Latest Business News Wires - Business Headlines


  • AstraZeneca, Ironwood partner on IBS drug in China Tuesday, 23 Oct 2012 | 11:58 AM ET

    British drug giant AstraZeneca PLC and a small U.S. drug developer, Ironwood Pharmaceuticals Inc., said Tuesday that they are teaming up to develop and then market Ironwood's new drug for irritable bowel syndrome in China.

  • *EU plan to put more women on company boards stuck Tuesday, 23 Oct 2012 | 11:58 AM ET
  • WHY IT MATTERS: Wall Street regulation and reform Tuesday, 23 Oct 2012 | 11:53 AM ET

    In its wake, Congress set out to overhaul how the government oversees Wall Street. The hard-fought law was a big victory for President Barack Obama, and he would defend it.

  • BP asks for Gulf spill deal ok despite objections Tuesday, 23 Oct 2012 | 11:52 AM ET

    NEW ORLEANS-- Oil giant BP has asked a federal judge to disregard objections from a fraction of claimants and give final approval to a proposed multibillion-dollar settlement over economic damages from the Gulf oil spill.

  • Prologis posts 3Q loss, raises 2012 forecast Tuesday, 23 Oct 2012 | 11:49 AM ET

    SAN FRANCISCO-- Industrial real estate developer Prologis Inc. posted a third-quarter loss, but said its core funds from operations improved from a year ago on a 9 percent increase in revenue. Prologis raised its forecast for full-year core FFO to between $1.72 and $1.74 per share, up from $1.64 to $1.70 per share.

  • Boeing speeds 777 production to 8.3 per month Tuesday, 23 Oct 2012 | 11:47 AM ET

    CHICAGO-- Boeing Co. said Tuesday that it has begun building its 777 jet at the highest rate that it's ever made a big passenger jet, aiming to crank out more than eight planes per month. Boeing has long said it would ramp up the pace of 777 production.

  • WHY IT MATTERS: Cybersecurity Tuesday, 23 Oct 2012 | 11:46 AM ET

    The risk of a devastating cyberattack on the United States is real. There's no question the country remains vulnerable to an "electronic Pearl Harbor," as debate continues on the role the federal government should play in securing computer networks that control the nation's electrical grid, water supply and other critical sectors.

  • Goodell: NFL could drop Pro Bowl Tuesday, 23 Oct 2012 | 11:41 AM ET

    NEW YORK-- The NFL will consider dropping the Pro Bowl if the level of play doesn't improve, Commissioner Roger Goodell said Monday night. Appearing on SiriusXM NFL Radio's " Town Hall," Goodell agreed with host Michael Strahan that last January's Pro Bowl "was embarrassing."

  • Groups win challenge to gene-altered crops Tuesday, 23 Oct 2012 | 11:40 AM ET

    District Judge James E. Boasberg rejected the federal government's argument that the environmental groups' lawsuit was moot because the Fish and Wildlife Service had already agreed to stop the practice after this year.

  • Oil price drops near $86 on global growth concerns Tuesday, 23 Oct 2012 | 11:37 AM ET

    Benchmark oil is down $2.46, or 2.8 percent, to $86.19 in New York. 3 M Co., with products ranging from Scotch tape to traffic sign coatings, and Posco, the big Korean steel maker, were among the major companies that cut forecasts because of weak economic growth in China and Europe. Brent crude fell $1.87, or 1.7 percent, to $107.57 in London.

  • Greek junior gov't partner blocks reforms deal Tuesday, 23 Oct 2012 | 11:35 AM ET

    ATHENS, Greece-- A junior partner in Greece's governing coalition has refused to lift its opposition to a new package of austerity measures, which bailout creditors have been demanding for months in exchange for more rescue loans.

  • More BBC staff probed on sex claims post-Savile Tuesday, 23 Oct 2012 | 11:29 AM ET

    LONDON-- A sexual abuse scandal shaking the BBC broadened Tuesday, with the broadcaster saying that it is investigating claims of sexual abuse and harassment against nine staff members and contributors, in addition to the late disgraced children's TV host Jimmy Savile.

  • Chinese issue letter criticizing case against Bo Tuesday, 23 Oct 2012 | 11:27 AM ET

    BEIJING-- An array of activists, academics and dissidents are questioning the authorities' purge of Bo Xilai, demanding that China's legislature follow the rule of law and allow the disgraced leader to defend himself before lawmakers.

  • Lab testing services company creating 350 SC jobs Tuesday, 23 Oct 2012 | 11:26 AM ET

    ROCK HILL, S.C.-- A company that provides medical testing services is bringing more than 350 jobs to a new facility in South Carolina's York County. State and company officials said Tuesday that Physicians Choice Laboratory Services is planning to invest more than $24 million to set up a new facility.

  • Seattle man gets Billy Idol to play his birthday Tuesday, 23 Oct 2012 | 11:26 AM ET

    SEATTLE-- Michael Henrichsen has ideas about how he might celebrate his 26th birthday this week. First, Billy Idol rolls up in a limo and tells him to hop in.

  • Paper maker Stora Enso in $104 million Q3 profit Tuesday, 23 Oct 2012 | 11:25 AM ET

    HELSINKI-- Nordic paper maker Stora Enso Oyj reported Tuesday a third-quarter net profit of 80 million but says it will slash 520 jobs to save 36 million annually. Stora's job cuts _ mostly in Finland, Sweden and Poland _ will be accompanied by mill closures in Sweden and Finland and efficiency improvements at several other plants, the company said.

  • Schieffer ends final debate with advice: go vote Tuesday, 23 Oct 2012 | 11:21 AM ET

    NEW YORK-- Bob Schieffer took a light hand Monday as moderator of the final presidential debate, ending with advice from his mother: "Go vote.

  • WVU plans to buy more properties in Morgantown Tuesday, 23 Oct 2012 | 11:19 AM ET

    MORGANTOWN, W.Va.-- West Virginia University plans to buy nearly 40 properties in Morgantown in a $14.5 million real estate deal that the Board of Governors was set to consider Tuesday afternoon. WVU officials have declined to discuss the details this week but told media outlets they may have more to say in a few days.

  • RI's Bryant gets $1M gift from Hasbro official Tuesday, 23 Oct 2012 | 11:17 AM ET

    SMITHFIELD, R.I.-- Bryant University has received a $1 million gift from the foundation established by the chairman of the Hasbro toy company's executive committee to support the work of the school's Institute for Public Leadership.

  • SunTrust Banks falls as 3Q expenses climb Tuesday, 23 Oct 2012 | 11:16 AM ET

    NEW YORK-- Shares of SunTrust Banks continued to fall on Tuesday, after the regional bank posted higher third-quarter expenses amid low interest rates.