Latest Business News Wires - Business Headlines


  • FEMA individual aid reaches $105M after Isaac Tuesday, 16 Oct 2012 | 10:15 AM ET

    BATON ROUGE, La.-- Homeowners and renters have been approved for $105 million in individual aid from the Federal Emergency Management Agency since Hurricane Isaac. Another $19 million has been provided for other types of individual assistance, according to FEMA. FEMA spokesman Ray Perez provided the latest figures Monday.

  • Cuba scraps exit visa requirement Tuesday, 16 Oct 2012 | 10:15 AM ET

    A notice published in Communist Party newspaper Granma said Cubans will also not have to present a letter of invitation to travel abroad when the rule change takes effect Jan. 13, and beginning on that date islanders will only have to show their passport and a visa from the country they are traveling to.

  • UN meeting reviews ways to save biodiversity Tuesday, 16 Oct 2012 | 10:14 AM ET

    NEW DELHI-- Delegates from nearly 200 countries were working Tuesday to implement an agreement on protecting Earth's ecosystems at a biodiversity conference in southern India.

  • Iowa harvest nearly complete Tuesday, 16 Oct 2012 | 10:14 AM ET

    DES MOINES, Iowa-- Iowa farmers are close to wrapping up this year's harvest as much needed rain finally fell across most of the state. The U.S. Department of Agriculture says 87 percent of the corn crop has been harvested, which is a month ahead of schedule. Ninety-three percent of the soybean crop is in from the fields, which is three weeks ahead of normal.

  • Elton John remembers Ryan White at his AIDS gala Tuesday, 16 Oct 2012 | 10:13 AM ET

    NEW YORK-- On the red carpet of his annual AIDS foundation benefit Monday night, Sir Elton John remembered AIDS sufferer Ryan White. The 65- year musician said dealing with the teenager's death was a major turning point in his life, which at the time was "out of whack."

  • SD harvest advances with good weather Tuesday, 16 Oct 2012 | 10:13 AM ET

    SIOUX FALLS, S.D.-- South Dakota's row crop harvest advanced substantially again last week, with nearly all the soybeans harvested. The U.S. Agriculture Department says in its weekly crop and weather report that 98 percent of the soybean crop was harvested, up from last year's pace and well ahead of the five-year average.

  • Favorable weather helps ND fieldwork Tuesday, 16 Oct 2012 | 10:12 AM ET

    FARGO, N.D.-- Good weather helped North Dakota farmers make progress last week in harvesting corn, soybeans and sugar beets. The U.S. Agriculture Department says in its weekly crop, livestock and weather report that the soybean harvest was nearly complete.

  • Chinese warships cross waters near Japan island Tuesday, 16 Oct 2012 | 10:10 AM ET

    The Chinese ships were sighted about 49 kilometers from the island of Yonaguni, in Japan's Okinawa prefecture, according to Japan's Defense Ministry. They were about 200 kilometers from a chain of small islands that have sparked a heated dispute between Japan and China. Defense Minister Satoshi Morimoto said Japan is monitoring the ships' movement.

  • Justin Bieber turns style icon for Adidas NEO Tuesday, 16 Oct 2012 | 10:06 AM ET

    LONDON-- Teen superstar Justin Bieber has teamed up with the Adidas NEO Label to be its new global style icon. The Canadian pop star, who cites James Dean as his fashion idol, says the collaboration is a "perfect fit" because "we both believe in living life to the fullest, being young, free and making our own style."

  • MN sugarbeet harvest advances as corn nears finale Tuesday, 16 Oct 2012 | 10:05 AM ET

    ST. PAUL, Minn.-- Minnesota's sugarbeet harvest is progressing quickly while the state's corn harvest is nearly complete. Minnesota's corn is 90 percent harvested, compared with 40 percent last year and a 27 percent average. Precipitation ranged from none in central areas to nearly 1.5 inches in Preston in southeastern Minnesota.

