Latest Business News Wires - Business Headlines


  • Japanese Economics Minister Akira Amari told Trans-Pacific Partnership trading partners at talks in Singapore last week that Japan will not agree to abolish all tariffs on wheat, rice, dairy, sugar, beef and pork.

  • SAN FRANCISCO, May 28- Google Inc revealed the gender and racial makeup of its 50,000- strong workforce on Wednesday, disclosing a significantly below-average proportion of minorities and women employees that it said was "miles from where we want to be."

  • TOKYO, May 28- Japanese retail sales fell in April at their fastest pace in three years due to declining sales of cars and electronics, offering the first indication of how much consumers are trimming their purchases after a sales tax hike took effect on April 1.

  • BRASILIA, May 28- Brazil left its benchmark interest rate unchanged on Wednesday, pausing one of the world's longest-running tightening cycles to avoid choking its weakening economy despite high inflation.

  • TOKYO, May 29- U.S. crude oil futures held below $103 a barrel on Thursday after investors took profits ahead of a government report expected to show a build in crude stockpiles, but gained some support from tensions in Libya and Ukraine.

  • May 28- Proxy advisory firm Institutional Shareholder Services has recommended that Target Corp shareholders vote against seven of the company's 10 directors, saying the board failed to manage risks that led to a massive data breach.

  • TOKYO, May 29- Asian shares consolidated their recent gains on Thursday while global bond prices surged, pushing their yields to multi-month lows, both supported by expectations of easy monetary policy.

  • *Daimler caution in China has left it trailing BMW, Audi. For years, Daimler has lagged Audi and BMW in the world's biggest car market. Last year, Mercedes-Benz, the company's premier luxury brand, sold 228,000 cars there, compared to nearly 492,000 for Audi and over 362,000 for BMW.

  • DIARY - Top Economic Events to June 12 Wednesday, 28 May 2014 | 8:01 PM ET

    MADRID- Bank of Spain Governor Luis Maria Linde to open economist conference in Madrid- 0800 GMT. CLEVELAND, United States- Federal Reserve Bank of Cleveland President Sandra Pianalto speaks before the Inflation, Monetary Policy, and the Public conference hosted by the Federal Reserve Bank of Cleveland- 1230 GMT.

  • SAN FRANCISCO, May 28- HackerOne, a California- based security firm, said on Wednesday it had raised $9 million to expand its program to reward researchers who find software flaws.

  • SYDNEY, May 29- The U.S. dollar hovered at a two-month high against a basket of major currencies early in Asia on Thursday, having benefited from a shake out of long positions in sterling and further weakness in the euro. The euro plumbed a fresh three-month low of $1.3587, and started trade in Asia just above that trough.

  • Top scientists warn WHO not to stub out e-cigarettes Wednesday, 28 May 2014 | 7:01 PM ET

    LONDON, May 29- A group of 53 leading scientists has warned the World Health Organisation not to classify e-cigarettes as tobacco products, arguing that doing so would jeopardise a major opportunity to slash disease and deaths caused by smoking.

  • Ex-AIG chief Greenberg loses bid to end New York lawsuit Wednesday, 28 May 2014 | 6:36 PM ET

    NEW YORK, May 28- A New York state judge has rejected a request by Maurice "Hank" Greenberg, the former American International Group Inc chief executive officer, to dismiss a long-running civil lawsuit by the state's attorney general.

  • *Expects 4th- qtr adj profit/shr $0.10- $0.11 vs est $0.10. May 28- Cyber security software maker Palo Alto Networks Inc reported a better-than-expected 49 percent jump in quarterly revenue as it added more customers, and said it settled patent litigation with network gear maker Juniper Networks Inc..

  • WASHINGTON, May 28- A U.S. plan to curb carbon emissions from power plants is likely to come under attack this summer by industry opponents in a bid to stir voter anger ahead of elections in November, when voters in states such as Kentucky and West Virginia could decide whether Democrats keep control of the Senate.

  • MINEOLA, New York, May 28- A lawyer for an estranged co-owner of AriZona iced tea seeking to sell his stake in the company behind the popular brand urged a judge to value the beverage maker at $4 billion, an amount that the other co-owner disputed as far too high.

  • SAN FRANCISCO, May 28- As a movement toward paying security researchers who report vulnerabilities in technology products gains steam, prominent advocates for the practice have recently left jobs at Microsoft and Facebook to pursue a venture-backed business coordinating the practice.

  • WASHINGTON, May 28- BP Plc on Wednesday asked U.S. Supreme Court Justice Antonin Scalia to allow the company to avoid making payments to businesses demanding compensation for the 2010 Gulf of Mexico oil spill while litigation continues.

  • NEW YORK, May 28- Former hedge fund analyst Matthew Teeple pleaded guilty on Wednesday to a criminal conspiracy charge in connection with the 2008 takeover of a technology company.

  • SAN FRANCISCO, May 28- Apple Inc will buy Beats for about $3 billion and bring recording mogul Jimmy Iovine into its ranks, in a bid to make headway in the fast-growing music-subscription market. Dre will join Apple as part of the acquisition. Pandora Media Inc and Spotify have raced ahead while Apple's eight-month-old iTunes Radio has not made much of an impact.