GO
Loading...

Latest Business News Wires - Business Headlines

More

  • *Opinion divided whether weak yen will benefit Japan. The yen hovered near a seven-year low versus the dollar on Friday, having tumbled around 7 yen this week after the Bank of Japan stunned investors by expanding its quantitative easing programme on Oct. 31. Japan's monetary policy has escaped criticism from other countries so far, but there are concerns that if...

  • SINGAPORE, Nov 7- Gold held close to a 4-1/ 2 year low and looked set to post its third straight weekly drop on Friday, as the U.S. dollar rallied on expectations the Federal Reserve could raise rates sooner rather than later. *Spot gold was little changed at $1,140.60 an ounce by 0040 GMT, close to the $1,137.40 level reached earlier this week that was its lowest since...

  • LIMA, Nov 6- The government of Peruvian President Ollanta Humala is evaluating tax reforms to stimulate sluggish economic growth and has not ruled out trimming the corporate tax rate from 30 percent, the finance minister said on Thursday. Finance Minister Alonso Segura told Reuters the government will announce potential changes to the tax system by the end of...

  • Nov 6- Walt Disney Co posted quarterly profit that fell in line with Wall Street expectations as the media and theme park giant rode the blockbuster performance of its movie box office hits "Maleficent" and "Guardians of the Galaxy." Disney will experiment with online offerings, Iger said, including ESPN's planned streaming service of some NBA games.

  • OTTAWA, Nov 6- Canada's Finance Minister Joe Oliver said on Thursday the government remains committed to the Keystone XL pipeline project and that he believes "at the end of the day" it will gain approval. TransCanada Corp's $8 billion Keystone XL project would carry Alberta oil sands crude to the U.S. Gulf coast. At the same as he emphasized Canada's trade...

  • WASHINGTON/ LONDON, Nov 6- U.S. regulators plan to join their UK peers in a multi-billion-dollar settlement with a group of the biggest global banks accused of manipulating the foreign exchange market, sources familiar with the matter said, adding the deal could come as early as next week. The U.S. Office of the Comptroller of the Currency and the Federal Reserve,...

  • TOKYO, Nov 7- Asian shares wobbled in early trading on Friday, while the euro wallowed around two-year lows after European Central Bank President Mario Draghi vowed to take more easing steps to spark growth in the euro zone. MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.1 percent in early trading, while Japan's Nikkei stock average...

  • SEOUL, Nov 7- U.S. crude futures extended losses to around $77.85 in early Asian trades on Friday, pressured by oil supply gluts and a stronger dollar, and bringing the week's slide to more than three percent. *U.S. crude fell 7 cents at $77.84 a barrel as of 0010 GMT, after it finished down 77 cents at $77.91 on the previous session. *The euro plunged to its lowest in more...

  • TOKYO, Nov 7- The euro languished near two-year lows against the dollar on Friday after European Central Bank President Mario Draghi renewed his pledge to take necessary steps to stimulate a sluggish euro zone economy. And considering downside risks to prices, the ECB will likely start sovereign bond quantitative easing, "said Shin Kadota, chief FX strategist...

  • CHICAGO, Nov 6- A Chicago court on Thursday rejected Walgreens' move to block disclosures of what the drugstore chain deems confidential information in a defamation lawsuit filed by its former chief financial officer. Cook County Circuit Court Judge Franklin Valderrama said Walgreens, the largest U.S. drugstore chain operator, failed to convince him that all...

  • Nov 6- The Indiana Supreme Court has unanimously upheld the state's right-to-work law, which bars employers from requiring workers to join unions or pay union dues as a condition of employment, in a victory for business groups. Indiana Attorney General Greg Zoeller had defended the law, while plaintiffs including Local 150 of the International Union of...

  • REFILE-PepsiCo President Zein Abdalla to retire Thursday, 6 Nov 2014 | 6:56 PM ET

    Nov 6- PepsiCo said President Zein Abdalla will retire from the soda and snacks maker by the end of the year, in the second departure of a senior executive in recent months. Pepsico gave no reason for Abdalla's departure, which was announced in a brief SEC filing on Thursday. Abdalla's departure follows that in July of Brian Cornell, who had been seen as a potential...

  • DETROIT, Nov 6- Honda Motor Co said it will recall an undisclosed number of U.S. cars from model years 2001 to 2006 to replace potentially defective Takata Corp air bags. Honda did not provide a precise total. Honda said the cars were sold or registered in high-humidity states or territories, including Alabama, Florida, Georgia, Hawaii, Louisiana, Mississippi, South...

  • PepsiCo President Zein Abdalla to retire Thursday, 6 Nov 2014 | 6:50 PM ET

    Nov 6- PepsiCo said President Zein Abdalla will retire from the soda and snacks maker by the end of the year, in the second departure of a senior executive in recent months. Pepsico gave no reason for Abdalla's departure, which was announced in a brief SEC filing on Thursday. Abdalla's departure follows that in July of Brian Connell, who had been seen as a potential...

  • Paul Glassman, San Bernardino's bankruptcy attorney, told the federal judge overseeing the city's bankruptcy that a rejection by voters on Tuesday of a pay-cutting ballot measure for police and firefighters was a "gamechanger" that had thrown the restructuring plan off track. Lawyers for San Bernardino's police and fire unions reacted with dismay and anger...

  • Nov 6- Home Depot Inc, the world's largest home improvement chain, said about 53 million email addresses were stolen during a recent breach of its payment data systems, in addition to some 56 million payment cards previously disclosed by the retailer. Home Depot, which had estimated that the breach would cost about $62 million, was one of a string of U.S. retailers...

  • DETROIT, Nov 6- Honda Motor Co said it will recall an undisclosed number of U.S. cars from model years 2001 to 2006 to replace potentially defective Takata Corp air bags. Honda did not provide an exact total. Honda said no injuries or fatalities related to the issue have been confirmed.

  • -Lipper@ NEW YORK, Nov 6- Investors in U.S.-based funds added a net $15.4 billion to stock funds in the week ended Nov. 5, data from Thomson Reuters Lipper service showed on Thursday. The ETF inflows were "mostly due to institutional investors hedging some of their short positions that they may have made," said Barry Fennell, a senior analyst with Lipper.

  • Nov 6- Salix Pharmaceuticals Ltd slashed its full-year forecast and said inventory for its key drugs piled up, sending its shares down nearly 36 percent after the bell. Inventory as of Sept. 30 was $155 million, up about 50 percent since the beginning of the year. The company also reported a net loss of $88.6 million, or $1.39 per share, for the third quarter ended Sept....

  • LOS ANGELES, Nov 6- Walt Disney Co said on Thursday it will extend one of Pixar's most successful film franchises by making "Toy Story 4" for release in 2017, directed by John Lasseter. Iger called 2010' s "Toy Story 3" a "tremendous success" with more than $1 billion at the global box office and $10 billion in retail sales. "Toy Story" was the first feature film made by Pixar...