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Latest Business News Wires - Business Headlines


  • Hacked UK police blogger wins damages from Times Tuesday, 9 Oct 2012 | 5:18 AM ET

    LONDON-- A police blogger unmasked after the Times of London hacked his email has been awarded 42,500 pounds in damages from the newspaper's publisher. Rupert Murdoch's News International, which publishes the Times, said Tuesday it had agreed to pay damages and legal costs for Richard Horton.

  • World stocks stall amid global growth warnings Tuesday, 9 Oct 2012 | 5:12 AM ET

    A day before, the World Bank issued a warning about a slackening expansion in Asia. Britain's FTSE 100 fell more than 0.2 percent to 5,827.72. The picture was not as bleak in Asia, where stock market performance was mixed.

  • IEA optimistic about future of Iraq oil industry Tuesday, 9 Oct 2012 | 5:03 AM ET

    The International Energy Agency predicted Tuesday that Iraq will consolidate its position as a global oil power _ allowing it to rebuild the economy of a nation ravaged by war and decades of Saddam Hussein's autocratic rule.

  • French lawmakers to vote on European fiscal treaty Tuesday, 9 Oct 2012 | 4:59 AM ET

    PARIS-- French lawmakers voted overwhelmingly to ratify a European fiscal treaty that would impose harsher penalties for countries that overspend. The treaty passed the National Assembly by 477-70 on Tuesday _ with expected opposition coming from some on the left, including in President Francois Hollande's Socialist Party.

  • Spanish bond rate edges up after IMF report Tuesday, 9 Oct 2012 | 4:55 AM ET

    MADRID-- The interest rate demanded by investors for Spain's benchmark 10- year bonds is edging back up in the wake of the International Monetary Fund's forecast that the Spanish economy will contract by 1.3 percent next year, more than double its previous predictions.

  • TNK-BP's Russian shareholders may sell out Tuesday, 9 Oct 2012 | 4:46 AM ET

    MOSCOW-- BP's billionaire Russian partners in TNK-BP indicated on Tuesday that they are considering selling their stake in the oil joint venture or disposing of it through an IPO. Moscow- based TNK-BP is jointly owned by BP and AAR, a group of Russian billionaire shareholders.

  • Banking union proving thorny issue for EU Tuesday, 9 Oct 2012 | 4:33 AM ET

    LUXEMBOURG-- European Union finance ministers grappled Tuesday with how to support their struggling banks and ensure that failing financial institutions don't have the power to drag down entire countries with them.

  • UN says world hungry not 1 billion after all Tuesday, 9 Oct 2012 | 4:12 AM ET

    ROME-- The United Nations said Tuesday its 2009 headline-grabbing announcement that 1 billion people in the world were hungry was off-target and that the number is actually more like 870 million.

  • UN says world hungry not 1 billion Tuesday, 9 Oct 2012 | 4:04 AM ET

    ROME-- The United Nations says its 2009 headline-grabbing announcement that 1 billion people in the world were hungry was off-target and that the number is actually 870 million.

  • Officials hope 'winter-blend' gas will drop prices Tuesday, 9 Oct 2012 | 3:35 AM ET

    SAN FRANCISCO-- State leaders _ and drivers _ hope to see gasoline prices drop soon, now that California officials have approved the release of "winter-blend" fuel that is expected to help bolster the state's supplies. Jerry Brown ordered it to allow so-called "winter-blend" gasoline to be sold in California earlier than usual to increase supply.

  • ING sells British businesses to Barclays Tuesday, 9 Oct 2012 | 3:31 AM ET

    AMSTERDAM-- ING Groep NV says it is selling its British businesses linked to online banking arm ING Direct UK to Barclays at a 320- million loss. ING did not disclose what the actual sales price was. ING said in a statement Tuesday it was selling in order to "sharpen the focus of the bank."

  • Plan for damaged nuke plant may need long review Tuesday, 9 Oct 2012 | 3:20 AM ET

    SAN JUAN CAPISTRANO, Calif.-- Federal regulators have disclosed that the proposed restart of the long-shuttered San Onofre nuclear power plant on California's coast could require an amendment to the plant's operating license, leading to an exhaustive review that could last months or even years.

  • Toyota, Honda sales plunge in China on islands row Tuesday, 9 Oct 2012 | 2:54 AM ET

    TOKYO-- Sales of Toyota and Honda vehicles nosedived in China during September as anti-Japanese sentiment flared over a territorial dispute that threatens to hobble what was a booming business relationship between Japan and its biggest export market.

  • Taiwan asking Apple to blur satellite image Tuesday, 9 Oct 2012 | 2:30 AM ET

    TAIPEI, Taiwan-- Taiwan is asking Apple Inc. to blur a map image of its new $1.4 billion early warning radar station that can detect aircraft and missiles coming from as far as western China. Defense Ministry spokesman David Lo said Tuesday that Apple should follow its rival Google in using only low-resolution satellite pictures to show sensitive facilities.

  • US economic officials meet top Indians Tuesday, 9 Oct 2012 | 2:13 AM ET

    Treasury Secretary Timothy Geithner was meeting Tuesday with Indian Finance Minister Palaniappan Chidambaram in New Delhi to discuss ways to improve economic ties between their two countries. Last month, the Cabinet agreed to allow foreign retail giants, such as U.S.-based Wal-Mart, into the Indian market.

  • Oil prices rebound on jitters about supplies Tuesday, 9 Oct 2012 | 1:49 AM ET

    Oil prices appeared set for a modest rebound Tuesday after three days of losses, rising nearer to $90 a barrel on supply concerns due to the Syrian conflict and delays in shipments of North Sea oil. By early afternoon in Europe, benchmark crude for November delivery was up 50 cents to $89.83 a barrel in electronic trading on the New York Mercantile Exchange.

  • Greece: Merkel travels to eurozone fault line Tuesday, 9 Oct 2012 | 1:02 AM ET

    ATHENS, Greece-- German leader Angela Merkel arrived amid draconian security measures and a mass protest in Athens Tuesday for her first visit to Greece since the eurozone crisis began there three years ago.

  • MetLife starting new asset management business Tuesday, 9 Oct 2012 | 12:57 AM ET

    NEW YORK-- MetLife rolled out an asset management business focused on real estate and private-placement debt, hoping to draw yield-starved institutional investors to areas where it already has considerable experience.

  • French lawmakers approve European fiscal treaty Tuesday, 9 Oct 2012 | 12:54 AM ET

    PARIS-- President Francois Hollande said that France can better contribute to reversing Europe's embattled fortunes after the National Assembly voted overwhelmingly Tuesday to ratify a European fiscal treaty that would impose harsher penalties for countries that overspend. "This ample majority will give France an ability to have its extra voice heard.

  • Oil price soars on supply jitters Tuesday, 9 Oct 2012 | 12:48 AM ET

    NEW YORK-- The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea. Benchmark crude gained $3.06, or 3.4 percent, to finish at $92.39 a barrel in New York. There is also concern that tensions between Turkey and Syria could escalate and disrupt supplies from the Middle East.