Latest Business News Wires - Business Headlines


  • Boeing engineers union rejects contract offer Tuesday, 2 Oct 2012 | 10:56 AM ET

    SEATTLE-- Boeing Co.' s union of engineers and technical workers overwhelmingly rejected the aerospace giant's first contract offer in ballots tallied Monday night. Union leaders for the Society of Professional Engineering Employees in Aerospace, or SPEEA, had recommended that the union's 23,000 members say no to Boeing's four-year contract offer.

  • US Fidelis president gets 8-year state prison term Tuesday, 2 Oct 2012 | 10:56 AM ET

    ST. CHARLES, Mo.-- The former president of US Fidelis has been sentenced to eight years in prison on state charges of stealing and fraud. Darain Atkinson was sentenced Monday in St. Charles. The 47- year-old co-founded the auto service contract seller with his 42- year-old brother, Cory Atkinson.

  • Hawaii sets insurance minimums for health care Tuesday, 2 Oct 2012 | 10:50 AM ET

    HONOLULU-- Hawaii has set minimum standards for health care insurance plans that can be sold in Hawaii under new federal guidelines. Abercrombie says the minimums will help Hawaii lead the nationwide health care transition. Hawaii is among the states that bet correctly that the U.S. Supreme Court would uphold Obama's law.

  • Fla.'s pension fund underfunded by $19.2 billion Tuesday, 2 Oct 2012 | 10:49 AM ET

    TALLAHASSEE, Fla.-- Florida's massive retirement fund now has a $19.2 billion gap between the amount of money it has and the amount of money it needs to cover all current and future benefits. The size of the gap is still within a range considered healthy by many financial experts, but it could still fuel a political debate in the Florida Legislature.

  • John Wiley & Sons buying Deltak.edu for $220M Tuesday, 2 Oct 2012 | 10:49 AM ET

    HOBOKEN, N.J.-- Publisher John Wiley& Sons is buying online education provider Deltak.edu for $220 million to diversify its offerings and speed up its digital learning strategy. John Wiley& Sons, based in Hoboken, N.J., said Tuesday that the buyout is expected to close by the end of the month. Shares of John Wiley& Sons rose 5 cents to $45.53 in morning trading.

  • CA and Anthem Blue Cross settle over data breach Tuesday, 2 Oct 2012 | 10:47 AM ET

    LOS ANGELES-- California Attorney General Kamala Harris has settled a lawsuit against Anthem Blue Cross after the insurer mailed policyholders letters that had their Social Security numbers printed on them.

  • NJ glassmaker settles air pollution allegations Tuesday, 2 Oct 2012 | 10:46 AM ET

    MILLVILLE, N.J.-- Federal and state officials say a southern New Jersey glass manufacturer has agreed to pay $300,000 in civil penalties to settle allegations that it violated air pollution standards. Durand Glass Manufacturing Co. made no admission of violations under the agreement announced Monday.

  • NLRB says Calif. newspaper bargains in bad faith Tuesday, 2 Oct 2012 | 10:45 AM ET

    SANTA BARBARA, Calif.-- The National Labor Relations Board has affirmed a judge's decision that the publisher of the Santa Barbara News-Press has bargained in bad faith in a long-running dispute with a newsroom union. The federal agency last week ordered Ampersand Publishing LLC to bargain in good faith with the union representing the company's employees.

  • Russian lawyer's mom urges new look into his death Tuesday, 2 Oct 2012 | 10:44 AM ET

    MOSCOW-- The mother of a whistleblowing Russian lawyer who died in prison made an emotional appeal Tuesday for a new inquiry into his death while testifying against a former prison doctor. Magnitsky was arrested in 2008 by the same Interior Ministry officials whom he accused of using false tax documents to steal $230 million from the state.

  • U-T San Diego completes buy of North County Times Tuesday, 2 Oct 2012 | 10:43 AM ET

    SAN DIEGO-- The owner of U-T San Diego says it has completed its purchase of the region's second-largest newspaper, the North County Times. San Diego hotelier Doug Manchester's MLIM Holdings said Monday that there will be an unspecified number of layoffs at the North County Times, which covers northern San Diego County.

