GO
Loading...

Latest Business News Wires - Business Headlines

More

  • News Summary: Kingfisher halts more flights Friday, 5 Oct 2012 | 12:34 AM ET

    GROUNDED: India's Kingfisher Airlines has extended its shutdown and won't fly any planes for another week unless it can convince pilots and engineers who haven't been paid for months to return to work.

  • Jobs report gives Obama much-needed boost Friday, 5 Oct 2012 | 12:29 AM ET

    FAIRFAX, Va.-- President Barack Obama celebrated much-needed good economic news Friday as the unemployment rate dropped to its lowest level since he took office. " Republican rival Mitt Romney retorted the president still hasn't done enough to help millions of people who are out of work.

  • *Nigeria jails anti-graft officers for bribe-taking Friday, 5 Oct 2012 | 12:27 AM ET
  • Chinese artist Ai Weiwei gets Smithsonian showcase Friday, 5 Oct 2012 | 12:26 AM ET

    WASHINGTON-- Chinese artist Ai Weiwei, who helped design Beijing's Olympic Stadium and has since drawn tough scrutiny for his political activism, is opening the first North American retrospective exhibition of his work in Washington.

  • India's Kingfisher halts flights for another week Friday, 5 Oct 2012 | 12:26 AM ET

    MUMBAI, India-- India's Kingfisher Airlines has extended its shut-down and won't fly any planes for another week, unless it can convince pilots and engineers who haven't been paid for months to return to work. India's airline regulator is worried about safety standards because engineers are on strike and can't certify that the planes are safe to fly.

  • Study finds rise in gay characters on network TV Friday, 5 Oct 2012 | 12:25 AM ET

    ABC has the highest amount, with 10 out of 194, or 5.2 percent, of their regular characters identified as LGBT. CBS was saluted as much improved, with four out of 142 LGBT series regulars, or 2.8 percent, up from 0.7 percent last year.

  • Gordon's sponsor signs 1-year contract extension Friday, 5 Oct 2012 | 12:20 AM ET

    TALLADEGA, Ala.-- Jeff Gordon and Hendrick Motorsports announced a contract extension Thursday through 2014 with sponsor AARP and AARP Foundation. Gordo, a four-time NASCAR champion, has helped deliver food to food banks and actively supported the cause since partnering with the campaign.

  • Astros let radio broadcast team go Friday, 5 Oct 2012 | 12:18 AM ET

    HOUSTON-- The Houston Astros say they'll have a new radio broadcast team next season. In a statement issued Thursday, the Astros say they've begun a search for a successor to veteran broadcaster Milo Hamilton, who announced that 2012 would be his last season as lead play-by-play announcer.

  • CBS Sports Network releases schedule Friday, 5 Oct 2012 | 12:17 AM ET

    NEW YORK-- Teams from 16 conferences in 172 games are on CBS Sports Network's schedule for 2012-13.. The first games shown will be from the Paradise Jam in St. Thomas, Virgin Islands with Connecticut, and first-year coach Kevin Ollie, facing Wake Forest and UIC against New Mexico.

  • Cache tumbles on weak 3rd-quarter outlook Friday, 5 Oct 2012 | 12:16 AM ET

    NEW YORK-- Shares of Cache Inc. sank Friday after the women's clothing retailer announced disappointing preliminary results for the third quarter. Cache said it will lose 39 to 41 cents per share for the quarter ended Sept. 29, and its revenue will be down about 6 percent, to $45.8 million.

  • Maryland's Perryville casino revenue down Friday, 5 Oct 2012 | 12:16 AM ET

    BALTIMORE-- Maryland lottery officials say revenue at the Hollywood Casino in Perryville dropped more than a third in September compared to the year before. The Maryland Lottery announced the figures Friday, saying the Perryville casino took in $3.3 million less last month than last September with revenue dropping to $5.9 million.

  • Analyst lifts Owens-Illinois rating, price target Friday, 5 Oct 2012 | 12:09 AM ET

    NEW YORK-- Shares of Owens-Illinois gained 5 percent on Friday as a Goldman Sachs analyst boosted the glass container company's rating and price target, citing a recent change to its capital allocation strategy. THE SPARK: Alex Ovshey raised Owens-Illinois Inc. to "Buy" from "Neutral" and increased its 12- month price target to $28 from $20.

  • Brazil's Olympic chief keeps power despite critics Friday, 5 Oct 2012 | 12:08 AM ET

    SAO PAULO-- The man who has headed the Olympic movement in Brazil for decades and helped bring the Summer Games to Rio de Janeiro is set to extend his rule amid increased criticism and accusations of wrongdoing.

  • Busch apologizes for rant against Toyota Friday, 5 Oct 2012 | 12:07 AM ET

    TALLADEGA, Ala.-- Kyle Busch apologized Thursday to manufacturer Toyota Motor Corp. for his profanity-laced rant about the fuel mileage at Dover. Busch unleashed a string of profanities directed at Toyota on his in-car radio, and did not do media interviews after the race.

  • Peyton Manning's wife joining Grizzlies' group Friday, 5 Oct 2012 | 12:05 AM ET

    Manning and Hardaway join a minority group that includes singer and actor Justin Timberlake and a couple of Memphis businessmen, the person told The Associated Press on Thursday on condition of anonymity because Pera's purchase of the Grizzlies is pending approval by the NBA.

  • Clearwater Paper names Massman as new CEO Friday, 5 Oct 2012 | 12:01 AM ET

    SPOKANE, Wash.-- Clearwater Paper Corp. said Friday that it has named Linda Massman as its next CEO. The company also said Friday that its vice chairman and lead director of the board, Boh Dickey, will take over as chairman of the board beginning Jan. 1. Clearwater Paper, based in Spokane, Wash., makes tissue, paperboard and pulp.

  • Asia stocks higher after US data beats consensus Thursday, 4 Oct 2012 | 10:32 PM ET

    South Korea's Kospi added 0.3 percent to 1,997.84 and Hong Kong's Hang Seng added 0.2 percent to 20,958.21. Benchmarks in Taiwan and New Zealand also rose. Later in the day, the Bank of Japan will announce the outcome of its two-day policy meeting.

  • Tax group sues to block Calif. firefighting fee Thursday, 4 Oct 2012 | 9:41 PM ET

    The lawsuit, filed in Sacramento County Superior Court, claims that the $150 annual fee being assessed on 825,000 rural properties is actually an illegal tax that required a two-thirds vote of the Legislature rather than the simple majority vote it received in 2011. Targeted property owners began receiving the tax bills in August.

  • Jay-Z to stream concert on his new YouTube channel Thursday, 4 Oct 2012 | 9:31 PM ET

    NEW YORK-- Jay-Z is live-streaming the last of his eight concerts at New York City's Barclays Center for the launch of his new YouTube channel. The rapper announced Thursday his performance at the new Brooklyn sports arena will be live-streamed on Saturday at 9:30 p.m. Eastern time.

  • Correction: Bond at 50-Franchise story Thursday, 4 Oct 2012 | 8:24 PM ET

    LOS ANGELES-- In an Oct. 3 story about the James Bond franchise, The Associated Press erroneously reported that all of MGM's owners booked a loss on $5 billion in loans to the studio backing the franchise. In fact, whether the owners gain or lose in the deal will depend on how much they can reap from their ownership stakes and for how much they obtain the bonds.