Latest Business News Wires - Business Headlines


  • News Summary: Sony plans high-tech medical devices Monday, 1 Oct 2012 | 2:24 PM ET

    HIGH-TECH MEDICAL DEVICES: Sony's new alliance with Olympus will focus on producing endoscopes and other surgical tools packed with the Japanese electronic maker's three-dimensional imaging and super-clear "4 K" display technologies. NEW CHALLENGE: Sony said it's not clear when the alliance's first products will become available.

  • News Summary: Ikea to sell only LED lighting Monday, 1 Oct 2012 | 2:20 PM ET

    LIGHTING THE WAY: Swedish retailer Ikea plans to sell only energy-efficient LED lighting by 2016, a move it announced two years after it said it was phasing out incandescent bulbs.

  • Noble Energy says hurricane hurt production Monday, 1 Oct 2012 | 2:19 PM ET

    HOUSTON-- Noble Energy says that Hurricane Isaac hurt its production, but its activity in the Gulf of Mexico is back to levels from before the storm. Based on this, Noble Energy Inc. now anticipates its quarterly volumes will be at the low end of its prior forecast for a range of 242 to 250 million barrels of oil equivalent per day.

  • Court seems unclear on house versus boat question Monday, 1 Oct 2012 | 2:18 PM ET

    The Supreme Court struggled with all types of questions Monday as it tried to figure out what kind of floating structures fall under maritime law, a question that could have a profound impact on popular businesses like floating casinos, hotels and restaurants.

  • Washington Post buying bulk of Celtic Healthcare Monday, 1 Oct 2012 | 2:17 PM ET

    WASHINGTON-- The Washington Post Co. is getting into the health care business with the purchase of a majority stake in Celtic Healthcare Inc., a provider of home health care and hospice services. Mars, Pa.- based Celtic provides home health care and hospice services in Pennsylvania and Maryland.

  • Rare labor petition in Iran shows economic alarm Monday, 1 Oct 2012 | 2:16 PM ET

    TEHRAN, Iran-- For weeks, a manifesto complaining about Iran's stumbling economy circulated in secret among factories and workshops.

  • Earnings Preview: Marriott International Monday, 1 Oct 2012 | 2:15 PM ET

    NEW YORK-- Marriott International Inc. should shed some light on the health of the hotel sector when it reports earnings for the third quarter after the market closes on Wednesday. Three months ago, Marriott said it could boost earnings this year through higher bookings and rates despite slowing growth overseas.

  • Barron's upbeat on Goldman, predicts stock gains Monday, 1 Oct 2012 | 2:10 PM ET

    NEW YORK-- Shares of Goldman Sachs Monday after an article posted on the website of Barron's magazine predicted that the investment bank's stock could climb at least 25 percent over the next year. Barron's said that Goldman Sachs Group Inc. came away from the 2008 financial crisis better than any of its rivals.

  • Molson Coors combines European units Monday, 1 Oct 2012 | 1:48 PM ET

    The Denver- based company said Molson Coors Europe will combine its U.K. and Ireland business with its recently acquired businesses in Central Europe. StarBev makes Bergenbier, Ozusko and Borsodi beers and runs nine breweries, selling brands in in the Czech Republic, Serbia, Croatia, Romania, Bulgaria, Hungary, Montenegro, Bosnia-Herzegovina and Slovakia.

  • Gordmans Stores falls as co. cuts 3Q, 4Q forecasts Monday, 1 Oct 2012 | 1:43 PM ET

    OMAHA, Neb.-- Shares of Gordmans Stores slid more than 24 percent on Monday, its biggest ever one-day drop, as the clothing and home decor company lowered its third and fourth-quarter financial forecasts because of a sales slowdown. Gordmans said Monday that its revenue at stores open at least a year fell 2.1 percent for the third quarter through Sept. 29.

  • Ikea deleted women from Saudi version of catalog Monday, 1 Oct 2012 | 1:35 PM ET

    The report raised questions in Sweden about Ikea's commitment to gender equality, and the company released a statement expressing "regret" over the issue. "We should have reacted and realized that excluding women from the Saudi Arabian version of the catalog is in conflict with the IKEA Group values," the company said.

  • Judge stops strike by Detroit water-sewer workers Monday, 1 Oct 2012 | 1:31 PM ET

    DETROIT-- Workers rejected a judge's "ridiculous" order Monday to end a strike protesting job cuts at the Detroit regional water department, a union lawyer said. Union attorney George Washington called federal Judge Sean Cox's injunction "outrageous" and said he would file a motion to dissolve it.

  • Groups call on Dominion for more renewable energy Monday, 1 Oct 2012 | 1:30 PM ET

    RICHMOND, Va.-- Several environmental groups say Dominion Virginia Power needs to do more to increase the use of renewable energy like solar and wind power. Dominion Virginia is a unit of Dominion Resources Inc..

  • News Summary: Ex-Johnson & Johnson CEO Burke dies Monday, 1 Oct 2012 | 1:29 PM ET

    LEADER DIES: James E. Burke, who as CEO steered Johnson& Johnson through the Tylenol poisonings that led to the first tamper-resistant packaging, died at 87 after a long illness.

  • Hawaii gov to give update on health care plans Monday, 1 Oct 2012 | 1:28 PM ET

    The governor says he will announce a major milestone in the process of making sure Hawaii residents have access to good healthcare and insurance. Hawaii is among the states that bet correctly that the U.S. Supreme Court would uphold Obama's law. Census data from 2010 show 7.7 percent of Hawaii residents are without health insurance.

  • THE RACE: Deficits to be hot topic in 1st debate Monday, 1 Oct 2012 | 1:24 PM ET

    The economy's painfully slow recovery and soaring deficits will be major topics in Denver at Wednesday's first presidential debate, to focus on domestic issues. When fiscal 2012 ended at midnight Sunday, the outgoing 12- month yearly deficit was again $1.3 trillion _ the fourth consecutive year it has exceeded $1 trillion.

  • 'Family Guy' creator MacFarlane to host Oscars Monday, 1 Oct 2012 | 1:23 PM ET

    LOS ANGELES-- "Family Guy" creator Seth MacFarlane will host the 2013 Oscars ceremony in Los Angeles. First-time Academy Awards producers Craig Zadan and Neil Meron made the announcement Monday. He made his big-screen directorial debut earlier this year with "Ted," which took in more than $420 million at the box office.

  • News Summary: US manufacturing grew in September Monday, 1 Oct 2012 | 1:22 PM ET

    FACTORY REBOUND: U.S. manufacturing grew for the first time in four months, buoyed by a jump in new orders and more jobs. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its index of factory activity rose to 51.5, up from 49.6 in August.

  • *Business events scheduled for Tuesday Monday, 1 Oct 2012 | 1:20 PM ET
  • Fashion show canceled after collection is lost Monday, 1 Oct 2012 | 1:19 PM ET

    PARIS-- There's going to be a one-hour hole in the normally tight Paris Fashion Week calendar, after representatives of label Hakaan said its entire collection had been lost. The whole collection is lost, "said Karen Nitsche of Karlaotto." Last November, Marc Jacobs canceled a London press preview after his collection was stolen during its transfer from Paris.