Latest Business News Wires - Business Headlines


  • Telefonica sells call center unit to Bain Capital Friday, 12 Oct 2012 | 10:15 AM ET

    MADRID-- Spanish telecommunications company Telefonica has agreed to sell its call center business Atento to private equity group Bain Capital for 1 billion to lower debt. Telefonica SA is trying to reduce its debts worth 58 billion through the sale of non-essential businesses.

  • US stocks higher as inflation remains tame Friday, 12 Oct 2012 | 10:15 AM ET

    Stocks rose on Friday after a government report showed that inflation was tame in September, which will leave consumers with more money to spend if the trend holds up. The Labor Department said Friday that wholesale prices rose 1.1 percent in September. This week saw mixed results from U.S. corporations like Alcoa, Safeway and Yum Brands.

  • *Ex-owner of Lexington company sent to prison Friday, 12 Oct 2012 | 10:10 AM ET
  • Workday skyrockets in 1st day trading on NYSE Friday, 12 Oct 2012 | 10:09 AM ET

    NEW YORK-- Shares of Workday rocketed higher Friday in their first day of trading on the New York Stock Exchange. That's a bigger bump than the 71 percent first-day gain by casino operator Caesars Entertainment Corp. in February and the 41 percent first-day gain for shares of real estate listing site Trulia Inc. last month.

  • *Democratic governors' group gives Nixon $300,000 Friday, 12 Oct 2012 | 10:08 AM ET
  • More retailers object to credit card settlement Friday, 12 Oct 2012 | 10:08 AM ET

    NEW YORK-- A group of retailers and trade groups has launched a last-ditch effort to stop a settlement worth at least $6 billion that Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers for alleged fee fixing. The proposed settlement, which was disclosed in July, is expected to be submitted to the U.S. District Court in Brooklyn by Oct. 19.

  • Diabetes prevention focus of W.Va. meeting Friday, 12 Oct 2012 | 10:07 AM ET

    CHARLESTON, W.Va.-- Federal health officials on Thursday urged a renewed focus on diabetes prevention efforts in West Virginia, where more than one in 10 adults has the disease. The Appalachian Regional Commission sponsored a roundtable discussion attended by health professionals and representatives of state and other agencies.

  • Barr fundraising outpaces Chandler's since July 1 Friday, 12 Oct 2012 | 10:06 AM ET

    Ben Chandler appeared Thursday to be losing momentum on fundraising, banking some $300,000 less than his Republican challenger since July 1 in Kentucky's 6th District. Chandler's third-quarter campaign finance report filed Thursday afternoon with the Federal Election Commission shows he raised $500,000 for the quarter.

  • EU detractors slam Nobel Peace Prize decision Friday, 12 Oct 2012 | 9:58 AM ET

    Set up with noble goals after the devastation of World War II, the EU to critics now appears impotent amid a debt crisis that has widened north-south divisions, threatened the euro currency and plunged several members, from Greece to Ireland to Spain, into economic turmoil.

  • NHL, union talk again _ but not about money Friday, 12 Oct 2012 | 9:53 AM ET

    NEW YORK-- Manny Malhotra is spending his days in the boardroom instead of on the ice in North America or Europe. The Vancouver Canucks forward is craving the normalcy of his hockey life, but these days he finds himself in a suit and getting familiar hellos from hotel staffs and airport employees as he travels to and from New York for negotiations.

  • News Summary: US wholesale prices rise 1.1 percent Friday, 12 Oct 2012 | 9:52 AM ET

    WHOLESALE PRICES UP: Wholesale prices rose 1.1 percent in in September, its second consecutive big gain on sharp rises in gasoline costs. THE BACKGROUND: The latest rise reported Friday by the Labor Department followed a 1.7 percent gain in August which had been the largest one-month increase in more than three years.

  • Stocks mostly higher on Wall Street; Wells sinks Friday, 12 Oct 2012 | 9:45 AM ET

    Stocks are opening mostly slightly higher on Wall Street, but the market is still headed for its worst week since early June. Wal-Mart Stores was the biggest gainer in the Dow following an analyst upgrade, up 73 cents at $75.74. Wells Fargo fell 4 percent, giving up $1.38 to $33.80, after its revenue fell short of what analysts were expecting.

  • 3 Russians injured in attack on Moscow gay club Friday, 12 Oct 2012 | 9:44 AM ET

    Russia has no legislation specifically defining hate crimes against any group, and three cities, including St. Petersburg, have recently passed laws laws imposing fines of up to $150,000 for providing minors with information on homosexuality, which the laws term "homosexual propaganda."

  • Armstrong foundation fighting for future Friday, 12 Oct 2012 | 9:42 AM ET

    AUSTIN, Texas-- Lance Armstrong can never ride again in the world's top cycling races. His cancer-fighting foundation, however, plans to plunge ahead, despite the sanctions laid on Armstrong by the U.S. Anti-Doping Agency and its blistering report that portrays the cyclist as cheating his way through seven Tour de France victories.

  • Man arrested at LAX with weapons to be in court Friday, 12 Oct 2012 | 9:41 AM ET

    LOS ANGELES-- A man arrested at Los Angeles International Airport after authorities found he was carrying a suitcase full of weapons could find out Friday whether he will remain behind bars or be freed. Harris was arrested last week during a stopover trip from Japan on his way to Boston.

  • Ryan asked for federal help as he championed cuts Friday, 12 Oct 2012 | 9:40 AM ET

    WASHINGTON-- Republican vice presidential candidate Paul Ryan, a fiscal conservative and critic of federal handouts, has sought for his constituents in Wisconsin an expansion of food stamps, stimulus money, federally guaranteed business loans, grants to invest in green technology and money under President Barack Obama's health care reform law.

  • Judge to sentence Ind. doctor who hid for 5 years Friday, 12 Oct 2012 | 9:39 AM ET

    SOUTH BEND, Ind.-- A federal judge is scheduled to decide how long a former Indiana surgeon captured in Italy after five years on the run will spend in prison after pleading guilty to 22 counts of health care fraud. He was arrested on a mountain in Italy in December 2009, more than five years after he disappeared during a vacation.

  • Decades of Miss Subways smiled on NYC straphangers Friday, 12 Oct 2012 | 9:38 AM ET

    NEW YORK-- It was an ad campaign conceived as eye candy to bring attention to other advertisements in New York's transit system. But the "Meet Miss Subways" beauty contest posters of pretty young New York women and their aspirations quickly evolved into a popular and even groundbreaking fixture that ran for 35 years, from 1941 to 1976..

  • Progressive sets special dividend, names director Friday, 12 Oct 2012 | 9:37 AM ET

    MAYFIELD VILLAGE, OHIO-- Progressive Corp. on Friday declared a special dividend of $1 per share. The special dividend will return about $600 million to shareholders, President and CEO Glenn Renwick said in a statement. The Mayfield Village, Ohio, company also named Jeffrey D. Kelly to fill a vacant seat on its board.

  • FACT CHECK: Slips in vice presidential debate Friday, 12 Oct 2012 | 9:35 AM ET

    WASHINGTON-- Anyone who paid attention to a hearing in Congress this week knew that the administration had been implored to beef up security at the U.S. Consulate in Libya before the deadly terrorist attack there. But in the vice presidential debate Thursday night, Joe Biden seemed unaware.