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Latest Business News Wires - Business Headlines


  • McAfee, Westinghouse set security pact for nuclear plants Wednesday, 24 Oct 2012 | 7:24 PM ET

    NEW YORK, Oct 24- Westinghouse Electric Co, a unit of Japan's Toshiba Corp, will rely on Intel Corp's McAfee unit to prevent network intrusions into nuclear power plants that it builds, the two companies said on Wednesday.

  • WASHINGTON, Oct 24- New U.S. single-family home sales surged in September to the highest level in nearly 2-1/ 2 years, further evidence the housing market recovery is gaining steam.

  • *Boeing shares down 0.3 pct, General Dynamics up 2.3 pct. Lockheed Martin Corp, Boeing Co's defense division and Northrop Grumman Corp reported higher earnings and solid margins despite weakening sales.

  • Elderly Seattle developer, wife arrested in France Wednesday, 24 Oct 2012 | 7:20 PM ET

    SEATTLE-- An elderly, bankrupt Seattle real-estate developer who vanished with his wife after a judge demanded they hand over two huge diamonds was arrested Wednesday in a lake town in the French Alps. Police arrested Michael Mastro, 87, and his wife, Linda, at the request of American authorities, said Kayla Celaya, a supervisory deputy with the U.S.

  • *Dow down 0.1 pct, S&P 500 off 0.2 pct, Nasdaq off 0.2 pct. *Boeing dips after results, but housing shares rise. NEW YORK, Oct 24- U.S. stocks edged lower on Wednesday after the Federal Reserve stuck with its plan to keep stimulating the U.S. economy until the job market improves.

  • WASHINGTON, Oct 22- Nobody wants to feel sorry for life insurance companies. They're just the annoying folk who make you think about death, cash your checks, and then give you grief if you ever have to file a claim, right?

  • KBR posts 3Q loss as acquisition loses value Wednesday, 24 Oct 2012 | 7:08 PM ET

    HOUSTON-- Engineering company and contractor KBR Inc. said Wednesday that it lost money in the third quarter as it wrote down the value of a 2010 acquisition. KBR bought Chicago- based Roberts& Schaefer in December 2010 for $280 million.

  • *Treasury auctions $35 billion of 5- year notes. NEW YORK, Oct 24- Prices for U.S.

  • Skechers shares rise on upbeat outlook Wednesday, 24 Oct 2012 | 7:00 PM ET

    MANHATTAN BEACH, Calif.-- Shoe designer and retailer Skechers USA Inc. said Wednesday that its net income rose 39 percent as revenue from its wholesale division and its own stores grew. Net income for the three months ended Sept. 30 rose to $11.6 million, or 22 cents per share, from $8.4 million, or 17 cents per share, last year.

  • Owens-Illinois says European sales hurt results Wednesday, 24 Oct 2012 | 6:59 PM ET

    PERRYSBURG, Ohio-- Owens-Illinois reported a 28 percent drop in quarterly net income on Wednesday, as the economic slowdown in Europe weighed on the company's results. Sales fell 7 percent to $1.74 billion, compared with $1.86 billion in the same quarter of 2011. Sales to Europe sank 15 percent to $652 million compared with the year before.

  • Texas officials may double electricity price cap Wednesday, 24 Oct 2012 | 6:57 PM ET

    AUSTIN, Texas-- The Texas Public Utility Commission is likely to double the price cap on wholesale electricity to encourage more generation.

  • *Delta a penny shy of estimates as US Airways beats. *Delta shares slide 1.6 pct; US Airways up 2.3 pct. Oct 24- U.S. carriers Delta Air Lines and US Airways Group turned in higher quarterly profits on Wednesday and indicated revenue trends looked to be improving following a soft September.

  • *Fed continues with $40 billion/ month bond buying. WASHINGTON, Oct 24- The Federal Reserve on Wednesday stuck to its plan to keep stimulating U.S. growth until the job market improves even as it acknowledged some parts of the economy were looking a bit better.

  • *News Summary: Fed holds to bond-buying plan Wednesday, 24 Oct 2012 | 6:49 PM ET
  • Mass. pharmacy dodged reprimand after protest Wednesday, 24 Oct 2012 | 6:49 PM ET

    BOSTON-- Massachusetts regulators in 2004 proposed a formal reprimand for a company now linked to deadly meningitis outbreak, but they never delivered it after the company protested the reprimand could be "fatal to the business."

  • News Summary: US Airways posts record 3Q profit Wednesday, 24 Oct 2012 | 6:48 PM ET

    HIGH FLIER: US Airways turned in a strong performance during a three-month stretch that covers much of the peak summer season. MERGER IN MIND: The results are especially important to US Airways Group Inc. as it pursues a merger with American Airlines.

  • ABC News wants 'pink slime' lawsuit in fed court Wednesday, 24 Oct 2012 | 6:47 PM ET

    NORTH SIOUX CITY, S.D.-- Lawyers for ABC News are asking to have a defamation lawsuit against the company filed by a South Dakota beef processing plant transferred from circuit court to federal court. Beef Products Inc. sued ABC News Inc. for defamation over its coverage of a meat product that critics dub "pink slime."

  • Angie's List loss widens on higher marketing costs Wednesday, 24 Oct 2012 | 6:44 PM ET

    INDIANAPOLIS-- Angie's List posted a wider loss in the third quarter due to hefty advertising spending, but succeeded in attracting hundreds of thousands of new subscribers to its online business ratings and reviews, boosting revenue by 75 percent. Shares rose $1.21, or more than 13 percent, to $10.30 in after-hours trading on the news.

  • *BBC rocked by accusations of abuse by former TV host. LONDON, Oct 24- Incoming New York Times chief Mark Thompson told Reuters on Wednesday his U.S. employer had given him full support since a sexual abuse scandal erupted at Britain's BBC where he had been in charge until last month.

  • NZ coal mine boss pleads not guilty after disaster Wednesday, 24 Oct 2012 | 6:41 PM ET

    WELLINGTON, New Zealand-- Nearly two years after an explosion at a New Zealand coal mine killed 29 miners, the mine's boss has pleaded not guilty to 12 charges of violating labor laws. Peter Whittall entered the pleas on Thursday in a New Zealand court.