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Latest Business News Wires - Business Headlines


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    SAN JUAN, Puerto Rico-- The government of Puerto Rico has formally withdrawn plans to build a natural gas pipeline after investing more than $50 million in a project that provoked strong opposition from islanders and environmentalists.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

  • FDA extends review of Impax Labs Parkinson's drug Friday, 12 Oct 2012 | 11:33 AM ET

    HAYWARD, Calif.-- Impax Laboratories Inc. said Friday that the Food and Drug Administration is extending a review of its Parkinson's disease drug Rytary by three months until Jan. 21. Impax developed Rytary through a partnership with British drugmaker GlaxoSmithKline PLC. Shares of Impax Laboratories rose 2 cents to $26.07 in midday trading Friday.

  • Analysis: VP debate fierce and feisty Friday, 12 Oct 2012 | 11:30 AM ET

    WASHINGTON-- Fierce and focused, Vice President Joe Biden and Republican Paul Ryan gave voters the kind of substantive showdown that was everything the presidential debate was not. "Not a single thing he said is accurate," Biden shot back when Ryan leveled a charge that President Barack Obama was projecting U.S. weakness.

  • Veteran pol expected to prevail in Montenegro vote Friday, 12 Oct 2012 | 11:29 AM ET

    PODGORICA, Montenegro-- A politician who has ruled Montenegro as president, prime minister and behind-the-scenes power broker could end up leading his country again, if the polls about this weekend's election are correct.

  • Fitch lifts some of Cummins ratings Friday, 12 Oct 2012 | 11:28 AM ET

    NEW YORK-- Fitch Ratings is boosting some of its ratings for Cummins, citing the engine maker's improving profitability, financial flexibility and other factors. The ratings agency raised Cummins Inc.' s issuer default rating and its long-term debt ratings one notch in investment-grade status to "A" from "A-."

  • *Niger: Floods kill 91 people, says official Friday, 12 Oct 2012 | 11:26 AM ET
  • Forceful Raddatz draws praise as moderator Friday, 12 Oct 2012 | 11:25 AM ET

    NEW YORK-- ABC's Martha Raddatz took a forceful approach to moderating Thursday's vice presidential debate, winning many positive reviews from instant pundits on social media but some complaints from Republicans.

  • Donald Trump's back with 14 'Apprentice' All-Stars Friday, 12 Oct 2012 | 11:23 AM ET

    NEW YORK-- If at first you don't succeed.... NBC's "The Celebrity Apprentice" is bringing back 13 players fired from past "Apprentice" contests, plus one notable winner, in the first-ever "All-Star Celebrity Apprentice."