Latest Business News Wires - Business Headlines


  • Sector Wrap: Telecommunications equipment makers Wednesday, 3 Oct 2012 | 4:40 PM ET

    NEW YORK-- Telecommunications equipment makers were mixed in Wednesday trading after Adtran Inc., which offered a disappointing third-quarter forecast in late September, said it expects a significant revenue decline in the fourth quarter. Adtran makes equipment that links homes and businesses to the Internet.

  • US Quakers sell shares over Israel policy concerns Wednesday, 3 Oct 2012 | 4:40 PM ET

    Friends Fiduciary Corp., a Philadelphia nonprofit, sold its shares in Caterpillar Inc., Hewlett-Packard Co. and Veolia Environment after a review was requested by the Ann Arbor Friends Meeting.

  • Penn State won't work on Marcellus gas report Wednesday, 3 Oct 2012 | 4:32 PM ET

    PITTSBURGH-- Penn State University professors won't be part of an industry-funded study this year on the economic impact of natural gas drilling in the Marcellus Shale, an undertaking the school was criticized for in the past.

  • News Summary: Hopes for action low as ECB meets Wednesday, 3 Oct 2012 | 4:31 PM ET

    WAITING FOR ACTION: Analysts don't expect the European Central Bank to take more action to ease Europe's financial crisis when it holds its monthly policy meeting Thursday.

  • Protester gives up St. Peter's protest Wednesday, 3 Oct 2012 | 4:30 PM ET

    Two firefighters helped pull Marcello De Finizio inside the basilica a full day after he had eluded Vatican security to scale the dome and unfurl a banner reading: "Help! _ referring to President Mario Monti, the architect of Italy's economic reforms.

  • NHL: We're still waiting for new union proposal Wednesday, 3 Oct 2012 | 4:27 PM ET

    NEW YORK-- The rhetoric is rising, while the time before the planned start of the NHL regular season is running out. "Not prepared to speculate on next steps at this point," NHL Deputy Commissioner Bill Daly told The Associated Press in an email on Wednesday. " Daly also said on Wednesday that the NHL has no timetable when it will start calling off regular-season games.

  • News Summary: Report: Supplements poorly labeled Wednesday, 3 Oct 2012 | 4:26 PM ET

    FAT CHANCE: Government investigators warn that dozens of diet and immune system supplements are illegally labeled and lack the recommended scientific evidence to back up their purported health claims.

  • *Remodeling resurgence boosts sales for contractors Wednesday, 3 Oct 2012 | 4:22 PM ET
  • Exchanges cancel some Kraft stock trades Wednesday, 3 Oct 2012 | 4:21 PM ET

    NEW YORK-- Nasdaq and other exchanges cancelled some trades of Kraft Foods Group Inc. Wednesday following an unusual spike after the market opened. Kraft's shares opened at $45.55 before surging to $58.54. The issue comes only days after Kraft Foods and former Kraft snack business Mondelez International began trading as two separate companies.

  • Stocks edge up; H-P sinks on Whitman's outlook Wednesday, 3 Oct 2012 | 4:20 PM ET

    The market's gains were held in check by a slump in energy stocks and Hewlett-Packard's 13 percent plunge. "The price action today seems boring, but the economic data is pretty strong," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.

  • Primedia asks Del. judge to toss shareholder suit Wednesday, 3 Oct 2012 | 4:15 PM ET

    WILMINGTON, Del.-- Primedia Inc. is asking a Delaware judge to dismiss a shareholder lawsuit challenging the acquisition of the Georgia- based house and apartment search guide publisher by private investment firm TPG Capital for $316 million.

  • US cities with the highest and lowest unemployment Wednesday, 3 Oct 2012 | 4:13 PM ET
  • Iran tightens grip to stem currency fall Wednesday, 3 Oct 2012 | 4:07 PM ET

    TEHRAN, Iran-- Iranian authorities used aggressive measures Wednesday in an attempt to halt the nosedive of the country's currency, making arrests, vowing to stamp out sidewalk money changers and warning merchants against fueling the mounting public anger over the economy.

  • Sector Snap: Airlines Wednesday, 3 Oct 2012 | 4:00 PM ET

    Benchmark oil lost more than 3 percent Wednesday on more evidence of slower growth in China, the world's second-largest oil consumer behind the U.S. Airline stocks tend to trade inversely to the price of oil because fuel is one of the airlines' largest expenses. Shares of US Airways Group Inc. led the sector's gains Wednesday.

  • News Summary: Ranchers see more thefts of grass Wednesday, 3 Oct 2012 | 3:51 PM ET

    WHERE THE GRASS IS GREENER: Ranchers from Missouri to New Mexico have started cutting neighbors' fences, leaving gates open so their cattle can graze on greener pastures or even stealing hay as they contend with the worst drought in decades. IN THE WEEDS: It's not clear just how many grass thefts have happened since most aren't reported.

  • Slowdown in China saps oil, copper prices Wednesday, 3 Oct 2012 | 3:45 PM ET

    NEW YORK-- Prices for energy and copper fell Wednesday following the latest signs that China's economy is slowing down. Copper, another commodity that is highly sensitive to changes in China's economy, fell 1.7 cents to $3.7840 a pound.

  • Unemployment rates in August for Western US cities Wednesday, 3 Oct 2012 | 3:43 PM ET
  • Unemployment rates for Midwestern US cities Wednesday, 3 Oct 2012 | 3:42 PM ET
  • Boxing promoter's estate subject of legal fight Wednesday, 3 Oct 2012 | 3:41 PM ET

    WILMINGTON, Del.-- A woman who gave birth to boxing promoter Butch Lewis' daughter after his death is seeking money from his estate. Louise Cummings had the baby in April, nine months after Lewis died at age 65. She wants the child declared a beneficiary of the estate and requested interim payments of $3,250 a month until the case is resolved.

  • Unemployment rates for Southern US cities Wednesday, 3 Oct 2012 | 3:41 PM ET