Latest Business News Wires - Business Headlines


  • ETF price war expands to BlackRock's iShares ETFs Monday, 15 Oct 2012 | 5:29 PM ET

    BOSTON-- BlackRock Inc.' s iShares unit is reducing the investment fees charged at six of its largest exchange-traded funds as the biggest ETF provider expands a fee-cutting war that's benefiting cost-conscious investors.

  • 'Taken 2' repeats at No. 1 with $21.9M weekend Monday, 15 Oct 2012 | 5:26 PM ET

    2. "Argo," Warner Bros., $19,458,109, 3,232 locations, $6,020 average, $19,458,109, one week. 4. " Hotel Transylvania," Sony, $17,241,317, 3,375 locations, $5,109 average, $102,133,934, three weeks. 5. "Here Comes the Boom," Sony, $11,816,596, 3,014 locations, $3,921 average, $11,816,596, one week.

  • Microchip warns of revenue shortfall Monday, 15 Oct 2012 | 5:25 PM ET

    CHANDLER, Ariz.-- Chipmaker Microchip Technology Inc. said Monday that its sales for the quarter that ended two weeks ago were below its expectations, due to economic and industry conditions. The Chandler, Ariz., company now expects revenue of $407 million to $408 million. On Aug. 2, it saw revenue in the $412 million to $430 million range.

  • WD-40's fiscal 4Q profit below expectations Monday, 15 Oct 2012 | 5:20 PM ET

    SAN DIEGO-- WD-40 Co. said its fiscal fourth-quarter profit dropped 11.9 percent because sales in Europe slipped as customers delayed buying its lubricant and cleaning products. WD-40 makes its namesake spray lubricant, along with related cleaning products. WD-40 gets more than half of its sales in the Americas, and about one-third from Europe.

  • News Summary: US retail sales up 1.1 percent Monday, 15 Oct 2012 | 5:12 PM ET

    SALES UP: Americans spent 1.1 percent more at retail stores in September, the Commerce Department said Monday. That followed a 1.2 percent increase in August. The gains marked the best two months for sales in two years.

  • Citigroup, Eli Lilly, Clearwire are market movers Monday, 15 Oct 2012 | 5:07 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:. Citigroup Inc., up $1.91 at $36.66. Clearwire Corp., up 37 cents at $2.69.

  • ICU Medical 3Q net income jumps 32 percent Monday, 15 Oct 2012 | 5:02 PM ET

    SAN CLEMENTE, Calif.-- ICU Medical Inc. said Monday that its net income climbed 32 percent in the third quarter on more sales of infusion therapy and cancer treatment products. Net income rose to $12.2 million, or 82 cents per share, from $9.3 million, or 65 cents per share, a year ago. Shares of ICU Medical rose 75 cents to close at $59.96.

  • Family seeks answers after death at seafood plant Monday, 15 Oct 2012 | 4:45 PM ET

    SANTA FE SPRINGS, Calif.-- Workplace safety investigators and a grieving family on Monday searched for an explanation of how a pallet jack operator was cooked to death at a Bumble Bee Foods seafood processing plant.

  • iPhone sales helped drive US retail sales in Sept. Monday, 15 Oct 2012 | 4:30 PM ET
  • FDA: Pharmacy's other drugs may be causing illness Monday, 15 Oct 2012 | 4:29 PM ET

    The New England Compounding Center of Framingham, Mass., has been under scrutiny since last month, when a rare fungal form of meningitis was linked to its steroid shots used mostly for back pain. Monday's step by the Food and Drug Administration followed reports of infections in three people who got different drugs made by the company.

  • Confident consumers give US retail sales a lift Monday, 15 Oct 2012 | 4:22 PM ET

    Retail sales jumped 1.1 percent last month, producing the best two months of sales in two years, according to figures released Monday by the Commerce Department. "The consumer is back," said Joel Naroff, chief economist at Naroff Economic Advisors. "

  • News Summary: Stocks rise on Monday Monday, 15 Oct 2012 | 4:18 PM ET

    The government said retail sales in August and September posted their two largest gains since October 2010. WHO THAT HELPS: Companies that rely on consumer spending, like Lowe's, TJX Cos. and Yum Brands. WHAT'S NEXT: Quarterly reports due Tuesday include Intel, Goldman Sachs, Johnson& Johnson, and Coca-Cola.

  • Banks, pharma drive Dow to biggest gain in a month Monday, 15 Oct 2012 | 4:10 PM ET

    The Dow Jones industrial average is closing with its biggest gain in a month after a strong retail sales report and strong earnings from Citigroup brought buyers into the market. Citi led bank stocks higher. Two stocks rose for every one that fell on the New York Stock Exchange.

  • News Summary: Gold falls to lowest level in month Monday, 15 Oct 2012 | 4:01 PM ET

    TARNISHED GOLD: Gold fell to its lowest price since Sept. 12 after new Chinese data renewed questions about whether that country's leaders will implement more economic stimulus measures. CHINA MOVES: China said its inflation rate fell in September from August.

  • Walgreen faces penalty for NY flu shot charges Monday, 15 Oct 2012 | 3:58 PM ET

    NEW YORK-- Walgreen Co. advertised free flu shots for members of the NYS Empire health plan but ended up sticking many of them with the bill. Walgreen runs the Walgreens drug store chain. Walgreen will also pay roughly $15,000 in costs to New York.

  • Gold prices fall to lowest level in a month Monday, 15 Oct 2012 | 3:58 PM ET

    Gold for December delivery dropped $22.10 to finish at $1,737.60 per ounce. China, the world's second largest economy, said its inflation rate fell to 1.9 percent in September from 2 percent in August. China's economic growth fell to a three-year low of 7.6 percent for the quarter ending in June.

  • Tennessee newspaper ends presidential endorsements Monday, 15 Oct 2012 | 3:53 PM ET

    KNOXVILLE, Tenn.-- The Knoxville News Sentinel has ended a decades-old tradition of endorsing presidential candidates, saying it no longer has any special access to the candidates.

  • At a glance: Oil finishes unchanged Monday, 15 Oct 2012 | 3:49 PM ET

    On the New York Mercantile Exchange:. _ Natural gas fell 12.5 cents to $3.486 per 1,000 cubic feet. On the ICE Futures Exchange in London:.

  • Romney, GOP raise $170.4 million in September Monday, 15 Oct 2012 | 3:46 PM ET

    WASHINGTON-- Republican presidential candidate Mitt Romney's campaign says it raised $170.4 million in September. The figure brings Romney's fundraising effort slightly behind President Barack Obama's $181 million haul for the month.

  • 'Fracking' supporters demonstrate in NY Capitol Monday, 15 Oct 2012 | 3:46 PM ET

    ALBANY, N.Y.-- Supporters of using hydraulic fracturing to produce natural gas staged a rally and march in Albany, N.Y. on Monday.