Latest Business News Wires - Business Headlines


  • JA Solar gets listing warning due to stock price Tuesday, 16 Oct 2012 | 1:24 PM ET

    JA Solar Holdings Co. Ltd. said Tuesday that it has received a warning from the Nasdaq stock market that its closing price has fallen too low over the past month to meet listing requirements. The company has until April 9, get its share price back above $1 and keep it there for 10 straight business days.

  • News Summary: Iraqi central bank head ousted Tuesday, 16 Oct 2012 | 1:23 PM ET

    CENTRAL BANK OUSTER: Iraq abruptly removed the longtime governor of the country's central bank after he and other bank officials were targeted in an investigation into alleged financial wrongdoing. CENTRAL BANK VETERAN: Sinan al-Shabibi, is seen as a politically independent economist who has led the bank since shortly after the U.S.-led invasion.

  • News Summary: Costlier gas pushes up US prices Tuesday, 16 Oct 2012 | 1:22 PM ET

    PRICES RISE: U.S. consumer prices rose 0.6 percent last month, the Labor Department said Thursday, mostly because of higher gas prices. Excluding the volatile energy and food categories, prices rose only 0.1 percent for the third straight month.

  • Tame US prices, more confident builders aid growth Tuesday, 16 Oct 2012 | 1:21 PM ET

    WASHINGTON-- The outlook for the U.S. economy brightened a little Tuesday after reports that consumer prices stayed tame and homebuilder confidence rose to the highest level in six years. It will be front and center Tuesday night when President Barack Obama and GOP challenger Mitt Romney meet at New York's Hofstra University for the second of three debates.

  • Bankrate shares tumble on projected 3Q profit drop Tuesday, 16 Oct 2012 | 1:20 PM ET

    NEW YORK-- Shares of Bankrate Inc. lost about a quarter of their value and fell to an all-time low Tuesday, after the online publisher of financial data predicted third-quarter results that fell far short of Wall Street forecasts.

  • General Dynamics gets $459M pact modification Tuesday, 16 Oct 2012 | 1:18 PM ET

    GROTON, Conn.-- A General Dynamics subsidiary received a $459 million contract modification to provide support services for the Navy's nuclear submarines. It has the possibility of a total value of about $1.2 billion over three years if all options are exercised.

  • Cintas boosts annual dividend to 64 cents Tuesday, 16 Oct 2012 | 1:15 PM ET

    CINCINNATI-- Cintas announced a 10- cent increase to its annual dividend. The new dividend will be paid on Dec. 12 to shareholders of record as of Nov. 9, Cintas said. Shares of Cintas Corp. rose 15 cents to $42.15 in afternoon trading.

  • Ariz. voters to decide fate of new sales tax hike Tuesday, 16 Oct 2012 | 1:14 PM ET

    PHOENIX-- Arizona voters two years ago overwhelmingly approved a temporary sales tax increase, but the political landscape is significantly different for a new proposal on this year's ballot. Jan Brewer and the Arizona Chamber of Commerce and Industry, oppose the proposal on this year's ballot.

  • Kroger lifts guidance, citing plans to expand Tuesday, 16 Oct 2012 | 1:11 PM ET

    NEW YORK-- Kroger is forecasting stronger growth in the years ahead, as the nation's biggest traditional supermarket operator continues to transform the format of its stores to fend off competitors and keep up with changing shopping habits.

  • Egyptian league games delayed indefinitely Tuesday, 16 Oct 2012 | 11:58 AM ET

    CAIRO-- The Egyptian Football Federation says it has delayed league games indefinitely because police have not given assurances they can secure matches. Federation deputy Hassan Farid tells The Associated Press that the Interior Ministry has not ensured it can safeguard the games.

  • Tumi shares fall on stockholders' plan to sell Tuesday, 16 Oct 2012 | 11:56 AM ET

    NEW YORK-- Shares of Tumi, which makes pricey luggage, fell Tuesday after the company said some shareholders, including the company's CEO and CFO, plan to sell stock.

  • EU Commissioner resigns in corruption scandal Tuesday, 16 Oct 2012 | 11:56 AM ET

    BRUSSELS-- EU Health Commissioner John Dalli has resigned over corruption allegations involving tobacco legislation, but denies wrongdoing. The EU Commission said in a statement Dalli resigned `'with immediate effect. " Snus sales are banned in the European Union, except in Sweden, which insisted on an exemption when it joined the EU.

  • SAfrica trade federation blames unrest on bosses Tuesday, 16 Oct 2012 | 11:55 AM ET

    JOHANNESBURG-- Mine bosses have aggravated South Africa's labor unrest by dismissing striking mineworkers, the Congress of South African Trade Unions said Tuesday, voicing strong support for thousands of workers who have staged wildcat strikes at gold and platinum mines across the country.

  • *Battery maker A123 files for bankruptcy protection Tuesday, 16 Oct 2012 | 11:50 AM ET
  • *Red Cross says 1-in-100 forced from homes Tuesday, 16 Oct 2012 | 11:49 AM ET
  • Iraq removes central bank head in corruption probe Tuesday, 16 Oct 2012 | 11:48 AM ET

    BAGHDAD-- Iraq abruptly removed the longtime governor of the country's central bank Tuesday after he and other bank officials were targeted in an investigation into alleged financial wrongdoing.

  • Key moments in Pandit's tenure as CEO of Citigroup Tuesday, 16 Oct 2012 | 11:48 AM ET

    Vikram Pandit stepped down Tuesday as CEO of Citigroup. _ April 2007: Old Lane hedge fund, which Pandit formed a year earlier, is acquired by Citi for $800 million. _ September 2008: Citi announces it will buy the struggling bank Wachovia at the height of the financial crisis.

  • News Summary: A123 files for bankruptcy protection Tuesday, 16 Oct 2012 | 11:45 AM ET

    SHORT CIRCUIT: Short of cash and hurting from weak sales of electric cars, battery maker A123 Systems Inc. filed for bankruptcy protection on Tuesday and quickly sold its automotive assets. Auto parts maker Johnson Controls Inc. will buy the company's automotive business for $125 million.

  • News Summary: Roche 3Q drug sales rise 7 percent Tuesday, 16 Oct 2012 | 11:41 AM ET

    SALES JUMP: Powered by demand for its cancer drugs, Swiss drugmaker Roche on Tuesday reported a 7 percent increase in sales of its pharmaceutical products for the first nine months of 2012..

  • Forest Labs 2Q profit down, cuts year forecasts Tuesday, 16 Oct 2012 | 11:40 AM ET

    NEW YORK-- Forest Laboratories Inc. again cut its annual net income guidance and lowered its sales estimates Tuesday, citing lower sales of its Alzheimer's disease drug Namenda and other products along with greater expenses and higher taxes. Shares of Forest declined 91 cents, or 2.5 percent, to $35.69 in morning trading.