GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Oil fluctuates after US jobs report Friday, 5 Oct 2012 | 8:56 AM ET

    The Labor Department said employers added 114,000 jobs in August. Benchmark oil is now down 44 cents to $91.27 per barrel in electronic trading in New York. A four percent jump on Thursday followed a 4 percent decline on Wednesday as traders assess the strength of global oil demand while watching development surrounding Syria in the Middle East.

  • US stock futures rise as jobs report shows gains Friday, 5 Oct 2012 | 8:45 AM ET

    NEW YORK-- U.S. stock futures are rising after a government report showed the U.S. unemployment rate fell below 8 percent for the first time in four years and the economy gained 114,000 jobs in September. The Labor Department said the unemployment rate declined to 7.8 percent, matching its level in January 2009 when President Barack Obama took office.

  • Poland's health care marches for job security Friday, 5 Oct 2012 | 8:40 AM ET

    WARSAW, Poland-- Thousands of health care workers are marching in Warsaw to demand higher pay and protest government plans to privatize parts of the health care system. Nurses from Belgium, France, Greece and other European Union nations also joined the Friday rally.

  • US jobless rate falls to 7.8 pct., 44-month low Friday, 5 Oct 2012 | 8:30 AM ET

    WASHINGTON-- The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away. The Labor Department said employers added 114,000 jobs in September.

  • Wet Seal chairman, 3 board members step down Friday, 5 Oct 2012 | 8:29 AM ET

    FOOTHILL RANCH, Calif.-- In a win for The Clinton Group, the chairman of Wet Seal and three other directors have stepped down from its board, replaced by four nominees of the activist investor group unhappy with the struggling teen retailer's performance. Wet Seal Inc., based in Foothill Ranch, Calif., and The Clinton Group have been in a proxy fight.

  • *Curtiss-Wright cuts 3Q, full-year profit forecasts Friday, 5 Oct 2012 | 8:22 AM ET
  • Mitsubishi Motors, Mazda report China sales plunge Friday, 5 Oct 2012 | 7:33 AM ET

    TOKYO-- Mitsubishi Motor and Mazda have reported a plunge in China auto sales for September when tensions between Japan and China escalated into anti-Japanese riots. Mitsubishi Motors Corp. said Friday its China sales dived 63 percent to 2,340 vehicles in September from 6,307 a year earlier.

  • Stock futures up a bit as market awaits job report Friday, 5 Oct 2012 | 7:20 AM ET

    NEW YORK-- U.S. stock futures are rising modestly ahead of key U.S. jobs figures that will provide insight into the world's largest economy with just over a month to go before the U.S. presidential election. Dow futures are up 20 points to 13,518. The broader S&P 500 futures are up 2 points to 1,457. Nasdaq futures are up 6 points to 2,828..

  • Lionsgate promotes Goldsmith to co-COO Friday, 5 Oct 2012 | 7:03 AM ET

    SANTA MONICA, Calif.-- Lionsgate has promoted Brian Goldsmith to co-chief operating officer. He will serve as co-COO with Steve Beeks and will report to CEO Jon Feltheimer. Lions Gate Entertainment Corp. has headquarters in Santa Monica, California, but is based in Vancouver, British Columbia.

  • Ahead of the Bell: Zynga Friday, 5 Oct 2012 | 6:50 AM ET

    NEW YORK-- Shares of Zynga tumbled in premarket trading on Friday as the online game maker said that it expects a third-quarter loss due to weak demand for some of its titles. Zynga Inc. anticipates a third-quarter loss of 12 to 14 cents per share. Brian Pitz of Jefferies lowered Zynga's price target to $2.50 from $3 and maintained a "Hold" rating.

  • Olive Garden revamps for the modern family Friday, 5 Oct 2012 | 6:40 AM ET

    NEW YORK-- Olive Garden is tossing out its famous "When You're Here, You're Family" slogan to cater to a more modern lifestyle. It was a very stereotypical Italian family dinner, "said Jay Spenchian, executive vice president of marketing at Olive Garden.

  • German orders down 1.3 percent in August Friday, 5 Oct 2012 | 6:04 AM ET

    BERLIN-- Government data show that industrial orders in Germany, Europe's biggest economy, were down 1.3 percent in August compared with the previous month _ a decline led by slacker demand at home. The Economy Ministry said Friday that the drop followed a slight 0.3 percent gain in July.

  • Markets await key US jobs figures Friday, 5 Oct 2012 | 5:51 AM ET

    In Europe, the FTSE 100 index of leading British shares was up 0.3 percent at 5,846 while Germany's DAX rose 0.5 percent to 7,342. The CAC-40 in France was 0.7 percent higher at 3,427.. The price of oil was steady after advancing in the wake of concerns of rising tensions between Turkey and Syria _ the benchmark New York rate was 74 cents lower at $90.95 a barrel.

  • Germany's Merkel to visit Greece next week Friday, 5 Oct 2012 | 5:41 AM ET

    BERLIN-- German Chancellor Angela Merkel will travel to Greece next week for the first time since the debt crisis erupted to meet the country's prime minister _ who warned Friday that Athens will run out of money at the end of November if it doesn't receive the next part of its bailout loans.

  • SAfrica: Body of striking platinum miner found Friday, 5 Oct 2012 | 5:11 AM ET

    JOHANNESBURG-- A strike leader says the body of a mineworker was found near an Anglo American Platinum mine in Rustenburg. Mary Jane Morifi, a spokeswoman for Anglo American Platinum, the world's top producer or platinum, declined to comment, saying a statement would be issued later Friday.

  • World stocks higher ahead of US jobs report Friday, 5 Oct 2012 | 4:52 AM ET

    BANGKOK-- Better-than-expected U.S. economic data helped boost stock markets Friday ahead of a monthly report on employment in the world's top economy. Government figures showing the number of Americans seeking unemployment benefits for the first time rose to 367,000 last week.

  • Romney's Medicare plan raises cost questions Friday, 5 Oct 2012 | 4:16 AM ET

    WASHINGTON-- Mitt Romney's Medicare plan won't try to control costs by limiting the payments that future retirees would use to buy private health insurance, aides say. Reining in costs is vital to keeping Medicare affordable, and in their plans both President Barack Obama and Romney's running mate, Paul Ryan, set limits on the growth of future spending.

  • Greek PM says country's till will empty by end-Nov Friday, 5 Oct 2012 | 3:47 AM ET

    BERLIN-- Greece will run out of money at the end of November if it doesn't receive the next planned installment of its bailout loans, the country's prime minister has said. Greece has relied on bailouts from increasingly impatient international creditors since May 2010.

  • In wake of debate, weak job numbers expected Friday, 5 Oct 2012 | 3:28 AM ET

    WASHINGTON-- With President Barack Obama knocked off stride and the election looming, the government is issuing new unemployment data likely to underscore the slow economic recovery and ensure that jobs remain the top issue of the presidential campaign.

  • US unemployment rate likely rose on weak hiring Friday, 5 Oct 2012 | 3:01 AM ET

    WASHINGTON-- With a month to go until the presidential election, the government on Friday issues its September jobs report, expected to show an uptick in the U.S. unemployment rate after employers added only a modest number of jobs. The Labor Department issues the jobs report at 8:30 a.m. EDT.