GO
Loading...

Enter multiple symbols separated by commas

Latest Business News Wires - Business Headlines

More

  • Feb 11- Applied Materials Inc said new orders in its business that makes semiconductor equipment and made-to-order chips fell in the first quarter due to weak demand from foundry customers. Applied Materials' shares fell 3 percent to $23.53 in extended trading. Revenue in the unit, which accounts for about 60 percent of Applied Materials' total revenue,...

  • NEW YORK, Feb 11- An administrative judge signaled on Wednesday that he may dismiss U.S. Securities and Exchange Commission charges against two former Wells Fargo& Co employees following a appellate court ruling limiting the reach of insider trading laws. Citing the ruling by the 2nd U.S. Circuit Court of Appeals in New York, Patil ordered the SEC to provide...

  • GE's move, disclosed in a filing with the U.S. Securities and Exchange Commission on Wednesday, comes at a time when regulators at the SEC are starting to more closely scrutinize proxy reforms in general. Several years ago, the SEC under then-chair Mary Schapiro adopted rules requiring public companies to let shareholders nominate directors to corporate...

  • Feb 11- Cybersecurity company FireEye Inc's quarterly revenue and profit beat market estimates as governments and businesses ramped up spending to protect their networks from increasingly sophisticated attacks. FireEye shares were up 7.2 percent at $38.26 in extended trading on Wednesday. FireEye was hired by No.2 U.S. insurer Anthem Inc last week when...

  • Feb 11- Yamana Gold Inc will go ahead with the construction of a mine at its Cerro Moro gold and silver project in Argentina, the Toronto- based gold miner said on Wednesday. All-in sustaining costs, the gold industry's benchmark cost metric, are expected to be between $547 to $557 per ounce of gold and $7.60 to $7.80 per ounce of silver over the life of the mine, Yamana...

  • *Europe agrees on way forward for Greece. *Apple rises after Icahn letter. NEW YORK, Feb 11- U.S. stock futures rose late on Wednesday after Europe agreed on a way forward with Greece on debt negotiations that had been holding back U.S. investors worried about European stability.

  • "In our experience, it is difficult to imagine the missing surviving," said Jose Maria Rangel, head of Sindipetro-NF, Brazil's largest offshore oil union. The toll of dead and injured was confirmed by the union, Petroleo Brasileira SA, as the company is known, and Brazil oil industry regulator ANP. The FPSO, owned by Norway- listed ship leaser BW Offshore Ltd, also...

  • SEATTLE, Feb 11- Boeing Co said on Wednesday it is not studying resurrecting its out-of-production 757 jetliner with new engines to plug a gap in its jetliner lineup between its largest single-aisle plane and its smallest widebody models. Boeing has studied resuming production of the single-aisle 757 "a couple of times," Randy Tinseth, vice president of...

  • Feb 11- Panera Bread Co on Wednesday warned that 2015 earnings per share could decline as it works to speed up service at its popular bakery cafes, sending shares down 6 percent in extended trading. St. Louis- based Panera said it expects 2015 diluted earnings per share growth that is flat or possibly mid- to high-single digit percentage points lower from 2014' s...

  • *Euro gains in late NY trade after reports on Greece debt talks. NEW YORK, Feb 11- The euro advanced against the U.S. dollar late on Wednesday as conflicting reports emerged about progress between the European Union and Greece over a bailout deal due to expire at the end of the month. Two official sources told Reuters that no deal has been reached, but that a common...

  • NORTH CHARLESTON, S.C., Feb 11- Boeing Co will send more work to a new aircraft component plant in South Carolina than it had previously announced, company executives said on Wednesday, as the planemaker seeks to reduce labor costs. Boeing chose the new Propulsion South Carolina plant because of the state's "business-friendly" environment, said Beverly Wyse, the...

  • LOS ANGELES, Feb 11- Netflix Inc's political thriller " House of Cards" made a brief surprise return on Wednesday after the streaming service accidentally released new episodes of its flagship show two weeks ahead of their scheduled debut. Netflix blamed the incident on a technical malfunction. "Due to a technical glitch, some Frank Underwood fans got a sneak peak,"...

  • Feb 11- Baidu Inc, owner of China's dominant search engine, reported a lower-than-expected 47.5 percent rise in quarterly revenue as more users switched from PCs to mobile devices, which have less space for more lucrative forms of advertising. Baidu, sometimes referred to as China's Google, reported revenue of 14.05 billion yuan, or $2.26 billion, for the fourth...

  • Tesla reports 4th-quarter loss of $107.6 million Wednesday, 11 Feb 2015 | 5:51 PM ET

    DETROIT, Feb 11- Tesla Motors Inc on Wednesday reported a fourth-quarter loss of $107.6 million, or 86 cents per share, compared with a year-ago loss of $16.3 million, or 13 cents per share. Tesla Chief Executive Elon Musk had said in July 2014 the company would deliver 13,000 of its Model S sedans. Revenue in the quarter climbed to $956.7 million, from $615.2 million a...

  • TREASURIES-Prices turn lower on possible Greek agreement Wednesday, 11 Feb 2015 | 5:42 PM ET

    Treasury debt prices reversed early gains and turned lower on Wednesday after a news report that Greece had reached an agreement in principle with euro zone countries over its finances. CNBC reported late on Wednesday that an agreement in principle between Greece and other euro zone governments was in place. But two official sources told Reuters that, while...

  • Feb 11- Drugstore operator Rite Aid Corp agreed to buy pharmacy benefit manager EnvisionRx for about $2 billion, looking to cut drug procurement costs as reimbursement rates fall. Rite Aid's deal comes nearly a decade after larger rival CVS Health Corp bought Caremark Rx for $21 billion, the only other example of a drug chain buying a benefits manager.

  • Feb 11- Travel review website operator TripAdvisor Inc reported better-than-expected quarterly revenue as the company earned more from click-based advertising and subscriptions. TripAdvisor's revenue from North America, its biggest market, rose 35 percent as leisure and business travel increased in the United States. TripAdvisor's net income...

  • BRUSSELS, Feb 11- Euro zone finance ministers agreed on a way forward to deal with Greece's financing problems and discussions will continue in the coming days, Luxembourg Finance Minister Pierre Gramegna said on Wednesday. "We've agreed on a way forward," he told reporters after the Eurogroup meeting in Brussels, adding that there had been no clashes around the...

  • Flights under the auspices of the Northern Plains test site will now be allowed in most of northeastern North Dakota, FAA said in a statement, adding that it soon expects to authorize flights in about two-thirds of the state. Flight operations at the Northern Plains site, one of six FAA- authorized test sites in the country, began in May and were limited to a small...

  • SAFT ON WEALTH-The diversification 'free lunch' isn't Wednesday, 11 Feb 2015 | 5:33 PM ET

    Feb 11- Just as in the taverns where' free lunches' began, investors hoping to get something for nothing by diversifying are drinking much of the profits up in the form of fees paid out to managers. Since Nobel Prize winner Harry Markowitz first coined the phrase in 1952, diversification, with its ability to enhance portfolio returns while suppressing volatility,...