Latest Business News Wires - Business Headlines


  • Crown Castle launches offering for T-Mobile deal Wednesday, 3 Oct 2012 | 4:56 PM ET

    HOUSTON-- Crown Castle International Corp. said Wednesday that it is launching an offering of $1.65 billion of senior notes, which are due in 2023..

  • Embraer shares fall after downgrade Wednesday, 3 Oct 2012 | 4:55 PM ET

    NEW YORK-- Shares of Embraer SA lost 4 percent Wednesday after an analyst downgraded the Brazilian plane maker's stock citing weak demand for regional and business jets.

  • Seacrest: No problem with feuding judges Wednesday, 3 Oct 2012 | 4:52 PM ET

    NEW YORK-- Feuding divas on "American Idol"? Ryan Seacrest says that's just great. The show's host said Wednesday that things got intense between new judges Nicki Minaj and Mariah Carey during a tryout taping the previous day in Charlotte, N.C..

  • Plane lands safely in Conn. after bird strike Wednesday, 3 Oct 2012 | 4:50 PM ET

    WINDSOR LOCKS, Conn.-- A Southwest Airlines flight from Tampa, Fla., that suffered a bird strike on its final approach has landed safely in Connecticut.

  • Casino chiefs talk about industry vulnerability Wednesday, 3 Oct 2012 | 4:48 PM ET

    But the chief executives of Las Vegas- based MGM Resorts International and Las Vegas Sands Corp. differed during a keynote panel discussion with four other industry leaders at the Global Gaming Expo about whether states or the federal government are best able to provide oversight.

  • News Summary: Stocks creep up; H-P takes a dive Wednesday, 3 Oct 2012 | 4:46 PM ET

    H-P'S FORECAST: Hewlett-Packard's stock plunged 13 percent after CEO Meg Whitman said the computer maker will continue to struggle with weak sales for the next two years. Profits will likely fall by more than 10 percent next year, she said. OIL: Concerns over an economic slowdown in Europe, China and the U.S. helped push the price of oil down $3.75 to $88.14 a barrel.

  • News Summary: China slowdown hits energy, copper Wednesday, 3 Oct 2012 | 4:43 PM ET

    Crude fell $3.75 to $88.14 per barrel, the biggest decline since May 4. TARNISHED COPPER: Copper futures also took a hit from the China news. China imports huge amounts of copper to feed its construction and manufacturing industries.

  • Burned-out Conn. bell factory resumes production Wednesday, 3 Oct 2012 | 4:41 PM ET

    EAST HAMPTON, Conn.-- The 180- year-old New England company that made the little bell that rings every time an angel gets its wings in the Christmas classic "It's a Wonderful Life" has resumed production in time for the holidays, four months after its 19th- century factory burned down.

  • How the major stock indexes fared on Wednesday Wednesday, 3 Oct 2012 | 4:41 PM ET

    The market's gains were held in check by a slump in energy stocks and Hewlett-Packard `s 13 percent plunge. The S&P 500 index rose 5.24, or 0.4 percent, to 1,450.99. The S&P 500 is up 10.32, or 0.7 percent.

  • Sector Wrap: Telecommunications equipment makers Wednesday, 3 Oct 2012 | 4:40 PM ET

    NEW YORK-- Telecommunications equipment makers were mixed in Wednesday trading after Adtran Inc., which offered a disappointing third-quarter forecast in late September, said it expects a significant revenue decline in the fourth quarter. Adtran makes equipment that links homes and businesses to the Internet.

  • US Quakers sell shares over Israel policy concerns Wednesday, 3 Oct 2012 | 4:40 PM ET

    Friends Fiduciary Corp., a Philadelphia nonprofit, sold its shares in Caterpillar Inc., Hewlett-Packard Co. and Veolia Environment after a review was requested by the Ann Arbor Friends Meeting.

  • Penn State won't work on Marcellus gas report Wednesday, 3 Oct 2012 | 4:32 PM ET

    PITTSBURGH-- Penn State University professors won't be part of an industry-funded study this year on the economic impact of natural gas drilling in the Marcellus Shale, an undertaking the school was criticized for in the past.

  • News Summary: Hopes for action low as ECB meets Wednesday, 3 Oct 2012 | 4:31 PM ET

    WAITING FOR ACTION: Analysts don't expect the European Central Bank to take more action to ease Europe's financial crisis when it holds its monthly policy meeting Thursday.

  • Protester gives up St. Peter's protest Wednesday, 3 Oct 2012 | 4:30 PM ET

    Two firefighters helped pull Marcello De Finizio inside the basilica a full day after he had eluded Vatican security to scale the dome and unfurl a banner reading: "Help! _ referring to President Mario Monti, the architect of Italy's economic reforms.

  • NHL: We're still waiting for new union proposal Wednesday, 3 Oct 2012 | 4:27 PM ET

    NEW YORK-- The rhetoric is rising, while the time before the planned start of the NHL regular season is running out. "Not prepared to speculate on next steps at this point," NHL Deputy Commissioner Bill Daly told The Associated Press in an email on Wednesday. " Daly also said on Wednesday that the NHL has no timetable when it will start calling off regular-season games.

  • News Summary: Report: Supplements poorly labeled Wednesday, 3 Oct 2012 | 4:26 PM ET

    FAT CHANCE: Government investigators warn that dozens of diet and immune system supplements are illegally labeled and lack the recommended scientific evidence to back up their purported health claims.

  • *Remodeling resurgence boosts sales for contractors Wednesday, 3 Oct 2012 | 4:22 PM ET
  • Exchanges cancel some Kraft stock trades Wednesday, 3 Oct 2012 | 4:21 PM ET

    NEW YORK-- Nasdaq and other exchanges cancelled some trades of Kraft Foods Group Inc. Wednesday following an unusual spike after the market opened. Kraft's shares opened at $45.55 before surging to $58.54. The issue comes only days after Kraft Foods and former Kraft snack business Mondelez International began trading as two separate companies.

  • Stocks edge up; H-P sinks on Whitman's outlook Wednesday, 3 Oct 2012 | 4:20 PM ET

    The market's gains were held in check by a slump in energy stocks and Hewlett-Packard's 13 percent plunge. "The price action today seems boring, but the economic data is pretty strong," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.

  • Primedia asks Del. judge to toss shareholder suit Wednesday, 3 Oct 2012 | 4:15 PM ET

    WILMINGTON, Del.-- Primedia Inc. is asking a Delaware judge to dismiss a shareholder lawsuit challenging the acquisition of the Georgia- based house and apartment search guide publisher by private investment firm TPG Capital for $316 million.