Latest Business News Wires - Business Headlines


  • Ahead of the Bell: US economy-services Wednesday, 3 Oct 2012 | 6:29 AM ET

    WASHINGTON-- U.S. service companies, which employ nearly 90 percent of the workforce, likely grew more slowly in September than August. Economists expect the Institute for Supply Management non-manufacturing index dipped to 53.5 in September, from 53.7 in August, according to a survey of economists by FactSet.

  • Markets subdued ahead of raft of US economic data Wednesday, 3 Oct 2012 | 6:15 AM ET

    LONDON-- Markets were subdued Wednesday as investors awaited a run of U.S. economic figures and after Spain's prime minister indicated his cash-strapped country would not request a bailout imminently.

  • Tehran bazaar closed as currency falls Wednesday, 3 Oct 2012 | 6:07 AM ET

    TEHRAN, Iran-- Tehran's main bazaar has been closed as authorities tighten controls trying to halt the fall of Iran's currency after it hit a record low. The semiofficial Mehr news agency says the bazaar _ the traditional commercial hub in Iran's capital _ was closed for security reasons on Wednesday.

  • World stocks fall as US data awaited Wednesday, 3 Oct 2012 | 5:21 AM ET

    The U.S. Labor Department will release employment data for September on Friday. Britain's FTSE 100 fell 0.1 percent to 5,801.45. Germany's DAX was less than 0.1 percent lower at 7,300.12 and France's CAC-40 lost 0.3 percent to 3,404.64.

  • Rioters attack government buildings in Kyrgyzstan Wednesday, 3 Oct 2012 | 4:32 AM ET

    BISHKEK, Kyrgyzstan-- Protesters clashed with police and tried to break into a building housing the parliament and government offices in Kyrgyzstan's capital Wednesday during a rally to demand the resignation of the prime minister and other top officials.

  • Low cost flying arrives in luxury loving Japan Wednesday, 3 Oct 2012 | 4:16 AM ET

    NARITA, Japan-- Japan has a reputation for loving expensive things like overpriced real estate, gourmet melons and luxury brands. Ticket prices are plunging by about half, to 16,000 yen trips to the southwestern resort island of Okinawa or a 5,000 yen hop to Seoul.

  • 24-hour strike paralyzes Belgium train traffic Wednesday, 3 Oct 2012 | 4:08 AM ET

    BRUSSELS-- A 24- hour strike by Belgian rail workers on Wednesday paralyzed train traffic throughout Belgium and the international high-speed service to London and Paris.

  • Tesco H1 profits fall despite rising sales in UK Wednesday, 3 Oct 2012 | 3:56 AM ET

    LONDON-- Tesco PLC, Britain's largest supermarket operator, has reported a 12 percent fall in half yearly pre-tax profit to 1.7 billion pounds, as a downturn in Asia and Europe offset stronger sales in Britain. Group sales were up 1.4 percent to 36 billion pounds in the half-year period, while sales in Britain rose 2.2 percent to 23.9 billion pounds.

  • UK government cancels Virgin Trains decision Wednesday, 3 Oct 2012 | 3:27 AM ET

    The government announced in August that it was awarding a 13- year franchise to run the west coast London- to- Scotland service to Virgin's rival, FirstGroup. Branson, who had at the time questioned whether FirstGroup could meet its financial commitments, on Wednesday praised transport authorities for reconsidering their decision.

  • Hundreds in Kyrgyzstan rally against gold mine Wednesday, 3 Oct 2012 | 3:11 AM ET

    BISHKEK, Kyrgyzstan-- Several hundred people are rallying in the capital of Kyrgyzstan in protest at a major gold miner that has been the source of a series of toxic spills in past years, including a cyanide spill into a river.

  • Japan hopes China friction won't hurt finance ties Wednesday, 3 Oct 2012 | 3:07 AM ET

    TOKYO-- Japan is hoping the recent flare-up in friction with China will not damage the two Asian economic powers' cooperation in international finance, a finance ministry official said Wednesday.

  • Ranchers see increase in grass thefts amid drought Wednesday, 3 Oct 2012 | 3:07 AM ET

    VAUGHN, N.M.-- Petty crime and burglaries aren't unusual in New Mexico's isolated Guadalupe County, but lately Sheriff Michael Lucero has seen thieves steal something a bit unexpected: grass.

  • Rare century-old $5 Alaska bill to be auctioned Wednesday, 3 Oct 2012 | 3:02 AM ET

    ANCHORAGE, Alaska-- The $5 bill displayed for decades on Charles Fairbanks IV's wall was long a treasured family heirloom from Alaska. The rare find is expected to fetch as much as $300,000 at auction this month when a Texas auctioneer plans to put it up for bids in Dallas and online as part of the American Numismatic Association National Money Show.

  • Asian stocks flat as US data awaited Wednesday, 3 Oct 2012 | 1:25 AM ET

    BANGKOK-- Asian stocks flattened out Wednesday as skittish investors waited for a key U.S. jobs report later in the week that will signal whether the world's largest economy is on the mend. The U.S. Labor Department will release employment data for September on Friday.

  • More than 2 million workers strike in Indonesia Wednesday, 3 Oct 2012 | 1:12 AM ET

    JAKARTA, Indonesia-- More than 2 million factory workers went on a one-day strike across Indonesia on Wednesday to demand better benefits and protest the hiring of contract workers, union officials said.

  • High court asked to throw out oil refinery permit Wednesday, 3 Oct 2012 | 12:56 AM ET

    SIOUX FALLS, S.D.-- Opponents of a proposed $10 billion oil refinery are asking the South Dakota Supreme Court to strike down a state permit that would allow the project to be built in the southeastern part of the state.

  • News Summary: US service firms grew in September Wednesday, 3 Oct 2012 | 12:53 AM ET

    SERVICE FIRMS GROW: U.S. service companies grew in September at the fastest pace in 6 months, helped by a sharp increase in customer demand. Service firms employ roughly 90 percent of the work force. THE NUMBERS: The Institute for Supply Management said its non-manufacturing index rose to 55.1 in September, up from 53.7 in August.

  • Spill from Argus Energy site in W.Va. kills fish Wednesday, 3 Oct 2012 | 12:49 AM ET

    CHARLESTON, W.Va.-- State regulators in West Virginia have ordered Argus Energy to repair a water treatment system at a Lincoln County mine site after a blackwater spill killed fish. The Department of Environmental Protection said Wednesday that the fish kill was discovered Tuesday along about a quarter-mile of Copley Trace Branch.

  • Official: France not worried about EADS-BAE merger Wednesday, 3 Oct 2012 | 12:47 AM ET

    PARIS-- A French official says France's government is working out a common position with Germany on the proposed merger between Franco-German aerospace group EADS and Britain's BAE Systems. France and Germany have long fought for an equal say in EADS, which owns plane maker Airbus.

  • Fact sheet: 2013 Ram Wednesday, 3 Oct 2012 | 12:46 AM ET

    2013 Ram 1500 4 X4 SLT Regular Cab Short Wheelbase.