Latest Business News Wires - Business Headlines


  • Court won't hear Chevron appeal concerning Ecuador Tuesday, 9 Oct 2012 | 9:38 AM ET

    WASHINGTON-- The Supreme Court is staying out of the fight over efforts by Amazon rain forest residents to collect more than $18 billion from Chevron Corp. for environmental damage in Ecuador.

  • Merkel says Greece covered "much ground" Tuesday, 9 Oct 2012 | 9:33 AM ET

    ATHENS, Greece-- German chancellor Angela Merkel said Greece has covered "much of the ground" required for recovery, during her landmark visit to the financially stricken country.

  • Obama campaign deploys Big Bird in new ad Tuesday, 9 Oct 2012 | 9:30 AM ET

    NEW YORK-- President Barack Obama deployed Big Bird in a new campaign ad Tuesday mocking Mitt Romney's vow to end federal funding for public broadcasting.

  • Dunham, Rushdie among big names at New Yorker fest Tuesday, 9 Oct 2012 | 9:30 AM ET

    NEW YORK-- A year ago, not many people had heard of Lena Dunham. Dunham, 26, whose appearance sold out in the first 20 minutes that tickets went on sale this year, was interviewed by New Yorker TV critic Emily Nussbaum on Sunday, just as word of her seven-figure book deal was emerging, an essay collection to be published by Random House. "I dressed as you for Halloween!"

  • Ky. Town, college seeking a boost from VP debate Tuesday, 9 Oct 2012 | 9:29 AM ET

    DANVILLE, Ky.-- Politicians aren't the only ones looking for a debate-related boost when Joe Biden and Paul Ryan go toe-to-toe in Kentucky.

  • Ahead of the Bell: Edwards Lifesciences tumbles Tuesday, 9 Oct 2012 | 9:28 AM ET

    The Irvine, Calif. company said Monday after markets closed that its total revenue rose 9 percent to $448 million, well short of its initial forecast for $465 million to $485 million. It said sales of Sapien heart valves totaled about $124 million, including $55 million in U.S. revenue.

  • *Flights diverted from Manila airport due to glitch Tuesday, 9 Oct 2012 | 9:27 AM ET
  • *South Korea to provide aid to chemical leak area Tuesday, 9 Oct 2012 | 9:27 AM ET
  • Ahead of the Bell: Continental Resources 5-yr plan Tuesday, 9 Oct 2012 | 9:16 AM ET

    The company is one of the largest leaseholders in the Bakken shale region in North Dakota and Montana. Analyst Subash Chandra of Jefferies& Co. said that Continental's plan implies a cost of more than $11,000 per well. Shares of Continental Resources Inc. fell $1.01 to $75.50 in premarket trading.

  • Owens Corning cuts full-year earnings forecast Tuesday, 9 Oct 2012 | 9:13 AM ET

    TOLEDO, Ohio-- Owens Corning trimmed its earnings forecast for the year due to weakness in its roofing and composites businesses. Owens Corning now anticipates adjusted earnings before interest and taxes between $280 million and $310 million. Owens Corning cut its 2012 global glass fiber market demand growth estimate to about 3 percent.

  • High court looks at race in college admissions Tuesday, 9 Oct 2012 | 9:12 AM ET

    WASHINGTON-- Nine years after the Supreme Court said colleges and universities can use race in their quest for diverse student bodies, the justices have put this divisive social issue back on their agenda in the middle of a presidential election campaign.

  • Ahead of the Bell: Eli Lilly shares continue climb Tuesday, 9 Oct 2012 | 9:11 AM ET

    Shares of drugmaker Eli Lilly and Co. continued climbing Tuesday before markets opened, a day after the stock's price topped $50 for the first time in more than four years.

  • Big gaps in Romney plan on pre-existing conditions Tuesday, 9 Oct 2012 | 9:10 AM ET

    WASHINGTON-- Republican presidential candidate Mitt Romney says he has a plan to help people with pre-existing medical conditions get health insurance.

  • Tuesday Morning expects small increase in 1Q sales Tuesday, 9 Oct 2012 | 9:09 AM ET

    DALLAS-- First-quarter revenue at discount retailer Tuesday Morning rose slightly to $172.8 million, from $170.7 million, in the same quarter last year. Excluding one-time items, Tuesday Morning Corp. it expects its net loss for the quarter to "increase modestly" from the same quarter last year. Shares rose 6 cents to $6.28 in premarket trading.

  • Diminished GOP brand heightens Romney's challenge Tuesday, 9 Oct 2012 | 9:08 AM ET

    Not helping him much is the Republican Party he leads. When talking with unaffiliated voters, "it's more important to sell Romney" than Republican policies, said Jordan McSwain, 19, who makes about 800 phone calls a week for GOP candidates from the central North Carolina town of Salisbury.

  • In looking to 'NOW!,' Marvel's changes no reboot Tuesday, 9 Oct 2012 | 9:06 AM ET

    PHILADELPHIA-- It's not a reboot or relaunch.

  • Ahead of the Bell: Power provider Edison Int'l Tuesday, 9 Oct 2012 | 9:06 AM ET

    NEW YORK-- An analyst on Tuesday cut shares of power provider Edison International to "Hold," saying the stock won't likely grow enough this year to warrant a "Buy" rating. Paul Fremont of Jefferies& Co. cited uncertainty regarding a pending case on power rates, rising costs and a long-shuttered nuclear plant as major factors in the downgrade.

  • Restaurant chain Steak 'n Shake targets Mideast Tuesday, 9 Oct 2012 | 9:04 AM ET

    The diner-style chain said on Tuesday it and regional partner Saleh Bin Lahej Group plan to open 40 restaurants starting next year across the United Arab Emirates, a seven-state federation that includes the cities of Dubai and Abu Dhabi.

  • WHY IT MATTERS: Labor Tuesday, 9 Oct 2012 | 9:04 AM ET

    A unionized job once meant a secure path to a middle-class life. President Barack Obama has signed a series of executive orders that encourage the use of union labor in federal construction projects, ease union financial reporting requirements and more.

  • Merck moving its global headquarters Tuesday, 9 Oct 2012 | 9:03 AM ET

    WHITEHOUSE STATION, N.J.-- The drugmaker Merck& Co. announced Tuesday that it will move its global headquarters within New Jersey as it looks to lower operating expenses and consolidate its properties. The company's headquarters are moving about 25 miles east from Whitehouse Station to another Merck site in Summit, which is about 12 miles west of New York City.