Alibaba IPO comes with unusual business structure that is price of admittance to China growth Asian stocks gain on stimulus hopes, European markets drift lower China manufacturing growth slowed in August on sluggish global demand for exports $2.4 B Revel Casino Hotel begins its shutdown after just over 2 years in Atlantic City Heineken sells Mexican packaging business to Crown for $1.23 billion India Prime Minister Modi wins pledges of support from Japan government, industry Greece rules out new cuts ahead of Paris talks with bailout inspectors Cuba cracks down on multi-billion dollar flow of consumer goods in air passengers' luggage Norwegian oil firm Statoil reopens plant in Algeria after 5 workers killed in terror attack Anti-euro party's success in German vote spotlights dilemma for Merkel in handling new rival» Read More
SALT LAKE CITY-- Gas prices are going down in Utah, just as they are in 30 other states. AAA reports Tuesday that the average price of gas in Utah is $3.75 per gallon. Prices in Ogden and Salt Lake City are the lowest in the state at $3.71 per gallon, while prices in Moab and St. George are the highest at $3.86 per gallon.
KANSAS CITY, Mo.-- Belfonte Ice Cream is recalling two types of ice cream that contain peanut butter because of the potential of salmonella contamination. The ice cream was sold between April 2010 and October 2012 in retail and convenience stores in Missouri, Kansas, Oklahoma and Arkansas.
NASHVILLE, Tenn.-- Tennessee's tax collections have shown marginal growth in the second month of the budget year. Sales tax collections were $2.2 million less than the estimate for September, where combined franchise and excise taxes were $54.9 million above the budgeted estimate of $254.2 million.
LAS VEGAS-- Nevada's average gas price is $3.93 per gallon after northern city prices shot up in line with California and southern cities trailed far behind. AAA says Tuesday that some northern Nevada metropolitan areas supplied by California saw their fuel prices jump 24 cents in a single week.
FRANKLIN LAKES, N.J.-- Medical device maker Becton Dickinson& Co. says Chief Financial Officer David Elkins is leaving for another job, and named one of its executives as a temporary CFO while it searches for a replacement. Elkins, 44, has been with the Franklin Lakes, N.J., company since 2008. He will leave after Becton Dickinson reports financial results on Nov. 7.
Greenpeace said two other protesters were still hiding at another plant on the eastern coast. Fifty others scaled the outer fences of the Forsmark reactor site, Greenpeace said. "We still have two guys at the Forsmark site who have not been found," Greenpeace spokeswoman Birgitte Lesanner said. "
The Ohio Casino Control Commission reported Tuesday that combined wagers in September at casinos in Cleveland and Toledo were $331.8 million, down 5 percent from August's $349.6 million. Wagers dropped 9 percent in September at the Toledo casino to $152.9 million and dipped 1.5 percent in Cleveland to $178.7 million.
ST. PAUL, Minn.-- Minnesota's corn and soybean harvests are advancing well ahead of last year's pace as well as the five-year averages. In its weekly crop progress report, the U.S. Department of Agriculture said Tuesday that 95 percent of Minnesota's soybean crop was harvested by Sunday, compared with 69 percent last year and a 55 percent average.
Stocks are under pressure due to a forecast from the International Monetary Fund on Tuesday, which said that the global economy continues to weaken and that the recession in Europe could extend to developing nations. Shares of Alcoa are lower Wednesday after the aluminum maker cut its demand expectations for the year, largely because of a slowdown in China.
ROME-- Italian Premier Mario Monti's government has announced a cut in income taxes for low wage earners, an unexpected move aimed at easing the pain of austerity measures being enforced to reduce public debt.
LONDON-- British defense contractor BAE Systems PLC and its European counterpart EADS NV on Wednesday abandoned a proposed merger that would have created a global defense and aerospace giant.
TOKYO-- Toshiba Corp. is raising its stake in U.S. nuclear power unit Westinghouse Electric despite uncertainty about the future of the technology in Japan after the nuclear disaster in Fukushima.
HOUSTON-- An airline passenger who says she's a law school student from Mexico has been arrested in a Texas heroin smuggling case. Federal prosecutors in Houston on Tuesday announced the arrest of 21- year-old Yessica Chanel Cabanillas-Torres, who remains in custody pending a detention hearing.
BETHESDA, Md.-- Room rates continued to climb during Host Hotels& Resorts' third quarter and occupancy improved as the lodging real estate investment trust's funds from operations climbed 12 percent. Funds from operations rose to $127 million, or 17 cents per share, for the period ended Sept. 7.
BEIJING-- China's auto sales shrank in September as a territorial dispute with Tokyo prompted buyers to avoid Japanese brands, hurting already weakening demand. In September, sales of Japanese vehicles plunged as the dispute between Beijing and Tokyo over a group of uninhabited islands in the East China Sea prompted buyers to avoid Japanese showrooms.
WASHINGTON-- Car owners whose air bags have been replaced in the past three years may have had dangerous counterfeit bags installed, the Obama administration warned Wednesday.
Danaher Corp. and Cooper Industries said Wednesday that they will sell a tool making business they created two years ago as a joint venture for about $1.6 billion to private equity firm Bain Capital.