Latest Business News Wires - Business Headlines


  • Neutral Tandem shares drop after downgrade Friday, 5 Oct 2012 | 3:18 PM ET

    NEW YORK-- Shares of data services company Neutral Tandem Inc. dropped sharply to a new low Friday as R.W. Baird analysts downgraded the company's rating, saying its financial performance has weakened more than expected.

  • US consumer credit up $18.1 billion in August Friday, 5 Oct 2012 | 3:05 PM ET

    WASHINGTON-- Americans boosted their borrowing in August by the largest amount in three months with strong gains in the category that covers auto and student loans and in credit card debt. The August borrowing gains reflected a $4.2 billion increase in borrowing on credit cards and a $13.9 billion increase in auto and student loans.

  • 25 Ark. hospitals awarded in Medicaid program Friday, 5 Oct 2012 | 3:04 PM ET

    LITTLE ROCK, Ark.-- The Arkansas Department of Human Services says 25 hospitals have received $4.1 million in bonus payments for improving the quality of care that patients receive. Arkansas Medicaid handed out the awards to hospitals as part of its pay-for-performance Inpatient Quality Incentive program.

  • *Court to weigh if payment needed for permit denial Friday, 5 Oct 2012 | 3:00 PM ET
  • Giants, 49ers, yachts, fests: SF braces for crowds Friday, 5 Oct 2012 | 2:59 PM ET

    SAN FRANCISCO-- An unusual convergence of sporting and entertainment events in San Francisco this weekend promises to bring up to a million extra people into the densely populated bayside city.

  • Ruling upholding Kan. cap on damages called unjust Friday, 5 Oct 2012 | 2:59 PM ET

    TOPEKA, Kan.-- An attorney for a Kansas woman who challenged a limit on damages for pain and suffering in lawsuits says a state Supreme Court ruling against his client is unjust. Kansas law limits damages for non-economic losses such as pain and suffering to $250,000 in personal injury lawsuits.

  • Job trends key to presidents seeking re-election Friday, 5 Oct 2012 | 2:52 PM ET
  • US probes Honda Pilots, Odysseys that roll away Friday, 5 Oct 2012 | 2:51 PM ET

    DETROIT-- U.S. safety regulators are investigating complaints that Honda Odyssey minivans and Pilot SUVs can roll away after drivers remove the ignition key. The probe by the National Highway Traffic Safety Administration affects more than 577,000 older-model vehicles, which were big sellers with families because of their space and reputation for quality.

  • Informatica edges higher following Thursday plunge Friday, 5 Oct 2012 | 2:48 PM ET

    NEW YORK-- Shares of business software maker Informatica Corp. made a small rebound Friday after losing more than 20 percent of their value a day earlier following the company's disappointing third-quarter forecast. THE SPARK: On Thursday, Informatica forecast a smaller profit and less revenue than analysts had expected.

  • Medicines Co. dips after company ends drug study Friday, 5 Oct 2012 | 2:44 PM ET

    NEW YORK-- Shares of The Medicines Co. slumped Friday after the company said it was ending development of a drug designed to reduce bleeding during surgery because of safety concerns. THE SPARK: After the market closed on Thursday, Medicines Co. said it was ending development of MDCO-2010 because of "serious unexpected patient safety issues."

  • BP protester says police retaliating over lawsuit Friday, 5 Oct 2012 | 2:42 PM ET

    JACKSON, Miss.-- A woman suing a south Mississippi city for her arrest while protesting the BP oil spill has filed a new complaint that claims she was arrested again for no reason in retaliation for the lawsuit. Sandra Howard sued the city of Long Beach and officers Shawn Johnson and Melissa Peterson on Nov. 18, 2011.

  • Nigeria: Sabotaged phone lines worsen crisis Friday, 5 Oct 2012 | 2:37 PM ET

    MAIDUGURI, Nigeria-- Sabotaged phone lines prevented students from warning friends and possibly saving their lives in the attack in which 22 college students were killed earlier this week, survivors said Friday. John Bello, a Mubi college student, said Friday that only one mobile phone network was working in the town and that it was congested.

  • ESPN to stream KHL games online during NHL lockout Friday, 5 Oct 2012 | 2:33 PM ET

    BRISTOL, Conn.-- ESPN will stream Kontinental Hockey League games online as NHL stars play overseas during the lockout. NHL players in the Russian-based league include Alex Ovechkin, Ilya Kovalchuk and Evgeni Malkin.

  • *Boston man named 1st 'Price Is Right' male model Friday, 5 Oct 2012 | 2:31 PM ET
  • Earnings schedule for week of 10/18/2012 Friday, 5 Oct 2012 | 2:30 PM ET

    Alcoa Inc. reports quarterly financial results. Yum Brands Inc. reports quarterly financial results. Safeway Inc. reports quarterly financial results.

  • Meryl Streep donates $1M to The Public Theater Friday, 5 Oct 2012 | 2:29 PM ET

    NEW YORK-- Meryl Streep has donated $1 million to The Public Theater in honor of both its late founder, Joseph Papp, and her friend, the author Nora Ephron. The announcement was timed to Thursday's unveiling of the nonprofit's $40 million face-lift to its 158- year-old headquarters in Astor Place.

  • THE RACE: Jobs news may help Obama regain footing Friday, 5 Oct 2012 | 2:28 PM ET

    And the 7.8 percent September unemployment rate, down from 8.1 percent in August, was clearly welcome to President Barack Obama. That was so for both Presidents Franklin D. Roosevelt and Ronald Reagan. For Reagan, unemployment peaked at 10.8 percent in November and December 1982.

  • AdWatch: Romney pitches 12 million jobs in new ad Friday, 5 Oct 2012 | 2:25 PM ET

    KEY IMAGES: The ad shows GOP presidential candidate Mitt Romney getting behind the wheel of an SUV, then cuts to Romney standing and speaking into the camera. Text on the screen says: " Mitt Romney in his own words" and he says: "Let me tell you how I will create 12 million jobs when President Obama couldn't.

  • *Reporter slain in Syria honored with rights award Friday, 5 Oct 2012 | 2:25 PM ET
  • Alcoa's third-quarter profit expected to fall Friday, 5 Oct 2012 | 2:24 PM ET

    NEW YORK-- Aluminum manufacturer Alcoa Inc. will open what's expected to be a disappointing earnings season when it reports third-quarter results Tuesday after the markets close. WHAT TO WATCH FOR: Alcoa produces aluminum for a wide range of businesses, from automobiles to appliance makers and energy companies.