Latest Business News Wires - Business Headlines


  • NYT shares hit new 52-week high on upgrade Thursday, 11 Oct 2012 | 2:30 PM ET

    NEW YORK-- The New York Times Co.' s stock rose on Thursday after an analyst raised his rating and price target on the shares. Barclays analyst Kannan Venkateshwar said the Times Co.' s recent sales of some assets have helped improve its balance sheet, while its online pay wall has generated enough new subscription revenue to offset declining print ad sales.

  • Auditors call for changes in food stamp program Thursday, 11 Oct 2012 | 2:24 PM ET

    HARTFORD, Conn.-- State auditors in Connecticut called for changes Thursday in an emergency food stamp program at the center of a fraud scandal involving state employees, saying more vigilant caseworkers could have reduced the amount of aid handed out to ineligible applicants.

  • Army Corps revises plan to curtail locks Thursday, 11 Oct 2012 | 2:22 PM ET

    MONTGOMERY, Ala.-- The U.S. Army Corps of Engineers has revised its plans to severely curtail the operation of locks on the Alabama and Chattahoochee rivers. Jeff Sessions of Alabama said he's glad the corps modified the plans after public officials from both parties raised concerns about the economic impact.

  • Taking price-comparison apps for a spin Thursday, 11 Oct 2012 | 2:12 PM ET

    NEW YORK-- It's a shopper's nightmare: Buying something, then seeing it cheaper at another store. I have been using Amazon.com Inc.' s price-checking app for about a year now and have always found the prices on the app lower than at a store. But I've never tried other popular apps by Google Inc. and eBay Inc..

  • Glenn Beck's empty SUV crashes down NY hill Thursday, 11 Oct 2012 | 2:07 PM ET

    LODI, N.Y.-- Radio talk show host Glenn Beck's family had a close call when their sport utility vehicle rolled down a steep hill in New York's Finger Lakes region just after they had exited the SUV. They had just arrived at the cottage rented for the daughter's wedding reception last weekend in Lodi, on Seneca Lake.

  • Venezuela's new VP to be key figure for Chavez Thursday, 11 Oct 2012 | 2:06 PM ET

    CARACAS, Venezuela-- A mustachioed former bus driver who rose to become his country's top diplomat has emerged as the vice presidential pick of President Hugo Chavez as the Venezuelan leader prepares to launch a six-year term following two cancer operations.

  • Cargill 1Q profit soars but cautions on drought Thursday, 11 Oct 2012 | 1:58 PM ET

    WAYZATA, Minn.-- Agribusiness company Cargill said on Thursday that its first-quarter profit nearly quadrupled to $975 million. Still, the Minneapolis company said the impact of the U.S. drought and weather in other crop-growing areas such as the Black Sea region "is still unfolding." Revenue fell 2 percent to $33.8 billion from $34.6 billion a year ago.

  • Va. revenues dip in Sept., 3rd decline since June Thursday, 11 Oct 2012 | 1:45 PM ET

    RICHMOND, Va.-- Virginia's general tax collections for September declined, leaving actual revenues behind a budgeted forecast for modest growth one quarter into the state fiscal year. Virginia ended the last fiscal year on June 30 with an unspent balance of $448 million. Corporate taxes were down by 18 percent, to $155 million from $188 million last September.

  • NJ firm planning gas-fueled power plant in Pa. Thursday, 11 Oct 2012 | 1:44 PM ET

    NEW CASTLE, Pa.-- A New Jersey firm has plans to build a 900 megawatt, $750 million natural gas-fired power plant in western Pennsylvania. LS Power, which has offices in East Brunswick, N.J. and St. Louis says the plant in North Beaver Township, Lawrence County, will be fueled from gas drawn from a pipeline out of Tennessee.

  • Carl Icahn plans to offer $3B to buy Oshkosh Thursday, 11 Oct 2012 | 1:33 PM ET

    NEW YORK-- Billionaire investor Carl Icahn plans to make an unsolicited bid for truck maker Oshkosh Corp. that values the company at almost $3 billion. The activist investor said Thursday that he will make a tender offer worth $32.50 per share in cash, a 21 percent premium over Oshkosh's latest closing price.

  • Tom Hanks to make his Broadway debut next year Thursday, 11 Oct 2012 | 1:31 PM ET

    NEW YORK-- Tom Hanks will play a gutsy New York City newspaper columnist when he makes his debut on Broadway in the spring. Previews begin March 1 at the Broadhurst Theatre and an opening night is set for April 1.

  • Japan nuke chief hints no restarts until next year Thursday, 11 Oct 2012 | 1:29 PM ET

    TOKYO-- The head of Japan's new nuclear regulatory agency said Thursday that reactors will not be allowed to restart until they pass seismic inspections and meet new safety standards to be instituted next year.

  • Stillwater Mining shares fall on notes offering Thursday, 11 Oct 2012 | 11:59 AM ET

    NEW YORK-- Shares of Stillwater Mining Co. tumbled Thursday, after the palladium and platinum producer announced plans to sell $300 million in notes.

  • No long US airline delays at close of summer Thursday, 11 Oct 2012 | 11:53 AM ET

    NEW YORK-- U.S. airlines closed the summer travel season without any lengthy tarmac delays in August, the government said Thursday, a sharp reversal from a month earlier. On Aug. 15, a Caribbean Airlines flight sat on the tarmac at New York's JFK Airport for four hours and 28 minutes before it took off for its destination, Trinidad and Tobago.

  • Range Resources shares rally on production update Thursday, 11 Oct 2012 | 11:53 AM ET

    FORT WORTH, Texas-- Shares of Range Resources Corp. climbed Thursday after the company gave an upbeat report on third-quarter oil and natural gas production.

  • Report: Safety systems for Afghan IEDs inadequate Thursday, 11 Oct 2012 | 11:52 AM ET

    WASHINGTON-- The watchdog for spending in Afghanistan is warning commanders that a safety system to protect U.S. troops from roadside bombs is incomplete or inadequate. It was sent Wednesday to the top commander in Afghanistan, Gen. John Allen, and commander for the Middle East, and Gen.

  • *South Korean sentenced in 'octopus death' scheme Thursday, 11 Oct 2012 | 11:50 AM ET
  • *Thai ex-PM sought for malfeasance trial no-show Thursday, 11 Oct 2012 | 11:48 AM ET
  • Stocks higher at midday Thursday, 11 Oct 2012 | 11:48 AM ET

    NEW YORK-- Stocks are higher at midday after an encouraging report from the Labor Department. The Labor Department says applications for unemployment benefits fell last week to 339,000. That's the lowest in more than four years.

  • Senegal reality TV show features prettiest sheep Thursday, 11 Oct 2012 | 11:47 AM ET

    DAKAR, Senegal-- The street level of Ousmane Ndiaye's building features a fabric shop. "I could rent this place out for 250,000 francs a month, but I prefer to keep Billal and my sheep here," says Ndiaye, 60, sporting a royal blue boubou as he strokes the head of the sheep he hopes will become a reality television star.