GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Ciena reports 1Q loss Thursday, 5 Mar 2015 | 7:13 AM ET

    HANOVER, Md. _ Ciena Corp. on Thursday reported a loss of $18.8 million in its fiscal first quarter. Ten analysts surveyed by Zacks expected $559 million. For the current quarter ending in April, Ciena said it expects revenue in the range of $585 million to $615 million.

  • LONDON/ GENEVA, March 5- Final stage trials of an Ebola vaccine being developed by Merck and NewLink Genetics will begin in Guinea on March 7, the World Health Organization said on Thursday. Signalling global health authorities' determination to see through trials despite a sharp drop in cases in the West Africa epidemic, the WHO said a second shot, developed by...

  • The Economic and Monetary Union of West Africa plans to issue 2,865 billion CFA francs in debt this year, down 22.4 percent from 2014 when both Ivory Coast and Senegal issued Eurobonds. UEMOA comprises Benin, Burkina Faso, Ivory Coast, Mali, Guinea-Bissau, Senegal, Niger and Togo. "What's more, the union's growth perspectives are favorable, with a medium-term growth...

  • LONDON, March 5- British fund manager Schroders Plc reported a better than expected jump in profits on Thursday, as net inflows more than tripled and assets under management rose to a record level, sending its share price to a fresh life-time high. Schroders said it took in a net 24.8 billion pounds of new investments over the year and added 12.3 billion pounds from...

  • *Libya has declared force majeure on 11 oilfields. LONDON, March 5- Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on tensions in Iraq and Libya. It seems to be that the market does seem to be paying a little bit of attention to geopolitical factors, namely Iraq and Libya, "said Virendra...

  • LONDON, March 5- The Bank of England marked the sixth anniversary of its cutting interest rates to a record low by keeping them on hold once again on Thursday, but an improving economy suggests rates are likely to rise at some point over the next 12 months. While no economist polled by Reuters expects the Monetary Policy Committee will vote to raise rates before a...

  • Bank of England votes to keep interest rates steady Thursday, 5 Mar 2015 | 7:01 AM ET

    LONDON— The Bank of England has opted to keep interest rates steady at 0.5 percent even as the economic recovery brings the prospect of rate hikes closer. Governor Mark Carney has suggested rates could fall if inflation remains low, but said that's unlikely. Samuel Tombs, economist at Capital Economics, says the bank is likely to remain in "wait and see" mode until...

  • NEW YORK, March 5- Exchange-traded funds designed to let investors play China's bond markets, which are mostly closed to foreigners, are facing a slow start amid concerns about mainland issuers' credit quality, high property prices and the slowing economy. At more than $5 trillion, China's onshore fixed-income markets are outranked only by the U.S. and Japanese...

  • NEW YORK, March 5- St. Paul- based 3 M Co, one of the world's largest manufacturers and the maker of Post-it notes, will take new steps to ensure that its suppliers of paper, pulp and packaging provide materials that come from sustainably logged timber. The new paper-sourcing policy, aimed at preventing the destruction of forests, comes after pressure on 3 M from...

  • City Office REIT reports 4Q results Thursday, 5 Mar 2015 | 6:57 AM ET

    VANCOUVER, British Columbia _ City Office REIT Inc. on Thursday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in Vancouver, British Columbia, said it had funds from operations of $3.3 million, or 26 cents per share, in the period. The real estate investment trust, based in Vancouver, British Columbia, posted...

  • Dynavax Technologies reports 4Q loss Thursday, 5 Mar 2015 | 6:48 AM ET

    BERKELEY, Calif. _ Dynavax Technologies Corp. on Thursday reported a loss of $22.3 million in its fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.06 per share. Dynavax Technologies shares have climbed 26 percent since the beginning of the year.

  • Methode tops 3Q profit forecasts Thursday, 5 Mar 2015 | 6:48 AM ET

    CHICAGO _ Methode Electronics Inc. on Thursday reported fiscal third-quarter net income of $27.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. Four analysts surveyed by Zacks expected $209.7 million.

  • Liberty Tax posts 3Q profit Thursday, 5 Mar 2015 | 6:48 AM ET

    VIRGINIA BEACH, Va. _ Liberty Tax Inc. on Thursday reported fiscal third-quarter net income of $1.8 million. Liberty Tax shares have decreased 26 percent since the beginning of the year. Keywords: Liberty Tax, Earnings Report.

  • Ahead of the Bell: US productivity Thursday, 5 Mar 2015 | 6:47 AM ET

    WASHINGTON— The Labor Department issues its revised report on productivity in the fourth quarter Thursday at 8:30 a.m. Eastern. SLOW GOING: The expectation is that productivity fell at an annual rate of 2.4 percent in the fourth quarter, according to economists surveyed by data firm FactSet. COST CRUNCH: In the initial estimate of productivity, the government...

  • Achillion reports 4Q loss Thursday, 5 Mar 2015 | 6:42 AM ET

    NEW HAVEN, Conn. _ Achillion Pharmaceuticals Inc. on Thursday reported a loss of $21.6 million in its fourth quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • MOSCOW, March 5- Russia's central bank continues to see lowering inflation as its priority, but needs to take into account how its policies impact the real economy, the bank's new head of monetary policy said in an interview cleared for publication on Thursday. In his first public comments since his appointment in January, First Deputy Governor Dmitry Tulin said "...

  • U.S. Concrete posts 4Q profit Thursday, 5 Mar 2015 | 6:39 AM ET

    EULESS, Texas _ U.S. Concrete Inc. on Thursday reported fourth-quarter net income of $867,000, after reporting a loss in the same period a year earlier. On a per-share basis, the Euless, Texas- based company said it had profit of 6 cents. U.S. Concrete shares have climbed 7 percent since the beginning of the year.

  • LONDON, March 5- Britain is ready to force the sale of Russian oligarch Mikhail Fridman's recently acquired North Sea energy assets unless it receives unspecified assurances within the next week, Prime Minister David Cameron's spokesman said on Thursday. "If assurances are not supplied, we've set out our position and our intention to act, and the prime minister...

  • Ahead of the Bell: US factory orders Thursday, 5 Mar 2015 | 6:36 AM ET

    WASHINGTON— The U.S. Commerce Department reports on January factory orders Thursday at 10 a.m. Eastern. Weak growth in China, Europe and Japan has depressed demand for American exports. The Institute for Supply Management reported Monday that its manufacturing index slipped to 52.9 in February, down from 53.5 in January.

  • Ares Commercial Real Estate posts 4Q profit Thursday, 5 Mar 2015 | 6:33 AM ET

    CHICAGO _ Ares Commercial Real Estate Corp. on Thursday reported fourth-quarter net income of $8.9 million. Ares Commercial Real Estate expects full-year earnings to be $1.02 to $1.14 per share. Ares Commercial Real Estate shares have climbed almost 6 percent since the beginning of the year.