  • Iowa harvest ahead of schedule Tuesday, 2 Oct 2012 | 10:42 AM ET

    DES MOINES, Iowa-- Iowa's corn and soybean harvests have passed the halfway point as farmers move quickly to get the drought-damaged crops out of the fields. The U.S. Department of Agriculture says 56 percent of the corn and 54 percent of the soybeans have been harvested.

  • ArQule stock plunges as lung cancer study shelved Tuesday, 2 Oct 2012 | 10:42 AM ET

    NEW YORK-- ArQule Inc. stock lost more than half its value in Tuesday trading after the company said it stopped a clinical trial of its cancer drug tivantinib because the therapy was not improving survival in lung cancer patients.

  • Company planning SD refinery lets options expire Tuesday, 2 Oct 2012 | 10:41 AM ET

    SIOUX FALLS, S.D.-- A company that planned to build a $10 billion oil refinery said Monday it has allowed land-purchase options to expire for thousands of acres of southeastern South Dakota farmland.

  • Gladstone to sell 4M shares for $7.50 per share Tuesday, 2 Oct 2012 | 10:40 AM ET

    MCLEAN, Va.-- Gladstone Investment Corp. said Tuesday that it reached a deal to sell 4 million shares of its common stock in a public offering for $7.50 per share. Gladstone also granted the offerings' underwriter, Jefferies& Co., a 30- day option to buy 600,000 more shares at the same terms. In morning trading, its shares fell 50 cents, or 6.4 percent, to $7.30.

  • Okla. treasurer: Revenue collections resume climb Tuesday, 2 Oct 2012 | 10:38 AM ET

    OKLAHOMA CITY-- Overall state revenue collections slightly outpaced those from the prior year, despite continued lower collections from oil and natural gas production, Oklahoma Treasurer Ken Miller reported Monday. Overall, gross collections for the month totaled $988 million, an increase of $27 million, or nearly 3 percent, from September 2011.

  • A glance at how NRF redefined holiday sales Tuesday, 2 Oct 2012 | 10:38 AM ET

    The National Retail Federation, the nation's largest retail trade group, now has a broader definition of holiday sales. Meanwhile, the trade group decided to broaden its definition to also include sales from retailers like Autozone and O'Reilly Auto Parts because they're becoming a fast-growing segment of the industry.

  • Alaska seeks to block fuel standard enforcement Tuesday, 2 Oct 2012 | 10:36 AM ET

    JUNEAU, Alaska-- The state of Alaska is asking a federal judge to block enforcement of rules intended to limit pollution from large ships. Alaska is suing the federal government over the new fuel standard, arguing it will result in higher freight rates and pricier cruises that will hurt the state's economy.

  • EPA, Elm Ridge Exploration Co. reach settlement Tuesday, 2 Oct 2012 | 10:31 AM ET

    DENVER-- Court documents show Dallas- based Elm Ridge Exploration Co. has agreed to pay $275,000 to settle allegations that it violated emission standards at its Ignacio gas treating plant on the Southern Ute Indian Reservation in Colorado.

  • Md. panel recommends raising debt limit $150M Tuesday, 2 Oct 2012 | 10:30 AM ET

    ANNAPOLIS, Md.-- A Maryland panel on Monday recommended raising the state's debt limit by $150 million in the next fiscal year. For example, the state's Board of Revenue Estimates recently increased revenue projections for the current fiscal year by $181 million. It also raised ongoing revenue estimates by $120 million to $185 million per year.

  • Settlement cuts utility's pollution plan by $225M Tuesday, 2 Oct 2012 | 10:28 AM ET

    FRANKFORT, Ky.-- A settlement prompted by a federal court ruling on power plant emissions has cut the cost of a western Kentucky utility's pollution control plan by $225 million. The Kentucky Public Service Commission announced the settlement Monday.

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