Latest Business News Wires - Business Headlines


  • Bond movies have beat do-or-die odds for 50 years Wednesday, 3 Oct 2012 | 11:16 AM ET

    LOS ANGELES-- Over the last 50 years, the owners of the James Bond movie franchise have had heart-stopping crises as thrilling as the ones that face their fictional secret agent. "Cubby used to say, `This is the goose that laid the golden egg, keep it safe,'" said Broccoli's youngest daughter, Barbara, now the series' co-producer, in a phone interview from London. "

  • Shares of Rigel Pharma fall on stock offering Wednesday, 3 Oct 2012 | 11:15 AM ET

    SOUTH SAN FRANCISCO, Calif.-- Drug developer Rigel Pharmaceuticals Inc. said it priced its public offering of 13.7 million shares of its common stock at $9.50 per share. The South San Francisco, Calif.- based company said it expects the offering's gross proceeds to total about $130 million, before deducting underwriting discounts, commissions, and other expenses.

  • Javelin shares slip in trading debut Wednesday, 3 Oct 2012 | 11:06 AM ET

    VERO BEACH, Fla.-- Shares of Javelin Mortgage Investment Corp. fell slightly in their Wednesday debut on the New York Stock Exchange. It is also selling 250,000 shares to the company's chairman, Daniel Staton, and board member Marc Bell for the same price, raising another $5 million. Shares shed 29 cents, or 1.5 percent, to $19.71 in morning trading.

  • Natural gas group: Slight price rise this winter Wednesday, 3 Oct 2012 | 11:06 AM ET

    The Natural Gas Supply Association said Wednesday in its annual winter outlook that natural gas prices, which averaged $2.75 per thousand cubic feet between November and March last season, may trend slightly upward for this heating season. Natural gas futures traded at $3.42 in New York Wednesday morning.

  • Former Chicago trader gets 3 years in fraud scheme Wednesday, 3 Oct 2012 | 11:04 AM ET

    CHICAGO-- A federal judge has sentenced a former Chicago Mercantile Exchange trader to three years in prison for his part in a fraud scheme that cost investors $2.3 million. A Chicago judge sentenced 54- year-old Mark Adrian of Delray Beach, Fla., on Tuesday.

  • Justice Department holds summit on investor fraud Wednesday, 3 Oct 2012 | 11:03 AM ET

    NASHVILLE, Tenn.-- The Department of Justice says the country's recession has resulted in an unprecedented rise in investment fraud schemes, and it is holding a regional summit in Nashville on the topic.

  • Gas prices continue to fall in West Virginia Wednesday, 3 Oct 2012 | 11:01 AM ET

    CHARLESTON, W.Va.-- Fall has brought falling gas prices to West Virginia. AAA East Central says the average price for a gallon of regular, unleaded gasoline dropped 4.8 cents over the past week to $3.82. Prices range from about $3.73 in Parkersburg to more than $3.95 in Martinsburg.

  • US crude oil supplies shrank by 500,000 barrels Wednesday, 3 Oct 2012 | 10:58 AM ET

    NEW YORK-- The nation's crude oil supplies declined last week, the government said Wednesday. Crude supplies dropped by 500,000 barrels, or 0.1 percent, to 364.7 million barrels, which is 8.4 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.

  • New Ohio casino tests facility with demo day Wednesday, 3 Oct 2012 | 10:58 AM ET

    COLUMBUS, Ohio-- The casino set to open Monday in Ohio's capital is testing its operations with an invitation-only demonstration day. The $400 million Hollywood Casino Columbus says proceeds from Wednesday's games will go to five local nonprofit organizations.

  • Grains up and down in Virginia in 2012 Wednesday, 3 Oct 2012 | 10:57 AM ET

    RICHMOND, Va.-- Virginia wheat and barley production is down this year, while oat production is up. The Virginia Department of Agriculture and Consumer Services reports that wheat producers averaged 65 bushels per acre this year, down from last year's yield of 71 bushels an acre.

  • Societe Generale in talks to sell Greek subsidiary Wednesday, 3 Oct 2012 | 10:55 AM ET

    PARIS-- French bank Societe Generale said Wednesday that it was in discussions to sell its Greek subsidiary Geniki to Greece's Piraeus Bank. Shares in Societe Generale, France's second-largest bank, slid immediately after the announcement and were down 1 percent in late trading.

  • NY comptroller says MTA on right fiscal track Wednesday, 3 Oct 2012 | 10:54 AM ET

    ALBANY, N.Y.-- The Metropolitan Transportation Authority is on the right track fiscally after years of crises forced fare and toll increases that will continue to sting urban and suburban bus and subway riders, New York Comptroller Thomas DiNapoli said Tuesday.

  • Plan calls for shuttering part of PNM power plant Wednesday, 3 Oct 2012 | 10:51 AM ET

    ALBUQUERQUE, N.M.-- Months of wrangling over the best way to curb pollution from a PNM Resources Inc. coal-fired power plant that serves more than 2 million customers in the Southwest have given way to a proposal that could see New Mexico transition to cleaner sources of energy to meet its electricity demands.

  • Sarepta shares soar on muscular dystrophy study Wednesday, 3 Oct 2012 | 10:47 AM ET

    NEW YORK-- Shares of Sarepta Therapeutics Inc. nearly tripled in value Wednesday after the company reported positive clinical data for its Duchenne muscular dystrophy drug eteplirsen. Eteplirsen is Sarepta's most advanced drug candidate, and in morning trading the stock jumped $25.70 to $40.69.

  • Wash. state employee union negotiations continue Wednesday, 3 Oct 2012 | 10:46 AM ET

    OLYMPIA, Wash.-- Washington state is still negotiating with state workers on health benefits and associated costs. Even though a Monday deadline has passed, talks are still continuing. If the coalition of unions and the state reach a deal, the Legislature could approve the extension of the agreement date.

  • Interveners drop out of lawsuit against RiceTec Wednesday, 3 Oct 2012 | 10:45 AM ET

    LITTLE ROCK, Ark.-- More than four dozen rice farmers in Arkansas, Louisiana and Texas who sought to intervene in a lawsuit against RiceTec Inc. have decided to withdraw from the legal action. Alvin, Texas,- based RiceTec announced Tuesday that the 51 farmers are opting out of the lawsuit.

  • NH governor to nominate interim commissioner Wednesday, 3 Oct 2012 | 10:43 AM ET

    CONCORD, N.H.-- New Hampshire Gov. John Lynch plans to nominate State Parks Director Phil Bryce to serve as interim commissioner of the Department of Resources and Economic Development. George Bald, the current commissioner of that department, is retiring on Nov. 1.

  • Indiana panel approves lottery outsourcing deal Wednesday, 3 Oct 2012 | 10:42 AM ET

    The commission voted 3-0, with two members absent, to approve a 15- year contract with Rhode Island- based GTECH that is expected to make $1.7 billion in profit over five years _ a $500 million increase over state projections. GTECH already provides and maintains vending machines for the Hoosier Lottery.

  • CU wins grant to study natural gas development Wednesday, 3 Oct 2012 | 10:42 AM ET

    BOULDER, Colo.-- The University of Colorado Boulder has won a $12 million, five-year grant from the National Science Foundation to study how to maximize benefits of natural gas development while minimizing harms.

  • Entergy replaces union workers after talks fail Wednesday, 3 Oct 2012 | 10:41 AM ET

    PORT GIBSON, Miss.-- Entergy Corp. has locked out union security workers at its nuclear plant near Port Gibson, Miss., after contract negotiations with the United Government Security Officers of America Local 36 failed.