Latest Business News Wires - Business Headlines


  • *Locked out Minnesota Orchestra cancels concerts Monday, 1 Oct 2012 | 12:55 AM ET
  • *John Lennon drawings coming to NYC gallery Monday, 1 Oct 2012 | 12:54 AM ET
  • McCartney's "everyday" show: gilded venue, celebs Monday, 1 Oct 2012 | 12:52 AM ET

    That's how Stella McCartney, backstage, describes her fresh, optimistic and relaxed spring-summer outing.

  • Kentucky spreads word about offer of tax amnesty Monday, 1 Oct 2012 | 12:52 AM ET

    FRANKFORT, Ky.-- Kentucky could generate more than $60 million through an amnesty offer that allows delinquent taxpayers to avoid financial penalties and prosecution if they pay up within the next two months. Kentucky has a list of nearly 170,000 people and businesses behind on their tax payments.

  • Amex paying $112.5M in late-fee settlements Monday, 1 Oct 2012 | 12:51 AM ET

    WASHINGTON-- American Express Co. is paying $112.5 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services. American Express is refunding $85 million to about 250,000 customers and is paying $27.5 million in civil fines.

  • Chicago locks in 2 major trade shows at McCormick Monday, 1 Oct 2012 | 12:51 AM ET

    CHICAGO-- Two major trade shows have extended their commitments to Chicago's mammoth McCormick Place.

  • Ryder Cup final-day TV ratings best since 1999 Monday, 1 Oct 2012 | 12:50 AM ET

    NEW YORK-- The Ryder Cup's final day has drawn its highest preliminary television rating since the last big comeback 13 years ago. Sunday's coverage on NBC earned a 4.1 overnight rating and 9 share. NBC is controlled by Comcast Corp..

  • Boardwalk Pipeline JV buys PL Midstream for $625M Monday, 1 Oct 2012 | 12:39 AM ET

    HOUSTON-- Boardwalk Pipeline Partners LP said Monday that Boardwalk Acquisition Co., a joint venture with an affiliate of its general partner, completed its acquisition of PL Midstream LLC from PL Logistics LLC for about $625 million.

  • US: $100M scam suspect in Ohio is Harvard Law grad Monday, 1 Oct 2012 | 12:39 AM ET

    CLEVELAND-- A former fugitive suspected of running a $100 million cross-country scam collecting donations for Navy veterans has been identified as a Harvard- trained attorney wanted on unrelated fraud charges since 1987, authorities said Monday.

  • Bernanke makes strong defense of Fed rate policies Monday, 1 Oct 2012 | 12:30 AM ET

    WASHINGTON-- Chairman Ben Bernanke offered a wide-ranging defense Monday of the Federal Reserve's aggressive policies to stimulate the still-weak economy. The Fed needs to drive down long-term borrowing rates because the economy isn't growing fast enough to reduce high unemployment, Bernanke said in a speech to the Economic Club of Indiana.

  • West Virginia tax revenues rebound in Sept. Monday, 1 Oct 2012 | 12:28 AM ET

    CHARLESTON, W.Va.-- West Virginia's monthly tax collections have exceeded their estimate for the first time since the budget year began in July. September's general revenues topped $400 million, or nearly $12 million more than expected. West Virginia expected $993 million in general revenue by this point in the budget year.

  • Russia pushes Facebook to open research center Monday, 1 Oct 2012 | 12:28 AM ET

    MOSCOW-- Facebook head Mark Zuckerberg was in Moscow on Monday, where top officials were pressing him to expand the company's operations in Russia. A Facebook spokeswoman, who refused to be named because she wasn't authorized to discuss the matter with the media, said the company has no immediate expansion plans for Russia.

  • SAP closes $4.51 billion Ariba acquisition Monday, 1 Oct 2012 | 12:23 AM ET

    NEW YORK-- German business software maker SAP AG said Monday that it has closed its $4.51 billion acquisition of Ariba Inc., a maker of Web-based software that connects suppliers and buyers online.

  • News Summary: Xstrata board OKs Glencore merger Monday, 1 Oct 2012 | 12:18 AM ET

    PAY DIRT: The board of Anglo-Swiss mining company Xstrata PLC is recommending shareholders accept merger terms with Swiss commodities trader Glencore PLC _ a deal that would create an industry behemoth with revenues around $175 billion. KING COAL: Xstrata is the world's biggest exporter of thermal coal and also produces copper, nickel and zinc.

  • US fines British Airways $250,000 over fare claims Monday, 1 Oct 2012 | 12:16 AM ET

    WASHINGTON-- The U.S. Federal Aviation Administration is fining British Airways up to $250,000 for advertising fares that didn't fully disclose taxes and fees that passengers must pay.

  • Brown vetoes Calif. domestic workers rights bill Monday, 1 Oct 2012 | 12:11 AM ET

    Jerry Brown on Sunday announced that he had vetoed legislation that would have provided overtime pay, meal breaks and other labor protections to an estimated 200,000 caregivers, nannies and house cleaners in California.

  • High court begins new term with human rights case Monday, 1 Oct 2012 | 12:09 AM ET

    WASHINGTON-- The Supreme Court opened its new term Monday with a high-stakes dispute between businesses and human rights groups over accountability for foreign atrocities.

  • Suit Against Ex-Countrywide CEO to Be Held in Florida Thursday, 30 Apr 2009 | 5:46 PM ET

    A federal court has ruled that Florida's lawsuit against the former chief executive of Countrywide Financial should be tried in state court.

  • Orman: Why a Roth IRA Is Not a Roth 401(k) Tuesday, 28 Apr 2009 | 1:40 PM ET

    I am loving connecting with thousands of you via Twitter. But what I am not loving is my growing sense that a lot of you are getting lousy financial advice.

  • Angry Words Fly at Citigroup Shareholders Meeting Tuesday, 21 Apr 2009 | 3:40 PM ET
    Citigroup Center

    The anger was evident at Citigroup's annual meeting, where all nominated directors were elected but shareholders took turns at the microphone to object to how the bank has been operating.