GO
Loading...

Latest Business News Wires - Business Headlines

More

  • News Summary: Tourism thrives in Georgia Tuesday, 16 Oct 2012 | 2:51 PM ET

    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.

  • Target to match some rivals' online prices Tuesday, 16 Oct 2012 | 2:49 PM ET

    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.

  • News Summary: J&J 3Q net income down, sales up Tuesday, 16 Oct 2012 | 2:43 PM ET

    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.

  • Judges wants to see NFL bounty documents Tuesday, 16 Oct 2012 | 2:42 PM ET

    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 symphony, musicians reach new deal Tuesday, 16 Oct 2012 | 2:42 PM ET

    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.

  • *Chelsea Clinton visits Nigeria on health mission Tuesday, 16 Oct 2012 | 2:40 PM ET
  • Bermuda prepares for Hurricane Rafael's wind, rain Tuesday, 16 Oct 2012 | 2:39 PM ET

    HAMILTON, Bermuda-- Hurricane Rafael is expected to unleash heavy winds and rain as it passes east of Bermuda late Tuesday en route to open sea, where it is expected to lose strength. It was located 225 miles south of Bermuda late Tuesday morning, moving north-northeast at 24 mph.

  • News Summary: Foxconn finds underage workers Tuesday, 16 Oct 2012 | 2:37 PM ET

    YOUNG AT WORK: Electronics manufacturer Foxconn said it found underage interns as young as 14 working at one of its factories in China. China's minimum legal working age is 16.. THE COMPANY: Foxconn, owned by Taiwan's Hon Hai, is best known as the manufacturer of Apple's iPhone but said the factory in question had no connection with its work for Apple.

  • Greek junior gov't partner rejects labor reforms Tuesday, 16 Oct 2012 | 2:36 PM ET

    Parliament must approve the measures within the next few weeks so that Greece can keep receiving bailout money it desperately needs to stay solvent.

  • News Summary: Sprint suitor Son stands apart Tuesday, 16 Oct 2012 | 2:33 PM ET

    THE DEAL: In Softbank Corp. President Masayoshi Son's latest mega-deal, the Japanese company is taking 70 percent stake in Sprint Nextel Corp. for $20 billion. THE DEAL-MAKER: The biggest foreign acquisition in the history of Japan Inc. underlines Son's unusual status in a corporate culture that has long favored stability over risk-taking.

  • Movers roundup: State Street, Bankrate Tuesday, 16 Oct 2012 | 2:32 PM ET

    Among the stock activity stories for Tuesday, Oct. 16, from AP Business News:. _ State Street Corp. shares rose on after the custody bank's third-quarter earnings topped Wall Street expectations due to expense cutting and growth in investment management revenue.

  • Stryker to buy Surpass Medical for at least $100M Tuesday, 16 Oct 2012 | 2:30 PM ET

    KALAMAZOO, Mich.-- Medical device maker Stryker Corp. said Tuesday that it reached a deal to buy privately held Surpass Medical Ltd. for $100 million in cash, plus up to $35 million in milestone payments.

  • Movers roundup: WD-40, Isis Pharmaceuticals Tuesday, 16 Oct 2012 | 2:29 PM ET

    Among the stock activity stories for Tuesday, Oct. 16, from AP Business News:. _ Shares of WD-40 Co. fell after the maker of spray lubricant and cleaning products reported disappointing quarterly results and a sharp decline in sales to European customers.

  • News Summary: China critic to sell Taiwan holding Tuesday, 16 Oct 2012 | 2:26 PM ET

    THE DEAL: A Hong Kong media magnate highly critical of China, Jimmy Lai, is selling one of his Taiwanese companies to a group headed by Jeffrey Koo Jr., a local businessman whose family has substantial interests on the mainland, for about $580 million.

  • Questcor rises after hedge fund discloses stake Tuesday, 16 Oct 2012 | 2:23 PM ET

    NEW YORK-- Share of Questcor Pharmaceuticals Inc. climbed Tuesday after the hedge fund Deerfield Management Co. disclosed a stake in the beleaguered company. THE SPARK: Deerfield President James Flynn disclosed ownership of 3.5 million Questcor shares, or a 5.8 percent stake in the Anaheim, Calif., drugmaker.

  • News Summary: Johnny Depp starting book imprint Tuesday, 16 Oct 2012 | 2:20 PM ET

    LITERARY ACTOR: Johnny Depp will help run a HarperCollins Publishers book imprint with the same name as his production company, Infinitum Nihil, meaning "Nothing is forever." WRITING ABOUT MUSICIANS: Set for release in 2015 is "The Unraveled Tales of Bob Dylan." It will be based in part on interviews with Dylan by best-selling historian Douglas Brinkley.

  • Kythera Biopharma completes IPO of 5.1M shares Tuesday, 16 Oct 2012 | 2:19 PM ET

    NEW YORK-- Kythera Biopharmaceuticals Inc. said Tuesday that it has completed its initial public offering of 5.1 million shares. Kythera is based in Calabasas, Calif., company, and it is developing an injectable treatment for double chins called ATX-101. Shares of Kythera rose $2.63, or 12.7 percent, to $23.38 in afternoon trading.

  • Bio Box: Citigroup's departing CEO, Vikram Pandit Tuesday, 16 Oct 2012 | 2:19 PM ET

    CAREER: Pandit joined Morgan Stanley as an associate in 1983. Seven years later, he was named head of Morgan Stanley's U.S. stock business. In 2005 he left Morgan Stanley and a year later helped found a hedge fund, Old Lane. Citigroup bought the fund in April 2007 and fast-tracked him to replace Charles Prince as CEO in December of that year.

  • Browns sale to Haslam approved; Holmgren to leave Tuesday, 16 Oct 2012 | 2:18 PM ET

    New Cleveland Browns owner Jimmy Haslam III said Tuesday that Holmgren was out as team president, although the Super Bowl-winning coach will remain with the franchise to help in the transition. Haslam was introduced as the Browns' new boss after the 32 NFL owners unanimously approved his $1 billion purchase of the team from Randy Lerner.

  • Court hears arguments in Calif. clean fuels case Tuesday, 16 Oct 2012 | 2:14 PM ET

    SAN FRANCISCO-- In a case seeking to stop California's first-in-the-nation mandate requiring fuel producers to reduce greenhouse gas emissions, federal justices on Tuesday focused their questions on whether the law discriminates against out-of-state businesses.