GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Sector Snap: Auto parts retailers downgraded Wednesday, 10 Oct 2012 | 3:40 PM ET

    NEW YORK-- Shares of auto parts retailers declined Wednesday after Sterne Agee& Leach downgraded Penske Automotive Group and Group 1 Automotive Inc., after their stock had gained value for months. Group 1 shares lost $1.34, or 2.1 percent, to $63.04 in afternoon trading and Penske stock lost 86 cents, or 2.7 percent, to $31.

  • Oil prices fall on mixed signals for economy Wednesday, 10 Oct 2012 | 3:36 PM ET

    NEW YORK-- The price of oil finished lower Wednesday after some mixed economic signals. Benchmark crude rose early in the day after the government reported wholesale stockpiles rose, and sales were up for the first time in four months. The Labor Department said Wednesday that job openings dropped by 32,000 to 3.56 million in August.

  • Huge window switch recall hampers Toyota comeback Wednesday, 10 Oct 2012 | 3:33 PM ET

    DETROIT-- The largest recall in Toyota's 75- year history could undermine the Japanese automaker's comeback from natural disasters and embarrassing safety problems. Toyota said grease wasn't applied evenly to the switch during production, causing friction and sometimes smoke and fire.

  • Endeavour Intl. prices offering of $54M in notes Wednesday, 10 Oct 2012 | 3:31 PM ET

    HOUSTON-- Endeavour International Corp. on Wednesday priced its private offering of an additional $54 million of its 12 percent first priority notes due 2018.. The Houston oil and gas company said the notes were priced at 109 percent of par, at a yield worst of 9.436 percent. Endeavor shares fell 53 cents, or 5.7 percent, to $8.83 in afternoon trading.

  • Sector Snap: Life science stocks trade lower Wednesday, 10 Oct 2012 | 3:30 PM ET

    Analyst Sung Ji Nam said that for now, the major sources of growth for companies including Illumina Inc. and Life Technologies Corp. will be sales of new, more advanced gene-sequencing products and disposable items used in testing, and their biggest clients will remain academic and clinical customers.

  • IRS commissioner Shulman to step down Wednesday, 10 Oct 2012 | 3:23 PM ET

    Shulman, who was appointed IRS commissioner by President George W. Bush and confirmed by the Senate in March, 2008, will leave the post on Nov. 9. The IRS, in its biography of Shulman, noted that under his tenure the agency has gone from eighth to third out of the 14 largest federal agencies in a rating of the best places to work.

  • Revel reveals revenue reversal in September Wednesday, 10 Oct 2012 | 3:19 PM ET

    Atlantic City's newest casino took less money from gamblers in September than it did in August. Atlantic City's 12 casinos collectively saw their September revenue fall by 6.3 percent to $276 million compared with September 2011. So far, Revel has not been the catalyst that many in Atlantic City had hoped it would be.

  • How the Fed compiles the Beige Book, at a glance Wednesday, 10 Oct 2012 | 3:14 PM ET

    Eight times a year, the Federal Reserve issues the Beige Book, a snapshot of business conditions in each of the Fed's 12 regional bank districts. The Beige Book is updated two weeks before each meeting of the Fed's policymaking meeting in Washington. GDP is the value of all goods and services produced in the United States.

  • Final run for 6.5-ounce returnable Coke bottle Wednesday, 10 Oct 2012 | 3:12 PM ET

    A small Coke bottler in Minnesota says it's stopping production of the bottles, which customers could return to get back a 20- cent deposit. The company in Winona, Minn., had been refilling the returnable bottles since 1932 but said it no longer makes business sense to continue doing so.

  • Shares of refiners fall on Chevron's 3Q outlook Wednesday, 10 Oct 2012 | 3:10 PM ET

    NEW YORK-- Shares of several oil refining companies fell Wednesday after Chevron Corp. said its third-quarter results will be substantially lower than its second-quarter earnings.

  • DC shows off new trains, upgrading 1970s look Wednesday, 10 Oct 2012 | 2:59 PM ET

    WASHINGTON-- The nation's capital city is showing off a sleek new design for its subway trains, the biggest visible change to the cars since the system opened in the late 1970 s. Improvements on the new trains will be noticeable to anyone who has traveled the nation's second-busiest subway system.

  • Gold holds, but platinum and palladium down Wednesday, 10 Oct 2012 | 2:56 PM ET

    Stocks fell sharply because of signs of concern from Alcoa and Chevron. Alcoa said it expects a slowdown in China to lower demand for the aluminum it makes. George Gero, a vice president at RBC Global Futures, said a sell-off in gold is unlikely considering low interest rates, tension between Syria and Turkey and the ongoing European debt crisis.

  • *Debbie Reynolds hospitalized, cancels shows Wednesday, 10 Oct 2012 | 2:56 PM ET
  • Earnings Preview: Safeway reports 3Q Thursday Wednesday, 10 Oct 2012 | 2:55 PM ET

    NEW YORK-- Safeway Inc. may give investors a glimpse of how the supermarket chain's new loyalty program for shoppers is impacting sales when it reports its third-quarter results Thursday.

  • Kerouac's only play premieres in Mass. hometown Wednesday, 10 Oct 2012 | 2:54 PM ET

    The Beat Generation notables and their poetry-writing, conformity-defying antics come to life in the first production of Kerouac's only play.

  • Endeavour resolves work stoppage at Mexican mine Wednesday, 10 Oct 2012 | 2:53 PM ET

    NEW YORK-- Endeavour Silver Corp. said Wednesday that it has resolved the work stoppage that blocked its management from accessing certain facilities held under lease near the El Cubo mine in Mexico. Endeavor's U.S. shares rose 24 cents, or 2.6 percent, to $9.37 in afternoon trading. They are up 29 percent from a 52- week low of $7.25 set in mid-May.

  • Unlikely Starbucks-Rodarte duo team for holiday Wednesday, 10 Oct 2012 | 2:41 PM ET

    NEW YORK-- Not expecting the indie fashion darlings of Rodarte and the in-every-neighborhood coffee retailer Starbucks to be in the same sentence, let alone the same stores? Starbucks Corp. tapped sisters Laura and Kate Mulleavy as its next design partners for a series of limited-edition products for the holiday season.

  • News Summary: Top China officials to skip IMF Wednesday, 10 Oct 2012 | 2:40 PM ET

    CHINA BOWS OUT: China's central bank governor and finance minister won't be attending IMF and World Bank annual meetings in Tokyo this week. MORE MINOR OFFICIALS: China's official Xinhua news agency published a report that said China's delegations to the meetings would be headed by a deputy to the central bank governor and a vice finance minister.

  • News Summary: Smashing pumpkin harvest Wednesday, 10 Oct 2012 | 2:36 PM ET

    SMASHING SUCCESS: Farmers in a stretch of Illinois where most of the nation's pumpkins are grown say their crop is likely to be one of the few successes in a year when severe drought baked most of the nation's heartland.

  • News Summary: US job openings dip in August Wednesday, 10 Oct 2012 | 2:29 PM ET

    FEWER JOBS POSTED: U.S. employers advertised 3.56 million jobs in August, or 32,000 fewer jobs than July, the Labor Department said. That meant about 3.5 unemployed people, on average, were competing for each opening job. In a healthy economy, the ratio is usually 2 to 1..