Latest Business News Wires - Business Headlines


  • Unemployment falls in nearly 90 pct. of US cities Wednesday, 3 Oct 2012 | 1:29 PM ET

    WASHINGTON-- Unemployment rates fell in August in nearly 90 percent of large U.S. metro areas, mainly because more people gave up looking for work. The Labor Department said Wednesday that unemployment rates dropped in 329 large cities, the most in four months.

  • Greece: differences with creditors 'fairly large' Wednesday, 3 Oct 2012 | 1:24 PM ET

    Yiannis Stournaras said "fairly large" differences remain with debt inspectors from the so-called "troika" of the International Monetary Fund, European Union and European Central Bank. We shall see, "he told journalists after briefing Prime Minister Antonis Samaras on the day's negotiations in Athens.

  • Former Bari player gets suspended sentence Wednesday, 3 Oct 2012 | 1:23 PM ET

    BARI, Italy-- Former Bari defender Andrea Masiello has reached a plea deal for a 22- month suspended sentence for match-fixing after admitting that he scored an own-goal to help Lecce stay in Serie A. In May 2011, Masiello's own-goal helped Lecce win a southern derby 2-0 to avoid relegation after Bari had already been relegated.

  • Usain Bolt camera to be auctioned for charity Wednesday, 3 Oct 2012 | 1:22 PM ET

    Bolt grabbed the camera from Jimmy Wixtrom, of Swedish newspaper Aftonbladet, and snapped shots of the crowd and teammate Yohan Blake, who finished second. Wixtrom put the camera up for sale this week on e-Bay, saying the proceeds will go to the Swedish Cancer Society and Bolt's own foundation for children in Jamaica. eBay is owned by eBay Inc..

  • Dollar strengthens on positive US economic data Wednesday, 3 Oct 2012 | 1:08 PM ET

    The Institute for Supply Management said its index of service companies rose to 55.1 in September, the highest level since March. The euro fell to $1.2899 in late trading Wednesday from $1.2917 late Tuesday. The dollar rose to 78.52 Japanese yen from 78.13 yen, to 0.9390 Swiss franc from 0.9364 Swiss franc and to 98.82 Canadian cents from 98.42 Canadian cents.

  • Boeing, GE cement order for 85 737s worth $6B Wednesday, 3 Oct 2012 | 1:05 PM ET

    NEW YORK-- Boeing Co. and the commercial aircraft leasing and financing arm of General Electric Co. have agreed on a firm order for 85 737 s. With this order, GE Capital Aviation Services has ordered 580 airplanes directly from Boeing since 1995..

  • Analysis: Summer heat raised ComEd bills by $64M Wednesday, 3 Oct 2012 | 11:59 AM ET

    CHICAGO-- A consumer watchdog group says this summer's extreme heat boosted the bills of Commonwealth Edison customers by about $64 million. But the Citizens Utility Board also said Tuesday that customers could've reduced most of that increase by changing their habits.

  • Oil drops 3 pct on signs of slower growth in China Wednesday, 3 Oct 2012 | 11:59 AM ET

    The price of oil plunged Wednesday on more evidence of slower growth in China. Benchmark oil fell $2.93, or 3.2 percent, Wednesday to $88.96 per barrel in afternoon trading in New York. China is the world's second largest economy and a huge importer of commodities like oil.

  • Ratings agency says Bank of ND remains strong Wednesday, 3 Oct 2012 | 11:57 AM ET

    BISMARCK, N.D.-- A national ratings agency says the state-owned Bank of North Dakota is in great shape. Standard& Poor's says the ratings could decline if the state's economy weakens, but it says North Dakota's economic prospects are good right now. Jack Dalrymple is chairman of the North Dakota Industrial Commission.

