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KTVI Business News

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Updated: 3 min 55 sec ago

Obama to comment on unemployment report Friday before going to Camp David retreat

Fri, 09/03/2010 - 3:40am
WASHINGTON (AP) — President Barack Obama will speak to reporters Friday after the Labor Department releases its monthly jobless report.
Categories: Business

China orders action to cool surging food prices, boost supplies amid shortages

Fri, 09/03/2010 - 2:34am
BEIJING (AP) — China has ordered local leaders to cool a surge in politically sensitive food prices by raising vegetable production amid rising tensions in poor countries over surging food costs.
Categories: Business

Public watchdog groups fault secrecy around bidding for lucrative Illinois Lottery contract

Fri, 09/03/2010 - 2:31am
CHICAGO (AP) — With less than two weeks before Illinois Gov. Pat Quinn awards a lucrative, first-of-its-kind contract for the private management of the state's $2 billion-a-year lottery, some are criticizing the selection process as too secretive and questioning whether it favors one powerful bidder.
Categories: Business

Tractor rollovers _ the top cause of death on US farms _ decline as farmers upgrade equipment

Fri, 09/03/2010 - 2:16am
Dairy farmer Anthony Marco was compressing a long row of chopped hay beneath his tractor two weeks ago, preparing it as winter feed for his cows, when the 4-ton machine suddenly toppled over as he drove it along the pile's steep sides.
Categories: Business

Reclusive New Zealand billionaire unwraps packaging ambitions with big deal in US

Fri, 09/03/2010 - 12:50am
WELLINGTON, New Zealand (AP) — The reclusive New Zealand billionaire buying the U.S. maker of Hefty brand trash bags to create the world's second-biggest packaging business started out as a tow truck driver and bounced back from the brink of bankruptcy more than a decade ago to become his country's richest person.
Categories: Business

Comfort Inn becomes hurricane hostel for those who choose to ride out Earl on Outer Banks

Fri, 09/03/2010 - 12:33am
BUXTON, N.C. (AP) — A two-story Comfort Inn has become a makeshift hurricane hostel on North Carolina's Outer Banks for those who want to stay close to their homes but know they need better shelter from the onslaught of Earl.
Categories: Business

Esterline Technologies shares rise after 3rd-quarter earns beat, higher outlook

Fri, 09/03/2010 - 12:32am
NEW YORK (AP) — Shares Esterline Technologies Corp. rose Friday after the defense contractor reported fiscal third-quarter earnings that beat analysts expectations and raised its annual outlook.
Categories: Business

Texas firm temporarily plugs ND oil well that spilled more than 2,400 barrels of crude, water

Fri, 09/03/2010 - 12:29am
BISMARCK, N.D. (AP) — A ruptured oil well in western North Dakota was temporarily plugged on Friday after leaking more than 2,400 barrels of crude and water, company officials said.
Categories: Business

Judge blocks charges against Kuwaiti-based military supplier, but case could be revived

Fri, 09/03/2010 - 12:18am
ATLANTA (AP) — The federal case against a Kuwait-based food supplier accused of defrauding the U.S. government of $68 million was dealt a stinging setback after a judge moved to block the charges.
Categories: Business

Business events and economic reports scheduled for the coming week

Fri, 09/03/2010 - 12:03am
Markets closed for Labor Day.
Categories: Business

A look at economic developments and activity in major stock markets around the world

Fri, 09/03/2010 - 12:01am
A look at economic developments and activity in major stock markets around the world Friday:
Categories: Business

Seattle teachers approve 3-year contract, vote 'no confidence' in superintendent

Thu, 09/02/2010 - 11:24pm
SEATTLE (AP) — Seattle's teachers have approved a new three-year contract, which means classes will begin as scheduled Sept. 8.
Categories: Business

WA court closes book on Betcha.com, saying optional payment by losers not enough to skirt law

Thu, 09/02/2010 - 7:27pm
OLYMPIA, Wash. (AP) — All bets are off at Betcha.com, a Seattle-based online bookmaker that couldn't skirt the state's gambling laws by making it optional for losing bettors to pay off wagers.
Categories: Business

Mass. AG tracking deliveries of propane lacking odorant to locations across NE, New York

Thu, 09/02/2010 - 7:12pm
BOSTON (AP) — A fatal explosion at a Massachusetts condominium project has led the state attorney general to investigate the delivery of faulty propane to locations across New England and New York.
Categories: Business

Here are some of the differences between the latest Gulf oil explosion and the blast in April

Thu, 09/02/2010 - 7:07pm
Here are some differences between the Deepwater Horizon rig disaster April 20 and the oil production platform explosion Thursday in the Gulf of Mexico:
Categories: Business

3 dead dead in small plane crash in lagoon off San Francisco Bay

Thu, 09/02/2010 - 6:51pm
REDWOOD SHORES, Calif. (AP) — A small plane that crashed into a shallow lagoon off San Francisco Bay on Thursday, killing three people, belonged to the founder of a local steel company who was believed to be among the dead.
Categories: Business

Star witness in Petters fraud case sentenced to 1 year for involvement in Ponzi scheme

Thu, 09/02/2010 - 6:01pm
ST. PAUL, Minn. (AP) — A judge sentenced the woman who blew the whistle on Tom Petters' $3.7 billion Ponzi scheme to one year in prison Thursday, even as he praised her cooperation with federal prosecutors.
Categories: Business

Analyst: GM plans to start selling shares on Nov. 18 after two-week road show for investors

Thu, 09/02/2010 - 5:59pm
DETROIT (AP) — General Motors plans to start trading shares again on Nov. 18, timing that allows the company one more quarter of earnings to build its case to investors, a firm that researches initial public offerings said Thursday.
Categories: Business

Major Canadian pension fund approached about joint Potash bid with Chinese

Thu, 09/02/2010 - 5:55pm
TORONTO (AP) — The head of a major Canadian pension fund said Thursday a Chinese sovereign wealth fund is interested in making a joint bid with a Canadian pension fund for fertilizer-maker Potash Corp. of Saskatchewan Inc.
Categories: Business

Janitor company ABM Industries settles Calif. suit for $5.8M; women alleged rape, harassment

Thu, 09/02/2010 - 5:42pm
FRESNO, Calif. (AP) — Federal authorities say a national janitorial services company will pay 21 female workers $5.8 million to settle a sexual assault and harassment lawsuit.
Categories: Business

Current weather

St. Louis

Clear sky
  • Clear sky
  • Temperature: 89.6 °F
  • Wind: South, 15 mph, gusts up to 28.8 mph
  • Pressure: 1012 hPa
  • Rel. Humidity: 32%
  • Visibility: 10 miles
  • Sunrise: 11:34 GMT
  • Sunset: 0:26 GMT
Reported on:
Mon, 09/06/2010 - 2:51pm

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