Latest Business News Wires - Business Headlines


  • *Asian shares in cautious mood after soft finish on Wall St. SYDNEY, April 4- Asian markets settled in for a subdued session on Friday as investors counted down the hours to the U.S. jobs report, while the euro nursed a grudge after the European Central Bank opened the door to more aggressive easing, albeit not just yet.

  • April 3- The U.S. Food and Drug Administration is increasing its oversight of Chinese manufacturers of pharmaceutical ingredients to improve the safety of the U.S. drug supply chain, the director of the agency's China office, Christopher Hickey, said on Thursday.

  • HSBC's composite emerging markets index of manufacturing and services purchasing managers' surveys slipped to 50.3 from 51.1 in February, teetering on the 50 threshold that marks the difference between expansion and contraction.

  • April 3- Mylan Inc on Thursday sued Celgene Corp to stop the latter's effort to keep generic versions of two drugs that generate $4.5 billion of annual sales off the market.

  • SYDNEY, April 4- The euro traded at one-month lows against the dollar early on Friday, having suffered a bit of a setback after the European Central Bank notched up its dovish rhetoric following a widely expected decision to leave interest rates unchanged.

  • Synnex results beat estimates as IT spending rises Thursday, 3 Apr 2014 | 6:35 PM ET

    April 3- Hardware distributor Synnex Corp reported better-than-expected quarterly results as it benefited from higher spending on information technology and the acquisition of International Business Machines Corp's customer-care business process outsourcing operations.

  • DETROIT, April 3- General Motors Co again boosted discounts on its full-size Chevrolet Silverado pickups after being outsold in March by Chrysler's Ram 1500.. On its website, Courtesy Chevrolet of Phoenix on Thursday was advertising a 2014 Silverado 2500 HD Crew Cab for $44,669, a $10,066 discount off the sticker price.

  • UPDATE 1-GrubHub IPO values company at about $2.04 bln Thursday, 3 Apr 2014 | 6:25 PM ET

    April 3- GrubHub Inc's initial public offering was priced at $26 per share, slightly above an already raised price range, valuing the biggest U.S. online food delivery services company at about $2.04 billion. The price range was raised to $23- $25 per share from $20- $22 on Tuesday.

  • North Las Vegas, Nevada, facing insolvency -Fitch Thursday, 3 Apr 2014 | 6:25 PM ET

    April 3- The city of North Las Vegas is nearing insolvency and could default on some of its $436 million of outstanding debt, Fitch Ratings warned on Thursday. City Councilman Wade W. Wagner is "cautiously optimistic" that North Las Vegas will pass a balanced budget, he told Reuters.

  • Toyota union vote in Canada delayed Thursday, 3 Apr 2014 | 6:23 PM ET

    April 3- The union pushing to organize Toyota Motor Corp's Canadian plants said on Thursday it would delay a worker vote after Toyota said some 7,500 employees would be eligible to join the unit, nearly 1,000 more than the union had believed.

  • WASHINGTON, April 3- President Barack Obama's plan for overhauling the National Security Agency's phone surveillance program could force carriers to collect and store customer data that they are not now legally obliged to keep, according to U.S. officials.

  • LOS ANGELES, April 3- Comedian David Letterman, who brought a sardonic, offbeat wit to late-night television, along with bits such as "Stupid Pet Tricks" and his "Top 10" list, will retire as host of "The Late Show" on CBS in 2015, he said during the taping of his show in New York.

  • WASHINGTON, April 3- Bank of America Corp is close to settling with a U.S. consumer regulator over the sale of services sold as add-ons to credit cards, sources familiar with the talks said.

  • SAN FRANCISCO, April 3- Nest Labs Inc, the maker of smart thermostats that Google Inc acquired for $3.2 billion, called a halt to all sales of its smoke alarms on Thursday after it discovered a possible defect that could cause users to turn it off unintentionally.

  • April 3- GrubHub Inc's IPO was priced slightly above its expected price range at $26 per share, valuing the biggest U.S. online food delivery services company at about $2.04 billion. The IPO, which was expected to be priced between $23- $25 per share, raised about $192.5 million. Citigroup and Morgan Stanley were the lead underwriters to the offering.

  • MILAN, April 3- Google has paid a 1 million euro fine imposed by Italy's data protection watchdog over complaints that cars it used to record images on Italian streets in 2010 were not clearly recognisable, the regulator said on Thursday.

  • April 3- Exxon Mobil Corp, the world's largest publicly traded oil company, has agreed to disclose more information about the environmental risks of hydraulic fracturing, the process known as fracking.

  • SAO PAULO, April 3- A group of 14 banks led by Grupo BTG Pactual SA on Thursday removed a firm commitment to subscribe to part of a 24.22 billion reais share offering by Brazilian phone carrier Grupo Oi SA if investor demand falls short. Itaú Unibanco Holding SA and Banco Bradesco SA considered pulling out of the deal on Tuesday, sources told Reuters that day.

  • ADVISORY-Exxon Mobile Thursday, 3 Apr 2014 | 5:35 PM ET

    April 3- The slug EXXONMOBIL-COMPTROLLER is being changed to EXXONMOBIL-FRACKING/DATA beginning with Update 1.

  • UPDATE 3-Stein to step down from depleted Fed board Thursday, 3 Apr 2014 | 5:22 PM ET

    NEW YORK, April 3- Federal Reserve Governor Jeremy Stein, who has spearheaded the debate over whether monetary policy should be used to combat asset bubbles, will step down next month, leaving another big hole in the ranks of the U.S. central bank. Stein will leave on May 28 to return to his teaching post at Harvard University.