  • S&P to review utilities in NY, Maine for downgrade Tuesday, 16 Oct 2012 | 10:05 AM ET

    The rating agency will review Iberdrola's rating for a downgrade because the company gets almost half its revenue from Spain, which is in recession. Worsening conditions there could hurt Iberdrola's profitability. Iberdrola owns New York utilities Rochester Gas& Electric and New York State Electric and Gas as well as Central Maine Power.

  • Kansas winter wheat planting making progress Tuesday, 16 Oct 2012 | 10:04 AM ET

    WICHITA, Kan.-- Kansas farmers are nearly done planting winter wheat, with 81 percent of the crop now seeded. Kansas Agricultural Statistics Service also says in a report Monday that 44 percent of the winter wheat has emerged. Meanwhile, fall harvest is nearing the end for the Kansas corn crop, with 90 percent of it now cut.

  • A look at some of the top smoking nations Tuesday, 16 Oct 2012 | 10:04 AM ET

    Russia's Prime Minister Dmitry Medvedev declared war on tobacco Tuesday, calling for a ban on tobacco advertising, an end to smoking in public and a rise in the price of a pack. Russia's smoking rates are among the world's highest, led by the central Pacific island nation of Kiribati where 57 percent of the adult population lights up.

  • SC Ag Dept focusing on food safety Tuesday, 16 Oct 2012 | 10:03 AM ET

    COLUMBIA, S.C.-- South Carolina officials have hired someone to keep an eye on food safety across the state. The South Carolina Department of Agriculture announced last week that Weatherly Thomas had been hired to serve as its statewide food safety coordinator.

  • US homebuilder confidence at 6-year high Tuesday, 16 Oct 2012 | 10:02 AM ET

    LOS ANGELES-- Confidence among U.S. homebuilders remains at its highest level in six years, reflecting improved optimism over the strengthening housing market this year and a pickup in visits by prospective buyers to builders' communities.

  • GM to start producing electric Cadillac in 2013 Tuesday, 16 Oct 2012 | 10:02 AM ET

    DETROIT-- General Motors says production is set to begin late next year on a luxury version of its Chevrolet Volt hybrid. The automaker said Tuesday the Cadillac ELR will be assembled at the Detroit-Hamtramck Assembly plant.

  • NH AG: bank breach could affect 43,750 in NH Tuesday, 16 Oct 2012 | 10:02 AM ET

    CONCORD, N.H.-- The New Hampshire attorney general's office says it's been notified that TD Bank's potential data breach could affect 43,750 customers in New Hampshire. TD Bank says it's monitoring the situation. TD Bank has eight million customers.

  • Omnicom 3rd-quarter earnings, revenue nearly flat Tuesday, 16 Oct 2012 | 10:01 AM ET

    NEW YORK-- Advertising and marketing company Omnicom Group Inc. reported nearly flat earnings and revenue compared with a year earlier, as U.S. revenue grew but international revenue declined. Omnicom had fewer outstanding shares in the latest quarter, which increases earnings per share. He rates Omnicom "Hold" with a target price of $45.

  • HCA Holdings 3Q results slightly below Street Tuesday, 16 Oct 2012 | 9:56 AM ET

    NASHVILLE, Tenn.-- Hospital company HCA Holdings released preliminary third-quarter results Tuesday that came in slightly below Wall Street's expectations. HCA Holdings Inc. expects quarterly earnings of 78 cents per share on revenue of about $8.06 billion. HCA Holdings, based in Nashville, Tenn., will report its third-quarter financial results on Nov. 1.

  • Battery maker A123 files for bankruptcy protection Tuesday, 16 Oct 2012 | 9:52 AM ET

    DETROIT-- After years of struggling in the nascent market for electric cars, battery maker A123 Systems Inc. filed for bankruptcy protection Tuesday. The filing drew criticism from Republicans who claim the Obama administration has wasted millions of taxpayer dollars on alternative energy companies like A123.