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Tuesday Afternoon Business Brief

October 2, 2012, 1:13 PM

Tuesday Afternoon Business Brief
  • Stocks weakened early in today's trading session. Investors could be taking a cue from the country's largest fertilizer company, Mosaic, which said weak demand from China and India is weighing on profits. Dupont and stocks of other companies in the materials industry also edged lower in sympathy.
  • Americans were buying more new cars and trucks in September. Newly reported numbers indicate that sales rose for most automakers. There were gains of more than 30 percent for Toyota and Volkswagen.
  • American Airlines says passenger seats on a third flight have come loose while the plane was in the air. The carrier, reorganizing in bankruptcy, says it is inspecting other jets with similar seating. The Federal Aviation Administration says it is also looking into the incidents.
  • Major League Baseball has agreed with Fox and Turner Sports on eight-year contracts. They'll run through 2021 and keep the World Series on Fox.
  • The parent of cellphone company T-Mobile USA says it is in talks to buy smaller MetroPCS Communications. If a deal is reached, it could help shore up two struggling smaller players in the U.S. wireless industry.

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