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Latest Business News Wires - Business Headlines


  • Wright Express changes name to WEX Inc. Thursday, 25 Oct 2012 | 12:56 AM ET

    SOUTH PORTLAND, Maine-- One of the Maine's largest publicly traded companies is changing its name. Wright Express Corp. announced Thursday that its new name is WEX Inc.. The company will continue to be listed under the symbol WXS on the New York Stock Exchange.

  • Dentsply earnings fall in third quarter Thursday, 25 Oct 2012 | 12:55 AM ET

    YORK, Pa.-- Dentsply reported a 12 percent decline in third quarter earnings Thursday as selling and administrative costs rose for the dental products company. The company narrowed its full-year earnings expectations to a range of $2.19 to $2.24 from the prior range of $2.18 to $2.24. Shares of Dentsply International Inc., based in York, Pa., rose 41 cents to $37.12.

  • ND's Killdeer Mountains drilling dispute undecided Thursday, 25 Oct 2012 | 12:54 AM ET

    BISMARCK, N.D.-- North Dakota's Mineral Resources director says he likely will make a recommendation to state regulators next month on whether to allow oil drilling near the Killdeer Mountains Wildlife Management Area. Hess Corp. wants to drill up to eight wells. The Mineral Resources Department's Oil and Gas Division on Wednesday held a hearing.

  • Las Vegas foreclosure rate down to No. 25 in US Thursday, 25 Oct 2012 | 12:54 AM ET

    LAS VEGAS-- The Las Vegas area is getting further away from its dubious title as foreclosure capital of the country. Realtytrac reports one in every 139 housing units in Las Vegas saw some sort of foreclosure filing in the third quarter.

  • UMW sues Arch, Peabody over Patriot benefits Thursday, 25 Oct 2012 | 12:53 AM ET

    CHARLESTON, W.Va.-- The United Mine Workers of America is suing Arch Coal Inc. and Peabody Energy Corp. in southern West Virginia over pension and health-care benefits for bankrupt Patriot Coal Corp.' s active and retired miners.

  • PRECIOUS-Gold inches up as dollar drifts following Fed Thursday, 25 Oct 2012 | 12:52 AM ET

    SINGAPORE, Oct 25- Gold edged up in thin trade on Thursday as the U.S. dollar trimmed gains, although the metal was still within sight of its weakest in seven weeks, hit after the U.S. *Gold had added $4.86 an ounce to $1,706.79 by 0025 GMT.

  • EQT 3Q net income drops, shares rise on revenue Thursday, 25 Oct 2012 | 12:51 AM ET

    PITTSBURGH-- Natural gas producer EQT Corp. said Thursday that its net income fell 82 percent in the third quarter compared to a year ago, when it sold a major pipeline. Net income fell to $31.9 million, or 21 cents per share, from $178.9 million, or $1.19 per share. Shares of EQT Corp. rose $2.63, or 4.5 percent, to $60.61 in afternoon trading.

  • 70 Va. localities eligible for SBA disaster loans Thursday, 25 Oct 2012 | 12:51 AM ET

    RICHMOND, Va.-- Federal disaster loans of up to $2 million are available for small businesses, small agricultural cooperatives and most private nonprofits in 70 Virginia localities. The aid is available under a disaster declaration issued by the U.S. Small Business Administration for 62 counties and eight cities.

  • Tenneco rides big tax gain to $125M 3rd-qtr profit Thursday, 25 Oct 2012 | 12:50 AM ET

    LAKE FOREST, Ill.-- Auto parts maker Tenneco Inc. reported a $125 million third-quarter profit Thursday, quadrupling its earnings from a year earlier thanks largely to a large tax gain. Tenneco said net income for the July-through-September period amounted to $2.05 per share and was up from $30 million, or 49 cents per share, in the third quarter of 2011..

  • Emails highlighting Ill. services go to businesses Thursday, 25 Oct 2012 | 12:49 AM ET

    SPRINGFIELD, Ill.-- The Illinois Department of Employment Security will send emails to 800,000 business leaders and workers to highlight state services. Agency Director Jay Rowell said Wednesday the emails will offer help to companies in hiring, setting wages and building business plans.

  • Royal Caribbean reports lower Q3 net but raises year view Thursday, 25 Oct 2012 | 12:49 AM ET

    The cruise operator now expects 2012 earnings of $1.85 per share to $1.95 per share, 15 cents higher than its previous forecast range. Royal Caribbean's third-quarter net income fell to $367.8 million, or $1.68 per share, on revenue of $2.26 billion, from $399 million, or $1.82 per share, on revenue of $2.32 billion a year earlier.

  • Dollar up on signs US economy slowly improving Thursday, 25 Oct 2012 | 12:48 AM ET

    The Labor Department says that weekly applications for U.S. unemployment benefits fell last week to 369,000. That's consistent with modest hiring. The National Association of Realtors said its index of home sale agreements rose slightly in September. The dollar rose to 80.29 Japanese yen from 79.78 yen and to 0.9343 Swiss franc from 0.9325 Swiss franc.

  • Mass. homes sales remain healthy Thursday, 25 Oct 2012 | 12:47 AM ET

    BOSTON-- Two organizations that track the Massachusetts real estate market say sales of single family homes remained healthy in September in part because of stabilized prices. The Massachusetts Association of Realtors reported Thursday that sales were up nearly 3 percent from the same month last year, the 15th month of year-over-year increases.

  • Global markets fluctuate ahead of Apple Thursday, 25 Oct 2012 | 12:46 AM ET

    German industrial conglomerate BASF, consumer products company Unilever and Swiss bank Credit Suisse all enjoyed strong share price gains after their reports. Procter& Gamble, for example, led the Dow Jones industrial average higher after the giant consumer products company reported earnings that beat analysts' expectations.

  • UK lawmakers line up to host Richard III's tomb Thursday, 25 Oct 2012 | 12:46 AM ET

    No one is certain yet that remains dug up last month at a Leicester parking lot are those of the monarch immortalized by William Shakespeare for his willingness to trade his kingdom for a horse. Archaeologists found the bones beneath the site of the Grey Friars church in Leicester, central England.

  • RBS Financial agrees to $42M Nevada settlement Thursday, 25 Oct 2012 | 12:46 AM ET

    CARSON CITY, Nev.-- RBS Financial Products has agreed to pay a $42 million settlement to end an investigation of its role in buying and securitizing subprime mortgages that added to Nevada's housing meltdown.

  • *Sherwin-Williams 3Q net income up but shares fall Thursday, 25 Oct 2012 | 12:45 AM ET
  • *Italian premier says Iran sanctions are effective Thursday, 25 Oct 2012 | 12:43 AM ET
  • Maine: East Millinocket mill marks anniversary Thursday, 25 Oct 2012 | 12:43 AM ET

    EAST MILLINOCKET, Maine-- Great Northern Paper is holding a celebration marking the one-year anniversary of the reopening of its East Millinocket mill. Cate Street Capital of Portsmouth, N.H., bought two shuttered paper mills in East Millinocket and Millinocket last September.

  • Metro Atlanta jobless rate drops to 8.4 percent Thursday, 25 Oct 2012 | 12:41 AM ET

    ATLANTA-- Georgia labor officials say metro Atlanta's unemployment rate dropped to 8.4 percent in September. The Georgia Department of Labor announced the new preliminary unemployment figure early Thursday morning. Among other Georgia metro areas, the Athens area continued to have the lowest area jobless rate at 6.4 percent.