Latest Business News Wires - Business Headlines


  • Somali pirates release Greek-owned ship for ransom Friday, 12 Oct 2012 | 1:21 PM ET

    MOGADISHU, Somalia-- A Liberian-flagged Greek-owned ship and its crew of 21 Filipinos who were held hostage by pirates for eight months have been released following the payment of a $2.3 million ransom, a Somali pirate said Friday.

  • *Japan, China to hold talks after island row Friday, 12 Oct 2012 | 1:20 PM ET
  • Elvis' Beverly Hills estate up for sale Friday, 12 Oct 2012 | 1:17 PM ET

    MEMPHIS, Tenn.-- The Beverly Hills home where the late Elvis Presley and his wife Priscilla once lived is up for sale, real estate website operator Trulia said. The house hit the market Wednesday for $12.9 million, according to Trulia.

  • Rain, hail, lightning and mountain snow for SoCal Friday, 12 Oct 2012 | 1:15 PM ET

    FONTANA, Calif.-- Firefighters say the roof of a motorcycle warehouse in Fontana collapsed after a foot of rain water backed up behind clogged drains. San Bernardino County firefighters were called about 5 p.m. Thursday, after a heavy downpour.

  • News Summary: Cyprus seeks concessions from labor Friday, 12 Oct 2012 | 1:15 PM ET

    HOSTILE NEGOTIATIONS: The president of Cyprus is trying to convince trade unions to rally behind tough austerity measures that the government wants to negotiate with potential creditors in return for a multibillion euro bailout loan to prop up the country's ailing banks and economy.

  • Mingo opens air park on reclaimed Alpha strip mine Friday, 12 Oct 2012 | 1:14 PM ET

    WILLIAMSON, W.Va.-- The Mingo County Airport Authority celebrated the opening of a 7,000- foot runway and its new Air Transportation Park on a reclaimed mine site Friday.

  • Ky. urges people to replace Medi-Share immediately Friday, 12 Oct 2012 | 1:13 PM ET

    FRANKFORT, Ky.-- Members of a Christians-only health insurance plan that has been ordered to cease operations in Kentucky should get different policies immediately, the state Department of Insurance advised Friday.

  • JB Hunt rises as 3Q results satisfy investors Friday, 12 Oct 2012 | 1:13 PM ET

    NEW YORK-- Shares of J.B. Hunt Transport Services Inc. gained more than 7 percent Friday as the trucking and logistics company's third-quarter results appeared to satisfy investors.

  • *Security delays at Denver International Airport Friday, 12 Oct 2012 | 1:10 PM ET
  • *Salt Lake County jail to appear in reality show Friday, 12 Oct 2012 | 1:09 PM ET
  • 13 who attended Cleveland fair ill with E. coli Friday, 12 Oct 2012 | 1:07 PM ET

    SHELBY, N.C.-- North Carolina health officials say an E. coli outbreak is responsible for the illness of 13 people who attended the Cleveland County Fair. State health officials say people from Cleveland, Gaston and Lincoln counties have reported becoming sick after visiting the fair in Shelby.

  • For triumphant JPMorgan CEO, a chance to sound off Friday, 12 Oct 2012 | 1:05 PM ET

    NEW YORK-- Jamie Dimon, the CEO of JPMorgan Chase, is known as much for his swagger as for his banking savvy. Friday, when his bank reported triumphant results for the third quarter, was no exception.

  • *USDA OKs loan guarantee for Colo. biomass plant Friday, 12 Oct 2012 | 11:59 AM ET
  • Puerto Rico abandons plan to build gas pipeline Friday, 12 Oct 2012 | 11:58 AM ET

    SAN JUAN, Puerto Rico-- The government of Puerto Rico has formally withdrawn plans to build a natural gas pipeline after investing more than $50 million in a project that provoked strong opposition from islanders and environmentalists.

  • Official pledges support for Arctic drilling Friday, 12 Oct 2012 | 11:58 AM ET

    ANCHORAGE, Alaska-- The Interior Department's deputy secretary said Thursday that there will be no slowdown of the permitting process for Arctic offshore drilling if President Obama is re-elected. Royal Dutch Shell PLC was allowed to begin exploratory drilling in the Beaufort and Chukchi seas off Alaska's north shores this summer, but U.S.

  • Critics: Ore. casino investors have mixed record Friday, 12 Oct 2012 | 11:57 AM ET

    The opposition campaign is funded primarily by the Confederated Tribes of Grand Ronde, which runs Spirit Mountain Casino, the nearest casino to Portland. The new Oregon casino would be owned by PDX Entertainment company, a corporation with about 19 shareholders created in March and based in Lake Oswego.

  • *Calif. must say how it will ease prison crowding Friday, 12 Oct 2012 | 11:56 AM ET
  • Parnell eyeing ways to further advance gas line Friday, 12 Oct 2012 | 11:54 AM ET

    The governor said earlier this year that the 2013 Legislature could take up gas tax legislation if TransCanada Corp. and the North Slope's major players _ Exxon Mobil Corp., BP and ConocoPhillips _ met a number of milestones in 2012. All of those benchmarks have been met, including cost estimates and a rough timeline for a potential project.

  • Stock market heading for its worst week since June Friday, 12 Oct 2012 | 11:53 AM ET

    Stock indexes are turning lower on Wall Street, putting the market on track for its worst week since early June. Wells Fargo fell $1.22 to $33.96, leading other bank stocks lower, after its revenue came in lower than analysts were expecting. Semiconductor maker AMD plunged 30 cents to $2.90 after saying its third-quarter revenue would drop 10 percent.

  • Diamondback shares rise in initial trading Friday, 12 Oct 2012 | 11:35 AM ET

    Diamondback Energy Inc.' s shares are rising its first day of trading as a public company. The Midland, Texas, company, which develops oil and natural gas reserves in Texas, raised $218.8 million in its initial public stock offering, selling 12.5 million shares for $17.50 each. It had projected a price of $17 to $19.