Latest Business News Wires - Business Headlines


  • *Buffett's firm boosts stake in DaVita over 10 pct Monday, 1 Oct 2012 | 10:36 AM ET
  • Orioles' plane diverted because of smoke in galley Monday, 1 Oct 2012 | 10:36 AM ET

    The airplane taking the Baltimore Orioles to St. Petersburg, Fla. on Sunday night had its flight diverted to Jacksonville because of smoke in the forward galley. The Orioles resumed their trip on the same aircraft, leaving Jacksonville International Airport at 10:15 p.m..

  • Generac Holdings gives strong 3Q outlook Monday, 1 Oct 2012 | 10:35 AM ET

    WAUKESHA, Wis.-- Generac Holdings Inc. offered higher-than-expected earnings and revenue guidance for the third quarter on Monday saying demand was strong for its home stand-by and portable generators due to recent, major power outages.

  • Stocks jump following expansion in manufacturing Monday, 1 Oct 2012 | 10:35 AM ET

    The Dow Jones industrial average rose 118 points to 13,554 as of 1 p.m. Eastern. Stocks had already been up in morning trading, but the gains accelerated after the report was released by the Institute for Supply Management, a trade group of purchasing managers. All 10 industry groups in the S&P 500 rose.

  • NHL, locked-out players meet for 3rd straight day Monday, 1 Oct 2012 | 10:35 AM ET

    NEW YORK-- The NHL and the players' association met for a third straight day Sunday, and again avoided the troublesome money issues that are fueling the ongoing lockout. "We did not discuss core economic issues, as was the plan," NHLPA special counsel Steve Fehr said after meeting for five hours with the NHL. "

  • Gun owned by Butch Cassidy auctioned in Calif. Monday, 1 Oct 2012 | 10:32 AM ET

    VENTURA, Calif.-- A. 45- caliber gun once owned by Butch Cassidy has sold at auction in Southern California for $175,000. Cassidy, the infamous Old West bank robber, bought the revolver in a hardware store in Vernal, Utah, in 1896. He turned it over to Utah authorities in early 1900 in an unsuccessful attempt to gain amnesty.

  • Former Johnson & Johnson CEO Burke dies at 87 Monday, 1 Oct 2012 | 10:31 AM ET

    TRENTON, N.J.-- Former Johnson& Johnson CEO James E. Burke, who steered the health care giant through the Tylenol poisonings in the 1980 s that resulted in the first tamper-resistant product packaging, has died.

  • Caesars touting tenants at new Vegas Strip project Monday, 1 Oct 2012 | 10:28 AM ET

    LAS VEGAS-- A Brooklyn Bowl entertainment venue, a Yard House beer bar and an Asian-themed food and art marketplace are among anchor tenants coming to a master-planned complex being built at the base of a big new Las Vegas Strip observation wheel, Caesars Entertainment Corp. officials will announce Monday.

  • White House says it thwarted cyberattack Monday, 1 Oct 2012 | 10:24 AM ET

    WASHINGTON-- The White House is acknowledging an attempt to infiltrate its computer system, but says it thwarted the effort and that no classified networks were threatened. White House spokesman Jay Carney told reporters the White House is equipped with mitigation measures that identified the attack, isolated it and prevented its spread.

  • O'Donnell: 'The lady' for CBS mornings Monday, 1 Oct 2012 | 10:21 AM ET

    O'Donnell, who jumped to CBS last year after more than a decade at NBC News, replaced Erica Hill within the trio of "CBS This Morning" hosts that also include Charlie Rose and Gayle King.

  • Cambodian broadcaster sentenced to 20 years Monday, 1 Oct 2012 | 10:19 AM ET

    Judge Chaing Sinat of the Phnom Penh Municipal Court said 71- year-old Mam Sonando was convicted and sentenced on four counts related to an alleged secessionist movement in eastern Cambodia. "There is no real democracy in Cambodia. Mam Sonando also was fined 10 million riel.

  • *Pipeline fire in southeast Nigeria kills 20 Monday, 1 Oct 2012 | 10:16 AM ET
  • TV critic of Egypt's Islamist president freed Monday, 1 Oct 2012 | 10:15 AM ET

    CAIRO-- The owner of a TV station on trial for incitement following his call for the killing of Egypt's Islamist president has been released after being briefly detained over allegations of theft of electrical power and bounced checks, security officials said on Monday.

  • Autodesk buys software technology from HSMWorks Monday, 1 Oct 2012 | 10:12 AM ET

    SAN FRANCISCO-- Autodesk Inc. said Monday that it has bought certain assets of HSMWorks so it can add software to control machinery to its portfolio of software used in computer-aided manufacturing.

  • Analysis: Candidates' deficit plans don't add up Monday, 1 Oct 2012 | 10:12 AM ET

    As the government closed the books Sunday with a $1.1 trillion deficit for the year, which required borrowing 32 cents for every dollar it spent, budget analysts have little confidence in either man's plan to address the accumulating debt, now at about $16 trillion.

  • Rulemaking will likely delay NY gas drilling plans Monday, 1 Oct 2012 | 10:11 AM ET

    ALBANY, N.Y.-- New York regulators expect to reopen their rulemaking process for natural gas drilling using hydraulic fracturing, casting doubt on whether a 4- year-old moratorium on development will be lifted before next year.

  • Hospital operator Tenet plans stock split, buyback Monday, 1 Oct 2012 | 10:10 AM ET

    DALLAS-- Hospital operator Tenet Healthcare Corp. plans acquisitions, a new share repurchase program and a 4- to-1 reverse stock split to help speed up growth and improve the value of its stock for shareholders.

  • US manufacturing grows for 1st time in 4 months Monday, 1 Oct 2012 | 10:09 AM ET

    WASHINGTON-- U.S. manufacturing grew for the first time in four months, buoyed by a jump in new orders and more jobs. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its index of factory activity rose to 51.5.

  • NY dealer to repay victims of fraudulent car sales Monday, 1 Oct 2012 | 10:08 AM ET

    NEW YORK-- A New York auto dealer must pay almost $300,000 in restitution to customers for fraudulent sales practices _ including adding unwanted options and pressuring customers into signing blank contracts.

  • Integrys buys Wisconsin power plant for $440M Monday, 1 Oct 2012 | 10:05 AM ET

    CHICAGO-- Integrys Energy Group Inc., a provider of electricity and natural gas, said Monday that it is buying one of its suppliers, a Wisconsin power plant, for $440 million. Fox Energy Co. is owned by General Electric Co. and Tyr Energy Inc., a privately held company.

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