Executives, unions closer to sealing deal on sale of Chicago Sun-TimesCHICAGO — A major roadblock in a deal to sell the Chicago Sun-Times could be removed soon. 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. 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. Argentine astronomer calculated orbits of Halley’s Comet and Saturn’s outermost moonBUENOS AIRES, Argentina — Pedro Elias Zadunaisky, an Argentine astronomer and mathematician whose calculations helped determine the orbit of Saturn’s outermost moon, Phoebe, as well as Halley’s Comet, died Wednesday. He was 91. Dollar edges higher against major currencies ahead of ECB, BoE interest rate decisionsNEW YORK — The dollar edged higher against major currencies Wednesday as investors looked ahead to upcoming European Central Bank and Bank of England interest rate decisions on Thursday. CBO says health Care bill to expand coverage to 94 percent at 10-year cost of $829 billionWASHINGTON — Health care legislation drafted by a key Senate committee would expand coverage to 94 percent of all eligible Americans at a 10-year cost of $829 billion, congressional budget experts said Wednesday, a preliminary estimate likely to power the measure past a major hurdle within days. 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. CBO: health Care bill expands coverage to 94 percent of eligible coverageWASHINGTON — Health care legislation drafted by a key Senate committee would expand coverage to 94 percent of all eligible Americans at a 10-year cost of $829 billion, congressional budget experts said Wednesday, a preliminary estimate likely to power the measure past a major hurdle within days. 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. 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. FCC chair warns of ‘looming spectrum crisis,’ seeks ways to meet demand for wireless servicesSAN DIEGO — The chairman of the Federal Communications Commission warns of a “looming spectrum crisis” if the government fails to find new ways to ensure there is enough bandwidth for mobile devices. California Realtors see dip in home sales next year, but rising pricesLOS ANGELES — Home sales in California are expected to dip next year, bucking the national trend, as unemployment and the loss of a tax incentive for homebuyers weigh on the country’s largest housing market, a forecast Wednesday showed. Homeowners rush to refinance mortgages after interest rates fall below 5 percent againEvery dollar counts in this economy. 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. Tiger Woods and Michelle Wie make pitch for Olympic golf ahead of IOC vote in CopenhagenTiger Woods and Michelle Wie are making a pitch for golf to enter the program for the 2016 Rid de Janeiro Olympics. 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. 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. Consumers reduce their outstanding debt by $12 billion in August, 7th straight dropWASHINGTON — Consumers reduced their borrowing for the seventh straight month in August, as households worked to pay off debt and banks reduced credit card limits. Crash course in geology: Water-seeking probe to smack into moon as world watchesWASHINGTON — NASA will throw a one-two punch at the big old moon Friday and the whole world will have ringside seats for the lunar dust-up. 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. NASA downgrades threat of 885-foot asteroid striking Earth in 2036LOS ANGELES — Earth can breathe a sigh of relief. Realtors group sees dip in Calif. home sales next year, but rising pricesLOS ANGELES — The California Association of Realtors is forecasting sales of single-family homes will dip slightly and prices will rise modestly next year. Hinchey: Internal Navy document shows new presidential helicopter triples cost, slows deliveryWASHINGTON — An internal Navy document shows new plans to replace the president’s fleet of helicopters will cost taxpayers more and take years longer to deliver than a recently scrapped contract, a New York Democrat said Wednesday. Quieter than health overhaul foes, grass-roots supporters are working hard, Obama camp saysNEW YORK — Fired up? Ready to go? You might not know it from the way President Barack Obama’s grass-roots supporters have been largely drowned out in the raucous debate over his health care plan. 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. 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 theme parks to Blackstone GroupBRUSSELS — Anheuser-Busch InBev says it will sell its U.S. theme parks to the Blackstone Group for $2.7 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. |
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