GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Ormet's deferred Ohio electric payments approved Thursday, 18 Oct 2012 | 10:03 AM ET

    COLUMBUS, Ohio-- State regulators in Ohio are allowing aluminum manufacturer Ormet Corp. to defer electric bill payments for the remainder of the year. Ormet, located near Hannibal in eastern Ohio, has benefited from a unique electric-rate subsidy with American Electric Power Co. that has reduced its costs by more than $150 million since 2009..

  • England's Cole fined $145,000 for Twitter post Thursday, 18 Oct 2012 | 10:03 AM ET

    LONDON-- England's Football Association has fined Chelsea's Ashley Cole $145,000 for insulting the governing body in an offensive Twitter post. The England defender had reacted angrily to an FA commission questioning the evidence he gave in defending teammate John Terry against a charge of racially abusing an opponent.

  • Survey: English ticket prices increase further Thursday, 18 Oct 2012 | 10:02 AM ET

    A BBC survey released Thursday showed the average price of the cheapest match ticket in the Premier League has increased from 24.87 pounds last year to 28.30 pounds this year, an increase of nearly 14 percent. Newcastle United offered the best overall value in the Premier League for a day out, charging 23 pounds for a ticket, a program, a pie and a cup of tea.

  • Oil, gas production up in Utah Thursday, 18 Oct 2012 | 10:01 AM ET

    Utah and industry officials say oil and gas production was up across the region and country last year because of drilling on state and private lands, not federal lands.

  • Two days after NHL offer, union set to have a say Thursday, 18 Oct 2012 | 10:01 AM ET

    On Tuesday, the NHL made its strongest, and most public, pitch yet to save a full season. "I hope we can get going ASAP," Red Wings defenseman Niklas Kronwall told The Associated Press on Wednesday. " Fehr met with the union to formulate a response, and in a letter to players and agents said the management plan would cost his members more than $1.6 billion over six years.

  • LA judge dismisses lawsuit against magazine Thursday, 18 Oct 2012 | 10:00 AM ET

    LOS ANGELES-- A Los Angeles judge has dismissed a defamation lawsuit brought by former UCLA player Reeves Nelson against Time Inc., the parent company of Sports Illustrated, and a reporter who wrote a story about problems in the school's basketball program.

  • Hubbell 3Q profit rises 6 pct as housing gains Thursday, 18 Oct 2012 | 9:58 AM ET

    SHELTON, Conn.-- Electrical products maker Hubbell Inc. said Thursday that its third-quarter net profit rose 6 percent, as residential construction and lighting sales gained strength. The Shelton, Conn., company said it earned $87.1 million, or $1.45 per share in the three months ended Sept. 30. That compared with $82.4 million, or $1.37 per share, a year earlier.

  • Big East and MSG extend contract Thursday, 18 Oct 2012 | 9:57 AM ET

    NEW YORK-- The Big East and The Madison Square Garden Co. have agreed to a multiyear extension of their contract that will keep the conference's postseason tournament in New York City. Madison Square Garden has been the home of the Big East tournament since 1983, making it the longest running conference tournament held at the same site in college basketball.

  • Michigan jobless rate drops 0.1 points to 9.3 pct. Thursday, 18 Oct 2012 | 9:56 AM ET

    LANSING, Mich.-- Authorities say Michigan's seasonally adjusted unemployment rate fell 0.1 percentage point in the latest month to 9.3 percent. The Michigan Department of Technology, Management and Budget released the September jobless figures Wednesday.

  • $1 million bond set in SC silver buying scheme Thursday, 18 Oct 2012 | 9:56 AM ET

    GREENVILLE, S.C.-- A $1 million bond is set for a man charged as part of a multi-million dollar Ponzi scheme in Upstate South Carolina. Court records show a federal judge in Greenville set the bond Wednesday for 60- year-old Wallace Lindsey Howell.

  • Haley: SC tourism is reaching new levels Thursday, 18 Oct 2012 | 9:53 AM ET

    CHARLESTON, S.C.-- South Carolina Gov. Hotel room occupancy in South Carolina through August was up more than 3 percent compared to last year while revenue per available room, a key indicator of the health of the industry, is up approaching 8 percent. "What it should tell people across South Carolina is that you don't need to go anywhere.

  • Governor burns mortgages to mark lower Ind. debt Thursday, 18 Oct 2012 | 9:51 AM ET

    Daniels and other state officials on Wednesday marked the early completion of payments on 10 state facilities by ceremonially burning the mortgage paperwork in a trash can outside the Statehouse.

  • News Summary: Newsweek ending print edition Thursday, 18 Oct 2012 | 9:49 AM ET

    BYE, PAPER: Newsweek announced Thursday that it plans to end its print publication and shift to an all-digital format in early 2013. Newsweek's last U.S. print edition will be its Dec. 31 issue. HELLO, DIGITAL: The online publication will be called Newsweek Global and will be a single, worldwide edition that requires a paid subscription.

  • Jabil names COO as CEO; current CEO to be chairman Thursday, 18 Oct 2012 | 9:46 AM ET

    ST. PETERSBURG, Fla.-- Jabil Circuit Inc. said Thursday that it's promoting its chief operating officer, Mark Mondello, to CEO, and its current chief executive is set to become chairman. The board's current chairman, William Morean, is retiring and will not stand for re-election to the board. Jabil shares fell 46 cents, or 2.6 percent, to close at $17.26 Thursday.

  • KeyCorp gains after 3rd-qtr results beat estimates Thursday, 18 Oct 2012 | 9:46 AM ET

    CLEVELAND-- KeyCorp's net income rose in the third quarter, as the regional bank operator generated more revenue from fees and interest on loans. The results beat analysts' expectations, and KeyCorp stock gained in morning trading. KeyCorp's total revenue rose 2 percent, to $1.12 billion from $1.04 billion in the same period a year earlier.

  • Cypress posts lower 3Q profit, revenue Thursday, 18 Oct 2012 | 9:46 AM ET

    SAN JOSE, Calif.-- Microchip maker Cypress Semiconductor Corp.' s third-quarter net income fell 64 percent as revenue dropped, but called the results a "good quarter in tough times." The company said Thursday that it earned $14.3 million, or 9 cents per share, in the July-September period.

  • Stocks ease as earnings, jobless claims disappoint Thursday, 18 Oct 2012 | 9:42 AM ET

    Stocks are opening mostly lower, breaking a four-day winning streak for the Dow Jones industrial average, following a leap in claims for unemployment benefits and a mixed batch of corporate earnings reports. The Labor Department reported that applications for unemployment benefits jumped last week to the highest level in four months.

  • *Penn National Gaming 3Q net income declines Thursday, 18 Oct 2012 | 9:35 AM ET
  • A look at this week's airlines earnings Thursday, 18 Oct 2012 | 9:34 AM ET

    Here is a summary of earnings reports from AMR Corp., parent of American Airlines, and Southwest Airlines Co.. Southwest Airlines posted a profit of 2 cents per share, compared with a loss of 18 cents a year earlier. CEO Gary Kelly told CNBC that Southwest saw some "softness" in business travel and that demand weakened in September.

  • Supervalu sees 2Q loss, in active talks on options Thursday, 18 Oct 2012 | 9:33 AM ET

    NEW YORK-- Grocery store operator Supervalu lost money in its latest quarter, but the struggling company said it is in active discussions with several parties over a possible deal. Supervalu fired its CEO in July, replacing him with Chairman Wayne Sales to lead its turnaround effort.