Latest Business Wires

Singapore's tourist arrivals fell slightly in October from a year earlier as global travel slowly recovered.

China Eastern Airlines is teaming up with Chinese e-commerce giant Alibaba, hoping to cash in on an online shopping frenzy to boost ticket sales.

China's economic planning agency has formally approved a plan to build a Disney theme park in Shanghai, ensuring the city will have a new showcase attraction after next year's World Expo has wound down.

South Korea's trade chief urged Washington on Tuesday to implement a stalled free trade deal, warning the U.S. would suffer if Seoul's agreement with the European Union takes effect first.

Most Americans don't expect a health care overhaul to affect their lives directly, but those who worry about the fallout outnumber those expecting to come out ahead, a poll out Tuesday has found.

After showing signs of improvement in early fall, sales of clothing and luxury goods weakened a bit the first half of November, compared with a year ago, when stores pulled shoppers in with massive discounts, figures released Tuesday show.

South Korea pledged Tuesday to double aid to African nations over the next three years in an effort to better reach out to the continent rich in energy resources, growth potential and business opportunities.

More than 2.1 million drop-side cribs by Stork Craft Manufacturing are being recalled, the biggest crib recall in U.S history, following reports of four infant suffocations.

A judge cleared the way Monday for a Canadian company to pay $583,000 for the Pontiac Silverdome, built for $55.7 million in 1975 to house the NFL's Detroit Lions.

Kinder Morgan Energy Partners LP said Monday that it expects to pay out an annual cash dividend of $4.40 per unit in 2010, up from $4.20 in 2009.

A federal judge has sentenced a suburban Detroit man described as one of the world's most prolific senders of spam e-mail to more than four years in prison for his role in a 2005 stock fraud scheme that netted him $2.7 million.

Billionaire investor Carl Icahn has offered a higher sum than Penn National Gaming Inc. to open bidding at a bankruptcy auction for the unfinished Fontainebleau Las Vegas casino-resort on the Las Vegas Strip.

Insurer Max Capital Group Ltd. said Monday that David Kalainoff has been appointed president of reinsurance operations.

Paint and coatings maker Valspar Corp. said Monday its fiscal fourth-quarter profit climbed as the company trimmed the cost of sales and research and development expenses.

Chipmaker Analog Devices Inc. said Monday its net income fell 27 percent in the fiscal fourth quarter, as demand declined for semiconductors in its industrial and communications business.

Defense contractor KBR said Monday the U.S. Air Force has asked it to bid for future task orders under the Worldwide Environmental Restoration and Construction program.

Mortgage finance company Freddie Mac said Monday it could lose $500 million or more as a result of the bankruptcy protection filing of Taylor, Bean & Whitaker Mortgage Corp.

Gladstone Commercial Corp., a real estate investment trust, said Monday it will create a new class of ownership by offering senior common shares in a private sale.

Oil and natural-gas producer Concho Resources Inc. said Monday it will increase production in the Southwest with the purchase of drilling assets for $225 million in cash.

Among the earnings stories for Monday, Nov. 23, from AP Financial News: