Business News

AP Top Business News At 1:51 p.m. EDT

Not so fast cordcutters_cable's not going anywhere
NEW YORK (AP) -- Cord cutters rejoiced last week after HBO and CBS announced plans to sell stand-alone streaming services, a move that cable and satellite television providers have resisted for years. Customers tired of paying big fees for hundreds of channels they never watch just to have access to a few favorite shows might be expected to start cancelling cable service in droves. Get Netflix, throw in HBO, add a network here and there - why would anyone sign up now for cable?...

US agency warns car owners to get air bags fixed
DETROIT (AP) -- A potential crisis over defective air bags widened Monday as the U.S. government issued an urgent plea to more than 4.7 million people to get their cars fixed....

Survey: Pay raises rarer despite strong US hiring
WASHINGTON (AP) -- U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months....

IBM to pay $1.5B to shed its costly chip division
NEW YORK (AP) -- IBM will pay $1.5 billion to Globalfoundries in order to shed its costly chip division....

Canadian Pacific ends CSX deal talks
Canadian Pacific Railway has ended talks with U.S. counterpart CSX about a possible combination and plans no more discussions....

US stocks move higher; IBM disappoints
NEW YORK (AP) -- U.S. stocks moved mostly higher Monday following a turbulent week. IBM fell sharply after reporting results that missed investor expectations....

Germany, France to draw up investment plans
BERLIN (AP) -- Germany and France agreed Monday to draw up proposals by the beginning of December to boost investment as they try to come up with a strategy that will help shore up the European economic recovery....

Toyota adds 247K vehicles to air bag recall tally
DETROIT (AP) -- Toyota is recalling 247,000 vehicles in high-humidity areas as an air bag problem that has plagued most of the auto industry continues to widen....

Fire exposes illegal Chinese factories in Italy
PRATO, Italy (AP) -- The first thing the firefighters saw was the arm sticking out of the barred window on the second floor of the factory. Flames reached through the partially collapsed roof and a high column of smoke darkened the winter sky. This fire had been burning for some time....

Sears plans to raise more cash via rights offering
HOFFMAN ESTATES, Ill. (AP) -- Sears is looking to raise more cash, announcing that it is planning a rights offering that may raise up to $625 million....

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Up to the Minute
US stocks move higher; IBM disappoints

Vehicles with air bag problem that should be fixed

Lorillard CEO to get $44M after Reynolds merger

US agency warns car owners to get air bags fixed

Fire exposes illegal Chinese factories in Italy

Canadian Pacific ends CSX deal talks

US stocks move mostly higher; IBM disappoints

GM ignition switch death count rises to 29

China's growth likely to slow, research group says

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