Latest Business News Wires - Business Headlines


  • WASHINGTON, June 3- U.S. dairy farmers and milk processors on Wednesday threatened to oppose a Pacific trade deal if Japan and Canada do not agree to accept substantially more dairy imports.

  • LUHANSK, Ukraine, June 3- Stepping over shrapnel strewn across a leafy park in the eastern Ukrainian city of Luhansk, pro-Russian rebel leader Vasily Nikitin gives his version of what happened in the few seconds of violence that killed eight people in broad daylight.

  • June 3- It is this year's bargain: central banks will remain easy, allowing asset prices to march higher despite all those pesky details about growth and inflation.

  • PARIS, June 3- German Chancellor Angela Merkel has asked France whether it would be willing to put forward International Monetary Fund chief Christine Lagarde as president of the European Commission, two French sources briefed on the exchanges said.

  • CHICAGO, June 3- Quality Egg LLC and two top executives on Tuesday admitted to selling substandard eggs containing a "poisonous" substance and bribing a federal inspector in a food-safety scandal that sickened tens of thousands, the U.S. Department of Justice said.

  • BERLIN, June 3- A Reuters report that German Chancellor Angela Merkel has asked France whether it would be willing to put forward IMF chief Christine Lagarde as president of the European Commission is untrue, a German government spokesman said on Tuesday. What the chancellor said publicly yesterday still stands, " Steffen Seibert said.

  • June 3- The city of Chicago has filed a lawsuit against five large narcotics makers alleging they contributed to the country's prescription drug epidemic by deceptively promoting their painkillers.

  • DOHA/ DUBAI, June 3- Qatar sealed its position at the center of a new aviation map this week as host to the annual meeting of the global airline industry's International Air Transport Association, but the Gulf country and its neighbors drew criticism from rivals about trade and investment policies.

  • YOUR MONEY-Who owns your email account? Tuesday, 3 Jun 2014 | 2:39 PM ET

    Pittsburgh, June 3- One morning in April, my Yahoo email account was disabled for no apparent reason. In the seven weeks since my account was shut, I've spent about 12 hours on hold with Yahoo customer service and corresponded with the company at least 15 times.



  • June 3- Discount retailer Dollar General Corp said it expects gross margins to improve in the second half of the year as it focuses on more profitable products such as accessories and stationery items priced at $1- $5. Dollar General shares rose as much as 5 percent on Tuesday.

  • NEW YORK, June 3- Standard& Poor's suffered a defeat Tuesday in litigation accusing it of inflating credit ratings prior to the 2008 financial crisis, as a federal judge ruled that lawsuits by 16 U.S. states and Washington, D.C. belong in state courts, not federal court.

  • *Pemex selling nearly all of Repsol stake. MADRID, June 3- Mexico's national oil company Pemex is selling a 7.86 percent stake in Spanish oil firm Repsol, worth about 2.2 billion euros at current market prices, Citigroup and Deutsche Bank, the banks handling the sale, said on Tuesday.

  • David Miller's tiny $9.5 million Catalyst Insider Long/Short Fund has jumped 26 percent year to date through June 1- a performance better than any of the other 29,618 funds in the Morningstar database- by mimicking the behavior of top executives at companies large and small.

  • BRUSSELS, June 3- European Union antitrust regulators have approved an alliance planned by world No. 1 container shipping company AP Moller-Maersk and another that includes Japan's largest shipper Nippon Yusen Kaisha aimed at tackling excess capacity.

  • WASHINGTON, June 3- The U.S. International Trade Commission said on Tuesday that cheap imports of concrete steel rail tie wire from China and Mexico are hurting local manufacturers, a ruling that will lead to anti-dumping duties on the products.

  • WASHINGTON, June 3- The U.S. Senate cleared a procedural hurdle on Tuesday to confirming New York lawyer Sharon Bowen as a member of the U.S. Commodity Futures Trading Commission. The Senate still must hold a final confirmation vote, which could come as soon as this afternoon.

  • General Motors Co and Chrysler Group said May sales were the best for that month in seven years. Nissan Motor Co set a sales record for May and Hyundai Motor Co had its best month ever. Ford Motor Co and Toyota Motor Corp also topped forecasts.

  • At one extreme, the new rules could boost demand by as much as 10 billion cubic feet per day by 2020, equivalent to a 14 percent increase from today, according to America's Natural Gas Alliance, a Washington- based trade group.