- Intel 3Q results dip but beat Street forecasts Updated: Oct-13-15 7:36 pm
SANTA CLARA, California - Intel Corp. on Tuesday reported third-quarter revenue and profit that were down slightly as the giant chip-maker continued to confront declining demand for personal computers.
- Village Voice has new owner with longstanding newspaper ties Updated: Oct-13-15 7:35 pm
NEW YORK - The United States' first alternative newsweekly has a new owner.
- Trump Entertainment Resorts CEO Bob Griffin retires Updated: Oct-13-15 7:09 pm
ATLANTIC CITY, New Jersey - The CEO of Trump Entertainment Resorts has retired with the transfer of its lone Atlantic City casino to billionaire Carl Icahn still pending.
- JPMorgan earns $6.27 billion, misses analysts' estimates Updated: Oct-13-15 6:58 pm
NEW YORK - JPMorgan Chase & Co. saw its third-quarter profits rise 22 percent from a year earlier, helped by a significant one-time tax benefit. But the bank's results still missed analysts' expectations as revenue declined in all of its core businesses.
- Top beer makers to join forces to face industry challenges Updated: Oct-13-15 6:46 pm
BRUSSELS - The world's biggest beer maker clinched a deal Tuesday to take over its nearest rival in a bid to stave off the megabrewers' most serious problems: the surge in popularity of craft brews and weakening sales in the rich markets of the U.S. and Europe.
- Tennessee officials told to avoid emailing about outsourcing Updated: Oct-13-15 6:30 pm
NASHVILLE, Tennessee - Officials mulling over the privatization of operations at state buildings, college campuses, prisons and armories are being discouraged from putting their thoughts into emails.
- Utility pondering future of aging coal-fired power plant Updated: Oct-13-15 6:25 pm
INDEPENDENCE, Missouri - A suburban Kansas City utility says its Missouri City power plant would cost too much to decommission or tear down, so for now the coal-fired plant north of the Missouri River will remain on standby.
- CSX delivers relatively flat 3Q profit despite volume dip Updated: Oct-13-15 5:50 pm
OMAHA, Nebraska - Tight cost controls helped CSX Corp. deliver relatively flat third-quarter profit even though the railroad hauled 3 percent less freight and continued facing weak coal demand.
- GE to sell business lending and leasing units to Wells Fargo Updated: Oct-13-15 4:28 pm
NEW YORK - General Electric said Tuesday that it is selling three of its corporate lending and leasing units to Wells Fargo, the latest step in industrial conglomerate's campaign to shed its financial units so it can focus on its core businesses.
- Xerox books $385M charge over state Medicaid contracts Updated: Oct-13-15 4:04 pm
Xerox will book a pre-tax charge of around $385 million in the third quarter, after the business services and copier company announced that it will not complete the implementation of new Medicaid payment systems for Montana and California.
- Massachusetts nuclear power plant to close by 2019 Updated: Oct-13-15 3:56 pm
BOSTON - The beleaguered Pilgrim Nuclear Power Station, the only nuclear power plant in Massachusetts, will close by June 2019 because it's becoming too expensive to run, its owner announced Tuesday.
- Japanese auto components company opening Jasper plant Updated: Oct-13-15 3:56 pm
JASPER, Alabama - A new automotive components plant in Jasper is expected to create 300 jobs.
- Oregon company sells southeast Alaska commuter operations Updated: Oct-13-15 3:38 pm
JUNEAU, Alaska - An Oregon-based commuter airline is shedding its Alaska operations to a local company better equipped to deal with the eccentricities of flying in Alaska.
- US stocks are lower as investors assess earnings, deals Updated: Oct-13-15 2:41 pm
NEW YORK - U.S. stocks moved lower on Tuesday as investors assess the latest deal news and company earnings reports. Ryder System led industrial stocks lower after it cut its profit forecast for the third quarter. Twitter rose after announcing that it would lay off staff as it strives to turn a profit.
- Ex-head of Chicago schools pleads guilty in kickbacks scheme Updated: Oct-13-15 2:41 pm
CHICAGO - The former head of Chicago Public Schools pleaded guilty Tuesday to a fraud charge in an alleged scheme to steer $23 million in no-bid contracts to education firms for $2.3 million in bribes and kickbacks.
- Inside FIFA case: How Blatter, Platini could face long bans Updated: Oct-13-15 2:15 pm
ZURICH - FIFA investigators are yet to be convinced there was any long-standing verbal agreement that led to Sepp Blatter secretly sanctioning the payment of 2 million Swiss francs (about $2 million) to Michel Platini.
- The Latest: Ex-Chicago Public School CEO apologizes Updated: Oct-13-15 1:26 pm
CHICAGO - The latest in the criminal case against former Chicago Public Schools CEO Barbara Byrd-Bennett (all times local):
- Ex-coal CEO on trial talks safety in secretly recorded calls Updated: Oct-13-15 1:14 pm
CHARLESTON, West Virginia - Prosecutors are continuing to replay phone calls ex-Massey Energy CEO Don Blankenship secretly recorded in his office.
- Johnson & Johnson posts mixed 3Q results, authorizes buyback Updated: Oct-13-15 1:05 pm
Johnson & Johnson, continuing a tough year of declining revenue, posted a 29 percent drop in third-quarter earnings as it was hammered by plunging sales of its hepatitis C medicine and unfavorable currency exchange rates.
- $20M asphalt plant under construction in North Pole Updated: Oct-13-15 11:46 am
FAIRBANKS, Alaska - A new $20 million asphalt plant will be built in North Pole.
- Under Armour chief financial officer to leave in February Updated: Oct-13-15 10:11 am
Under Armour Chief Financial Officer Brad Dickerson will leave the sports apparel maker early next year to pursue an opportunity outside that industry.
- Abu Dhabi's Etihad carrier signs $700M deal with IBM Updated: Oct-13-15 8:42 am
DUBAI, United Arab Emirates - Abu Dhabi's Etihad Airways, one of the Arab Gulf region's largest carriers, has signed a $700 million deal with IBM to develop its security, mobile and analytics technology.
- New Orleans, Ohio group working on business opportunities Updated: Oct-13-15 8:14 am
NEW ORLEANS - Officials at the Port of New Orleans plan to work with industry leaders from the Central Ohio River corridor to find new business opportunities between that region and the port.
- South Bend school board considering corporate sponsorships Updated: Oct-13-15 8:03 am
SOUTH BEND, Indiana - South Bend Community School Corp. officials have reviewed a policy that would allow for the sale of corporate sponsorships and naming rights to district facilities and property.
- Johnson & Johnson board approves $10 billion buyback plan Updated: Oct-13-15 7:23 am
NEW YORK - Johnson & Johnson says its board of directors approved a $10 billion stock buyback plan.