Latest Business News Wires - Business Headlines


  • Republican groups turning focus to House races Friday, 12 Oct 2012 | 8:20 AM ET

    Outside groups have spent about $60 million trying to help GOP candidates since June 1 and about $49 million trying to help out Democratic candidates, according the Sunlight Foundation.

  • Violent street gang: US targets finances of MS-13 Friday, 12 Oct 2012 | 8:19 AM ET

    The Treasury Department formally designated MS-13, or Mara Salvatrucha, a transnational criminal organization.

  • Mont. Indians sue over lack of election services Friday, 12 Oct 2012 | 8:18 AM ET

    HELENA, Mont.-- Fifteen Native Americans are suing state and county officials over a lack of election services on three Montana reservations, saying their inability to vote early or register late there is an unconstitutional denial of equal voting access.

  • Akin ad hits McCaskill for federal subsidies Friday, 12 Oct 2012 | 8:18 AM ET

    SPRINGFIELD, Mo.-- Republican Senate challenger Todd Akin launched a TV ad Thursday claiming the family of Democratic Missouri Sen. It cites an Associated Press report from earlier this week that businesses affiliated with McCaskill's husband had received almost $40 million of federal housing subsidies during her first five years in office.

  • *Texas authorities: Drugs, gun found on Nelly's bus Friday, 12 Oct 2012 | 8:17 AM ET
  • *Sandusky will get to keep $900K in pension money Friday, 12 Oct 2012 | 8:16 AM ET
  • Brown's Calif. tax initiative hit from both sides Friday, 12 Oct 2012 | 8:15 AM ET

    SACRAMENTO, Calif.-- After returning to the governor's office, Jerry Brown criticized a political culture he said lacked a common purpose and warned of a "war of all against all" unless the sniping camps learned to compromise and fix California's persistent budget problems.

  • Coca-Cola's 3Q should show shifting trends Friday, 12 Oct 2012 | 8:15 AM ET

    NEW YORK-- The Coca-Cola Co. should give investors a snapshot of the ever-shifting geographic and product mixes that are fueling growth for the world's biggest beverage maker when it reports its third quarter results Tuesday. WHY IT MATTERS: Coca-Cola sells its products in nearly every corner of the globe _ Cuba and North Korea are the exceptions.

  • Ahead of the Bell: Analyst rates Wal-Mart 'buy' Friday, 12 Oct 2012 | 7:52 AM ET

    Wal-Mart's turnaround effort is gaining firmer footing, and more improvement is expected as international operations improve and growth accelerates for smaller-format stores, according to Jefferies Equity Research, which boosted its rating on the world's largest retailer.

  • Ecolab buying Champion Technologies in $2.2B deal Friday, 12 Oct 2012 | 7:46 AM ET

    ST. PAUL, Minn.-- Ecolab, the cleaning, food safety and pest-control services company, is buying the specialty chemical company Champion Technologies in a cash-and-stock deal valued at about $2.2 billion.

  • JP Morgan earnings fail to lift markets Friday, 12 Oct 2012 | 7:44 AM ET

    LONDON-- Upbeat earnings from JP Morgan Chase& Co. did little to lift the mood in markets Friday as stocks continued to shed some of the gains made the previous day, when U.S. jobs figures came in stronger than expected.

  • Austerity cutbacks hit Spain's national day parade Friday, 12 Oct 2012 | 7:23 AM ET

    MADRID-- Spain observed its National Day festivities in somber mood on Friday as the traditional military pageant was scaled back to cut costs. Spain is under pressure to fix its finances as it struggles through a recession.

  • IBM's 3Q earnings likely to extend growth streak Friday, 12 Oct 2012 | 7:23 AM ET

    SAN FRANCISCO-- IBM Corp.' s third-quarter results are expected to extend the technology company's nearly decade-long streak of earnings growth. That provides IBM with some insulation from the economic uncertainty that has made it tougher for other technology companies to close deals, particularly in Europe and in China, in recent months.

  • Forest Oil selling South Louisiana properties Friday, 12 Oct 2012 | 7:16 AM ET

    DENVER-- Forest Oil is selling all of its South Louisiana properties for about $220 million as part of its plan to shed some non-core assets. Forest Oil Corp. previously announced that it is selling its East Texas natural gas gathering assets for $34 million. The Eagle Ford shale formation stretches from the western Texas- Mexico border to Louisiana.

  • JPMorgan turns in record profit, higher revenue Friday, 12 Oct 2012 | 7:10 AM ET

    NEW YORK-- JPMorgan Chase, the country's biggest bank, reported a record quarterly profit Friday, helped by a surge in mortgage refinancing. It worked out to $1.40 per share, blowing away the $1.21 predicted by analysts polled by FactSet, a provider of financial data. Revenue rose 6 percent to $25.9 billion, beating expectations of $24.4 billion.

  • Ahead of the Bell: Sears completes spinoff Friday, 12 Oct 2012 | 7:00 AM ET

    HOFFMAN ESTATES, Ill.-- Sears Holdings has completed the spinoff of its Hometown and Outlet stores. Sears Holdings Corp. received $446.5 million in gross proceeds. Sears Holdings, which also runs Kmart, said Thursday that Sears Hometown is expected to start trading on the Nasdaq on Friday under the "SHOS" ticker symbol.

  • Japan utility agrees nuclear crisis was avoidable Friday, 12 Oct 2012 | 6:44 AM ET

    TOKYO-- The utility behind Japan's nuclear disaster acknowledged for the first time Friday that it could have avoided the crisis.

  • $165 mln pledge for fund backing Arab democracies Friday, 12 Oct 2012 | 6:44 AM ET

    The U.S. has pledged $50 million, Britain $25 million, Saudi Arabia $25 million and Japan and France $12 million each. The group also announced that Yemen was joining the Arab Spring countries participating in the Deauville Partnership, which also include Egypt, Tunisia, Jordan, Morocco and Libya.

  • Ahead of the Bell: US budget deficit Friday, 12 Oct 2012 | 6:40 AM ET

    WASHINGTON-- The end of the 2012 federal budget year is expected to produce the fourth straight annual deficit above $1 trillion. The Congressional Budget Office has estimated that the deficit totaled $1.1 trillion for the 12 months that ended Sept. 30.

  • J&J 3Q report to focus on pharmaceutical business Friday, 12 Oct 2012 | 6:39 AM ET

    TRENTON, N.J.-- Johnson& Johnson will likely discuss the health of its prescription-drug business and progress on its manufacturing problems when it reports third-quarter results before the stock market opens Tuesday.