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Latest Business News Wires - Business Headlines


  • *Romney, Obama joust over tax plans and debt Wednesday, 17 Oct 2012 | 10:09 AM ET
  • Outlook roundup: CSX, Potash Wednesday, 17 Oct 2012 | 10:09 AM ET

    Among the earnings projection stories for Wednesday, Oct. 17, from The Associated Press:. _ CSX Corp. predicts its shipping volume will be relatively flat in the fourth quarter because demand for coal remains weak and the economy is growing slowly.

  • Abbott Labs 3Q profit up without year-ago charges Wednesday, 17 Oct 2012 | 10:05 AM ET

    WASHINGTON-- Drug and medical device maker Abbott Laboratories reported higher third-quarter profit Wednesday, edging past analyst expectations, even as revenue slipped. Net income for the three months through Sept. 30 jumped to $1.9 billion, or $1.21 per share, from $303 million, or 19 cents per share, a year ago.

  • Food prices in Wis. dip slightly in 3rd quarter Wednesday, 17 Oct 2012 | 10:05 AM ET

    MADISON, Wis.-- A survey by the Wisconsin Farm Bureau Federation says food prices dipped slightly between July and September. In the third quarter of 2012, the total was $49.60. Federation spokesman Casey Langan says there are no apparent trends affecting food prices right now.

  • Decades late, FDR memorial park is opening in NYC Wednesday, 17 Oct 2012 | 10:05 AM ET

    NEW YORK-- It's been nearly 40 years since New York City started planning a memorial to President Franklin Roosevelt on an island in the East River. Welfare Island was renamed Roosevelt Island, and American architect Louis Kahn was commissioned to design a park honoring the 32nd president.

  • USDA: $61M provided for ND housing projects Wednesday, 17 Oct 2012 | 10:05 AM ET

    BISMARCK, N.D.-- The U.S. Department of Agriculture's Rural Development agency says it provided more than $61 million for North Dakota housing projects during the past fiscal year. The agency says funds in fiscal 2012 included loans for single-family homes and more than $3 million in rental assistance to low-income tenants.

  • *Uruguay Senate prepares for final abortion debate Wednesday, 17 Oct 2012 | 10:04 AM ET
  • Maine agricultural officials head to Washington Wednesday, 17 Oct 2012 | 10:04 AM ET

    AUGUSTA, Maine-- Maine agricultural officials are heading to Washington, D.C., to work with the state's congressional delegation and federal officials regarding the demise of the 2008 Farm Bill. Commissioner Walter Whitcomb says the Farm Bill expired Sept. 30, putting Maine's dairy producers at risk.

  • Vt holds public meetings on maple grading changes Wednesday, 17 Oct 2012 | 10:03 AM ET

    MONTPELIER, Vt.-- Maple syrup producers will get a chance to weigh in on whether Vermont should do away with the term fancy for its maple syrup. The proposed changes to the maple grading system would unify the classification system across the United States and Canada.

  • Maine governor makes energy video Wednesday, 17 Oct 2012 | 10:03 AM ET

    Paul LePage has a new video about Maine's energy future, and renewable energy in particular. The three-minute video, Energy: Maine's Economic Barrier, appeared Tuesday on the Office of the Governor website. It finds fault with Maine's Renewable Portfolio Standard, the state law that sets minimums for power generated from renewable energy sources.

  • Analysis: Lost in debate: reality of US-China ties Wednesday, 17 Oct 2012 | 10:03 AM ET

    BEIJING-- In the simplistic narrative of U.S. presidential politics, China is a Hollywood villain, a monetary cheat that is stealing American jobs.

  • BlackRock 3Q net income up 7.9 pct. on ETF demand Wednesday, 17 Oct 2012 | 10:03 AM ET

    NEW YORK-- BlackRock Inc. said Wednesday that its third-quarter net income rose 7.9 percent, boosted by an influx of investor cash into its low-cost iShares exchange-traded funds.

  • Health experts examine Miss. infant mortality rate Wednesday, 17 Oct 2012 | 10:02 AM ET

    JACKSON, Miss.-- Health experts are gathering Wednesday in Jackson to discuss ways to reduce Mississippi's infant mortality rate, which is the highest in the nation.

  • News Summary: Knight Capital posts big 3Q loss Wednesday, 17 Oct 2012 | 10:01 AM ET

    THE QUARTER: Knight Capital Group said it lost $764.3 million in the third quarter because of a software glitch that flooded the market with trades, causing dozens of stocks to fluctuate wildly. THE ERROR: Early on Aug. 1, dozens of stocks started rising and falling sharply for no apparent reason.

  • Uranium mining focus of Southside Va. forum Wednesday, 17 Oct 2012 | 10:01 AM ET

    CHATHAM, Va.-- A multi-agency working group examining various aspects of uranium mining is heading to Southside Virginia for a public meeting. The Uranium Working Group is scheduled to meet Wednesday night in Chatham for its fifth public forum.

  • Gas prices down nearly 3 cents in W.Va. Wednesday, 17 Oct 2012 | 10:00 AM ET

    CHARLESTON, W.Va.-- Gasoline prices have fallen nearly 3 cents per gallon on average in West Virginia over the past week. AAA East Central says the price for a gallon of regular, unleaded gas in the state is $3.87. Prices range from $3.80 in Weirton to $3.96 in Martinsburg.

  • FBI: Man tried to open plane's door after landing Wednesday, 17 Oct 2012 | 10:00 AM ET

    SALT LAKE CITY-- The FBI has arrested a man accused of disrupting a Delta Air Lines Inc. flight and damaging the airplane by running up the aisle shortly after landing and attempting to open an emergency exit.

  • Fans stand and cheer for author J.K. Rowling Wednesday, 17 Oct 2012 | 9:59 AM ET

    NEW YORK-- Just the mention of her name, J.K. Rowling, had the audience screaming and on its feet. The "Harry Potter" author spoke for just over an hour before a capacity crowd Tuesday night at Manhattan's Lincoln Center in her sole U.S. public appearance to promote her first novel for grownups, "The Casual Vacancy."

  • Fee income boosts BNY Mellon net income in 3rd-qtr Wednesday, 17 Oct 2012 | 9:58 AM ET

    NEW YORK-- The Bank of New York Mellon's net income rose 11 percent in the third quarter, as the company slashed expenses and collected more fees for managing investments. BNY Mellon's net income in the quarter ended Sept. 30 rose to $720 million, or 61 cents per share, from $651 million, or 53 cents per share in the same period a year earlier.

  • Application process for Mass. casinos to begin Wednesday, 17 Oct 2012 | 9:53 AM ET

    BOSTON-- Another step on the long road to casino gambling in Massachusetts is being taken as a 90- day window opens for developers to submit preliminary applications to the state. The Massachusetts Gaming Commission plans to make applications available on Wednesday to companies interested in bidding for the sole license to operate a slot parlor.