Latest Business News Wires - Business Headlines


  • Indicted resort suitor's lawyer wants off case Friday, 12 Oct 2012 | 3:00 PM ET

    BOISE, Idaho-- The lawyer for a would-be Tamarack Resort buyer under federal indictment wants off the fraud case, citing deep communication problems over legal strategy and a potential conflict of interest.

  • Sears' Hometown spinoff rises in debut Friday, 12 Oct 2012 | 2:58 PM ET

    NEW YORK-- Shares of Sears Holdings Corp.' s spinoff of its Hometown and Outlet Stores are rising on their debut trading day. The Hoffman Estates, Ill., company, which runs Kmart and Sears stores, had signaled in February that it would split off Sears Hometown and Outlet Stores Inc. as a separate publicly traded entity.

  • US drops 2 to 1,835 rigs exploring for oil, gas Friday, 12 Oct 2012 | 2:58 PM ET

    Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,411 rigs were exploring for oil and 422 were searching for gas. Of the major oil- and gas-producing states, Texas gained four rigs while Alaska, New Mexico and Oklahoma gained one apiece. Arkansas, Colorado, North Dakota and Wyoming lost one rig apiece.

  • *3 cars of freight train derail in central Pa. Friday, 12 Oct 2012 | 2:57 PM ET
  • *Detroit to rehire 26 firefighters with $5.6M grant Friday, 12 Oct 2012 | 2:55 PM ET
  • *SC nuke plant gets extra checks after power outage Friday, 12 Oct 2012 | 2:54 PM ET
  • Linn climbs in 1st trading day Friday, 12 Oct 2012 | 2:49 PM ET

    NEW YORK-- Shares of LinnCo LLC, a subsidiary of oil and natural gas developer Linn Energy LLC, rose nearly 4 percent in its first day of trading on the Nasdaq. The Houston company raised about $1.1 billion in its initial public stock offering, selling 30.3 million shares for $36.50 each. Trading under the "LNCO" symbol, shares added $1.30 to $37.80 in afternoon trading.

  • Earnings Preview: UnitedHealth reports on 3Q Tues Friday, 12 Oct 2012 | 2:43 PM ET

    UnitedHealth Group Inc. has spoiled the surprise for investors by already stating that its third-quarter net income will top Wall Street expectations, but the nation's largest health insurer will release more details on Tuesday.

  • Dems in coal states diverge on Obama policies Friday, 12 Oct 2012 | 2:34 PM ET

    They fault President Barack Obama and his Environmental Protection Agency for new clean air rules they deride as a devastating blow to a multibillion-dollar industry that has been the lifeblood of Appalachia for generations.

  • *DPS says 3 die in Central Texas helicopter crash Friday, 12 Oct 2012 | 2:27 PM ET
  • SAfrica: Striking truckers sign wage deal Friday, 12 Oct 2012 | 2:24 PM ET

    JOHANNESBURG-- A strike by 20,000 truckers in South Africa ended Friday with an agreement to increase wages, said the strikers' union. The truckers signed a three-year wage deal that gives them a 10 percent pay raise in the first year, said Vincent Masoga, spokesman for the South African Transport and Allied Workers' Union.

  • Greenbrier resort buys historic W.Va. course Friday, 12 Oct 2012 | 2:10 PM ET

    CHARLESTON, W.Va.-- The Greenbrier resort is buying one of the nation's oldest golf courses after it failed to sell at auction over the summer, the resort's owner told The Associated Press on Friday. Greenbrier owner Jim Justice confirmed the purchase of Oakhurst Links.

  • FDA regulation of pharmacies has knotty history Friday, 12 Oct 2012 | 1:57 PM ET

    But this isn't the first time Congress has pushed for more authority over the industry. And with a gridlocked Congress at its most unproductive in decades, experts don't expect to see new laws passed anytime soon.

  • *News Summary: EU wins Nobel Peace Prize Friday, 12 Oct 2012 | 1:55 PM ET
  • 4 players file bounty appeals to NFL Friday, 12 Oct 2012 | 1:47 PM ET

    NEW ORLEANS-- All four players punished in the NFL's bounty investigation have filed appeals with the league. One of the people also says New Orleans linebacker Jonathan Vilma expects to play at Tampa Bay on Oct. 21 while his appeal is pending.

  • Fidelity Investments to build center near Omaha Friday, 12 Oct 2012 | 1:41 PM ET

    OMAHA, Neb.-- Fidelity Investments has selected the Omaha suburb of Papillion for its new, $200 million data center, the company said Friday.

  • Arkansas-based Tyson to audit treatment of animals Friday, 12 Oct 2012 | 1:38 PM ET

    LITTLE ROCK, Ark.-- The nation's largest meat company, Tyson Foods Inc., announced Friday that it will do an animal treatment audit of suppliers' farms.

  • Best Buy to match some rivals' online pricing Friday, 12 Oct 2012 | 1:29 PM ET

    NEW YORK-- Best Buy said Friday that it has authorized its store staffers to match online prices of competitors in some cases, as it beefs up service offerings as the all-important holiday season kicks off. Best Buy and others already offer price-matching guarantees for local competitors' brick-and-mortar stores.

  • Somali pirates release Greek-owned ship for ransom Friday, 12 Oct 2012 | 1:21 PM ET

    MOGADISHU, Somalia-- A Liberian-flagged Greek-owned ship and its crew of 21 Filipinos who were held hostage by pirates for eight months have been released following the payment of a $2.3 million ransom, a Somali pirate said Friday.

  • *Japan, China to hold talks after island row Friday, 12 Oct 2012 | 1:20 PM ET