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Latest Business News Wires - Business Headlines


  • Mercedes sales hit new September record Thursday, 4 Oct 2012 | 8:11 AM ET

    BERLIN-- Daimler AG says its main Mercedes-Benz brand saw global sales grow 2 percent in year-on-year terms in September as growth in the U.S. and Asia offset a decline in western Europe. Sales in the Asia-Pacific region were up 7.8 percent to 30,992, led by growth of 18 percent in Japan and 10 percent in China.

  • Review: 'Resident Evil 6' stumbles brainlessly Thursday, 4 Oct 2012 | 8:10 AM ET

    "Resident Evil" is a zombie. Once one of the most respected and beloved video-game franchises, it's now a shell of its former self.

  • A phone home: NY teens pay valets to store devices Thursday, 4 Oct 2012 | 8:04 AM ET

    NEW YORK-- Thousands of teenagers who can't take their cellphones to school have another option, courtesy of a burgeoning industry of sorts in always-enterprising New York City: paying a dollar a day to leave it in a truck that's parked nearby.

  • Facebook tops 1 billion users Thursday, 4 Oct 2012 | 8:00 AM ET

    NEW YORK-- Facebook has topped 1 billion users, but the past few months have not been easy. Zuckerberg updated his Facebook status on Thursday to announce that the social networking site has more than 1 billion active users each month. He thanked users and said that he is committed to making Facebook better.

  • ECB's leaves key interest rate at 0.75 percent Thursday, 4 Oct 2012 | 7:57 AM ET

    FRANKFURT, Germany-- The European Central Bank has left its key interest rate unchanged at a record low of 0.75 percent, holding off on providing further stimulus to the lagging economies of the 17 countries that use the euro currency. The Bank of England also kept its key interest rate unchanged at a record low 0.5 percent.

  • *Poland sells CO2 emission rights to Spain Thursday, 4 Oct 2012 | 7:55 AM ET
  • Buckle's key revenue figure falls in September Thursday, 4 Oct 2012 | 7:41 AM ET

    KEARNEY, Neb.-- Buckle's September revenue at stores open at least a year dipped 0.8 percent, missing Wall Street's expectations. Analysts predicted a 1 percent increase in the figure, according to a Thomson Reuters poll. Buckle Inc., a teen retailer, said Thursday that total revenue for the five weeks ended Sept. 29 climbed 0.8 percent to $99.1 million.

  • Bank of England holds key rate at 0.5 percent Thursday, 4 Oct 2012 | 7:09 AM ET

    LONDON-- The Bank of England has held its key lending rate at the all-time low of 0.5 percent for the 44th month and decided not to increase its economic stimulus program of bond purchases. Thursday's announcement by the Bank's Monetary Policy Committee was widely expected.

  • Report says EU nuclear plants need better safety Thursday, 4 Oct 2012 | 7:02 AM ET

    BRUSSELS-- EU Energy Commissioner Guenther Oettinger said Thursday the cost of necessary improvements at the 145 nuclear reactors in the European Union could be as high as 25 billion over the coming years.

  • *Berry Plastics prices IPO at low end of range Thursday, 4 Oct 2012 | 7:01 AM ET
  • Iran police on watch after currency protests Thursday, 4 Oct 2012 | 6:54 AM ET

    TEHRAN, Iran-- Iran deployed riot police at key Tehran intersections on Thursday, after tensions flared over the nation's plunging currency in the most widespread display of anger linked to the country's sanctions-hit economy.

  • ECB's Draghi to face questions on bond-buying plan Thursday, 4 Oct 2012 | 6:42 AM ET

    FRANKFURT, Germany-- The European Central Bank President Mario Draghi will likely face questions about a new bond-buying plan Thursday, when he holds a press conference after a monthly policy meeting.

  • *Costco key revenue metric up 6 pct. in September Thursday, 4 Oct 2012 | 6:34 AM ET
  • UK cycling glory drives boost in bike sales Thursday, 4 Oct 2012 | 6:25 AM ET

    Halfords Group PLC, which sells transport and leisure accessories, said bike sales have surged since Bradley Wiggins in July became the first Briton to win the Tour de France and Chris Hoy and Victoria Pendleton helped the country win multiple gold medals at the Olympics.

  • Markets subdued ahead of Draghi briefing Thursday, 4 Oct 2012 | 6:01 AM ET

    LONDON-- Financial markets remained subdued Thursday in the run-up to the monthly policy meeting of the European Central Bank and another round of U.S. economic data. "Investors will be meticulously analyzing any indications... as to whether Spain is actually any closer to requesting a bailout," said Shavaz Dhalla, financial trader at Spreadex.

  • Transport strikes in Portugal herald new protests Thursday, 4 Oct 2012 | 5:48 AM ET

    LISBON, Portugal-- Transport strikes in Portugal brought misery for thousands of commuters Thursday, and trade unions vowed to step up their fight against the government's latest batch of austerity measures. Portugal is in a deep recession, with record unemployment of 15.9 percent.

  • Interest rates down in Spanish debt sale Thursday, 4 Oct 2012 | 5:42 AM ET

    MADRID-- Spain's Treasury has sold 3.99 billion in medium term debt at mostly lower interest rates as investors wait for the government to decide whether it will seek a financial bailout. The Treasury auctioned off 710 million in five-year bonds Thursday on an average interest rate of 4.76 percent, down from 6.45 percent in the last such auction July 19.

  • World food prices tick upward Thursday, 4 Oct 2012 | 5:34 AM ET

    ROME-- A U.N. agency says international food prices ticked upward in September after two months of stability. International wheat prices fell toward the second half of the month following Russia's announcement that it would not impose restrictions on exports.

  • China billionaire offers $847M for copper miner Thursday, 4 Oct 2012 | 5:16 AM ET

    SYDNEY-- A Chinese billionaire has made an Australian dollars 830 million takeover offer for Botswana copper miner Discovery Metals Ltd..

  • Hollande to meet with Monti, Rajoy in Malta Thursday, 4 Oct 2012 | 5:03 AM ET

    ROME-- Officials say the leaders of France, Italy and Spain will hold a meeting in Malta that is likely to be dominated by economic issues related to Europe's debt crisis.