GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Osborne said he was sticking to his promise to put Britain's budget back in the black before the end of the decade, hoping that his approach to fixing the public finances will return Prime Minister David Cameron to power on May 7. Osborne said Britain's deficit would be bigger than previously expected in the current financial year and in 2015/ 16 before improving...

  • LONDON, Dec 3- Sterling hit a three-week high against the euro on Wednesday, after a survey showed Britain's dominant services sector grew much faster than expected in November and finance minister George Osborne gave an upbeat budget statement. In his Autumn Statement, Osborne raised near-term growth forecasts and while the government will miss...

  • Hawaiian Holdings to add more seats to aircraft in 2015 Wednesday, 3 Dec 2014 | 9:47 AM ET

    Dec 3- Hawaiian Holdings Inc, operator of Hawaiian Airlines, will add more seats to its short-haul aircraft next year, a top company executive said. Hawaiian Holdings, which mainly operates flights in Hawaii, will add as many as 10 seats each to its 18 Boeing 717 jets, Peter Ingram, the company's chief commercial officer, said at its investor day in New York.

  • NEW YORK, Dec 3- U.S. stocks opened flat on Wednesday, ahead of data on the services sector and as markets focus on the upcoming meeting at the European Central Bank.

  • BERLIN, Dec 3- Germany's cabinet approved a new plan on Wednesday to slash CO2 emissions in order to meet its ambitious climate targets, but environmental groups criticised the government for not going further in reducing its reliance on coal-fired power plants. The package, which includes an energy efficiency programme that could trigger billions of euros...

  • US STOCKS-Wall St to open little changed ahead of data Wednesday, 3 Dec 2014 | 9:15 AM ET

    *ADP private payrolls just short of expectations. NEW YORK, Dec 3- U.S. stock index futures were little changed in low volume on Wednesday, indicating a flat open on Wall street, ahead of data on the services sector and as markets focus on the upcoming meeting at the European Central Bank. "I don't know if they're going to take a huge step but they are moving in that...

  • Kraft to raise K-Cup coffee prices by 9 pct on Dec. 28 Wednesday, 3 Dec 2014 | 9:12 AM ET

    NEW YORK, Dec 3- Kraft Foods said on Wednesday it will raise prices on most of its single-serve coffees in the United States by approximately 9 percent, effective Dec. 28, due to sustained price increases in associated raw material markets.

  • WASHINGTON, Dec 3- U.S. private employers added jobs at a fairly brisk clip in November, suggesting a slowing global economy is having a limited impact on domestic activity. "The labor market continues to make steady progress," Ahu Yildirmaz, vice president and head of the ADP Research Institute, said on a conference call following the release of the data.

  • DETROIT, Dec 3- As early as 2003, Takata Corp ran an investigation into an air bag inflator that ruptured in a BMW vehicle, but concluded the problem was an anomaly, the company said on Tuesday, ahead of a second U.S. congressional hearing on dangerous air bags it supplied. Hiroshi Shimizu, Takata's chief quality officer, told a Senate committee hearing last month...

  • TORONTO, Dec 3- Royal Bank of Canada reported a stronger fourth-quarter profit on Wednesday as gains at its core personal and commercial banking and wealth management businesses offset weakness at its capital markets arm. Canada's largest bank reported net income of C $2.3 billion, or C $1.57 a share on a fully diluted basis, for the fourth-quarter ended Oct. 31,...

  • WASHINGTON, Dec 3- Washington thinks China has so far lived up its commitment to move toward a market-determined exchange rate, a senior U.S. economic diplomat said in a speech on Wednesday. The United States has long pressured China to let its yuan currency appreciate, which the U.S. "If China continues to live up to this commitment, as it has in the months since the,...

  • NEW YORK, Dec 3- U.S. private employers added 208,000 jobs in November, falling short of economists' expectations, a report by a payrolls processor showed on Wednesday. "The labor market continues to make steady progress," Ahu Yildirmaz, vice president and head of the ADP Research Institute, said on a conference call following the data's release.

  • ADMA's immune deficiency drug meets main goal Wednesday, 3 Dec 2014 | 8:36 AM ET

    Dec 3- Drugmaker ADMA Biologics Inc said its drug to treat immune deficiency was found to be effective in a late-stage study. The drug, RI-002, met the main goal of preventing serious bacterial infections in patients with primary immune deficiency disease. Trading in the company's shares were halted ahead of the announcement and had not resumed as of 08:34 a.m....

  • *Gold recovers from Tuesday's 1 pct drop. LONDON, Dec 3- Gold rose above $1,200 an ounce, boosted by firmer oil prices on Wednesday that prompted investors to shuffle positions in a volatile market. Gold gained about 10 percent in the first half of the year, helped by geopolitical tensions and disappointing U.S. economic data, before surrendering to a rallying...

  • U.S. Q3 productivity revised up, wages slashed Wednesday, 3 Dec 2014 | 8:30 AM ET

    WASHINGTON, Dec 3- U.S. nonfarm productivity grew a bit faster than initially thought in the third quarter, while sharp downward revisions to compensation pointed to muted wage inflation that should give the Federal Reserve room to keep interest rates low for a while. The Labor Department said on Wednesday productivity expanded at a 2.3 percent annual rate...

  • NEW YORK, Dec 3- U.S. private employers added 208,000 jobs in November, below economists' expectations, a report by a payrolls processor showed on Wednesday. The ADP figures come ahead of the U.S. Labor Department's more comprehensive nonfarm payrolls report on Friday, which includes both public and private sector employment. The unemployment rate is seen...

  • LONDON, Dec 3- Strong demand for smartphones and automotive electronics has boosted growth for the semiconductor industry this year, as a global industry association said results for 2014 were set to have beaten forecasts with further modest growth expected. Even Microchip Technology, which sent shudders through global markets in October by warning of a...

  • Five months before a national election, Osborne said Britain's deficit would fall to 5.0 percent of gross domestic product in the 2014/ 15 financial year. That compared with a forecast of 4.9 percent made in March by Britain's independent budget office. The slightly slower pace of improvement largely reflects how Britain's strong economic recovery has not...

  • AK YAYLA, Turkmenistan, Dec 3- Turkmenistan, Kazakhstan and Iran on Wednesday inaugurated a new railway route that will improve resource-rich Central Asia's access to markets in the Middle East and South Asia. "These are just our first steps," Iranian President Hassan Rouhani told a ceremony in Turkmenistan which marked the end of the building of the final...

  • If OPEC cannot act to defend the prices and revenues of its member countries, does the organisation still serve any purpose? There is an assumption among some commentators that OPEC is only relevant and working if ministers can reach a production agreement in response to shifts in prices, and that strong disagreement is a sign of dysfunction.