MOSCOW/ KIEV, Dec 7- Moscow and Kiev have yet to reach agreements on reducing Russian gas prices or Ukraine joining a Moscow- led customs union, a spokesman for Russian President Vladimir Putin told reporters on Saturday.» Read More
VAN BUREN TOWNSHIP, Mich.-- Auto parts maker Visteon Corp. said Wednesday that Martin Welch has stepped down as chief financial officer. Visteon, the former parts arm of Ford Motor Co., said Corporate Controller and Chief Accounting Officer Michael Widgren will be its interim CFO. Visteon's shares rose 39 cents to $45.88 in morning trading.
NEW DELHI-- India's Cabinet pushed ahead with a second wave of economic reform proposals, endorsing higher levels of foreign investment in insurance and pension funds and amendments to laws governing competition, Finance Minister Palaniappan Chidambaram said.
The price of oil is higher after tensions rose between Syria and Turkey. Oil rose to $89.21, a jump of $1.06, or 1.2 percent, in morning trading on the New York Mercantile Exchange. The increase in prices came as Turkey's military fired on targets in Syria for the second day.
NORFOLK, Va.-- Virginia Port Authority officials are holding a public hearing on proposals to privatize some of the Port of Virginia's operations. The Port of Virginia is the third-largest port on the East Coast. But state officials have been frustrated that it hasn't rebounded from the recession as quickly as its competitors in New York and Savannah, Ga., have.
NEW YORK-- A new report is highly critical of the Long Island Rail Road's work crew productivity. The Metropolitan Transportation Authority Inspector General Barry Kluger reviewed several recent construction projects and found that LIRR crews reported to work late, knocked off early and that a lack of oversight was widespread.
WASHINGTON-- Orders to U.S. factories fell in August from July, mostly because of a sharp drop in volatile aircraft orders. The decline offset an increase in orders that reflect corporate investment plans. The Commerce Department said Thursday that factory orders dropped 5.2 percent in August, the biggest decline in more than three years.
HOUSTON-- Mattress retailer Mattress Firm says a secondary public offering of about 4.7 million shares has priced at $29.85 apiece. Mattress Firm Holding Corp. said Thursday that it is not selling any shares in the offering. Shares of the Houston- based company, which went public in November 2011, gained $1.56, or 5.2 percent, to $31.74 in morning trading.
HARRISBURG, Pa.-- Officials at Exelon Corp.' s Three Mile Island nuclear facility in central Pennsylvania are beginning to test a new emergency siren system. Exelon says the sirens have improved sound and better battery backup to ensure they'll work during an electrical outage.
NEW BRITAIN, Conn.-- A New Britain Superior Court judge has backed Connecticut's first proposed wind farm. Judge Henry Cohn rejected opponents' claims that the six turbines proposed for Colebrook would unduly hurt the environment or harm neighbors.
CARSON CITY, Nev.-- State Attorney General Catherine Cortez Masto says Nevada residents who lost their homes to foreclosure in 2009 or 2010 have until Dec. 31 to submit an application for possible compensation under the federal Independent Foreclosure Review program.
PHOENIX-- Public and private economists weigh in on the state of Arizona's economy on Thursday as legislative budget analysts evaluate Arizona's fiscal health. The economists serve on the Finance Advisory Committee. That group provides input to the Joint Legislative Budget Committee staff.
AUGUSTA, Maine-- Kaplan University has opened a new campus in Augusta. It's Kaplan's third campus in Maine, joining other ones in South Portland and Lewiston. Kaplan University is based in Chicago and serves nearly 50,000 online and campus-based students.
DOVER, Del.-- Bank of America Corp. is asking the state for up to $10 million in taxpayer money for infrastructure needs related to a processing center project in New Castle County, Del..
The USS Michael Murphy, a 510- foot destroyer, is being commissioned this weekend in New York City for a Long Island native and Navy lieutenant who became the first American awarded the Medal of Honor during the Afghanistan War when he was killed along with two fellow SEALs during an ambush in 2005. He was 29..
ALBANY, N.Y.-- New York is being recognized for being an energy-efficient state. The American Council for an Energy-Efficient Economy rated New York No. 3 behind Massachusetts and California in its state-by-state scorecard for energy efficiency released Wednesday.
DULUTH, Ga.-- Life insurance company Primerica agreed to buy back approximately 2.1 million shares of its common stock from private equity firm Warburg Pincus for just over $60 million. Primerica Inc. said Thursday that it agreed to pay $28.74 per share for the stock, which was where it closed on Wednesday.
STATE COLLEGE, Pa.-- Penn State won't increase football season ticket prices or current donation levels in 2013, and announced tweaks to guidelines including a lower, $200 level of giving for booster-club members.
FRANKFURT, Germany-- European Central Bank President Mario Draghi nudged Spain and its European partners to take up bank's offer of help with the country's high debt costs, reassuring Madrid that the conditions for getting the assistance "don't need to be punitive."