Latest Business News Wires - Business Headlines


  • *3M buying Ceradyne for about $847 million Monday, 1 Oct 2012 | 8:12 AM ET
  • Ahead of the Bell: Finish Line Monday, 1 Oct 2012 | 8:04 AM ET

    NEW YORK-- A Sterne Agee analyst on Monday raised his rating for Finish Line Inc. to "Neutral" from "Underperform," citing the athletic footwear company's new deal that will put its athletic footwear shops in more than 450 Macy's stores in the U.S.

  • South Africa starts investigating mine violence Monday, 1 Oct 2012 | 8:00 AM ET

    MARIKANA, South Africa-- A judicial panel on Monday investigated the rocky site where South African police killed 34 striking miners in August.

  • *ADT an independent public company after spinoff Monday, 1 Oct 2012 | 7:48 AM ET
  • US stock futures rise on cautious Euro optimism Monday, 1 Oct 2012 | 7:42 AM ET

    NEW YORK-- U.S. stock market futures rose Monday, following European markets higher, as investors cautiously welcomed the result of stress tests of Spain's banks and a slight improvement in a survey of the eurozone's manufacturing sector.

  • Mattress Firm shareholders plan offering Monday, 1 Oct 2012 | 7:26 AM ET

    HOUSTON-- Bedding company Mattress Firm Holding Corp. says some of its stockholders are planning to sell about 4.7 million shares of the company's common stock. Mattress Firm said Monday that it is not selling any shares in the proposed offering. The Houston company went public in November 2011 at $19 per share.

  • Ahead of the Bell: Wendy's downgraded Monday, 1 Oct 2012 | 6:57 AM ET

    NEW YORK-- An analyst lowered his rating on Wendy's Co. on Monday, saying that he has concerns that a key revenue metric may disappoint in the third quarter.

  • European markets rise but Spain downgrade looms Monday, 1 Oct 2012 | 6:43 AM ET

    LONDON-- European stocks edged higher on Monday as investors cautiously welcomed the result of stress tests of Spain's banks. But the threat that Moody's might downgrade the country's debt rating to junk status limited gains. Britain's FTSE 100 rose 1 percent to 5,800.63 while Spain's Ibex was up 0.6 percent at 7,752.10.

  • A glance at unemployment rates around the eurozone Monday, 1 Oct 2012 | 6:43 AM ET
  • Spanish leaders in economy talks with EU official Monday, 1 Oct 2012 | 6:17 AM ET

    MADRID-- Spain's Prime Minister Mariano Rajoy and Economy Minister Luis de Guindos were to hold separate rounds of talks Monday with European commissioner for monetary affairs Olli Rehn to discuss the country's efforts to manage its stricken finances and whether it will need to seek further financial aid from the region.

  • Ahead of the Bell: US Manufacturing Survey Monday, 1 Oct 2012 | 6:16 AM ET

    WASHINGTON-- U.S. manufacturing likely shrank in September for the fourth straight month, a troubling sign that growth will stay weak. Economists surveyed by FactSet forecast that the Institute for Supply Management's manufacturing index was unchanged at 49.6. Europe's financial crisis has plunged much of that region into recession.

  • Thick smoke delays flights in western Indonesia Monday, 1 Oct 2012 | 6:01 AM ET

    JAMBI, Indonesia-- Officials say heavy smoke from fires set by slash-and-burn farmers has so thoroughly blanketed a city in western Indonesia that the airport has had to delay flights. State-run airline Garuda Indonesia is canceling all of this week's morning flights out of Sultan Taha airport in the city of Jambi.

  • Survey shows weaker confidence in Japan's economy Monday, 1 Oct 2012 | 5:50 AM ET

    TOKYO-- Major Japanese manufacturers are increasingly gloomy due to weakening growth at home and overseas, a quarterly survey by Japan's central bank showed Monday. Sinking exports due to feeble demand in crisis-stricken Europe and anti-Japanese protests in China have reinforced the gloom among leading companies.

  • Portuguese commuters feel brunt of train strike Monday, 1 Oct 2012 | 5:33 AM ET

    LISBON, Portugal-- Lisbon commuters are finding it hard to get to work as Portuguese train engineers begin five days of stoppages to contest austerity measures imposed by the country's government.

  • Eurozone unemployment stuck at record 11.4 pct Monday, 1 Oct 2012 | 5:28 AM ET

    Europe's problems are dragging down the global economy. Six countries in the eurozone _ Greece, Spain, Italy, Cyprus, Malta and Portugal _ are already in recession. Howard Archer, the chief economist for IHS Global Insight, said it will take some time before Europe's labor market rebounds.

  • Europe stocks rise, Japan down on dour survey Monday, 1 Oct 2012 | 5:21 AM ET

    Athens needs the lenders to approve a proposed package of spending cuts and tax hikes to receive the next installment of emergency loans intended to keep Greece from defaulting on its massive debts. Britain's FTSE 100 rose 1 percent to 5,801.13. In Asia, markets in China, Hong Kong and South Korea were closed for public holidays.

  • South Africa: Union official hurt in petrol attack Monday, 1 Oct 2012 | 5:11 AM ET

    JOHANNESBURG-- South Africa's National Union of Mineworkers says one of its officials was seriously injured in a petrol-bomb attack on his house amid ongoing unrest in the country's vital mining industry.

  • Finns claim $2.3B from Areva-Siemens for delay Monday, 1 Oct 2012 | 5:06 AM ET

    HELSINKI-- Finnish utility TVO is claiming 1.8 billion in compensation from nuclear supplier Areva-Siemens for a five-year delay in the construction of the Olkiluoto 3 nuclear power plant.

  • Eurozone unemployment steady at record 11.4 pct Monday, 1 Oct 2012 | 5:01 AM ET

    BRUSSELS-- Official data show that unemployment in the 17 countries that use the euro remained at its record high of 11.4 percent in August. While European leaders have managed to calm financial markets in recent months with promises to cut spending and build a tighter union, they have been unable to halt the rising tide of joblessness.

  • BAE, EADS blast merger 'myths and misconceptions' Monday, 1 Oct 2012 | 4:59 AM ET

    BERLIN-- The chief executives of BAE Systems PLC and EADS NV sought to drum up support Monday for the merger of their two aeronautics and defense companies in the face of growing criticism to the deal, saying in a joint newspaper article an agreement would help both organizations grow.

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