The Santa Fe New Mexican reports a Florida law firm filed the lawsuit this week against the maker of American Spirit cigarettes, Santa Fe Natural Tobacco Co., and its parent company, Reynolds American Inc.. According to documents, the lawsuit cites a Food and Drug Administration warning that the use of words such as "natural" or "additive free" in their advertising...» Read More
MANDAN, N.D.-- Novaspect Holdings Inc., which supplies and services valves and other flow-control components for the energy industry, is building a facility in Mandan, N.D.. The company expects to have about 30 employees within two years, and an annual payroll of $2.6 million.
JEFFERSON CITY, Mo.-- Missouri payrolls increased by 2,500 in September as the state's unemployment rate declined to 6.9 percent, the lowest mark since late 2008.. The state Department of Economic Development released the report Tuesday.
BOSTON-- Shares of WD-40 Co. tumbled on Tuesday after the maker of spray lubricant and cleaning products reported disappointing quarterly results and a sharp decline in sales to European customers.
LOS ANGELES-- The founders of the studio behind "Shrek," "Madagascar" and "Kung Fu Panda" are donating $90 million to a Hollywood charity that offers support to seniors and health services for members of the entertainment industry.
Mattel Inc., the largest U.S. toymaker, said Tuesday that its net income rose 22 percent in the third quarter, helped by sales of Fisher Price and Monster High dolls and cost costs. Total quarterly revenue: Up 4 percent to $2.08 billion. _ American Girl: Up 16 percent to $102 million.
MCLEAN, Va.-- Booz Allen Hamilton Holding Corp. is buying ARINC Inc.' s defense systems engineering and support unit for about $154 million in cash. The parent company of consulting firm Booz Allen Hamilton said Tuesday that the division will complement its existing service base.
SHORT HILLS, N.J.-- Investors Bancorp Inc. has closed on its $135 million acquisition of Marathon Banking. "The addition of Marathon more than doubles our branch network in the New York market and provides opportunities for us to enhance our commercial franchise," Investors Bancorp President and CEO Kevin Cummings said in a statement.
NO NUKES: German Chancellor Angela Merkel defended her government's decision to phase out nuclear power and switch to renewable energies within a decade, but acknowledged the need to speed up the plan. Business leaders have criticized the way the switchover has been managed, saying the costs are spiraling and hurting some companies.
INDUSTRIAL PRODUCTION: Output at the nation's factories, mines and utilities increased a modest 0.4 percent in September after falling 1.4 percent in August.
BOSTON-- State Street Corp. shares rose on Tuesday after the custody bank's third-quarter earnings topped Wall Street expectations due to expense cutting and growth in investment management revenue. THE SPARK: The Boston- based company reported adjusted earnings of $473 million, or 99 cents per share, on revenue of $2.36 billion.
Einstein Noah Restaurant Group Inc., which is also considering selling itself, said that it expects to report net income of $3.4 million on revenue of $105.5 million for the quarter that ended on Oct. 2. That falls short of the $3.6 million in profit and $108.3 million in revenue that analysts polled by FactSet were expecting.
CONFIDENCE BOOST: The National Association of Home Builders/Wells Fargo builder sentiment index increased to 41 in October. That's up from 40 in September and the highest reading since June 2006, just before the housing bubble burst. HEIGHTENED INTEREST: A gauge of traffic by prospective buyers rose 5 points to 35, the highest level since April 2006.
Benchmark U.S. crude fell 13 cents to $91.72 in New York. Brent crude, used to price many foreign varieties of oil, was down 68 cents at $113.72 in London. The Labor Department said the consumer price index rose 0.6 percent last month, the same as in August, with inflation still in check.
CAMBRIDGE, Mass.-- Ironwood Pharmaceuticals Inc. said Tuesday it turned a profit in the third quarter after the Food and Drug Administration approved its irritable bowel syndrome treatment Linzess.
CONCORD, N.H.-- New Hampshire's unemployment rate is 5.1 percent for September, slightly less than it was a year ago. The rate was down from the August figure of 5.7 percent. The unemployment rate in New Hampshire in September 2011 stood at 5.2 percent.
Mattel said Tuesday that its net income rose 22 percent in the third quarter on cost cuts and higher sales of toys such as Monster High dolls and Fisher Price. Here CEO Bryan Stockton discusses global toy industry sales. As you look at Europe, frankly, we are quite pleased with the toy business in Europe.
Japan's Nikkei 225 index rose 0.9 percent to 8,658.82 and South Korea's Kospi climbed 0.4 percent to 1,932.78. Electronics company Toshiba Corp. rose 1.9 percent in Tokyo while Samsung Electronics Co. rose 1.7 percent in Seoul.
NEW YORK-- Leslie Moonves has a new five-year contract with broadcaster CBS that extends his term as chief executive through June 2017. CBS said 63- year-old Moonves' salary will remain the same and he will still be eligible for an annual bonus and stock grants.