Latest Business News Wires - Business Headlines


  • BEIJING, June 5- China has stepped up efforts to stop quarterly economic growth falling towards 7 percent and thinks it has been successful for now after preliminary signs that a rapid slowdown has been arrested, sources involved in policy discussions say.

  • HONG KONG, June 5- As Alibaba prepares for what could be the biggest tech company IPO to date, the Chinese e-commerce giant has been counselling employees on how to deal with the roughly $41 billion they could unlock through a New York listing.

  • In Japan, labor crunch pushes businesses to reform Wednesday, 4 Jun 2014 | 5:00 PM ET

    TOKYO, June 5- Don Quijote and Uniqlo, two of Japan's best-known mass-market retailers, aren't waiting for the government's new growth policies due later this month before implementing their own labor reforms.

  • WASHINGTON/ LOS ANGELES, June 4- Netflix Inc is telling customers that Verizon Inc and other Internet providers are to blame for slow speeds as the video streaming service pushes to avoid paying for faster delivery of its movies and TV shows.

  • NEW YORK/ LONDON, June 4- Gold slipped on Wednesday as investors fretted over the possibility of an upcoming European Central Bank rate cut and uncertainties over key U.S. jobs data due later this week.

  • NEW YORK, June 4- Actively managed mutual funds are becoming less active, according to a new worldwide study conducted by Nasdaq OMX Group that will be released Thursday.

  • NEW YORK, June 4- The S&P 500 ended at a record for the fourth time in five sessions on Wednesday, led by gains in the technology sector, as investors brushed off weaker-than-expected labor market data and focused on an acceleration in services-sector growth.

  • NEW YORK, June 4- Brent and U.S. crude ended lower on Wednesday as hopes that a peace plan from Ukraine's president-elect might help ease the crisis with Russian separatists cooled oil's earlier rally.

  • WASHINGTON, June 4- The Keystone XL oil pipeline would be vulnerable to attacks threatening water supplies for millions of homeowners and farmers, according to a report by NextGen Climate, a political group led by billionaire activist Tom Steyer.

  • U.S. Senator Paul won't budge on blocking tax treaties Wednesday, 4 Jun 2014 | 4:01 PM ET

    No new tax treaties or treaty updates have been approved by the Senate since 2010, when Paul was first elected on a wave of support from supporters of the Tea Party movement. Before Paul's election, tax treaties were routinely approved by the Senate. Under Senate rules, one senator can place a "hold" on a motion for a vote, preventing it from reaching the Senate floor.

  • UPDATE 1-UAW elects Dennis Williams as president Wednesday, 4 Jun 2014 | 4:01 PM ET

    DETROIT, June 4- The United Auto Workers union elected Dennis Williams to a four-year term as its president on Wednesday, putting him in charge of a union facing tricky contract talks with Detroit's "Big Three" automakers next year.

  • SAN FRANCISCO, June 4- True Ventures said it raised $290 million for its fourth venture fund amid a climate of greater optimism for venture capital, which is digging itself out of an era of low returns and investor discontent.

  • PARIS, June 4- Russia expects France to honor a contract to sell it two Mistral helicopter carriers, President Vladimir Putin said on Wednesday in an interview with French media, also raising the prospect of other deals.

  • NEW YORK/ WASHINGTON, June 4- A federal appeals court on Wednesday handed the U.S. Securities and Exchange Commission a big victory by voiding a judge's pathbreaking decision to reject the regulator's $285 million fraud settlement with Citigroup Inc..

  • BUENOS AIRES, June 4- Argentine growers say they will increase sales of freshly-harvested soy later this month to raise cash needed to make mid-year farm credit payments, temporarily bucking the trend toward hoarding.

  • U.S. small-business hiring rises in May - NFIB Wednesday, 4 Jun 2014 | 3:05 PM ET

    WASHINGTON, June 4- U.S. small businesses increased hiring in May, indicating underlying strength in the labor market even as overall job growth is expected to have cooled last month. The National Federation of Independent Business said on Wednesday small-business owners added an average of 0.11 workers per firm last month.

  • NEW YORK, June 4- U.S. Treasuries yields edged up on Wednesday as investors took profits from the recent rally, before Thursday's highly anticipated European Central Bank meeting. "A lot of the ECB has been priced in and you see some profit taking ahead of them," said Sean Murphy, a Treasuries trader at Societe Generale in New York.

  • June 4- British drugmaker GlaxoSmithKline Plc has agreed to pay $105 million to settle allegations by 44 U.S. states and the District of Columbia that it promoted its medicines for unapproved uses, several states attorneys general announced on Wednesday.

  • NEW YORK, June 4- U.S. stocks rose on Wednesday, with the S&P 500 hitting another intraday record high as investors brushed off weaker-than-expected labor market data and focused on an acceleration in services-sector growth.

  • UAW elects Dennis Williams as president Wednesday, 4 Jun 2014 | 2:06 PM ET

    DETROIT, June 4- The United Auto Workers union elected Dennis Williams to a four-year term as its president on Wednesday. He faces difficult 2015 contract talks with the three major U.S. automakers, General Motors Co, Ford Motor Co and Chrysler, a unit of Fiat Chrysler Automobiles, as UAW members will press for the elimination of a two-tiered wage scale.