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Items from Schilling company hit RI auction block

October 24, 2012 • BusinessComments Off

Auction company employee Bianco Christofaro works that backside during an auction of the remnants of former Boston Red Sox pitcher Curt Schilling’s video gaming company, 38 Studios, in Providence, R.I., Tuesday, Oct. 23, 2012. The artwork at right is auction item 149. The auction, put on by court-appointed receiver Richard Land, comes four months...

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Fox sets viewership record with 3rd debate

October 24, 2012 • BusinessComments Off

Republican presidential nominee Mitt Romney and President Barack Obama answer a question during the third presidential debate at Lynn University, Monday, Oct. 22, 2012, in Boca Raton, Fla. (AP Photo/Pool-Win McNamee) NEW YORK (AP) — While it set a...

Norfolk Southern 3Q profit falls 27 percent

October 24, 2012 • BusinessComments Off

FILE – In this Tuesday, Oct. 9, 2012, file photo, a Norfolk Southern Railroad train pulls transport cars full of coal through central Illinois near Goodfield, Ill. Norfolk Southern Corp. says the weak economy contributed to a 27 percent drop in profits...

Hasbro 3rd-qtr profit falls 4 pct, revenue drops

October 23, 2012 • BusinessComments Off

FILE – In this Feb. 5, 2011, file photo, toys by Hasbro are displayed in New York. Hasbro Inc. announced Monday, Oct. 22, 2012 that its third-quarter net income was down by 4 percent. But the Pawtucket, R.I.-based company remains confident heading into...

Land battles surface in Myanmar as reforms unfold

October 23, 2012 • BusinessComments Off

In this photo taken on Sept. 16, 2012, Zay Thiha, vice chairman of the Zaykabar Company, talks during an interview in Yangon, Myanmar. Zay Thiha predicts, ambitiously, that the 2,500 acre industrial zone alone could create 1.5 million stable jobs in Southeast...

Yahoo CEO starts reign with encouraging 3Q report

October 23, 2012 • BusinessComments Off

This Wednesday, Oct. 17, 2012, photo, shows a sign in front of Yahoo! headquarters in Sunnyvale, Calif., Wednesday, Oct. 17, 2012. Yahoo has ushered in Marissa Mayer as its new CEO with a third-quarter earnings report that topped analyst estimates. The...

Caterpillar sees weak economy as it cuts outlook

October 23, 2012 • BusinessComments Off

FILE – In this Wednesday, June 20, 2012, file photo a caterpillar machine is used at the Clinton Landfill in Clinton, Ill. Caterpillar cut its profit and revenue guidance on Monday, Oct. 22, 2012, saying the world’s economic conditions “are weaker...

Russia’s Rosneft buys out TNK-BP

October 23, 2012 • BusinessComments Off

FILE – In this Oct. 18, 2012 file photo, a plaque of Rosneft is seen outside its headquarters in Moscow, Russia. British oil company BP says it has agreed to sell its stake in its TNK-BP joint venture to Russian oil company Rosneft for US$17.1 billion...

Without buyer, Dominion to close Wis. power plant

October 23, 2012 • BusinessComments Off

This undated photo provided by Dominion Resources Inc. shows the 56-megawatt Kewaunee Power Station in Carlton, Wis. Dominion Resources Inc. announced Monday, Oct. 22, 2012, that it plans to close and decommission Kewaunee Power Station in the second quarter...

Private equity firm to buy Ancestry.com for $1.6B

October 23, 2012 • BusinessComments Off

This undated image provided by Ancestry.com shows a family tree made on the genealogy website Ancestry.com which agreed to be acquired by a group led by European private equity firm Permira Funds in a cash deal valued at about $1.6 billion on Monday, Oct ....