×

Top News & Analysis North America

  • Red Lobster is launching its biggest menu revamp in a decade on Oct. 15. We Specialize in Fresh Florida Seafood, but some of our Seafoods come from distant points of the compass, such as Maine, Maryland, Alaska, Peru, Chile and even South Africa to name but a few.

  • *3 M in $860 million deal to buy Ceradyne. *Ceradyne shares surge 42.9 percent; 3 M, Honeywell also gain. 3 M said it would pay $860 million to buy industrial ceramics company Ceradyne Inc, the biggest takeover deal for the maker of products ranging from Post-It notes to films used in television screens since it named Inge Thulin chief executive officer in February.

  • SAN FRANCISCO-- Prescription drug distributor McKesson Corp. said Monday that it agreed to buy Med3000, a health care management and technology service company. McKesson said the deal will expand its revenue management division. Shares of McKesson rose 34 cents to $86.37 in midday trading.

  • WASHINGTON-- A typical middle-income family making $40,000 to $64,000 a year could see its taxes go up by $2,000 next year if lawmakers fail to renew a lengthy roster of tax cuts set to expire at the end of the year, according to a new report Monday.

  • NEW YORK, Oct 1- U.S. The Institute for Supply Management said its index of U.S. factory activity rose to a reading of 51.5 in September as new orders and employment picked up.

  • DETROIT-- Honda is recalling 600,000 Accord midsize cars in the U.S. and Canada to fix a faulty power steering hose that can leak fluid and cause a fire. Honda has a report of one fire but no injuries or crashes. Any owner who suspects a leak should take their car to a dealer for inspection, Honda spokesman Ed Miller said Monday.

  • OMAHA, Neb.-- Little or no economic growth is likely this year in most of the nine Midwest and Plains states covered by a survey of business leaders, but the booming oil business will continue to drive growth in North Dakota and Oklahoma, according to the report released Monday.

  • Benchmark crude rose 14 cents to $92.33 around 1:30 p.m. in New York. Brent crude, which is used to price international varieties of oil, fell 61 cents to $111.78 on the ICE Futures Exchange in London. Prices at the pump slipped to $3.782 a gallon, according to AAA, Wright Express and the Oil Price Information Service.

  • PITTSBURGH-- Bass fishing, gas drilling and downtown Pittsburgh collided at a professional fishing tournament last week, and the unlikely partnership prompted cheers and concerns from anglers, environmentalists and the general public. One of the fishermen at the event said that even having a tournament in Pittsburgh is a sign of progress.

  • MERIDEN, Conn.-- State and federal officials are set to announce on Monday $121 million in federal funding for a high-speed rail project between New Haven, Conn. and Springfield, Mass.. In total, $365 million in state and federal funding has been committed to the Connecticut portion of the New England rail system.

  • NEW YORK-- Shares of Transocean Ltd. rose Monday after a Brazilian judge said that the company will be allowed to continue to operate drilling rigs in most fields off the shores of Brazil.

  • CHICAGO, Oct 1- As global economies from Beijing to Berlin struggle to keep their heads above water, a new wave of stimulus spending is under way.

  • *EU says Basel study lacks rigorous evidence. *Basel says Japan compliant overall with Basel III. *Basel says U.S. rules differ over securitisation.

  • PROVIDENCE, R.I.-- Gas prices climbed by a cent in Rhode Island in the past week. AAA Southern New England said Monday the average cost of a gallon of regular unleaded gas in the Ocean State is $3.96, up from $3.95. Over the last month, prices in Rhode Island have climbed 12 cents.

  • NEW YORK-- TRW Automotive Holdings Corp. said Monday that its board approved a $1 billion share repurchase plan, prompting an analyst to reiterate a "Buy" rating on the auto parts maker's stock. A significant portion of its sales come from Europe, where new vehicle demand has fallen this year amid the continuing economic uncertainty there.

  • TRENTON, N.J.-- New Jersey's second-largest public employee union has ratified a new contract that the Christie administration says reflects financial realities and budget constraints.

  • WASHINGTON-- American Express is paying $112 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services. American Express is refunding $85 million to about 250,000 customers and is paying $27.5 million in civil fines.

  • *Euro zone heading toward recession, China still slowing. NEW YORK, Oct 1- U.S. stocks advanced on Monday after a surprise expansion in U.S. manufacturing last month eased concerns about the economy and offset a gloomier outlook in Asia and Europe.

  • BOSTON-- The cost of a gallon of gasoline inched up by a penny in Massachusetts in the past week. AAA Southern New England reports Monday that self-serve, regular is now selling for an average of $3.84 per gallon. A year ago at this time the Massachusetts average price was $3.45.

  • *La Presse reports SNC made "dubious payments" to win Montreal contract.