Latest Business News Wires - Business Headlines


  • Springsteen presents charity honor to Van Zandt Wednesday, 17 Oct 2012 | 10:57 AM ET

    NEW YORK-- The night busted open in New York City as Bruce Springsteen and other Rock and Roll Hall of Famers helped Steven Van Zandt celebrate his Big Man of the Year award. "What a liar," Van Zandt retorted with a grin.

  • Wine gets in the spirit with new liquor blends Wednesday, 17 Oct 2012 | 10:55 AM ET

    "Companies are going out of the box," observes Ted Carmon, spirits buyer for the BevMo! Bill Newlands, president of Beam Inc., which bought Pinnacle Vodka earlier this year, sees the intensely flavored Whipped as playing into a trend of consumers "whether it's an alcohol beverage or anything else, looking for more flavor reward."

  • Crowley's corrections highlight moderator role Wednesday, 17 Oct 2012 | 10:55 AM ET

    NEW YORK-- Candy Crowley's signature moment as moderator of Tuesday's rough-and-tumble presidential debate came when she was called upon to referee a dispute over President Barack Obama's description of the attack on the U.S. Consulate in Benghazi, Libya as an act of terror.

  • Viewers riveted by feisty presidential debate Wednesday, 17 Oct 2012 | 10:53 AM ET

    At the University of Cincinnati, 200 students were expected to turn out to watch the second debate between Barack Obama and Mitt Romney. "It goes without saying that the knives were out," said Karim Aladmi, a 21- year-old international affairs major from Dayton, Ohio, who wore a suit and tie for the occasion.

  • Navistar names John Pope to board Wednesday, 17 Oct 2012 | 10:50 AM ET

    LISLE, Ill.-- Heavy truck and engine company Navistar International Corp. said Wednesday that it named John Pope to its board. Pope's appointment and Harrison's retirement are effective immediately, keeping the total number of Navistar board members at 10, Navistar said.

  • News Summary: PepsiCo profit dips amid turnaround Wednesday, 17 Oct 2012 | 10:50 AM ET

    NEW YORK-- THE NUMBERS: PepsiCo Inc.' s net income fell 5 percent in the third quarter, as the company spent more on marketing and was hit by higher costs for ingredients and unfavorable currency exchange rates.

  • *'Puppet March' planned in DC to defend PBS funding Wednesday, 17 Oct 2012 | 10:49 AM ET
  • *Police investigating art heist probe tips Wednesday, 17 Oct 2012 | 10:46 AM ET
  • Armed posse patrols timber land in sheriff's place Wednesday, 17 Oct 2012 | 10:45 AM ET

    Instead, some folks in Josephine County, larger than the state of Rhode Island, are taking matters into their own hands _ mounting flashing lights on their trucks and strapping pistols to their hips to guard communities themselves. Others have put together a virtual neighborhood watch, using Facebook to share tips and information.

  • US crude oil supplies grow by 2.9 million barrels Wednesday, 17 Oct 2012 | 10:45 AM ET

    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.

  • *Prosecutors raid home of SKorean leader's brother Wednesday, 17 Oct 2012 | 10:43 AM ET
  • Wanted: A few good recruits at American Airlines Wednesday, 17 Oct 2012 | 10:42 AM ET

    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.

  • Acadia Healthcare registers $200M stock sale Wednesday, 17 Oct 2012 | 10:41 AM ET

    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.

  • Cyprus: talks to seal bailout deal next week Wednesday, 17 Oct 2012 | 10:36 AM ET

    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.

  • Study: Multivitamins may lower cancer risk in men Wednesday, 17 Oct 2012 | 10:33 AM ET

    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.

  • AO Smith 3Q net income falls, revenue rises Wednesday, 17 Oct 2012 | 10:32 AM ET

    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.

  • Winds leave 25,000 without electricity in Colorado Wednesday, 17 Oct 2012 | 10:31 AM ET

    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.

  • Medicaid provider to terminate contract with Ky. Wednesday, 17 Oct 2012 | 10:30 AM ET

    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.

  • Arctic Slope corp. declares dividend of $40 Wednesday, 17 Oct 2012 | 10:27 AM ET

    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.

  • Hawaii, developer win $300K grant for Kuhio Wednesday, 17 Oct 2012 | 10:26 AM ET

    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.