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Latest Business News Wires - Business Headlines


  • *Reporter slain in Syria honored with rights award Friday, 5 Oct 2012 | 2:25 PM ET
  • Alcoa's third-quarter profit expected to fall Friday, 5 Oct 2012 | 2:24 PM ET

    NEW YORK-- Aluminum manufacturer Alcoa Inc. will open what's expected to be a disappointing earnings season when it reports third-quarter results Tuesday after the markets close. WHAT TO WATCH FOR: Alcoa produces aluminum for a wide range of businesses, from automobiles to appliance makers and energy companies.

  • New Russian TV pressure on opposition forces Friday, 5 Oct 2012 | 2:24 PM ET

    "Anatomy of a Protest 2," a documentary on NTV that aired Friday, showed what it said was hidden camera footage suggesting Left Front leader Sergey Udaltsov met with a representative of former Bank of Moscow owner Andrei Borodin to discuss raising $200 million for protests against President Vladimir Putin.

  • Review: Apple's maps app lets you follow the voice Friday, 5 Oct 2012 | 2:13 PM ET

    Although it's not flawless or as good as Google's maps app on Android phones, Apple's new offering on the iPhone got me where I needed to go _ for the most part. I've used Google's Android app since it was released three years ago.

  • US releases estimate of Utica Shale reserves Friday, 5 Oct 2012 | 1:59 PM ET

    Drilling companies beginning to explore the Utica Shale got a piece of good news Friday when the U.S. Geological Survey estimated the rock formation in Ohio, Pennsylvania and other states holds enormous reserves of natural gas and oil.

  • Tunneling through the Andes to speed global trade Friday, 5 Oct 2012 | 1:52 PM ET

    BUENOS AIRES, Argentina-- South American engineers are trying to tackle one of the continent's greatest natural challenges: the towering Andes mountain chain that creates a costly physical barrier for nations ever-more-dependent on trade with Asia.

  • VeriFone rises as analyst says it's on right path Friday, 5 Oct 2012 | 1:50 PM ET

    NEW YORK-- VeriFone's stock climbed more than 7 percent on Friday as an analyst said that the electronic payment company seems to be on the right path toward improving its share price. THE SPARK: VeriFone's shares are down 20 percent for the year-to-date and have declined 15 percent over the past month.

  • Dollar mixed after US jobs report Friday, 5 Oct 2012 | 1:49 PM ET

    The Labor Department says that the unemployment rate fell to 7.8 percent in September, down from 8.1 percent in August. The euro rose to $1.3025 in late trading Friday from $1.3018 late Thursday. The British pound fell to $1.6140 from $1.6185.

  • AA's Eagle airline in deal with maintenance crews Friday, 5 Oct 2012 | 1:44 PM ET

    FORT WORTH, Texas-- Maintenance workers at American Eagle will vote on a contract agreement reached with the American Airlines affiliate. The Transport Workers Union said Friday that 1,300 maintenance workers and 10 ground instructors will vote for the next two weeks, with results announced by Oct. 19.

  • Calif. jump pushes gas prices over Hawaii's Friday, 5 Oct 2012 | 1:43 PM ET

    HONOLULU-- A 20- cent jump overnight in California gas prices has put the state ahead of Hawaii for the nation's most expensive gas. In California, prices have jumped 40 cents in a week as refinery problems created shortages.

  • Governor unveils his new energy policy for Conn. Friday, 5 Oct 2012 | 1:38 PM ET

    Malloy, who rolled out the new policy in a speech in Cromwell to Connecticut's largest business group, tied together the environment, energy and the economy. Policy makers can make Connecticut more competitive for business by cutting the cost of electricity for homes and businesses, he said.

  • US drops 11 to 1,837 rigs exploring for oil, gas Friday, 5 Oct 2012 | 1:34 PM ET

    Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,398 rigs were exploring for oil and 437 were searching for gas. Of the major oil- and gas-producing states, Texas lost 10 rigs, Louisiana and North Dakota each dropped by three and Alaska and Oklahoma were down two apiece.

  • Deere-Hitachi NC excavator plant to add 340 jobs Friday, 5 Oct 2012 | 1:33 PM ET

    KERNERSVILLE, N.C.-- A partnership between two behemoth builders of excavating machinery said Friday it plans to add 340 jobs at a North Carolina plant in return for incentives of more than $5 million while promising salaries below the local average.

  • CBO tallies 2012 deficit at $1.1T Friday, 5 Oct 2012 | 1:31 PM ET

    WASHINGTON-- A new estimate puts the deficit for the just-completed 2012 budget year at $1.1 trillion, the fourth straight year of trillion dollar deficits on President Barack Obama's watch.

  • Report: Va. poultry an $8 billion industry Friday, 5 Oct 2012 | 1:30 PM ET

    RICHMOND, Va.-- Virginia's poultry industry provides nearly 14,000 jobs and has an economic impact totaling more than $8 billion, according to a study released Friday. The report found that the poultry and egg industries in Virginia provide 13,480 direct jobs and indirectly contribute to a total of 41,710 jobs.

  • Parker Hannifin to buy Velcon Filters Friday, 5 Oct 2012 | 1:27 PM ET

    CLEVELAND-- Parker Hannifin Corp. said Friday that it is buying Velcon Filters LLC from a private equity firm for an undisclosed price. Velcon, based in Colorado Springs, Colo., is owned by The Sterling Group LP and has approximately 300 employees globally.

  • Hitachi subsidiary to bring jobs to Colorado Friday, 5 Oct 2012 | 1:25 PM ET

    DENVER-- A subsidiary of Hitachi Ltd. will open a research and development center in suburban Denver in a move expected to create hundreds of new jobs during the next five years, it was announced Friday.

  • NXP Semi inadvertently re-releases Sept. guidance Friday, 5 Oct 2012 | 1:17 PM ET

    NEW YORK-- Dutch chip maker NXP Semiconductors on Friday inadvertently re-released a statement narrowing its third-quarter adjusted earnings and revenue forecasts. The company originally said on Sept. 13 that it anticipates adjusted earnings between 53 cents and 59 cents per share. Its prior guidance, issued July 24, was for 50 cents to 62 cents per share.

  • Dismissal of Neb. securities fraud lawsuit upheld Friday, 5 Oct 2012 | 1:09 PM ET

    OMAHA, Neb.-- The Nebraska Supreme Court on Friday upheld the dismissal of a lawsuit brought by an Omaha man convicted of investment fraud against his former business attorney. On Friday, the Nebraska Supreme Court agreed and upheld the dismissal.

  • Tessera board gives CEO incentive for spin-off Friday, 5 Oct 2012 | 1:04 PM ET

    SAN JOSE, Calif.-- Tessera Technologies Inc., which licenses miniaturization technology for electronic devices, says that it will give its CEO options to buy 550,000 shares of its stock if the company successfully spins off one of its business segments.