Latest Business News Wires - Business Headlines


  • Draghi warns eurozone growth will 'remain weak' Thursday, 4 Oct 2012 | 8:53 AM ET

    FRANKFURT, Germany-- European Central Bank head Mario Draghi says that growth in the crisis-hit group of 17 countries that use the euro will remain weak for the near future. The ECB governing council met in Slovenia, one of the 17 countries that use the euro.

  • Haverty Furniture 3rd-quarter sales up 11 pct Thursday, 4 Oct 2012 | 8:52 AM ET

    ATLANTA-- Haverty Furniture Cos. said Thursday that its revenue grew 11 percent in the third quarter as sales increased at established shops. Revenue rose to $172.7 million from $155.4 million a year ago. At locations open at least a year, revenue rose 10 percent.

  • Beijing rep at HK tragedy raises unease over China Thursday, 4 Oct 2012 | 8:50 AM ET

    HONG KONG-- A show of concern by Beijing over a boat collision that killed dozens of people in Hong Kong this week has backfired, further damaging the Communist government's image in the former British colony.

  • Honduran court: Private cities 'unconstitutional' Thursday, 4 Oct 2012 | 8:46 AM ET

    The constitutional judges argued that "the foreign investment expected to be received by the state of Honduras implies transferring national territory, which is expressly prohibited in the constitution," according to a copy of the ruling obtained by The Associated Press. South Korea has given Honduras $4 million to conduct a feasibility study.

  • Ore. pot measure struggles as Wash., Colo. thrive Thursday, 4 Oct 2012 | 8:44 AM ET

    PORTLAND, Ore.-- As marijuana legalization efforts in Colorado and Washington pick up steam, a similar push in Oregon seems to be going up in smoke. More than $4 million has flowed to Washington and close to a million in Colorado.

  • USA Today founder honors ND Olive Garden reviewer Thursday, 4 Oct 2012 | 8:43 AM ET

    She's known for her earnest review of an Olive Garden restaurant in North Dakota that went viral on the Internet. Six decades after they worked together at the University of South Dakota's student newspaper, Al Neuharth, 88, and Marilyn Hagerty, 86, are reuniting.

  • *Museum is taking charge of Poe House in Baltimore Thursday, 4 Oct 2012 | 8:42 AM ET
  • Rare US meningitis outbreak grows; 4 dead, 22 sick Thursday, 4 Oct 2012 | 8:40 AM ET

    Eighteen of the cases are in Tennessee, where a Nashville clinic received the largest shipment of the steroid.. Three cases have been reported in Virginia, two in Maryland, two in Florida and one in North Carolina. Two of the deaths were in Tennessee, and Virginia and Maryland had one each, said officials at the Centers for Disease Control and Prevention.

  • *Argentine security forces protest wage cuts Thursday, 4 Oct 2012 | 8:40 AM ET
  • *Limited Brands key revenue metric rises in Sept. Thursday, 4 Oct 2012 | 8:39 AM ET
  • Frida Kahlo, her real look, on display in Mexico Thursday, 4 Oct 2012 | 8:39 AM ET

    She graced dinner parties and theaters from Paris to New York in ribbons, full skirts and loose peasant blouses embroidered with vividly colored flowers, and her uni-brow was a bold contrast to the pencil-line eyebrows of the time.

  • Macy's September revenue up 2.5 percent Thursday, 4 Oct 2012 | 8:38 AM ET

    CINCINNATI-- Macy's said Thursday that a key measure of revenue rose 2.5 percent in September, coming in short of analysts' predictions for a gain of 3.3 percent, according to Thomson Reuters.

  • Romney would end Obama immigration policy Thursday, 4 Oct 2012 | 8:38 AM ET

    DENVER-- Republican presidential candidate Mitt Romney would end an Obama administration policy allowing some young illegal immigrants to stay in the country and work, though anyone already granted a reprieve from possible deportation wouldn't see that permission revoked.

  • Fears abound ahead of close Venezuelan elections Thursday, 4 Oct 2012 | 8:37 AM ET

    CARACAS, Venezuela-- Venezuelan voters Luis Gustavo Marin and Dunia Nessi are on opposite sides of the political spectrum, but as Sunday's election draws closer they both fear what will happen if their candidate loses.

  • Key ECB steps to combat Europe's debt crisis Thursday, 4 Oct 2012 | 8:37 AM ET

    FRANKFURT, Germany-- Here are some of the key steps the European Central Bank has taken to ease Europe's financial crisis and provide a spark to the weak economy. The ECB's plans have already helped lower borrowing costs in bond markets, at least temporarily, for Spain and Italy.

  • US unemployment aid applications rise to 367K Thursday, 4 Oct 2012 | 8:37 AM ET

    Weekly applications increased last week by 4,000 from the previous week's level of 363,000, the Labor Department said Thursday. Joshua Shapiro, chief U.S. economist at MFR Inc., said the figures are "consistent with a soft but by no means collapsing labor market."

  • Bio for Mario Draghi, the head of the ECB Thursday, 4 Oct 2012 | 8:35 AM ET

    FRANKFURT, Germany-- BORN _ Sept. 3, 1947, Rome, Italy. PROFESSIONAL EXPERIENCE _ Took office on Nov. 1, 2011 as third president of the European Central Bank, after being appointed by leaders of the 17 eurozone countries. Served on the 23- member governing council of the European Central Bank, which sets interest rates for the 17 countries that use the euro.

  • Honda recalls 820,000 Civics and Pilots Thursday, 4 Oct 2012 | 8:34 AM ET

    DETROIT-- Honda says it is recalling more than 820,000 Civic compact cars and Pilot SUVs because the headlights can fail. The recall affects Civics from the 2002 and 2003 model years and Pilots from 2004 and 2005.. Honda says it will fix the wiring for free.

  • White House discourages layoff warnings Thursday, 4 Oct 2012 | 8:34 AM ET

    WASHINGTON-- The White House is going to great lengths to discourage defense contractors from sending layoff warnings to employees in the days before the presidential election, an effort Republicans are denouncing as politically motivated.

  • Yemen tribesmen blow up pylons; capital in dark Thursday, 4 Oct 2012 | 8:34 AM ET

    SANAA, Yemen-- Yemen's electricity company said Wednesday protesting tribesman blew up main pylons a day earlier, cutting off power to the capital, Sanaa, and plunging it into darkness. The officials said the tribesmen are protesting a death sentence against one of their members convicted of belonging to al-Qaida and killing security agents.