Latest Business News Wires - Business Headlines


  • TOKYO, Dec 17- Asian shares got off to a promising start on Tuesday on the back of rising U.S. manufacturing output and a jump in euro zone business activity, ahead of a key U.S.

  • The exterior facade of the NASDAQ market on the first day of Facebook trading on May 18, 2012.

    A former candidate for governor of Oregon was sentenced to six years in prison for convincing investors he had access to shares of Facebook before its IPO.

  • NEW YORK, Dec 16- A federal judge has rejected Nasdaq OMX Group Inc's bid to dismiss lawsuits by investors who accused the exchange operator of botching Facebook Inc's $16 billion initial public offering, a decision released on Monday shows.

  • Rice Energy files for $800 mln IPO Monday, 16 Dec 2013 | 6:24 PM ET

    Dec 16- Natural gas exploration and production company Rice Energy Inc filed with U.S. regulators on Monday to raise up to $800 million in an initial public offering of its common stock. The family-owned company is focused on Pennsylvania's Marcellus shale and Ohio's Utica shale.

  • WASHINGTON, Dec 16- The U.S. derivatives regulator on Monday said Commissioner Mark Wetjen would bridge a leadership gap at the agency just as it starts to oversee the $630 trillion swaps market for the first time.

  • Members of the American Studies Association voted by a 2- to-1 margin to endorse a boycott resolution, which stems from a broader campaign to isolate Israel that has made little headway in the United States but has gained some traction in Europe.

  • Boeing shares rose about 2 percent in extended trading after the news. The increases in dividends and share repurchases "reflect sustained, strong operational performance by our businesses, increasing cash flow, and our confidence in the future," Boeing Chief Executive Jim McNerney said in a statement.

  • SAN FRANCISCO, Dec 16- Yuri Milner, the Russian investor known for his bets on Facebook Inc and Twitter Inc, is pulling out of an arrangement that let him invest automatically in a group of companies participating in a program called Y Combinator.

  • NEW YORK, Dec 16- Investment firm KKR& Co LP said on Monday it would acquire KKR Financial Holdings LLC in an all-stock deal that would value the specialty finance company it launched more than nine years ago at $2.6 billion.

  • WASHINGTON, Dec 16- A preliminary analysis of a new trove of hedge fund data has found that the industry may not be as risky as conventionally thought, a U.S. Treasury Department official said on Monday.

  • President Barack Obama will meet executives from leading technology companies like Google and Apple on Tuesday to discuss ways to improve the functioning of the health care website, HealthCare.gov, the White House said.

  • BOSTON, Dec 16- Herbalife Ltd on Monday said a new audit yielded no changes to its financial statements, sending its shares up by more than 9 percent and dealing a blow to hedge fund manager William Ackman, who is betting against the stock. Herbalife shares surged 9.4 percent to end regular trading at $74.83, up 127 percent year to date.

  • HOUSTON, Dec 16- The U.S. Chemical Safety Board on Monday called on California officials to adopt new rules for crude oil refineries that would force owners to prove they can operate their plants at the lowest risk practicable, the federal investigative agency said.

  • WASHINGTON, Dec 16- Conservatives in the U.S. Senate are unlikely to stop passage of a two-year budget bill this week, with some Republicans expected to join Democrats in the Senate in voting for the measure.

  • WASHINGTON, Dec 16- Lockheed Martin Corp, the Pentagon's No. 1 supplier and top provider of information technology to the U.S. government, said on Monday there is continued demand for cybersecurity services, despite the National Security Agency spying scandal.

  • CALGARY, Alberta, Dec 16- Kinder Morgan Energy Partners LP filed an application with Canadian regulators on Monday to nearly treble the capacity of its Trans Mountain crude oil pipeline to 890,000 barrels per day.

  • NEW YORK, Dec 16- U.S. crude oil production, rejuvenated by the advent of "fracking" shale formations, will approach historic highs by 2019, the Energy Information Administration said on Monday, raising its forecast to levels that would have been unforeseen just a few years ago.

  • The regulator for taxpayer-owned Fannie Mae and Freddie Mac unveiled a plan in which the two mortgage finance giants would have to gradually reduce the maximum size of U.S. home loans they can buy.

  • NEW YORK, Dec 16- Investment firm KKR& Co LP said on Monday it would acquire KKR Financial Holdings LLC in an all-stock deal that would value the specialty finance company it launched more than nine years ago at $2.6 billion.

  • NEW YORK, Dec 16- Comcast Corp is examining three scenarios for a potential deal with Time Warner Cable, including a full takeover bid for the second-largest cable operator, people close to the situation said on Monday.

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