Latest Business News Wires - Business Headlines


  • *Job losses of 28,900 versus forecast of 12,000 gain. *Unemployment rate steady at 6.9 pct. OTTAWA, May 9- Canada's economy lost 28,900 jobs in April, Statistics Canada said on Friday in a report that revealed across-the-board weakness, confirming the labor market is stalled and adding jobs at a more sluggish pace than in the United States.

  • WASHINGTON, May 9- The U.S. Environmental Protection Agency on Friday issued a proposal to gather public comment on whether it should require chemical manufacturers to disclose the content of fluids used for oil and gas production, a move seen as a step toward greater federal oversight of hydraulic fracturing, or fracking.


  • May 9- Goldman Sachs Group Inc disclosed on Friday that it was being investigated over its hiring practices outside the United States. The Wall Street Journal reported earlier this week that the U.S. Securities and Exchange Commission had expanded its probe into the hiring practices of at least five U.S. and European banks in Asia, including Goldman.

  • COPENHAGEN, May 9- Danish wind turbine maker Vestas made an unexpected return to profit in the first quarter, with a big rise in orders suggesting its turnaround drive is gaining traction.

  • LONDON, May 9- U.S. drugmaker Pfizer is under fire on both sides of the Atlantic as it weighs its next move to buy British rival AstraZeneca, which could be a sweetened offer next week.

  • May 9- Ralph Lauren Corp said on Friday it expected global revenues to rise between 6 percent and 8 percent in fiscal 2015 but warned its operating margin would decline as it spends money to further build its network of stores. That topped the average Wall Street estimate of $1.83 billion, according to Thomson Reuters I/B/E/S.

  • Weeks of fighting have exposed 20 years of neglect of Ukraine's security forces since the 1991 collapse of the Soviet Union. Eastern rebels that Kiev and the West say are backed by Russian special forces benefit from political vacillation, disarray among the generals and field commanders unsure of their orders.

  • *Vivus has 7 U.S. patents for Qsymia, earliest expires in June 2020. May 9- Vivus Inc said on Friday drugmaker Actavis Plc plans to market a generic version of Vivus's obesity drug Qsymia that was approved in July 2012.

  • HAVANA, May 9- In a land where the potato is scarce, black marketeers peddle tubers in hushed tones, like drug dealers on a big city street corner. Despite market-oriented reforms enacted by President Raul Castro, the communist-run country still encounters chronic shortages.

  • LONDON, May 9- U.S. drugmaker Pfizer, battling to buy British rival AstraZeneca, has struck a deal with leading British universities to hunt for new medicines to treat rare diseases.

  • NEW YORK, May 9- Some women will be eating bacon at Mother's Day brunches this Sunday. Overall, 40 percent of breadwinners in American households with children under the age 18 are women, according to the Pew Research Center, a nonpartisan fact tank.

  • *Apple reportedly close to deal for Beats Electronics. *Apple Inc is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear.

  • May 9- 3 D printer maker Stratasys Ltd reported a 54 percent jump in quarterly adjusted revenue as it sold more higher-margin printers and services. Stratasys, which has traditionally focused on large industrial printers that sell for $15,000- $750,000, bought consumer printer MakerBot in a $493.7 million deal last year.

  • *China pledges to promote fair and open capital markets. SHANGHAI, May 9- China pledged on Friday to push ahead with a broad range of capital market reforms as it seeks to encourage more efficient capital allocation, increase foreign investment and improve transparency of its markets.

  • ZURICH, May 9- Credit Suisse faced increased opposition from shareholders to its pay plan on Friday, as the Swiss lender became the latest major bank to come under attack over compensation.

  • May 9- Hilton Worldwide Holdings Inc raised its full-year profit forecast after strong business and leisure travel helped the company post better-than-expected quarterly results. Marriott International Inc and Hyatt Hotels Corp have also reported better-than-expected first-quarter earnings.

  • BEIJING, May 9- China is auditing the State Grid Corp of China, the utility said in the wake of a magazine report that one of the most senior executives in the world's largest utility was under investigation.

  • *New Japanese processing plants coming up in China, Indonesia. Executives at steelmakers such as Nippon Steel& Sumitomo Metal Corp and JFE Holdings are faced with little choice but to accelerate their push abroad as the effects of the stimulus led by Prime Minister Shinzo Abe wane and spending on autos falls after a sales tax hike from April.

  • LONDON, May 9- The British government needs to be confident that any commitments made by Pfizer in a proposed takeover of AstraZeneca are binding, British Deputy Prime Minister Nick Clegg said on Friday.