Latest Business News Wires - Business Headlines


  • SAO PAULO, Dec 12- American Airlines Group Inc agreed to buy 60 aircraft from Embraer SA, the world's largest producer of regional jets, in a deal worth $2.5 billion at list prices, sending Embraer shares to a two-month high on Thursday.

  • SANTIAGO, Dec 12- Chilean bank CorpBanca confirmed it had received merger offers but said it would only accept a bid that allows billionaire businessman Alvaro Saieh to retain some control in the bank. Saieh owns about a 55 percent controlling stake in CorpBanca, Chile's fifth-largest and oldest bank, which also has operations in Colombia.

  • US STOCKS SNAPSHOT-Futures hold losses after data Thursday, 12 Dec 2013 | 8:40 AM ET

    NEW YORK, Dec 12- U.S. stock index futures held losses Thursday after mixed data reports showed a rise in retail sales while import prices indicated inflation remained subdued, and jobless claims saw their largest weekly increase in more than a year.

  • LONDON, Dec 12- The former finance director of Bradford& Bingley, a UK lender, has been fined 30,000 pounds for failings related to a 2008 cash call, as the regulator forces board members to take responsibility for their actions.

  • WASHINGTON, Dec 12- U.S. retail sales rose solidly in November as Americans bought automobiles and a range of other goods, adding to signs of a strengthening economy that could draw the Federal Reserve closer to reducing the pace of monetary stimulus.

  • U.S. jobless claims surge, erase prior weeks' declines Thursday, 12 Dec 2013 | 8:31 AM ET

    WASHINGTON, Dec 12- The number of Americans filing new claims for unemployment benefits rose sharply last week, reversing the prior three weeks declines, but a recent strengthening of the labor market likely remains intact. Initial claims for state unemployment benefits surged 68,000 to a seasonally adjusted 368,000, the Labor Department said on Thursday.

  • US import prices fall for second straight month Thursday, 12 Dec 2013 | 8:31 AM ET

    WASHINGTON, Dec 12- U.S. import prices fell for a second straight month in November as the cost of petroleum and food dropped, suggesting imported inflation pressures remained subdued. Import prices fell 0.6 percent last month after a revised 0.6 percent drop in October, the Labor Department said on Thursday.

  • PARIS, Dec 12- European aerospace group EADS pledged to shun risky investments and new plane programmes as it looked to bury the ghost of troubled projects and promised investors a smoother ride in coming years.

  • *Libya may reopen three oil ports this weekend. LONDON, Dec 12- Brent oil futures fell to around $109.50 a barrel on Thursday on the possible reopening of major Libyan ports this weekend and expectations that the U.S. Otherwise, you have the Fed meeting next week, " Olivier Jakob at Petromatrix consultancy in Switzerland said.

  • Dec 12- Network equipment maker Ciena Corp reported a lower-than-expected quarterly profit as costs rose 20 percent and forecast current-quarter revenue largely below Wall Street estimates, sending its shares down 11 percent before the bell.

  • LONDON, Dec 12- Gold prices slid more than 1 percent on Thursday, with a short-covering rally fizzling out as expectations grew that the Federal Reserve would reduce its huge stimulus programme after a provisional budget deal in Washington.

  • *Copper, nickel prices advance on supply concerns. LONDON, Dec 12- Global equities slipped to a one-month low on Thursday after a provisional budget deal in Washington prompted speculation the Federal Reserve policymakers will start trimming its stimulus as early as next week.

  • *Slovenia can probably plug gaps without a bailout. Even if Slovenia can avert a calamity now, however, it faces a drawn-out crisis as it remakes an economy that has already shrunk 11 percent since 2008..

  • NEW DELHI/ HELSINKI, Dec 12- Nokia has won an appeal to release a local factory seized by authorities in a tax dispute, allowing the transfer of the plant as part of the sale of its mobile phone business to Microsoft. Nokia had appealed its seizure and was trying to resolve the dispute ahead of the closure of the 5.4 billion euro Microsoft deal.

  • TORONTO, Dec 12- Lululemon Athletica Inc said on Thursday it expects flat same-store sales in the crucial fourth quarter, sending its shares sharply lower even as the Canadian yogawear chain reported third-quarter earnings that beat expectations.

  • Deep freeze damages California citrus crop Thursday, 12 Dec 2013 | 8:00 AM ET

    LOS ANGELES, Dec 12- A weeklong blast of sub-freezing temperatures across California has damaged the state's $2 billion citrus crop, but it will take several weeks before the extent of the loss is quantified, agricultural industry officials said on Wednesday.

  • Dec 12- Canadian tour operator Transat AT Inc posted better-than-expected earnings for the third straight quarter as higher prices and cost-cutting boosted margins. Transat's net profit tripled to C $54.7 million, or C $1.40 per share, in the fourth quarter ended Oct. 31 from C $16.6 million, or 43 Canadian cents per share, a year earlier.

  • TORONTO, Dec 12- Bombardier Inc said on Thursday that American Airlines Group Inc has agreed to buy 30 of its CRJ900 NextGen planes and taken options on an additional 40 aircraft.

  • BUENOS AIRES, Dec 12- The European Union has asked for a one-month delay in the exchange of proposals to kick off free-trade negotiations with South America's Mercosur bloc, the Argentine government said on Thursday. Mercosur's four members, Brazil, Argentina, Uruguay and Paraguay, were due to present their proposals to Brussels next week.

  • *Dubai, Abu Dhabi, Oman expanding cruise terminals. After competing for business in the last few years, Abu Dhabi, Dubai and Oman are now collaborating to promote the region as a cruise destination.

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