Latest Business News Wires - Business Headlines


  • Romney ad advantage doesn't tell the whole story Thursday, 18 Oct 2012 | 12:42 AM ET

    An Associated Press analysis of presidential campaign advertising data from April through last week found that pro-Romney spending has exceeded pro-Obama ad spending by at least $65 million across the nine states expected to decide the election: Colorado, Florida, Nevada, New Hampshire, North Carolina, Ohio, Virginia, Iowa and Wisconsin.

  • SAfrica miners reject Zuma's plea to end strike Thursday, 18 Oct 2012 | 12:39 AM ET

    FOCHVILLE, South Africa-- Ernest Morake shook his head and laughed when he heard that South Africa's president wanted striking miners to return to work. In a speech on the state of the economy on Wednesday, Zuma said wildcat strikes were damaging South Africa's economy and asked striking miners to immediately return to work.

  • BioTime makes offer for Geron stem cell assets Thursday, 18 Oct 2012 | 12:36 AM ET

    In a letter to Geron shareholders, BioTime suggests two deals that would form a new publicly traded company owning Geron's stem cell assets with some of BioTime's. It said Geron could have a stake of up to 45 percent in the company, which would also hold $40 million in BioTime stock along with shares of some BioTime stem cell subsidiaries.

  • News Summary: MGM China lands $2.5B Macau casino Thursday, 18 Oct 2012 | 12:34 AM ET

    FEELING LUCKY: The Chinese arm of MGM Resorts International signed a deal for a new $2.5 billion casino resort in Macau, the world's biggest gambling market. IN THE CHIPS: The company plans to build a casino resort that will include a five-star 1,600- room hotel, 500 gambling tables and 2,500 slot machines, MGM China said in a statement.

  • Stolen art can be burden without connections Thursday, 18 Oct 2012 | 12:34 AM ET

    PARIS-- The burglars dashed out the back door with seven masterworks, then sped on screeching tires into the night. If the thieves who robbed Rotterdam's Kunsthal exhibition this week don't have a plan, the stolen art could quickly become a burden.

  • *Akin rape remark highlighted in talking brochures Thursday, 18 Oct 2012 | 12:32 AM ET
  • Jason Aldean makes surprise announcement in Boston Thursday, 18 Oct 2012 | 12:29 AM ET

    BOSTON-- Jason Aldean will be making history at one of baseball's most historic sites. Aldean will be the first country music star to play a concert at Fenway Park, the iconic home of the Boston Red Sox.

  • Utility to help preserve open space in Connecticut Thursday, 18 Oct 2012 | 12:27 AM ET

    ENFIELD, Conn.-- Northeast Utilities says it is setting aside nearly 1,000 acres in a land trust to help preserve open space in Connecticut. The Hartford- based parent company of Connecticut Light& Power announced Thursday that the land trust will include 723 acres in Sharon, 188 acres on the Connecticut River in Enfield, 57 acres in Newtown and 13 acres in Waterford.

  • 27 people displaced as fire claims small ND town Thursday, 18 Oct 2012 | 12:25 AM ET

    BUCYRUS, N.D.-- A tiny southwestern North Dakota town has been all but destroyed by a wind-fueled wildfire that displaced its 27 residents, prompting an outpouring of assistance from surrounding communities, officials said Thursday. The chairman of the County Commission said the fire razed four homes in the town about 60 miles south of Dickinson.

  • British lawmakers in new clash over expenses Thursday, 18 Oct 2012 | 12:25 AM ET

    LONDON-- Campaigners say British lawmakers are headed for another clash over their expenses _ three years after six legislators were jailed amid revelations that politicians had billed the public for items including an ornamental duck house and pornographic movies.

  • News Summary: Syria airstrikes kill at least 43 Thursday, 18 Oct 2012 | 12:24 AM ET

    GOVERNMENT ATTACKS: Government airstrikes on rebel areas in northern Syria killed at least 43 people and leveled buildings, forcing residents to search through rubble for bodies, anti-regime activists said. And this week, Human Rights Watch accused Syria of using cluster munitions.

  • AutoZone names PepsiCo exec to its board Thursday, 18 Oct 2012 | 12:20 AM ET

    MEMPHIS, Tenn.-- AutoZone Inc. said Thursday that it elected PepsiCo executive Enderson Guimaraes to its board. In addition, AutoZone said two of its current board members, William Crowley and Robert Grusky, will not stand for re-election at the company's annual shareholder meeting in December. AutoZone's stock rose $2.08 to $371.55 in midday trading.

  • *Analysts lower CSX targets on weak coal demand Thursday, 18 Oct 2012 | 12:17 AM ET
  • Dollar rises after mixed US economic data Thursday, 18 Oct 2012 | 12:15 AM ET

    That's a sign layoffs are increasing, but the Labor Department said that there were technical reasons behind rise, such as delayed figures from California. The Federal Reserve Bank of Philadelphia says that manufacturing in the Philadelphia region expanded in October after five months of declines.

  • Alliance Data Systems 3Q profit jumps 27 percent Thursday, 18 Oct 2012 | 12:13 AM ET

    DALLAS-- Alliance Data Systems Corp., which manages loyalty and rewards programs for retailers and others, posted a 27 percent increase in third-quarter earnings, led by growth in its private label business. Alliance said Thursday it earned $119.5 million, or $1.84 per share, in the three months that ended Sept. 30.

  • Shocking! Famed fashion house Schiaparelli revived Thursday, 18 Oct 2012 | 12:08 AM ET

    PARIS-- Shoe hats, lobster dresses, and spiraling goggle glasses could easily be part of a closet inventory belonging to Lady Gaga. The house of the influential fashion designer, and hated rival of Coco Chanel, is being revived this fall, in one of the most highly anticipated fashion events of 2012 in Paris.

  • Austerity-weary Greeks stage new general strike Thursday, 18 Oct 2012 | 12:06 AM ET

    ATHENS, Greece-- Labor unions in recession-hobbled Greece are holding another general strike against a new harsh austerity program, as European leaders beset by a deep debt crisis and economic stagnation gather for a summit meeting in Brussels.

  • Average debt up again for new college grads Thursday, 18 Oct 2012 | 12:02 AM ET

    It's the latest snapshot of the growing burden of student debt and it's another discouraging one: Two-thirds of the national college class of 2011 finished school with loan debt, and those who borrowed walked off the graduation stage owing on average $26,600 _ up about 5 percent from the class before.

  • Macy's launches new brands to target millennials Thursday, 18 Oct 2012 | 12:02 AM ET

    NEW YORK-- Macy's is firing its first salvo at the millennials. In March, Macy's restructured its merchandise team to focus on those shoppers and plans to make other major changes in the next three years to further rope them in.

  • China shows signs economic recovery taking shape Wednesday, 17 Oct 2012 | 11:25 PM ET

    BEIJING-- China's economic growth tumbled to the lowest in more than three years in the latest quarter but retail sales and other activity accelerated in a sign a recovery from the painful downturn is taking shape.