst Christopher Holterhoff downgraded Optimer shares to "Perform" from "Outperform," and said he is not convinced the plan will work.
NEW YORK-- Stocks are ending lower on Wall Street after a weak forecast for global growth from the International Monetary Fund. Now investors turn their attention to corporate earnings reports. Aluminum company Alcoa is set to report its results first.
In its latest forecast, the International Monetary Fund said Tuesday that the global economy is weakening and will grow more slowly in the next year. The euro fell to $1.2880 in late trading Tuesday from $1.2967 late Monday. The dollar rose to 0.9404 Swiss franc from 0.9330 Swiss franc and to 97.76 Canadian cents from 97.66 Canadian cents.
NEW YORK-- Small business owners may be pessimistic about the economy and their own companies right now, but they're getting optimistic about the future. A survey released Tuesday by the National Federation of Independent Business shows that owners became more pessimistic during September as employment and sales remained weak.
CASE RESOLVED: Alcoa agreed to pay $85 million to Aluminum Bahrain BSC, or Alba, to settle a bribery lawsuit without admitting liability. THE DETAILS: Bahrain- controlled Alba sued Alcoa and associated companies in 2008, alleging they paid millions of dollars in bribes to Bahrain officials and others.
MILWAUKEE-- A.O. Smith appointed its chief operating officer as CEO Tuesday. President and COO Ajita Rajendra, the new CEO, joined A.O. Smith in 2005 as president of its Water Products Co., which makes residential and commercial water heaters and boilers. Shares of A.O. Smith Corp. fell 40 cents to $57.45 in afternoon trading.
The State Board of Education voted Tuesday to seek a $643 million, or 4.4 percent, spending increase next year for Florida's public schools and colleges. The total $15.6 billion spending request for the budget year beginning July 1, 2013, includes $9.88 billion in basic funding for kindergarten through 12th grade.
CHILLY RECEPTION: German Chancellor Angela Merkel's first visit to Greece since its debt crisis erupted three years ago sparked mostly peaceful protests attended by some 50,000 demonstrators Tuesday in Athens.
ALBANY, N.Y.-- Although profits continue to grow on a still rocky Wall Street, jobs are declining along with tax revenue that's vital to the state and New York City, according to a key annual earnings and employment report released Tuesday by New York state Comptroller Thomas DiNapoli.