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  • InterMune says Canada approves lung-disease drug Tuesday, 2 Oct 2012 | 5:16 PM ET

    BRISBANE, Calif.-- InterMune Inc. said Tuesday that Canadian regulators approved its lung-disease drug Esbriet. InterMune said Health Canada approved Esbriet as a treatment for mild-to-moderate idiopathic pulmonary fibrosis in adults.

  • American says installation job caused seat snafu Tuesday, 2 Oct 2012 | 5:07 PM ET

    The first sign of trouble showed up last Wednesday, when crews noticed loose seats on a plane that had flown from Dallas-Fort Worth International Airport to Vail, Colo. The seats were tightened again that day in Boston. The same plane had to make an emergency landing Monday when seats came loose shortly after takeoff on a New York- to- Miami flight.

  • S&P upgrades outlook on Group 1 Tuesday, 2 Oct 2012 | 4:58 PM ET

    NEW YORK-- Standard& Poor's Ratings Services upgraded its rating outlook on Group 1 Automotive Inc. Tuesday, saying that the automotive retailer's credit measures have improved since the recession and may make further gains soon. Group 1' s shares rose 93 cents to close at $61.50. The stock has traded between $33.31 and $61.34 in the past 52 weeks.

  • KHL plans hockey broadcasts in US Tuesday, 2 Oct 2012 | 4:55 PM ET

    NEW YORK-- The Kontinental Hockey League says some of its games will be broadcast in the United States on ESPN3 during the NHL lockout. However, ESPN spokesman Josh Krulewitz said "the agreement is not finalized." Four other games were listed through Oct. 9.

  • Antares gets development payment from Pfizer Tuesday, 2 Oct 2012 | 4:54 PM ET

    EWING, N.J.-- Antares Pharma Inc. said Tuesday it received a $750,000 milestone payment from its partner Pfizer Inc.. In December 2011 Antares licensed drug delivery technology to Pfizer. Shares of Antares Pharma rose 12 cents, or 2.8 percent, to $4.40 on Tuesday.

  • How the major stock indexes fared on Tuesday Tuesday, 2 Oct 2012 | 4:48 PM ET

    The country's largest fertilizer company, Mosaic, said weak demand from China and India have hurt its profits. The S&P 500 index rose 1.26, or less than 0.1 percent, to close at 1,445.75. The S&P 500 is up 5.08, or 0.4 percent.

  • US auto sales stay strong in September Tuesday, 2 Oct 2012 | 4:48 PM ET

    DETROIT-- Americans found plenty of reasons to buy new cars in September, making auto sales a bright spot in the economy for yet another month. Sales rose for most carmakers, led by big gains at Toyota, Honda and Volkswagen. Gas prices have jumped 14 percent since July 1, and hit $3.79 per gallon at the end of September, a record for that time of year.

  • MetroPCS, Express, Stage Stores are market movers Tuesday, 2 Oct 2012 | 4:43 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:. MetroPCS Communications Inc., up $2.05 at $13.57. Deutsche Telekom AG, parent company of cellphone carrier T-Mobile USA, said it is in talks to buy smaller rival MetroPCS.

  • Dara Biosciences regains Nasdaq price compliance Tuesday, 2 Oct 2012 | 4:40 PM ET

    RALEIGH, N.C.-- Dara Biosciences Inc. said Tuesday it has regained compliance with Nasdaq share price rules. The stock returned to closing above $1 on Sept. 14, and has maintained that level for 13 straight sessions. Shares of Dara Biosciences rose 4 cents to end at $1.04 on Tuesday.

  • News Summary: Stocks waver on Mosaic earnings miss Tuesday, 2 Oct 2012 | 4:38 PM ET

    THE FERTILIZER REPORT: The country's largest fertilizer company, Mosaic, said weak demand from China and India hurt its profits. EUROPE WATCH: Stocks took a turn lower after Spain's prime minister said that he's not preparing a request for a bailout loan.

  • News Summary: Myanmar gets its 1st investment bank Tuesday, 2 Oct 2012 | 4:38 PM ET

    NEW VENTURE: Alisher Ali opened Myanmar's first-ever investment bank with $1 million of his own money. By the time Mandalay Capital closed its fundraising last month, Ali had raised $25 million.

  • Activists send fake email to Shell workers Tuesday, 2 Oct 2012 | 4:37 PM ET

    HOUSTON-- Two activist groups said Tuesday they sent an email to more than 71,000 Shell Oil employees that pretended to be from a fake company division and provided information about a U.S. Supreme Court case involving the company.

  • Covidien completes $100M CNS Therapeutics deal Tuesday, 2 Oct 2012 | 4:35 PM ET

    NEW YORK-- Drug and medical device maker Covidien PLC said Tuesday it completed its $100 million purchase of CNS Therapeutics. Covidien announced it was buying CNS on Sept. 24. CNS is now part of Covidien's Mallinckrodt pharmaceuticals business.

  • Auto sales, home prices help buoy weak US economy Tuesday, 2 Oct 2012 | 4:27 PM ET

    WASHINGTON-- The U.S. economy is looking more resilient, thanks in part to encouraging signs for the two most expensive purchases most Americans make: cars and homes. Cheap loans and a bounty of fuel-efficient models enticed people to buy new vehicles at a brisk pace last month.

  • Oil price below $92 per barrel Tuesday, 2 Oct 2012 | 4:26 PM ET

    NEW YORK-- The price of oil fell Tuesday as investors weighed positive U.S. economic news against ongoing concerns about Europe. On the New York Mercantile Exchange:. Benchmark crude fell 59 cents to finish at $91.89 per barrel.

  • Stocks waver on Spain report, Mosaic miss Tuesday, 2 Oct 2012 | 4:25 PM ET

    The country's largest fertilizer company, Mosaic, said weak demand from China and India have hurt its profits. Mosaic, Dupont and stocks of other companies in the materials industry fell. Dupont led the Dow lower, sinking 86 cents to $49.50.

  • Labor standoffs silence orchestras in Minn., Indy Tuesday, 2 Oct 2012 | 4:24 PM ET

    MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the average musicians' salary by $46,000 a year.

  • Mo. revenues up 6.6 percent through September Tuesday, 2 Oct 2012 | 4:23 PM ET

    JEFFERSON CITY, Mo.-- Missouri revenues are up 6.6 percent through the first quarter of its budget year. Figures released Tuesday by the Office of Administration show most the growth resulted from a decline in income tax refunds paid to businesses and individuals compared with last year. Missouri's budget year began July 1.

  • Cenovus gets approval for Oilsands Quest purchase Tuesday, 2 Oct 2012 | 4:22 PM ET

    Cenovus Energy Inc. said Tuesday that it has received Canadian court approval for its plans to buy the remaining assets of oil sand exploration business Oilsands Quest for $10 million. The deal includes three oil sands leases in Alberta and Saskatchewan. Cenovus was able to acquire the assets through the liquidation of OIlsands Quest.

  • News Summary: Soybeans fall as new supplies arrive Tuesday, 2 Oct 2012 | 4:19 PM ET

    RACE TO HARVEST: Soybean prices fell as a fast-paced harvest delivers more supplies to the marketplace. EYES ON SPAIN: Other commodities were mixed after Spain's prime minister said a request for bailout funding isn't imminent.

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