GO
Loading...

Latest Business News Wires - Business Headlines

More

  • "The negative pressures facing most providers are widespread," said Martin Arrick, services analyst with Standard& Poor's Ratings. Moody's Investors Service anticipated another 12 to 18 months of weak performance, with large hospital systems faring better from economies of scale and the ability to drive revenue growth through expanded services.

  • *Olive Garden 2nd- qtr same-store sales up 0.5 pct. Dec 16- Darden Restaurants Inc, whose entire board was replaced by activist investor Starboard Value LP, reported a 4.9 percent rise in quarterly sales and raised the lower end of its adjusted profit forecast for the full year. Darden said it now expects adjusted profit of $2.25- $2.30 per share from continuing...

  • Japan exports rise 4.9 pct year/year in November - MOF Tuesday, 16 Dec 2014 | 6:54 PM ET

    TOKYO, Dec 17- Japan's exports rose 4.9 percent in November from a year earlier, Ministry of Finance data showed on Wednesday, rising for a third straight month in a sign of a gradual pick-up in global demand. The result compared with a 7.0 percent increase expected by economists in a Reuters poll. That resulted in a trade deficit of 891.9 billion yen, marking a 29th...

  • VANCOUVER, Dec 16- British Columbia will go ahead with building the Site C hydroelectric dam, Premier Christy Clark said on Tuesday, even as the controversial project's estimated cost rose to as much as C $8.78 billion. Critics say the dam, planned for the Peace River in northeastern British Columbia, will flood farmland and destroy wildlife habitat and heritage...

  • NYMEX-Oil falls on surprise U.S. crude stocks gain Tuesday, 16 Dec 2014 | 6:42 PM ET

    TOKYO, Dec 17- U.S. crude futures fell nearly 1 percent on Wednesday to stay below $56 a barrel after industry data showed stockpiles unexpectedly rose last week, and as Russia failed to halt more steep falls in the value of the rouble. *NYMEX crude for January delivery was down 49 cents at $55.44 a barrel by 2322 GMT, after settling up 2 cents on Tuesday as trading of...

  • SYDNEY, Dec 17- World markets braced for more volatility on Wednesday as tumbling oil prices and a brewing financial crisis in Russia sent investors stampeding for safe havens such as the yen and U.S. The jump in the yen is likely to pressure Japan's Nikkei while fears of capital flight will haunt emerging markets across Asia. MSCI's index of Asia-Pacific shares...

  • Dec 16- Online taxi service Uber Technologies Inc has limited employee access to its "God View," a real-time taxi monitoring tool, amid increasing privacy concerns. God View, which lets the company see all Uber cabs in a city and waiting customers who have hailed cars, is now available only to "employees working in operations or other areas, like fraud prevention," Uber...

  • Dec 16- The United States has not received official notification from China of approval for imports of a type of genetically modified corn at the center of lawsuits against seed maker Syngenta AG, a U.S. government spokesperson told Reuters on Tuesday. Syngenta has said it will make an announcement about Chinese government approval when the company receives...

  • Energy shares rebound as bargain-hunters swoop in Tuesday, 16 Dec 2014 | 5:45 PM ET

    NEW YORK, Dec 16- The proverbial knife is falling. "With the stocks down so big, seems to be an intermediate opportunity in the group," said Doug Kass, president of Seabreeze Partners in Palm Beach, Florida. Between the beginning of the year and June 23, the sector had gained 13 percent on the back of a steady rise in oil prices and expectations for improved growth.

  • *Expects 2015 earnings $1.70- $1.80/ share vs est $1.79. NEW YORK, Dec 16- General Electric Co gave a 2015 profit forecast range on Tuesday that barely included Wall Street's target as the U.S. conglomerate braced for a "sluggish" oil and gas sector due to plunging crude prices. "We're really planning the company for a sluggish oil and gas sector in' 15," Chief Executive...

  • HAS NOT RECEIVED OFFICIAL NOTIFICATION, DOCUMENTATION FROM CHINA OF APPROVAL FOR GMO VIPTERA CORN IMPORTS- GOV'T SPOKESPERSON.

  • *Moscow stocks plunge; crude trades below $60 a barrel. Three retail trading platforms halted trading in rubles, citing growing signs of stress among the banks that underpin that trade, as speculation mounted that Moscow will impose capital controls within the next few days. "If you have a deeply mono-export culture which is linked to oil, then the consequences of...

  • Dec 16- Drug developer Auspex Pharmaceuticals Inc said its drug for treating chorea, or involuntary movement associated with Huntington's disease, met the main goal in a late-stage study. Patients administered SD-809, Auspex's lead drug, showed an improvement in a standardized score measuring involuntary movement, compared with those given a placebo.

  • *Repsol to buy Canada's 5th largest oil producer. *Repsol offers 56 pct premium to Talisman market value. MADRID, Dec 16- Spain's Repsol has agreed to buy Talisman Energy, Canada's fifth-largest independent oil producer, for $8.3 billion as the drop in oil prices pushes energy companies to take the plunge on big M&A deals.

  • WASHINGTON, Dec 16- The Obama administration as soon as Wednesday will announce its plans for curbing methane emissions from the oil and gas sector, which the United States must do to meet its 2020 target for cutting greenhouse gas emissions, people familiar with the issue said Tuesday. The government reaffirmed that goal last week at U.N. climate talks in Lima.

  • *Moscow stocks plunge, crude trades below $60 a barrel. Three retail trading platforms halted trading in rubles, citing growing signs of stress among the banks that underpin that trade, as speculation mounted that Moscow will impose capital controls within the next few days. "If you have a deeply mono-export culture which is linked to oil, then the consequences of...

  • *U.S. crude slips on API data, after closing up 2 cents near $56. NEW YORK, Dec 16- Brent crude futures fell for a fifth straight day on Tuesday to end below $60 a barrel while U.S. crude finished a volatile session slightly higher as trading of expiring options helped defend the price above $55. While both markets rebounded from session lows, U.S. crude saw frenzied...

  • BOSTON, Dec 16- U.S. security agencies are investigating a threat against theaters planning to show Sony Corp's controversial movie about an assassination of the leader of North Korea, and so far they have seen no real sign of an active plot, two U.S. officials said. An official at the U.S. Department of Homeland Security and another U.S. security official cast doubt...

  • Dec 16- American Apparel Inc has officially fired its founder and former Chief Executive Officer Dov Charney, months after it suspended him for misconduct, according to a news release Tuesday. Charney has served as a consultant to American Apparel since his initial suspension on June 18. American Apparel stock rose 5 percent to trade at 61 cents after the...

  • *Indexes: Dow down 0.7 pct, S&P down 0.9 pct, Nasdaq down 1.2 pct. NEW YORK, Dec 16- U.S. stocks fell for a third day in a volatile session Tuesday, led by declines in consumer discretionary and technology shares, while another drop in the Russian rouble added to worries about the global economy. People buy stocks that have done well so you get this bump up, "said Daniel Morgan,...