Latest Business News Wires - Business Headlines


  • 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.

  • 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.

  • 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.

  • GOP-leaning group plans new $11 million ad blitz Tuesday, 16 Oct 2012 | 10:17 AM ET

    NEW YORK-- A Republican-leaning independent group supporting Mitt Romney's presidential bid is spending $11.1 million on new television ads aimed at women. The group planned to air the new ad on national and local cable stations, and in Colorado, Florida, Iowa, Nevada, New Hampshire, North Carolina, Ohio and Virginia.

  • Picasso, Matisse, Monets stolen from Dutch museum Tuesday, 16 Oct 2012 | 10:16 AM ET

    AMSTERDAM-- Seven paintings by artists including Pablo Picasso and Claude Monet were stolen from a museum in Rotterdam in an early-hours heist, Dutch police said Tuesday.

  • FEMA individual aid reaches $105M after Isaac Tuesday, 16 Oct 2012 | 10:15 AM ET

    BATON ROUGE, La.-- Homeowners and renters have been approved for $105 million in individual aid from the Federal Emergency Management Agency since Hurricane Isaac. Another $19 million has been provided for other types of individual assistance, according to FEMA. FEMA spokesman Ray Perez provided the latest figures Monday.

  • Cuba scraps exit visa requirement Tuesday, 16 Oct 2012 | 10:15 AM ET

    A notice published in Communist Party newspaper Granma said Cubans will also not have to present a letter of invitation to travel abroad when the rule change takes effect Jan. 13, and beginning on that date islanders will only have to show their passport and a visa from the country they are traveling to.

  • Iowa harvest nearly complete Tuesday, 16 Oct 2012 | 10:14 AM ET

    DES MOINES, Iowa-- Iowa farmers are close to wrapping up this year's harvest as much needed rain finally fell across most of the state. The U.S. Department of Agriculture says 87 percent of the corn crop has been harvested, which is a month ahead of schedule. Ninety-three percent of the soybean crop is in from the fields, which is three weeks ahead of normal.

  • UN meeting reviews ways to save biodiversity Tuesday, 16 Oct 2012 | 10:14 AM ET

    NEW DELHI-- Delegates from nearly 200 countries were working Tuesday to implement an agreement on protecting Earth's ecosystems at a biodiversity conference in southern India.

  • Elton John remembers Ryan White at his AIDS gala Tuesday, 16 Oct 2012 | 10:13 AM ET

    NEW YORK-- On the red carpet of his annual AIDS foundation benefit Monday night, Sir Elton John remembered AIDS sufferer Ryan White. The 65- year musician said dealing with the teenager's death was a major turning point in his life, which at the time was "out of whack."

  • SD harvest advances with good weather Tuesday, 16 Oct 2012 | 10:13 AM ET

    SIOUX FALLS, S.D.-- South Dakota's row crop harvest advanced substantially again last week, with nearly all the soybeans harvested. The U.S. Agriculture Department says in its weekly crop and weather report that 98 percent of the soybean crop was harvested, up from last year's pace and well ahead of the five-year average.

  • Favorable weather helps ND fieldwork Tuesday, 16 Oct 2012 | 10:12 AM ET

    FARGO, N.D.-- Good weather helped North Dakota farmers make progress last week in harvesting corn, soybeans and sugar beets. The U.S. Agriculture Department says in its weekly crop, livestock and weather report that the soybean harvest was nearly complete.

  • Chinese warships cross waters near Japan island Tuesday, 16 Oct 2012 | 10:10 AM ET

    The Chinese ships were sighted about 49 kilometers from the island of Yonaguni, in Japan's Okinawa prefecture, according to Japan's Defense Ministry. They were about 200 kilometers from a chain of small islands that have sparked a heated dispute between Japan and China. Defense Minister Satoshi Morimoto said Japan is monitoring the ships' movement.

  • Justin Bieber turns style icon for Adidas NEO Tuesday, 16 Oct 2012 | 10:06 AM ET

    LONDON-- Teen superstar Justin Bieber has teamed up with the Adidas NEO Label to be its new global style icon. The Canadian pop star, who cites James Dean as his fashion idol, says the collaboration is a "perfect fit" because "we both believe in living life to the fullest, being young, free and making our own style."

  • MN sugarbeet harvest advances as corn nears finale Tuesday, 16 Oct 2012 | 10:05 AM ET

    ST. PAUL, Minn.-- Minnesota's sugarbeet harvest is progressing quickly while the state's corn harvest is nearly complete. Minnesota's corn is 90 percent harvested, compared with 40 percent last year and a 27 percent average. Precipitation ranged from none in central areas to nearly 1.5 inches in Preston in southeastern Minnesota.

  • S&P to review utilities in NY, Maine for downgrade Tuesday, 16 Oct 2012 | 10:05 AM ET

    The rating agency will review Iberdrola's rating for a downgrade because the company gets almost half its revenue from Spain, which is in recession. Worsening conditions there could hurt Iberdrola's profitability. Iberdrola owns New York utilities Rochester Gas& Electric and New York State Electric and Gas as well as Central Maine Power.