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Latest Business News Wires - Business Headlines


  • Group to release study on tobacco tax increase Wednesday, 24 Oct 2012 | 10:41 AM ET

    BALTIMORE-- A Maryland health advocacy group is releasing a study on the effects of tax increases on small cigars and smokeless tobacco products. The Maryland Health Care For All Coalition is releasing the study on Wednesday in Baltimore. The tax increases were approved this year.

  • Navistar makes public offering of about 10M shares Wednesday, 24 Oct 2012 | 10:41 AM ET

    LISLE, Ill.-- Navistar is making a public offering of about 10 million shares of its stock. Earlier this month Navistar International Corp. added a colleague of activist investor Carl Icahn and a former protege of his to its board in order to head off a proxy war.

  • Senecas adding 200 rooms at western NY casino Wednesday, 24 Oct 2012 | 10:39 AM ET

    SALAMANCA, N.Y.-- The Seneca Nation of Indians is showing off the expansion of the hotel at one of its casinos in western New York. Nation officials say the $53 million project is adding 200 rooms to the Seneca Allegany Casino and Hotel in Salamanca, 50 miles south of Buffalo.

  • Governor holds 'summit' to boost beer, wine in NY Wednesday, 24 Oct 2012 | 10:38 AM ET

    ALBANY, N.Y.-- State regulators, farmers and orchard growers are heading to Albany for New York's wine and beer "summit." The aim of the meeting is to boost wine production and craft brewers, in part to spur job growth. Andrew Cuomo and the state Farm Bureau will lead the discussion of ways state government can help these old, but small, industries flourish in New York.

  • DuPont: Some job cuts coming at western NY plant Wednesday, 24 Oct 2012 | 10:29 AM ET

    TONAWANDA, N.Y.-- Chemical giant DuPont Co. says some of the 1,500 jobs it plans to eliminate are at a plant in western New York. A company spokesman tells Buffalo-area media outlets they're at its factory in the town of Tonawanda, just outside of the city. DuPont announced the cuts Tuesday along with its quarterly earnings.

  • *France's Areva, Japan's Toshiba among reactor builders that could benefit. BEIJING, Oct 24- China will restrict the number of new nuclear reactor approvals to a ``small amount'' before 2015, and will only allow them to be built in coastal regions, the government said on Wednesday.

  • Celebrities rally against hydraulic fracturing Wednesday, 24 Oct 2012 | 10:27 AM ET

    DENVER-- A rally organized by opponents of hydraulic fracturing drew about 200 people to Denver's Civic Center Park on Tuesday night. Jakob Dylan of The Wallflowers, actress Daryl Hannah and others ended the four-hour Frack Free Colorado rally by singing "Stand By Me" on stage together.

  • Enrollment up at Washington universities Wednesday, 24 Oct 2012 | 10:25 AM ET

    SEATTLE-- About a thousand more international students are enrolled at the University of Washington's Seattle campus this fall, but school officials say that doesn't mean they have cut back on the number of in-state students at the state's most selective public university.

  • Secrecy surrounds Ukrainian president's home Wednesday, 24 Oct 2012 | 10:23 AM ET

    KIEV, Ukraine-- When Ukraine's president opened up his home to TV cameras, he presented a cozy place with a small office just big enough for his grandchildren to play in.

  • Jordan's king steers nation through turbulence Wednesday, 24 Oct 2012 | 10:22 AM ET

    AMMAN, Jordan-- The foiling of a planned al-Qaida terror plot in Jordan underscores a new subplot in the story of the Arab Spring: Things are heating up for King Abdullah II, a Western-oriented monarch who has run a business-friendly, pragmatic monarchy with some trappings of democracy.

  • McNamara's effects sell for over $1M at NY auction Wednesday, 24 Oct 2012 | 10:17 AM ET

    NEW YORK-- A silver paperweight that President John F. Kennedy gave to Secretary of Defense Robert McNamara after the Cuban missile crisis sold for $95,500 at an auction Tuesday of McNamara's personal effects, Sotheby's said. McNamara, who died in 2009, served as the head of the Pentagon from 1961 to 1968, first for JFK and then for President Lyndon B. Johnson.

  • Explosion at arms factory rocks Sudan's capital Wednesday, 24 Oct 2012 | 10:16 AM ET

    KHARTOUM, Sudan-- A powerful explosion at a military factory rocked Sudan's capital before dawn Wednesday, sending detonating ammunition flying through the air and causing panic, the official news agency and local media reports said. Khartoum governor Abdul-Rahman Khedr told SUNA agency that no one died in the explosion.

  • Media groups want Legion of Christ papers unsealed Wednesday, 24 Oct 2012 | 10:15 AM ET

    PROVIDENCE, R.I.-- The Associated Press and three other news organizations Tuesday filed legal papers asking a Rhode Island judge to unseal documents in a lawsuit contesting the will of an elderly widow who gave some $60 million to the Legion of Christ, a disgraced Roman Catholic religious order.

  • Porter starts music mentorship program in Memphis Wednesday, 24 Oct 2012 | 10:15 AM ET

    MEMPHIS, Tenn.-- Memphis will now be the home of a national program deploying music industry veterans to mentor young and up-and-coming musicians. David Porter, the songwriter who co-wrote such classics as "Soul Man" and "Hold on I'm Comin," announced the program Tuesday in Memphis.

  • Wyndham Worldwide 3Q earnings slip on currency Wednesday, 24 Oct 2012 | 10:14 AM ET

    PARSIPPANY, N.J.-- Wyndham Worldwide Corp. said Wednesday its third-quarter earnings fell 9 percent as the impact of a stronger dollar and higher costs overshadowed improving revenue. Taking out the effect of currency exchange, Wyndham said net income would have grown by 6 percent.

  • News Summary: Nike sells Umbro for $225M to Iconix Wednesday, 24 Oct 2012 | 10:12 AM ET

    NEW YORK-- THE SALE: Nike has found a buyer for its Umbro brand, known for its soccer jerseys, in Iconix Brand Group Inc. The clothing licensing company is purchasing Umbro for $225 million. SHEDDING ASSETS: Nike Inc. said in May that it planned to sell the Umbro and Cole Haan brands to cut costs and focus on its namesake brand, along with Jordan, Converse and Hurley.

  • News Summary: ADP making changes to jobs report Wednesday, 24 Oct 2012 | 10:12 AM ET

    CHANGE AFOOT: Automatic Data Processing Inc. said Wednesday that it's making some changes to its monthly U.S. employment report. The changes include adding more industry categories, expanding the number of business class sizes to five from three and increasing the sample size used to create the report.

  • BERLIN, Oct 24- Germany plans to quickly purchase a stake in EADS to preserve its influence over the aerospace group, fearing that Daimler could unload shares it holds in the company on the open market, a document obtained by Reuters showed.

  • MELBOURNE, Oct 24- Deutsche Bank has built a 5.2 percent stake in Australian takeover target GrainCorp in recent months, a move that could pay off handsomely as the target's shares have soared and could climb even higher if rival bids appear.

  • 14 eco groups ask Pa. to change drill/water policy Wednesday, 24 Oct 2012 | 10:06 AM ET

    PITTSBURGH-- Fourteen environmental groups have asked Pennsylvania Republican Gov. Tom Corbett to reverse a recent change in how official notifications of possible water pollution related to Marcellus Shale natural gas drilling are handled.