Business News

SEATTLE, Oct. 27 (UPI) -- U.S. retail giant Amazon.com said its foray into the retail wine business was over before it got to the starting gate.

SACRAMENTO, Oct. 27 (UPI) -- The city of Sacramento has halted construction of a water bottling plant pending a debate on new requirements for similar facilities.

CHICAGO, Oct. 27 (UPI) -- U.S. planemaker Boeing failed to make a decision on future production of the 787 Dreamliner, a critical matter for machinists, sources close the company said.

TAMPA, Fla., Oct. 27 (UPI) -- A former bank president in Tampa, Fla., and his wife were handed prison sentences after pleading guilty to a $79 million bank fraud scheme.

MOSCOW, Oct. 27 (UPI) -- The Russian government said a news leak had forced it to abandon a plan to sell up to 50 metric tons of gold to shore up its budget deficit.

RICHMOND, Va., Oct. 27 (UPI) -- Manufacturing activity rose for the sixth consecutive month in the central Atlantic states, the Richmond, Va., Federal Reserve Bank said Tuesday.

U.S. markets mixed Tuesday morning ... U.S. home prices rose month-to-month ... BAE Systems working with SFO ... Canadian jobless claims down in August ... News from United Press International.

NEW YORK, Oct. 27 (UPI) -- U.S. consumer confidence declined in October, for the second consecutive month, the Conference Board said Tuesday.

NEW YORK, Oct. 27 (UPI) -- The S&P/Case-Shiller price index said U.S. home prices in 19 of 20 cities monitored showed improved rates of decline in August over July.

LONDON, Oct. 27 (UPI) -- British defense contractor BAE Systems said it was working to resolve allegations that the company used bribes to secure deals in Europe and Africa.

OTTAWA, Oct. 27 (UPI) -- Jobless claims for Canadian federal employment insurance fell by 19,100, or 2.4 percent from July, Statistics Canada reported from Ottawa Tuesday.

NEW YORK, Oct. 27 (UPI) -- A former American International Group chairman is building his second U.S. insurance empire with the help of former AIG executives, an insurance expert said.

TORONTO, Oct. 27 (UPI) -- One of Canada's largest banks in Toronto issued a warning to the central bank Tuesday to intervene in the appreciation of the country's dollar, the loonie.

U.S. authorities said they are seeking to solve future financial crisis by allowing the government to unwind disruptive companies without taxpayer assistance.

NEW DELHI, Oct. 27 (UPI) -- The United States wants India to be among its top 10 trading partners, U.S. Trade Representative Ron Kirk said in New Delhi.