Latest Business News Wires - Business Headlines


  • A look at Lance Armstrong and his sponsors Wednesday, 17 Oct 2012 | 7:14 PM ET

    This is a look at companies that have re-examined their relationship with the cyclist in light of the U.S. Anti-Doping Agency's decision to ban him for life from the sport based on evidence he used performance-enhancing drugs to win the Tour de France:.

  • Michigan Senate sends Blue Cross overhaul to House Wednesday, 17 Oct 2012 | 7:03 PM ET

    In exchange for operating as the state's so-called insurer of last resort _ meaning it must provide insurance coverage regardless of a customer's health status _ Blue Cross has been exempt from paying several local and state taxes.

  • NYPD chief: Terror suspect arrived on student visa Wednesday, 17 Oct 2012 | 6:55 PM ET

    NEW YORK-- New York City Police Commissioner Raymond Kelly says the 21- year-old arrested on charges that he plotted to blow up the Federal Reserve building in Manhattan came to the U.S. on a student visa. Authorities tracked him using Facebook and other social media, but the account was taken down Wednesday.

  • NZ stock market halts trading in Fisher & Paykel Wednesday, 17 Oct 2012 | 6:51 PM ET

    WELLINGTON, New Zealand-- The New Zealand stock market has suspended trading in shares of Fisher& Paykel Appliances pending an announcement. The home appliance company has been the target of a $704 million takeover bid by Chinese home appliance giant Haier Group, which already owns 20 percent of the company.

  • News Summary: Should you change checking accounts? Wednesday, 17 Oct 2012 | 6:49 PM ET

    PAYING MORE FOR CHECKING: The average monthly service fee on checking accounts rose 25 percent from last year to a record $5.48, according to financial data publisher Bankrate. ATM fees rose 4 percent and overdraft fees rose 1.4 percent.

  • Should you look for a new checking account? Wednesday, 17 Oct 2012 | 6:48 PM ET

    The average monthly service fee on checking accounts that don't pay interest is now a record $5.48, a 25 percent increase over last year, according to Bankrate, a financial data publisher. The fee for using an ATM outside a bank's network rose to $2.50, a 4 percent increase.

  • Earnings Preview: 3M expected to post 3Q profit Wednesday, 17 Oct 2012 | 6:44 PM ET

    MINNEAPOLIS-- 3 M Co. makes an array of stuff that, taken together, can be a good indicator of where the economy is today, and where it's headed. That's what investors will be looking for when 3 M reports third-quarter results on Tuesday. WHAT TO WATCH FOR: 3 M makes Post-it notes.

  • MannKind Corp. plans public stock offering Wednesday, 17 Oct 2012 | 6:40 PM ET

    VALENCIA, Calif.-- Shares of MannKind Corp. fell sharply in after-hours trading Wednesday after the diabetes drug developer said it is planning a public offering of stock and warrants. MannKind said that it intends to sell common shares and warrants to purchase common shares in the underwritten offering.

  • Uruguay takes historic step legalizing abortion Wednesday, 17 Oct 2012 | 6:33 PM ET

    MONTEVIDEO, Uruguay-- Uruguay's Senate voted to legalize first-trimester abortions for all women Wednesday in a groundbreaking measure that came with so many strings attached it left neither side in the bitter debate completely satisfied. That's a big step for Latin America, where only Cuba grants all women the right to abortions.

  • Sallie Mae swings to profit in 3Q as expenses cut Wednesday, 17 Oct 2012 | 6:25 PM ET

    NEWARK, Del.-- Student lender Sallie Mae said Wednesday it swung to a profit in the third quarter after losing money a year earlier, as it reduced operating expenses and set aside less money to cover bad loans. Sallie Mae said it set aside $270 million for troubled loans in the third quarter, or $139 million less than it did a year earlier.

  • News Summary: US home building surges 15 percent Wednesday, 17 Oct 2012 | 6:20 PM ET

    STRONG STARTS: builders started construction on single-family homes and apartments at a seasonally adjusted annual rate of 872,000 in September, up 15 percent from August. NICER NEIGHBORHOOD: The September construction level was the highest since July 2008.

  • Armstrong out as Livestrong head, loses sponsors Wednesday, 17 Oct 2012 | 6:17 PM ET

    Armstrong was dumped by Nike, Anheuser-Busch and other sponsors, and he gave up the top spot at Livestrong, his beloved cancer-fighting charity, a week after an anti-doping agency released evidence of drug use by the seven-time Tour de France winner.

  • Given Imaging considers sale, other alternatives Wednesday, 17 Oct 2012 | 6:15 PM ET

    Given Imaging Ltd.' s shares jumped sharply in after-hours trading Wednesday after the medical equipment company said that it is considering a sale. Given said that Barclays is assisting in its review process and an executive committee will oversee the effort. Given Imaging shares rose $1.73, or 11.3 percent, to $17 in after-hours trading.

  • Noble Corp. 3Q results down 15 percent Wednesday, 17 Oct 2012 | 6:08 PM ET

    Offshore drilling contractor Noble Corp. said Wednesday that its third-quarter net income fell 15 percent because of delays for ships and rigs in the Gulf of Mexico and offshore Brazil. The Zug, Switzerland, company's net income totaled $114.8 million, or 45 cents per share, in the three-month period that ended Sept. 30.

  • Uruguay takes historic step on abortion Wednesday, 17 Oct 2012 | 6:05 PM ET

    MONTEVIDEO, Uruguay-- Uruguay's Senate legalized first-trimester abortions for all women Wednesday in a groundbreaking measure that came with so many strings attached it left neither side in the bitter debate completely satisfied. That's a big step for Latin America, where only Cuba grants all women the right to abortions.

  • Sen. Alexander to receive 'Order of Rising Sun' Wednesday, 17 Oct 2012 | 6:05 PM ET

    Alexander will receive the "Order of the Rising Sun, Gold and Silver Star" Wednesday evening from Motohiko Kato, the consul general of Japan in Nashville. While Alexander was Tennessee governor and economic competition between the U.S. and Japan was tense in the early 1980 s, he led numerous trade missions to Japan.

  • Sen. Mitchell appointment in Calif. blast opposed Wednesday, 17 Oct 2012 | 5:57 PM ET

    Eight people died and 38 homes were destroyed in the gas-fueled inferno that tore through the bedroom community of San Bruno on Sept 9, 2010 after one of PG&E's pipelines ruptured.

  • Clarification: Earns-Johnson & Johnson story Wednesday, 17 Oct 2012 | 5:56 PM ET

    In a story Oct. 16 on Johnson& Johnson's third-quarter results, The Associated Press reported that J&J would take a $340 million charge for ending testing of the intravenous form of Alzheimer's disease drug bapineuzumab and said that J&J's partner, Pfizer Inc., would be taking a similar charge.

  • Intel, Dean Foods, PulteGroup are market movers Wednesday, 17 Oct 2012 | 5:53 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:. Quest Diagnostics Inc., down $3.62 at $59.75. Dean Foods Co., up $1.92 at $16.96.

  • Stryker pares net income guidance for 2012 Wednesday, 17 Oct 2012 | 5:49 PM ET

    KALAMAZOO, Mich.-- Medical device maker Stryker Corp. cut its 2012 net income forecast on Wednesday and issued a disappointing outlook for 2013, pointing to weak sales of equipment and the sluggish economy in Europe. "We expect market conditions to remain challenging in Europe and for capital equipment," President and CEO Kevin Lobo said in a press release.