*China copper smelters agree to trim output. MELBOURNE, Nov 30- London copper and nickel sank early on Monday, shrugging off a wave of plans to cut output by struggling Chinese producers which traders said have just refueled jitters over the worsening shape of China's demand. Nine large copper producers in China agreed an initial plan to cut refined metal output...» Read More
DENVER-- The manager of a Denver Chipotle restaurant has become an Internet celebrity thanks to the wide-eyed pose he struck alongside Mitt Romney when the Republican presidential candidate stopped by for lunch. Marty Arps, 20, posed for a group photo with Romney and Chipotle Mexican Grill Inc. employees Tuesday afternoon.
EWING, N.J.-- Antares Pharma Inc. said Wednesday that it plans to sell 12.5 million shares of its stock for $4 per share, raising about $47 million after expenses. Shares of Antares fell 37 cents, or 8.4 percent, to $4.03 in afternoon trading Wednesday. It has traded between $1.51 and $5.58 in the last 12 months.
ST. LOUIS-- Bakers Footwear Group on Wednesday filed for Chapter 11 bankruptcy protection citing weak sales and mounting losses. Bakers filed in the Eastern District of Missouri. It plans to continue an existing plan to reorganize the company by selling up to 52 leases to Aldo U.S. Inc., closing other stores and selling off merchandise from closed stores.
SLIPPERY SLOPE: Lawmakers and policymakers are weighing how to use taxes and fees on oil and gas production to bolster state budgets and economies without alienating local communities or scaring away energy development.
Clinton says Tehran is responsible for the country's economic problems and Iran's currency hitting a record low against the U.S. dollar. Speaking Wednesday beside Kazakhstan's foreign minister, Clinton acknowledged that international sanctions have contributed to Iran's economic woes.
YEN FOR FLYING: The takeoff of AirAsia Japan, Peach Aviation and Jetstar Japan could change lifestyles in Japan. No longer will air travel be mostly confined to business trips and fancy vacations to places like Hawaii.
NEW YORK-- Thoratec Corp. shares rose Wednesday after a UBS analyst upgraded the stock, saying he is more confident in the heart device maker's growth prospects. THE SPARK: Analyst Rajeev Jashnani raised his rating on Thoratec shares to "Buy" from "Neutral," and increased his price target to $39 per share from $35.
CLEVELAND-- TransDigm Group Inc. said Wednesday it has asked lenders to increase its credit facility so that it can pay its shareholders a special dividend. The Cleveland- based aircraft parts maker said it is considering paying between $400 and $850 million to shareholders before the end of the year, using funds from the possible new debt financing.
JERUSALEM-- Workers at Israel's respected Haaretz newspaper have begun a strike to protest layoffs. The workers said Wednesday that they would not update the Haaretz website until midnight and will not publish the next day's paper. Haaretz has a relatively small circulation, but it is an influential daily popular with Israel's elite.
MARSHALL, Mich.-- The U.S. Environmental Protection Agency on Wednesday told Enbridge Inc. that the pipeline company's massive 2010 oil spill in the Kalamazoo River system requires more cleanup work. The agency says it informed Enbridge more work is need upstream from the Ceresco and Battle Creek dams and Morrow Lake.
ALBANY, N.Y.-- A state judge invalidated Binghamton's two-year moratorium on natural gas drilling, marking the first time a local law that would ban or delay hydraulic fracturing in New York has been struck down.
WASHINGTON-- Washington's Pennsylvania Avenue, sometimes called "America's Main Street," is being listed among the nation's endangered landscapes because of neglect and deferred maintenance by the National Park Service.
Union negotiators say workers and Connecticut Light& Power are still far apart on staffing and overtime issues and rejection of the proposed four-year agreement will automatically authorize a strike, though a work stoppage is by no means certain.
LOS ANGELES-- Netflix Inc. shares rose Wednesday after an analyst said customer satisfaction is on the rise following the price hike last year that irked subscribers. Internet users, including about half that either had a Netflix subscription or are currently subscribers.
SEATTLE-- Alaska Airlines' parent company said Wednesday that its traffic rose 5.1 percent last month as its number of available seats grew. Alaska, which is run by Alaska Air Group Inc., reported a 5 percent increase in capacity compared with a year earlier. Alaska Air Group shares rose 88 cents, or 2.5 percent, to $36.56 in afternoon trading.
NEW YORK-- Best Buy Co.' s shares climbed Wednesday because of a report indicating that its founder and former chairman Richard Schulze is making some headway with his potential buyout offer of the electronics retailer.
ST. PAUL, Minn.-- Office products maker 3 M Co. on Wednesday announced a reorganization that reduces the number of its major business segments to five from six. St. Paul, Minn.- based 3 M said that under its new structure its business segments will be consumer, industrial and health care, along with its newly formed safety& graphics and electronics& energy divisions.
LOWERING THE BAR: After years of rapid growth, Asia's developing economies now face much more modest prospects, the Asian Development Bank said Wednesday in a report that slashes growth forecasts for this year and next.
CORNING, N.Y.-- Corning Inc. said Wednesday that it is increasing its quarterly dividend by 20 percent. The glass and ceramics company will pay a dividend of 9 cents Dec. 14 to shareholders of record Nov. 16. Shares of the Corning, N.Y.- based company increased 21 cents to $13.45 in afternoon trading.