Latest Business News Wires - Business Headlines


  • Johnson Controls booking 4Q restructuring charge Monday, 22 Oct 2012 | 9:28 PM ET

    MILWAUKEE-- Auto parts and building equipment maker Johnson Controls Inc. said Monday that it expects to book a pretax charge between $225 million and $275 million in its fiscal fourth quarter, reflecting costs related to restructuring efforts.

  • Earnings Preview: Aetna reports on 3Q Thursday Monday, 22 Oct 2012 | 3:11 PM ET

    UnitedHealth said its results were helped, in part, by a $390 million benefit it recorded because claims left over from earlier periods came in lower than expected, which freed up money held in reserve.

  • Greek premier throws deputy out of party Sunday, 21 Oct 2012 | 5:30 PM ET

    ATHENS, Greece-- Greek Prime Minister Antonis Samaras says a deputy from his center-right party who has expressed opposition to new austerity measures is no longer part of the parliamentary group and asks that he be stripped of his party membership as well.

  • New protest over Panama land law, but no violence Saturday, 20 Oct 2012 | 9:51 PM ET

    PANAMA CITY-- Hundreds of people opposed to Panama selling state-owned land in a duty-free zone on the Panama Canal have marched through the city of Colon a day after a violent protest resulted in a death and several injuries. No violence has been reported Saturday in the Caribbean port city.

  • Wal-Mart makes push on Target's Minnesota turf Saturday, 20 Oct 2012 | 7:55 PM ET

    ST. PAUL, Minn.-- Target Corp. may be headquartered in Minneapolis, but that's not stopping Wal-Mart Stores Inc. from making an aggressive push in its rival's home state.

  • Argentina evacuating navy ship seized in Ghana Saturday, 20 Oct 2012 | 7:31 PM ET

    BUENOS AIRES, Argentina-- Argentina announced the immediate evacuation Saturday of about 300 crew members from the ARA Libertad, a navy training ship seized in Africa nearly three weeks ago as collateral for unpaid bonds dating from the South American nation's economic crisis a decade ago.

  • NCAA, pro leagues' chiefs to be deposed in NJ case Saturday, 20 Oct 2012 | 6:46 PM ET

    TRENTON, N.J.-- The heads of the NCAA and the four major professional sports leagues will give depositions in a lawsuit that seeks to stop New Jersey from instituting sports gambling.

  • Thefts of cell phones rise rapidly nationwide Saturday, 20 Oct 2012 | 4:02 PM ET

    Nearly half of all robberies in San Francisco this year are cell phone-related, police say, and most occur on bustling transit lines. And, in nearby Oakland, City Council candidate Dan Kalb was robbed at gunpoint of his iPhone Wednesday after he attended a neighborhood anti-crime meeting.

  • Reports: Marcellus reserves larger than expected Saturday, 20 Oct 2012 | 3:41 PM ET

    One of the reports adds that the Marcellus reserves that lie below parts of Pennsylvania, West Virginia, Ohio and New York are far larger than recent government estimates, while another said the powerful combination of resource, cost and location is altering natural gas prices and market trends across the nation.

  • BMW to build plant in Brazil Saturday, 20 Oct 2012 | 2:37 PM ET

    SAO PAULO-- Officials say German automaker BMW AG will build a factory in southern Brazil. Raimundo Colombo says BMW will invest approximately 1 billion reals to build the plant. Colombo tells the state government's website he will meet with President Dilma Rousseff on Monday "to explain details of the investment."

  • Canada blocks Petronas bid for Progress Energy Saturday, 20 Oct 2012 | 11:44 AM ET

    TORONTO-- Canada has blocked the Malaysian state-owned oil firm Petronas' US $5.2 billion bid for gas producer Progress Energy Resources, saying the proposed investment would not provide a net benefit to Canada.

  • Unions shift political might to state, local races Saturday, 20 Oct 2012 | 11:31 AM ET

    WASHINGTON-- Unions are shifting more of their political resources to state and local races this year as they try to head off passage of laws that could undermine bargaining rights, make it harder to organize or reduce their political muscle. In Maine and Minnesota, labor leaders hope to overturn Republican majorities in state legislatures.

  • 'War on coal' label obscures battlefield realities Saturday, 20 Oct 2012 | 10:15 AM ET

    MORGANTOWN, W.Va.-- Drive through the coalfields of Central Appalachia, and signs of the siege are everywhere. Only a few generations ago, coal miners were literally at war with their employers, spilling and shedding blood on West Virginia's Blair Mountain in a historic battle for union representation and fair treatment.

  • London protesters bash Britain's austerity drive Saturday, 20 Oct 2012 | 9:22 AM ET

    Unions, anti-war campaigners, left-wing leaders, community groups and other activists poured down London's streets in a demonstration against reductions to public sector spending which officials are pushing through in order to rein in the Britain's debt, which stands at more than 1 trillion pounds.

  • London protest bash government's austerity drive Saturday, 20 Oct 2012 | 8:58 AM ET

    Brendan Barber, whose Trades Union Congress helped organize the march, said that the message of Saturday's protest was that "austerity is simply failing."

  • Indian gov't suspends Kingfisher license Saturday, 20 Oct 2012 | 6:55 AM ET

    India's Civil Aviation Minister Ajit Singh said the decision was made following concerns about the safety of passengers. Kingfisher, once one of India's best airlines, is battling for a lifeline with India's airline regulator.

  • *Protesters in London to bash gov't austerity drive Saturday, 20 Oct 2012 | 6:17 AM ET
  • Obama promotes positive signs in housing market Saturday, 20 Oct 2012 | 6:12 AM ET

    WASHINGTON-- Eager to take note of signs of recovery, President Obama is drawing attention to improvements in the housing industry while keeping up pressure on Republicans to back policies the White House says would help struggling homeowners refinance their debts.

  • Report: Indian gov't suspends Kingfisher license Saturday, 20 Oct 2012 | 5:41 AM ET

    NEW DELHI-- A news report says the Indian government has suspended the license of Kingfisher Airlines which has been struggling to resume flights following a strike by pilots and engineers who have not been paid for months. Kingfisher, once one of India's best airlines, is battling for a lifeline with India's airline regulator.

  • Questions for Medicare in meningitis outbreak Saturday, 20 Oct 2012 | 4:00 AM ET

    WASHINGTON-- Medicare is coming under scrutiny in the meningitis outbreak that has rekindled doubts about the safety of the nation's drug supply. In 2007, Medicare revoked coverage of compounded inhaler drugs for lung disease.