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Latest Business News Wires - Business Headlines


  • *News Summary: Exit from stock mutual funds in Sept Wednesday, 10 Oct 2012 | 2:08 PM ET
  • Shaun White's vandalism case delayed in Tenn. Wednesday, 10 Oct 2012 | 2:05 PM ET

    NASHVILLE, Tenn.-- A Nashville judge has delayed a public intoxication and vandalism case against two-time Olympic gold medalist Shaun White. The 26- year-old snowboarder was accused of pulling the fire alarm and destroying a phone at a Nashville hotel.

  • California gas prices see small drop Wednesday, 10 Oct 2012 | 2:02 PM ET

    LOS ANGELES-- California gas prices dipped slightly Wednesday after surging more than 40 cents a gallon in the past week. The weeklong spike was the largest, single-state weekly increase since Hurricane Katrina, and the highest weekly increase in California history, AAA spokesman Avery Ash said.

  • Fed survey: Most US regions show moderate growth Wednesday, 10 Oct 2012 | 2:02 PM ET

    WASHINGTON-- Nearly all regions of the United States are reporting that stronger housing markets have helped boost economic growth since the middle of August, according to a survey by the Federal Reserve. The Fed says growth improved in 10 of its 12 regional banking districts, while leveling off in one region and slowing in another.

  • Maine plays host to airports conference Wednesday, 10 Oct 2012 | 2:00 PM ET

    SOUTH PORTLAND, Maine-- Representatives from 35 airports and a dozen airlines are in Maine discussing the future of airline services. The two-day Eastern Airports Conference is being held Wednesday and Thursday at the Marriott at Sable Oaks in South Portland.

  • Counterfeit air bags called 'extreme safety risk' Wednesday, 10 Oct 2012 | 1:59 PM ET

    WASHINGTON-- Thousands of motorists may be driving cars and trucks installed with dangerous counterfeit bags and they should have them replaced at their own expense, the Obama administration warned Wednesday.

  • Jack Warner bans release of Trinidad crime reports Wednesday, 10 Oct 2012 | 1:58 PM ET

    PORT-OF-SPAIN, Trinidad-- Former world soccer vice president Jack Warner has forbidden the release of crime reports and statistics in his capacity as Trinidad's national security minister, saying that publicizing such information encourages people to commit more crime.

  • 'Breakfast at Tiffany's' aims for Broadway in 2013 Wednesday, 10 Oct 2012 | 1:57 PM ET

    NEW YORK-- There's a fresh push to get Holly Golightly onto a Broadway stage. Producers said Wednesday that a new adaptation of "Breakfast at Tiffany's" is aiming for a Shubert theater in New York City in February 2013.

  • Perrigo gets FDA OK to sell nicotine lozenges Wednesday, 10 Oct 2012 | 1:56 PM ET

    ALLEGAN, Mich.-- Perrigo Co., which makes store-brand over-the-counter drugs and infant formulas, said Wednesday that it received approval from the U.S. Food and Drug Administration to market an over-the-counter nicotine product similar to Nicorette mini lozenges.

  • Biden to play 'hardball' in VP debate Wednesday, 10 Oct 2012 | 1:55 PM ET

    WASHINGTON-- Four years ago, Joe Biden was careful not to appear overly aggressive in his vice presidential debate with Sarah Palin, then a newcomer to the national stage. Now, as he prepares to debate Paul Ryan, a 14- year House veteran and the top Republican budget writer, Biden is less concerned about looking like a bully.

  • High court questions Texas affirmative action plan Wednesday, 10 Oct 2012 | 1:54 PM ET

    WASHINGTON-- Supreme Court justices sharply questioned the University of Texas' use of race in college admissions Wednesday in a case that could lead to new limits on affirmative action. Justice Anthony Kennedy, whose vote could be decisive, looked skeptically on Texas' defense of the program. "

  • DeLay attorneys: Ex-GOP star didn't launder money Wednesday, 10 Oct 2012 | 1:52 PM ET

    House Majority Leader Tom DeLay told an appeals court Wednesday that the onetime GOP heavyweight's efforts to influence Texas elections may have been distasteful but weren't illegal.

  • *Bahamas to get 'Sidney Poitier' bridge Wednesday, 10 Oct 2012 | 1:51 PM ET
  • True Religion rises on news of possible sale Wednesday, 10 Oct 2012 | 1:27 PM ET

    NEW YORK-- True Religion Apparel's stock soared on Wednesday as investors embraced the clothing company's announcement that it is considering putting itself up for sale. THE ANALYSIS: Dorothy Lakner of Caris& Co. said in a client note that there's been speculation in the past that True Religion might look to sell itself, but believes that this time it's for real.

  • EU Official: Time running out on online privacy Wednesday, 10 Oct 2012 | 1:24 PM ET

    BRUSSELS-- A European Union official warns that time's running out to create a system to prevent Internet users from having every click recorded. Neelie Kroes, EU digital agenda commissioner, plans to warn in a speech Thursday that efforts to create a "do not track" Internet header aren't succeeding.

  • Virginia updates drought advisories Wednesday, 10 Oct 2012 | 1:19 PM ET

    RICHMOND, Va.-- Virginia is easing drought advisories for central Virginia and the northern Piedmont region, but keeping a watch in place for the Roanoke River region. The region includes 10 counties, from Appomattox to Prince Edward, and the cities of Colonial Heights, Petersburg and Hopewell.

  • BPA proposes 10-year contract with Alcoa smelter Wednesday, 10 Oct 2012 | 1:18 PM ET

    BELLINGHAM, Wash.-- The Bonneville Power Administration has proposed a 10- year power sales agreement with Alcoa Inc.' s Intalco smelter in Ferndale. The Portland- based federal power marketing agency is taking public comment on the proposal through Nov. 7. The BPA says the deal should help maintain the 625 jobs at the smelter six miles north of Bellingham.

  • NH Gov: $13.8 million surplus at fiscal year's end Wednesday, 10 Oct 2012 | 1:16 PM ET

    John Lynch said Wednesday that New Hampshire is in pretty good financial shape after achieving a $13.8 million budget surplus in the fiscal year that ended June 30. He said the surplus was notable given that there was a $22 million shortfall in Medicaid enhancement tax revenues and a $12 million drop in tobacco tax revenue.

  • Dollar trades in tight ranges ahead of Beige Book Wednesday, 10 Oct 2012 | 1:06 PM ET

    The euro rose to $1.2888 in afternoon trading from $1.2880 late Tuesday. The British pound slipped to $1.6003 from $1.6004. The dollar rose to 78.24 Japanese yen from 78.22 yen.

  • Darling's shares fall following analyst downgrade Wednesday, 10 Oct 2012 | 1:03 PM ET

    Shares of Darling International slumped 7 percent Wednesday following a downgrade by a BMO Capital Markets. THE ANALYSIS: Zaslow lowered his 2012 earnings estimate to $1.17 from $1.21 and his 2013 estimate to $1.40 from $1.55. SHARE ACTION: Darling International Inc. fell $1.14 to $16.41 by midday.