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Latest Business News Wires - Business Headlines


  • Farmers, shipyard workers protest in Greece Thursday, 4 Oct 2012 | 4:44 PM ET

    ATHENS, Greece-- Greek police clashed with shipyard workers protesting pay arrears Thursday after they broke into the Defense Ministry grounds, while hundreds of farmers on tractors tried to invade the country's second-busiest airport on Crete during an anti-austerity protest.

  • Fed open to linking rate hike to economic gauge Thursday, 4 Oct 2012 | 4:43 PM ET

    WASHINGTON-- The Federal Reserve wants to find a clearer way to signal to the public when it might start raising interest rates. Most members agreed at the Sept. 12-13 meeting that linking a future rate increase to a level of unemployment or some other numeric target could be useful.

  • Calif gas prices spike 8 cents a gallon overnight Thursday, 4 Oct 2012 | 4:43 PM ET

    SAN FRANCISCO-- Landscaping business owner Sebastian Figueredo stood Thursday at a Union 76 gas station near the San Francisco-Oakland Bay Bridge, holding his phone up high so he could get a photo of the price sign.

  • Florida Supreme Court hears tuition dispute Thursday, 4 Oct 2012 | 4:41 PM ET

    TALLAHASSEE, Fla.-- Florida Supreme Court justices had some sharp questions Thursday for both sides on whether the Legislature has the power to set state university tuition and fees rather than a board created to oversee the schools. Two lower courts have ruled that power lies with the Legislature.

  • News Summary: Google, publishers settle book suit Thursday, 4 Oct 2012 | 4:41 PM ET

    THE END: Google and a group of major book publishers have settle a legal tussle over digital copyrights after seven years. Both sides in the dispute indicated that publishers will have more control over the digital copies of the books that Google Inc. has been making for the past eight years.

  • McKenna, Inslee differ on plan for needy schools Thursday, 4 Oct 2012 | 4:40 PM ET

    SEATTLE-- A relatively obscure tax plan to equalize the way Washington homeowners pay for public schools got some time under the spotlight as the candidates for governor debated its merits.

  • CPS board president 'pleased' by contract vote Thursday, 4 Oct 2012 | 4:37 PM ET

    CHICAGO-- Chicago Board of Education President David Vitale says he's pleased that teachers ratified a new contract. The Chicago Teachers Union announced Wednesday night that 79 percent of the union's membership had voted in favor of the contract. Teachers walked off the job Sept. 10, idling about 350,000 students for seven days.

  • News Summary: Stocks rise after jobs report Thursday, 4 Oct 2012 | 4:33 PM ET

    BETTER, BUT: The stock market got a lift from the government's report that 367,000 Americans sought unemployment benefits for the first time last week. RETAIL SALES: Costco and other retail chains reported September sales that came in ahead of Wall Street's estimates. Costco, Dollar General and other retail stocks gained.

  • Euro rises after comments from ECB chief Thursday, 4 Oct 2012 | 4:31 PM ET

    NEW YORK-- The euro is rising against the dollar after European Central Bank President Mario Draghi said that Spain is making progress toward getting its finances under control. The euro rose to $1.3018 in late trading from $1.2899 late Wednesday. The British pound rose to $1.6185 from $1.6072.

  • Cracker Barrel furthers proxy fight Thursday, 4 Oct 2012 | 4:27 PM ET

    LEBANON, Tenn.-- Cracker Barrel Old Country Store Inc. on Thursday urged its shareholders to vote against the election of two activist shareholders to its board. His firm, Biglari Holdings Inc., owns the Steak `n Shake and Western Sizzlin restaurant chains.

  • News Summary: Drought crushes Hawaii beef industry Thursday, 4 Oct 2012 | 4:16 PM ET

    ALOHA BEEF: Nearly all the beef consumed in Hawaii arrives from the mainland, while Hawaiian cattle ranchers ship 40,000 live cattle each year to the mainland.

  • Summary Box: Sept. sales slow from Aug. Thursday, 4 Oct 2012 | 4:10 PM ET

    NEW YORK-- SEPTEMBER SALES: A tally of 22 major retailers, including Target Corp. and Macy's Inc., showed that September sales rose 3.9 percent compared with a year ago. That's slower than the 6 percent rise in August. BEHIND THE NUMBERS: But shoppers are still spending.

  • California gasoline price jumps 8 cents overnight Thursday, 4 Oct 2012 | 3:55 PM ET

    SAN FRANCISCO-- The cost of gasoline in California jumped 8 cents overnight and is poised to soar to the highest point this year in what analysts say is a supply problem fueled by refinery and pipeline outages.

  • Sears' holiday hiring to be flat from last year Thursday, 4 Oct 2012 | 3:52 PM ET

    NEW YORK-- Sears Holdings Corp. said that its hiring of seasonal workers for the crucial winter holidays will be unchanged from a year ago.

  • News Summary: Gold hits 9-month high on ECB moves Thursday, 4 Oct 2012 | 3:50 PM ET

    GOLDEN MOVE: The price of gold hit a nine-month high after the head of Europe's central bank suggested that its bond-buying plan could benefit Spain. The bank also left its key interest rate for countries that use the euro at 0.75 percent to try to promote growth. DOLLAR'S IMPACT: Most commodities finished higher, in part because of a weaker dollar.

  • Brazil wants safer and more fuel-efficient cars Thursday, 4 Oct 2012 | 3:49 PM ET

    BRASILIA, Brazil-- Brazil says it will grant tax breaks to companies that produce safer and more fuel-efficient cars. Next year, all cars made in Brazil must have air bags and ABS brakes. Brazil is the world's seventh-largest motor vehicle producer.

  • News Summary: Spain nudged to take up bond plan Thursday, 4 Oct 2012 | 3:45 PM ET

    SUBTLE HINT: European Central Bank President Mario Draghi nudged Spain and its European partners to take up bank's offer of help with high debt costs, reassuring Madrid that the conditions for getting the assistance "don't need to be punitive."

  • *First Boeing 787 made in SC being set for delivery Thursday, 4 Oct 2012 | 3:43 PM ET
  • Gold price surges to 9-month high on ECB moves Thursday, 4 Oct 2012 | 3:40 PM ET

    The price of gold is at a nine-month high after the head of the European Central Bank suggested that its bond-buying program could benefit Spain. Gold for December delivery rose $16.70 Thursday to finish at $1,796.50 per ounce, the highest level since late February.

  • Drought conditions ease slightly in Oklahoma Thursday, 4 Oct 2012 | 3:39 PM ET

    OKLAHOMA CITY-- Rain that fell across much of Oklahoma last weekend helped to slightly reduce the severity of exceptional drought in the state. Drought Monitor report released Thursday shows 28 percent of the state in exceptional drought _ the worst category.