Latest Business News Wires - Business Headlines


  • *Big Lots shares jump after results. NEW YORK, May 30- U.S. stocks were little changed on the last trading session of the month on Friday after traders shrugged off mixed economic data.

  • NEW YORK, May 30- Benchmark U.S. Treasuries yields rose on Friday as the investor demand that stoked May's bond rally faded further and Wall Street dealers sought to resell their share of this week's $95 billion in fixed-rate government debt supply.

  • SAO PAULO/ BRASILIA, May 30- Brazil's economy barely grew in the first quarter as investment plunged, reflecting a broad malaise that has stirred recent labor unrest and street protests as President Dilma Rousseff seeks a second term. "I couldn't find anything positive at all in the," said Bruno Rovai, an economist at Barclays.

  • TOKYO/ SINGAPORE May 30- Japanese Prime Minister Shinzo Abe said casino resorts could become a pillar of his country's future economic growth as he toured Singapore's two lavish gaming venues on Friday. Abe, who until now has remained silent on the issue of casinos, gave a strong endorsement to legislation that would legalise casino gambling in Japan.

  • MADRID, May 30- Mario Costeja, the 58- year-old lawyer and calligrapher from northwestern Spain who fought Google in court to have obsolete personal information removed from Internet searches, said on Friday he was content with the company's new steps to protect privacy.

  • *Gold eases towards $1,250/ oz, heads for 3 pct weekly loss. *Premiums fall in India; demand soft across Asia- traders. LONDON, May 30- Gold fell to its lowest in nearly four months on Friday and was on track for its biggest weekly decline in two months, as a string of record closes on stock markets and softening demand in Asia weighed on prices.

  • FOREX-Dollar eases as traders eye ECB policymakers Friday, 30 May 2014 | 10:00 AM ET

    NEW YORK, May 30- The dollar eased against other major currencies on Friday as traders tidied up books at month's end and warily awaited potentially market-moving meetings next week by the European Central Bank and other monetary policymakers.

  • *Reports mount of volunteer fighters coming into Ukraine from Russia. KIEV/ DONETSK, Ukraine, May 30- Ukraine's government vowed on Friday to press ahead with a military offensive against separatists, despite a deadly attack on an army helicopter, amid increasing reports that volunteer fighters from Russia were involved in rebellions in the east.

  • U.S. consumer sentiment down in May, wages a concern Friday, 30 May 2014 | 9:55 AM ET

    NEW YORK, May 30- A monthly gauge of U.S. consumer sentiment fell in May as a gloomy view on income growth clouded an otherwise positive economic outlook, a survey released on Friday showed. The Thomson Reuters/ University of Michigan's final May reading on the overall index on consumer sentiment came in at 81.9, down from 84.1 the month before.

  • *Weir dropped bid for Metso this week. *Omnicom and Publicis cancelled merger plan. LONDON, May 30- Investors looking for big merger-driven gains on Europe's stock markets this year are having to temper their expectations after a number of multi-billion euro deals have fizzled out.

  • MUNICH, May 30- The chief executive of German conglomerate Siemens said up to 11,600 jobs could be at risk in a restructuring plan he unveiled earlier this month that aims to save the company 1 billion euros annually. Previously Siemens had been structured along sectoral and regional lines.

  • May 30- Shares of Retrophin Inc jumped as much as 31 percent on Friday, a day after the drugmaker raised its full-year revenue forecast following a deal to market privately-held Mission Pharmacal Co's kidney drug in the United States.

  • May 30- Chinese mobile security software maker NQ Mobile Inc estimated that first-quarter revenue would exceed its forecast of 75- $76 million due to strength in its enterprise business. The company's shares jumped 20.5 percent higher to $8.25 at the open on the New York Stock Exchange.

  • *Ukraine government vows to continue offensive vs rebels. Fighting continued in eastern Ukraine with the defense minister promising to push ahead with an offensive against rebels until "normal life" was restored.

  • NEW YORK, May 30- U.S. stocks opened flat on Friday, with the S&P 500 coming off another record close, as data showed consumer spending fell for the first time in a year in April.

  • May 30- Shares of Infoblox Inc were set to open down 33 percent on Friday, a day after the network equipment maker warned of a lower-than-expected profit for the current quarter, hurt by contract delays and a slowdown in customer additions.

  • WASHINGTON, May 30- U.S. consumer spending fell for the first time in a year in April after two months of solid gains, but the decline probably will not change expectations for a sharp rebound in economic growth this quarter.

  • *Big Lots shares jump after results. NEW YORK, May 30- U.S. stocks were set to open slightly lower on the last trading session of the month on Friday, following another record close for the S&P 500 a day earlier, as data showed consumer spending fell for the first time in a year in April.

  • LONDON, May 30- The world's top investors cut cash holdings this month to their lowest since November and put money to work in risky assets, on the expectation that developed market interest rates will remain low, Reuters polls showed on Friday.

  • LONDON, May 30- Top British investors cut their North American and UK equity holdings in May, seeing more value in higher-yielding emerging market stocks, a Reuters poll showed. Holdings in UK stocks stood at 27.3 percent, down from 29.6 percent in April, while holdings in North American stocks fell to 29.9 percent from 30.8 percent.