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  • Famous Dave's names new CEO Monday, 8 Oct 2012 | 6:17 PM ET

    MINNEAPOLIS-- Famous Dave's of America Inc. on Monday named John Gilbert III the new CEO of the company, replacing Christopher O'Donnell, who served as head of the barbeque restaurant chain since 2008..

  • SpaceX launch good for NASA, not private firm Monday, 8 Oct 2012 | 6:08 PM ET

    WASHINGTON-- A private rocket successfully sent a capsule full of cargo zipping toward the International Space Station in a first of its kind delivery for NASA, but couldn't deliver on job No. 2: putting a commercial satellite into the correct orbit. It is the first of a dozen supply runs under a mega-contract with NASA.

  • Boston Scientific in deal to buy Rhythmia Medical Monday, 8 Oct 2012 | 5:55 PM ET

    NATICK, Mass.-- Boston Scientific Corp. said Monday it will buy Rhythmia Medical, which makes mapping and navigation systems used in heart surgeries, for up to $265 million.

  • Analyst downgrades Intel, sees pricing pressure Monday, 8 Oct 2012 | 5:49 PM ET

    NEW YORK-- A Bernstein Research analyst downgraded Intel Corp. on Monday, foreseeing pricing pressures for the chip maker in the next 12 to 18 months. The analyst, Stacy Rasgon, downgraded Intel to "Underperform" from "Market Perform" and cut his target price to $20 from $24.

  • Continental Resources unveils 5-year growth plan Monday, 8 Oct 2012 | 5:43 PM ET

    OKLAHOMA CITY-- Continental Resources Inc. said Monday that it plans to triple production and proved reserves of oil and natural gas liquids in the next five years on its leased properties in the U.S.

  • GM moves to bring computer technology in-house Monday, 8 Oct 2012 | 5:37 PM ET

    General Motors is moving past layoffs and the Motor City's rusty, low-tech image. "The companies that build the software themselves in general are going to have an advantage," says David Kirkpatrick, author of a book about Facebook and CEO of Techonomy Media Inc., a New York firm that specializes in setting up technology conferences. "

  • Eurogroup chief: Lenders, Greece should agree soon Monday, 8 Oct 2012 | 5:34 PM ET

    LUXEMBOURG-- Greece and its international lenders need to agree quickly on a program of reforms so the next tranche of bailout loans can be released, the head of the group finance ministers from the 17 countries that use the euro said Monday.

  • ScanSource says revenue may fall short Monday, 8 Oct 2012 | 5:33 PM ET

    GREENVILLE, S.C.-- Technology products distributor ScanSource Inc. said Monday that its revenue for its most recent quarter may miss market expectations. ScanSource's forecast falls short of the $760.1 million that analysts polled by FactSet forecast. Shares of ScanSource, based in Greenville, S.C., fell 41 cents to close at $31.21.

  • United Airlines reports dip in key revenue measure Monday, 8 Oct 2012 | 5:32 PM ET

    CHICAGO-- United Airlines says that passenger traffic and a closely watched revenue statistic both declined in September, compared with the same month last year. United Continental Holdings Inc. said Monday that passenger revenue per available seat mile fell by 2.5 to 3.5 percent last month.

  • Edwards Lifesciences slides on weak 3Q outlook Monday, 8 Oct 2012 | 5:30 PM ET

    IRVINE, Calif.-- Edwards Lifesciences Corp. shares fell nearly 16 percent in after-hours trading Monday following a disappointing third-quarter revenue forecast Monday, including weak sales of its Sapien heart valve. Edwards said government austerity measures hurt its revenue from Europe while U.S. sales are constrained by Medicare coverage issues.

  • EU diplomat: Portugal to get next slice of aid Monday, 8 Oct 2012 | 5:15 PM ET

    LUXEMBOURG-- Portugal's international creditors have agreed to give the country the next slice of its rescue loans, worth 4.3 billion, according to a European Union diplomat.

  • Saba Software receives warning from Nasdaq Monday, 8 Oct 2012 | 5:10 PM ET

    REDWOOD SHARES, Calif.-- Saba Software Inc. said Monday that it has been notified that it is at risk of being delisted from the Nasdaq Stock Market because it has not filed its fiscal third- and fourth-quarter reports and will not file its first-quarter report on time.

  • Movers roundup: Netflix, Glu Mobile Monday, 8 Oct 2012 | 5:08 PM ET

    _ Netflix Inc.' s stock surged 10.5 percent after an analyst sought to ease investor fears that the online subscription service will face intensifying completion from Amazon.com. _ Shares of Glu Mobile Inc. got a boost after the mobile game developer said it signed a gambling deal with Probability PLC.

  • Oxford Industries CEO to retire, Chubb takes seat Monday, 8 Oct 2012 | 5:01 PM ET

    ATLANTA-- Oxford Industries Inc. said Monday that J. Hicks Lanier, CEO of the clothing company, is retiring at the end of the year. Oxford said that Thomas Chubb III, president and a current member of the board, has been named CEO and president of the company beginning Jan. 1. Oxford, based in Atlanta, owns clothing brands such as Tommy Bahama and Lilly Pulitzer.

  • News Summary: Stocks slip on earnings jitters Monday, 8 Oct 2012 | 5:00 PM ET

    WEAK ASIA: The World Bank warned that a "more pronounced slowdown" is possible in China. MOVERS: Navistar rose $1.60 to $22.81 after the truck and engine maker said it will add two board members associated with activist investors, heading off a proxy battle.

  • EU source: Portugal to get next slice of aid Monday, 8 Oct 2012 | 4:56 PM ET

    LUXEMBOURG-- A European Union diplomat says Portugal's international creditors have agreed to give the country the next slice of its rescue loans, worth 4.3 billion. The decision was widely expected, even though Portugal has said it would miss the targets laid out in exchange for the 78 billion bailout.

  • Netflix, Green Dot, Alliance are market movers Monday, 8 Oct 2012 | 4:52 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:. Green Dot Corp., down $2.60 at $10.25. Shares of the prepaid card seller fell after Wal-Mart Stores Inc. and American Express said they will team up to make a rival card.

  • Panel suspends pipeline hearings to hold talks Monday, 8 Oct 2012 | 4:52 PM ET

    SAN FRANCISCO-- A California judge has approved a request to suspend public hearings and hold closed-door negotiations on fines to be levied after a deadly natural gas pipeline explosion in a Northern California neighborhood.

  • American Airlines CEO acknowledges rough few weeks Monday, 8 Oct 2012 | 4:47 PM ET

    NEW YORK-- American Airlines' CEO acknowledges that passengers have had a rough few weeks on the airline but says the carrier is working through its issues. "The operational performance is improving," CEO Tom Horton said in an interview with The Associated Press on Monday. " In that same period Delta, Southwest and U.S. Airways were all above 85 percent.

  • News Summary: Commodities fall on China forecast Monday, 8 Oct 2012 | 4:45 PM ET

    ECONOMIC DRIFTS: Most commodity prices fell after a forecast of slower growth in China ramped up concerns about the global economy. GLOBAL GLOOM: The World Bank cut its growth forecast for China, citing weak global demand. Meanwhile, European finance ministers met as unrest continued in Greece and Spain over austerity cuts.

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