Latest Business News Wires - Business Headlines


  • WHY IT MATTERS: Defense spending Tuesday, 2 Oct 2012 | 1:26 PM ET

    In the aftermath of the 9/ 11 terrorist attacks the money spigot was turned wide open, pouring hundreds of billions of dollars into the wars in Iraq and Afghanistan and expanding the armed forces. He reasons that a new era of austerity at the Pentagon won't hurt American security.

  • 10 NDSU players plead guilty to petition fraud Tuesday, 2 Oct 2012 | 1:24 PM ET

    FARGO, N.D.-- Ten North Dakota State University football players pleaded guilty Tuesday to misdemeanor election fraud and were sentenced to community service for faking signatures on proposed ballot measure petitions that they were hired to collect.

  • UEFA says media rights for Euro qualifiers, 2016 Tuesday, 2 Oct 2012 | 1:22 PM ET

    NYON, Switzerland-- UEFA says United States- backed agency CAA Eleven has bought exclusive commercial rights to all its European Championship and World Cup qualifying matches, plus the Euro 2016 tournament.

  • Stocks sink on Spain report, Mosaic miss Tuesday, 2 Oct 2012 | 1:18 PM ET

    Mosaic, Dupont and stocks of other companies in the materials industry fell. Dupont led the Dow lower, sinking $1.02 to $49.34. Spain needs to ask for money from Europe's bailout fund before the European Central Bank can start buying its government bonds.

  • Israeli electric car company CEO steps down Tuesday, 2 Oct 2012 | 1:13 PM ET

    JERUSALEM-- He has been the poster boy for Israel's powerhouse technology industry and a leading proponent of a great dream _ to end the world's addiction to oil. But on Tuesday, Shai Agassi stepped down as chief executive of Better Place, the Israel- based electric car company he founded with great fanfare five years ago.

  • September Auto Sales: Ford Tuesday, 2 Oct 2012 | 1:08 PM ET

    DEARBORN, Mich.-- Ford Motor Co. said Tuesday that its U.S. sales were flat in September as increases in sales of cars and SUVs were weighed down by lower truck sales. BY THE NUMBERS: Ford sold a total of 174,976 vehicles last month, relatively flat compared with 175,199 in the same month last year.

  • Trading mixed as Spanish speculation grows Tuesday, 2 Oct 2012 | 1:07 PM ET

    The monthly manufacturing survey from the Institute for Supply Management on Monday pointed to an improvement. In Europe markets ended the day slightly lower. The FTSE 100 index was down 0.19 percent at 5,809 while Germany's DAX was off 0.28 percent at 7,305. The CAC-40 in France was 0.6 lower higher at 3,414..

  • Pa. reports slight slots revenue increase in Sept. Tuesday, 2 Oct 2012 | 1:04 PM ET

    PHILADELPHIA-- Boosted by $4.3 million from play at the state's newest casino, Pennsylvania saw a slight increase in gross revenue from slot machines last month compared to the same period a year ago, according to state gaming board figures released Tuesday. Six other Pennsylvania casinos saw smaller declines.

  • Home price changes in 25 largest US metro areas Tuesday, 2 Oct 2012 | 1:04 PM ET
  • Correction: Obama-China story Tuesday, 2 Oct 2012 | 1:03 PM ET

    WASHINGTON-- In a story Sept. 28 about a presidential decision to block a Chinese company's business deal in Oregon over national security concerns, The Associated Press erroneously cited when another Chinese firm, Huawei Technologies, had abandoned plans for its purchase of a U.S. computer company, 3 Leaf Systems.

  • Old Dominion falls on shipping slowdown worries Tuesday, 2 Oct 2012 | 11:58 AM ET

    NEW YORK-- Shares of Old Dominion Freight Line Inc. fell Tuesday, after an analyst for RBC Capital Markets cited a slowdown in certain kinds of shipping and tough earnings comparisons facing the trucking company in cutting his rating for the company to "Sector Perform" from "Outperform."

  • Leagues say NJ sports betting law is hypocritical Tuesday, 2 Oct 2012 | 11:56 AM ET

    The NCAA, Major League Baseball, the National Football League, National Basketball Association and National Hockey League are collectively suing to block New Jersey's sports betting law from taking effect; the state says it could take bets as soon as December.

  • Stocks give up early gains on Wall Street Tuesday, 2 Oct 2012 | 11:56 AM ET

    NEW YORK-- Stocks are giving up an early advance and turning lower in midday trading on Wall Street. Dupont fell the most of the 30 stocks in the Dow Jones industrial average. The Dow was down 66 points at 13,449 shortly before noon Eastern time.

  • DaVita says federal investigation is complete Tuesday, 2 Oct 2012 | 11:54 AM ET

    DENVER-- DaVita Inc. said Tuesday that a federal grand jury investigation into its practices is complete and no action will be taken against the kidney dialysis firm.

  • Kraft, Mondelez begin trading as 2 companies Tuesday, 2 Oct 2012 | 11:43 AM ET

    NEW YORK-- Kraft Foods Group and Mondelez International are now trading as two separate public companies. Mondelez's stock gained 2 cents to $27.84 in Tuesday morning trading. Shares of Kraft Foods Group, based in Northfield, Ill., added 61 cents to $44.71.

  • US allows visa-free travel for Taiwanese Tuesday, 2 Oct 2012 | 11:43 AM ET

    Homeland Security Secretary Janet Napolitano described it as a "logical development in close security, economic and people-to-people" ties between the U.S. and Taiwan.

  • No mid-life crisis for 007 as Bond films turn 50 Tuesday, 2 Oct 2012 | 11:42 AM ET

    LONDON-- It was a meeting of the two most famous British people on the planet: Queen Elizabeth II turned to her tuxedo-wearing guest and said, "Good evening, Mr. It introduced a dapper but deadly secret agent who wore Savile Row suits, drove an Aston Martin, liked his martinis shaken, not stirred, and announced himself as "Bond, James Bond."

  • 2 Vt. airports get federal improvement grants Tuesday, 2 Oct 2012 | 11:40 AM ET

    MONTPELIER, Vt.-- The Vermont state airports in Morrisville and Newport are going to receive more than $900,000 in federal grants to buy equipment, design a project and conduct an environmental assessment.

  • Anthem proposed as benchmark for Kentucky insurers Tuesday, 2 Oct 2012 | 11:38 AM ET

    FRANKFORT, Ky.-- Kentucky has recommended that the Anthem Preferred Provider Organization serve as the benchmark plan for insurers in Kentucky under federal health care reforms. Kentucky also is recommending that the Kentucky Children's Health Insurance Program be the benchmark plan for pediatric vision and dental services.

  • US auto sales rise again in September Tuesday, 2 Oct 2012 | 11:38 AM ET

    Sales rose for most automakers, led by gains of more than 30 percent for Toyota and Volkswagen. Toyota sales rose 42 percent from a year earlier, while Volkswagen jumped 34 percent from September 2011. Nissan, which has been hurt as Toyota and Honda recover from last year's earthquake in Japan, saw sales fall 1.1 percent.