GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Peyton Manning's wife joining Grizzlies' group Friday, 5 Oct 2012 | 12:05 AM ET

    Manning and Hardaway join a minority group that includes singer and actor Justin Timberlake and a couple of Memphis businessmen, the person told The Associated Press on Thursday on condition of anonymity because Pera's purchase of the Grizzlies is pending approval by the NBA.

  • Clearwater Paper names Massman as new CEO Friday, 5 Oct 2012 | 12:01 AM ET

    SPOKANE, Wash.-- Clearwater Paper Corp. said Friday that it has named Linda Massman as its next CEO. The company also said Friday that its vice chairman and lead director of the board, Boh Dickey, will take over as chairman of the board beginning Jan. 1. Clearwater Paper, based in Spokane, Wash., makes tissue, paperboard and pulp.

  • Asia stocks higher after US data beats consensus Thursday, 4 Oct 2012 | 10:32 PM ET

    South Korea's Kospi added 0.3 percent to 1,997.84 and Hong Kong's Hang Seng added 0.2 percent to 20,958.21. Benchmarks in Taiwan and New Zealand also rose. Later in the day, the Bank of Japan will announce the outcome of its two-day policy meeting.

  • Tax group sues to block Calif. firefighting fee Thursday, 4 Oct 2012 | 9:41 PM ET

    The lawsuit, filed in Sacramento County Superior Court, claims that the $150 annual fee being assessed on 825,000 rural properties is actually an illegal tax that required a two-thirds vote of the Legislature rather than the simple majority vote it received in 2011. Targeted property owners began receiving the tax bills in August.

  • Jay-Z to stream concert on his new YouTube channel Thursday, 4 Oct 2012 | 9:31 PM ET

    NEW YORK-- Jay-Z is live-streaming the last of his eight concerts at New York City's Barclays Center for the launch of his new YouTube channel. The rapper announced Thursday his performance at the new Brooklyn sports arena will be live-streamed on Saturday at 9:30 p.m. Eastern time.

  • Correction: Bond at 50-Franchise story Thursday, 4 Oct 2012 | 8:24 PM ET

    LOS ANGELES-- In an Oct. 3 story about the James Bond franchise, The Associated Press erroneously reported that all of MGM's owners booked a loss on $5 billion in loans to the studio backing the franchise. In fact, whether the owners gain or lose in the deal will depend on how much they can reap from their ownership stakes and for how much they obtain the bonds.

  • *Money market fund assets fell to $2.564 trillion Thursday, 4 Oct 2012 | 7:50 PM ET
  • Calif. gas prices spike 8 cents a gallon overnight Thursday, 4 Oct 2012 | 7:16 PM ET

    SAN FRANCISCO-- Landscaping business owner Sebastian Figueredo stood Thursday at a Union 76 gas station near the San Francisco-Oakland Bay Bridge, holding his phone up high so he could get a photo of the price sign.

  • News Summary: Fed open to linking rate hike Thursday, 4 Oct 2012 | 6:51 PM ET

    MINUTES COUNT: Federal Reserve officials spent time at their Sept. 12-13 meetings exploring ways to provide a clearer signal on when they might raise interest rates.

  • AA says it knows why seats came loose on planes Thursday, 4 Oct 2012 | 6:36 PM ET

    FORT WORTH, Texas-- American Airlines is cancelling dozens of flights as it scrambles to fix seats that could pop loose during flight.

  • Arbor Realty Trust plans to sell 3.5M shares Thursday, 4 Oct 2012 | 6:15 PM ET

    NEW YORK-- Arbor Realty Trust Inc. said Thursday that it plans to sell 3.5 million shares of its stock. Arbor Realty plans to use the proceeds to make investments, repurchase or pay liabilities and for general corporate purposes. Arbor Realty had 27.7 million shares on the market as of Aug. 3.

  • Starbucks testing new baked goods in Bay Area Thursday, 4 Oct 2012 | 6:12 PM ET

    NEW YORK-- Starbucks Corp. is testing a variety of toasty croissants and baked goods in nine San Francisco stores, with plans to eventually expand distribution nationally. Lisa Passe, a spokeswoman for Starbucks, noted that this was an operational test to see how stores would handle deliveries and warming up the items.

  • Warner Bros. to handle older Paramount disc sales Thursday, 4 Oct 2012 | 6:11 PM ET

    to Warner Bros. in a three-year deal that puts digital copies of its newer titles for sale on Warner's Flixster online movie service.

  • Drugstore revenue comparisons for September Thursday, 4 Oct 2012 | 6:08 PM ET

    NEW YORK-- Summary of revenue at stores open at least a year in September for drugstore chains, with percentage increase or decrease over the same month last year. These figures are a key indicator of a retailer's health because they exclude revenue at newly opened stores. Rite Aid Corp. -0.7 pct.

  • Department store revenue comparisons for September Thursday, 4 Oct 2012 | 6:07 PM ET

    NEW YORK-- Summary of revenue at stores open at least a year in September for department store chains, with percentage increase or decrease over the same month last year. These figures are a key indicator of a retailer's health because they exclude revenue at newly opened stores. Bon-Ton Stores Inc. 0.6 pct.

  • Clothing store revenue comparisons for September Thursday, 4 Oct 2012 | 6:06 PM ET

    The Buckle Inc. -0.8 pct. Ross Stores Inc. 5 pct. Stein Mart Inc. 2.4 pct.

  • Discount store revenue comparisons for September Thursday, 4 Oct 2012 | 6:04 PM ET

    NEW YORK-- Summary of revenue at stores open at least a year in September for discount chains, with percentage increase or decrease over the same month last year. These figures are a key indicator of a retailer's health because they exclude revenue at newly opened stores. Costco Wholesale Corp. 6 pct.

  • Fortis inches forward in CH Energy deal Thursday, 4 Oct 2012 | 6:02 PM ET

    Fortis Inc. is a step closer to completing its acquisition of CH Energy Group Inc. following the expiration of an antitrust waiting period, the companies said Thursday. Fortis said in February that it planned to buy CH Energy in a roughly $1.5 billion deal that marked the Canadian utility's entry into the regulated U.S. electric and gas distribution market.

  • Dave & Buster's cancels IPO Thursday, 4 Oct 2012 | 5:56 PM ET

    NEW YORK-- Dave& Buster's Entertainment Inc. said Thursday that it is withdrawing its proposed initial public offering because of unfavorable market conditions. Dave& Buster's, based in Dallas, registered its IPO in July 2011, saying it expected to sell $150 million in stock.

  • Wash. Supreme Court: Pollution tax constitutional Thursday, 4 Oct 2012 | 5:37 PM ET

    OLYMPIA, Wash.-- The state Supreme Court unanimously ruled Thursday that the state's hazardous substances tax is constitutional.