GO
Loading...

Latest Business News Wires - Business Headlines

More

  • MELBOURNE, Jan 13- London copper clung on above the $6,000- mark on Tuesday, but stayed within reach of five-year lows as beleaguered oil markets soured broader appetite for commodities ahead of key China trade data later in the session. *Three-month copper on the London Metal Exchange was trading little changed at $6,019.25 a tonne by 0120 GMT, after a 1.3-...

  • Jan 12- Canada's Blackpearl Resources Inc slashed its 2015 capital budget to C $31 million, joining other Canadian oil and gas producers in cutting expenditures as oil prices drop. The capital budget, which has been cut by more than half, will focus on the completion of the Onion Lake thermal project in Saskatchewan. Shares of Blackpearl closed at C $0.91 on the...

  • NEW YORK, Jan 12- Sue Ann Arnall, the ex-wife of Oklahoma oil magnate Harold Hamm, vowed on Monday to press on with an appeal of her divorce case, even after she cashed a $975 million check from him. In November, an Oklahoma court ordered the Continental Resources Inc chief executive to pay his ex-wife about $1 billion in cash and assets when the couple divorced after a...

  • SINGAPORE, Jan 13- Gold took a breather on Tuesday after two-straight sessions of gains to hover near its highest in a month, underpinned by safe-haven demand triggered by a slump in oil prices and global equities. *Spot gold had slipped 0.2 percent to $1,230.70 an ounce by 0031 GMT, but retained most of its 2- percent gain from the last two sessions.

  • Daimler still bullish about China amid BMW woes Monday, 12 Jan 2015 | 7:37 PM ET

    DETROIT, Jan 12- Daimler Chief Executive Officer Dieter Zetsche said on Monday he saw no signs of a significant slump in sales for Mercedes-Benz luxury cars in China, even as rival BMW struck a more cautious tone. Daimler and BMW expect higher sales in 2015, after reporting record deliveries and higher China sales in 2014. Carmakers are now grappling with a...

  • TOKYO, Jan 13- Asian stocks slipped on Tuesday as a continuing slide in crude oil prices dampened risk appetite, while the dollar nursed losses against the safe-haven yen. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent. "Only the negative aspects of cheaper crude oil have been in focus so far, but attention could turn to its positive...

  • WASHINGTON, Jan 12- President Barack Obama signed into law on Monday a bill that renews for six years a terrorism risk insurance program created in response to the Sept. 11, 2001, attacks, the White House said. The program provides a federal insurance backstop for owners of skyscrapers, sports stadiums, shopping malls and large projects that could face terrorism...

  • The dollar edged down about 0.1 percent against the yen to 118.26, moving back toward a one-week low of 118.10 yen touched overnight, as markets in Tokyo reopened after Monday's public holiday. Tokyo markets digested weekend news that Japan's government will propose a record budget for next fiscal year of more than $800 billion but cut borrowing for a third...

  • Jan 12- While General Motors Co's Chevrolet on Monday pulled the wraps off a tiny, environmentally friendly electric car called the Bolt, rival Ford Motor Co was showing off a 400- plus-horsepower pickup truck better suited to burning rubber than hauling hay. The new F-150 Raptor has racing shock absorbers, a 10- speed transmission and the word FORD splayed...

  • TOKYO, Jan 13- U.S. crude futures extended declines for a third straight session on Tuesday, following a near 5 percent fall the previous day, after Goldman Sachs warned that prices would fall further and Gulf oil producers showed no sign of cutting output. *NYMEX crude for February delivery was down 25 cents at $45.82 a barrel by 2348 GMT, after settling down $2.29 at...

  • WASHINGTON, Jan 12- Antonio Weiss, an investment banker who was a controversial nominee for a top post at the U.S. Treasury Department, has decided to withdraw from consideration, the White House said on Monday. Liberal lawmakers, led by Senator Elizabeth Warren of Massachusetts, fiercely opposed Weiss's nomination to the top Treasury domestic finance job...

  • DIARY- Top Economic Events to Jan 25 Monday, 12 Jan 2015 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks on "Goal-Based Monetary Policy Report" before the MNI Near Year New Challenges event- 2200 GMT. LONDON- UK Finance Minister George Osborne gives a speech to the Royal Economic Society, hosted by Bank of England- 1730 GMT. LONDON- Bank of England Governor Mark Carney speaks at the...

  • SAN FRANCISCO, Jan 12- Eli Lilly and Co said on Monday that U.S. insurers are increasing pressure on the price of diabetes medications as they switch coverage from certain drugs to others to trim costs. "We've definitely seen increased price competition, more by payers than the companies themselves," Lilly Chief Financial Officer Derica Rice said on Monday in an...

  • SEOUL, Jan 12- Hyundai Motor Co on Tuesday said its chairman and vice chairman failed to sell about $1.25 billion worth of shares in affiliate Hyundai Glovis through a block deal, seen as part of the family-owned conglomerate's succession plan. Hyundai Motor Chairman Chung Mong- koo and Vice Chairman Chung Eui-sun had sought to sell 5.02 million shares at...

  • WASHINGTON, Jan 12- The U.S. Senate advanced a bill on Monday to approve the Keystone XL oil pipeline as Republicans, who have made the project their first priority of the year, try to line up enough votes to overcome a potential veto by President Barack Obama. Backers of TransCanada Corp's project also have 63 supporters, including all 54 Republicans, to take...

  • DETROIT, Jan 12- General Motors Co is open to working with Google Inc on developing self-driving car technology, the chief technology officer for the U.S. automaker said on Monday. Lauckner made his comments two days before the head of Google's self-driving car project, Chris Urmson, is scheduled to speak at a conference held annually in conjunction with the auto...

  • DETROIT, Jan 12- General Motors Co's Cadillac brand plans a $12 billion new model offensive over the next five years that will include eight vehicles, including five in segments where it does not currently compete, Cadillac chief Johan de Nysschen said at the Detroit auto show on Monday. De Nysschen, a former Audi and Infiniti executive who joined GM last August,...

  • DETROIT/ TOKYO, Jan 12- Toyota Motor Corp is ending a three-year freeze on building new vehicle assembly plants and is looking to open two new assembly plants in China and another in Mexico, four executives familiar with the company's plans said. The Japanese automaker has already completed initial feasibility studies in both China and Mexico, according to...

  • WASHINGTON, Jan 12- Democrats appear to have little recourse against a House of Representatives rule change that could prompt a steep cut to Social Security disability benefits next year, congressional aides said on Monday. Without an injection from the main Social Security retirement fund, the disability program would have to cut benefits by some 20 percent,...

  • NEW YORK, Jan 12- Pacific Investment Management Co has named Marc Seidner, chief investment officer for non-traditional strategies, lead portfolio manager of the Pimco Unconstrained Bond Fund, the firm said in a regulatory filing on Monday. However, the Pimco Unconstrained Bond Fund, which co-founder Bill Gross took over in December 2013 up until his stunning...