AMTRACK SAYS IT WILL HAVE SAFETY TECHNOLOGY ON NORTHEAST CORRIDOR TRACK IT CONTROLS BEFORE DEC 31 DEADLINE BUT 56- MILE STRETCH FROM NEW ROCHELLE, NEW YORK, TO NEW HAVEN, CONNECTICUT, WILL NOT BE COMPLIANT.» Read More
BOSTON-- Investors, concerned about PNC Financial Services Group Inc.' s ability to grow profit amid record-low interest rates and increasing expenses, drove down the bank's shares Tuesday after its third-quarter results.
CHICAGO-- Northern Trust Corp. said Tuesday that it added Jose Luis Prado, president of Quaker Oats North America, to its board. Prado has been head of Quaker Oats North America, a division of PepsiCo Inc., since 2011. He has held a number of leadership positions at PepsiCo since 1984..
CHARLESTON, W.Va.-- West Virginia's seasonally adjusted unemployment rate rose one-tenth of a percentage point to 7.6 percent in September. WorkForce West Virginia said Tuesday that total employment fell by 3,200. The job losses included 2,100 in the service-providing sector and 1,100 in the goods-producing sector.
On the New York Mercantile Exchange:. _ Benchmark U.S. crude ended up 24 cents to $92.09 a barrel in New York. _ Natural gas lost 5 cents to $3.44 per 1,000 cubic feet.
WEST FARGO, N.D.-- Titan Machinery Inc. said Tuesday that it reached a deal to buy Toner's Inc., which includes three CaseIH agricultural equipment dealerships in Nebraska. The trio also offers cost savings opportunities with Titan's existing stores in a nearby Nebraska town, the company said.
CLEVELAND-- Diversified manufacturer Eaton Corp. said Tuesday that three major independent proxy advisory firms have recommended that Eaton shareholders vote in favor of the company's pending acquisition of Cooper Industries plc.
HARRISBURG, Pa.-- A bill to revamp employment rules for children, particularly those working in entertainment, is on its way to the desk of Pennsylvania Gov. The House voted unanimously Tuesday in favor of the measure, which in many ways is patterned after California's law and brings Pennsylvania closer in line with federal rules.
UnitedHealth Group Inc. and other health insurers have been preparing for the health care overhaul for a few years now, but the massive law's future is clouded by next month's presidential elections.
During a conference call with analysts Tuesday on Johnson& Johnson's third-quarter results, Chief Financial Officer Dominic Caruso discussed some recent divestitures and the possibility of further pruning the health care giant's extensive portfolio of prescription and nonprescription drugs, toiletries and medical devices and diagnostic equipment.
The Labor Department said the consumer price index rose 0.6 percent last month, the same as in August, with inflation still in check. Benchmark U.S. crude ended up 24 cents at $92.09 a barrel in New York. Brent crude, which is used to price international varieties of oil, lost 40 cents to finish at $114 a barrel in London.
Among the earnings projection stories for Tuesday, Oct. 16, from AP Business News:. _ Propane company AmeriGas Partners LP predicted net income for its current fiscal year that is above Wall Street expectations, if this winter has "normal" weather.
CAREER: Corbat held several roles at Salomon Brothers, a company that eventually combined with Citi. He also ran Citi Holdings, a portfolio of businesses and assets that Citi sold to raise cash and simplify its corporate structure following the financial crisis.
WASHINGTON-- A federal appeals court in Washington is considering whether marijuana should be reclassified from its current status as a dangerous drug with no accepted medical use.
AMSTERDAM-- Thieves broke into a Rotterdam museum on Tuesday and walked off with works from the likes of Picasso, Monet, Gauguin and Matisse potentially worth hundreds of millions. "Those thieves got one hell of a haul," said Chris Marinello, who directs the Art Loss Register.
WARWICK, R.I.-- Rhode Island officials have announced $110 million in federal funds to pay for a runway extension project at T.F. Green Airport in Warwick. Lincoln Chafee, Warwick Mayor Scott Avedisian, and the interim head of the Rhode Island Airport Corporation, Peter Frazier, discussed the plan Tuesday afternoon at a news conference at the airport.
CITY OF LOVE: The transformation of Batumi, an ancient city of 180,000 near the Turkish border, is a vivid example of Georgia's drive to capitalize on its tourism potential, boosting the economy of an ex-Soviet nation where roughly one person in five lives in poverty.
NEW YORK-- In the latest effort to beat Amazon.com at its game, Target says that for the first time it will match prices that customers find on identical products at select online competitors this holiday season.
PROFIT DROP: Third-quarter net income dropped 7 percent for health care giant Johnson& Johnson, to $2.97 billion, or $1.05 per share, but after adjusting for one-time charges, it beat Wall Street expectations. SALES CLIMB: Revenue rose 6.5 percent to $17.05 billion.
NEW ORLEANS-- A federal magistrate judge has ordered NFL Commissioner Roger Goodell to provide the court with documents related to the league's bounty investigation of the New Orleans Saints. NFL spokesman Greg Aiello said league officials have already discussed the order with Knowles and have agreed to comply.
INDIANAPOLIS-- The Indianapolis Symphony Orchestra and its musicians agreed a new contract Tuesday to end a weekslong lockout and clear the way for the resumption of concerts.