Latest Business News Wires - Business Headlines


  • WASHINGTON, May 13- The regulator of Fannie Mae and Freddie Mac on Tuesday laid out new policies that could make it easier for many Americans to obtain mortgages, in part by holding off on any reduction in the size of mortgages the two firms can buy.

  • *Lonmin prepares for May 14 return to work deadline. MARIKANA, South Africa, May 13- South Africa sent more police to the strike-hit platinum belt on Tuesday to protect miners returning to work this week as producers pushed ahead with plans to end the sector's longest and most costly bout of industrial action.

  • BRUSSELS, May 13- Growing support for far-right parties has dominated the run-up to next week's European Parliament elections but a lesser noticed theme is lurking: that protest parties on both right and left will try to scupper EU free trade talks.

  • LONDON, May 13- The London Stock Exchange is in talks to buy Seattle- based Russell Investments in a deal that would expand its stock index business in the United States, the world's largest equities trading market.

  • *Fed to buy $850 mln- $1.1 bln bonds due 2036-2044. NEW YORK, May 13- U.S. While the market was disappointed, "the number is not as bad as the headline," said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York, noting the rise from March's 1.5 percent growth figure showed still-solid growth.

  • *Norway seeks drilling in Barents Sea that froze in 1980 s. OSLO, May 13- Norway wants to let oil and gas companies drill in Arctic seas that were frozen as recently as the 1980 s even though some climate experts say it is too early to trust global warming to keep the ice away.

  • Pro- Moscow rebels in east Ukraine call to join Russia. LONDON, May 13- Brent crude reversed early losses and rose towards $109 a barrel on Tuesday, as traders expressed doubt about how quickly supplies will return from Libya, while the threat of further Western sanctions against Russia provided additional support.

  • BEIJING, May 13- The United States has raised concern over a recent fall in China's yuan currency and a lack of transparency in suspected currency intervention, a senior U.S. treasury official said on Tuesday. The challenge for China is going to be the follow through.

  • WASHINGTON, May 13- U.S. retail sales barely rose in April, tempering hopes of a sharp acceleration in economic growth in the second quarter. The Commerce Department said on Tuesday retail sales edged up 0.1 percent last month, held back by declines in receipts at furniture, electronic and appliance stores, restaurants and bars and online retailers.

  • *AT&T in talks to buy DirecTV, sources say. NEW YORK, May 13- U.S. stock index futures pointed to a flat open on Tuesday as investors found few reasons to keep pushing shares higher with major indexes coming off record closes and economic data painting a mixed picture of the economy.

  • UPDATE 1-Valeant plans to "improve" offer for Allergan Tuesday, 13 May 2014 | 8:43 AM ET

    May 13- Valeant Pharmaceuticals International Inc said on Tuesday it will "improve" its $47 billion takeover offer for drugmaker Allergan Inc, a day after the U.S. company rejected the bid. Allergan put in a so-called "poison pill" within days to slow Ackman from increasing his nearly 10 percent stake in Allergan.

  • *This would be second recession in five years for Russia. *Economy pays price for Russia's involvement in Ukraine. It would be the second recession in five years for Russia.

  • At Tuesday's peak, nickel had gained 17 percent in just four sessions and 55 percent so far this year following a ban in January on unprocessed ore exports from top producer Indonesia. The question is whether this is a signal for it to have a more serious correction, "said Stephen Briggs, metals strategist at Societe Generale in London.

  • *Google can be required to remove sensitive data. BRUSSELS, May 13- Internet companies can be made to remove irrelevant or excessive personal information from search engine results, Europe's top court ruled on Tuesday in a case pitting privacy campaigners against Google.

  • U.S. import prices fall as food, fuel costs tumble Tuesday, 13 May 2014 | 8:31 AM ET

    WASHINGTON, May 13- U.S. import prices unexpectedly fell in April as the cost of food and fuels declined, suggesting imported inflation pressures remain benign. The Labor Department said on Tuesday import prices fell 0.4 percent last month after rising 0.4 percent in March.

  • LONDON, May 13- Global investors cut back on overstretched bets in May, reducing U.S. equities while adding back emerging market assets and raising cash, a closely watched survey showed on Tuesday.


  • U.S. retail sales barely rise in April Tuesday, 13 May 2014 | 8:30 AM ET

    WASHINGTON, May 13- U.S. retail sales barely rose in April and a gauge of consumer spending slipped, which could temper hopes of a sharp acceleration in economic growth in the second quarter.

  • LONDON, May 13- Intervening in Pfizer's proposed acquisition of AstraZeneca using public interest rules is "quite tricky" and could be a lengthy process, British business minister Vince Cable said on Tuesday.

  • PARIS, May 13- The United States became the world's biggest wine market last year, beating France into second place for the first time as consumption slides in the country widely seen as the drink's natural home and Americans develop a greater taste for it.