Latest Business News Wires - Business Headlines


  • September Auto Sales: General Motors Tuesday, 2 Oct 2012 | 2:40 PM ET

    DETROIT-- General Motors Co. said Tuesday that its September U.S. sales rose 1.5 percent as a big jump in car sales was offset by falling truck sales. BY THE NUMBERS: Detroit- based GM sold a total of 210,245 vehicles last month, up from 207,145 in the same month last year.

  • German bailout-fatigue might delay aid for Spain Tuesday, 2 Oct 2012 | 2:38 PM ET

    BERLIN-- Germany's government appears to be putting the brakes on any request by Spain for help from its European partners in managing its debts, wary that its lawmakers might balk at having to vote on yet another bailout for a struggling eurozone nation.

  • News Summary: Iran president deflects criticism Tuesday, 2 Oct 2012 | 2:30 PM ET

    UNDER PRESSURE: Iran President Mahmoud Ahmadinejad blamed the steep drop in Iran's currency on "psychological pressures" linked to Western sanctions over Tehran's nuclear program and Iran's increasingly bitter political battles.

  • US Fidelis president gets 8-year prison term Tuesday, 2 Oct 2012 | 2:29 PM ET

    ST. CHARLES, Mo.-- The former president of US Fidelis has been sentenced to eight years in prison on state charges of stealing and fraud. Darain Atkinson was sentenced Monday in St. Charles. The 47- year-old co-founded the auto service contract seller with his 42- year-old brother, Cory Atkinson.

  • CBS claims ratings win for 1st week of TV season Tuesday, 2 Oct 2012 | 2:27 PM ET

    CBS' new period-piece drama, "Vegas," debuted in sixth place, while its contemporary Sherlock Holmes whodunit, "Elementary," premiered in 10th place, according to Nielsen Co. figures released Tuesday. NBC's "Sunday Night Football" was No. 1 in the rankings, but CBS' "NCIS" was second for the week, "NCIS: Los Angeles" was fourth and "Big Bang Theory" was fifth.

  • Gambling exec: Online regulations unlikely in 2012 Tuesday, 2 Oct 2012 | 2:26 PM ET

    LAS VEGAS-- It doesn't look like Congress will pass Internet gambling regulatory laws this year, the head of the industry's main lobbying group said Tuesday, as he cast online wagering hosted by sites overseas as one of the biggest threats to the casino industry in the United States.

  • Oil slightly lower amid economic questions Tuesday, 2 Oct 2012 | 2:18 PM ET

    Benchmark oil slipped 19 cents to $92.20 per barrel in New York. Brent crude, which is used to price international varieties of oil, fell 36 cents to $111.83 per barrel in London. At the pump, the national average for gasoline was unchanged at $3.78 per gallon, according to AAA, Wright Express and the Oil Price Information Service.

  • September Auto Sales: Nissan Tuesday, 2 Oct 2012 | 2:12 PM ET

    FRANKLIN, Tenn.-- Nissan North America Inc. said Tuesday that its September U.S. sales fell 1.1 percent on lower demand for its passenger cars. BY THE NUMBERS: The Japanese automaker sold 91,907 vehicles last month, down from 92,964 in the same month last year. TOP SELLER: Nissan sold 24,488 of its Altima sedan, down 0.4 percent from 24,356 in September 2011.

  • Euro rises on hopes Spain will ask for bailout Tuesday, 2 Oct 2012 | 2:12 PM ET

    NEW YORK-- The euro rose against the dollar Tuesday on speculation that Spain is getting closer to asking for financial aid from Europe's bailout fund. A request for aid from Spain would help remove some uncertainty about Europe's debt crisis. The dollar rose to 78.13 Japanese yen from 78.02 yen and to 98.42 Canadian cents from 98.22 Canadian cents.

  • News Summary: Salmonella outbreak tied to salmon Tuesday, 2 Oct 2012 | 2:11 PM ET

    SOMETHING FISHY: Smoked salmon tainted with salmonella bacteria has sickened hundreds in the Netherlands, sparking major recalls there and in the U.S. The U.S. Centers for Disease Control and Prevention is also investigating the cause of a multi-state outbreak of the same strain of salmonella.

  • Fla. man gets prison for NY investment fraud Tuesday, 2 Oct 2012 | 2:09 PM ET

    NEW YORK-- A Florida mutual fund executive on Tuesday admitted that he lied when he promised investors early shares in companies such as Facebook and Groupon and spent their money instead on a lavish lifestyle that included pricey cars and jewelry.

  • Genesis Energy says offering of 6M units priced Tuesday, 2 Oct 2012 | 2:01 PM ET

    HOUSTON-- Shares of Genesis Energy LP fell after the oil and gas pipeline and refining company said an offering of 6 million units from its shareholders priced at a 7 percent discount to Monday's closing price. Units closed at $34.56 Monday and were priced at $32.15. Shares fell $1.25, or 3.6 percent, to $33.31 in afternoon trading Tuesday.

  • UMass to get capital funds for new buildings Tuesday, 2 Oct 2012 | 1:55 PM ET

    Deval Patrick's administration has announced more than $600 million in capital investments in the University of Massachusetts system.

  • Federal court OKs $1.5B Abbott Labs settlement Tuesday, 2 Oct 2012 | 1:53 PM ET

    ABINGDON, Va.-- A federal court in Virginia has approved a $1.5 billion settlement of a case involving Abbott Laboratories' promotion of the anti-seizure drug Depakote.

  • Ark. revenues up despite slip in sales taxes Tuesday, 2 Oct 2012 | 1:52 PM ET

    LITTLE ROCK, Ark.-- Arkansas' finance office said Tuesday that the state's revenues are ahead of last year's figures and are beating expectations, but officials said they're worried about sales tax collections sliding for the third straight month.

  • Spokesman: Ga. gov would deny hotel tax break Tuesday, 2 Oct 2012 | 1:49 PM ET

    Nathan Deal would deny a tax break for tourist attractions to a planned convention hotel on Jekyll Island because it would be unfair to competing hotels in the area, the governor's spokesman said Tuesday.

  • MLB completes 8-year deal with Fox, Turner Sports Tuesday, 2 Oct 2012 | 1:46 PM ET

    NEW YORK-- Major League Baseball agreed with Fox and Turner Sports on eight-year contracts that will run through 2021 and keep the World Series on Fox. The amount baseball receives from the two networks will double to an average of about $800 million annually, with Fox's share averaging about $500 million.

  • Mobile Mini Chairman, CEO Bunger to step down Tuesday, 2 Oct 2012 | 1:43 PM ET

    TEMPE, Ariz.-- Mobile Mini says Chairman, President and CEO Steven Bunger will step down from those posts at the end of the year. Bunger has worked at Mobile Mini since 1983 and served in various roles. Mobile Mini Inc., which is based in Tempe, Ariz., says a new CEO is expected to be in place when Bunger departs or shortly after that.

  • News Summary: Portugal scraps rent controls Tuesday, 2 Oct 2012 | 1:39 PM ET

    RENT INCREASE: Portugal is scrapping rent controls in one of the government's most radical reforms since the ailing country needed a 78 billion bailout last year. They identified rent controls as one of the handicaps keeping Portugal mired in stagnation.

  • Home price changes in each state in August Tuesday, 2 Oct 2012 | 1:37 PM ET