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Latest Business News Wires - Business Headlines


  • BioLineRx rises on new schizophrenia drug data Tuesday, 9 Oct 2012 | 4:25 PM ET

    NEW YORK-- Shares of BioLineRx jumped nearly 11 percent Tuesday after the company released results from a new clinical trial of its schizophrenia drug. The company reported the initial results from the study in September 2009. BioLineRx shares gained 32 cents to $3.35.

  • News Summary: Stocks end lower; Dow loses 110 Tuesday, 9 Oct 2012 | 4:17 PM ET

    STOCKS FINISH LOWER: The Dow Jones industrial average lost 110 points after the International Monetary Fund cut its forecast for world economic growth. FIVE YEARS ON: The slide came on the fifth anniversary of the stock market's all-time high. The price of oil jumped because of supply concerns in the North Sea and the Middle East.

  • Alcoa posts $143M loss; revenue tops estimates Tuesday, 9 Oct 2012 | 4:13 PM ET

    Aluminum manufacturer Alcoa Inc. says it lost $143 million in the third quarter due to charges, but otherwise topped Wall Street's expectations. Alcoa said Tuesday that the loss amounted to 13 cents per share. But excluding $175 million in charges, Alcoa earned $32 million, or 3 cents per share.

  • NJ clears way for portable gambling devices in AC Tuesday, 9 Oct 2012 | 4:12 PM ET

    ATLANTIC CITY, N.J.-- New Jersey has cleared the way for casino patrons to gamble on their iPads, smartphones and other mobile devices. Most importantly in this process was the development of regulations that provided safeguards to prevent underage gambling, and to continually ensure the integrity and security of mobile gaming in New Jersey. "

  • Optimer Pharma falls on Dificid sales concerns Tuesday, 9 Oct 2012 | 4:07 PM ET

    NEW YORK-- Shares of Optimer Pharmaceuticals tumbled 6 percent Tuesday as Wall Street weighed in on the company's marketing strategy and sales of its antibacterial drug Dificid. On Tuesday Oppenheimer& Co. analyst Christopher Holterhoff downgraded Optimer shares to "Perform" from "Outperform," and said he is not convinced the plan will work.

  • Wall Street ends lower; focus shifts to earnings Tuesday, 9 Oct 2012 | 4:04 PM ET

    NEW YORK-- Stocks are ending lower on Wall Street after a weak forecast for global growth from the International Monetary Fund. Now investors turn their attention to corporate earnings reports. Aluminum company Alcoa is set to report its results first.

  • Global economic fears push dollar higher Tuesday, 9 Oct 2012 | 4:04 PM ET

    In its latest forecast, the International Monetary Fund said Tuesday that the global economy is weakening and will grow more slowly in the next year. The euro fell to $1.2880 in late trading Tuesday from $1.2967 late Monday. The dollar rose to 0.9404 Swiss franc from 0.9330 Swiss franc and to 97.76 Canadian cents from 97.66 Canadian cents.

  • Surveys: Small biz owners optimistic about future Tuesday, 9 Oct 2012 | 3:55 PM ET

    NEW YORK-- Small business owners may be pessimistic about the economy and their own companies right now, but they're getting optimistic about the future. A survey released Tuesday by the National Federation of Independent Business shows that owners became more pessimistic during September as employment and sales remained weak.

  • News Summary: Alcoa, Aluminum Bahrain settle suit Tuesday, 9 Oct 2012 | 3:52 PM ET

    CASE RESOLVED: Alcoa agreed to pay $85 million to Aluminum Bahrain BSC, or Alba, to settle a bribery lawsuit without admitting liability. THE DETAILS: Bahrain- controlled Alba sued Alcoa and associated companies in 2008, alleging they paid millions of dollars in bribes to Bahrain officials and others.

  • AO Smith names new chief executive Tuesday, 9 Oct 2012 | 3:44 PM ET

    MILWAUKEE-- A.O. Smith appointed its chief operating officer as CEO Tuesday. President and COO Ajita Rajendra, the new CEO, joined A.O. Smith in 2005 as president of its Water Products Co., which makes residential and commercial water heaters and boilers. Shares of A.O. Smith Corp. fell 40 cents to $57.45 in afternoon trading.

  • Fla. Board of Education seeking budget increases Tuesday, 9 Oct 2012 | 3:39 PM ET

    The State Board of Education voted Tuesday to seek a $643 million, or 4.4 percent, spending increase next year for Florida's public schools and colleges. The total $15.6 billion spending request for the budget year beginning July 1, 2013, includes $9.88 billion in basic funding for kindergarten through 12th grade.

  • News Summary: Protests greet German leader Tuesday, 9 Oct 2012 | 3:36 PM ET

    CHILLY RECEPTION: German Chancellor Angela Merkel's first visit to Greece since its debt crisis erupted three years ago sparked mostly peaceful protests attended by some 50,000 demonstrators Tuesday in Athens.

  • NY comptroller: Wall Street health still volatile Tuesday, 9 Oct 2012 | 3:35 PM ET

    ALBANY, N.Y.-- Although profits continue to grow on a still rocky Wall Street, jobs are declining along with tax revenue that's vital to the state and New York City, according to a key annual earnings and employment report released Tuesday by New York state Comptroller Thomas DiNapoli.

  • Grains futures mixed, beef prices rise Tuesday, 9 Oct 2012 | 3:34 PM ET
  • *Louis C.K. to delay show's 4th season until 2014 Tuesday, 9 Oct 2012 | 3:33 PM ET
  • Tension over role of service dogs for vets Tuesday, 9 Oct 2012 | 3:33 PM ET

    ALBUQUERQUE, N.M.-- Stories like Jim Stanek's are common and quickly multiplying: An Iraqi war veteran with posttraumatic stress disorder and traumatic brain injury, he says his life was saved by a dog that gave him the confidence to do seemingly simple things, like go out to dinner and look his wife in the eye rather than watch his own back.

  • Nielsen's top programs for Oct. 1-7 Tuesday, 9 Oct 2012 | 3:30 PM ET

    1. "NCIS," CBS, 18.87 million. 3. "60 Minutes," CBS, 15.96 million. 4. "The Big Bang Theory," CBS, 15.18 million.

  • Encouraging ratings start for NBC in new season Tuesday, 9 Oct 2012 | 3:26 PM ET

    NEW YORK-- It may not qualify as a revolution, but after years of relentless bad news in the ratings, NBC has opened the new television season with some positive signs. Sunday night football leads the way, as is often the case for NBC. " While third in the ratings race last week, NBC won among viewers ages 18- to-49, the demographic where it concentrates its business.

  • GOP lawmakers seek removal of VA's chief of staff Tuesday, 9 Oct 2012 | 3:25 PM ET

    WASHINGTON-- Top Republican lawmakers have called on Veterans Affairs Secretary Eric Shinseki to fire his chief of staff for approving two training conferences that led to $762,000 in questionable spending.

  • Wade announces shoe deal with Li-Ning Tuesday, 9 Oct 2012 | 3:25 PM ET

    MIAMI-- Two-time NBA champion Dwyane Wade is signing with Chinese sportswear provider Li-Ning, which is giving the Miami Heat guard his own brand within the company along with plenty of creative and strategic input.