Latest Business News Wires - Business Headlines


  • Ahead of the Bell: Alzheimer's update in the works Monday, 8 Oct 2012 | 6:41 AM ET

    Scientists will give pharmaceutical investors long-awaited updates Monday on research behind potential Alzheimer's disease treatments from Eli Lilly and Co., Pfizer Inc. and Johnson& Johnson.

  • Barroso to Cypriots: Find bailout consensus Monday, 8 Oct 2012 | 6:25 AM ET

    NICOSIA, Cyprus-- EU Commission President Jose Manuel Barroso is urging political leaders in Cyprus to agree on austerity measures needed for a deal to bail out its ailing banks.

  • China art auctioneers face off with foreign rivals Monday, 8 Oct 2012 | 5:56 AM ET

    HONG KONG-- Chinese and international auction houses are encroaching on each other's territory in Hong Kong and Beijing for the first time this autumn sale season as they step up the battle for the Asian art market. China Guardian Auctions Co. held a small sale of Chinese ink paintings, calligraphy and furniture last weekend in Hong Kong.

  • UAE bank plans aggressive expansion in Asia Monday, 8 Oct 2012 | 5:49 AM ET

    KUALA LUMPUR, Malaysia-- The National Bank of Abu Dhabi has launched its commercial banking operations in Malaysia and will debut in Shanghai this week as part of its expansion in Asia.

  • Taiwan exports up 10 percent in September Monday, 8 Oct 2012 | 5:32 AM ET

    TAIPEI, Taiwan-- Taiwan's exports rose 10 percent from a year earlier in September to $27 billion, ending a streak of six consecutive monthly declines. The Finance Ministry said Monday that Southeast Asia has shown its economic strength by buying $5.4 billion worth of Taiwanese goods in the month, up 41 percent from a year earlier.

  • Oil falls in Asia as world growth outlook dims Monday, 8 Oct 2012 | 4:59 AM ET

    Benchmark crude for November delivery tumbled $1.51, or 1.7 percent, to $88.37 per barrel by late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract closed down $1.83 to $89.88 per barrel.

  • World stocks down as global growth woes intensify Monday, 8 Oct 2012 | 4:55 AM ET

    BANGKOK-- World stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. "That worried investors that we might have hit the top of the recent rally and we might see some correction in the short term," said Jackson Wong, vice president of Tanrich Securities in Hong Kong.

  • Calif. gov. takes action as gas prices keep rising Monday, 8 Oct 2012 | 3:41 AM ET

    Jerry Brown is taking action in an effort to drive down the cost of gasoline as California drivers cope with record-breaking prices at the pump. Due to a temporary reduction in supply, California gas prices in recent days have surpassed those in Hawaii to become the highest in the nation.

  • Dish, Gannett continue negotiations on TV fees Monday, 8 Oct 2012 | 3:25 AM ET

    McLEAN, Va.-- Dish Network Corp. and Gannett Co. say they've agreed to extend a deadline by several hours as their talks continue in a dispute over fees involving access by more than 2 million Dish subscribers to Gannett's TV stations in 19 cities.

  • Freeze, drought take bite out of fall tourism Monday, 8 Oct 2012 | 3:11 AM ET

    INDIANAPOLIS-- Devastating spring freezes and a historic drought have stripped some charm from rustic fall destinations, leaving some corn too short to create mazes, orchards virtually devoid of apples and fall colors muted.

  • Gulf airline Etihad partners with Air France-KLM Monday, 8 Oct 2012 | 2:51 AM ET

    DUBAI, United Arab Emirates-- Rapidly expanding Gulf carrier Etihad Airways has agreed to jointly market some of its flights with Air France-KLM in what could be the beginning of a larger strategic alliance, the airlines said Monday.

  • EU finance chiefs to discuss debt crisis, Greece Monday, 8 Oct 2012 | 2:27 AM ET

    LUXEMBOURG-- EU finance ministers are in Luxembourg to take stock of the debt crisis before a summit of EU leaders later this month. The 17 eurozone ministers will look Monday at Greece's budget proposals.

  • German exports 2.4 percent higher in August Monday, 8 Oct 2012 | 2:19 AM ET

    BERLIN-- Exports from Germany, Europe's biggest economy, rose unexpectedly in August compared with the previous month but industrial production was a bit lower, official data showed Monday.

  • Oil falls in Asia on sluggish US hiring Monday, 8 Oct 2012 | 1:05 AM ET

    Benchmark crude for November delivery was down fell 37 cents to $89.51 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract closed down $1.83 to $89.88 per barrel.

  • News Summary: Wal-Mart, Amex expand prepaid card Monday, 8 Oct 2012 | 12:52 AM ET

    NEW YORK-- PARTNERSHIP: Wal-Mart Stores Inc. and American Express Co. are rolling out a prepaid card that they say offers checking and debit services designed to help customers manage and control their everyday finances. BEHIND THE NEWS: The move comes as American Express is looking for new ways to expand its customer base beyond its wealthy clientele.

  • More pain at pump as Calif. gas prices rise again Monday, 8 Oct 2012 | 12:49 AM ET

    LOS ANGELES-- The statewide average price for a gallon of regular gasoline in California rose to an all-time high Monday, the third record-setting day in a row that is prompting calls for a federal investigation into the price spike.

  • Quad/Graphics, Time agree on new distribution deal Monday, 8 Oct 2012 | 12:43 AM ET

    SUSSEX, Wis.-- Quad/Graphics says it has agreed to a new deal worth more than $900 million to print the majority of publisher Time Inc.' s magazines. Time Inc. is a division of Time Warner Inc., based in New York. Shares of Quad/Graphics added 45 cents, or 2.4 percent, to $18.95 in afternoon trading.

  • Renewable Energy Group lowers 3Q forecast Monday, 8 Oct 2012 | 12:36 AM ET

    AMES, Iowa-- Shares of Renewable Energy Group Inc. plunged in trading Friday after the biodiesel producer said it expects to post a loss for its fiscal third quarter. As a result, it expects to report an adjusted loss of $2 million to $7 million before interest, taxes, depreciation and amortization.

  • An American in Paris: Hopper retrospective opens Monday, 8 Oct 2012 | 12:33 AM ET

    PARIS-- A major Edward Hopper retrospective in Paris reveals that the 20th century painter famed for his rendering of American life drew inspiration from France.

  • SAfrica: Union accuses platinum producer of racism Monday, 8 Oct 2012 | 12:31 AM ET

    JOHANNESBURG-- The National Union of Mineworkers accused Anglo American Platinum Monday of "racism" as the impasse between striking miners and the world's top platinum producer escalated.