Bargaining begins in earnest for control of 3 Trump casinos in Atlantic CityCAMDEN, N.J. — Both sides in the battle to buy Trump Entertainment Resorts and its three Atlantic City casinos out of bankruptcy are digging deeper in their pockets to try to make it happen. General Motors says US sales chief leaves following sharp drop in September salesDETROIT — 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. Google CEO: Economic recovery underway in Europe as well as in the USNEW YORK — Google Inc. is seeing an economic recovery under way, not just in the U.S., but also in Europe, CEO Eric Schmidt said Wednesday. ConocoPhillips raises dividend 6 pct, plans to sell $10B of assets and lower capital spendingNEW YORK — ConocoPhillips on Wednesday said it will increase its quarterly dividend 6 percent, sell $10 billion of assets and lower capital spending in 2010 in an effort to strengthen its financial position. Global economic crisis accelerates China’s ascent, but what role will it play?BEIJING — The auto-parts maker Delphi Corp. is headquartered in Troy, Mich., in the heart of the region that made the United States the car capital of the world. It’s a place where the phrase “buy American” is right at home. Regulators warn 10 mining companies about potential health, safety violationsWASHINGTON — Federal safety regulators on Wednesday warned 10 mining companies that their operations have a potential pattern of health or safety violations. Trial of South Africa’s ex-top cop opens window into shady world of criminal kingpinsJOHANNESBURG — The corruption trial of South Africa’s ex-top cop is opening a window into a shady world of criminal kingpins and alleged graft at the highest levels in law enforcement. Top court overturns Italian premier’s immunity, Berlusconi spokesman says he won’t resignROME — Prime Minister Silvio Berlusconi vowed to stay on and “go forward” Wednesday after an Italian court struck down a law granting him immunity from prosecution and allowed trials for corruption and tax fraud to resume in Milan. There were immediate calls for his resignation. Brewer Anheuser-Busch InBev sell SeaWorld, Busch theme parks to Blackstone for at least $2.3BAnheuser-Busch InBev said Wednesday it will sell its theme parks, including the three SeaWorlds and two Busch Gardens across the country, to private equity firm Blackstone Group for at least $2.3 billion. Anheuser-Busch InBev raises $2.7 billion from selling SeaWorld, Busch Gardens theme parksBRUSSELS — Anheuser-Busch InBev SA, the world’s largest brewer, said Thursday that it will raise $2.7 billion from selling its U.S. theme parks to the Blackstone Group. Viasystems to buy rival circuit-board maker Merix in all-stock dealBEAVERTON, Ore. — Viasystems Group Inc. is acquiring rival circuit-board maker Merix Corp. in an all stock deal that will make Viasystems a public company. General Motors says North American sales chief leaves following sharp drop in Sept. salesDETROIT — Less than a week after reporting a sharp drop in September sales, GM said its North American sales chief is leaving as the automaker struggles to prop up its falling share of the market. Banco Santander completes IPO for Brazilian unit as it looks to expand in South AmericaNEW YORK — Spanish financial giant Banco Santander SA has raised $8.1 billion with an initial public offering of shares in its Brazilian subsidiary, the largest IPO in the world this year. Anheuser-Busch InBev seals deal to sell amusement parks to Blackstone for at least $2.3BNEW YORK — Anheuser-Busch InBev is selling its theme parks, including SeaWorld and Busch Gardens, to private equity firm Blackstone Group for at least $2.3 billion. NC Internet marketing company to expand SC operations, add 1,000 jobs over next 5 to 7 yearsCOLUMBIA, S.C. — Officials say a North Carolina Internet marketing and sales company will expand and move its headquarters to South Carolina, creating 1,000 new jobs in the next few years. Oil falls 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. Seed maker Monsanto posts larger 4Q loss as herbicide sales slump, adjusted earns top viewST. LOUIS — Monsanto Co., the world’s biggest seed maker, said Wednesday its fourth-quarter loss widened to $233 million in the fourth quarter on lower revenue, led by a drop in sales of its Roundup herbicide which is facing on onslaught of generic competition. Stocks slip after 2 days of gains as market waits for Alcoa; Dollar reboundsNEW YORK — Investors waiting for earnings reports to start in earnest sent stocks modestly lower Wednesday following a two-day spike. Patrick Birmingham named publisher of Knoxville News Sentinel, will oversee Ind., SC papersKNOXVILLE, Tenn. — Patrick Birmingham, president and publisher of the Corpus Christi Caller-Times in Texas, has been named president and publisher of the Knoxville News Sentinel. GM’s US sales chief leaves as company tries to boost market shareDETROIT — General Motors Co.’s North American sales chief is leaving the automaker as it continues its furious effort to get leaner and boost its slipping market share, GM CEO Fritz Henderson said Wednesday. Stock trading is muted after 2 days of gains as market waits for Alcoa; Dollar reboundsNEW YORK — Stocks are wavering after a two-day spike as the dollar rebounds and traders await corporate profit reports. Oil rises slightly after government reports crude supplies drop unexpectedlyNEW YORK — Oil prices rose Wednesday after the government reported an unexpected drop in crude supplies. Verisk Analytics shares soar immediately in trading debut; offering price higher than expectedNEW YORK — Shares of Verisk Analytics Inc., an insurance data specialist that first signaled that it planned to offer shares to the public shortly before the collapse of Lehman Brothers, soared Wednesday in their trading debut. Iraqi PM: Number of security forces strains budget, hinders reconstructionBAGHDAD — Iraq’s government payroll has become so heavy with soldiers and police that it’s now hindering reconstruction, Iraq’s prime minister warned Wednesday, raising the possibility of security force cutbacks just as U.S. combat troops are pulling out. Stocks fall in early trading as dollar strengthens; investors await corporate earnings reportsNEW YORK — Stocks fell after a two-day spike as the dollar rebounded and traders awaited corporate profit reports. Volunteers weigh in on new grocery products at Kroger centerCINCINNATI — Before they reach store shelves, food and drinks proposed to be made for Kroger Co.’s brands must pass muster with taste-testers who are paid in nibbles and sips and in-store coupons. Stocks slide in early trading as dollar strengthens; investors await start of earnings seasonNEW YORK — Stocks are slipping in early trading as investors await the kickoff of earnings season and as the dollar strengthened. Ciena offers $521 million for Nortel business units, path open to higher bidsTORONTO — Ciena Corp. is offering cash and stock worth $521 million to acquire some of Nortel’s most-prized remaining business units as the fallen telecommunications company continues to liquidate. Southwest posts 8.8 percent increase in September passenger trafficDALLAS — Southwest Airlines Co. said Wednesday its September traffic rose 8.8 percent, as the airline cut capacity but filled a greater percentage of its seats. Ciena agrees to buy Nortel assets for $521 million, path still open for higher bidsLINTHICUM, Md. — Ciena Corp. says it has agreed to buy the optical networking and carrier Ethernet assets of Nortel Networks’ Metro Ethernet Networks business for roughly $521 million in cash and stock. |
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