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Latest Business News Wires - Business Headlines


  • Marriott gives thumbs-up in North America Thursday, 4 Oct 2012 | 1:02 PM ET

    NEW YORK-- Marriott International Inc. is offering a mixed forecast for travel demand around the globe. Marriott expects revenue per room, a key performance measure for hotel companies, to rise 5 to 7 percent in North America in the current quarter, but only 3 percent elsewhere.

  • Alco says Sept. revenue measure fell 3.8 percent Thursday, 4 Oct 2012 | 11:49 AM ET

    ABILENE, Kan.-- Discount retailer Alco Stores Inc. said Thursday that a key measure of revenue fell 3.8 percent because of slower consumer spending and drought. The company, formerly known as Duckwall-Alco before changing its name in July, said total revenue for the five weeks ending Sept. 30 fell 0.3 percent to $40.2 million.

  • Top designer labels abandon Argentina Thursday, 4 Oct 2012 | 11:44 AM ET

    The world's most luxurious designer brands are abandoning Argentina rather than comply with tight new government economic restrictions, leaving empty shelves and storefronts along the capital's elegant Alvear Avenue, where tourists once flocked to see the latest in fashion.

  • Outbreak spotlights safety of custom-mixed drugs Thursday, 4 Oct 2012 | 11:37 AM ET

    Custom-mixed medicines like the steroid shots suspected in a meningitis outbreak have long been a source of concern, and their use is far wider than many people realize.

  • American Airlines finishes loose-seat inspections Thursday, 4 Oct 2012 | 11:36 AM ET

    FORT WORTH, Texas-- American Airlines says it has finished inspecting 48 planes and fixing loose seats on some of them. A spokeswoman said Thursday that engineers were still determining how many planes needed repairs. The airline says all the planes are back in service.

  • Starbucks to allow 'digital tipping' Thursday, 4 Oct 2012 | 11:31 AM ET

    Starbucks is making an app for that. A similar option will also be available on Square, a new payment app that Starbucks customers will be able to use starting in November.

  • SM Energy names new president Thursday, 4 Oct 2012 | 11:28 AM ET

    DENVER-- SM Energy Co. said Thursday that it has promoted Javan Ottoson, the oil and gas company's chief operating officer, to president. SM Energy said the promotion recognizes Ottoson's contributions to the company over the years. Shares of the company, which is based in Denver, increased 15 cents to $53.07 in midday trading Thursday.

  • News Summary: Report says EU nukes must be safer Thursday, 4 Oct 2012 | 11:26 AM ET

    NO GLOWING REPORT: The EU Energy Commissioner says the cost of necessary improvements at the 145 nuclear reactors in the European Union could amount to billions over the coming years. CORE CRITICISM: The report criticized authorities for not using appropriate standards to assess risks.

  • Spirit Airlines launches Denver-Phoenix flights Thursday, 4 Oct 2012 | 11:21 AM ET

    MESA, Ariz.-- Spirit Airlines Inc. is kicking off its new service and Denver International Airport and Phoenix-Mesa Gateway Airport. The Florida- based low cost carrier will have one daily non-stop each way beginning Thursday. The flights leave Denver at midmorning each day and leave the east Phoenix suburb of Mesa for the return late in the morning.

  • Spill reported from oil platform in Gulf Thursday, 4 Oct 2012 | 11:19 AM ET

    NEW ORLEANS-- The Coast Guard says an estimated 76 gallons of crude oil spilled from an oil platform operated by Apache Corp. off the coast of southeast Louisiana. Petty Officer 2nd Class Bill Colclough said the spill was reported to authorities on Tuesday.

  • Ark. court rejects casino measure for Nov. ballot Thursday, 4 Oct 2012 | 11:18 AM ET

    LITTLE ROCK, Ark.-- The Arkansas Supreme Court on Thursday rejected a proposed ballot measure that would have given a professional poker player the exclusive rights to operate casinos in four of the state's counties.

  • Indiana drought conditions best since mid-June Thursday, 4 Oct 2012 | 11:17 AM ET

    INDIANAPOLIS-- The severe drought conditions that troubled Indiana through the summer have largely dissipated, with a federal report showing the state's dryness in its best condition since mid-June. Drought Monitor's weekly report released Thursday listed about 15 percent of Indiana in severe drought, mostly in the state's southeastern corner.

  • Wyoming ranks low in energy efficiency efforts Thursday, 4 Oct 2012 | 11:17 AM ET

    CHEYENNE, Wyo.-- A study ranks Wyoming among the least energy-efficient states in the nation. The study by the American Council for an Energy-Efficient Economy ranks Wyoming 48th out of 50 states and the District of Columbia.

  • Facebook now home to 1 billion monthly users Thursday, 4 Oct 2012 | 11:17 AM ET

    NEW YORK-- More than a billion people now log into Facebook each month to check up on old friends, tag photos of new ones and post about politics, religion, cats or what their kids are doing. The latest milestone also amounts to nearly half of the world's roughly 2.5 billion Internet users, as measured by the International Telecommunications Union.

  • Oil gains as Syria-Turkey tensions rise Thursday, 4 Oct 2012 | 11:13 AM ET

    The price of oil is rising the most in two months after tensions rose between Syria and Turkey. Oil rose to $91.63, a jump of $3.49, or 4 percent, in morning trading on the New York Mercantile Exchange. The increase came as Turkey's military fired on targets in Syria for the second day.

  • Unilever may sell Skippy business in US, Canada Thursday, 4 Oct 2012 | 11:12 AM ET

    LONDON-- Unilever has announced that it will consider selling its Skippy peanut butter business in the US and Canada as part of a strategic review. The company says it is also considering other options for the brand.

  • Cyprus aims for 11.5 bln euro bailout package Thursday, 4 Oct 2012 | 11:06 AM ET

    NICOSIA, Cyprus-- Cyprus is aiming to get a bailout of about 11.5 billion from the other 16 countries that use the euro to recapitalize its troubled banks and pay its bills, officials said Thursday _ significantly less than what its potential rescuers estimate it needs.

  • Alaskans receive yearly oil wealth payment Thursday, 4 Oct 2012 | 10:59 AM ET

    ANCHORAGE, Alaska-- The day Alaskans highly anticipate has arrived with the distribution of dividend checks from the state's oil savings account. This year's $878 dividend from the Alaska Permanent Fund will be directly deposited Thursday into the bank accounts of eligible residents who choose that route.

  • Wyo. jobless rate rises to 5.7 percent in August Thursday, 4 Oct 2012 | 10:58 AM ET

    CHEYENNE, Wyo.-- Wyoming's unemployment rate increased slightly to 5.7 percent in August. For the month of August, Fremont County posted the highest unemployment rate in the state at 6.6 percent, followed by Lincoln County at 6.4 percent, Big Horn at 6.1 percent and Laramie at 5.9 percent.

  • NBA regular season returns to London in January Thursday, 4 Oct 2012 | 10:58 AM ET

    LONDON-- The NBA is coming back to London with a regular-season game between the Detroit Pistons and New York Knicks in January. The NBA says the Pistons and Knicks will play on Jan. 17 at the O2 Arena, the site of this year's Olympic gold-medal game.