Business News Headlines

U.S. factories lose steam but private sector steps up hiring

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WASHINGTON - Growth in U.S. factory activity slowed more than expected in September even as hiring in the private sector accelerated, signs of an uneven expansion in the U.S. economy.

1:30pm EDT

Ebola concerns lift Lakeland and Alpha in heavy trading

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NEW YORK - Shares of Lakeland Industries and Alpha Pro Tech rallied on Wednesday in heavy trading, following news a day earlier of the first diagnosis of a patient in the United States with Ebola. | Video

2:08pm EDT

New York Times to cut jobs as new products disappoint

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- The New York Times Co said it would cut jobs, including about 7.5 percent of newsroom positions, to slash costs as its print advertising revenue dwindles and new products - while "journalistic sensations" - fail to live up to expectations.

Tech, Media 1:35pm EDT

Exclusive: Goldman leads investment by Wall Street in new communications platform

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NEW YORK - After spending two years developing a wide-ranging communications tool for Wall Street, Goldman Sachs Group Inc says it has reached the perfect pitch.

Money, Tech 10:50am EDT

September U.S. car sales show industry's torrid pace slowing

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DETROIT - U.S. auto sales in the third quarter were the best in eight years, but mixed September results from leading automakers on Wednesday indicated the industry's torrid summer pace is slowing.

2:08pm EDT

Coca-Cola, bowing to pressure, amends employee equity plan

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- Coca-Cola Co, facing criticism from Warren Buffett and other investors for its outsized employee share rewards, said it had adopted new guidelines that would limit its stock compensation plan and improve transparency.

1:13pm EDT

Ford loses bid to recoup $450 million interest on overpaid taxes

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- A federal appeals court rejected Ford Motor Co's bid to recoup about $450 million of interest from the U.S. government on taxes overpaid by the automaker.

12:21pm EDT

Ackman's Pershing Square raises $3 billion in fund listing

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LONDON - Pershing Square Holdings, a fund managed by activist investor Bill Ackman, raised $3.07 billion ahead of a stock market listing in Amsterdam, the company said on Wednesday.

Deals, Money 6:36am EDT

Special Report: In foreign hands, British automakers overtake France

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LONDON/PARIS - When Britain lost its last native car company 20 years ago, it was lamented across the political spectrum as a national catastrophe.

7:46am EDT

Exclusive: BATS eyes Concannon, Marques for exchange president

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NEW YORK - BATS Global Markets has narrowed its search for a new president to two industry executives with close ties to the No. 2 U.S. stock market operator, three sources familiar with the situation said on Wednesday.

2:04pm EDT
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.