Latest Business News Wires - Business Headlines


  • Drought recovery workshop set for Pine Bluff, Ark. Wednesday, 17 Oct 2012 | 10:25 AM ET

    PINE BLUFF, Ark.-- The Delta Regional Authority and state and federal agriculture officials are holding a workshop in Pine Bluff, Ark. focusing on drought recovery assistance. The workshop will take place at 9 a.m. Wednesday at the University of Arkansas at Pine Bluff.

  • Coe loses appeal in Miss. telemarketing scam Wednesday, 17 Oct 2012 | 10:25 AM ET

    JACKSON, Miss.-- A federal appeals court has upheld the more than 14- year sentence George Coe Jr. received for his role in a telemarketing scam case in Mississippi. Prosecutors said the scam netted tens of thousands of dollars from victims in California, Illinois, Kansas, Maryland, Michigan, Mississippi, New Hampshire and Vermont.

  • Conde Nast: Charleston world's top tourist town Wednesday, 17 Oct 2012 | 10:23 AM ET

    CHARLESTON, S.C.-- Last year, readers of Conde Nast Traveler magazine voted Charleston the top tourist town in the United States. The magazine announced its readers have now voted Charleston the top tourist destination in the world. Again this year, Charleston was also voted the top tourism destination in the United States.

  • SC governor, PRT chief to discuss tourism Wednesday, 17 Oct 2012 | 10:22 AM ET

    CHARLESTON, S.C.-- South Carolina Gov. Nikki Haley and the head of the state's Department of Parks, Recreation and tourism are talking tourism in Charleston. Haley is joining Duane Parrish on Wednesday at the Charles Towne Landing, the birthplace of South Carolina, to discuss the industry which is one of the largest in the state.

  • House of Raeford fined for youth workers Wednesday, 17 Oct 2012 | 10:20 AM ET

    ROSE HILL, N.C.-- Federal regulators have fined a North Carolina poultry processor for allowing underage young people to perform dangerous duties. The U.S. Labor Department has cited House of Raeford for allowing minors at a Duplin County plant to clean or operate powered meat-processing equipment.

  • Deadlines near for Isaac flood claims Wednesday, 17 Oct 2012 | 10:18 AM ET

    BATON ROUGE, La.-- Most property owners whose homes or other structures were damaged during Hurricane Isaac have approaching deadlines for filing claims for their flood-related losses. Hurricane Isaac made first landfall in Louisiana Aug. 28.

  • Stock market wavers as investors digest earnings Wednesday, 17 Oct 2012 | 10:17 AM ET

    NEW YORK-- A surprisingly strong housing report helped push the stock market mostly higher Wednesday, even as weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average.

  • Metro: Full cellphone access delayed until 2015 Wednesday, 17 Oct 2012 | 10:16 AM ET

    WASHINGTON-- Metro says it has fallen behind on its effort to expand cellphone service throughout the transit system and may not complete the project until 2015.. In a letter to Congress on Tuesday, Metro General Manager Richard Sarles says there is still much work to do to provide wireless access throughout the system.

  • Earnings roundup: PepsiCo, Knight Capital Group Wednesday, 17 Oct 2012 | 10:14 AM ET

    Among the earnings stories for Wednesday, Oct. 17, from The Associated Press. _ The Knight Capital Group Inc. trading firm said it lost $764.3 million in the third quarter because of a software glitch that flooded the stock market with trades one day in August, causing dozens of stocks to fluctuate wildly.

  • Colorado ski season starts with A-Basin opening Wednesday, 17 Oct 2012 | 10:12 AM ET

    KEYSTONE, Colo.-- Colorado's ski season is getting under way. Arapahoe Basin is starting its season with an 18- inch base, one lift running and one intermediate trail open Wednesday. The ski area is the first in Colorado to open for this winter.

  • Earnings roundup: BofA, AMR Wednesday, 17 Oct 2012 | 10:12 AM ET

    Among the earnings stories for Wednesday, Oct. 17, from The Associated Press. _ American Airlines parent company AMR lost $238 million in the third quarter on employee severance payouts and other costs related to its bankruptcy. _ Bank of America Corp. narrowly turned a profit from July through September, good enough to beat Wall Street expectations.

  • *Romney, Obama spar on energy policy Wednesday, 17 Oct 2012 | 10:12 AM ET
  • Nebraska awards $2.7M for public works projects Wednesday, 17 Oct 2012 | 10:11 AM ET

    LINCOLN, Neb.-- Nebraska has awarded $2.7 million in grants to cities for local public works and water treatment projects. The money will help pay for projects in Loup City, Sidney, South Sioux City, Taylor, Walthill, Crawford, Haigler and North Loup. The city of Walthill will receive a new fire station.

  • Chinese elite politics: It's still a man's world Wednesday, 17 Oct 2012 | 10:11 AM ET

    BEIJING-- A glance at history suggests it's easier for a Chinese woman to orbit Earth than to land a spot on the highest rung of Chinese politics. "You are so young, so beautiful," state media quoted Liu as telling the teacher, Zhang Lili. " Leadership transitions only happen once a decade in China.

  • Employee charged in Enterprise Credit embezzlement Wednesday, 17 Oct 2012 | 10:10 AM ET

    TOPEKA, Kan.-- A northeastern Kansas woman is accused of stealing more than $817,000 over six years from the credit union where she worked. Attorney's office filed a criminal information Tuesday charging Pamela Emig with embezzling from Enterprise Credit in the town of Enterprise.

  • *Romney, Obama joust over tax plans and debt Wednesday, 17 Oct 2012 | 10:09 AM ET
  • Outlook roundup: CSX, Potash Wednesday, 17 Oct 2012 | 10:09 AM ET

    Among the earnings projection stories for Wednesday, Oct. 17, from The Associated Press:. _ CSX Corp. predicts its shipping volume will be relatively flat in the fourth quarter because demand for coal remains weak and the economy is growing slowly.

  • Decades late, FDR memorial park is opening in NYC Wednesday, 17 Oct 2012 | 10:05 AM ET

    NEW YORK-- It's been nearly 40 years since New York City started planning a memorial to President Franklin Roosevelt on an island in the East River. Welfare Island was renamed Roosevelt Island, and American architect Louis Kahn was commissioned to design a park honoring the 32nd president.

  • USDA: $61M provided for ND housing projects Wednesday, 17 Oct 2012 | 10:05 AM ET

    BISMARCK, N.D.-- The U.S. Department of Agriculture's Rural Development agency says it provided more than $61 million for North Dakota housing projects during the past fiscal year. The agency says funds in fiscal 2012 included loans for single-family homes and more than $3 million in rental assistance to low-income tenants.

  • Abbott Labs 3Q profit up without year-ago charges Wednesday, 17 Oct 2012 | 10:05 AM ET

    WASHINGTON-- Drug and medical device maker Abbott Laboratories reported higher third-quarter profit Wednesday, edging past analyst expectations, even as revenue slipped. Net income for the three months through Sept. 30 jumped to $1.9 billion, or $1.21 per share, from $303 million, or 19 cents per share, a year ago.