SHANGHAI, July 24- China's food regulator has visited close to 600 restaurants, businesses and food distributors, the watchdog said in a statement, in an investigation into a fast-spreading food safety scare. The safety scare has already dragged in U.S. chains McDonald's Corp, KFC-parent Yum Brands Inc and coffee giant Starbucks Corp..» Read More
GROSSETO, Italy-- The captain of the cruise ship that crashed into an Italian reef appeared in court Monday to hear the evidence against him, while passengers who survived the deadly shipwreck and the families of those who died showed up just "to look him in the eye."
WASHINGTON-- Motorists in Delaware region are paying 2 cents less at the pump compared to a week ago. AAA Mid-Atlantic said Sunday in a weekly report that the average price of a gallon of regular gas in Delaware is $3.76. At this time last year Delaware drivers were paying $3.35 per gallon.
AUGUSTA, Maine-- Maine's Bureau of Consumer Credit Protection is offering a new publication covering all aspects of financing a college education. The 60- page "Downeaster Common Sense Guide to Student Loans" outlines different ways to pay for higher education, including scholarships, grants, loans and other financing methods.
WASHINGTON-- Motorists in the Mid-Atlantic region are paying a penny less at the pump this week. AAA Mid-Atlantic said Sunday in a weekly report that the average price of a gallon of regular gas in the D.C. metro area is $3.73 this week. That's compared to $3.74 a week ago.
An analyst upgraded shares of wheel and tire supplier Titan International Inc. Monday after the recent slump in its shares, saying there could be stock gains ahead. Jefferies& Co. analyst Stephen Volkmann lifted Titan to "Buy" from "Hold," with a $23 price target. Still, he cut his earnings estimate for the year, to $2.40 per share from $2.50 per share.
COLUMBUS, Ohio-- Ohio's state watchdog hasn't yet released an investigative report on the investment scandal that engulfed Ohio in 2005 _ and critics want to know why.
WASHINGTON-- Americans stepped up their spending at retail businesses in September, reflecting higher consumer confidence. Retail sales rose 1.1 percent last month to a seasonally adjusted $412.9 billion, the Commerce Department said Monday. Both were the largest gains since October 2010.
SKOWHEGAN, Maine-- A Maine ice cream company has taken home the top ice cream prize at a national dairy product contest for the third straight year. Gifford's Ice Cream was named the Ice Cream Grand Champion at the 2012 World Dairy Expo, held earlier this month in Madison, Wis..
Shares of Amedisys Inc. sank in premarket trading Monday after the home health care provider said its annual revenue from health insurer Humana Inc. will shrink. Amedisys, based in Baton Rouge, La., said a new agreement with Humana will generate about half of the roughly $65 million to $70 million it has produced.
DOS PALOS, Calif.-- Cannon Michael is a folk hero across California's agriculture heartland, where these days the price of scrap metal influences a farmer's bottom line as much that of the fine pima cotton he grows.
Lloyd Shapley of UCLA and Alvin Roth, a Harvard University professor currently visiting at Stanford University, found ways to make markets work when traditional economic tools fail. Unlike some recent Nobel prizes _ such as the Peace Prize that went to the embattled European Union last week _ this year's economics award did not seem to send a political message.
NEW YORK-- Delcath Systems Inc. says its potential treatment for a form of liver cancer has been accepted by the Food and Drug Administration for a standard review. Delcath submitted its application on Aug. 15. Shares of Delcath fell 22 cents, or 10.5 percent, to $1.87 in premarket trading Monday.
NEW YORK-- Citigroup said Monday that it beat Wall Street predictions for quarterly earnings after stripping out a big loss on its retail brokerage and other one-time charges. That amounts to $1.06 per share, beating the 96 cents predicted by analysts polled by financial data provider FactSet.
Companies ranging from Alcoa to Wells Fargo put up numbers that were hardly weak but still gave investors reason to pause. On Monday, Citigroup easily beat Wall Street expectations for the third quarter, posting net income of $3.3 billion.
NEW YORK-- Pizza Hut is rethinking its contest daring people to ask "Sausage or Pepperoni?" at the presidential debate Tuesday. The pizza delivery chain had offered the prize _ a pie a week for 30 years or a check for $15,600 _ to anyone who posed the question to either President Barack Obama or Republican candidate Mitt Romney during the live Town Hall- style debate.
NEW YORK-- An analyst continues to believe that Urban Outfitters will be able to turn around its business during the second half of the year, driven by fewer markdowns and better products at its stores.
Americans Alvin Roth and Lloyd Shapley for the theory of stable allocations and the practice of market design, which among other things explains market processes at work when doctors are assigned to hospitals, students to schools and human organs for transplant to recipients.
Satellite provider Eutelsat agreed with media services company Arqiva to block the Irib channels as of Monday morning because of "reinforced EU council sanctions" Eutelsat spokeswoman Vanessa O'Connor said. Irib's access to Eutelsat was via a contract with Arqiva.
NEW YORK-- PepsiCo Inc. should give investors a snapshot of the company's progress in bolstering its flagship brands this year when it reports its third quarter results Wednesday. As a result, PepsiCo this year launched a major marketing campaign enlisting pop stars and athletes to rejuvenate the image of its namesake soda.
VILNIUS, Lithuania-- Lithuanians have dealt a blow to the conservative government's vision of a nation that would become a regional energy powerhouse and a member of the euro. Instead, they voted Sunday for politicians likely to dump austerity and rejected a plan to build a nuclear plant that could have made the country a net energy exporter.