  • Grants may help Nebraska farmers deal with drought Wednesday, 3 Oct 2012 | 11:56 AM ET

    LINCOLN, Neb.-- Nebraska farmers and ranchers are being encouraged to apply for grants that will help them test out practices to deal with drought. The U.S. Department of Agriculture's Natural Resources Conservation Service has up to $5 million available for the grants.

  • 3 Hezbollah members killed in weapons depot blast Wednesday, 3 Oct 2012 | 11:56 AM ET

    BEIRUT-- A Hezbollah weapons depot exploded in eastern Lebanon on Wednesday, killing three members of the Shiite militant group, according to a report on its TV station. The report on al-Manar said Hezbollah kept old ammunition and shells left over from battles with Israel in the building near the city of Baalbek.

  • Chick-fil-A chief: 'We support Biblical families' Wednesday, 3 Oct 2012 | 11:46 AM ET

    THOMASTON, Ga.-- Chick-fil-A President Dan Cathy voiced his support for "Biblical families" in one of his first interviews since his earlier comments caused controversy regarding gay marriage. Cathy made the comments over the weekend at an event at his family's Georgia ranch.

  • Bristol-Myers, Sanofi revamp Plavix sales alliance Wednesday, 3 Oct 2012 | 11:41 AM ET

    TRENTON, N.J.-- Bristol-Myers Squibb Co. and Sanofi SA said Wednesday that they are restructuring their longtime partnership selling popular heart medications, now that their sales are plunging due to recent, widespread competition from generic versions.

  • European banks raised capital buffers by $265B Wednesday, 3 Oct 2012 | 11:36 AM ET

    LONDON-- Europe's banks have raised an extra 205 billion in fresh capital since December in a bid to meet new rules aimed at strengthening the ailing sector, an EU regulator said Wednesday.

  • Aeterna Zentaris plans reverse stock split Wednesday, 3 Oct 2012 | 11:26 AM ET

    NEW YORK-- Canadian drugmaker Aeterna Zentaris Inc. said Wednesday that it will conduct a six-for-one reverse stock split to boost its share price and regain compliance with Nasdaq rules.

  • LifeLock falls in 1st day of trading on NYSE Wednesday, 3 Oct 2012 | 11:26 AM ET

    NEW YORK-- Shares of LifeLock fell more than 3 percent in its first day of trading as the online provider of identity theft protection services priced its initial public offering below the anticipated range. LifeLock disclosed in a September regulatory filing that it expected the offering of 15.7 million shares to price between $9.50 and $11.50 each.

  • The Spy Who Loved Video Games: 5 famous Bond games Wednesday, 3 Oct 2012 | 11:24 AM ET

    LOS ANGELES-- James Bond hasn't been sipping martinis and firing his Walther in the game world for nearly as long as he has in movie theaters, but the gadget-loving secret agent's nearly 30- year history spanning more than 20 video games is almost unmatched in Hollywood, where video game tie-ins with the latest blockbusters are commonplace nowadays.

  • Oil drops on evidence of slower growth in China Wednesday, 3 Oct 2012 | 11:21 AM ET

    The price of oil is plunging on more evidence of slower growth in China. China says its services sector slowed in September but still is growing. China is a huge importer of commodities like oil so slower growth there could cut into demand for oil.

  • Bailed-out Portugal hikes more taxes to cut debt Wednesday, 3 Oct 2012 | 11:16 AM ET

    LISBON, Portugal-- Portugal is tightening its belt another notch, with the government announcing Wednesday steep income tax hikes to reduce the bailed-out country's debt load despite mounting discontent over austerity measures.

  • Bond movies have beat do-or-die odds for 50 years Wednesday, 3 Oct 2012 | 11:16 AM ET

    LOS ANGELES-- Over the last 50 years, the owners of the James Bond movie franchise have had heart-stopping crises as thrilling as the ones that face their fictional secret agent. "Cubby used to say, `This is the goose that laid the golden egg, keep it safe,'" said Broccoli's youngest daughter, Barbara, now the series' co-producer, in a phone interview from London. "