Latest Business News Wires - Business Headlines


  • Health changes spur test of more part-time workers Tuesday, 9 Oct 2012 | 10:01 AM ET

    NEW YORK-- The owner of Olive Garden and Red Lobster restaurants is putting more workers on part-time status in a test aimed at limiting costs from President Barack Obama's health care law. Darden Restaurants Inc. declined to give details but said the test is only in four markets across the country.

  • Fossil Vice Chairman Quick to retire from post Tuesday, 9 Oct 2012 | 9:53 AM ET

    RICHARDSON, Texas-- Fossil says Vice Chairman Mark Quick will retire from his post later this month and become a member of the board. This will bring Fossil Inc.' s board to 12 members. Shares of the Richardson, Texas company slipped 16 cents to $86.50 in morning trading.

  • Rise in California gas price slows, remains record Tuesday, 9 Oct 2012 | 9:52 AM ET

    SAN FRANCISCO-- The rise in California gasoline prices has slowed after recent jarring increases, but nonetheless the cost of a gallon inched up to another record high, even as officials hope their emergency action will help ease the sticker shock.

  • High court won't hear case against Halliburton Tuesday, 9 Oct 2012 | 9:45 AM ET

    WASHINGTON-- The Supreme Court has ruled out reviving lawsuits against Halliburton Corp. over insurgent ambushes that killed civilian truck drivers in Iraq.

  • A weak open on Wall Street on gloomy IMF forecast Tuesday, 9 Oct 2012 | 9:42 AM ET

    The International Monetary Fund said the global economy is weakening and that the downturn afflicting developing nations has begun to spread. After the closing bell, aluminum maker Alcoa becomes the first major U.S. company to report third-quarter results.

  • Court won't hear Chevron appeal concerning Ecuador Tuesday, 9 Oct 2012 | 9:38 AM ET

    WASHINGTON-- The Supreme Court is staying out of the fight over efforts by Amazon rain forest residents to collect more than $18 billion from Chevron Corp. for environmental damage in Ecuador.

  • Merkel says Greece covered "much ground" Tuesday, 9 Oct 2012 | 9:33 AM ET

    ATHENS, Greece-- German chancellor Angela Merkel said Greece has covered "much of the ground" required for recovery, during her landmark visit to the financially stricken country.

  • Obama campaign deploys Big Bird in new ad Tuesday, 9 Oct 2012 | 9:30 AM ET

    NEW YORK-- President Barack Obama deployed Big Bird in a new campaign ad Tuesday mocking Mitt Romney's vow to end federal funding for public broadcasting.

  • Dunham, Rushdie among big names at New Yorker fest Tuesday, 9 Oct 2012 | 9:30 AM ET

    NEW YORK-- A year ago, not many people had heard of Lena Dunham. Dunham, 26, whose appearance sold out in the first 20 minutes that tickets went on sale this year, was interviewed by New Yorker TV critic Emily Nussbaum on Sunday, just as word of her seven-figure book deal was emerging, an essay collection to be published by Random House. "I dressed as you for Halloween!"

  • Ky. Town, college seeking a boost from VP debate Tuesday, 9 Oct 2012 | 9:29 AM ET

    DANVILLE, Ky.-- Politicians aren't the only ones looking for a debate-related boost when Joe Biden and Paul Ryan go toe-to-toe in Kentucky.

  • Ahead of the Bell: Edwards Lifesciences tumbles Tuesday, 9 Oct 2012 | 9:28 AM ET

    The Irvine, Calif. company said Monday after markets closed that its total revenue rose 9 percent to $448 million, well short of its initial forecast for $465 million to $485 million. It said sales of Sapien heart valves totaled about $124 million, including $55 million in U.S. revenue.

  • *Flights diverted from Manila airport due to glitch Tuesday, 9 Oct 2012 | 9:27 AM ET
  • *South Korea to provide aid to chemical leak area Tuesday, 9 Oct 2012 | 9:27 AM ET
  • Ahead of the Bell: Continental Resources 5-yr plan Tuesday, 9 Oct 2012 | 9:16 AM ET

    The company is one of the largest leaseholders in the Bakken shale region in North Dakota and Montana. Analyst Subash Chandra of Jefferies& Co. said that Continental's plan implies a cost of more than $11,000 per well. Shares of Continental Resources Inc. fell $1.01 to $75.50 in premarket trading.

  • Owens Corning cuts full-year earnings forecast Tuesday, 9 Oct 2012 | 9:13 AM ET

    TOLEDO, Ohio-- Owens Corning trimmed its earnings forecast for the year due to weakness in its roofing and composites businesses. Owens Corning now anticipates adjusted earnings before interest and taxes between $280 million and $310 million. Owens Corning cut its 2012 global glass fiber market demand growth estimate to about 3 percent.

  • High court looks at race in college admissions Tuesday, 9 Oct 2012 | 9:12 AM ET

    WASHINGTON-- Nine years after the Supreme Court said colleges and universities can use race in their quest for diverse student bodies, the justices have put this divisive social issue back on their agenda in the middle of a presidential election campaign.

  • Ahead of the Bell: Eli Lilly shares continue climb Tuesday, 9 Oct 2012 | 9:11 AM ET

    Shares of drugmaker Eli Lilly and Co. continued climbing Tuesday before markets opened, a day after the stock's price topped $50 for the first time in more than four years.

  • Big gaps in Romney plan on pre-existing conditions Tuesday, 9 Oct 2012 | 9:10 AM ET

    WASHINGTON-- Republican presidential candidate Mitt Romney says he has a plan to help people with pre-existing medical conditions get health insurance.

  • Tuesday Morning expects small increase in 1Q sales Tuesday, 9 Oct 2012 | 9:09 AM ET

    DALLAS-- First-quarter revenue at discount retailer Tuesday Morning rose slightly to $172.8 million, from $170.7 million, in the same quarter last year. Excluding one-time items, Tuesday Morning Corp. it expects its net loss for the quarter to "increase modestly" from the same quarter last year. Shares rose 6 cents to $6.28 in premarket trading.

  • Diminished GOP brand heightens Romney's challenge Tuesday, 9 Oct 2012 | 9:08 AM ET

    Not helping him much is the Republican Party he leads. When talking with unaffiliated voters, "it's more important to sell Romney" than Republican policies, said Jordan McSwain, 19, who makes about 800 phone calls a week for GOP candidates from the central North Carolina town of Salisbury.