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Latest Business News Wires - Business Headlines


  • Merkel sees progress in Greece's reform efforts Saturday, 13 Oct 2012 | 8:41 AM ET

    BERLIN-- Germany's chancellor says she thinks debt-laden Greece is making progress in implementing reforms and austerity measures "step by step." Angela Merkel said in her weekly video podcast published Saturday that Greece's progress is slower than hoped "but on this matter we should always give Greece another chance."

  • Obama trumpets rebound of US auto industry Saturday, 13 Oct 2012 | 6:06 AM ET

    WASHINGTON-- President Barack Obama is hailing the rebound of the U.S. auto industry, pointing to progress since his administration rescued General Motors and Chrysler. Automakers are large employers in Ohio, one of the pivotal states in the race between Obama and Republican Mitt Romney.

  • Impact of Romney, Obama tax ideas tough to figure Saturday, 13 Oct 2012 | 3:35 AM ET

    WASHINGTON-- Good luck figuring out whether Republican presidential candidate Mitt Romney would cut or raise your taxes if he's elected president. President Barack Obama promises tax reform, too, but precious little detail.

  • IMF urges quick, effective moves to buoy growth Saturday, 13 Oct 2012 | 1:39 AM ET

    TOKYO-- Global financial ministers called Saturday for quick and effective action to safeguard faltering economic growth and rebuild shaken confidence as they ended an annual meeting of the International Monetary Fund.

  • China's imports weak in negative sign for recovery Saturday, 13 Oct 2012 | 12:53 AM ET

    BEIJING-- China's import growth recovered slightly in September but was weak, suggesting that a recovery for the world's second-largest economy from a painful slump has yet to take hold. The World Bank cut its growth forecast for China this year to 7.7 percent from its May outlook of 8.2 percent.

  • China import growth rises slightly in September Friday, 12 Oct 2012 | 11:30 PM ET

    BEIJING-- China's import growth rose slightly in September but was still weak, suggesting that a recovery from a deep economic downturn has yet to take hold in the world's second-biggest economy. Export growth was a relatively robust 9.9 percent despite economic problems in Europe and the United States.

  • Geithner: Work remains despite US fiscal progress Friday, 12 Oct 2012 | 11:00 PM ET

    TOKYO-- Despite making progress on getting its fiscal house in order, the United States still has much work to do, Treasury Secretary Timothy Geithner told fellow financial leaders Saturday.

  • TD Bank says 260K customers exposed in data breach Friday, 12 Oct 2012 | 10:03 PM ET

    CHERRY HILL, N.J.-- TD Bank has begun notifying about 260,000 customers from Maine to Florida that the company says may have been affected by a data breach. Still, TD Bank has not ruled out the possibility and is monitoring the situation. TD Bank has eight million customers.

  • Worker cooked to death at California tuna plant Friday, 12 Oct 2012 | 9:59 PM ET

    SANTA FE SPRINGS, Calif.-- Authorities say a 62- year-old employee was cooked to death at a Southern California seafood plant for tuna maker Bumble Bee Foods. The Whittier Daily News reports Jose Melena was found shortly before 7 a.m. Thursday at the plant in Santa Fe Springs.

  • US deficit tops $1 trillion for fourth year Friday, 12 Oct 2012 | 9:14 PM ET

    WASHINGTON-- The U.S. budget deficit has topped $1 trillion for a fourth straight year, but a modest improvement in economic growth helped narrow the gap by $207 billion compared with last year. The Treasury Department said Friday the deficit for the 2012 budget year totaled $1.1 trillion.

  • CPUC gives initial nod to $2.2B gas safety plan Friday, 12 Oct 2012 | 8:39 PM ET

    The money is aimed at improving record-keeping and safety testing of PG&E's gas transmission lines after the Sept. 9, 2010, blast that killed eight people and destroyed 38 homes in the bedroom community.

  • 2 law students accused of beheading bird at casino Friday, 12 Oct 2012 | 8:07 PM ET

    LAS VEGAS-- Two men who say they're Berkeley, Calif., law school students have been arrested after police say they killed and decapitated an exotic bird that was part of a Las Vegas resort attraction.

  • Southwest changes tune, raises fares Friday, 12 Oct 2012 | 7:29 PM ET

    DALLAS-- Southwest Airlines is making a 180- degree turn and raising fares on many routes by up to $10 per round trip. But on Friday, Southwest raised fares $2 each way for trips under 501 miles, $3 each way for 501 to 1,000 miles, and $5 each way for longer trips.

  • American says it will work on seats on more planes Friday, 12 Oct 2012 | 6:49 PM ET

    DALLAS-- American Airlines says it will modify seats on 49 more planes to prevent rows of seats from coming loose during flight. Crews will add a "secondary locking device" to seats in most of American's Boeing 767 s, spokeswoman Andrea Huguely said Friday. The seats involved are made by Weber Aircraft LLC, which did not immediately return calls for comment.

  • NPS Pharma jumps ahead of Gattex FDA review Friday, 12 Oct 2012 | 6:34 PM ET

    NEW YORK-- Shares of NPS Pharmaceuticals Inc. surged to their highest price in more than six years Friday as investors hope that a Food and Drug Administration advisory panel will recommend that the FDA approve NPS' bowel drug Gattex.

  • Earnings schedule for week of 10/15/2012 Friday, 12 Oct 2012 | 6:30 PM ET

    Citigroup Inc. reports quarterly financial results. CSX Corp. reports quarterly financial results. Intel Corp. reports quarterly financial results.

  • Fitch upgrades Burger King on stronger sales Friday, 12 Oct 2012 | 6:20 PM ET

    Fitch Ratings upgraded its credit rating on Burger King Friday, saying it's attracting more customers with an updated menu, cutting costs and franchising stores. That cuts costs for Burger King Worldwide Inc. while increasing revenue with franchise fees and royalty. Burger King is also trying to ramp up growth by expanding overseas.

  • AMR seen likely to try again to spin off Eagle Friday, 12 Oct 2012 | 5:57 PM ET

    DALLAS-- The CEO of American Eagle says he expects that the regional affiliate of American Airlines will still be sold or spun off as a separate company after American emerges from bankruptcy protection.

  • News Summary: Workday shares jump in market debut Friday, 12 Oct 2012 | 5:57 PM ET

    WORKDAY WORKS: Shares of Workday Inc. jumped 74 percent to close at $48.69 on their first day of trading Friday. ABOVE RANGE: The cloud-based human resources software provider priced shares at $28 apiece, above the projected range of $24- $26. TICKER TAPE: Pleasanton, Calif.- based Workday trades on the New York Stock Exchange under the ticker symbol "WDAY."

  • American says more planes need repairs to seats Friday, 12 Oct 2012 | 5:51 PM ET

    DALLAS-- American Airlines says it will do repairs on 49 more planes to prevent the seats from coming loose during flight. Airline spokeswoman Andrea Huguely said Friday that crews will add a backup locking device to seats in most of its Boeing 767 s. Huguely says the work started Thursday and will be done by Oct. 21.