Latest Business News Wires - Business Headlines


  • Ruling upholding Kan. cap on damages called unjust Friday, 5 Oct 2012 | 2:59 PM ET

    TOPEKA, Kan.-- An attorney for a Kansas woman who challenged a limit on damages for pain and suffering in lawsuits says a state Supreme Court ruling against his client is unjust. Kansas law limits damages for non-economic losses such as pain and suffering to $250,000 in personal injury lawsuits.

  • Job trends key to presidents seeking re-election Friday, 5 Oct 2012 | 2:52 PM ET
  • US probes Honda Pilots, Odysseys that roll away Friday, 5 Oct 2012 | 2:51 PM ET

    DETROIT-- U.S. safety regulators are investigating complaints that Honda Odyssey minivans and Pilot SUVs can roll away after drivers remove the ignition key. The probe by the National Highway Traffic Safety Administration affects more than 577,000 older-model vehicles, which were big sellers with families because of their space and reputation for quality.

  • Informatica edges higher following Thursday plunge Friday, 5 Oct 2012 | 2:48 PM ET

    NEW YORK-- Shares of business software maker Informatica Corp. made a small rebound Friday after losing more than 20 percent of their value a day earlier following the company's disappointing third-quarter forecast. THE SPARK: On Thursday, Informatica forecast a smaller profit and less revenue than analysts had expected.

  • Medicines Co. dips after company ends drug study Friday, 5 Oct 2012 | 2:44 PM ET

    NEW YORK-- Shares of The Medicines Co. slumped Friday after the company said it was ending development of a drug designed to reduce bleeding during surgery because of safety concerns. THE SPARK: After the market closed on Thursday, Medicines Co. said it was ending development of MDCO-2010 because of "serious unexpected patient safety issues."

  • BP protester says police retaliating over lawsuit Friday, 5 Oct 2012 | 2:42 PM ET

    JACKSON, Miss.-- A woman suing a south Mississippi city for her arrest while protesting the BP oil spill has filed a new complaint that claims she was arrested again for no reason in retaliation for the lawsuit. Sandra Howard sued the city of Long Beach and officers Shawn Johnson and Melissa Peterson on Nov. 18, 2011.

  • Nigeria: Sabotaged phone lines worsen crisis Friday, 5 Oct 2012 | 2:37 PM ET

    MAIDUGURI, Nigeria-- Sabotaged phone lines prevented students from warning friends and possibly saving their lives in the attack in which 22 college students were killed earlier this week, survivors said Friday. John Bello, a Mubi college student, said Friday that only one mobile phone network was working in the town and that it was congested.

  • ESPN to stream KHL games online during NHL lockout Friday, 5 Oct 2012 | 2:33 PM ET

    BRISTOL, Conn.-- ESPN will stream Kontinental Hockey League games online as NHL stars play overseas during the lockout. NHL players in the Russian-based league include Alex Ovechkin, Ilya Kovalchuk and Evgeni Malkin.

  • *Boston man named 1st 'Price Is Right' male model Friday, 5 Oct 2012 | 2:31 PM ET
  • Earnings schedule for week of 10/18/2012 Friday, 5 Oct 2012 | 2:30 PM ET

    Alcoa Inc. reports quarterly financial results. Yum Brands Inc. reports quarterly financial results. Safeway Inc. reports quarterly financial results.

  • Meryl Streep donates $1M to The Public Theater Friday, 5 Oct 2012 | 2:29 PM ET

    NEW YORK-- Meryl Streep has donated $1 million to The Public Theater in honor of both its late founder, Joseph Papp, and her friend, the author Nora Ephron. The announcement was timed to Thursday's unveiling of the nonprofit's $40 million face-lift to its 158- year-old headquarters in Astor Place.

  • THE RACE: Jobs news may help Obama regain footing Friday, 5 Oct 2012 | 2:28 PM ET

    And the 7.8 percent September unemployment rate, down from 8.1 percent in August, was clearly welcome to President Barack Obama. That was so for both Presidents Franklin D. Roosevelt and Ronald Reagan. For Reagan, unemployment peaked at 10.8 percent in November and December 1982.

  • AdWatch: Romney pitches 12 million jobs in new ad Friday, 5 Oct 2012 | 2:25 PM ET

    KEY IMAGES: The ad shows GOP presidential candidate Mitt Romney getting behind the wheel of an SUV, then cuts to Romney standing and speaking into the camera. Text on the screen says: " Mitt Romney in his own words" and he says: "Let me tell you how I will create 12 million jobs when President Obama couldn't.

  • *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.