Latest Business News Wires - Business Headlines


  • Wanted: Flight attendants to work for less pay Wednesday, 17 Oct 2012 | 4:53 PM ET

    NEW YORK-- Wanted: A few good recruits to serve coffee and help combat terrorism at 30,000 feet. American Airlines said Wednesday that it will post job openings for 1,500 flight attendants next month. The departing flight attendants all started working before the Sept. 11 terrorist attacks that included the crashes of two American Airlines jets.

  • Werner 3Q net falls on weak demand, higher fuel Wednesday, 17 Oct 2012 | 4:45 PM ET

    OMAHA, Neb.-- Trucking and logistics company Werner Enterprises Inc. said on Wednesday that its third-quarter net income fell 15 percent because of weak demand for freight hauling and rising fuel prices. The company earned $25.1 million, or 34 cents per share, for the quarter that ended Sept. 30.

  • Brothels rescue cash-strapped Greek soccer team Wednesday, 17 Oct 2012 | 4:44 PM ET

    LARISSA, Greece-- The world's oldest profession is giving a whole new meaning to love of the game. Players on a cash-strapped Greek soccer team now wear pink practice jerseys with the logos " Villa Erotica" and " Soula's House of History," two bordellos it recruited as sponsors after drastic government spending cuts left the country's sports clubs facing ruin.

  • S&P downgrades Cyprus deeper into junk Wednesday, 17 Oct 2012 | 4:36 PM ET

    NICOSIA, Cyprus-- International ratings agency Standard& Poor's has cut Cyprus' credit rating to B, three notches deeper into junk because of the government's delay in swiftly negotiating a bailout with potential creditors in order to support its ailing banks. The agency also warned in a statement Wednesday that another downgrade could follow.

  • News Summary: Halliburton 3Q earnings fall Wednesday, 17 Oct 2012 | 4:28 PM ET

    SLOWING DOWN: Halliburton Co.' s earnings fell 12 percent in the third quarter as business fell off in its core North America market. PASS ON GAS: Some of Halliburton's customers are pulling back on drilling for natural gas because supplies are plenty and prices are down from a year ago.

  • Stock market edges up on stronger housing report Wednesday, 17 Oct 2012 | 4:27 PM ET

    NEW YORK-- A surprisingly strong housing report helped push the stock market mostly higher Wednesday, while weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average. Better results from Mattel, Goldman Sachs, and Johnson& Johnson shot the stock market higher Tuesday.

  • American Express profit inches higher in 3Q Wednesday, 17 Oct 2012 | 4:21 PM ET

    LOS ANGELES-- American Express Co. said Wednesday that its net income rose 1 percent in the third quarter, aided by lower expenses and increased spending by the credit card issuer's customers. In the second quarter, American Express' revenue grew 5 percent from a year earlier.

  • California foreclosure notices fall to 5-year low Wednesday, 17 Oct 2012 | 4:15 PM ET

    SAN DIEGO-- Home foreclosure activity in California fell to a new five-year low in the third quarter as rising prices eased pressure on homeowners and lenders, a research firm said Wednesday.

  • Feds: 1 arrested in plot to attack Federal Reserve Wednesday, 17 Oct 2012 | 4:14 PM ET

    NEW YORK-- A Bangladeshi man who came to the United States to wage jihad was arrested in an elaborate FBI sting on Wednesday after attempting to blow up a fake car bomb outside the Federal Reserve building in Manhattan, authorities said.

  • Stocks end mostly higher after housing starts jump Wednesday, 17 Oct 2012 | 4:08 PM ET

    A surprisingly strong housing report helped push stocks modestly higher, even as weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average. IBM reported sales late Tuesday that dropped below Wall Street's expectations, while Intel warned that sales of personal computers will likely remain weak during the holiday season.

  • Green Mountain's shares up on international plans Wednesday, 17 Oct 2012 | 4:04 PM ET

    THE SPARK: According to a filing with the Securities and Exchange Commission, Green Mountain hired Gerard Geoffrion, currently head of its business in Canada, to serve as its president of international business development.

  • News Summary: Cotton soars, other prices end mixed Wednesday, 17 Oct 2012 | 3:58 PM ET

    Cotton for December delivery surged 3 cents, its daily limit, to 77.86 cents per pound. METALS SHINE: Gold rose $6.70 to settle at $1,753 an ounce, silver rose 27.3 cents to $33.232 an ounce and copper rose 4.8 cents to $3.748 per pound.

  • IBM stock falls on signs of slowdown in demand Wednesday, 17 Oct 2012 | 3:58 PM ET

    NEW YORK-- IBM's stock is down more than 5 percent after the company reported disappointing third-quarter revenue and suggested demand in key markets may be slowing. Shares are down $10.69, or 5.1 percent, to $200.31 in late afternoon trading. It came to $24.7 billion, $700 million less than analysts expected.

  • Oil prices volatile, but end where they began Wednesday, 17 Oct 2012 | 3:47 PM ET

    Benchmark oil gained 3 cents to $92.12. That was almost double what analysts had forecast, according to Platts, the energy information arm of McGraw-Hill Cos. Brent crude, which is used to price international varieties of oil, fell 78 cents to $113.22 per barrel on the ICE Futures exchange in London.

  • Lindsay Corp. fiscal 4Q profit rises 48 pct. Wednesday, 17 Oct 2012 | 3:45 PM ET

    OMAHA, Neb.-- Irrigation system maker Lindsay Corp. said Wednesday that its fiscal fourth-quarter net income jumped 48 percent, boost by higher demand from farmers. For the quarter ended Aug. 31, the Omaha, Neb.- based company made $8.8 million, or 68 cents per share, up from $5.9 million, or 46 cents per share, in the same quarter last year.

  • Prices for grains, livestock futures rise Wednesday, 17 Oct 2012 | 3:41 PM ET

    CHICAGO-- Grains futures rose Wednesday on the Chicago Board of Trade. Wheat for December delivery gained 8.5 cents to $8.5625 per bushel; December corn rose 7.25 cents to $7.455 per bushel; December oats increased 3.25 cents to $3.9575 per bushel and November soybeans gained 15.5 cents to $15.0925 per bushel.

  • Cotton shoots higher; other commodities are mixed Wednesday, 17 Oct 2012 | 3:31 PM ET

    Cotton for December delivery surged 3 cents, its daily limit, to 77.86 cents per pound. Jack Scoville of Price Futures Group said the gain came on speculative buying and rumors of short supplies.

  • News Summary: RBS exits gov't insurance program Wednesday, 17 Oct 2012 | 3:30 PM ET

    EXIT: Royal Bank of Scotland, which was rescued in Britain's biggest bank bailout, is leaving a government emergency insurance program that helped stabilize the company after it nearly collapsed.

  • Decades late, FDR memorial park dedicated in NYC Wednesday, 17 Oct 2012 | 3:29 PM ET

    NEW YORK-- Celebrating a design 40 years in the making, dignitaries on Wednesday dedicated a new memorial park to President Franklin Roosevelt overlooking the United Nations that he helped found.

  • Big Bird costumes hot sellers for Halloween Wednesday, 17 Oct 2012 | 3:28 PM ET

    NEW YORK-- Can't figure out how to dress as a binder full of women for Halloween? The Yellow One is flying off the shelves after Mitt Romney's threat to do away with government support for PBS.