Latest Business News Wires - Business Headlines


  • Recalls this week: denim shorts, LED TV's Friday, 5 Oct 2012 | 3:43 PM ET

    A line of girls' denim shorts with studs that can become a choking hazard to young children are among this week's recalled consumer products. DETAILS: Pink Angel embroidered girls' denim shorts sold at Buy Buy Baby from January 2012 through July 2012.

  • *Report: Obama campaign outpacing Romney's in ads Friday, 5 Oct 2012 | 3:36 PM ET
  • Mexico announces big Gulf deep water oil find Friday, 5 Oct 2012 | 3:29 PM ET

    MEXICO CITY-- Mexico's state-owned oil company reports it has found possible reserves of as much as 125 million barrels of oil at a deep-water well in the Gulf of Mexico. It notes that if proven, that would double Mexico's current proven reserves. President Felipe Calderon announced the discovery Friday.

  • Calif. refinery back online amid soaring prices Friday, 5 Oct 2012 | 3:24 PM ET

    LOS ANGELES-- Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon in some areas, ending a week of soaring costs that saw some stations close and others charge record prices. In Southern California, the price jumped 20 cents a gallon overnight to $4.53 in Ventura.

  • American says it has fixed seats on 42 planes Friday, 5 Oct 2012 | 3:24 PM ET

    DALLAS-- American Airlines says it has repaired 42 of 48 planes that were pulled aside and inspected because the seats could come loose. "We sincerely apologize to our customers for any inconvenience this may cause with their travel plans," said spokeswoman Andrea Huguely.

  • Sector Snap: Dollar Stores Friday, 5 Oct 2012 | 3:22 PM ET

    He named Family Dollar Stores Inc. as his top pick among the group, rating it at "Outperform" with an $81 price target. The analyst also rated Dollar Tree Inc. at "Outperform" with a $55 target price. In afternoon trading, Family Dollar shares added 42 cents to $69.07; Dollar Tree shares rose $1.33, or 2.8 percent, to $48.18 and Dollar General shares fell 27 cents to $51.80.

  • Walker says latest national jobs report good news Friday, 5 Oct 2012 | 3:21 PM ET

    Scott Walker praised the latest national jobs figures showing a drop in the unemployment rate to its lowest level since President Barack Obama took office, but he refused to credit Obama's policies for the improvement.

  • Cyprus seeks bailout deal by month's end Friday, 5 Oct 2012 | 3:20 PM ET

    NICOSIA, Cyprus-- Cyprus' government spokesman says the country is looking to clinch a bailout deal with potential creditors in the coming weeks so that the agreement can get the backing of the other 16 countries that use the euro when their finance ministers meet next month.

  • Neutral Tandem shares drop after downgrade Friday, 5 Oct 2012 | 3:18 PM ET

    NEW YORK-- Shares of data services company Neutral Tandem Inc. dropped sharply to a new low Friday as R.W. Baird analysts downgraded the company's rating, saying its financial performance has weakened more than expected.

  • US consumer credit up $18.1 billion in August Friday, 5 Oct 2012 | 3:05 PM ET

    WASHINGTON-- Americans boosted their borrowing in August by the largest amount in three months with strong gains in the category that covers auto and student loans and in credit card debt. The August borrowing gains reflected a $4.2 billion increase in borrowing on credit cards and a $13.9 billion increase in auto and student loans.

  • 25 Ark. hospitals awarded in Medicaid program Friday, 5 Oct 2012 | 3:04 PM ET

    LITTLE ROCK, Ark.-- The Arkansas Department of Human Services says 25 hospitals have received $4.1 million in bonus payments for improving the quality of care that patients receive. Arkansas Medicaid handed out the awards to hospitals as part of its pay-for-performance Inpatient Quality Incentive program.

  • *Court to weigh if payment needed for permit denial Friday, 5 Oct 2012 | 3:00 PM ET
  • Giants, 49ers, yachts, fests: SF braces for crowds Friday, 5 Oct 2012 | 2:59 PM ET

    SAN FRANCISCO-- An unusual convergence of sporting and entertainment events in San Francisco this weekend promises to bring up to a million extra people into the densely populated bayside city.

  • Ruling upholding Kan. cap on damages called unjust Friday, 5 Oct 2012 | 2:59 PM ET

    TOPEKA, Kan.-- An attorney for a Kansas woman who challenged a limit on damages for pain and suffering in lawsuits says a state Supreme Court ruling against his client is unjust. Kansas law limits damages for non-economic losses such as pain and suffering to $250,000 in personal injury lawsuits.

  • Job trends key to presidents seeking re-election Friday, 5 Oct 2012 | 2:52 PM ET
  • US probes Honda Pilots, Odysseys that roll away Friday, 5 Oct 2012 | 2:51 PM ET

    DETROIT-- U.S. safety regulators are investigating complaints that Honda Odyssey minivans and Pilot SUVs can roll away after drivers remove the ignition key. The probe by the National Highway Traffic Safety Administration affects more than 577,000 older-model vehicles, which were big sellers with families because of their space and reputation for quality.

  • Informatica edges higher following Thursday plunge Friday, 5 Oct 2012 | 2:48 PM ET

    NEW YORK-- Shares of business software maker Informatica Corp. made a small rebound Friday after losing more than 20 percent of their value a day earlier following the company's disappointing third-quarter forecast. THE SPARK: On Thursday, Informatica forecast a smaller profit and less revenue than analysts had expected.

  • Medicines Co. dips after company ends drug study Friday, 5 Oct 2012 | 2:44 PM ET

    NEW YORK-- Shares of The Medicines Co. slumped Friday after the company said it was ending development of a drug designed to reduce bleeding during surgery because of safety concerns. THE SPARK: After the market closed on Thursday, Medicines Co. said it was ending development of MDCO-2010 because of "serious unexpected patient safety issues."

  • BP protester says police retaliating over lawsuit Friday, 5 Oct 2012 | 2:42 PM ET

    JACKSON, Miss.-- A woman suing a south Mississippi city for her arrest while protesting the BP oil spill has filed a new complaint that claims she was arrested again for no reason in retaliation for the lawsuit. Sandra Howard sued the city of Long Beach and officers Shawn Johnson and Melissa Peterson on Nov. 18, 2011.

  • Nigeria: Sabotaged phone lines worsen crisis Friday, 5 Oct 2012 | 2:37 PM ET

    MAIDUGURI, Nigeria-- Sabotaged phone lines prevented students from warning friends and possibly saving their lives in the attack in which 22 college students were killed earlier this week, survivors said Friday. John Bello, a Mubi college student, said Friday that only one mobile phone network was working in the town and that it was congested.