GO
Loading...

Latest Business News Wires - Business Headlines

More

  • CHICAGO, Dec 9- The U.S. Department of Health and Human Services on Tuesday offered liability protections to drugmakers rushing to develop Ebola vaccines and urged other countries to follow suit. Health and Human Services Secretary Sylvia Burwell made the announcement as part of the Public Readiness and Emergency Preparedness Act in a move aimed at...

  • Dec 9- Spirit AeroSystems Holdings Inc, an aircraft parts maker, said it will pay rival supplier Triumph Group Inc $160 million to take over its wings contract for two Gulfstream business jets. Triumph, based in Berwyn, Pennsylvania, said the deal would immediately add to its earnings and boost annual revenue by $250 million. Gulfstream, a unit of General Dynamics...

  • Dec 9- Citigroup Inc will record $2.7 billion in additional legal costs and another $800 million of repositioning charges in the fourth quarter, Chief Executive Officer Mike Corbat said on Tuesday. The change took Citigroup's third-quarter profit down to $2.84 billion.. Citigroup shares dropped as Corbat announced the latest costs.

  • Dec 9- Bank of America Corp and Citigroup Inc said they expected weaker trading revenue in the fourth quarter. BofA's sales and trading revenue are expected to fall from both the third quarter and a year earlier, the bank said in a presentation at an investor conference in New York on Tuesday. Citigroup's market revenue will fall about 5 percent, Chief Executive...

  • Dec 9- Canadian fund manager AGF Management Ltd said it would slash its quarterly dividend by 70 percent to 8 Canadian cents per share, the first cut in more than two decades, sending its shares down more than 20 percent to a more-than five-year low. AGF, one of Canada's largest independent fund managers, maintained its quarterly dividend of 27 Canadian cents per...

  • Dec 9- Citigroup Inc will record $2.7 billion in additional legal costs and another $800 million of repositioning charges in the fourth quarter, Chief Executive Officer Mike Corbat said on Tuesday. Corbat, speaking at an investor conference in New York, said the legal costs stemmed from investigations into foreign exchange trading, setting of LIBOR interest...

  • The pace of drilling and production growth in the Eagle Ford and Permian Basin shale plays in Texas, which together with North Dakota's Bakken account for most of the increase in U.S. output since 2008, was accelerating in the first eight months of 2014.. The combined crude output from the Eagle Ford and Permian Basin surged by 400,000 barrels per day in the eight...

  • WASHINGTON, Dec 9- The U.S. Supreme Court on Tuesday ruled that companies do not have to pay workers for the time they spend undergoing security checks at the end of their shifts in a case involving an Amazon.com Inc warehousing contractor. Amazon, the world's largest online retailer, is not directly involved in the case. Jesse Busk and Laurie Castro, U.S. Supreme...

  • WASHINGTON, Dec 9- A senior FBI official said on Tuesday that the agency has not confirmed widely held suspicions that North Korea is behind the unprecedented cyber attack on Sony's Hollywood studio. People close to separate investigations being conducted by Sony and the government have told Reuters that North Korea is a principal suspect, yet a North Korean...

  • LONDON, Dec 9- Pressure is building on Russia's central bank to support the rouble via a big rise in interest rates at this week's policy meeting, as money markets price in sharply higher funding costs in the coming months. "There is intense market pressure on the central bank to hike rates this week and any shortfall will lead to significant volatility across...

  • Greek share slump weighs on European equities Tuesday, 9 Dec 2014 | 10:14 AM ET

    LONDON, Dec 9- European shares fell to a two-week low on Tuesday, led down by a slump in Greek stocks after an unexpected decision to bring forward the country's presidential election in which the anti-bailout Syriza party is well placed to do well. Greek stocks sank 11.3 percent, set for their biggest single-session fall since November 1987, the Athens Stock...

  • WASHINGTON, Dec 9- The U.S. Supreme Court on Tuesday ruled that companies do not have to pay workers for time spent undergoing security checks at the end of their shifts in a case involving an Amazon.com Inc warehousing contractor.

  • BRASILIA, Dec 9- Brazil's top prosecutor called on Tuesday for the punishment of everyone involved in a scheme to funnel kickbacks from contracts with state-run oil firm Petrobras to politicians, and said he expected the company's management to be replaced. Rodrigo Janot's strongest comments so far on Brazil's latest corruption scandal were made as federal...

  • U.S. factory, services revenue to grow in 2015 -ISM Tuesday, 9 Dec 2014 | 10:11 AM ET

    NEW YORK, Dec 9- The U.S. manufacturing sector is forecast to continue to grow next year, with both revenue and investment increasing, an industry report showed on Tuesday. Manufacturing revenue is expected to rise by 5.6 percent in 2015 from this year, the semi-annual forecast from The Institute for Supply Management said. Revenue in the non-manufacturing...

  • TOP COURT RULES AMAZON CONTRACTOR DOES NOT HAVE TO PAY WORKERS FOR TIME SPENT IN SECURITY CHECKS.

  • Dec 9- Abercrombie& Fitch Co's controversial Chief Executive Michael Jeffries will retire with immediate effect, capping more than two decades of being at the helm of the teen apparel retailer that is now struggling to turn around. Abercrombie said on Tuesday that a team led by Executive Chairman Arthur Martinez would manage day-to-day operations until a new...

  • LONDON, Dec 9- Gold rose 2 percent on Tuesday, hitting its highest since late October, as cautious comments from U.S. Dennis Lockhart, head of the Atlanta Federal Reserve, said late on Monday he was in no rush to drop the Fed's pledge to keep interest rates near zero for a "considerable time," while San Francisco Fed chief John Williams said the phrase was still...

  • EU-Cuba talks delayed by dispute over cultural event Tuesday, 9 Dec 2014 | 10:00 AM ET

    BRUSSELS/ HAVANA, Dec 9- Cuba has delayed negotiations towards an accord with the European Union aimed at opening up the Communist-ruled island, citing a dispute over an EU cultural event in Washington, people close to the matter said on Tuesday. The third round of talks, due to take place on Jan. 8-9 in Havana, was scheduled to discuss human rights, always a sensitive...

  • WASHINGTON, Dec 9- U.S. wholesale inventories rose more than expected in October, which could prompt economists to raise their growth forecasts for the fourth quarter. The Commerce Department said on Tuesday wholesale inventories increased 0.4 percent after an upwardly revised 0.4 percent gain in September. Economists polled by Reuters had expected stocks...

  • DUBAI, Dec 9- Investment Dar, the Kuwaiti firm best-known for its stake in luxury carmaker Aston Martin, hopes to complete a second debt-for-assets deal with creditors by the end of March, it said in a bourse statement on Tuesday. The sharia-compliant firm said on Nov. 18 it had received the backing of a "significant majority of investors" for the proposal, which would...