MELBOURNE, Feb 11- Rio Tinto slumped to a loss for 2015 as prices for iron ore and copper plummeted and scrapped its promise to maintain or lift its dividend annually for this year onward due to a tough outlook. Rio reported a net loss of $866 million, hammered by $1.8 billion in writedowns, relating mainly to its Simandou iron ore project in Guinea.» Read More
NEW YORK-- The nation's crude oil and gasoline supplies increased last week, the government said Wednesday. Crude inventories grew by 2.9 million barrels, or 0.8 percent, to 369.2 million barrels, which is 10.9 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
NEW YORK-- Wanted: A few good recruits for an airline that's seen better days. To replace some of its departing staff, American Airlines will hire 1,500 flight attendants starting next month, with training beginning in January.
FRANKLIN, Tenn.-- With its shares trading around their highest prices in 15 years, Acadia Healthcare Co. on Wednesday registered an offering of up to $200 million in stock. Shares of Acadia have more than doubled in value in 2012, closing at $22.54 Tuesday after ending 2011 at $9.97. In morning trading Acadia Healthcare stock gained 7 cents to $22.61.
NICOSIA, Cyprus-- Cyprus' finance minister says he expects the final round of talks with potential creditors on a bailout agreement to start next week. Vassos Shiarly said there's no specific date when officials from the so-called troika _ the European Commission, the European Central Bank and the International Monetary Fund _ will arrive here.
Ernest Hawk, vice president of cancer prevention at the University of Texas MD Anderson Cancer Center and formerly of the National Cancer Institute. Hawk reviewed the study for the American Association for Cancer Research, which is meeting in Anaheim, Calif., where the study was to be presented on Wednesday.
MILWAUKEE-- Water-heater maker A.O. Smith's net income dropped 80 percent from last year's third quarter, when it gained from an asset sale. A.O. Smith raised its full-year earnings forecast, saying it expects its business to continue to perform well through the end of the year.
DENVER-- About 25,000 electricity customers are without power in the Denver area and in northern Colorado as a powerful wind storm buffets the state. The National Weather Service is predicting sustained winds of 25 to 40 mph with gusts of up to 60 mph possible across the eastern half of Colorado Wednesday.
FRANKFORT, Ky.-- A Medicaid managed care provider in Kentucky is seeking to terminate its contract with the Cabinet for Health and Family Services after only a year, a move that would cut some 200 jobs in Lexington. Kentucky has three other Medicaid contractors.
BARROW, Alaska-- Nearly every shareholder of the Barrow- based Arctic Slope Regional Corp. will be pocketing about $4,000 just before the holidays. The Alaska Native corporation has announced the fall dividend will be $40 per share. The board is targeting an annual payout of $50 per share.
HONOLULU-- The U.S. Department of Housing and Urban Development is awarding a $300,000 grant to a public-private partnership aiming to revitalize the neighborhood around Kuhio Park Terrace and Kuhio Homes in Honolulu.
BRUSSELS-- Winemaker Cherie Spriggs had watched the bad weather over southern England's vineyards all season long. Thierry Coste, an expert with the European Union farmers' union, said Wednesday that France's grape harvest is expected to slump by almost 20 percent compared with last year.
PINE BLUFF, Ark.-- The Delta Regional Authority and state and federal agriculture officials are holding a workshop in Pine Bluff, Ark. focusing on drought recovery assistance. The workshop will take place at 9 a.m. Wednesday at the University of Arkansas at Pine Bluff.
JACKSON, Miss.-- A federal appeals court has upheld the more than 14- year sentence George Coe Jr. received for his role in a telemarketing scam case in Mississippi. Prosecutors said the scam netted tens of thousands of dollars from victims in California, Illinois, Kansas, Maryland, Michigan, Mississippi, New Hampshire and Vermont.
CHARLESTON, S.C.-- Last year, readers of Conde Nast Traveler magazine voted Charleston the top tourist town in the United States. The magazine announced its readers have now voted Charleston the top tourist destination in the world. Again this year, Charleston was also voted the top tourism destination in the United States.
CHARLESTON, S.C.-- South Carolina Gov. Nikki Haley and the head of the state's Department of Parks, Recreation and tourism are talking tourism in Charleston. Haley is joining Duane Parrish on Wednesday at the Charles Towne Landing, the birthplace of South Carolina, to discuss the industry which is one of the largest in the state.
ROSE HILL, N.C.-- Federal regulators have fined a North Carolina poultry processor for allowing underage young people to perform dangerous duties. The U.S. Labor Department has cited House of Raeford for allowing minors at a Duplin County plant to clean or operate powered meat-processing equipment.
BATON ROUGE, La.-- Most property owners whose homes or other structures were damaged during Hurricane Isaac have approaching deadlines for filing claims for their flood-related losses. Hurricane Isaac made first landfall in Louisiana Aug. 28.
NEW YORK-- A surprisingly strong housing report helped push the stock market mostly higher Wednesday, even as weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average.
WASHINGTON-- Metro says it has fallen behind on its effort to expand cellphone service throughout the transit system and may not complete the project until 2015.. In a letter to Congress on Tuesday, Metro General Manager Richard Sarles says there is still much work to do to provide wireless access throughout the system.