Italy’s faces tough judicial, political battles after top court overturns immunity lawROME — Premier Silvio Berlusconi faces judicial and political battles after a top Italian court overturned a law granting him immunity from prosecution and cleared the way for his corruption and tax fraud trials to resume in Milan. Mr. Geithner, Wall Street is on Line 1 (again): When these men call, the Treasury boss answersWASHINGTON — Even during his most frenzied days, when Congress is demanding answers or the president himself is calling, Treasury Secretary Timothy Geithner makes time to talk to a select group of powerful Wall Street bankers. Asian stock markets rise modestly as investors eye company earnings; oil above $70HONG KONG — Asian stock markets were modestly higher as investors eyed earnings from major companies for clues about the health of the global economy. Agreement on Chicago Sun-Times sale closer as union leaders tentatively back contract changesCHICAGO — A major roadblock to sealing a deal on the sale of the Chicago Sun-Times appears to have been swept away. NCR chief financial officer to resign, controller named interim CFODULUTH, Ga. — NCR Corp. said Wednesday that its chief financial officer is resigning to take a new position with business telephone and Internet communications provider Avaya Inc. General Motors names Buick head Susan Docherty to replace Mark LaNeve as US sales chiefDETROIT — Less than a week after reporting a sharp drop in September sales, GM said its U.S. sales chief is leaving as the automaker struggles to prop up its falling share of the market. 2nd hearing on bill proposing ban on importation of foreign nuclear waste set for next weekSALT LAKE CITY — An effort to ban the importation of foreign nuclear waste has been given new life with a hearing set for next week in Washington, D.C. Nutrition, food stamp, dairy programs among winners in spending billWASHINGTON — Nutrition, food stamp and dairy aid programs were among the winners as the House on Wednesday approved a $121 billion agriculture spending bill for the 2010 budget year. Yum Brands, Monsanto, Family Dollar, Costco, Google are among big market movers WednesdayNEW YORK — The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange: Marriott International to release third quarter results, record $760 million chargeCHICAGO — Marriott International Inc. reports results for its fiscal third quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period. Midwest governors see room, need for cooperation on clean energy efforts despite competitionDETROIT — Governors from across the Midwest are working together to promote clean energy industry and infrastructure in the region despite heated competition between their states for new investment and jobs. Media6Degrees hires former Google executive Tom Phillips to be its CEOPHILADELPHIA — Media6Degrees said Wednesday that it has hired a former Google Inc. executive to serve as its chief executive. Alcoa posts surprise 3rd-quarter profit of $77M; forecasts higher global aluminum demandPITTSBURGH — Painful cost-cutting and rising sales to automakers helped the nation’s largest aluminum producer return to profitability for the first time in nine months. Kroger CEO Dillon still expects union accord in Colorado after latest contract rejectionCINCINNATI — The Kroger Co.’s chief executive says he remains confident of working out a settlement with grocery workers in Colorado. Executives urge senators to pass climate bill, argue it will spur new energy technologiesWASHINGTON — Executives from about 150 companies, many involved in renewable energy technologies, heard a pep talk at the White House and then combed the halls of Congress on Wednesday to argue for passage of a climate bill that is facing an uphill fight in the Senate. Mine Safety and Health Administration issues safety, health warnings to 10 US minesCHARLESTON, W.Va. — The operators of 10 U.S. mines, including the largest private-sector coal company in the world, have been warned they must improve health and safety conditions or face stricter enforcement and penalties, the federal Mine Safety and Health Administration said Wednesday. Correction: General Dynamics contract storyFAIRFAX, Va. — In an Oct. 6 story about a $140 million contract awarded to a unit of General Dynamics Corp. by the U.S. Coast Guard, The Associated Press erroneously identified the unit as General Dynamics Advanced Information Systems. The unit that received the contract is General Dynamics Information Technology. Beer maker sells Seaworld, Busch Gardens to Blackstone private equity for $2.3B-plusShamu, meet your new parents. Anheuser-Busch InBev said Wednesday it will sell its 10 theme parks across the country, including the three SeaWorlds and two Busch Gardens, to private equity firm Blackstone Group for at least $2.3 billion. Wendy’s/Arby’s hires Andy Skehan as International senior vice presidentATLANTA — Wendy’s/Arby’s Group Inc. said Wednesday it hired former Quizno’s executive Andy Skehan as its vice senior vice president of its international unit. Outside consulting firm gives Citigroup management overall good review, WSJ saysNEW YORK — An independent consulting firm has given Citigroup Inc.’s management team a good review, but the embattled bank could see more changes among its top ranks, The Wall Street Journal reported Wednesday. Costco Wholesale CFO Richard Gallanti talks about competition and deflationAs consumers have limited their spending, retailers have become increasingly competitive to lure them into their stores — typically focusing on value to draw the cost-conscious. At the same time, retailers are seeing prices drop on some items as manufactures adjust to lower demand, lower input prices and other factors. Alcoa reports surprise 3rd-quarter profit of $77M, forecasts higher global aluminum demandPITTSBURGH — Alcoa Inc., the largest U.S. aluminum producer, on Wednesday said it returned to profitability after three consecutive quarterly losses, helped by cost-cutting and rising orders from automakers and other big manufacturers. Morale boost: Small business owners try talking, paying, partying to lift employee spiritsNEW YORK — As Bart Cleveland talks to employees of his ad agency, he sees the strain. Stocks finish mixed after 2 days of gains as investors wait for Alcoa; Dollar reboundsNEW YORK — After two big days, it was time for the stock market to take a break. Banco Santander, Verisk attract $10 billion through IPOs as market shows more signs of thawNEW YORK — There is growing evidence that the market for initial public offerings is rebounding after essentially disappearing at the height of the credit crisis as two new issues raised a combined $10 billion Wednesday. Oil prices fall below $70 a barrel as traders focus on weak US demandNEW YORK — Oil prices fell Wednesday as traders shrugged off an unexpected drop in crude supplies and focused instead on government data that showed Americans still have little appetite for more petroleum. Visteon judge rejects insider bonuses, approves incentives for lower managersWILMINGTON, Del. — A Delaware bankruptcy judge has rejected a request by auto parts supplier Visteon Corp. to approve bonuses of up to $8.1 million for its 12 top officers. Signs of hard times for shoppers: fixation on bargains at Family Dollar; Pizza Hut strugglesNEW YORK — People aren’t just shopping more at Family Dollar. They’re buying the cheapest stuff on its racks. Even Pizza Hut’s sales are slowing as consumers seek fast-food bargains. EPA to meet with Texas regulators on how to fix state’s often-criticized pollution rulesDALLAS — Federal regulators who ruled Texas’ often-criticized oversight of industrial air pollution is out of line with federal law are taking the first step to change the state’s air-permit rules. Ky. veterans hospital nurse charged with giving patient a lethal dose of morphine 3 years agoLOUISVILLE, Ky. — A nurse at a Veterans Affairs hospital in Lexington is accused of killing a 90-year-old patient with a morphine injection three years ago, according to an indictment released Wednesday. |
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