Latest Business News Wires - Business Headlines


  • Sept 3- The leading vodka brands in the United States are losing their buzz as craft distillers and other alcoholic drinks infringe on their turf. Both Diageo Plc, which markets Smirnoff, and Pernod Ricard SA, known for its Absolut brand, say newcomers to the vodka market are cutting into their sales.

  • FRANKFURT, Sept 4- The European Central Bank faces intense market pressure to take policy action on Thursday and risks losing credibility if it fails to back up a dovish message delivered by President Mario Draghi late last month.

  • CHICAGO, Sept 3- Customer data could have been stolen from nearly all of Home Depot Inc's stores in the United States, according to new information released on Wednesday by security website KrebsonSecurity. Brian Krebs, who runs the website, had said on Tuesday that the problem could affect all of Home Depot's 2,200 stores in the United States.

  • Sept 3- Lorillard Inc said two of its e-cigarette subsidiaries sued Zippo Manufacturing Co in the United Kingdom to protect itself from Zippo's claims of trademark infringement regarding the blu brand of e-cigarettes.

  • WASHINGTON, Sept 3- The top U.S. consumer protection regulator issued a stern warning to credit card companies on Wednesday, saying it believes some of them are deceiving customers about hidden fees associated with certain promotional offers.

  • UPDATE 3-Canadian August auto sales set all-time record Wednesday, 3 Sep 2014 | 5:39 PM ET

    Strong demand in Ontario and parts of western Canada drove industry sales of 171,560 new vehicles in the month of August, up from 159,004 a year ago, said Dennis DesRosiers of DesRosiers Automotive Consultants.

  • Eric Kandel of Columbia University, whose findings were published in the New England Journal of Medicine, said in a telephone interview. Aruni Bhatnagar of the University of Louisville, who was not involved in the study but chaired a 10- member American Heart Association panel on the impact of e-cigarettes.

  • Sept 3- Business software maker Tibco Software Inc said it is reviewing its strategic and financial alternatives as part of a process initiated by its board on Aug. 16 to maximize shareholder value. The company said it had retained Wilson Sonsini Goodrich& Rosati and Goldman, Sachs& Co to assist in the process.

  • Data show most US Home Depots hit by breach: Report Wednesday, 3 Sep 2014 | 5:31 PM ET
    Customers buy goods at a Home Depot home improvement store.

    Customer data could have been stolen from nearly all of Home Depot Inc's stores in the United States, according to new info from KrebsonSecurity.

  • UPDATE 1-Facebook goes down for some U.S. users Wednesday, 3 Sep 2014 | 5:28 PM ET

    SAN FRANCISCO, Sept 3- Facebook Inc went down briefly for an unknown number of U.S. users on Wednesday afternoon in what appeared to be the latest outage to affect the world's largest social network. Several users had earlier reported getting an error message, "unable to connect to the Internet" when attempting to sign in.

  • Sept 3- Canada's WSP Global Inc said it would buy Balfour Beatty Plc's U.S. professional services division, Parsons Brinckerhoff, for an enterprise value of about $1.24 billion, to increase its footprint in the U.S. transportation segment.

  • Sept 3- Yum Brands Inc estimated same-store sales in China fell about 13 percent in the third quarter as a results of a food safety scare in July when a former supplier was said to have improperly handled meat and used expired food.

  • *Governor Kuroda to brief media 0630 GMT. TOKYO, Sept 4- The Bank of Japan will maintain its massive monetary stimulus on Thursday and argue that the bigger-than-expected hit from a sales tax rise will be temporary, despite market worries the pain inflicted may make its inflation target harder to achieve.

  • SUVA, Sept 4- Voters in Fiji's election this month are keen to end a dictatorship that has ruled the South Pacific island nation since a military coup in 2006, but sprucing up its human rights situation, and ties with Western neighbours, will take time.

  • As it was in 2005 when a puzzled Alan Greenspan made the idea of the conundrum popular, the issue today is a divergence between longer-dated Treasuries, which are falling in yield, and monetary policy, which is tightening.

  • CHICAGO, Sept 3- Chicago Mercantile Exchange live cattle futures climbed nearly 2 percent on Wednesday, their biggest one-day percentage increase in 1 1/ 2 months, driven by strong cash price expectations for this week, traders said. October live cattle ended up the maximum 3.000 cents per lb daily price limit at 155.425.

  • NEW YORK, Sept 3- An index of stocks worldwide rose on Wednesday after Ukraine and Russia took steps toward a ceasefire and traders eyed potential European Central Bank stimulus, while the S&P 500 ended lower after hitting a record high, partly on a drop in Apple shares.

  • NEW YORK, Sept 3- U.S. stocks ended mostly down on Wednesday, as a decline in Apple shares dragged the Nasdaq lower and investors held off on big bets before the European Central Bank's upcoming policy meeting. Apple shares slid 4.2 percent to $98.94 in their worst percentage decline since Jan. 28.

  • DOJ official who led bank mortgage probes to leave Wednesday, 3 Sep 2014 | 4:37 PM ET
    U.S. Department of Justice, Washington, D.C.

    Tony West, a senior U.S. Justice Department official who oversaw investigations into bank mortgage practices, is leaving.

  • CARACAS, Sept 3- President Nicolas Maduro has reshuffled his cabinet in a bid to boost his popularity but shows no sign of revamping Venezuela's troubled economy, meaning prospects of gasoline price hikes and a unification of Byzantine currency controls have dimmed.