Latest Business News Wires - Business Headlines


  • Hollande to meet with Monti, Rajoy in Malta Thursday, 4 Oct 2012 | 5:03 AM ET

    ROME-- Officials say the leaders of France, Italy and Spain will hold a meeting in Malta that is likely to be dominated by economic issues related to Europe's debt crisis.

  • Evraz to gain control in a major Russian coal mine Thursday, 4 Oct 2012 | 4:57 AM ET

    MOSCOW-- Steelmaker Evraz is to gain control of one of Russia's largest coal mines after acquiring a half stake in Cyprus- based investment vehicle Corber Enterprises for an undisclosed sum.

  • Labor clashes at Greek Defense Ministry Thursday, 4 Oct 2012 | 4:45 AM ET

    ATHENS, Greece-- Greek police clashed with scores of protesting shipyard workers Thursday after they forced their way into the grounds of Greece's Defense Ministry in Athens. Michalis Kostarakos told the protesters, arguing the military had no part in the shipyard workers' dispute with the government.

  • Overdue credit-cards hit 11-year low in Q2 Thursday, 4 Oct 2012 | 4:01 AM ET

    WASHINGTON-- A report is showing that more Americans are keeping up with their credit-card payments. The American Bankers Association says the percentage of bank-issued credit cards that were 30 days or more overdue fell to an 11- year low in the second quarter. That came as consumers keep a tighter grip on their finances amid economic uncertainty.

  • EADS CEO: equal rights for Germany, France, UK Thursday, 4 Oct 2012 | 3:12 AM ET

    BERLIN-- The chief executive of EADS says Germany, France and Britain are being offered equal rights and a right to veto hostile takeovers in the company that would emerge from a proposed merger with BAE Systems PLC. EADS NV's Tom Enders is working hard to drum up support for a merger of the aeronautics and defense companies but the deal faces potential roadblocks.

  • Drought crushes local beef industry in Hawaii Thursday, 4 Oct 2012 | 3:09 AM ET

    At the same time, Hawaii cattle ranchers ship 40,000 live cattle each year to California, Kansas and other states, while just 4,000 are slaughtered for meat sales in Hawaii.

  • Oil up slightly after positive US economic reports Thursday, 4 Oct 2012 | 1:34 AM ET

    Rising tensions between Syria and Turkey also contributed to higher prices, the geopolitical risk highlighting concerns about Middle East oil supplies. By early afternoon in Europe, benchmark oil for November delivery was up 62 cents to $88.76 a barrel in electronic trading on the New York Mercantile Exchange.

  • Brazilian keeps Olympic power despite criticism Thursday, 4 Oct 2012 | 12:58 AM ET

    SAO PAULO-- The man who has headed the Olympic movement in Brazil for decades and helped bring the 2016 Games to Rio de Janeiro will extend his rule despite increased criticism and accusations of wrongdoing.

  • Arkansas coach Smith now lists $40.7M in debt Thursday, 4 Oct 2012 | 12:57 AM ET

    LITTLE ROCK, Ark.-- Arkansas coach John L. Smith has amended his bankruptcy filing, listing $40.7 million in debts _ up from $25.7 million just last month. The filing in U.S. Bankruptcy Court in Little Rock on Wednesday shows Smith has $1.3 million in assets.

  • *ABBA's Agnetha Faltskog prepares comeback Thursday, 4 Oct 2012 | 12:56 AM ET
  • ND trade delegation heading to Colombia next week Thursday, 4 Oct 2012 | 12:49 AM ET

    FARGO, N.D.-- Representatives of six North Dakota companies are going on a trade mission to the South American nation of Colombia next week. It is the first North Dakota trade mission to Colombia in four years.

  • News Summary: US unemployment claims edge up Thursday, 4 Oct 2012 | 12:48 AM ET

    APPLICATIONS RISE: The number of Americans seeking unemployment benefits rose last week to a seasonally adjusted 367,000. The four-week average, a less volatile measure, was unchanged at 375,000.. CONTEXT: When applications consistently fall below 375,000, it typically indicates that hiring is strong enough to lower the unemployment rate.

  • Ind. gov touts funding for teacher, judge pensions Thursday, 4 Oct 2012 | 12:48 AM ET

    Mitch Daniels is touting investments in Indiana's public employee pension funds during his last few months in office. Daniels said Thursday that $207 million will be invested in teacher pensions, along with $90 million toward judges' pensions and $32 million for police pensions.

  • Taiwan may not sustain popular health insurance Thursday, 4 Oct 2012 | 12:35 AM ET

    Taiwan's 23 million people pay minimal monthly premiums and receive largely free medical care for ailments ranging from the common cold to complex diseases. Hsueh says cutting-edge medical treatments have worsened the shortfalls and said Taiwan's elderly population grew 30 percent in the past decade and their health outlays shot up 90 percent.

  • Report: SC wind energy could mean $2 b in pay Thursday, 4 Oct 2012 | 12:30 AM ET

    CHARLESTON, S.C.-- A new study concludes that a wind farm off the South Carolina coast could mean billions of dollars in wages and thousands of jobs. The study released Wednesday was compiled by Clemson's Restoration Institute and its Strom Thurmond Institute of Government and Public Affairs for the state Energy Office.

  • Wal-Mart sued in Fla. by workers over gender bias Thursday, 4 Oct 2012 | 12:30 AM ET

    MIAMI-- Three female Wal-Mart Stores Inc. employees have filed a lawsuit in South Florida claiming the retail giant discriminates against women in areas such as wages and promotion opportunities.

  • Too late for NY prosecution in securities meltdown Thursday, 4 Oct 2012 | 12:22 AM ET

    ALBANY, N.Y.-- While New York Attorney General Eric Schneiderman alleges massive fraud in mortgage-backed securities in a lawsuit filed this week, he's not criminally prosecuting anyone. The civil suit claims misconduct by Bear Stearns& Co. in 2006-2007 cost investors $22.5 billion in losses and left them holding an additional $30 billion in bad loans.

  • Dow Jones average climbs after jobs report Thursday, 4 Oct 2012 | 12:22 AM ET

    NEW YORK-- An encouraging report on the labor market and better sales from Costco and other retail stores helped push the stock market higher Thursday. Aluminum giant Alcoa led the 30 stocks in the Dow with a 3.3 percent surge, rising 29 cents to $9.07.

  • Rush, Public Enemy among Rock Hall of Fame noms Thursday, 4 Oct 2012 | 12:20 AM ET

    They join returnees Heart, Joan Jett and the Blackhearts, Randy Newman, Donna Summer and Kraftwerk among the 15 artists vying for entry.

  • ZaZa Energy in talks to sell French assets Thursday, 4 Oct 2012 | 12:19 AM ET

    HOUSTON-- Exploration and development company ZaZa Energy Corp. said Thursday it may sell its French assets. ZaZa Energy said it makes no assurances that the sale will be completed. Its shares lost 5 cents to $2.70 in midday trading after dropping as low as $2.65 earlier in the session, their lowest level since August 2011.