Latest Business News Wires - Business Headlines


  • NRC signs deal to work with Prairie Island tribe Tuesday, 16 Oct 2012 | 10:53 AM ET

    RED WING, Minn.-- The Nuclear Regulatory Commission and Prairie Island Indian Community have agreed to cooperate on some issues as the agency considers the fate of spent nuclear fuel at Xcel Energy Inc.' s nuclear plant in Red Wing.

  • Putin: Russia must make 2014 Sochi Olympics safe Tuesday, 16 Oct 2012 | 10:53 AM ET

    MOSCOW-- President Vladimir Putin has urged Russia's intelligence agencies, police and military to clamp down on terrorism to prevent violence at the 2014 Winter Games in Sochi and other international events in Russia.

  • *Boston mayor seeks $15M for lab scandal fallout Tuesday, 16 Oct 2012 | 10:52 AM ET
  • New Nigeria museum fetes late Afrobeat singer Fela Tuesday, 16 Oct 2012 | 10:51 AM ET

    LAGOS, Nigeria-- "FELA LIVES," reads the Gothic-lettered tattoo on the back of one of the sons of the legendary Afrobeat singer from Nigeria. Fela Anikulapo-Kuti died 15 years ago but his name seems to be mentioned more now than ever.

  • Xcel Energy saying no to banners on power poles Tuesday, 16 Oct 2012 | 10:51 AM ET

    DENVER-- Xcel Energy Inc. is telling dozens of Colorado cities and towns that starting Jan. 1, they won't be allowed to hang decorative banners, flags or decorations on its power poles any longer.

  • Alternative fuels event in Nashville on Thursday Tuesday, 16 Oct 2012 | 10:50 AM ET

    NASHVILLE, Tenn.-- Alternative Fuel Vehicles will be shown off in Nashville and a speaker will talk about the global oil supply. The event _ part of National Alternative Fuel Vehicle Day Odyssey _ will take place Thursday at Lincoln College of Technology, formerly Nashville Auto Diesel College.

  • $3.4M to network NY's Hudson Valley farmers Tuesday, 16 Oct 2012 | 10:49 AM ET

    Charles Schumer says $3.4 million in federal money has been set aside for an organization to help farmers in New York's Hudson Valley recovering from last year's tropical storms bolster their businesses and tap new markets.

  • Firm with ties to Flynt to buy New Frontier Media Tuesday, 16 Oct 2012 | 10:42 AM ET

    BOULDER, Colo.-- An affiliate of a company founded by Hustler magazine publisher Larry Flynt is acquiring New Frontier Media Inc. for about $33 million cash. Boulder, Colo.- based New Frontier says LFP Broadcasting LLC has agreed to pay $2.02 per share, plus up to 6 cents more per share if New Frontier maintains a cash balance above about $11.5 million.

  • LaHood: Detroit area must 'get its act together' Tuesday, 16 Oct 2012 | 10:40 AM ET

    Transportation Secretary Ray LaHood says he's ready to start funding a light rail passenger line and fast bus lines in the Detroit area if state and regional officials can finally work together on ending the metro area's status as the nation's largest without mass transit.

  • Mexican president signs money-laundering law Tuesday, 16 Oct 2012 | 10:33 AM ET

    MEXICO CITY-- Mexican President Felipe Calderon has signed into law a ban on large cash transactions as part of an effort to fight money laundering that experts estimate may amount to around $10 billion per year in Mexico. The bill forbids buyers and sellers from giving or accepting cash payments of more than a half million pesos for real-estate purchases.

  • Hilary Mantel favorite to take Booker novel prize Tuesday, 16 Oct 2012 | 10:23 AM ET

    LONDON-- Judges are choosing the winner of Britain's most prestigious literary trophy from a shortlist that includes novels set in the court of King Henry VIII and the opium dens of Mumbai. Mantel would be the first British author to win the Booker twice, joining double winners Peter Carey of Australia and J.M. Coetzee of South Africa.

  • ND airline boardings up about 20 percent Tuesday, 16 Oct 2012 | 10:22 AM ET

    BKSMARCK, N.D.-- Officials say airline boardings at North Dakota's commercial airports are up nearly 20 percent from last year. North Dakota Aeronautics Director Larry Taborsky says year-to-date passenger numbers show five of the eight commercial service airports in the state are continuing on a record-breaking pace.

  • Nebraska corn, soybeans still ahead of schedule Tuesday, 16 Oct 2012 | 10:21 AM ET

    LINCOLN, Neb.-- Nebraska's corn and soybean harvests are still ahead of schedule, but winter wheat growth has fallen behind. The U.S. Department of Agriculture said in its weekly crop report Monday that the statewide corn harvest is 80 percent complete, one month ahead of average. The soybean harvest was nearly 86 percent complete, about three weeks ahead of average.

  • Mattel 3Q results beat expectations Tuesday, 16 Oct 2012 | 10:20 AM ET

    NEW YORK-- Mattel says that cost cuts and higher revenue from toys including Monster High dolls and Fisher-Price helped send net income up 22 percent in the third quarter, providing a bit of early holiday cheer for the largest U.S. toy maker.

  • RI Foundation to invest $1M to boost economy Tuesday, 16 Oct 2012 | 10:20 AM ET

    PROVIDENCE, R.I.-- The Rhode Island Foundation plans to spend $1 million on economic development initiatives brainstormed during a summit last month on ways to fix the state's struggling economy.

  • NJ voters may be asked to decide minimum wage hike Tuesday, 16 Oct 2012 | 10:19 AM ET

    TRENTON, N.J.-- A New Jersey Senate panel narrowly passed a resolution Monday that would ask voters to approve a minimum wage increase next year along with automatic yearly adjustments.

  • Marijuana backers courting conservatives Tuesday, 16 Oct 2012 | 10:19 AM ET

    DENVER-- It's not all hippies backing November's marijuana legalization votes in Colorado, Oregon and Washington.

  • *Ukrainian journalist kidnapped in Syria Tuesday, 16 Oct 2012 | 10:18 AM ET
  • Murphy to split off its retail division Tuesday, 16 Oct 2012 | 10:18 AM ET

    EL DORADO, Ark.-- Murphy Oil is splitting in two in order to better focus on the separate tasks of exploration and production, and the sale of gasoline and other goods through its retail locations. Murphy Oil will continue to explore for and produce oil in the U.S., Canada and Malaysia.

  • Wis. gov touts deposit into state's rainy day fund Tuesday, 16 Oct 2012 | 10:17 AM ET

    Scott Walker is touting the deposit of nearly $109 million into the state's rainy day fund, money that can be tapped in an emergency. The deposit announced Monday comes after the state ended the last fiscal year in June with a surplus of about $342 million.