Latest Business News Wires - Business Headlines


  • Several thousand people protest Haiti gov't Monday, 1 Oct 2012 | 9:08 AM ET

    PORT-AU-PRINCE, Haiti-- Several thousand people poured into the streets of Haiti's capital on Sunday to protest the government of President Michel Martelly.

  • LA mayor declares 'Carmageddon II' a success Monday, 1 Oct 2012 | 9:06 AM ET

    LOS ANGELES-- Traffic was flowing again on the city's busiest freeway following a weekend closure that was hailed a success by Mayor Antonio Villaraigosa after it didn't result in the "Carmageddon" of epic traffic jams.

  • Who is vying to replace NYC's Bloomberg in 2013? Monday, 1 Oct 2012 | 9:05 AM ET

    NEW YORK-- New York City's 2013 mayoral race doesn't fully kick off until after voters are done picking a president.

  • Visteon names veteran auto exec Leuliette as CEO Monday, 1 Oct 2012 | 9:04 AM ET

    DETROIT-- Auto parts maker Visteon Corp. has named former Dura Automotive CEO Timothy Leuliette as its new chief executive. Leuliette, 62, had been Visteon's interim CEO and chairman since Aug. 10, when Don Stebbins stepped down from the posts.

  • Ahead of the Bell: Citi Monday, 1 Oct 2012 | 8:54 AM ET

    NEW YORK-- A Sterne Agee analyst on Monday cut his rating for Citigroup Inc. to "Neutral" from "Buy," saying that he doesn't expect the bank's shares to rise significantly any time soon.

  • Ahead of the bell: Jakks Pacific downgraded Monday, 1 Oct 2012 | 8:54 AM ET

    NEW YORK-- The holidays might not be so merry for Jakks Pacific, which earned an analyst downgrade after cutting its guidance for the year. It now expects net income, excluding one-time items, of 68 cents to 74 cents per share on revenue of $690 million to $700 million for the year.

  • Opposition leader: Merkel fails to tackle crisis Monday, 1 Oct 2012 | 8:53 AM ET

    BERLIN-- The man who will challenge Angela Merkel to lead Germany next year has accused her government of failing to address the underlying causes of Europe's debt woes.

  • *Honeywell Int'l buying stake in Thomas Russell Monday, 1 Oct 2012 | 8:41 AM ET
  • UK officer in court on leak-offer charge Monday, 1 Oct 2012 | 8:36 AM ET

    LONDON-- A senior British counter-terrorism investigator has appeared in court charged with offering information to the now-defunct News of the World tabloid in 2010.. Detective Chief Inspector April Casburn is the first person charged in connection with Scotland Yard's investigation into corrupt payments made by journalists in return for scoops.

  • Ikea stores plan to only sell LED lighting by 2016 Monday, 1 Oct 2012 | 8:36 AM ET

    Ikea believes the shift to the longer-lasting bulbs will help set an environmentally friendly example in the industry and also save the company about $10 million to $20 million a year, or 10 percent, in lighting costs at its 300 stores around the globe, said Steve Howard, the company's chief sustainability officer.

  • *Oil retreats as gloom pervades economic outlook Monday, 1 Oct 2012 | 8:24 AM ET
  • Ikea deleted women from Saudi version of catalogue Monday, 1 Oct 2012 | 8:13 AM ET

    The report raised questions in Sweden about Ikea's commitment to gender equality, and the company released a statement expressing "regret" over the issue. "We should have reacted and realized that excluding women from the Saudi Arabian version of the catalogue is in conflict with the IKEA Group values," the company said.

  • *3M buying Ceradyne for about $847 million Monday, 1 Oct 2012 | 8:12 AM ET
  • Ahead of the Bell: Finish Line Monday, 1 Oct 2012 | 8:04 AM ET

    NEW YORK-- A Sterne Agee analyst on Monday raised his rating for Finish Line Inc. to "Neutral" from "Underperform," citing the athletic footwear company's new deal that will put its athletic footwear shops in more than 450 Macy's stores in the U.S.

  • South Africa starts investigating mine violence Monday, 1 Oct 2012 | 8:00 AM ET

    MARIKANA, South Africa-- A judicial panel on Monday investigated the rocky site where South African police killed 34 striking miners in August.

  • *ADT an independent public company after spinoff Monday, 1 Oct 2012 | 7:48 AM ET
  • US stock futures rise on cautious Euro optimism Monday, 1 Oct 2012 | 7:42 AM ET

    NEW YORK-- U.S. stock market futures rose Monday, following European markets higher, as investors cautiously welcomed the result of stress tests of Spain's banks and a slight improvement in a survey of the eurozone's manufacturing sector.

  • Mattress Firm shareholders plan offering Monday, 1 Oct 2012 | 7:26 AM ET

    HOUSTON-- Bedding company Mattress Firm Holding Corp. says some of its stockholders are planning to sell about 4.7 million shares of the company's common stock. Mattress Firm said Monday that it is not selling any shares in the proposed offering. The Houston company went public in November 2011 at $19 per share.

  • Ahead of the Bell: Wendy's downgraded Monday, 1 Oct 2012 | 6:57 AM ET

    NEW YORK-- An analyst lowered his rating on Wendy's Co. on Monday, saying that he has concerns that a key revenue metric may disappoint in the third quarter.

  • European markets rise but Spain downgrade looms Monday, 1 Oct 2012 | 6:43 AM ET

    LONDON-- European stocks edged higher on Monday as investors cautiously welcomed the result of stress tests of Spain's banks. But the threat that Moody's might downgrade the country's debt rating to junk status limited gains. Britain's FTSE 100 rose 1 percent to 5,800.63 while Spain's Ibex was up 0.6 percent at 7,752.10.