Business News - Top Headlines

SEOUL, South Korea (AP) — Asian markets opened mostly lower Wednesday as investors waited for an update on the U.S. economy from the Federal Reserve and for some clarity from the Fed about its future course.

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MEXICO CITY (Reuters) - Mexico's state oil producer, Pemex, said on Tuesday it had evacuated its Mexico City headquarters, the site of a deadly explosion in January, after a bomb threat. "In the face of the threat, we're applying security measures at the Pemex tower in Mexico City," Pemex said in a tweet around 8:48 p.m. (0148 GMT Wednesday). A company spokesman confirmed there was a bomb threat and said there were very few people in the building at the time of the evacuation. Another Pemex spokeswoman could not immediately provide details on how the threat arrived. ...

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NEW YORK (Reuters) - A New York City real estate company offered to buy the Empire State Building for $2 billion, a written offer showed, significantly below the skyscraper's appraisal price and about three weeks after investors in the iconic building approved a plan to take the tower public in a real-estate investment trust. ...

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Airliner cockpit panels by decade's end could resemble giant iPads, as the current dizzying array of knobs and switches gives way to touch screens, suppliers at the Paris International Air Show say.

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In what is becoming something of an emerging trend, no pun intended, developing world stocks and many of the ETFs that track them are cascading lower even on days when U.

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SHANGHAI (Reuters) - General Motors Co aims to have 10 percent of China's luxury market by 2020, its China chief said on Wednesday. Bob Socia made the comment in a roundtable ahead of a ground breaking ceremony for GM's new Cadillac plant in the outskirts of Shanghai. (Reporting by Samuel Shen and Kazunori Takada; editing by Jonathan Standing)

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SEATTLE (Reuters) - United Airlines said on Tuesday that a Boeing Co 787 on its way to Tokyo from Denver was diverted to Seattle after an indication of a problem with an oil filter in an engine, but the plane landed without incident. The unscheduled diversion is the latest hiccup for Boeing's newest plane, which has been beset by problems and only recently returned to the skies after regulators grounded it worldwide due to trouble with its batteries. ...

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ENGLEWOOD, Colo. (AP) — Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already considers a superior offer from Japan's Softbank.

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NEW YORK (AP) — The American Beverage Association says efforts by the mayors of 18 cities to stop food stamps from being used to buy sugary drinks won't make the nation healthier.

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Wal-Mart, in its efforts to catch up to Amazon, is creating a vast new logistics system that includes building warehouses for Web orders but also uses workers in stores to pack and mail items to customers.

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