Latest Business News Wires - Business Headlines


  • Labor standoffs silence orchestras in Minn., Ind. Wednesday, 3 Oct 2012 | 8:57 AM ET

    MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians based outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the performers' average salary by $46,000 a year.

  • Ahead of the Bell: Best Buy rises Wednesday, 3 Oct 2012 | 8:54 AM ET

    NEW YORK-- Best Buy Co.' s shares ticked higher in premarket trading after a report said its founder and former chairman Richard Schulze is making some headway with his potential buyout offer of the electronics retailer.

  • Carlyle Group acquires 55 pct stake in Vermillion Wednesday, 3 Oct 2012 | 8:54 AM ET

    WASHINGTON-- The Carlyle Group said Wednesday that it has agreed to buy a 55 percent stake in Vermillion Asset Management. The units will be exchangeable one-for-one on a private placement basis for Carlyle Group common units, the company said. Carlyle Group shares closed at $25.64 per share on Tuesday.

  • South Africa to host $8.5M golf event in 2013 Wednesday, 3 Oct 2012 | 8:54 AM ET

    JOHANNESBURG-- South Africa will host the second richest tournament in golf in 2013, but it won't have the World Golf Championship status initially promised by the country's national tour. Organizers say the Tournament of Hope, with total prize money of $8.5 million, will be staged in South Africa for 10 years.

  • Illegal immigrant in Fla. fights for law license Wednesday, 3 Oct 2012 | 8:53 AM ET

    TALLAHASSEE, Fla.-- A Florida man's bid to become the first illegal immigrant to obtain a law license in the United States met skepticism Tuesday from most of the state's Supreme Court justices. He graduated from New College in Florida, earned a law degree from Florida State University and passed the state bar exam last year.

  • *Lawsuit filed over California gay teen therapy law Wednesday, 3 Oct 2012 | 8:52 AM ET
  • *Japan's NHK, Canada's CBC win Int'l Emmys for news Wednesday, 3 Oct 2012 | 8:50 AM ET
  • *US govt to buy prison in Illinois Wednesday, 3 Oct 2012 | 8:49 AM ET
  • Obama in first visit to Hoover Dam: 'Spectacular' Wednesday, 3 Oct 2012 | 8:47 AM ET

    BOULDER CITY, Nev.-- Taking a break from debate prep, President Barack Obama made an unexpected stop Tuesday at the Hoover Dam, his first visit to a tourist spot considered one of the world's great engineering feats. The president has retreated to a desert resort in Nevada for three days of preparation for his debate Wednesday against Republican rival Mitt Romney.

  • Spain: 'bad bank' to be 55 pct privately owned Wednesday, 3 Oct 2012 | 8:36 AM ET

    MADRID-- Spain's Economy Minister Luis de Guindos says a `bad bank' being set up to allow lenders to offload bad investments will be 55 percent privately owned. De Guindos defended Spain's banks, saying an audit last week showed "70 percent of the financial sector is in condition to handle a severely stressed situation."

  • Survey: US businesses added 162K jobs in September Wednesday, 3 Oct 2012 | 8:31 AM ET

    WASHINGTON-- A private survey shows that U.S. businesses added fewer workers in September than August, a sign that slow growth may be holding back hiring. Payroll processor ADP said Wednesday that companies added 162,000 jobs last month.

  • Key revenue metric falls 8.7 pct. at Bebe in 1Q Wednesday, 3 Oct 2012 | 8:27 AM ET

    BRISBANE, Calif.-- Women's clothing company Bebe says revenue at stores open at least a year fell 8.7 percent in its most recent quarter, which included the key back-to-school shopping season.

  • Blasts destroy house in eastern Lebanon Wednesday, 3 Oct 2012 | 8:24 AM ET

    BEIRUT-- A senior Lebanese security official says at least three explosions have ripped through a house in a Hezbollah stronghold in eastern Lebanon. The official says the cause of Wednesday's blasts near the city of Baalbek was not immediately clear, and that there were no reports of any casualties. Baalbek is located in the Bekaa Valley in eastern Lebanon.

  • Ahead of the Bell: Titan Machinery Wednesday, 3 Oct 2012 | 8:16 AM ET

    NEW YORK-- A Baird analyst on Wednesday reaffirmed his "Buy" rating for Titan Machinery Inc., saying that while the third quarter could prove to be tough, he's confident that the company is on track to meet its long-term profit expectations.

  • UK government ditches rail contract Wednesday, 3 Oct 2012 | 8:11 AM ET

    LONDON-- The British government's rail policy was thrown into chaos Wednesday after it canceled a disputed contract to run one of the country's busiest lines following the discovery of "unacceptable mistakes" in the way it awarded the franchise.

  • Iran tightens measures to stem currency fall Wednesday, 3 Oct 2012 | 8:04 AM ET

    TEHRAN, Iran-- Police threatened merchants who closed their shops in Tehran's main bazaar and launched crackdowns on sidewalk money changers on Wednesday as part of a push to halt the plunge of Iran's currency, which has shed more than a third its value in less than a week.

  • US stock futures subdued ahead of ADP report Wednesday, 3 Oct 2012 | 8:03 AM ET

    NEW YORK-- U.S. stock futures are up slightly as investors await a run of economic reports and after Spain's prime minister indicated his cash-strapped country would not request a bailout imminently. Dow futures are up 2 points to 13,413. The broader S&P 500 futures are up less than a point to 1,441. Nasdaq futures are up 3 points at 2,799..

  • Nokia to sell HQ in Finland but no plans to move Wednesday, 3 Oct 2012 | 8:03 AM ET

    HELSINKI-- Nokia Corp. says it plans to sell its headquarters in Finland as part of a cost-cutting program. Spokeswoman Maija Taimi says selling the glass and steel structure known as "Nokia House" near Helsinki is one of the options the struggling cellphone maker is considering as it disposes of noncore real estate holdings.

  • *Family Dollar 4Q net income, revenue climbs Wednesday, 3 Oct 2012 | 7:57 AM ET
  • Lithuania hits Gazprom with $1.9 billion claim Wednesday, 3 Oct 2012 | 7:32 AM ET

    VILNIUS, Lithuania-- Lithuania's government said Wednesday it planned to file a 1.45 billion claim against Russia's Gazprom, alleging that the world's largest natural gas company has hiked prices unfairly.