Latest Business Wires

Infineon Technologies AG said Wednesday it was selected by the Chinese government as their supplier of security-chip technology for new electronic passports.

Macy's Inc. reported a smaller third-quarter loss as the department store operator benefited from tight inventory controls and a move to localize merchandise by region, leading it to raise its full-year outlook.

A new Web site allows music lovers to watch concerts for free online, choosing from five different camera angles as they watch.

Hewitt Associates Inc. is adding new contracts and its consulting revenue should get a boost as corporate spending recovers, a Deutsche Bank analyst said Wednesday as he upgraded the human resources consulting and outsourcing company.

Ten months after millions of cubic yards of coal ash spilled from a Tennessee Valley Authority dam, Gary Topmiller and his wife, Pam, said they are trapped in their home across the Emory River from the site and "living in hell."

A Fairfax County company has won a nearly $27 million contract to provide engineering and technical support for the U.S. Navy's navigation systems in the United States and abroad.

Plans to build a movie studio in Plymouth have been put on hold after developers canceled a $550 million construction loan agreement.

NutraCea, which refines rice bran into food products, says it filed for Chapter 11 bankruptcy protection to it can remain in business while selling off some of its operations and slashing costs.

With New York drowning in deepening deficit spending and running out of cash to pay huge bills due next month, the Legislature met in special session Tuesday and put off what Gov. David Paterson called the "tough decisions to save our state."

Republic Airways will establish an airline hub in Milwaukee County, a move that will retain 800 local jobs and could bring hundreds more to the area.

Athletic shoe and apparel company K-Swiss Inc. on Wednesday said its board authorized a new program to buy back up to $70 million in stock.

Shares of Adobe Systems Inc. should have more room to climb following recently announced job cuts, a Jefferies & Co. analyst said Wednesday.

Cummins Power Generation Inc. said it will raise the price of its commercial power generator sets, which are used in factories and office buildings, starting Jan. 1, while freezing the prices of other products.

Catholic bishops have emerged as a force in the health care overhaul fight, working behind the scenes in Congress to get strong abortion restrictions into the House bill.

Philippine fast-food giant Jollibee Foods Corp. said Wednesday its net profit for the third quarter rose 5.2 percent from a year ago as booming business in China made up for weak domestic sales.

Belo Corp. said Wednesday it has priced a $275 million bond offering it plans to use for paying down a line of credit.

Flowers Foods Inc. said Wednesday its fiscal third-quarter profit rose 17 percent as sales of branded breakfast bread and multi-pack cake were strong.

Drug developer Vertex Pharmaceuticals Inc. said Wednesday that holders of $109 million in convertible notes due in 2013 have agreed to swap the notes for about 4.8 million shares of common stock.

German airport operator Fraport AG said Wednesday its October group passenger levels were nearly unchanged from a year ago, while cargo levels improved for the first time in more than a year.

Taiwan has banned foreign investors from placing money in certain bank accounts, the latest move by developing countries to slow an influx of international hot money created by massive government stimulus measures around the world.